RE: Toyota ($20,785) or EFL Maya-100 ($70,000)?Juggernaut/harvard grad who ever you are this week.
I for one don't think electrovaya is going to mass produce the maya100 never said they would...
Having read their financials not reality in the near future is it..
Of course not being in management who knows what their paln is.
IMO we'd be lucky if they made 10 cars this year.
Sankar Das Gupta said they are looking for individuals with vision and money to buy the over priced maya 100..
To help the environment..
In time the price will drop as demand increases..
They hope to get the final cost at 10% above a regular vechicle.
Do a search and you will find the letter..It was written to an ev enthusiast...
Coughlc won't it be great to be CEO and have 25million shares. Don't understand why they refuse to believe THEIR A BATTERY COMPANY!!
Sell batteries..Sell batteries...Sell batteries..
A 50% increase on next to nothing in revenue doesn't get me excited.
For the record I am long EFL..Bought some more last week..
But now unless they show me the money(revenue) I will not add a share to my position..
I'm a patient investor but who knows for how long..
Amazing how a company with such exciting products can be so boring...
Might have to cover this bet with valence batteries..
I like the jan12 new release they put out..
And now back to my hibernation waiting for efl to DO SOMETHING!
The spiral down and flat line in share price isn't good for longs or shorts IMO.