RE:Site say EFL has 74% Probability of BankruptcyI like to keep electrovaya in perspective, and i do this by using comps. I would say the most accurate comp is cbak. cbak has struggled as much as electrovaya, and is currently hovering around 52 week low. They have been losing money for as many years as electrovaya. They subcontract out, as they complete thier lithium battery factories which should be about now. Agin i like to look at the positive until every last penny is gone, but do you think their could have been forsight on behalf of electrovaya that kamez would fail, which is possibly why they didnt pay rent, and or have the factory operating. The sourcing of lithium batteries is huge, for example Tesla powerwall and panasonic. Could have electrovayas insight to the battery market i8n a sense, have essentially drawn them to give up on litirion, and look closer to sourcing. I guess we find out some more info tommorrow.
I feel like we may have an oppertunity to rebuild....we have a nice low stock price, a few equity investors, and a fuc7ing massive market......biggest market to ever exsist....