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Monthly Progress Report for June 2020.
Link to post:
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=31230751
benduck (134)
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July 06, 2020 - 04:48 PM
79 Reads
Post# 31230751
Monthly Progress Report - June...
https://webfiles.thecse.com/XRO_June_2020_Form_7_final.pdf?aDlLQgfkf8RkOrpOEEZVZ3jIBt0nzIhG
Monthly Progress Report for May 2020.
Link to post:
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=31113281
benduck (125)
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June 04, 2020 - 03:39 PM
131 Reads
Post# 31113281
Monthly Progress Report - May...
https://webfiles.thecse.com/XRO_May_2020_Form_7_Filing.pdf?4tqnvwJSRhKcngKLSBqkbOCgFQxmZMmj
Monthly Progress Report for April 2020.
Link to post:
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30992053
benduck (112)
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39 minutes ago
18 Reads
Post# 30992053
Monthly Progress Report - April...
https://webfiles.thecse.com/XRO_April_2020_Form_7.pdf?rWb7QjEgo.krI.jGqpwfu2C6YqtVsn68
Monthly Progress Report for March 2020.
Sorry about being late posting this. Been asleep at the switch.
Link to post:
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30875330
Post text is from another board.
benduck (108)
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April 03, 2020 - 09:45 AM
69 Reads
Post# 30875330
Monthly Progress Report - March...
https://webfiles.thecse.com/XRO_March_2020_Form_7.pdf?U68CFbeS_j.tsg_55qX2aOTeQ2AJqo_y
Monthly Progress Report for February 2020.
Post text is from another board.
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30764904
benduck (104)
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March 04, 2020 - 09:52 AM
36 Reads
Post# 30764904
Monthly Progress Report - February...
https://webfiles.thecse.com/XRO_February_2020_Form_7.pdf?1Z_u8tBpN5.6vIUgX_WjXsyreSBv9nMd
Monthly Progress Report for January 2020.
Post text is from another board.
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30639268
benduck (94)
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February 04, 2020 - 10:00 AM 11 Reads
Post# 30639268
Monthly Progress Report - January...
https://webfiles.thecse.com/XRO_January_2020_Form_7.pdf?hxSeflPs7K_uIrcpiddwEc9Awz3EOLj
The OS had grown to 70 M shares way back in November. It actually decreased a tiny bit in December.
Monthly Progress Report for December 2019.
OS is 166,000 FEWER shares than last month.
November 2019 report OS: 70,042,744
December 2019 report OS: 69,876,744
Difference: 166,000
Is the company buying back shares?
Post text is from another board.
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30520171
benduck (79)
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January 05, 2020 - 04:20 PM 16 Reads
Post# 30520171
Monthly Progress Report - December...
https://webfiles.thecse.com/XRO_Dec_2019_Form_7.pdf?VAmTjMRXzO5OZmjB9j3jnCxvfWMaQJiO
Probably algorithmic trading. We've seen it before.
When you put in the best bid or ask, 2, 3, 4 other MMs immediately match your bid / ask.
Change your bid / ask and they change right along with it.
Saw the same thing on other stocks also.
Monthly Progress Report for November 2019.
Post text is from another board.
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30424556
benduck (56)
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December 05, 2019 - 10:07 AM 9 Reads
Post# 30424556
Monthly Progress Report - November
https://webfiles.thecse.com/XRO_2019-12_Form_7.pdf?YFu.jY65O.HHI.G3nSPDLrMaiUXKFnF
Good volume on Canadian Exchange.
316,628 thus far, and up 1.47%
Present. Just watching. Not much to say. Waiting for good news.
EXRO Announces Josh Sobil as Chief Commercial Officer
https://exro.com/news/exro-announces-josh-sobil-as-chief-commercial-officer/
November 12, 2019
EXRO Announces Josh Sobil as Chief Commercial Officer
VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro”, the “Company”) is pleased to announce that Josh Sobil will be joining the Company in the role of Chief Commercial Officer and will be responsible for leading Exro’s sales and marketing strategies globally. Mr. Sobil will manage all commercial partnerships and opportunities as Exro expands its product offerings targeting increased efficiencies and better performance in the electric motor industry as well as power conversion in various aspects of the electrification evolution.
