Xtract One Technologies Inc. T.XTRA

Anthony Fauchi's Claim

[Jahpatriot]

Dr Anthony Fauchi seems to think that we will be back to normal this fall / next winter. I must say he has nailed every covid-19 call so far which on a side note supports the arguments put forth by conspiracy theorist but that's for another time and board. With return to normalcy just around the corner I get the feeling that many companies will be ramping up their facility to meet the new normalcy which supports Evan's claim and confidence in this year being a good year for Patriot One. We'll see, God's will.

[dontfollow]

Next winter? PAT will be on the brink of bankruptcy by then. We had like 19mil cash end of October with quarterly expenses of 3,7mil (thats after 1,5mil from non-dilutive financing is subtracted, which we dont know if it will continue). If we assume a burnrate of 4mil, and exclude the potential 3mil from the sale of Sotech Secure, we'd be sitting with 3mil in bank by next winter. Shareholder

[TheGesharoo]

That's a pessimistic stretch.   We are now actively selling.  The coffers will not run dry, regardless of how long before we are back to normal with respect to covid. I am not you, but if I was, I'd stop talking about the old ceo (unless you are a glutton for punishment of course), and be more forward looking.   We will have some clarity on sales quite soon I imagine

[dontfollow]

True, i'd say it's semi-pessimistic to assume zero revenue 'til next winter, but it's a possibility if what the previous poster said about the Fauci statement. PAT has said that covid-restrictions = no site surveys = no installation = zero sales. However, Evans said that they finished some site surveys on last call so maybe that assumption is no longer valid, lets see. 

[Jahpatriot]

Dontfollow: You miss my point. Full normalcy doesn't mean going from full lock down to full normalcy. There is a transition period between the two time frames. During the transition period companies would be ramping up which would likely result in a high demand for Pat's products (we hope). So full normalcy, whether fall or winter, would surely reflect transition period sales.

[Nightstocker]

@ Gesharoo- hear, hear...spot on! @dontfollow- so when you stand outside of Cronin's window with a ghetto blaster, do you play "In Your Eyes", by Peter Gabriel? Or "Endless Love" by Lionel Richie/ Diana Ross? Asking for a friend...

[dontfollow]

@nightstocker tell your friend all of them!

[PliskinNYC]

He plays "faithfully" by journey