EXRO and partners Proterra,Linamar, etc. are bankrupt scams?EXRO business model as of now is to offer engineering services for free, sign NDA's with non-binding orders, meaning scammy/bankrupt partners can bail whenever they want while we early shareholders are being diluted to infinity to keep paying exorbitant wages for CEO's, non CPA CFO's and who knows what else and Sea Electric gets freebies, parts of our business - CD and Cell Drivers via Cellex. While Sea Electric investors bailed at the bottom, sold their free shares, Sea was written off and CEO Tony Fairweather is now chilling in Miami and has a new company after EXRO bailed out Sea and wrote off his loans ... Who in their right mind would think this is a good busines model and who would think this is not a scam?
Did EXRO insiders hire local contractors to build facility that has been idle for more than a year post productio start? Are they laudering money, hiring family members as contractors? What is going on?
Zero, Proterra, Wolong, and now Linamar,... crickets. They went silent post merger - no updates, no pictures, no orders, no sales, nothing.
And don't say it is a macro problem, it is a management problem. Management should have expected this in their risk assesments, securing funding early at higher valuations (Wat up DB). We had 4 years of most "green" and EV friendly administration, and dropped -89% this past year.