Ok, may be we can answer some of the raised questions ourselfs with some old pony tricks...

It is highly speculative, again highly speculative - but I am trying to get a picture of options...

just let it sink in (this is the summary of last years MOU):

Electrovaya Announces MoU with Asian conglomerate

if no additional shares are offered, the A. C. has to purchase on the open market (cheaper if the stock price stays low)

If additional shares are offered - equity goes into EFL (lower price, 100 days average - gives a cheaper purchase price) - are there any information about issuing rights with regard to the MOU? - Possible indication of liquidity inflows?

The A.C. would use EFL technology for a variety of customers, hence would sell EFL products as "own" products to customers .... mmmh, who could that be??? Siemens? Renault? Daimler/Smart? WE DO NOT KNOW - but have a glimpse on the Nov 5th slide ;)

Then there is this India Tata thing, EFL as well as LG Chem are involved...
http://www.just-auto.com/news/tata-and-lg-in-component-supply-talks_id150582.aspx

And finally, we have a supply and procurement relationship, manifested within the MOU... Does this change our position in working capital... probably... would be good to know who this A.C would be...

Excited!