FormerXBC Inc XEBEQ

90% chance it is going to do financing if it

[mingzhu]

wants to start the $110m big project it signed recently. Gross margin means products you make minus material you use. Gross margin of XBC is so low. No way it can go ahead without proper financing.

[Gann999]

They got a down payment for the order which will be more than sufficient to proceed with the order.

[mingzhu]

Down payment is to gurrantee the right for certain period to build the project without being given to other competitors., not the cost of building it. Maybe XBC has given $1m for downpayment., less than 1 % of $110m. I expect it need at least $100m financing to do this. you cannot just build it half way without money to continue to finish it. The financing price? likely 0.50 -0.75 if it does it

[filoux004]

Wow 100M at .70cents that would be 143M new shares!!!! Serious dilution??? Peace

[Gann999]

I don't know where you are coming up with this stuff but you are throwing out numbers as if it is some sort of fact. Where did you get that the down-payment was maybe 1 million? I could see it being easily 10 percent of the order or more which is like 15 times what you are saying yet neither of us are correct because we don't know. However I did confirm with Brandon that they have in fact

[tamaracktop]

Ha! They don't pay Xebec when the last unit is delivered.

[tamaracktop]

Excuse me?   "Down payment is to gurrantee the right for certain period to build the project without being given to other competitors, not the cost of building it" Sorry but that's nonsense. Think about what you posted. Summit pay's Xebec to guarantee them the "right" to complete a contract so Summit doesn't give the contract to someone else. That's so