Post by
tamaracktop on Nov 12, 2020 8:14am
The key sentence
"Shenergy is one of several designated state-owned enterprises tasked with building out hydrogen infrastructure in Shanghai and across China."
Comment by
Mick67 on Nov 12, 2020 8:21am
If i am reading this correctly this is an involvment with major Chinese players, in the massive growth area of hydrogen, in a huge market with a stated hydrogen plan, in a segment that is award much higher valuation multiples. This is possibly just the start of the news stream we have been waiting for.
Comment by
tamaracktop on Nov 12, 2020 8:27am
Shenergy and Xebec originally formed a partnership when Shenergy bought 30% of Xebec in 2015.
Comment by
ddogold on Nov 12, 2020 8:27am
Agreed . Excellent news . Growing it’s partnership with such a powerful Company in China is a huge feat for Xebec . Kudos to management once again . Glta
Comment by
newcoin on Nov 12, 2020 9:21am
Wow!! This news blows me away. It's a company maker. The 'Big Leagues' are beckoning.
Comment by
ZouZS3 on Nov 12, 2020 9:26am
On one hand, I see some dilution here. As cash flow remains the problem for Xebec's continued growth. As Xebec said, they have about 30 million in cash that is locked-in. On the other hand, the performance of Xebec is strengthened by eliminating liabilities. The conversions maintain a balance hoping to achieve its desired long-term goals for success.
Comment by
westcoast1000 on Nov 12, 2020 11:58am
Yes, this is profoundly positive and exciting news. With the equity commitment AND the national economic and energy planning commitment, PLUS partnership with a powerful state owned company, this is beyond simply good news. It is indeed company-making news.