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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. > Help me understand this part...
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Post by BaronBuffetton Oct 14, 2020 8:30pm
172 Views
Post# 31718796

Help me understand this part...

Help me understand this part...

"During the year ended July 31, 2020 management fees of $40,000 (2019 - $264,000) were incurred with a private company controlled by Martin Cronin, chief executive officer and director of the Company. In addition, Mr. Cronin earned additional management fees of $450,000 (2019 - $Nil) and share-based compensation of $42,473 (2019 – $Nil)."


Help me understand this part. Private company controlled by Martin Cronin? What does that mean? There's mention of this about other board members. Conflict of interest? 
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