RE:Thanks, GerriEtmans. Impressive analysis of situation.I would echo the thanks to Gerrit for his analysis. I suspect that not everyone wants to hear about the risks associated with their investment, but it really is a worthwhile public service. I haven't yet had time to really dig into the Q4 financials, since they are buried within the 2015 annual results, but I have to say that I was surprised to see Sales and Marketing cost being negative $53K (how is that possible?)and the G&A cost being less than 3% of revenue. I don't think I've ever seen a similar company with such low reported ratios......so it merits further investigation However, I did run across this paragraph: "Its planned to implement the Electrovaya-patented Process of NMP-free production together with a new Cell technology. The approximated costs will be 5,000 and the project time will be 3 years. The project did not yet start but will be applied for at the SAB-Bank within the following quarter. The funding rate is not yet fixed". I'm pretty certain this is a 5M Euro ($7.5M) project which they are asking other people (again) to subsidize. One might conclude that the "low cost" NMP free factory won't be up and running in the near future.