Exro Technologies Inc (EXROF)

[Gator532]

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.