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Xtract One Technologies Inc. T.XTRA

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

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

Comment by dontfollowon Aug 19, 2020 11:29am
110 Views
Post# 31428470

RE:RE:RE:With Turtle gone

RE:RE:RE:With Turtle gone

They are making premature decisions based on speculations. I believe that they decided to let Cronin go due to the upcoming AGM. There is evidently a lot of anger and frustration towards Cronin (which is misdirected) and if the AGM decides to let Cronin go from the board, he would have to step down as CEO as well. Hence, they make this decision as a precaution to be able to find a new CEO before that happens. Since there is only a fraction of votes and proxy votes attending the AGM (1/5 of outstanding shares last AGM I believe?) they have a lot of power and influence on the direction of the company. 

who tf wants a sales rep as CEO?? CEOs makes strategic decisions, focusing on the overarching objectives, and moves the company in the right direction and trajectory. They don't involve themselves in sales. A sales rep as CEO will make  this company crash and burn. 

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