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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
Comment by GerritEtmanson Jan 28, 2018 3:14pm
65 Views
Post# 27450412

RE:This is all about unscrupulous promotion

RE:This is all about unscrupulous promotionYou are right on all points.

Here's how this may play out:

Due to the massive trade debt, the useless inventory and the inability to push the payroll onto the government dole just yet, Litarion will go into liquidation.  If the corporate construction permits it, rest-EFL may not need to put the cash from the sale of the PPE in Canada against German liabilities.  
Rest-EFL will need to move out of 2645 Royal Windsor in Mississauga.  They only have 15 employees, so any back-yard tent will do.  BUT: there may be some Canadian cash left.  That's why there was some interest above the $0.40 level.  However, those who purchased shares at that level forget the extraordinary ability of the DasGuptas to bake pies-in-the-sky, without proper ingredients.  The Leopard cannot change its spots, and Sankar can't create value.  Therefore, the true  share value of the organisation after the cashless liquidation of Litarion is its "cash at hand", divided by about 100 Million shares.  I'd give it $0.05 or so.
Bullboard Posts