written by reader Exrof making moves

By rlevine99, June 9, 2020

I was very intrigued by the little 20 million dollar company that was “threatening” tesla. I purchased Exrof at 37 cents and it sat for a bit and now has gone up about 8-10cents per day for past 6 sessions and now at 92cents.
I see the CEO is speaking at a summit this week but no news otherwise to explain the surge. Was half expecting a tesla aquisition but not a peep. Has anyone else been following and or profiting?.

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richard levineTravis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe

I would imagine that’s just because of more investor attention flowing into a microcap stock — has often happens with this one when Tesla is in the headlines and they trot out the story again. They did a fundraising to keep things going, but otherwise it’s all really still-nebulous talk about partnerships that have yet to generate any revenue or real product introductions.

Might work out in the end, I have no idea, but I’d be prepared to be very patient if you’re a believer in the technology.

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richard levine
richard levine

I certainly defer to your perspective of this scenario as i am sure you have seen many of these. I did find it very refreshing that the CEO stated that there was no material reason for the stock to have spiked prior to her presentation. They now have a number of contracts but you are correct that hasnt changed the revenue line. At first their contracts seemed bizarre and random but according to the CEO they are intentionally reaching out to different industries to prove the size and scope of the products application. Hence, a taxi company, a boat company,… Read More »