RE:RE:RE:RE:How do they survive past March 31, 2023? A buddy of mine (who knows way more about investing than I do) explained Pat/Xtract to me perfectly.
Xtract's big SP bumps (nearly $3.00 in 2018, $1.17 in 2020, .90 cents in Feb 2022 were based on SPECULATION. Investors, both individuals and institutional, saw potential and invested accordingly.
But with no RESULTS following the speculation, the boosts in SP became smaller and smaller. Big investors are wise to the fact Xtract hasn't produced, and aren't getting sucked in anymore.
That's why these announcements (OVG, etc.) do little to move the needle. In addition, the financials show every quarter that Pat/Xtract have not produced RESULTS.
If the share price is ever going to go up, we need to see results- significant contracts, not one offs. Growths indicators in the financials, not financial hemorrhaging.
I'll say all IMO, but I'm just stating the obvious...