Post by
ZouZS3 on Oct 14, 2022 5:50pm
They Need Financing
In the absence of an interim financing, at some point xebec will likely have no alternative but to implement additional cash preservation measures, while ensuring the preservation of the value its assets. Measures could include temporary layoffs of employees, resiliation or termination of certain agreements, the scale back and/or shut-down of business locations, as well as negotiations with respect to leases and/or other agreements. Xebec's preferred path to maximize the value of the businesses would be to avoid these measures or limit them as much as possible, hence the continuation of the discussions pertaining to a potential interim financing. Without interim financing, the operations would need to be greatly reduced.
Comment by
Gann999 on Oct 14, 2022 6:09pm
Fine by me sell inmatec cash neutral declining business bought at peak demand bad move get rid of it.
Comment by
LongoGlueStick on Oct 14, 2022 7:19pm
The problem is that no one wants to buy Immatec, and if they do it will be a low ball offer. Another one of Kurt Sorschack's visionary moves.
Comment by
Gann999 on Oct 14, 2022 7:30pm
I know you are absolutely right nobody wants it.