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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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GREY:XEBEQ - Post Discussion

FormerXBC Inc > Smoking gun - needs more attention

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Post by UnhappyInvestor on Jan 08, 2023 11:30am

Smoking gun - needs more attention

Reposting this exchange from Q2 shareholder meeting since its clear proof of XBC fraud/breach of fiduciary duty, and should get as much attention as possible.

Brandon Chow

Perfect. Thanks, team. We have another question from Ken Monroe as well. Can you elaborate a bit more on the one of the credit facilities currently being in forbearance? And is it possible for that to be reinstated at the company meets the loan covenants in the future?

Stphane Archambault

Yes, absolutely. This is, this is a temporary thing. We did, we did reach one of the covenant. And that's why we, we had to have that four page letter. We came up with an agreement with the bank, and we're monitoring the situation. So that's the that's the situation right now. And as I said, and then as I pointed out, I mean, we can definitely reinstitute that with no problem as we fix the ratio.

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