FormerXBC Inc XEBEQ

Getting closer, I think they can

[Marcello]

Recapping from what I know, offer's deadline is November 11 to place bids in for pieces or the whole pie. And digest all offers and proposals. And we should hear back by the end of November of the destiny of Xebec.
Expecting good news fingers and toes crossed.

[dalesio_98]

Incorrect! -- "The deadline for submission of non-binding letters of intent is 5:00 p.m. (Eastern Time) on November 11, 2022 and the deadline for submission of binding bids is 5:00 p.m. (Eastern Time) on January 6, 2023." -- https://xebecinc.com/news/xebec-obtains-creditor-protection-under-the-ccaa-to-pursue-restructuring-and-commence-court-approved-sale-and-investment-solicitation

[Lupuslupus]

Now your crossing fingers and toes? I thought just seems like yesterday, that all was well, and good, no worries, only blue skies? lol

[AlwaysLong683]

From press release dated October 21, 2022: Parties interested in participating in the SISP are reminded that the deadline for submission of non-binding letters of intent is 5:00 p.m. (Eastern Time) on November 11, 2022 and the deadline for submission of binding bids is 5:00 p.m. (Eastern Time) on January 6, 2023.

[Marcello]

Some how I don't believe that we are going to keep us in the dark for so long. Good news or Bad travels fast and this is no different . Time will tell 

[Kipperly]

Is there anyone on this board who can comment on the following xbc items: Current level of debt - 25 mil plus 3 mil ? Value of assets - Are some of the business units worth $0

[Gann999]

Value of assets on their financials are an estimated guess by management who has been notoriously wrong on estimating things. Assets is supposedly 500m roughly with massive amounts of goodwill on the books which was brought up as a concern many times in the past on this board by several different people myself included and it was mainly shrugged off now we find out why it is important to

[Kipperly]

Thanks, good response. I'm not sure how I was led to believe they only had 25 mil in debt. Lost a bunch of money on this stock, was in over my head trying to keep up with the perceived value of this company. Management and the board are incompetent, they are just a bunch of scammers. They fooled many fools, including the banks.