Replies to post #5636 on Xtract One Technologies Inc (XTRAF)

[Pan_O_War]

By Kevin the Pancake lol.

[MRPANCAKE]

nothing for investors to look forward to sales wise
Q1 $0
Q2 $0
Q3 $67,528
Q4 $45,814
Cash on hand
July31 2020 $22,407,251
July 31 2021 $9,652,493

Quarter loss ending July 31st another $3.1 MILLION

Company has written the investment balance in Sotech down to $nil as at July 31, 2021. Despite the write-down, management will continue to take every financially prudent measure to recover the Company’s investment in Sotech." IE $4million DOWN THE TOILET
Goodwill STILL LISTED AS OVER $25million ... pathetic !

commercial sale of PATSCAN for 2021... $113,342 PATHETIC
"The Company recognized $113,342 in revenue related to the sale
of the PATSCAN platform during the year ended July 31, 2021"

So now July 31st $9.6 MILLION cash left with about the same amount of A/R; since nothing much sales wise has been announced for 1st quarter ending Oct 31st, 2021, save to assume $6-7 MILLION cash left. So by end of January 2022, they will be looking at one more quarter after that before running out of cash.