Too Good TO BE TRUE OR HIDDEN GEM?
WEALTH DAILY is touting an unbelievable opportunity! “New Tech will Overhaul
Every Electric Vehicle on Earth” This Canadian company I believe to be Exro Technologies Inc.(EXORF). This company has disruptive technology that has recently won substantial awards! It has been flying under the radar but may
have tremendous potential! It has an excellent management team and growth plan. I would be interested in others opinions as the potential in the Ev and Energy storage sectors!
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Haven’t looked at that one in a long time, it was being teased by Alex Koyfman back in 2018. I guess there’s a ray of hope in that they recently reported their first bit of revenue since 2016, and they were able to raise $9 million in a private placement a couple months ago, but it’s still awfully speculative — they’ve now raised about $70 million in stock sales over the past two years and would be on pace to chew through that latest cash infusion before the end of 2022.
It’s always fun to imagine what these companies could become, but it’s also easy to use too much imagination — what is the company saying about current orders and the pace of their five-year-long push to commercialize their technology?