Exro Technologies Inc T.EXRO

Consolidation versus Dilution

[thefourth]

I'm not at all concerned with any future consolidation of EXRO shares and I don't really see the logic of those that are squeling in opposition to such and event.  It's just an excercise in arithmetic for heaven's sake.   I mean you eith own the same size piece of a pie or a tart.  Your percentage interest in the venture remains the same.  I expect it's the traders that are squeling and not true investors.

However, the same can't be said about the dilution event we are faced with.  I can completely see the logic behind merging these two companies but what I can't see or come to understand is the fairness and equity to EXRO and SEA shareholders.  They told us that so called "experts" gave a fairness opinion but as an EXRO shareholder, I fail to see it.  The problem is; I don't know squat about SEA!  I am somewhat familiar with their product offerings but how do you value their IP and other tangible and intangible assets in comparison to EXRO's?  Is their technology "disruptive"?  Has it won any awards?  Does it and have the same future value to an EV industry or is it simply something that will be trumped by the next company that produces something similar?  Is it simply their order book that represents the value they bring to the merger?  These are my biggest questions.  I want answers and will have difficulty voting yea on blind faith alone.

best regards
thefourth

[Sarkazoo]

Companies want solutions that incorporate new technologies, they don't want components. It's much harder for exro to achieve revenue growth without offering the entire system to companies seeking electric drive systems. There will always be doors open for opportunities such as the partnerships we have with linamar and the passenger OEM but they take much longer to integrate and provide

[TeamEddie]

without dilution did you happen to notice the press release and raise along with over 500m shares now and if you think having a smaller piece of a bigger cash burn is beneficial you are drinking the kool aid

[Sarkazoo]

550m shares are exro and SEA combined. The cost for both companies will also come down, cutting down on payroll, facilities, etc. How would you feel if they achieved their revenue estimates of 240-250 million for 2024? Would you be in favor of the merger?

[TeamEddie]

how will you feel when they dont and burnrate is huge and they need to and they will need to raise again  The reversesplit ideally gets them on the NASDAQ which will give an opportunity to exit if you are lucky before the shorts destroy them JMO

[Sarkazoo]

You are avoiding my question. If they have +240 million in revenue for 2024 will you agree with the merger and change your opinion of the company? If they don't meet their revenue targets I agree, myself  and other shareholders will be screwed.

[jboom70]

Re read the PR. Note the wording "up to" then ask yourself why they worded it that way. NO truck company makes units and sits them on the lot. A truck is ordered then made and this process takes 4-6 months.

[TeamEddie]

irrelevant if the share price does not move and they spent $400 million in the RTO and shares will unlock keeping share price low The share price even if Sue does not think so is the actual value to share holders 

[Sarkazoo]

Because the shareprice doesn't move now who's to say it won't move once the merger is complete and quarterly revenue targets are reached.

[jboom70]

Your ownership of any future earnings has been cut by 2/3, just remember that.

[Sarkazoo]

What about SEAs earnings?

[jboom70]

If Sea was profitable or on the verge of being profitable they would not have gone public. Private shareholders would not make a deal after waiting over 10yrs if it was at the point profitability. But now Sea shareholders via this deal will  have shares they can sell on the open market and cash out. Oh, and BTW at your expence.

[fleetwood]

If SEA thought there was greater growth and profits to be had in the future when merged with Exro, they would welcome going public. That would be the case especially since they don't have to contend with the added complications of managing the public investor interface. And, I think the future for Sea as a result of the merger is far, far, greater. It's also good for Exro for all of the

[jboom70]

How does this help Sea? They already don't use Exro in their system. So how does this deal save them money? More important, WHY are they not using Exro right now???? I mean Exro is a shareholder in Sea and they still didn't get used. The only benifit to Sea is being able to raise cash in the public markets. Investors have been sold a new dream and they don't understand the scope of

[Sarkazoo]

Yes at my expense... ummhmm, thanks. I wonder why all the other companies who are profitable decide to trade publicly instead of going private as you suggest they should.

[jboom70]

Access to capital.

[Pandora]

Seeing as there are those out there that are in favour of an RS maybe check out a company that is also in the EV market and see what has happened to them since they did a 1 for 100 RS on December 21, 2023 to stay listed on the Nasdaq. I did not see the numbers before the split happened but looking at the "price history" tab it appears they were at 8 cents on the day of the split so the

[Pandora]

Oops -- too hasty but obvious -- not Mullen Trucking but Mullen Automotive.MULN Also note the $9.18 close is equivalent to $0.0918 cents pre-split.

[jboom70]

They have done 3 splits since last May trying to stay on the Nas. Shorting on the Nas is a sport and when they smell blood they keep at it. A stock like this would be in big trouble.

[u30822]

How many reverse splits have you been involved in? Most of them the stock trades lower right away. Reverse splits for the most part, are not hte friend of the retail investor.

[Sarkazoo]

One, it was a disaster and I've also seen many other fail. The thing with majority of companies that do a reverse split is they fail to create value and post split they continue to create no value. It will be a very different story for Exro and SEA if the can achieve the revenue targets they've posted. To everyone upset about the potential outcome of a reverse split would you feel better

[u30822]

No different.....wait 2 years after revenues have increased well above the 200-250 m, then talk about a split. If this company grows as large as they think, they might need more shares to accommodate all the funds that would want to invest in it.