FormerXBC Inc XEBEQ

Don't Iike to post from my phone but...

[tamaracktop]

It looks to me like the market has concluded that management here is happy to collect their salaries and couldn't care less about their fiduciary responsibilities to shareholders. I'll post more on this subject later, but right now I'll say that Xebec needs a butcher to come in and trim some of the fat. There's alot of it. Way too much of it. I'd Iike to see an audit of their hiring practices. I'm still completely shell-shocked.

[tamaracktop]

I'd put put Marinus in as CEO in a heartbeat. He rose through the ranks at Plug to become head of their European operations before leaving Plug to strike out on his own because he saw the future was in hydrogen more than a decade ago. He could have stayed in his cushy job, but he didn't. He had the cogones to go it alone.

[tamaracktop]

He started Hygear with basically nothing and look what Xebec paid for it.

[TradePro]

I have to agree with tamaracktop. The compensation package that the shareholders have approved at the AGM will pay them well, even if they deliver millions in losses. Costs have exploded and are not managed properly, but it is not only costs that seem to be a problem, it is execution. The company has over 260 million in orders, so all that is required is proper execution. Both Vounassis and Munro

[TradePro]

I wanted to say "own any shares worth mentioning".

[Hesiod07]

Have to agree. Wages up 51% in 1Q22 compared to same year-earlier period, with overall SG&A in 2021 up 140% over prior year. Maybe less hiring/signing bonuses or is it something else?