Xtract One Technologies Inc. T.XTRA

Evolv CEO firing a positive ?

[FrozenInOntario]

When you see more than one cockroach, usually means there's a bunch lurking in the dark.

I would say that this is a huge positive for Xtract.   The way I see it, for the next couple of months, their sales departement will be reorganized.   No more leadership while they hunt for a new CEO.  Think Patriot before Evans took over.   And you can infer the time it will take to reorganize this.
The other potential positive : there are good chances that their agressive selling tactics should be tone down.    Having a competitor, especially the 800 pounds gorilla in the category, acting logically in pursuing sales bodes well for Xtract as it opens up the field.  No guarantee but a possibility.

GLTA

[kidl2]

FIO: You are correct. The firing of the CEO is only the tip of the iceberg. Many more heads will fall and replacing them will take time. Add to this the ongoing investigations and lawsuits as well as their now obvious technological disadvantage and you end up with a company “stuck in the mud”. Existing customers are probably burning up the phone lines and prospective customers are likely re

[Revenant]

So many different ways it could go. If the rot goes all the way to the bone (and they have made so many unethical decisions, it's likely indicative of  widespread problems) Evolv may be out for a long time. If it's only George and one or two others, maybe they've cut the head off of the snake, and they hire their own Peter Evans, and we have a stronger competitor.

[Golden100]

I guess it is possible for evolv to hire their own version of our Peter Evans to take over the helm. The problem for them  (at least the way I see it)  is they have an inferior technology compared to Xtract especially now with the new One Xtract on the horizon. These technologies did not get developed over night. This puts them lightyears behind us in developing anything comparable to

[Baxbax]

Well said. We just dont know yet how deep is their problem but with information available it sure seems deep. Tech wise  its safe to say its around 2 years behind (I recall peter said one x development was smthg like that) plus if they ever figure it out, plus they ve investments in already on existing products. Big question ofc is how deep to the bones of sec markets one gateway will drill