Mr. Sobil has over a decade of experience in the power conversion industry, beginning his career with GE as part of the Commercial Leadership rotational program with roles in engineering, commercial management and manufacturing. Rotations centred around GE's large motor business out of Peterborough, Ontario. Mr. Sobil also had roles as Application Engineering for large motor’s in the Mining, Chemical and Oil & Gas sectors, then moved to Sales Manager for Western North America based out of Vancouver, British Columbia. In late 2014, Siemens Canada hired Mr. Sobil to lead the growth of its Mining business in Western Canada. In 2016, he was promoted to National P&L manager for the Siemens Mining business unit. He is a graduate of McMaster University with a Bachelor of Engineering & Management in Mechanical Engineering. Additionally, he is a graduate of GE's Commercial Leadership Program and has an MBA from Schulich School of Business specializing in Strategy & Finance.
Sue Ozdemir, CEO of Exro comments: “We are delighted to welcome Josh to our team as we transition to commercialization. Josh has shown over his career that building relationships with his clients is a key contributor to successfully executing growth strategies. His passion and focus will be a tremendous asset for Exro.”
Josh Sobil, CCO of Exro said: “Exro is embarking on an incredible journey as they make a significant impact on the power conversion sector and I am excited to join the senior leadership team as we commercialize our technologies. Taking innovative technologies to market is my passion and I am looking forward to driving our global sales effort.”
This announcement follows the appointment of Sue Ozdemir as CEO and Darryl Wilson as Chairman of the Business Advisory Board over recent months, underlining Exro’s continued investment in team development, technological innovation and global growth.
Not much changed from the September report except for the financing which we already know about, resulting in:
Number of Outstanding Listed Securities: 69,176,744 (as at October 31, 2019)
Monthly Progress Report for October 2019.
Post text is from another board.
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30326374
benduck (38)
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32 minutes ago 7 Reads
Post# 30326374
Monthly Progress Report - October...
https://webfiles.thecse.com/XRO_2019-10_Form_7.pdf?LIvRuRTnyQ96o6I0cD4qZg3CtgPb773.
And, Meekison, William John bought 18,518 shares today also.
Yep. Good when executives buy their own stock.
Do not know. Would not think so.
And Mark Godsy added 370 K shares today also.
https://ceo.ca/xro
Filed 2019-10-21 12:03
Tx date 2019-10-21 $XRO
Exro Technologies Inc. Godsy, mark
4 - Director of Issuer
Holder: 71171111 (2017) Investments Ltd. (Indirect Ownership)
Common Shares
16 - Acquisition or disposition under a prospectus exemption $99,999.90
+370,370 vol
$0.27 each
Interesting.
US OTC volume only 15,000 and Canadian Exchange volume (probably delayed) is less than 11,000.
It says the shares will not be registered with the US SEC, and cannot be sold in the US. Not sure how that will affect us. I'm sure US pps will stay close to the Canadian Exchange pps.
Because the shares are not registered with the US SEC, a Schedule 13D or 13G will not be required for any trade by this party. I do not know if the Canadian exchange has a similar requirement. Thus we may not know if this party has sold shares or not.
Not knowing anything about finders fees, this one seems pretty expensive to me.
All-in-all this should be a good thing, giving the company money to grow.
185,000 shares bought by the same broker on the Canadian Exchange between 12:55 and 1:06 PM today
https://thecse.com/en/listings/technology/exro-technologies-inc
Date/Time Price Change Volume Buyer Seller
Oct 18, 13:06 0.28 15,000 CIBC World Markets Inc. Anonymous
Oct 18, 13:05 0.28 10,000 CIBC World Markets Inc. Anonymous
Oct 18, 13:00 0.29 0.01 500 CIBC World Markets Inc. Anonymous
Oct 18, 12:59 0.28 10,000 CIBC World Markets Inc. BMO Nesbitt Burns Inc.
