Xtract One Technologies Inc. T.XTRA

Where’s The Cash Coming From?

[BocianWaffles]

Who is fronting these guys $$$$? You can't run a business  like this off a credit card. I believe the longer they take to announce how they are funding the company the better. Maybe OVG is fronting them and asked them not to dilute while in talks of them taking a stake...or another company that wants a stake..not sure but the money is coming from somewhere and I doubt it's organic growth (especially since it's more subscription based). 

All in my opinion long XTRAF....go team!

[Nightstocker]

It's hard to say who is throwing us the life preserver, if anyone is. Going dormant the way they have also saves money, I guess. From the research I've done, I don't think OVG has the assets to all-out buy Xtract. They received 100 million in funding from Silver Lake to get them rolling, and I know Azoff has around 300 million, but that money is outside of OVG. As you say, maybe they

[BocianWaffles]

@nightstocker - Yep I can see a buyout or stake being contingent on DHS. Let's hope for that Friday halt.   all imo long xtraf

[Nightstocker]

Amen, brother.

[TedOrlow]

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[Nightstocker]

@ted At this point, anything is possible. If I was betting my own money, I'd put it on continued crickets. If we had a third day of monster volume and continued SP bumps, I'd say you were spot on. But we are sliding back down two days in a row with meh volume today so far. Looks like it was another speculative boost/ tactical sell. Getting dizzy from all the circle-jerking....

[Nightstocker]

Of course, we just jumped over 30k in the last 5 minutes, so I'm probably talking out my azz...

[TedOrlow]

This post has been removed in accordance with Community Policy

[Nightstocker]

Sadly, it's a growth industry. Even more sadly, we don't seem to be capitalizing on the insane demand.

[dontfollow]

Why is everyone speculating on a BO? Unrealistic. The SP has jumped 5c lol, we are unable to break 0,60c and has been since the last raise at that level. Other small caps has had 100-200-300% increase in SP since late Nov/early Dec. Bankruptcy is more realistic than a BO...

[Golden100]

Everyone is speculating because of the long period of silence. Bankruptcy is unrealistic because on the last quarterly conference it was confirmed that they have access to 50 million for financing and that it could be accessed within days if needed. 

[dontfollow]

Dude, they are referring to the short form prospectus they published 1 year ago which allows them to raise up to 50mil, but no guarantees. Last time they did a public offering, they didnt manage to fill it completely and that was after the OIG hype. You think it will be easy to raise cash in this environment? Every small cap and their nan will need to raise cash in 2023. A raise at 0,40-0,50c is

[Nightstocker]

@dontfollow, I guess we are all speculating because nature abhors a vacuum. Xtract has gone dark and IR doesn't reply to anyone, so we are left to our own devices.  I agree that there's no overt signs of a takeover, but a complete lack of any real news for months can also be a subtle sign. Going on two months since our last sales announcements- and those were small potatoes

[dontfollow]

The announced contracts in Nov/early Dec felt like a turning point, and that the pre-sales and sales process had shortened but i guess not based on the two months since. NDA is just a big excuse, the q report shows the reality.  regarding DHS, im less optimistic now than 6mo ago. It's not like DHS is superrestrictive in what product they give designation/certification to. In Jan, both

[Golden100]

Yet evolv got certification. Go figure. Maybe it's just the old adage money talks. Just grasping at straws here. 

[Golden100]

I agree. Please not evolv. Can we say we still have a partnership with JC and Ratheon? I certainly hope so. If I had my druthers for a merger these two would be at the top of my list. The silence is deafening. There has to be something going on. Nothing else makes sense considering our cash situation.

[Golden100]

I hear ya. Been too quiet too long. And I agree we should be out of money by now or close to it. Something must be happening. Just hope it's good news. I'll be honest I am at a loss. I guess we will find out when we find out.