Xtract One Technologies Inc. T.XTRA

Well, it's REALLY over now, USA is PATS only real playground

[beastcoastOG]

President Joe Biben plans to sign on Monday an executive that aims to boost government purchases from US Manufacturers according to administration officials.

The United States has shed roughly 540,000 factory jobs since last February as the coronavirus pandemic hurled the world's largest economy into recession. The goal of the order would be to use the $600 billion the federal government spends on procurement to boost domestic factories and hiring, said officials who insisted on anonymity to discuss the forthcoming announcement.

 

Biden's order would modify the rules for the Buy American program, making it harder for contractors to qualify for a waiver and sell foreign-made goods to federal agencies. It also changes rules so that more of a manufactured good's components must originate from U.S. factories. American-made goods would also be protected by an increase in the government's threshold and price preferences, the difference in price over which the government can buy a foreign product.

[singlefile]

Ya - had high hopes - sold out my interest today ... they need 65% US content or move mfg. to USA .. until I hear dif. this is a dead duck

[Pandora]

So has Biden's new Executive Order cut the legs out from under this one - although there aren't much in the way of legs left anymore?

[singlefile]

Ya - most of these security firms need gov. contracts to really survive. You now need White House approval to do business in the USA if content if not manufact. there - like YTY for example. I got out just before closing yester. - dodged a bullet  IMO.

[colima]

November 08, 2020 ABU DHABI Gulfnet Security Systems (Gulfnet) has partnered with Patriot One Technologies (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (Patriot One) , developer of the PATSCAN Multi-Sensor Threat Detection Platform, to purchase, deploy and service as the Middle East regions security system integrator.

[TheGesharoo]

Exactly colima.... usa isnt the only market in the world although it's an important one. They'll find workarounds for this with respect to Ridge's company (based in the states), domestic pat offices in the states and % of components/manufacturing in the usa.  I recall pat mentioned before (unsure of how long ago); that their supply chains were all within north america.  

[Nightstocker]

Exactly, Gesharoo...people on this board are way too US-centric. Despite what Americans like to think, they aren't the only show in town. I get that they are the best market for Pat (guns and crazies and money, oh my!) but the risks of their hypocritical trade policies biting foreign companies is always there. Europe and the Middle East are excellent prospects as well.

[BigBagofWeed]

I said that years ago, with the buy American and US content %, PAT was dead. US was always PAT biggest playground especially schools ( 587 mass shootings last year ) I think also the pandemic pretty much put the last nail in the coffin for this company.. NO SALES EQUALS NO FUTURE BUSINESS EQUALS NO CASH EQUALS NO SHAREHOLDER VALUE.. Happy I dumped last year.