FormerXBC Inc XEBEQ

RE:URGENT REQUEST

[ZouZS3]

They have absolutely no clue what Arnsby is asking for lollll. 

Upon review by the Monitor, it is unclear what relief is precisely sought in the Arnsby 

Application, although it does appear that Mr. Arnsby suggests that he be invested of 

investigative powers and duties, and that the formation of a shareholders’ committee funded 

by the estate should be ordered by the Court. Following its summary review of what has been provided by Mr. Arnsby at this stage, the 

Monitor is of the opinion that such relief appears disruptive to the Restructuring Process and 

to the ongoing SISP.  

 

tony08 wrote:

To be read in full in the DELOITTE report

 

According to Simon Arnsby the rumors that Kurt had sold his stocks are false:

 

As of September 28, 2022, the day before Xebec's CCAA filing and trading halted, the three principal shareholders of Xebec were:

- Caisse de dpt: 10,754,487 shares representing 6.95%

- Kurt Sorschak: 7,611,860 shares representing 4.92%

- Marinus Van Driel: 4,443,735 shares representing 2.87%

 

As of November 23, 2022

 SIMON ARNSBY files an "URGENT REQUEST EX PART OF INVESTIGATION:

"In my opinion, whatever happens to Xebec, following the filing of Xebec's CCAA by Xebec's Board of Directors, all other actions, decisions, determinations, timelines, options for restriction or liquidation, etc. . must be monitored and guided by the potentially invaluable expertise of both of Xebec founders Mr. Kurt Sorsak of Xebec and Mr. Marinus Van Driel formerly HyGear and now Xebec. Under the full supervision of the Court and the approval of the creditors, without interference from the Board of Xebec in order to ensure the best possible result of the filing of the CCAA and in accordance with the intention and spirit of the Act".

 

I have requested signed affidavits from Mr. Kurt Sorschak and Mr. Marinus Van Driel that they support my motion and are prepared to perform the duties that I ask the Court to entrust to them.