GREY:XEBEQ - Post by User
Comment by
tony08on Oct 23, 2022 5:19pm
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Post# 35042330
RE:RE:RE:Xebec Obtains Interim Financing and Provides Update...
RE:RE:RE:Xebec Obtains Interim Financing and Provides Update...tamaracktop wrote: If they're willing to extend even just another 3 million, it implies they're comfortable with Xebec's asset coverage or overall capacity to repay does it not? The National Bank isn't in the business of throwing money out the window... Good money after bad...I find this whole scenario both very confusing and more than a little disturbing.
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Marcello is starting to influence me, some would say,(lol), but the last time management discussed about it, they were supposed to start receiving revenue this time of year.
Three million dollars is not a big sum but maybe they don't need more to continue operating if already planned income is added to it.