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Exro Technologies Inc T.EXRO

Alternate Symbol(s):  T.EXRO.WT | T.EXRO.WT.A | EXROF

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Comment by Exroweron Dec 03, 2020 6:16pm
190 Views
Post# 32033669

RE:RE:Share price dropping

RE:RE:Share price droppingAnother 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 accounts to cover the placement.   I’m a little concerned about the size and price of this placement unless there is something big about to transpire .   I don’t feel they were in need of 30 million plus dollars in this next week. Hope they surprise me but I’m disappointed even though I’m still ahead of the game here
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