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FormerXBC Inc XEBEQ

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

Comment by AlwaysLong683on Oct 02, 2022 6:38am
200 Views
Post# 34999980

RE:You can blame me all you want

RE:You can blame me all you want
tamaracktop wrote: It doesn't change the outcome. No, I never "fudged" any numbers, and if you think I'm unscathed you're mistaken. Admittedly I'm not as pained by this financially as several other shareholders whose phonecalls I've taken I'm the last few days, buy there are intangible damages here of course and I've been severely wounded.. Of course I'm well aware that doesn't do anyone here a shred of good. In the meantime the only thing anyone can do us wait and see how this disposition of assets or "restructuring" or however they want to sugar-coat it pans out. That's the cruel reality. I see this as a case of white-collar crime that will go unpunished. One of the reasons I believed on Xebec to the end was that Levitt remained on the board. Odd that the Chairman of TD opted not to abandon a sinking ship. I find that having the National Bank as an "advisor" to the disposition of assets is a major conflict of interest. Brandon used to always forward my questions during the quarterly conference calls. The one question I asked repeatedly that he studiously avoided was my asking for details regarding the "legal settlement" that was repeatedly mentioned in the company's discussion of expenses. I know now that I should have paid more attention to that. The company hasn't been forthright in its disclosures to shareholders and their lack of transparency has cost many people dearly. I acted in good faith in my assessment of Xebec and I was obviously wrong to do so. This has been a debacle that I have to live with and my pain is real, but my pain doesn't heal anyone's injuries. I'm only too aware of that.

Tarmarack, weren't you the one who claimed he recommended purchasing XBC shares to friends and (former?) clients and they invested money in XBC shares, but you never invested any of your own money in this company? If so, I assume you are not feeling any financial pain yourself from XBC share losses even though others you pursuaded to invest money into this company are suffering the financial consequences of your recommendations.

My question: Why did you not invest any of your own money in a company that you pumped right up until the trading halt this past week.....?



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