RE:RE:Inquiry on Xebec Securities Settlement Claim SubmissionYes, disappointing and expected unfortunately. 75% of the backlog in the hands of one customer. Lower margins, used a lot of cash, book value slashed due to impairment of intangibles and the wiping out of goodwill.
Totally reinvented business model which over time may prove to work. Question is will cash burn rate continue?
Hold on and lower ACB at sub $.10