RE:RE:As Usual, moe...This is your quote, " I had no idea when I said they will need to raise a lot of capital to finance those huge losses”.
They are not financing huge loses. It's for funding huge future projects and only if they need the money to pay for those.
I'll explain it in simple terms. It's like having a line of credit, you only use it if needed and only then. It's in the filing and this article.
You should be weeping when called out on BS.
Xtract One Technologies Inc. Files Final Prospectus for $50 Million Security Issuance (bnnbreaking.com)