Xebec Adsorption

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Good day all,

I bought a while back some stocks of Xebec. I just heard today that the company sought creditor protection. Usually, what happens to the stock during that time? I think there is an expectation that the trading of shares will be halted.

Thanks for your help
Ben

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Asked on September 29, 2022 12:31 pm
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Hey there Ben. Unfortunately, Xebec's shares will be frozen until it exits protection. We've seen this in a couple of other companies over the years. For example, even Air Canada had this happen. More recently, even Reitmans. How long it stays in creditor protection is unknown. I believe Reitmans was close to 20 months.

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Posted by Dan Kent
Answered on September 29, 2022 4:30 pm
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