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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 GerritEtmanson Feb 25, 2012 11:41pm
297 Views
Post# 19586625

I would sell the stock...

I would sell the stock...

...if I still had any.  The financials will be out in two weeks time.  They will reveal a bleak picture: Hardly any more revenue from Chrysler, no revenue from APS yet, as this stuff was shipped after Dec. 31.  Contrary to what Vestmed claims, they are not hiring.  Instead, they laid off some more stuff (at least a dozen, I hear) in the last two months.  I expect that even "non-GAAP" accounting will not be able to present a profitable picture.  I know, I will be called a basher.  Let's wait until the publication of the financials . . .  Kick me in the nuts if I was wrong.  Hold your fire until then . . .

Bullboard Posts