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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

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FormerXBC Inc > Jesus, I just thought of something

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Post by tamaracktop on Mar 31, 2022 12:51am

Jesus, I just thought of something

I've been racking my brain trying to figure out why Kurt left the board

Surely it couldn't have anything to do with a pending bid from Air Liquide.

Oh I hope not.

I'm trying to figure out how Kurt's involvement on the board as a major shareholder could
constitute a conflict of interest in the event of a takeover bid, but no matter how I spin it, I can't see how.

I still can't figure out why he quit the board.

I'm probably just being paranoid.

I have to go now.

I think there's somebody watching me through my bedroom window.

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Comment by Zebec2021 on Mar 31, 2022 1:44am

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Comment by Ciao on Mar 31, 2022 7:35am

There's always a conflict of interest for the CEO in any potential takeover: given Kurt's age and desire to retire from the CEO position, the deeply discounted share price / assets, it does make the company vulnerable to takeover overtures. Did someone test the waters by only talking to Kurt directly (without a formal bid) and Kurt then informed the board? Anything's possible. https: ...more

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FormerXBC Inc