RE:This company lkes to announce production contracts Drunk@noon, I hope you don't rely on this board alone for your DD.
It is good to know other people's opinion and see what is being said about the company (whether good or bad), but be careful...
It is true that this company has a past of announcing deals that end up being only prototypes/tests/projects with no real follow-up. However that has changed (or seems to be starting to change) since the acquisition of Litarion.
Check the news releases this year, read them carefully and between the lines, check the evolution, check the financials and compare them to previous ones, check the latest Conference Call, etc.
One thing that people tend to blatantly omit here when talking about the Q4 2015 results is that, for the first time, the company is profitable. Neither Litarion alone nor Electrovaya alone were ever profitable. People here pound on the fact that liabilities are high, etc. They keep on bringing up negatives and leave out all the positives. No mention of the CDN $27 M contract anounced in September, improvements on the technology, the backing from german research institutes,
The latest changes and moves seem to be going the right direction. But given the history, we all have reasons to be skeptical.
By mid-February, with the Q1 2016 results, we'll get a clearer picture. Maybe they'll make announcements in the meantime.
Nothing at ths point confirms that the company will be successful or will fail... there is more speculation than anything else...
Just my opinion!