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Exro Technologies Inc T.EXRO

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

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 beaner53on Jun 09, 2023 5:05pm
148 Views
Post# 35489309

RE:RE:RE:THIS WAS NOT AN INSTITUTIONAL FINANCING!

RE:RE:RE:THIS WAS NOT AN INSTITUTIONAL FINANCING!

SIMPLICITI1, you seem to have been down this road before. In the words of Clint Eastwood as Dirty Harry, "a man's gotta know his limitations" so I would appreciate your insight.

First, my initial thoughts on how this underwriting (totally agree with you on that) unfolded.

I fully expected that we would see the SP fall to around the $2.25 level which of course it did. The SP  continued to fall to the $2.10 level which I attributed to the the underwriting group passing on the additional 6% discount to their "preferred" clients.

The volume to get to that point was nowhere near the 13-14M shares involved so my thought was the underwriters where going to hold on to the balance for their own account. And why not, this made sense given the future outlook for Exro.

Could it be that the the underwriting group or one or two of them have made the decision to sell the hold for their account shares at bargain prices recently for whatever reason - appease their preferred clients further or other reasons?

I remain firmly committed to Exro but sometimes.....

We need a shareholder update. Soon. Very soon.

GLTA

 

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