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Xebec bankruptcy and more -7

08:26 29-Sep-22


Xebec has announced that it will file for bankruptcy protection in Quebec and recognition of that in the U.S.  As a result the stocks are expected to be halted.  It is still possible, though unlikely, that some value will remain for shareholders following restructuring.  Even so, I prefer this surprise to an attempt at the equity raise I had warned about under current market conditions.