Exro Technologies Inc T.EXRO

Not Overly Impressed.....

[SIMPLICITI1]

I am not a big fan of  exclusives, especially when they aren't  accompanied by large cheques, and or guaranteed minimum order flow.

I like them even less when the company has to raise capital in advance of dollar 1 in revenue.

Class 3 thru 7 is the CD sweet spot and e axles will dominate that market IMHO.

I think I will start a position in Linamar.....

[Markcalgary]

i understand dropping your pants to get the first deal off the ground re exclusivity.    As far as raising money..... think this will be heavily oversubscribed...as once revenues begin, a different kind of financing will come into play that will stop dilution, but  capital always costs.   GLTA MC

[SIMPLICITI1]

Excuse me? Dropping your pants? THERE IS ONLY ONE DEAL WHEN EXCLUSIVITY IS GRANTED..... AND WHY IN HE** WOULD YOU WANT IT OVER SUBSCRIBED AT THESE PRICES!!!

[Pandora]

So we closed at $2.59 today and the new financing is at $2.25 - a 34 cent drop. Is trading likely to drop that much or is the brand name of Linamar likely to hold it up. ie. might tomorrow be a buying opportunity?

[SIMPLICITI1]

It may be.....but I have reduced my 3 year price target dramatically....

[mollyriley]

You know simp I usually appreciate your learned posts but what exactly from this NR doesn't "impress you"??? They have just announced a MAJOR  commercialization with one of the BIGGEST tier one auto suppliers in the world! Pretty much guaranteed revenue , so they need a little last raise to give them some bargaining power and operating capital, big deal As Kool and the Gang

[ddogold]

Financing @15% below todays close . Anticipated production only beginning in 20 months and no $$ from Linamar . Not making me crack open a bottle of champagne . Curious to see the market reaction .

[mollyriley]

Gee what about when you add that whole other biz of the battery control aggreement with rebuild?!?!? Seriously sell your shares and buy some bank stocks you naysayers. Go Sue go

[SIMPLICITI1]

Molly, Take off the blinders. Read the press release....again and then tell the board why this is such a wonderful deal.

[John4434]

I've been on the fence with these guys for awhile. I'm just willing to take the ride but I will not be surprised if they are obsolete by the time we expect revenue.lol long and waiting, like everyone else.

[tamaracktop]

Respectfully I completely disagree with you John. It's said you have to crawl before you walk, walk before you run, and run before you jump. Exro is setting itself up to skip the walking part.

[John4434]

Maybe. I know Sue spoke of walking crawling running I'm just not sure if the guidance the company has given us has been  parallel to the actual experience of the company. I'm a bit concerned about the numbers and the fact that no coil drivers have been sold yet I'm concerned that our product may not be as viable to the market as I had hoped it to be. Time will tell. I can't

[SIMPLICITI1]

Is there a reason why you keep bringing up the same subject when you already know the answer. It's more than a bit bizarre

[Ndoggy2003]

They have some revenue just not alot at the moment.

[tamaracktop]

The market doesn't care about what they have "at the moment". Nothing is as far away as a minute ago.

[Markcalgary]

If you are not happy with the progress, or the terms of the financing....i will be happy to take your shares:))  15% is the normal reduction for a financing thru brokers.  20 months to production...... that seems like a heart beat for procurement and scale up.  As far as the Exclusivity clause...... We are dealing with Linamar...... we are trying to get with them...... and its only

[SIMPLICITI1]

Markcalgary,  I've been at this a long long time and I don't need a lecture on how brokerages houses play the game.  So riddle me this..... EXRO just issued their financial statements..... you saw the cash on hand.... and the likelihood outstanding warrants being exercised is quite high as well.  So why go out for $30 million on the heels of what you seem to think is a

[SIMPLICITI1]

Markcalgary,  YOU ARE WRONG ON A NUMBER OF COUNTS. 1.The exclusive is for Classes 3 through 6 2. Linamar was well behind other manufacturers in the e-axle space, particularly the 4in1 space. There are at least a dozen manufacturers in this space one of which is ZF (remember them?) So rest assured that Linamar needed EXRO too. 3. This market segment has the best opportunity of any right now