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Message: Follow the money

While focusing on these new contracts and what they mean for the balance of this year and next is all well and good, one needs to ask why is Electrovaya valued at less than $100 million CND? Electrovaya just acquired a company the is state of the art and was built at the cost of hundreds of millions, has no debt, has an electrode separator that is as good or better than anything on the market (almost 300 hundred patents), a profitable contract with Daimler and really could not have acquired Litarion any cheaper. As some have already stated give it time, Electrovaya acquired the company less than two months ago and has already signed meaningful contracts and is in the process of hiring staff in both Canada and Germany. This is all good for the cheerleader group, but the professional group is looking at the fact that the profitable contract with Daimler is probably in itself is not sufficient to make payroll let alone keep the lights on. As much as the company has done it is not enough, as evident by the value the market has placed on the company. I know this is not what the people on this board want to hear or think about, but maybe you should, questioning your convictions can be healthy.


Jun 08, 2015 10:55AM

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Jun 08, 2015 06:43PM
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