Exro Technologies Inc T.EXRO

Anyone buying EXRO-WT? Up 70.45% today.

[QuantumTime]

Thinly traded though
https://ca.finance.yahoo.com/quote/EXRO-WT.TO?p=EXRO-WT.TO&.tsrc=fin-srch

[mahoon]

Yes I own the warrants , the leverage on them are spectacular .  Of course there is much more risk but also much more reward as seen today.  To think that they are not going to exceed $2.00 by 2025 seems pretty ridiculous to me , in fact I will be disappointed if they weren't in the money by years end. To me they are a nobrainer.  

[mahoon]

meaning   " that I believe the Exro shares themselves will exceed $2.00 before 2025 ''.  in the previous post in case there was any confusion.  

[tamaracktop]

What's the expiry date? I'll calculate the warrant premium and let you know if they're underpriced. 

[tamaracktop]

Sorry. You might be surprised how many people don't really understand warrants, and how they work. These could quite possibly be a ten-bagger. Or more. 

[tamaracktop]

They're a ten-bagger if the stock is trading at $9.86 or more on September 20th 2026. Not a prediction, just a fact.  The warrants will expire at $8.50 if the stock is trading at $9.86 on that date. 

[iiioiii]

Are there not two sets of warrants that have recently been issued? One set from February 4, 2022 @ $2.00 (36 months - Feb 4, 2025) with no early expiry option and another set from September 1, 2022 @ $1.36 (48 months - Sept 1, 2026) with an early expiry option after 20 days above $2.72 on average. The first set of warrants were the ones that saw the 70% increase yesterday - I know because I own a

[Wriggles]

I believe that the latest warrants were not separated from the underlying share and therefore are not listed on the TSX.

[tamaracktop]

These are the warrants I was referring to in my explanation.   CALGARY, AB, Sept. 20, 2022 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries and bridge the cost

[Pandora]

I don't profess to know anything about what I am talking about but I have to go all the way back to a June 23, 2020 news release to find wording of warrants being listed for trading purposes. At that time the listing was on the CSE. I do not see wording in any of the recent financing saying that the warrants were listed for trading. Does that make a difference? Does the Company not have to

[ace1mccoy]

If one doesn't mind it's EXRO.WT. is the quoted warrants that is being discussed and traded  .. NR dated Feb 4 / 2022 CALGARY, AB, Feb. 4, 2022 /CNW/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and

[tamaracktop]

Moderately curious that Raymond James was co-lead and went on to lower their target. Doesn't matter anyway.  They're wrong. 

[Wriggles]

"I don't profess to know anything about what I am talking about but I have to go all the way back to a June 23, 2020 news release to find wording of warrants being listed for trading purposes. At that time the listing was on the CSE. I do not see wording in any of the recent financing saying that the warrants were listed for trading. Does that make a difference? Does the Company not have

[mahoon]

The tradeable warrants on the TSX have a $2.00 strike and expire in Feb/25 , I can't find the NR on them but it is in there somewhere . 

[beaner53]

If you want to determine the fair value of the warrants, it is common practice to utilize the Black-Scholes option pricing model in much the same way as it is used to determine the fair value of compensation based stock options. Take a peek at note 9 in the Q3 financial statements with respect to Share Capital. There is a great deal of information on the warrants and the stock options as well

[ace1mccoy]

It's awesome Beaner that you have passed down & shared valuable " tools of the trade" info  Will be looking into it for sure and if it can be applied   ... Bonus  Excellent info !! Thanks 

[beaner53]

No problem at all Ace, let me know if I can help.

[tamaracktop]

The warrants will always trade at their intrinsic value plus a "time premium". The intrinsic value is the price of the stock minus $1.36. The "time premium" will gradually diminish until it's zero on the expiry date on September 20th, 2026. The intrinic value today is 50 cents. ( $1.86 - $1.36 ) The warrants are 50 cents "in-the-money" The offer on the