Post by
Napcoo on Nov 15, 2024 10:03am
Sea holders exit
The merger paid sea holders of 153.8 mln common shares and 168.7 mln preferred shares.
According to exro, 68 mln preferred shares were converted into common shares and sold after restrictions lifted on Oct 2nd, what they didn't say is the 153.8 mln common shares, some of them were probably sold already
The selling pressure is still high, with $31 mln account payable, $14 mln cash, $30 mln expenses per quarter, $147 mln debt, the possibility of imminent raise, exro has to find a lender with high interest rate fast, with no hope of borrowing from banks
Comment by
sorrenson on Nov 15, 2024 10:09am
And no hope of selling any products or the company to our latest OEM "partners du jour " No one wants our magic beans