Post by
Davinator on Oct 30, 2024 12:22pm
AI School security article...
Stolen from a poster on CEO.ca (full disclosure). Part way down the article mentions a private equity firm that is specfically looking to acquire companies in the school security space. God damn I don't wanna get bought for $3 or something! I want a 10-bagger and if ever we all had a chance to have one, it's with XTRA. But again, Eight Capital today selling 500 shares at a time and stifling a decent NR this morning. Why is the company that has us pegged for $1.30 and acted as Agent for our last funding in April selling us and dragging our price down the last two days??? Honestly, somebody please answer this question for me?
https://finance.yahoo.com/news/ai-powered-gun-scanners-draw-110000422.html?guccounter=1&guce_referrer=aHR0cHM6Ly9jZW8uY2Ev&guce_referrer_sig=AQAAAKaMpKBp1diP6e88r7uE3dnH_Tsm0YUWZ61UGbbNYgE2kPuhxh_7FNviaMttj0de-QMFwG-VPqtngf1-I1qWPkxNNsnNGWzS_YDMLMC15IMicv0nwQ52hCqKFRMGOvGPv0_Rj0V00w_nosrpKd7foUqlCGa_OWa5poXU-FdCp3-T
Comment by
FrozenInOntario on Oct 30, 2024 1:24pm
Out of curiosity, how do you value the company ? A $3/share offer would imply a 900 M market cap after warrants and option dilution. Do you think this company is worth more than this right now ? And if you were to swap your shares for warrants, you would be making close to a 10 bagger at $3. No idea what is your cost basis. GLTA
Comment by
Revenant on Oct 30, 2024 1:26pm
@Davinator- kinda looks like they are providing a sufficiently high estimate of true share price ($1.30) to confirm Xtract is undervalued , while at the same time, they suppress the SP so that Xtract will never be able to achieve it. I could be way off, but it looks like they are trying to engineer a favourable environment for a buyout.
Comment by
Baxbax on Oct 30, 2024 1:42pm
As we dont have institutional money invested we probably wont get an comment on this. This double agent action looks bad. Especially frustrating as mgmt is taking a high ground on buz side. Cant they do anything? Wont they do anything?