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 > Professional Fees

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Post by Zugnutzon Dec 07, 2022 2:04pm

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Post# 35156938

Professional Fees

From Monitor report: "Management estimate of professional fees to be incurred in the following months for monitor, financial advisors and legal services."

This is based off cash flow statements in the monitor reports one through four.

I replaced numbers in the weeks where most recent data was provided (hopefully did it right)

	First Report	Second Report		Third Report					Fourth Report
in 000	24-Sep	01-Oct	08-Oct	15-Oct	22-Oct	29-Oct	05-Nov	12-Nov	19-Nov	26-Nov	03-Dec	10-Dec	17-Dec	24-Dec	31-Dec	07-Jan	14-Jan	21-Jan	28-Jan	04-Feb
professional fees	854	747	928	561	383	495	312	437	1155	275	564	484	274	294	284	274	329	229	254	254	9387

I'd really want to know the actual amount being spent on these fees.

Xebec expecting to pay over $9 million in fees throughout this process. How much was the secured loans that triggered this nonsense?

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