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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.


TSX:ELVA - Post by User

Bullboard Posts
Post by Yedi2on Sep 27, 2016 5:07pm
179 Views
Post# 25283403

Many possibilities

Many possibilities
a large partner or customer who wants to own a license and requires very large growth would be a good way to take the company to the larger size level quickly and also allows for long time holders and founders to sell some shares and enjoy the money a bit and start to manage their taxes in Canada which requires years of steady income drawing to minimize taxes or mabye a trust or something would be established to stretch it out.

Sankar bought 20M shares more than he ever expected when Jacobs sold out the bulk of his holdings since he wasn't going to be involved anymore, very much, since 2005-6.

So i think Sankar would be happy to sell some of this shares in the 3-5 dollar range as that's still a fair value to the buyer if things work out as planned in the years ahead.


Bullboard Posts