Exro Technologies Inc T.EXRO

New Press Release - Exro Announces Interest Payment on Convertible Debentures

CALGARY, AB, June 24, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, today announced interest payment...read article.

[Pandora]

Well we got a news release -- not sure it's the one people expected - or wanted. Issuing shares -- not unlike the government printing money.

[Napcoo]

At least we know the company is short of cash and the refinance with the major lenders with better rate did not happen. The contracts on hand is sure not great or else banks will have no problems lending

[sorrenson]

 "a leading clean technology company," LEADING hahahahah  Good news the 1.7 million shares is a drop in the ocean  of dilution 

[Napcoo]

Worst scenario is $30 mln raise coupled with ul at 50 cents, push SP to 40 cents or lower. There's simply no good news a month or two

[sorrenson]

2 million shares worth of shorters are enjoying the news or lack there of 

[jboom70]

Only $15 mil raised where does that get them to? Fall? 12% interest rate is high also. Sue keeps doing these little raises getting the SP in bigger and bigger trouble. Horrible mngt with her sky high wages. This company is doomed.