Electrovaya Inc T.ELVA

Stopping short sellers

[Borelly]

My broker said that if the stock you own is paid for... not on margin, the stock cannot be loaned out on margin.

Another said, if you put a sell order in for your stock at a high price (dream), it cannot be loaned out.  We can do this!

[Tdcpigc]

Stock drift lower because market consider it is not worth more nothing to do with short sellers

[Borelly]

There are between 400,000 to 500,000 shares being shorted right now.  Those folks have to cover.    We can hold our sales price and force them to pay more than they want to pay. Yes, to some measure you may be right.  I can't control that... But I can fight for the shorts to lose $$$.

[Tdcpigc]

500,000 shares short on 150 millions shares (0.3%), stop focusing on short to explain price decline, just market no appetite for EFL at present, not surprising with poor revenues. Wait Raymond provide them $5-10 millions recurring orders and large e-bus battery order.

[Borelly]

Your argument is fair.   However, with the LOW VOLUME of daily trading, the short sellers are grinding down the price. That's why I'm advocating for sellers to work together to set a price and make the short sellers come up to cover..  

[Tdcpigc]

If you have a strong trust in EFL stock value price decline is not a problem as could be recover very quickly. Remains it is always better to enter close to the bottom, not clear if we reach it or not already, not impossible to see 70 and lower before. Lower the bottom ... better and faster the pull back.

[downwithdotcom1]

only if the rules are followed..and in CANADA they're generally NOT..why ??  a bungled LEGAL definition about NAKED SHORTING followed by toothless and incompentent regulation and inforcement has made CANADA the laughing stock (no pun intended) on this subject. Simple - the rules state that all shorting is supposed to be settled at the end of the day but in CANADA we've added on a

[Borelly]

Thank you for the information.  I will read it.   Naked short selling was the elephant in the room with the GameStop debacle in the US this year.  I'm sure you are aware of the circus that ensued when Citadel Securities CEO and Robinhood's CEO were called to Washington to answer questions from Congress.  It's a loophole that needs to be closed in the US also.