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All good and necessary. Let the flippers flip, those who hold long term will reap great benefits
All good and necessary. Let the flippers flip, those who hold long term will reap great benefits
Agree 100%
Remember, test results fur any day! ??
Low volume no more! And the scary part is, we haven’t even started to move yet. Clear skies ahead!
Yes, with low volume. Very nice
Futures up big this morning. Would be a great news day!
EXRO always has to increase their offering to meet demand. The future is very bright for us, imo
Exro Announces increase in Size of Unit Offering Led by Gravitas Securities to $8,000,000
Vancouver, British Columbia (June 25, 2020) - Exro Technologies Inc. (CSE: XRO) (the “Company” or “Exro”) is pleased to announce that due to investor demand, it is increasing the size of its previously announced offering (the "Offering") of units of the Company ("Units") from Cdn $5,000,000 to Cdn $8,000,000. Exro filed a preliminary short form prospectus (the "Prospectus") with respect to the Offering on June 23, 2020.
Each Unit will be offered at a price of $0.70 per Unit for gross proceeds of up to Cdn $8,000,000. Each Unit will consist of one common share of the Company (a “Unit Share”) and one-half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company (a “Warrant Share”) at a price of $0.90 per Warrant Share for a period of 24 months following the closing of the Offering, subject to certain acceleration rights of the Company.
The Offering is being conducted on a commercially reasonable efforts basis by Gravitas Securities Inc. (the “Agent”) in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario (the “Offering Jurisdictions”). There is no over-allotment option for the Agents to increase the size of the Offering.
The net proceeds from the Offering will be used for further research and development of the Company’s intelligent battery management system, micro, light and commercial electric vehicle programs, marketing, capital investments and general working capital requirements. Proceeds from the additional increase in the Offering will be added to general working capital requirements.
The Company has applied to list the Unit Shares and the Warrant Shares on the Canadian Securities Exchange (the “CSE”). There is no established trading market for the Warrants and the Company does not expect a market to develop. A copy of the Prospectus is available under the Company’s profile at www.sedar.com or by request to Gravitas Securities Inc. at vancouvergsiib@gravitassecurities.com. The Offering is subject to certain customary conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE and the issuance of a receipt for the Company’s final prospectus by each of the securities commissions of the Offering Jurisdictions.
Can’t go wrong at these prices, imho
Nice close today. Volume is once again anemic. Holding strong which is a great indicator against low volume. We have a great new launch pad for next leg up.
Finally! EXRO putting out releases on a real news wire! Showing up in USA!
https://www.globenewswire.com/news-release/2020/06/16/2048764/0/en/Exro-Technologies-Inc-CEO-Highlights-Company-s-Smart-Coil-Switching-Technology-a-New-Brain-for-Electric-Motors-Discusses-Recent-Milestones-and-Corporate-Goals.html
And the partnerships keep growing!
Zero Motorcycles-Exro Technologies to Collaborate in Developing Advanced Coil Drive Powertrain for the Electric Motorcycle Market
Advancing commercialization of coil drive technology in the mobility space
VANCOUVER, B.C. (June 15th, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce it has initiated a collaboration agreement (the “Agreement”) with Zero Motorcycles (“Zero”) to evaluate Exro’s patented coil drive technology using Zero’s SR/S powertrain platform.
Zero is a world leading developer of electric-powered motorcycles offering a superior riding experience. The company's motorcycles are optimized from the ground up to leverage the revolutionary Z-Force powertrain which uses specially designed components to minimize weight, size, and complexity, thereby providing riders with bikes that are lightweight, efficient, and provide superior performance.
“We are excited to work with Zero on this development,” said EXRO CEO Sue Ozdemir. “The ZF75-10 design is already an elite motor and, in partnership with Exro, there are opportunities to elevate the powertrain performance even further. This partnership is another step in the commercialization of our technology, and we look forward to delivering.”
In entering this agreement, the companies will collaborate to integrate Exro’s coil drive technology into a Zero ZF75-10 based motorcycle. The agreement will involve motor technology and integration support from Zero, while Exro will provide power electronics design and supply.
“Zero is continually focused on innovation for our products,” said Ryan Biffard, Technical Lead for Powertrain Development for Zero. “We’re excited to work together with Exro to evaluate possible further enhancements to the performance of our bikes.”
