Electrovaya Inc T.ELVA

Financial support

[MaterialsMan]

It was made pretty clear in the conference call that borrowed money will be required to maintain production requirements.
ELVA's lenders have increased the credit line according to this mornings announcement.
The financing for the gigafactory involves seperate financing. It will be a big feather in their cap if that financing goes through.
Of significant note in the conference call was the mention that existing manufacturing capacity will support one hundred and thirty million of annual sales. That is reassuring.
This implies that there is not a dire need to get the plant finished immediatly.
Pretty sure it was said that the time factor invoved to ready the plant from its current condition involves months, not years
Sounds like a positive scenario to me.

[Stockholder2008]

If you look at the timing of this loan extension you will see.  It will take 90 days to install the Hi Voltage automated assembly line and $2mil.  The latest presentation says it will be operational by end of 3rd Quarter.  We are now in the 2nd Quarter,  Also the Low Voltage module assembly line Plus the Low Voltage battery pack and test stand will be operational.  Where

[Stockholder2008]

Electrovaya has a Policy.  That is "not to build production capacity without first having a customer for the proposed production".  So with that said I am willing to bet a customer for the HI Voltage battery will be announced next quarter if not before.  A good time for that annaouncment would be some time arround Q2 earnings.  That way it could be discussed at the