RE:RE:RE:Bottom line Simpliciti1, you are certainly entitled to your glass half empty view and I respect that. You have shared your view and it appears to me you have a decision to make. If you feel there is something rotten in Denmark and that management has dropped the ball, you need to listen to your gut.
I believe you have had a half empty view and concerns prior to the bought deal. I think this was just the icing on the cake for you. One needs to believe in the management and their decisions and I feel
based on your comments you feel there is something fishy regarding the RE:Build and Linamar agreements.
SIMPLICITI1 wrote: Viking2233,
I am in this stock and for a lot less than $2.25. The problem I and other shareholders have management has essentially destroyed value, both present and future and it begs the question, why?
Strike while the iron is hot? Give me a break, please. In one sentence you tell the board that governments are throwing money at cleantech and then the next you telling us that it was incumbent upon EXRO to do a deal in the current banking environment which implies money may not be available otherwise. Which is it. That portion of your argument is rather self serving to say the least.
There is indeed a lot of funding available for Cleantech and we have yet to hear from management as to whether an attempt to procure some of that was made on the back of the forthcoming Linamar deal.
Regardless, just a few short days ago, management was praising their current cash position. Just a few weeks and months ago, management was describing their relationship with Linamar as STRATEGIC.
Well its strategic now for sure, simply because they've obligated themselves to finance a significant CAPEX that is being funded by the most expensive way possible.... EQUITY......
If this deal with Linamar was so great, certainly EXRO could have done what you suggested and sought a combination of government and bank financing to support the deal.
WE DON"T KNOW IF THEY EVEN TRIED. Given the timetables outlined in the DCA, its not like they have to move quickly either! As no revenue is projected until the start of Q4 2024 a full 15 months from now!
Now as to the financing that you continue to crow about, please tell the board why a 12 to 15 percent discount to either the 10, 20 30 or 50 day closing or VWAP was handed to them.
There is something very wrong with how this went down. Mr. Market hates surprises and we remain down 13.4 percent from the day prior to these announcements.
Interestingly, the market didn't move much on the Re:Build announcement either which as you know was announced just several days prior. My guess is those same Houses knew a DCA was coming and manipulated the SP to the benefit of their opportunity.
Something remains rotten in Denmark....
Once a company takes this path it is highly likely it will do it again when or if they deem it expedient.