Nexoptic Technology Corp V.NXO

As Usual, moe...

[Roadrunner71]

Misrepresents just about everything he writes.
Here is the truth about Xtract One's 50M financing.
Read it and weep, moe.
"The company's recent filing of a final short form base shelf prospectus with Canadian securities commissions, barring Quebec, allows it to issue an array of securities, including common shares, warrants, subscription receipts, units, and debt securities, amounting to a staggering $50 million.

 

The specifics of these securities will be determined based on prevailing market conditions and outlined in future prospectus supplements. Notably, the company has no immediate plans to initiate an offering, yet the filing aims to provide financial flexibility for the advancement of its business."

[Maxmoe]

I'm not sure what source is being quoted by this post. My quote is "and $50 million of capital sitting on the shelf to raise this year to stay in business." and I don't see how that's any different from your quote. Unless you don't understand what a "shelf prospectus " means maybe? Preparing a "final short form base shelf prospectus" isn't

[Roadrunner71]

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

[BarstoolSage]

With 176 million shares already outstanding, Xtract would not meet my criteria for investment or flyer.... " Back when" NXO had far less...now its 195 million It takes a lot of demand to move the needle. 

[Maxmoe]

Yup and let's just ignore the fact the ceo hauls down 800k and the cfo 500k and the bod another 500k. That's a $1.8 million nut and annual audited sales are $4 million. Run Forest Run. That's a fast treadmill they are on, but runnin down the road is his idea of havin fun, as the song goes. Xtra is in an enviable position compared to nxo, but it supports the main premise that nxo is not

[Damn1212]

Sorry Moe  Not very Different ?  Umm Cmon man , if you can`t even generate 1$ in Revenue its very Different than a company which has sales.  Yeah I get it theres a ton of Garbage companies on TSXV ... But having no sales is just bottom of the bottom. 

[Blueshoes]

Get some sleep

[Maxmoe]

Yawn. There are thousands of penny stocks with 0 sales. Nxo is just one of many. They are all high risk. Most will fail. Same outcome for xtra and the hundreds of penny stocks with immaterial sales and big operating expenses.  You get tired of the facts?  Tell us again how you ended up buying 10 million shares of a company with 0 sales. Why didn't I do that? LOL.  Why didn't

[Maxmoe]

Yup. Read it again my feathered friend. The current projection and uses of capital clearly indicates they WILL need the additional capital unless they cut their entire operations and organization back to the size of nxo. Watch out for any package labeled "acme" ! There is a $16 million loss in that box!