FormerXBC Inc XEBEQ

Hey Ferret

[tamaracktop]

Maybe you should get your facts straight before you spout off.

Xebec isn't paying 10% ish.

Xebec is paying 4.25% on a revolving line of credit for $56 million that they have dipped in to
to the extent of just under $5 million.

Try to be informed.

[Ciao]

FUDers do not try to inform, they just want to misinform  :-) 

[tamaracktop]

Ha! Xebec doesn't put bridge financing on a Visa card.

[ferret_ca]

• Long-term debt (classified in level 2 of the fair value hierarchy): The Company’s longterm debts carry fixed interest rates. The fair value of the Company’s debt obligations has been calculated by discounting the future cash flows of the long-term debt at the interest rate of similar debt instruments this is from the companys sept 30/2021 q report    long term debt was about 48m

[newcoin]

I'm glad you're on board as a long term holder. XBC can always use good people like you.

[filoux004]

Did I hear a mike drop!!! Ouch!!

[tamaracktop]

Try again Ferret A line of credit isn't long term debt. That's why the numbers are reported under what's called Current Liabilities It's quite basic actually. Period, new paragraph. You're looking at Q1 numbers? By the way, Q3 numbers were announced last November. Here are the last few quarterly uses of the line of credit: Q3: $5 million, Q2: zero, Q1: $960,000, Q4 2020