Xtract One Technologies Inc (XTRAF)

[Sue Purb]

For someone with so many posts I would expect you to know what a standard limited operating history disclaimer looks like.

Here is another limited operating history statement from earlier this year, this one is for a $20B company that trades on NYSE. https://www.sec.gov/Archives/edgar/data/1564408/000119312517029199/d270216ds1.htm

Our costs are growing rapidly, which could seriously harm our business or increase our losses.

If we are unable to protect our intellectual property, the value of our brand and other intangible assets may be diminished, and our business may be seriously harmed. If we need to license or acquire new intellectual property, we may incur substantial costs.

If events occur that damage our reputation and brand, our ability to expand our user base, advertisers, and partners may be impaired, and our business may be seriously harmed.

Unfavorable media coverage could seriously harm our business.

We anticipate spending substantial funds in connection with the tax liabilities on the initial settlement of RSUs in connection with this offering. The manner in which we fund these tax liabilities may have an adverse effect on our financial condition.

This one is from another, slightly successful company you may have heard of called Google - "We have a short operating history and a relatively new business model in an emerging and rapidly evolving market. This makes it difficult to evaluate our future prospects and may increase the risk of your investment."

And from Amazon - "Because the Company has relatively low product gross margins, achieving profitability given planned investment levels depends upon the Company's ability to generate and sustain substantially increased revenue levels. As a result, the Company believes that it will incur substantial operating losses for the foreseeable future, and that the rate at which such losses will be incurred will increase significantly from current levels."