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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 Apr 25, 2018 10:01am
38 Views
Post# 27937152

RE:tenfold increase in revenue

RE:tenfold increase in revenueGiven the "orders on the books" and the usual lead time, the headline in three months should be "Tenfold decrease over last quarter".  But we all know that this will not happen.   
A few other notes:  If you do a CTRL-F on their documents, you will note that the much-heralded "Non-NMP" ruse has completely vanished.  The term NMP has disappeared without a trace from all documents.
If a supplier were to force their hand, their liabilities exceed assets by a factor of 2.  The best any creditor could hope would be about $0.20 to the dollar, given the fact that liquidator, "amounts in trust" (payroll etc.) all rank ahead of trade creditors.  If an auditor were involved (as it is the case at year end), the dreaded "going concern warning" would be given. 


Bullboard Posts