FormerXBC Inc XEBEQ

Future of RNG

[SORNG1]

Are Greenlane and Xebec stocks identical because they both produce RNG and are in the same energy sector?  With Biostream, Xebec has a factory produced and tested, transportable unit that is capable of being used in 80% of biogas producing projects.  Xebec took a beating on their Legacy units that required expensive on site installation.  We haven't seen the potential of Biostream because there aren't enough units in active RNG production.  However, if it produces as predicted, it will revolutionize the production of RNG with a low cost, efficient unit that will be in a class by itself.  Does Greenlane have a similar factory built unit?  Is Greenlane basically using Legacy type on site installation for their RNG production?  Is Greenlane somehow miraculously able to use this on site installation in an economical way when Xebec could not?  I doubt it.  I believe that Biostream is the future for the production of RNG.  RNG is the only logical Renewable Hydrocarbon that not only has the ability to seamlessly replace the present use of fossil natural gas in cooking, heating, fueling of power plants, and industrial uses for natural gas, but can also more economically produce hydrogen when compared to using Renewable Electricity and electrolysis of water.  Renewable Electiricy is fantastic.  Use it to replace the electricity that is presently being produced by coal burning power plants.  It is impossible for Renewable Electiricity to replace the world energy needs when 88% of the energy is produced by fossil fuels.   RNG has the ability to make a dent in that 88% as the only feasible Renewable Hydrocarbon.  The present giant oil and gas corporations will be the ones to finance and push the upcoming Renewable Hydrocarbon Revolution.  They have no choice in order to survive.

[tamaracktop]

Yes! Greenlane and Xebec are identical.

[Gann999]

One thing I don't understand is how is greenlane able to do the same on site installation rng projects without incurring major losses the way xebec did. Where did xebec go so wrong on the legacy projects, glad they are done now onward and upward.

[Zipolitemexico]

Everything was included in the price of the legacy systems. Covid killed them in all costs related to installs.

[Gann999]

So does that mean that when xebec recorded revenue after building the systems but not yet installed it included the price of installation? Then when the 2 got canceled and other 1 wasn't paid for they had to incur the total amount as losses when they found out. So moving forward only counting revenue after delivery and install seems like a smart move to avoid this problem in the future.

[Ciao]

That is essentially what happened. Revenues recognized upon %age of completion and cost overruns from installation and input costs due to inflation as well. Apparently the MSA protects XBC now, lesson learned and great to happen before BGX v2 launch with large initial orders.   The company has been significantly de-risked and the market has yet to wake up.

[savyinvestor333]

It was kinda like "The Price is Right" show  everyone of your competitors bids high and you bid a dollar and you end up with the deal. Doesn't mean you make any money though.