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Bullboard - Stock Discussion Forum Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc > Response from Darrell bishop
View:
Post by Nha1985 on Jan 21, 2024 2:15pm

Response from Darrell bishop

"Question: I am very concerned about the financial strength of exro at the moment. What are exro's options to finance the company to get the company to cash flow positive in the not so distant future that does not involve heavy share dilution? As an investor I would feel more confident continuing to invest with exro knowing that the company has options, what those options are that won't tank the share price? I'm sure many other investors are nervous about this as well. A financial road map with various possibilities for investors to see the game plan would also be helpful
 
2) why are staff in exro not purchasing shares to show their belief in the company?
 
3) how can exro get institutional companies to hold shares of exro?"



Darrells response:

"Thanks for your questions and support of Exro.
 
 
 
Regarding funding, we continue to execute our capital markets strategy to ensure we are adequately funded to deliver to customers and shareholders. Our Board and Executive are working hard to implement the strategy to capitalize the company which includes options for non-dilutive capital (working capital lines, revolvers, other debt instruments), strategic investments, M&A, and equity. While currently the sector is not recognizing our value, we have confidence that we will continue to fund the business in accretive ways for shareholders, like we have demonstrated.
 
 
 
On executive share purchases, we are a public company. From a regulatory perspective there are times when management are precluded from purchasing in the open market. This can be due to a variety of factors. What I will say with confidence is that we believe our shares are undervalued.
 
 
 
We continue to actively showcase the Exro story daily to institutional and retail investors to highlight the business we are building on behalf of shareholders like you. While the EV sector is currently out of favor with some investors, industry continues to adopt electrification (particularly in commercial vehicles). While adoption is slower than what many predicted 12-24 months ago, the transition to electric is happening. We will continue to market to investors the growth happening at Exro and our belief in the long-term value that will be created.
 
 
 
Have a great weekend. And thanks again for your interest and support.
 
 
 
Best regards,"


Thoughts?
Comment by SIMPLICITI1 on Jan 21, 2024 2:48pm
Wrong questions asked and nearly identical answers as given in last Ask Me Anything  session.
Comment by Nha1985 on Jan 21, 2024 4:22pm
What  are the right questions? 
Comment by Exrower on Jan 21, 2024 4:36pm
PR/IR responses are just rehashed older material.  Nothing really new except I find it interesting that Darryl said there are times when  insiders can't make open market share purchasrs.  Is that why Sue    who has a house paid for courtesy of shareholders , has a decent salary isn't in the market buying during the recent sell off.  Considering their ...more  
Comment by ExroCurious on Jan 22, 2024 1:25pm
Keep in mind you shouldn't be expecting the 100+ exro employees to buy shares of their own company. The question is really out of touch with reality. Most on this board have the luxury of now being in the 'investment class' instead of working class. How is the working man supposed to have $$ at the end of the month to invest in their own company that they are also giving blood, sweat ...more  
Comment by NoRetire on Jan 22, 2024 2:55pm
Employee Purchase Program.  Lots of companies have one
Comment by SIMPLICITI1 on Jan 22, 2024 3:09pm
Not many that are pre commercialization/revenue. 
Comment by jboom70 on Jan 22, 2024 4:02pm
If I worked somewhere cutting edge and believed in the path of the company I would own shares. You must realize they are hyper aware of the SP and financing because that's your paycheck. Ever work somewhere that was a poorly run company? You have one foot out the door. With just over 100 employee's even the janitor knows what's going on.
Comment by uggg on Jan 22, 2024 4:21pm
Exrocurious, I think the employees in question are the ones classified as insiders as they are the ones that have to report their buy/sells. You wouldn't know if the janitor was buying as he would not be an insider. The insiders are not buying & have never bought much of the stock. 
Comment by jboom70 on Jan 22, 2024 4:38pm
That's cause their shares are free :(