About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor control technology, our “Coil Driver”, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of the technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduce weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.
ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive Officer
CONTACT INFORMATION
Canada: Jake Bouma
VP of Investor Relations
604-317-3936
United States: Vic Allgeier
TTC Group Inc.
646-841-4220
Email: info@exro.com
LMAO! I hope it stay compromised
Ha ha. It’s Not for the weak
I’m telling you that’s what happened. Believe it or not that your choice. I’ve never had the pleasure of conversing with you in the past so I know you can’t be accusing me of making a fool out of you. If you bought in the .30’s and .40’s what’s the problem? EXROF will be fine, come back in 6 months and see where we are trading. Maybe 3 months. Take care
They didn’t need to “apologize” for anything, they needed to say there was no material reason for the SP increase. I’ll take Sue any day, she is the real deal and will take EXRO far. Have you done any DD on Exro? If you haven’t shame on you. If you bought into a run, shame on you. Quit blaming others and be accountable for your own decisions. If you hang in there you will be more then fine, if you bought high and panic sold then learn from it.
Im not sure how to even address your childish rants. What happened yesterday was a combo of immature traders and MM’s controlling the SP. in case you don’t know we are in penny land, and this happens ALL the time. Usually the price plummets to values below where the run started. Not the case here. We have a new base which should make you very happy. A chart that goes straight up comes straight down 99.9% of the time. What you want is a chart that looks like steps. Sue is a stand up person who does nothing but work to further EXRO. EXRO is very fortunate to have her and the management team they have assembled is stellar. EXRO will far exceed the run of yesterday. The CSE forced them to make that statement. CSE is very strict and if they hadn’t said that the CSE would have halted the stock. So quit whining, put on your big boy pants and average down. You will be fine in the long run. GLTA
As I said I think the denial was a smokescreen to appease the CSE. Just a gut feeling
More than happy at where we are holding. I not a gap believer when it comes to these penny’s, but it does seem to happen lol. We are forming a great new base imho. I do believe, inspite of the denials, that there is a reason for the recent interest. I think we will find out sooner then later. GLTA
Ha ha ha
Depending on news. We definitely will have a new base
What’s she look like and how much you asking??? ??????
That’s why I never buy into a run. I sold shares at $1.08 which means someone bought at $1.08. We will easily surpass $1.08 in the near future imho, so people will have to hold to break even. Life in the stock world.
Got our answer:
“They received a call earlier today from Canadian regulators (IROC) about the activity this week so they had to address publicly through a PR. “
It seems like they are going out of there way to get that message out. Maybe something is in the works??? Hmmm
I’m kinda of looking at this PR with Sherlock Holmes glasses. Anyone else have raised eye brows? And I don’t mean in a negative sense by any means.
Exro Technologies Inc. is Unaware of Any Material Change
VANCOUVER, B.C. (June 10th, 2020) – At the request of IIROC, Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro” or the “Company”) wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity in respect of its common shares.
About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor control technology, our “Coil Driver”, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of the technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduce weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.
For more information visit our website at www.exro.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive Officer
CONTACT INFORMATION
Canada: Jake Bouma
VP of Investor Relations
604-317-3936
United States: Vic Allgeier
TTC Group Inc.
646-841-4220
I don’t know about others but I did not “dump”. I always try to get my initial investment back and had been looking for an exit point. I was here early and started buying around .15. I still own a boat load and will be looking for multiple dollars. Nothing has changed, it’s all good.
I was hoping for something
Exactly! Never look back. After I heard her say there was nothing she could report to justify the price increase I sold some at 1.09. I knew that wouldn’t go over well. I pulled out my initial investment and some but still hold a boat load and am not worried one bit. If you told me a week ago we would be in the .70’s I would have done back flips. It’s all good IMHO
Yes and as soon as the call ended the SP started going down
It has to consolidate. If we hold 80’s or move back into 90’s we are good. Unfortunately Sue said she had no reason to give for recent climb in SP other then spreading the word by management. Remember this a pink sheet stock controlled by the MM’s. GLTA
Shake shake shake
Just getting started! :)
I agree. Green on a down day is a great sign. EXROF is a beast
Welcome Gath! Green is good :)