Oct 18, 12:59 0.28 19,000 CIBC World Markets Inc. Anonymous
Oct 18, 12:59 0.28 20,500 CIBC World Markets Inc. Anonymous
Oct 18, 12:57 0.28 29,500 CIBC World Markets Inc. Anonymous
Oct 18, 12:57 0.28 20,500 CIBC World Markets Inc. Anonymous
Oct 18, 12:57 0.28 4,500 CIBC World Markets Inc. Anonymous
Oct 18, 12:57 0.28 15,500 CIBC World Markets Inc. Anonymous
Oct 18, 12:55 0.28 9,500 CIBC World Markets Inc. Anonymous
Oct 18, 12:55 0.28 5,500 CIBC World Markets Inc. CIBC World Markets Inc.
Oct 18, 12:55 0.275 -0.005 25,000 CIBC World Markets Inc. Anonymous
Not worried. Lots of companies have to operate with a negative cash flow until their sales grow enough.
EXRO's technology has been tested and proven to work. and they are now beginning to sell it. They recently received a $500,000 order, and should be hopefully getting lots more.
As far as comparing EXRO to the "industrial machinery industry", EXRO has new industry disruptive technology that is greatly needed, and so does not fit into that general industry.
I find it strange that one day you are talking about $5 or $10 per share buyout, and the next day you are raising concerns about the company. Are you a day trader / flipper? Sold yesterday, and now want to buy back in cheaper? I have no problems with day traders, flippers, longs, etc. Everyone has their own method of making money. I just don't care for posts trying to get other traders to buy or sell.
All above is just my opinion.
Best of luck to all.
It is way too early to sell out. They need to ramp up to substantial revenue first, and then sell out for $50 per share or more. JMHO
Mark already co-founded two previous companies and sold them for billions, not millions.
Even $10 per share would be a selling price of only $630,000,000 --- millions, not billions.
Mark Godsy, current chairman and previous CEO bought another 25,000 shares today at CAD $0.295.
https://ceo.ca/xro
Filed 2019-10-15 18:34
Tx date 2019-10-15 $XRO
Exro Technologies Inc. Godsy, mark
4 - Director of Issuer
Common Shares
10 - Acquisition or disposition in the public market $7,375
+25,000 vol
$0.295 each
PPS holding OK. More buys than sells today so far.
Great site. Thank you Flair.
I had actually been there before, but didn't see much. This time I enabled cookies for the site and see all the detail. I keep cookies disabled unless absolutely needed for a site. Also, using Firefox, I only enable cookies for the session (until I close Firefox). I only allow a couple sites to keep cookies permanently, saving them even after Firefox has been closed.
Great. Thank you. Is there a link for that? I would like to save it as a bookmark.
Thanks again.
Changes from last month's report.
The word "Issurer" replaced the word "Company" in a few places.
No increase in OS from last month's report.
Item 2 - following paragraph removed due to old news now.
An initial order has been received from Potencia Industrial for Motor Driver (MD) controllers and Exro will begin initial validation and testing at Potencia’s facilities in Mexico City. Exro expects delivery of the first MD units in the fourth quarter of 2019.
Item 3 - Two new paragraphs which mention the recent PRs we have already seen.
The Issuer signed its first Licensing Agreement with Motorino Electric. Motorino is a pioneer in the Canadian electric transportation industry starting over 17 years ago with its first product launch, and now having doze ns of product s across t he e le ct ric bicycle , e le ct ric scoot e r and e le ct ric mot orcycle cat e gorie s. The Issuer will integrate its ETR (Electronic Transmission Replacement) technology into Motorino’s – CTi e le ct ric bicycle . This bre akthrough technology will result in a significant increase in energy performance. Once ETR is fully integrated into a commercial market application, it will enable Motorino to provide data to Exro’s engineers for further product optimization.
The Issuer received its first production order for Motor Drivers from Potencia Industrial S.A. de C.V., as a result of successful testing of the initial order announced on June 19, 2019. Delivery of the Motor Drivers is anticipated to start in Q1 2020 and will be done in phases allowing the Issuer to ramp up production while optimizing processes.
Item 14 - Two new paragrahs - new stock options granted which we already know about and an exercise of what must have been a previous stock option.
