FormerXBC Inc XEBEQ

Over Compensating

[savyinvestor333]

Maybe COO leaving was purposely timed to coincide with a plethora of good news to soften the blow. If so I will take a new contract ever day for the next little while.

[ddogold]

Perhaps in hindsight they might have named a replacement COO in conjunction with the departure news 

[Newtrader1982]

Something to still look forward to. You have to give them time to vet an appropriate candidate. May be wise for them to consider a woman for the role just saying.

[GGreen]

I agree however it appears that perhaps they had no choice.... IF COO decides to resign given it would be a "material" event they would have to be disclosed with a few days of it happening. They would not have had time to recruit a new COO and perhaps appointed the former HyGear CEO as Global head of Hydrogen as a positive spin otherwise it would have looked worse. Plausible but only

[Ciao]

Appointing a new hire to lead Xebec’s global hydrogen operations as the new President for the Global Hydrogen Group is not something you decide in short notice to put a spin on something. We can speculate that it was a position Prabhu wanted and they would need to backfill the COO position. When the position was not given to Prabhu, he was pushed out. Divorce can be ugly.

[Ciao]

Hard to say what happened wrt the timing of the news. Seeing that the news of Prabhu's departure was given out in a news release just minutes before the market opened (they usually send out at 8 am), that doesn't sound planned. Perhaps today's news release was already planned prior to Prabhu's departure (they could have sent it out yesterday, but it was Family Day in some