Post by
TradePro on Jul 20, 2022 12:34pm
equity raise or sale of the company
Given the cash burn in Q1/22 and the continued cash burn in Q2/22, we can assume that XBC is now running on fumes.
After the Q2 results I would expect either an equity raise or the sale of the company.
Furthermore, the company did not report the status of their credit facilities, which is not a good sign, and a violation of their material disclosure obligations.
Comment by
filoux004 on Jul 20, 2022 2:07pm
Yup very good point on NA line of credit, was expecting a press release to reassure the markets Peace
Comment by
Gann999 on Jul 20, 2022 3:19pm
What exactly would you expect them to report the expiry date was already public knowledge what is there to report? The fact you would try to twist that by saying it's some sort of violation just shows your agenda.