Exro Technologies Inc T.EXRO

Just 10 months ago

[tamaracktop]

Exro raised $34 million in a bought deal at $2.25 that was oversubscribed. 

I bought at $1.21 on November 7th, 2022 and saw it top $3.00 three months later.

I thought I was golden.

When the stock turned lower and was dropping relentlessly, I put in a stop just above my purchase price because I couldn't figure out why it was doing what it was doing.

I was stopped out in January, and I was sorry to see it go.

My sale was a purely mechanical defense mechanism. 

I sold at $1.23.

I've been looking for a reason to buy back ever since and I still haven't found it.

I didn't think it would go this low.

Companies in their neo-natal stage are always subject to volatility and wild price swings based on little more than sentiment. 

Sentiment is fickle, but personally I find this ridiculous. 

I can't see a development in the last 10 months that would explain the stock going from being in tremendous demand at $2.25 to dead in the water below 80 cents.

The only explanation that I can come up with is that there have been no "developments", other than this merger. 

Personally I think this is extremely oversold.

The problem is that stocks can remain oversold for a long time.

Until there's a seriously material development that rouses them.

If one comes.

[sorrenson]

EXRO  has  not met any of the pumped up forecasts and paid themselves millions , not even a tiny percent of forecast. Its nothing but a bill of goods  When production hit they have no buyers of the beans so now they merge with sea which  has delivered 188 of the 15000 forecast   A worse pump than  EXRO . 350 million for  "goodwill " in a company

[Thinkbigsti69]

PUMP and DUMP is all this Tamyflop guy ever does. What a clown and a crook.

[tamaracktop]

"Shareholder "Ask Me Anything": Our next AMA will be tied to the release of our information circular. A link to submit your questions on the merger will be available on March 15th with our plan to post our video replies to these questions on March 21, 2024."

[tamaracktop]

March 19th, 12:26 pm Closed on the low at $0.70 that day. A new 3-year, 6 month, and 29 days low. September 2, 2020. I don't know how high this stock could go, but I know how low. I see a thing coming.

[nedstar71]

It's difficult to say.  Bring a 1 for 10 reverse split and who knows where it will end up, or down as the case may be.  I'm thinking current shareholders may be lucky to hold on to the equivalent of 50 cents a share, but either way it will be interesting to see how the company handles it.  If there ever is any substantial news to give the newly formed merger some traction