GREY:XEBEQ - Post by User
Comment by
tamaracktopon Jun 14, 2022 12:44pm
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Post# 34755413
RE:RE:RE:This is extremely tough
RE:RE:RE:This is extremely toughLongoGlueStick wrote: tamaracktop wrote: Engagement of Echelon Wealth Partners
The Company has engaged Echelon Wealth Partners Inc. ("Echelon") as its Financial Advisor to assist the Interim Management Team and the Board of Directors with evaluating a number of potential financing alternatives to further advance various capital development projects, including at Aldersyde.
What is scary is that Xebec could make an announcement just like this. I am not a fear monger. I am a concerned shareholder
I wouldn't worry too much about that.
Xebec has $147 million in current assets and $82 million in current liabilities.
Cielo has $4.3 million in current assets and $14.5 million in current liabilities.
Xebec has $56 million in receivables and $36 million in payables.
Cielo has $461,000 in receivables and $1.49 million in payables.
There's a big difference.
The market attaches no value at all to the fact that the Fonds is a major shareholder of Xebec and will back it 100% under any circumstances.
This is a King of aces up Xebec's sleeve.
A major positive that the market is either unaware of or doesn't care about.
Remember these two excerpts from the Fonds website:
Created in 1983, the Fonds de solidarit FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Qubec's economic growth by creating, maintain or protecting jobs through investments in small and medium-sized businesses in all spheres of activity. The largest development capital network in the province, the Fonds de solidarit FTQ was created on the initiative of the FTQ, Qubec’s largest central labour body. Through its governance and codes of ethics, the Fonds is a socially responsible investor committed to sustainable economic development where people come first. Aside from investing capital, the Fonds is committed to supporting the growth of its partner companies by offering value-added services such as economic training.
With net assets of $18.3 billion as at November 30, 2021, the Fonds de solidarit FTQ has become a hub of knowledge and resources for Qubec businesses and a key player in the local economy.
The stock is a screaming buy here.