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I hope it drops like a rock :)
Huge!
Good for you! I got some but not as many as I wanted. Loves bargain!
I’m a buyer as well. Thought I had enough but, like you, I can’t resist!
And I simply answered and you mocked me.
Well then why would a pre market spread trouble you oh seasoned one???
You sounded like you needed some guidance concerning the spread pre market. Just trying to help a brother out.
Your welcome Capt fearful. Emotions are not good when trading especially pennies. LMAO
Market hasn’t opened
Not sure I would call what’s happening a “dip”, lol. Definitely a buying op, imho. This contrived blood bath will end and the market will rebound in a big way. Trying to time the bottom, which is never easy
All markets are down on fear but I believe EXROF has a seller. If it goes much lower I will once again be a buyer.
So I thought they were closely held! SMH
The Oct placement is now unrestricted, although I do believe they are closely held. I spoke with a person who has been involved in PR for many years and this is the first stock he has ever put his personal money into a private placement.
Enough with the talk, time to show action.
Yes! Now show us the money! :)
Absolutely agree it’s a situation perfect for manipulation. I would not doubt for one second it is a contrived story specifically for that intent. Some stocks will be affected, especially if they are dependent on production from China. I think Apple will get hit hard, which will produce a great buying opportunity. That’s just one example. There will be great buying opportunities in the coming weeks, imo
Today will be a blood bath in the markets. Corona virus is the reason. I think it will affect the big boards more then us. GLTA
We already know News is coming. Our CEO said 8 deals this year before June. 4 announced so 4 more to go.
Always a good sign when your CFO is buying shares! ??
Do SEC laws apply to Canadian stocks? 6 months - 4 months really isn’t a big difference I guess.
I wonder why the releases stated “The Shares will be subject to a four month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.”? Sounds like 4 months not 6
Ie, the placement in Oct is able to enter the end of this month. “$1,485,000 through the issuance of up to 5,500,000 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”). The Offering is expected to close on or around October 28, 2019.”
Yesterday’s placement put 8.5M more in June. We have a float of around 60M, so these additional shares amount to about 30% increase in OS. If we don’t have deals/Rev’s our SP could be impacted. I like this way of raising funds as opposed to other methods, if EXRO keeps moving forward. I understand the need for income in order to expand plus EXRO has significantly increased their monthly nut with all these high level staff additions. I raised that issue when management grew asking how EXRO would pay these salaries. EXRO is at a tipping point but my money is on them.
What confuses me is in the feb 6th news it said “VANCOUVER, BC / ACCESSWIRE / February 6, 2020 / Exro Technologies Inc. (XRO.CN)(EXROF) (the "Company" or "Exro") is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of up to $3,000,000 through the issuance of up to 8,571,428 common shares ("Shares") at a price of $0.35 per Share (the "Offering"). The Offering is expected to close on or before February 20, 2020.”. They raised the 3M, actually 500K more.
Anyone know why this private placement is referred to as the “first tranche”. I know what tranche refers to but why is it called “first”? Will there be a “second” or “third”? Thanks
Exro Closes First Tranche of Private Placement
VANCOUVER (February 14, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce that, further to its news release dated February 6, 2020, it has completed the first tranche of its non-brokered private placement financing and raised $3,510,727 through the issuance of 10,030,648 common shares (“Shares”) at a price of $0.35 per Share (the “Offering”).
The Company has paid Finder’s fee consisting of 7% cash and has issued compensation warrants equal to 7% of the number of Shares issued to investors introduced to the Company by the Finder (each a “Compensation Warrant”). Each Compensation Warrant is exercisable to acquire one common share for a period of 12 months from the closing at an exercise price of $0.42 per share.
The Shares will be subject to a four month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.
The net proceeds raised from the sale of this Offering will be used by the Company to fund development of the Company’s current and new technology programs, the buildout of its new Calgary Innovation Centre, working capital and general corporate purposes.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawfuL
We the few, the chosen :)
Another strong day of sideways trading. Consolidating a firm launching pad for the next leg up. The coil is tightening and about to spring. :)
You think EXROF is a beast now wait till people find out about it!
Up on low volume is a great sign. Big days ahead
Nice post, nice find. Thanks
The team they are forming and the direction they are going is golden. It takes money to make money. They don’t seem to have a problem raising cash. Most stocks sell shares into the market to raise money. EXRO is doing it the right way. We are here very early and on the cusp of revenues. I’m long term and very much looking to the future with EXRO. Patience will pay off in a big way, imho
Raise additional capital? Not sure I like that
Exro Announces $3,000,000 Private Placement
ACCESSWIREFebruary 6, 2020, 5:30 PM EST
VANCOUVER, BC / ACCESSWIRE / February 6, 2020 / Exro Technologies Inc. (XRO.CN)(EXROF) (the "Company" or "Exro") is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of up to $3,000,000 through the issuance of up to 8,571,428 common shares ("Shares") at a price of $0.35 per Share (the "Offering"). The Offering is expected to close on or before February 20, 2020.
