The latest new thingEXRO is a small company that has reinvented the wheel. They say they have a new electric engine that is 90+% efficient. It is scalable so possibilities are unlimited. Ticker is EXROF. Check out their story and see what you think.
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Haven’t covered that one since the days when it was a real penny stock five years ago, nice blast from the past. Looks like they’ve gotten a bit more “real,” particularly by raising C$40 million in 2020 to ramp up operations. They’re still having to raise money pretty steadily, so they may be pretty fragile if we have an extended downturn, and they still don’t really have any revenue (they did have sales for the first three quarters of 2022, but in the range of C$30-40,000/month, I expect they would have to scale those sales to at least $10 million/month to have a chance of covering their overhead and operating expenses) — are any of their R&D collaborations or projects close to becoming commercially viable?
Thanks for your reply. Angel Publishing is pushing it as if they have irons just about ready to take out of the fire.