Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s): T.XTRA.WT | XTRAF

Industrials Aerospace & Defense

Xtract One Technologies Inc. is a technology-driven threat detection and security solution company leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company is engaged in the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution. It operates in two segments: Platform and Xtract segment. The Platform segment develops and commercializes an AI-powered threat detection gateway solution. The Xtract segment develops AI solutions for customers. Xtract One’s Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based Video Recognition Software allows venue and building operators to identify weapons and other threats inside and outside of facilities and receive valuable intelligence for optimizing operations. It serves various industries, including arenas and stadiums, ticket venues and attractions, and casinos.

TSX:XTRA - Post by User

Xtract One Technologies Inc.

Bullboard Posts

Comment by TargetFoundon Mar 31, 2019 1:33am

145 Views

Post# 29560028

RE:RE:Raytheon partnership proves Patriot One is not ready to go

How would you know what I want to see happen to the stock price? Do you actually think I still care about buying this stock? You are just a troll. Off you go to my ignore pile

mikerosoft667 wrote: Im guessing you would like to see a decline in share price. If you honestly believe your stupidity then please go lay down in a corner and lick yourself while you wait for that decline.

In having had experience in these kinds of relationships, the $3M initial inducement was not clearly prescribed for a specific purpose. So it's merely project initiation costs. They didn't specify what the money is to be used for and did not identify additional future funding that will be made available as needed to develop projects to completion. Anyone making any assertion about what this means is a lying fraud.

The take away should be that a VERY credible company just made a public endorsement of PAT and there will be positive outcomes in the future.

Be careful about what your posting here as it's a thin line to be crossed in liability. It has nothing to do with share price. Look up libel law. Understand it clearly.

TargetFound wrote: To market and finally commercialize it's product. Patriot One received $3 million canadian dollars in non-dilutive funding to invest in research and development of it's original Patscan CMR. What is alarming is that not only do they ("the company") seem to be over relying on the success of the device, they also require additional funding to develop it with the expectation it should already be ready to install without problems given that it received FCC approval in October 2017.

Obviously Patriot One has potential, and Raytheon sees it as well, however, they also know that Patriot One has spent over $23 million canadian dollars, (adding $3 million in funding from previous $20 million) and has failed to enter commercialization stage and become profitable. Raytheon has now confirmed that at this stage "the company" is at, Patscan CMR is an innovative idea, not a fit for sale product.

Given that we are approaching three years since it's inception, a reasonable amount of time to go to market, if "the company" continues to play games and tell stories in the following months of 2019, then in my opinion things will not look too good for the stock price in the future, i.e. the bears takeover and we transition from the current uptrend, into a downtrend, as the bulls sell and their patience gradually goes away.

Have a good weekend all!