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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

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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

GREY:XEBEQ - Post Discussion

FormerXBC Inc > Can shareholders sue executives?
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Post by TheCount11 on Sep 29, 2022 12:43pm

Can shareholders sue executives?

Even if the company is worth nothing to shareholders at the end of CCAA there might be a case against executives making false and misleading statements during an investor conference call. 

Did executives have insurance?

Forbearance is a very big deal.  Did the executive make it seem like it wasn't?  From this board it seemed like a lot of investors were led to believe that.
Comment by filoux004 on Sep 29, 2022 1:01pm
I'm pretty sure you will see a post shortly by a law firm specializing in these types of cases, launching a class action lawsuit and asking shareholders to join in. In fact this happened when Prahbu lefted, in fact does anyone know if that was ever resolved. Tx Peace
Comment by TheCount11 on Sep 29, 2022 1:12pm
How solid do you think the case is?  Nothing I read led me to believe that management would just declare bankruptcy.  Why not issue equity at the market?  Makes no sense.
FormerXBC Inc