The Company has agreed to pay a finder's fee consisting of 7% cash as well as the issuance of compensation warrants (each a "Compensation Warrant") equal to 7% of the number of Shares issued to investors introduced to the Company by the finder. Each Compensation Warrant is exercisable to acquire one common share for a period of 12 months from the closing at an exercise price of $0.42 per common share.
The Shares will be subject to a four-month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.
I actually had a good conversation with someone at the company today. I learned there is a legal issue with the TSX concerning news releases into the US. I know they got the news to show up in Yahoo and a few others. Still working to get into TDAmeritade and others. Definitely a step in the right direction. I also was able to get some insight to what we should be hearing about, direction of company, testing results, etc. All reassuring and exciting. I have a boat load but I think there may be room for more :)
Imagine the impact the news would have if it were released via a legit news outlet? This isn’t even seen in the US other then by those who are already on the email list. SMH
See you just have to complain a little and presto. Works every time.
Exro Enters Emerging Electric Snowmobile Sector
Exro’s technology will be added to optimize range and cost
VANCOUVER, BC (February 6, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) continues to expand into new market segments with a strategic agreement with one of the world’s most innovative manufacturers of snowmobile powertrains.
Under this new partnership, Exro and Finland’s Aurora Powertrains Oy (“Aurora”), which in 2019 released an all-electric production snowmobile: the “eSled”, will work to both increase motor performance while decreasing cost for future production. The partnership will see Exro’s technology being added to the Aurora electric powertrain, a further move to global commercialization of Exro technology.
“We are very excited to now be entering the snowmobile industry, which sees more than one billion dollars of global sales annually,” said Exro CEO Sue Ozdemir. “This is also important as it takes Exro’s technology overseas to Europe and forms a key partnership with one of the transportation sector’s true innovators in the use of electric powertrains.”
“Our company strategy is to strengthen our core competencies and on the other hand create partnerships with world leading technology providers. One step on this is co-operation with Exro, together with them, we are looking forward to working side-by-side to further develop the capabilities of our electric powertrain technology. This is a growing market and we see increased potential with partners like Exro,” said Ari Karjalainen, CEO of Aurora. “We believe this is a global market that will continue to grow as consumers demand low-impact, zero-emission recreation vehicles.”
According to the International Snow Machine Manufacturing Association, the snowmobile sector has a global imprint. In 2018 there were 124,786 snowmobiles sold worldwide. ISMMA estimates the economic annual economic impact of snowmobiling to be $26 billion in the US, $8 billion in Canada and $5 billion in Europe and Asia.
Exro’s Chief Technology Officer, Ari Berger, who is leading the adoption of Exro into sectors such as e-bikes, automotive fleets, the marine industry and others, called the Aurora partnership another milestone in commercialization, “Our partnership with Aurora further proves Exro can be applied and scaled to a wide variety of sectors.”
ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive Officer
CONTACT INFORMATION EXRO
Canada: Jake Bouma
Intrynsyc Capital Corp.
604-317-3936
United States: Vic Allgeier
TTC Group Inc.
646-841-4220
Email: info@exro.com
About Exro Technologies Inc.
Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro's patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. The widespread applications of the technology apply to optimizing the performance of electric vehicles, UAVs, and ship drives, as well as pumps, industrial motors, and energy capture from wind and tides.
About Aurora Powertrains Oy
Headquartered in Rovaniemi, Finland, at the Arctic Circle, Aurora is an innovator in the manufacturing of e-snow machines. It’s mission it to allow people “to ride silently into the wilderness and experience the world around you with all the five senses.
Have fun throttling in the powder with insane instant torque under your thumb. Still leaving the Nature at peace.” It is manufacturing three types of electric snowmobiles to date: The Touring model, with 80 hp, 118 ft-lb of torque and a top speed of 65 mph; The Utility, with 134 hp and 177 ft-lb of torque and a max cruising speed of 60 mph. Both have a range of approximately 40 kilometers and can be fully charged in less than an hour when plugged into a DC Fast charger. There is also a Long Range model in the works, with specifications yet to be announced.
Well thanks for the advice. I plan on being in this one for quite a while. I’m not a trader I’m an investor. If I told you how many shares I own you wouldn’t believe me. I will be the biggest cheerleader and I will speak up when I see something I think is off. I call myself a realist, lol. Here’s hoping we all make serious money in EXROF,
Hey Einstein, Do you know how long I’ve been here? I bought near the low. I was here talking to Sherman and that’s all that were here. I’m up only about 100%, lol. I’ve been trading for 30 years. I tell it like I see it. If you can’t handle truth then put me on ignore. Don’t be so arrogant it’s very unbecoming.