Post by
2late4you on Oct 31, 2022 11:11am
XBC
https://www.canadianmanufacturing.com/manufacturing/xebec-gets-3m-loan-from-boc-and-edc-as-restructuring-continues-286388/
Comment by
Kipperly on Oct 31, 2022 1:43pm
Is the loaned money to actually keep the business operating for the long term, or is it so they can operate during a planned shutdown and sale of assets? It's a rhetorical question, it doesn't seem like anyone knows what's going on, except for the scammers in the background.
Comment by
GolfMania1968 on Oct 31, 2022 2:42pm
Just to keep it a float during the reorganization and help pay Deloitte, Osler, & BNC.This new credit facility has priority right behind the original loan and in front of creditors. No risk for BNC or EDC
Comment by
Hesiod07 on Oct 31, 2022 4:36pm
Where did the positive cash flow projection for Dec come from (in the Third Report)?