Exro Technologies Inc T.EXRO

Share price dropping

[KLockett]

So does everyone here think the drop is based off the 3.25 offering? Does anyone think like me this was the fiscal report? Am I out to lunch on that?

[SSeahawk053]

$3.25 NOT A CHANCE

[TeamEddie]

it was not financials it is eager beavers realizing the wont make money till March probably 

[Brigon]

  yes, you're out to lunch on that. This company is not about current financials unless it is running out of money (not the case). This company is about the future news and future prospects a couple of years from now. Some traders take advantage of any chance to make some coin and hopefully buy back cheaper. Even though that is a dangerous game to play, some people still play it. Some

[Exrower]

Another reason after announcing the finance we see a price drop is that those who believed in the company and took part in the placement likely owned a number of shares.  So why not sell and use the money to buy back shares at a discount to market and lock in some profit.  I would expect the Downward pressure would ease after close today or tomorrow based on three day settlement in

[Burgersandfries]

The news release states Closing is On or around December 8...just so your not disappointed again :)

[KLockett]

I am asking why the drop in price? Is it financials, share offering. I know it's about the future, and have mom plans on selling anytime soon. Question was simple why dompeople think it's dropped over the last week?

[Valueguy13]

It’s a lot of stock to absorb in a short period of time, including the green shoe option of 15 pc. The brokers are not long term holders and would be delighted to make $1 per share on their option. They are allowed to trade to stabilize the market.  THis company has great prospects but don’t forget  it was $.70 5 months ago. $4 is hardly a disaster

[SSeahawk053]

Folks...In one week's time, the offering will be a distant memory. What happened is a good thing. Now it is time to get over it and embrace the positive...and there are many!!!

[Exrower]

Yes this will likely be the last chance to get in close to the pp price 

[Lineminer]

I'm certainly no expert - but I've found after a share issue - usually takes a week or two for the shares to seek a level and then continue as usual - which in Exro is UP again !! ?

[Valueguy13]

Take a look at Scr. Had a fantastic run up on huge volume to 1.80. They announced a share issue at 1.40. Shares bounced around 1.50 immediately after and got as low as 1.42 barely above issue price. Tow days later - today - back up to $1.70.  Its a very normal pattern. 

[Exrower]

It is very common practice the players who want a bigger piece of the pie run the stock up typically with news and dump their shares to partake in the lower priced placement sometimes the price will even dip below pp if warrants are offered.  I tried to get into the placement however it was a done deal likely before they announced it and I would have happily sold my shares off at a premium to