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Bullboard - Stock Discussion Forum 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... see more

TSX:XTRA - Post Discussion

Xtract One Technologies Inc. > Will Xtract evolve into a behemoth?
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Post by BaronBuffett on Aug 19, 2021 11:41pm

Will Xtract evolve into a behemoth?

This I am hoping. I hope we have two massive companies here - weapons detection in Patriot One and Xtract AI in, well, everything. Xtract can delve into soooo many industries it's practically limitless. I hope the vision here is as big as what Elon Musk has for his companies.
Comment by BocianWaffles on Aug 20, 2021 8:57am
I think it's highly likely...they have been consistently getting 6 figure govt contracts for years.
Comment by Nightstocker on Aug 20, 2021 12:09pm
It would be interesting to see how that would play out structurally. Does it continue operating under the Patriot umbrella? If so, how does Pat maximize its production and its potential to increase SP? Or is it compartmentalized enough so that it could be built up and sold? And if so, how does that get passed down to shareholders, if at all? Not an area of expertise for me, would love to hear ...more  
Comment by BaronBuffett on Aug 20, 2021 12:21pm
I wanna hear PE's vision for this because he is already dabbling outside of weapons detection with our AI. I'm sure he sees all the pain points and (AI) businesses opportunities that are present when having conversations with these big businesses. It's just the willingness to venture farther out with the tech than what was originally intended. 
Comment by Jahpatriot on Aug 20, 2021 5:35pm
It could be spun off as a separate entity with the existing shareholders of Pat1 be compensated with shares of Xtract. How much shares would shareholders get would be left up to the BOD of Pat1. Just mi own thoughts.
Comment by pliskenNYC on Aug 20, 2021 5:49pm
Xtract is the AI behind the tech, It should stay in place and be one big behemoth of stock prices 
Comment by Jahpatriot on Aug 20, 2021 8:19pm
@PliskenNYC: Xtract would still be available and committed to Pat1 to further expand the robustness and intelligence of Pat's AI engine. The only difference is that Pat would now have to pay Xtract for it's services. Allowing Xtract to go public could be a viable business model to allow Xtract to market finance a more rapid expansion / growth by hiring AI scientist specific to certain ...more  
Comment by BaronBuffett on Aug 20, 2021 11:30pm
Agreed and that would be the right course of action, I believe. Then us shareholders would get a slice of that pie that (hopefully) PE would lead into the Nasdaq.
Comment by Nightstocker on Aug 21, 2021 2:30pm
All of the options you gents have a common underlying theme. A win for us.
Comment by Jahpatriot on Aug 21, 2021 6:35pm
@Nightstocker: These discussions are essential. Though management claim they don't read these boards I beg to defer. As we all know it was this board that brought Cronin to a halt and the installation of a more aggressive Peter Evans. Well Peter, it's your turn to pay attention to our discussions. There are some good take away among the b/s posted that can prove to be good for Pat.
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