Exro Technologies Inc T.EXRO

As per the game plan

[TeamEddie]

DCA over the next few years and you could do well

[Pandora]

https://www.reddit.com/r/ExroTechnologies/comments/17zp0eu/purchase_order_and_nda_reveal/?rdt=52915

[Pandora]

Seems like someone is not impressed, doesn't like business in Brazil, maybe did not like the talk from yesterday, who knows? But a lot of stuff is also red today. Have to look at my U.S. watchlist to see any green.

[jboom70]

This will keep dropping till equity raise. No news will take hold till then.

[ddogold]

Their average burn rate is $3 million a month and as of September 30 they were sitting with $16 million which takes them to end February . Another  financing is on the near horizon . 

[SIMPLICITI1]

As of Sept 30th the company had cash and equivalents of $19,700,000. At 3 million per month that gives them a 6.5 month runway. I fully expect they will announce a financing in and around March. And I am fine with that. Companies need money to make it!

[jboom70]

So they wait till the last second? We have seen how that goes before. 

[uggg]

"As of Sept 30th the company had cash and equivalents of $19,700,000." You forgot to subtract their almost $5M in current liabilities leaving about $15M.

[jboom70]

Also hard to raise money right now. High interest rates and a stalling economy that I believe will result in a abrupt recession first Q of 24. The longer she waits the worse it will get as desperation takes hold  the sharks will take advantage with a low raise price. Like last time.

[TeamEddie]

Ummm that cycle has peaked 

[jboom70]

Yep, and I have a burn rate of more like 10 mil in 3 months between payroll, research, selling and admin. So as of Christmas (not far away) it's more like 5mil in the bank, which would get the to the middle of Feb.

[uggg]

Yes, there is no doubt a finacing is needed before year end. You have to be prudent with these things or they will bite you hard. Anybody finacing this wants a deal & the closer it gets to running out of cash the better the deal they want. I think this latest release was their shot at pumping the SP ahead of a deal. To be fair it could be the first shot & they have another waiting for the

[bayoubucks]

So you're assuming zero revenue?