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Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s):  XTRAF | T.XTRA.WT

Xtract One Technologies Inc. is a Canada-based technology-driven threat detection and security solution provider, leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company's segments include Platform and Xtract. The Platform segment develops and commercializes a platform of AI-powered threat detection technologies. The Xtract segment develops and commercializes advanced artificial intelligence solutions for customers. Its products include SafeGateway, SmartGateway and Xtract One View. Its Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities and receive intelligence for optimizing operations. Xtract One View, the Company's cloud-based platform, provides oversight of its customers entire fleet of Xtract One SmartGateways from one interface.


TSX:XTRA - Post by User

Post by LEOTHELIONon Jan 31, 2018 6:57pm
182 Views
Post# 27475259

affect on share price

affect on share priceToday's announcement says that the bought deal financing closes on Feb. 21. My guess is that Canaccord already has buyers lined up, but if not, I would think that in order to maximize this financing (which is the obvious goal), it would be beneficial to keep trading above $2 for the time being. Furthermore, those $2.40 warrants only sweeten the deal for the investors if they believe that the share price is heading back up OR if the warrants are already in the money by Feb. 21. I realize from a TA perspective that what goes up must come down and that gaps MUST BE FILLED DARNIT!... blah, blah, blah. However, something about today's financing seems different from the last one. Pat has really been accelerating things in terms of wanting to achieve their global reach in a short time frame. The media attention they are getting has been impressive And what's really new is the interest from our cousins south of us. I think we will hear some important news in the next few weeks to bolster both Canaccord's brokered deal and their own credibility. My guess is that they are counting on some news to be released. I hope that fundamentals kick TA to the curb.
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