Electrovaya Inc T.ELVA

RE:RE: EFL, PAD silicon anode good complement

[tacodude]

PAD up 67% as new silicon palyer, wow!

[StevePoxon]

Regardless of the short term, I read the package that arived yesterday where they seemed to be focusing their eforts on a 4 to 1 or 5 to 1 stock consolidation.  This never goes well for the street holders of the stock.  

[FroyleRL]

There is something I don't get about the consolidation threat. Electrovaya may be looking to be list on NYSE and/or NADASQ and they require 1.1 M or 1.25 M shares publicaly held. At the moment they are at 1.32 M. Consolidation would bring them away from this requirement..

[watch22]

what? EFL has 136 million shares outstanding... take away the 51 million held by Gupta and you have a trading float of 81 million shares. not sure where you get the 1.32 million?  Seems overly precise and precisely wrong...

[onlygame]

Reverse consolidations usually don't go well. Very popular in the garbage mining sector penny stock status that go through so many financings to stay afloat, they have a huge float in the hundreds of millions of shs. EFL has a reasonable float at 136mil shares. If they do a 5:1, they'll only have approx 27mil float minus Das Gupta's 10 mil. That will be way WAY too small and nowhere