RE: Electrovaya Q2 results are great! Vara: Please explain where you see greatness. Specifically, please explain why you love recognizing revenue before delivery, why a net cash reduction of $1.7Million in 6 months turns you on, and why you are enamoured with a Net Loss for the period of $587,000 after accounting for government assistance of $271,000.
A while ago, I said I would consider moving back into the shares at
.70. I changed my mind and I will hold out for
.56 (an enterprise value of $40 Mill).