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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 > Price action of Reitmans

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Post by Pennyscalper99 on Oct 01, 2022 1:33am

Price action of Reitmans

It was interesting to study the price action of Reitmans during the CCAA process. The share was trading at around $0.32 a share before May 1, 2020. That was already a depressed price (the average price of shares was about $2.8 in 2019), so I guess financial distress was mostly priced in. Prior to the CCAA announcement, the May 1, 2020 earning release was a disaster and the shares plummeted to $0.12 level. 18 days later, on May 19, CCAA announcement kicked in and trading was halted. The SP was at exactly $0.075(Same as XBC bid/ask now) a share for the next 3 months. After trading resume on September 2nd, 2020, the share jumped to the same $0.12 level before CCAA announcement and stayed there for another 2 and half months then the situation got better the share went straight up to the highest $2.1 a share in January 2022. The market then crashed and today's price is $1.55.

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Comment by newcoin on Oct 01, 2022 2:23am

Penny, I'm certain you are correct. Shareholders must be patient. There is value in XBC and the company will emerge as a better version of itself after this process is complete. Painful, yes, but rewarding if you can wait. A rebirth.

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