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FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

FormerXBC Inc > Question
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Comment by tony08on Sep 14, 2022 3:50pm
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Post# 34962674

RE:RE:RE:Question

RE:RE:RE:Question
TheCount11 wrote:
Company needs to raise money by selling stock.  

Xebec is in forbearance due to Liabilities to Tangible Net Worth Ratio under the Credit Facility.

There is $25M outstanding in Credit which is available until September 30. 



At the current price I don't thinks they will sell stock.
They want to move towards asset divestitures or joint venture
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