Post by
catchascatchcan on Feb 03, 2021 3:05pm
Part 2?
It's a bit curious that we haven't yet learned of the second portion of the 2 part acquisition that was previously announced. I would have anticipated news in January, but I suppose the closing may have needed some further ironing. At any rate, we can be sure that it's 'any day now' PR that will be accretive. Based on current price action and volume, we may need some tangible news to find our footing. That said I'd happily trade sideways and further establish our base at these levels, only to pick up on more substantial news in the coming months. Management has definitely earned some breathing room.
Comment by
Hertzy on Feb 03, 2021 6:45pm
If referring to Imnatec, I agree 100%. They haven't really disclosed the financials behind it and of course the revenue it adds to Xebec's bottom line. I hope to see some news this month as well. I've got a feeling that it's coming in the next 7-10...just a feeling of course.
Comment by
DylanMoran on Feb 03, 2021 7:17pm
The news release did say that the acquisition was expected to close on or before Feb 28th.
Comment by
ZouZS3 on Feb 03, 2021 8:18pm
Cup and handle usually may take anywhere from 7 to 65 weeks to develop