RE:RE:Exro’s Technical Speaking Cash Burn wasAs everyone knows i'm sure, 4Front is retained by Exro to essentially promote and and keep the investment community apprised on ongoing happenings. I expect that Exro Vets the information contained in 4Front communications before they are released.
This is an excerpt from the most recent release from 4Front related to what they describe as "2023 Catalyts":
Strategic Funding / Partner. With ongoing independent and development partner testing and certification for Exro’s Coil Driver, acceptance on this front could see demand for Exro’s products ramp-up exponentially. To help fund that future potential growth, Exro is currently evaluating strategic funding or partnership. We see this as a key hurdle that, once cleared, further provides multi-year visibility for growth, and de-risks further financing requirements.
Yes, we will require another cash injection at some point. Probably mid-Spring or thereabouts.
It looks to me like they have that covered based on what i'm seeing here. I see a large cash injection coming our way from the Tier 1, whoever that might be. Not sure of the form it will take, but I would not be at all surprised if it will be an equity stake. Ultimately.
The point here is, the so called "Group" is not paying attention. Much like RJ a couple of months back. As Simp says "iggy-nore".