RE:RE:RE:RE:RE:Still behaving BADLYSarkazoo wrote: Wrong, there are multiple ways to perseve a financing/bought deal. FYI, in 2020 Exro completed 3 rounds of financing which lead to a shareprice appreciation of over 2000%. The money was put to good use in developing/commercializing the coildriver/BMS, owning/leasing new facilites for production/R&D, attracting talented employees and well connected board members. The pain in financing only comes from companies that have little to show for it, Exro's management has shown us tonnes of growth from nothing in 2019 to commercial partnership with Linamar in 2022. If this money goes towards more partnerships/ fulfilling orders we may see another 1000% in shareprice appreciation from Exro in 2022. IMO
Sarkzaoo, I don't think anyone is arguing EXRO didn't need the money or should not have done the financing, it's the fact that they seemed to wait too long to do the financing and apparently got caught being forced to do one right after a lawsuit was filed agains them and the share price tanked.
I think technological prowess and financial prowess are two different things. Perhaps the powers that be at EXRO have the former but lack judgement / savvy on the latter.....? In other words, would it have been better for existing shareholders to raise money in November at around 3.00 per share, or in January at 1.60 per share? If you know you'll need to do an equity raise within the next few months in a tough 2021 market for tech stocksand your share price gets a nice bump up, that's the time to raise equity. Waiting means uncertainty and your window to raise money becomes smaller and smaller.