Post by
SIMPLICITI1 on Jul 15, 2024 12:08pm
SEA Propulsion Systems Production Update
Anyone else would like the Company to release the propulsion system production numbers from June, please add your request to the several I have made that have thus far been denied.
The reasons for their decision defy any logic from where I sit as a shareholder, but I will let you draw your own conclusions from the response you receive.
FACT:
On June 13th EXRO announced production for April and May. They also provided guidance of 250 or more units by end of Q3 "(September 30th).
So, what is wrong with the Company providing the numbers for June? Wouldn't it be nice to see that EXRO continues on track? Afterall, making that number in such a short window requires an increase in daily output. They wouldn't have committed to the number if they couldn't make it would they?
Apparently such a press release is deemed an inconvenience and is counter to their new "less frequent and more comprehensive plan"
The problem with the new policy which bundles all info into the quarterly report is that we will not know about June until August 14th and the 250 until mid November.
So, rather than take but a few minutes to issue a simple press release that contains a single number and a few sentences supporting it, they have chosen the "big company" path of "comprehensive" quarterly reports.
Missing the opportunity to deliver positive news when the stock is in its current condition defies all logic. I can only surmise that June did not go as planned and the ramp up is running behind.
EXRO doesn't have a lot THEY CAN talk about apparently. One can only imagine the logic that went into this considered decision that lets the shareholer sit and wonder and the share price just.....sit.....