FormerXBC Inc XEBEQ

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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.

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FormerXBC Inc > They Need Financing

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Comment by Gann999on Oct 14, 2022 7:30pm

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Post# 35026048

RE:RE:RE:They Need Financing

I know you are absolutely right nobody wants it.

LongoGlueStick wrote:
Gann999 wrote: Fine by me sell inmatec cash neutral declining business bought at peak demand bad move get rid of it.
ZouZS3 wrote: In the absence of an interim financing, at some point xebec will likely have no alternative but to implement additional cash preservation measures, while ensuring the preservation of the value its assets. Measures could include temporary layoffs of employees, resiliation or termination of certain agreements, the scale back and/or shut-down of business locations, as well as negotiations with respect to leases and/or other agreements. Xebec's preferred path to maximize the value of the businesses would be to avoid these measures or limit them as much as possible, hence the continuation of the discussions pertaining to a potential interim financing. Without interim financing, the operations would need to be greatly reduced.

The problem is that no one wants to buy Immatec, and if they do it will be a low ball offer. Another one of Kurt Sorschack's visionary moves.