GREY:XEBEQ - Post by User
Post by
TradeProon Jul 20, 2022 12:34pm
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Post# 34837458
equity raise or sale of the company
equity raise or sale of the companyGiven the cash burn in Q1/22 and the continued cash burn in Q2/22, we can assume that XBC is now running on fumes.
After the Q2 results I would expect either an equity raise or the sale of the company.
Furthermore, the company did not report the status of their credit facilities, which is not a good sign, and a violation of their material disclosure obligations.