FormerXBC Inc XEBEQ

RE:RE:Negative or Positive

[Gann999]

Just keep in mind Tony that book value changes it doesn't remain constant so using solely book value can be misleading. I remember not that long ago book value being 2.05 they are eroding shareholders money that's why people are selling. Book value can go lower so what you think is a discount to book value may not actually be a discount. But I agree with the general sentiment that trading so far below book value can indicate it's undervalued. GLTA these are troubling times to own stocks in general nobody knows where things will level out. Looks like ZouZS3 support at 68 did not hold.

tony08 wrote:

Marcello wrote: I'm pretty sure that all the people here that are cutting up the stock and negative about it is because they sold out of the stock and lost money or are shorting the stock and are trying to make money by trying to drive the stock down and still another type that are just negative people or depressed people that have nothing better to do so they love to bring misery to others and try to get them depressed as they are. Stay positive and thirsty and don't throw in the towel now cause how I see it with all the volume that there is, some are still buying it up and pretty much sure the downside might be all gone. What ever you do does not matter 
enjoy

I find it difficult to understand how some can sell this stock at such low prices in recent days.

 

Since the new management is in place, they are taking good decisions and the results should follow.

 

Just reread these numbers that TT calculated for us in one of his last posts:

 

Xebec has shareholder's equity of $260.25 million.

Greenlane has shareholder's equity of $53.19 million.

 

Xebec has a book value of $1.68 per share.

Greenlane's book value is $0.352 per share.

 

Xebec is trading at very close to 4 tenths of its book value.

Greenlane is trading at 2.2 times its book value.

 

Those who are currently selling, are selling at 40% of book value!!