Linamar / SEA and Awards
I'm a shareholder of Exro for more than 3 years - and still long and positive for Exro...however, now
IT'S TIME THAT SUE DELIVERS FINALLY ONCE GOOD NEWS - REAL AND PROOVED NEWS - PUBLISHES IN TV - LOKAL AND GLOBAL NEWSPAPERS - AND LETS US SHAREHOLDERS ONCE TO KNOW IN DETAIL WHERE WE STAND TODAY AND WHAT'S GOING ON IN THE FUTURE - SPEAK IN 2023!.
E.G. "NDA" - it gets always displaced - and this since November/December 2022
Otherwise Sue has die give up her job as CEO and leave the Board.
We became such a lot of "histories" - positive news to hear from her side within of the last 3-4 years,
BUT NOTHING HAPPENED!
3 AWARDS in 2022
Did we hear until today news for which technologies Exro received these 3 Awards in detail?
Coil Driver/BCS
NO PRODUCT/PROTOTYPE was presented and we have NO GUARANTEE THAT THIS
PRODUCTS REALLY EXIST AND WORK! Where is the problem?
JV IN BETWEEN OF "LINAMARS e-Axle" and EXRO TECHNOLOGIES "Coil Driver"
In mid of July 2021 Linamar & Exro went in a JV to equipe LINAMAR's "e-Axle" with "Exro Technologies "Coil Driver". According Sue, it was Linamar (Linda Hasenfratz) that came up to Exro.
After all that happened - after Exro's Message of Mai 15th 2023"
Exro Announces Definitive Commercialization Agreement with LINAMAR and CS 30 Million
Bought Deal Financing
I get more and more the impression that EXRO/Sue became "drawn over the table" by LINAMAR!
1rst: It seems that Sue is unabel to draft at first a detailed contract with LINAMAR its 1rst TIER1
partner that Exro has a guarantee something in their hands.
2nd: This before Linamar and Exro start their JV project to equipe "Linamars e-Axle" with
"Exro Coil Driver"
3rd: In the contract has/had to be mentioned that both parties profit a the end of the revenues in the same way, profived their JV gets a full success. This happened now - a success for their JV.
However what's going on with EXRO? It Exro's JV with a LINAMAR as 1rst TIER1 partner
cracked only because Sue was not able to draft a detailed contract with LINAMAR where
Exro profits at the end as well of the revenues in the future of this JV.
Inspite all of this stay long