FormerXBC Inc XEBEQ

RE:RE:The only question now

[Gann999]

Don't speak in absolutes like 1/10 or 1/100 we are well aware zero is a possibility but if we keep a stake you have no clue what it would be so best not to guess the outcome.

babedinkleman wrote:

Gann999 wrote:
If shareholders manage to come out of this diluted but still owning shares with a balance sheet cleaned up a bit which is in my opinion the best possible outcome for those who own shares. The question will be do you even want the shares anymore? Do you salvage what is possible and move on or do you hold for several years and see if they can actually execute their 3 year plan which admittedly seems a stretch seeing where we are today. Would be interesting to see the general sentiment here IF we retain shares and are not wiped out.

I'd guess you'd be extremely lucky to come out of this on the other side with 1/10th of the ownership you have now (probably more like 1/100th or zero)......and in a company that will be worth (and I use that term loosely) a lot less overall.   I've found in the past with these situations....even moreso in this one where management has no skin in the game and don't appear to be shareholder motivated in the least....rather than drawing out the pain continuously for years it's best to just rip the bandage off.... dump it.....remove the stock from your watch list (naively assuming there will be a stock to remove).....and put it out of your mind.  No real reason to continue to even think about this disaster.....other than as a lesson learned that may lead you to get stuck in another similar disaster in the future.
I'm not saying it needs to be dumped immediately if/when trading resumes as the value of the shares will be a next to worthless anyway.....although if one wants to take some capital losses before year end it might be a good tax strategy.  I'm not so sure it will resume trading at all though.....if it does it certainly won't be on the TSX.