Conference callI have listened to lots of confernce calls from various CEOs over the years and I have to say that this was the least professional that I have ever heard. With only a single analyst on the call, it starts with Dr. Gupta talking about the lovely weather......followed by him interjecting occasionally with some bullish or extravagant comment, as the CFO tries manfully to answer simple questions about the business, but fails to shed any light on the most significant issues. Ignoring the fact that there was zero discussion about the failed revenue/profit projections and the fact that there was zero discussion about the OSC involvement, there was precious little to explain why gross margins were abysmal or when they might become positive. There was no real discussion about the troubling cash situation, except for vague references to future potential additional debt or another equity raise. Obviously, the CFO is trying to manage working capital and cash by burning through inventory, but cash burn sustained at the rate seen this quarter will be very difficult to sustain. However, jolly Dr. Gupta is upbeat as always. "Revenue up vs last quarter" (ignoring the fact that it was way lower than two years ago, massively off projection and led to a minus 33% gross margin in the quarter). "Biggest battery R&D team in Europe or America" (bigger than all the giant multinationals?). Despite all of this, the abiding memory for me on this call will be the little laugh he gave when describing the appointment of one of the Electrovaya people to a government advisory board. "He will give them the correct advice. Hahaha" Maybe it was just me, but it sounded incredibly seedy, telling me everything I need to know about this man. As previous commentators have said, it is a shame that decent retail investors are drawn in by this long running saga of unfulfilled promises. I used to think it was just incompetence, but I fear that, in addition to stupidity and nepotism, there is a moral vacuum at the centre of this company.