RE:RE:RE:RE:RE:RE:RE:RE:One Reason for The UnderperformanceFair enough Boomnbust. I guess I beg to differ. IMO, one of the main reasons for being undervalued is primary trading on a Cdn exchange (TSX) for the reasons I've mentioned in previous posts...(poor investment climate and flight of investment capital from Canada). I guess I would rate the status quo on TSX as potentially the 'kiss of death'. I don't think anybody will argue that our current primary market is the US, with only mice-nut sales within Canada. IMO the average US investor would rather not take a stock position in Cdn$, Besides the poor Cdn investment climate, they would also face forex risk and inconvenience. Yes, some do buy XtractOne of the OTC but that is no substitute for a proper xchange.
As I have stated, Xtract will receive increased exposure when Sphere is opened, when DHS certification is received and when other big name clients (Ie Disney) choose XtractOne tech for their gold-standard security solution. Will Cdn investors react and pick up more? Probably not. Will foreign investors, incl US, pick up more? Maybe not if they can only buy on the TSX.
I do not view XtractOne's situation as desperate, with the their massive back-log. Do they need capital to continie their growth, especially the SAS model? Yes. However, I would aregue that their ability to attract capital in the US would be enhanced if they were traded on the NASDAQ. I realize there is some risk to a RS, but I believe XtractOne is in a strong position now to make this move. In my world, the benefits far outweigh the risks...which would be the opposite in most stocks that I own or follow.