Exro Technologies Inc T.EXRO

A financing is looming

[BSdetector2016]

If you see a flood of colour glossy news releases and glowing analyst reports, then you know what's coming next. Share price will remain DOA until the financing is done and there's a turn-over in shareholders.

[jboom70]

10 month runway till they are out of cash as per Sue. Cow patty in the road ahead.

[lastpick]

They previously announced financing on Dec. 7, 2021 Prospectus and may be already reflected in the share price.

[jboom70]

There is no way to price it in until we see the price, warrants if any and terms to see what kind of overhang effect shareholders can expect from raise. Again I like the company but just want to make money from it.

[BSdetector2016]

Exro announced its intention to seek as much as $200M in financing on December 17th. That amount is NOT baked into the share price.

[ddogold]

The financing is a major overhang . The sooner they make an announcement on the price/ number of shares , the better . No MM’s will touch this until there is news .

[DingFries]

I think of it this way. Exro with the 200m cash raise now has the option to raise money in whatever chunk they need as I believe it was up to 200m. That doesn't imply 200m at once. With the amount of interest generated at CES according to Sue, the customers are there. They might not be huge orders as of yet, but a couple of 5000 800v coil driver orders doubles or triples the share price. A

[jboom70]

No break under $2.56 so they could trap some shorts here as they like to cover in a flush of volume.  Volume is very meek, and that might be a good thing.

[TeamEddie]

less than a week ago there were some clear statements made on the presentation and the transcript is easily accessible - so why not read it and then post