FormerXBC Inc XEBEQ

RE:RE:RE:RE:Getting closer, I think they can

[Gann999]

Value of assets on their financials are an estimated guess by management who has been notoriously wrong on estimating things. Assets is supposedly 500m roughly with massive amounts of goodwill on the books which was brought up as a concern many times in the past on this board by several different people myself included and it was mainly shrugged off now we find out why it is important to scrutinize goodwill. Assets are only worth what someone else will pay for them and nobody is even interested in xebec's assets so they aren't worth 500m and the market was telling us this for a long time. They owe over 200m dollars and at 50 cents at share the market valued xebec at about 75m so in short will 75m or less cover over 200m owing and have leftovers for shareholders the answer is no.

Kipperly wrote: Is there anyone on this board who can comment on the following xbc items: Current level of debt - 25 mil plus 3 mil ? Value of assets - Are some of the business units worth $0