Xtract One Technologies Inc. T.XTRA

Free money form RAYTHEON = bad?

[vezmic1]

... I see. Free money from RAYTHEON proves PAT doesn't work?

it sure takes some rigorous mental gymnastics to get to reach that conclusion

not sure how much interest I have in any other advice you have to offer. Forget the shrimp, it seems like you've got only oysters and no pearls of wisdom.

If I didn't know any better I'd think you just want to bash. Could be a few reasons why

[JVJ24601]

I think Raytheon's offset funding was completely used up in Q1/August - Oct 2021.   Q2 just ended November 2021 - January 2022.  They can't use the offset in Q2 to mitigate the burn rate.  Its now gone....   Curious on how many sales they made during Q2, with a burn rate of $3-3.2M a quarter, PAT would need to have made a boat-load of sales to breakeven.   Jnauary

[mrpancake]

JVJ24601-  the burn rate was reduced aignificantly 

[mrpancake]

1,088,079 loss Oct 31st 

[JVJ24601]

@MrPancake....   True...about $400-500K reduction, but still leaves them with $6.9M at end of Q1, and on target for $4M Cash at end of Q2 (Janaury 31, 2022) if there are no significant sales.    Leaving Q3 and part of Q4 to breakeven on their burnrate, or secure Investment.   If I was going to initiate a Dilutive Investment I'd wait until March 15, 2022 to see where sales

[mrpancake]

loss from quarter ending July 31st was $3,082,000  the loss from the quarter ending  October 2021  was $1,088,079... so it will be interesting to see if what your saying is correct no Raytheon funds... there were other Xtract contracts to help offset the burn rate? 

[JVJ24601]

It was actually more than 1.088 Losses, because the $1.8M from Raytheon offset it.  Check out SEDAR.com.   You'll see. And the Raytheon Contract was $2M, but  there are fees I am sure associated with that that reduce it by 10%... As for AI division...when has a contracts come in full...its usually parced over a period of 6-9 months. 

[BocianWaffles]

@JV ..i noticed you directed your post to Kevin pancake...i block him on this forum so unsure what he says recently..just know if you are attempting to have a healthy objective discussion..you will never get that from him...his sole mission in life for years is to talk badly about the company to shareholders....harass partners, customers, prospectives, etc...he's written to govt agencies...now

[Rob1love]

LMAO he´s mentally lost 

[JVJ24601]

Yep.  Been watching the bashers and promoters for a while.  I jump in when the needs to be a dose of reality and facts added to the board. $6.9M left in back - Raytheon $2M is spent, and used for offsetting Q1 FY2022 operating expenses - Little sales announced during Q2, FY2022 - which ended January 31, 2022 - March 15 is PAT's Q2 FY2022 MD&A Due Date -  TSX company (not

[JVJ24601]

Let Go PAT.  Get this next round of investment locked.   Time is ticking and need for an influx of cash and great sales is paramont.