http://www.marketwatch.com/story/electrovaya-announces-additions-to-its-management-team-2013-06-27-8160507?siteid=bigcharts&dist=bigcharts

Rakesh Bhola has been with the company since 1987, as you see in the attached document he was part of the recent management shuffle. I don't think there has ever been any insider buying on the open market for electrovaya. I believe that is due to their compensation packages which include large option provisions. The sale of 30,000 shares from a person who probably owns well over a million shares or options is not too concerning on it's own. My concern it why would you sell shares if you expect the SP to increase in the near future, if you needed money for whatever reason I would think you would be better off even borrowing if indeed you expected a major increase in the SP. But we have no idea what is going on in his world so we will have to just monitor the situation closely. Generally an isolated sale like this is not too concerning.