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Bullboard - Stock Discussion Forum Exro Technologies Inc T.EXRO.WT.A


Primary Symbol: T.EXRO Alternate Symbol(s):  EXROF | T.EXRO.WT

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc > Sea holders exit
View:
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
Comment by Napcoo on Nov 15, 2024 10:27am
CAST: Volvo Group's modular system The Volvo Group and its partners benefit from the Group's modular platform Common Architecture & Shared Technology (CAST). volvo has strict design rules for all trucks including mack, why let mack run wild with sea drive? While other trucks shares the similar eaxles to reduce cost, sea holders where this will end by exiting, or run this to the ...more  
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