Exro Technologies Inc T.EXRO

Fire sale?

[bayoubucks]

While we're all wondering what if any connection Exro had with Traynor, I'll throw my guess out there. 
The court has directed the Receiver (Ernst & Young) to liquidate all the assets and Exro stock was one of them.  We all know what the price does when a market order is placed for a large number of shares!!
Just a guess.

[TeamEddie]

Sue clearly stated they had a position

[Pandora]

I'll agree with that. One of the articles mentioned some of the company's whose shares were involved but they only mentioned 3 or 4 so I'm sure there were a lot more, and likely Exro was one of them or the IR guy would not have brought up the item. I believe they mentioned a number of $85M as a total number. If I remember right, without going back, they said Echelon Wealth is one of

[u30822]

Pan who holds 85m Traynor?

[Pandora]

Did you Google Traynor Capital? It will give you plenty of items to read about the scandal or whatever you call it. It sounds like Traynor had $85M in securities of all sorts from many brokerages and it has all been frozen under care of a "receiver". Afraid I am not smart enough to decipher it all. Did anyone active on here other than me get the shareholder news letter issued this

[Pandora]

And what is that other outfit HEAT doing while Exro is bouncing around?: https://stockhouse.com/news/press-releases/2023/11/21/hillcrest-provides-shareholder-update

[Pandora]

Funny how they appear to be running on an almost parallel development plan and there is no hint of infringement anywhere. Heat's CTO did work at one time for Exro, if memory serves me right, but 'no conflict'? I guess there is lots of room in the industry.

[u30822]

Pan, How many shares of Exro does Traynor hold? I can't seem to find that info.

[Holdrrrr]

I haven't heard anything about Traynor holding exro.  I know he held alot tcf energy which is a value right now imo, they sold hard I picked up a few.  Another big one Traynor held was a weed stock, but I never heard a word about exro.  

[Holdrrrr]

Also, CIBC was the big dumper on tcf when they were unloading, I'm not sure if you see alot of CIBC selling here

[Pandora]

The statement from the newsletter: A little on our recent share price performance. Finally, I just wanted to provide a little insight into recent performance. As sophisticated capital markets participants, you understand that it is tough to fight the current when your sector is out of favour. While Exro has outperformed most peers (and all indices) over the last 12 months, the recent

[Holdrrrr]

That newsletter has no date-but exro has been in decline for quite awhile, and it accelerated early September.  Traynors positions weren't sold until mid-late October POSITION DUMP   Brokers began to dump the fund’s positions, which included at least three cannabis companies — Curaleaf Holdings Inc., Cresco Labs Inc. and Cannabist Company Holdings Inc. — and a tiny energy

[Pandora]

This pretty much put a date on it: "Good morning, For your reference, the following is a copy of the press release from yesterday, November 20th, 2023.    Exro Receives First Pilot Order for Battery Energy Storage and Lifts NDA with Brazilian Partner Giaffone Electric Backed by Purchase Order  1) Exro's first in-field Cell Driver™ Battery Energy Storage System