GREY:XEBEQ - Post by User
Post by
Winston1on Jun 12, 2022 4:28pm
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Post# 34750335
We might see some significant buying in the next 2 weeks
We might see some significant buying in the next 2 weeksThe reason why we may see some signicant buying in the next 2 weeks is because:
1) All those who sold at $1.30+ in their cash accounts on the earnings release on May 12th are now able to take the tax loss on the shares they sold and buy back shares at a significantly cheaper price.
2) Xebec's credit facilities from National Bank expire at the end of June. If their credit facilities are extended and increased I expect a large increase in the share price because it would eliminate the uncertainty over their financing method. At this juncture, debt financing is much more preferable to equity financing.
Remember, I'm not a prophet that can predict the future, just offering my opinions.