Show that ACDC has to retrace back to  0.275. I will wait to load up @ 0.28.  I can wait and place my bid on Tuesday, Feb. 16th. for a month.
I will shop that chart later. Now about financing as bellow:


 

Extreme Vehicle's $2.5M financing oversubscribed

 

2021-02-12 07:30 ET - News Release

 

Mr. Bryson Goodwin reports

EV BATTERY TECH ANNOUNCES OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Further to its news release dated Jan. 18, 2021, Extreme Vehicle Battery Technologies Corp. has now oversubscribed its non-brokered private placement for gross proceeds of approximately $3-million.

"The interest for this private placement was overwhelming," commented president and chief executive officer Bryson Goodwin. "The demand from new and existing shareholders led to a significantly oversubscribed private placement.

"We did our best to include as many subscriptions as possible, but unfortunately the vast majority of the subscriptions that we received over the originally allotted $2.5-million had to be denied," continued Mr. Goodwin. "We apologize to all interested investors who could not be included and hope to include them into the next placement."

Following approval from the Canadian Securities Exchange, the company issued 15,602,800 units at a price of 20 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant will be exercisable into one common share at an exercise price of 50 cents for a period of three years from the issuance date, subject to acceleration, at the company's discretion, in the event that the common shares trade at a price on the Canadian Securities Exchange of greater than 75 cents per common share for a period of 10 consecutive trading days. All securities issued in connection with the final tranche are subject to a four-month-and-one-day hold period under applicable securities laws.

A finder's fee was paid in connection with the placement to finders at Canaccord Genuity Corp. that consisted of fees in the aggregate amount of 602,800 units, representing an aggregate commission of 8 per cent of the units sold to investors introduced by finders.

The company intends to use the proceeds from the private placement for product development, research and development, and for general working capital.

"We intend to use the proceeds of this private placement to strengthen our balance sheet and develop our various products that we announced earlier this year," said Mr. Goodwin.



less time then that.