Exro Technologies Inc. T.EXRO

Pandora

[jboom70]

The fact is things are not working out for Exro inverter. It started with e-bikes and scooters and nothing panned out. Then e-motorcycles, nothing. A swiss electric motor company, nothing. Potenza cars and nothing along with countless NDA that didn't have anything happen with them.

So they invest in Sea. They don't even use their tech until this deal and now there will be months of testing (or longer) to get up to speed and test.

In a hail marry attempt the do a reverse takeover with Sea that is straped for cash and destroy shareholder value. If Sea can make it through the next couple of years, retain Hino and Mack and they manage to sell enough units to make a go of it, I'd be shocked. Don't forget they have to carry cash burn of two companies now.

Exro would have never made this deal if they thought they could be profitable any of their other products. This is a lifeline for Sea.

They will reverse split and do another at least one more raise to carry both these companies. You might get an oversold bounce here and there even a bump on news but the overall trend will be downward, so more of the same.

Can't believe this play ended up like this.

[Pandora]

There was a big announcement centered around "Start of Production" in Calgary. What were they producing and what is the result 5 months later? Is everything they produced still sitting on the factory floor. I don't recall seeing any news os sales of some particular product. Why start production if you do not have customers.

[Pandora]

At a Glance: Exro achieves major milestone with start of production of its patented next-generation Coil Driver™ inverter technology for electric vehicles at the company's state-of-the-art manufacturing facility in Calgary, Alberta, Canada. First production is backed by initial purchase order commitments for low-voltage Coil Driver™ units from Italian OEM supplier HB4 Group

[jboom70]

One thing missing from that NR are numbers. How many on an ongoing basis are they producing at what profit? I guess there will be a number next Q but won't be broken down or addressed.  If it is broken down or it's a surprise number then you have been all had, cause it means there was deliberate manipulation of the SP to sweeten this deal for Sea. So, low numbers or manipulation

[jboom70]

Also there is another thing to consider, the overhang that comes with this deal. First you have Meritor bought out by Cummins the did a equity stake so they will now have shares in Exro. those will be sold into strength on NR and I estimate 300 000 shares. Second are the PPL that bought this ,95 raise, they will sell into strength. Third any existing Sea shareholder looking to get cash back