Xtract One Technologies Inc. T.XTRA

Reverse Split is coming...

[Davinator]

Have a peek at the last two hours of trading today. Someone working real hard to keep us in the 68/69¢ window we've been in for the last few weeks (despite the NRs).. The reverse split conversation from Peter is coming. Mark my words...

[Revenant]

Davinator, you can't be serious. No one does a reverse split when their shares are 68 cents and brutally undervalued.  Presumably, such an action would be for the purposes of getting on The NASDAQ. You have to understand that membership is not instantaneous. And even if they did an 8 or 10 RS,  (which would be asinine) we would still fail to meet several financial requirements

[Revenant]

Peter will be starting a conversation about Bigfoot being real or the earth being flat before a 10 to 1 reverse split.

[TheGesharoo]

Wait..... Are you suggesting Bigfoot isn't real?   What the heck Rev?!? GLTA longs, hoping tomorrow we are all tipping a virtual glass together after a pleasant surprise.   G

[TheGesharoo]

Also, nice to see some new sales hiring down south. I know resellers are our primary route moving forward with rapid expansion, but nice to have in-house sales too to both preserve margins, and also expertise for trade shows and events etc. Resellers never seem to be quite as versed in a particular product as a direct salesperson.  Just my experience anyways. g

[FrozenInOntario]

What is so bad about Reverse Split ?  Is your investment worth less after ?  If they did a 10/1, do some funds have mandates that precludes them to invest in stock trading at $7 ?  I know that some can not invest in stock trading under $1 or even higher than this.  Will you be able to margin stocks over $ 7 ? I would love to hear the case against RS. Doing a RS is a symptom

[Revenant]

Frozen, you might want to due your DD on reverse splits. Especially regarding the failure rate. They don't call it "the kiss of death" for nothing...

[Revenant]

Studies peg reverse split success rates at 29%. You want to roll the dice on those odds. It is the universal sign of distress in a stock.  For argument's sake, let's say we RS to $7.  We would have to stay at $7 or higher for ONE FULL YEAR on the TSX.  If our share price is still dropping as a penny stock, despite all this good news, how on earth do you think we will

[Revenant]

To be honest, this entire conversation is not a good thing. It spreads to other boards, and starts a lot of negative speculation. Im really hoping we get fantastic news after closing today, and this kind of crazy talk can be shelved. GLTA

[FrozenInOntario]

Hey, I also hope that we have results moving news this quarter and look forward to any guidance on One, our Evolv killer solution. This is a board and it is nice to have various point of view.s  You contributed half the posts on this thread : no worries, this will not have any impact on the share price. Cheers,  

[kidl2]

95% plus of share consolidations fail BUT they do work under very unique circumstances as in a monumental corporate development in tandem with a non-predatory financing (shares, debt etc). I recall XTRA making it very clear that every option is on the table but ONLY under the RIGHT circumstances. As it is, XTRA seems perfectly positioned to grow using existing financial resources.