14. Provide details of any securities issued and options or warrants granted.
The Issuer granted incentive stock options to directors, officers, employees and consultants to purchase an aggregat e of 3,075,000 common shares at $0.25 per share for a five year period. The options are subject to vesting provisions.
The Issuer issued 150,000 shares at $0.20 per share upon the exercise of an incentive stock option.
Monthly Progress Report for September 2019. Post text is from other board.
https://stockhouse.com/companies/bullboard/c.xro/exro-technologies-inc?postid=30200008
benduck (21)
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10 minutes ago 7 Reads
Post# 30200008
0
Monthly Progress Report - September...
https://webfiles.thecse.com/XRO_2019-09_Form_7.pdf?J33RP0dzFo7Vt7yN.bCj.Dg3y2G6b0S3
Thanks. Now we need more and bigger deals to get this really moving.
That figures to a PE of 30 or so, by my calculations.
based on the 500k we should be at .23
Is that what you are thinking.
That $500,000 is in the bag. Market looks forward (i.e. even more money), so maybe you are thinking more money and a smaller PE ratio.
Just curious how you came to that pps.
Thanks.
Agree. This is just the very beginning.
Testing is done and has been proven to work as claimed.
Now it can be marketed to everyone and everything else.
PPS of .2658 at this time, is now more than double the 52 week low of .1244
Sure is nice to see continuous day after day steady rise down here in penny land versus the usual spike and crash.
Or there have been leaks about more good news.
the market is reacting late to last weeks news!
Real time L2 if not logged into your trading platform.
https://www.otcmarkets.com/stock/exrof/quote
Great article, well worth the read.
For those not interested in the background and history of energy, just skip down to the part about EXRO.
I wasn't aware of the Northwest UAV partnership, so nice to learn about that. And that was a year and half ago when the article was written.
One clarification. The ROTH tax free IRA is free when you withdraw from it. You still pay taxes on all money you contribute to it,
Also no taxes are due on profits you make by investing, interest, etc.
But, also no tax loss can be claimed if you lose the money in it.
And do your own due diligence and research. I am not a tax advisor. Study the IRS publications and check with your tax advisor.
I’m not a flipper either. It creates a tax headache at the end of the year lol
If you are trading from an IRA account (traditional tax deferred or ROTH tax free), no need to mess with tracking trades, wash sales, etc. Only tax is when you take a distribution from the traditional, tax deferred IRA, and no need to worry about the trades in it. Just pay tax on the amount taken out.
Of course you have to be 59 1/2 before you can withdraw from an IRA. And.... when you reach 70 1/2 there is a RMD (Required Minimum Distribution) you MUST take each year from the traditional tax deferred IRA.
No limits or conditions on the ROTH tax free IRA, other than the 59 1/2 years of age and you cannot withdraw from ROTH until 5 years after your first ROTH account was created.
You can rollover a 401K to an IRA. No tax on rollover to a traditional tax deferred IRA, but add amount of rollover to ROTH account to your taxable income that year --- OUCH.
You can also convert shares and/or cash in a traditional tax deferred IRA to a ROTH tax free IRA. Again add the converted amount to your other taxable income for that year, and if it is your first, newly created ROTH IRA, you must wait 5 years before any withdrawal.
While I am at it a couple other retirement gotchas you don't usually realize until you been there.
Social Security income is tax free, only up to a certain level of taxable income. For fairly low income folks, once they reach a certain level income they start paying tax on 85% of the social security as well. So in essence instead of paying just 10 or 12 percent tax on the other taxable income, they then have to pay tax on the social security income which means they are paying almost double the tax than if they stay below that income level.
And, if you take Medicare part B and D, your premiums go up a lot if your taxable income from two years ago is big. Instead of paying about $160 per month, the cost can run up to $600 or more per month. This is calculated each year using the AGI fro 2 years ago. The increase begins when AGI reaches $85,000 a year. Another reason to get your money into a ROTH IRA. They get you either way --- pay tax now to convert to ROTH or pay tax each year to distribute from a traditional tax deferred IRA.
A friend's tax advisor told him to convert only a couple thousand a year to ROTH to minimize his taxes. He doesn't have much other taxable income.