FormerXBC Inc XEBEQ

No!

[tamaracktop]

This is a bear raid, plain and simple.

Did you see what happened at the close today?

Look at the closing prices since Novermber 4th.

$3.86, $3.85, $3.73, $3.47, $3.39, $3.24, $3.69, $3.48, $3.29, $3.19, $2.95, $3.02, $2.98, $2.93, and $2.87.

This is neither normal, nor rational trading.
No two consecutive positive days.

This is starting to look like a scupper job.

It's starting to look like a bid is coming.

I certainly hope not.

Most of the shareholders would probably tender their shares at any premium whatsoever right now.

Which is exactly the desired effect.

[Hesiod07]

Market knows there is no support for the stock. Company chose not to institute a normal course issuer bid. The algos have the right profile (down 50% y/y) plus iterative price profile so they are front running their shorts or continuously shorting the stock. Note that the stock normally stabilizes by late afternoon.

[tamaracktop]

Ha! Microcaps don't institute issuer bids. Ever. They're usually looking for capital, not looking to spent it retiring their own shares. Except in this case, Xebec doesn't need any more cash. That's the point.

[Hesiod07]

TT   Look at the conventional oil patch where even the smallest companies are buying back stock. Cleantech was lost in the dust because of the ridiculous rise in oil and gas prices which had a Lazarus effect on the sector. Now they are selling Birchcliff and also selling XBC to offset the caoural gain. Buybacks aren't just for the banks.

[Hesiod07]

capital gain sorry

[tamaracktop]

With all due respect, sincerely, you might be right, but I completely disagree. Companies only buy back their own shares when they can find no other investment that will provide a greater return on capital. Xebec doesn't retire shares because the board has collectively decided that there's no greater opportunity than to reinvest in the business.   They know it.  They

[ddogold]

More often than not companies use share buybacks partly because they are sitting on mountains of cash . The banks as well as the tech companies , with Apple at the forefront , are prime examples. Xebec is many years away from being in that position . I don’t believe there is a concern by management of an imminent hostile takeover bid either . The sector is out of favor as smart money has shifted

[WildlyBullish]

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[WildlyBullish]

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