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Sooo, is Tesla doing it at all? The cars likely need to be designed for it like hand drill batteries for easy swaps. I have no idea how long a Tesla swap takes.
Hi DewmBoom, Thanks got your PM, I am on free acct so can not respond. But yes very unknown and on debt after getting rid of the $15 million on conv debt this spring think now it is very low debt. That was the one big danger but it is gone now. Here is the April PR on that: https://www.bloomberg.com/press-releases/2020-04-08/electrovaya-amends-terms-of-outstanding-debentures
Cheers
Which EV stock up the most this week?EFLVF
It is forklifts not cars, but in same general sector, electrical vehicles.
Snips from Seeking Alpha Article: Electrovaya The Tesla Of Forklifts Gets Game Changing Walmart Repeat Order
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
NIO has $1 billion in revenue and $17 billion is market cap, the P/S = 17 and it has a negative $1.26 EBITDA.
NKLA has $417 million in revenue and $19.5 billion market cap, the P/S = 47 and it has a negative $84 million EBITDA.
TSLA has $26 billion in revenue and $286 billion market cap, the P/S = 11 and it has a positive $3 billion EBITDA.
EFLVF has a $46 million market cap after the stock more than doubled recently (and went up even more as this article was finished) and has a $22 million revenue run-rate so the P/S = 2 and they say in the Conference Call above the Q just ended should have positive EBITDA.
Conclusion:
What does this all mean? Probably in the Q that will come out next, ending June 30, they will double sales and go positive EBITDA. This is a Tesla/NIO/NKLA like story. In fact EFLVF is growing much faster than Tesla and is in the same lithium battery conversion of vehicles segment. If you compare the financial metrics Electrovaya clearly wins as a better value.
And remember that Electrovaya gets about 50% as much for their batteries as Tesla gets for the battery and the car on their new model. Yet it is so much simpler and lower investment to just make the battery. Tesla literally uses generic flashlight batteries (check it out yourself), but Electrovaya has patent protected and much more high tech batteries that they manufacture.
This may explain why on heavy volume EFLVF has gone up more than 60% in the last week. How I see it is that if they pull off their short term prediction of doubling revenue sequentially again, which is likely as they delivery Walmart, the stock is a setup to 10 bag from its base of $.15 without ever having to succeed at reaching $50 million or $100 million. If it does reach $50 million in sales then it could become a super darling stock and 25 bag or 50 bag. This is all possible because the market cap is so tiny now.
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
Swapping batteries has always made sense to me, that way as fast as gassing up.
Which EV stock up the most this week?EFLVF
Snips from Seeking Alpha Article: Electrovaya The Tesla Of Forklifts Gets Game Changing Walmart Repeat Order
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
NIO has $1 billion in revenue and $17 billion is market cap, the P/S = 17 and it has a negative $1.26 EBITDA.
NKLA has $417 million in revenue and $19.5 billion market cap, the P/S = 47 and it has a negative $84 million EBITDA.
TSLA has $26 billion in revenue and $286 billion market cap, the P/S = 11 and it has a positive $3 billion EBITDA.
EFLVF has a $46 million market cap after the stock more than doubled recently (and went up even more as this article was finished) and has a $22 million revenue run-rate so the P/S = 2 and they say in the Conference Call above the Q just ended should have positive EBITDA.
Conclusion:
What does this all mean? Probably in the Q that will come out next, ending June 30, they will double sales and go positive EBITDA. This is a Tesla/NIO/NKLA like story. In fact EFLVF is growing much faster than Tesla and is in the same lithium battery conversion of vehicles segment. If you compare the financial metrics Electrovaya clearly wins as a better value.
And remember that Electrovaya gets about 50% as much for their batteries as Tesla gets for the battery and the car on their new model. Yet it is so much simpler and lower investment to just make the battery. Tesla literally uses generic flashlight batteries (check it out yourself), but Electrovaya has patent protected and much more high tech batteries that they manufacture.
This may explain why on heavy volume EFLVF has gone up more than 60% in the last week. How I see it is that if they pull off their short term prediction of doubling revenue sequentially again, which is likely as they delivery Walmart, the stock is a setup to 10 bag from its base of $.15 without ever having to succeed at reaching $50 million or $100 million. If it does reach $50 million in sales then it could become a super darling stock and 25 bag or 50 bag. This is all possible because the market cap is so tiny now.
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
Which EV stock up the most this week?EFLVF
NIO has $1 billion in revenue and $17 billion is market cap, the P/S = 17 and it has a negative $1.26 EBITDA.
NKLA has $417 million in revenue and $19.5 billion market cap, the P/S = 47 and it has a negative $84 million EBITDA.
TSLA has $26 billion in revenue and $286 billion market cap, the P/S = 11 and it has a positive $3 billion EBITDA.
EFLVF has a $46 million market cap after the stock more than doubled recently (and went up even more as this article was finished) and has a $22 million revenue run-rate so the P/S = 2 and they say in the Conference Call above the Q just ended should have positive EBITDA.
Conclusion:
What does this all mean? Probably in the Q that will come out next, ending June 30, they will double sales and go positive EBITDA. This is a Tesla/NIO/NKLA like story. In fact EFLVF is growing much faster than Tesla and is in the same lithium battery conversion of vehicles segment. If you compare the financial metrics Electrovaya clearly wins as a better value.
And remember that Electrovaya gets about 50% as much for their batteries as Tesla gets for the battery and the car on their new model. Yet it is so much simpler and lower investment to just make the battery. Tesla literally uses generic flashlight batteries (check it out yourself), but Electrovaya has patent protected and much more high tech batteries that they manufacture.
This may explain why on heavy volume EFLVF has gone up more than 60% in the last week. How I see it is that if they pull off their short term prediction of doubling revenue sequentially again, which is likely as they delivery Walmart, the stock is a setup to 10 bag from its base of $.15 without ever having to succeed at reaching $50 million or $100 million. If it does reach $50 million in sales then it could become a super darling stock and 25 bag or 50 bag. This is all possible because the market cap is so tiny now.
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
new deal with Maverix so FDV nugget mining will resume.
In Article: Comparative Values?
NIO has $1 billion in revenue and $17 billion is market cap, the P/S = 17 and it has a negative $1.26 EBITDA.
NKLA has $417 million in revenue and $19.5 billion market cap, the P/S = 47 and it has a negative $84 million EBITDA.
TSLA has $26 billion in revenue and $286 billion market cap, the P/S = 11 and it has a positive $3 billion EBITDA.
EFLVF has a $46 million market cap after the stock more than doubled recently (and went up even more as this article was finished) and has a $22 million revenue run-rate so the P/S = 2 and they say in the Conference Call above the Q just ended should have positive EBITDA.
Conclusion:
What does this all mean? Probably in the Q that will come out next, ending June 30, they will double sales and go positive EBITDA. This is a Tesla/NIO/NKLA like story. In fact EFLVF is growing much faster than Tesla and is in the same lithium battery conversion of vehicles segment. If you compare the financial metrics Electrovaya clearly wins as a better value.
And remember that Electrovaya gets about 50% as much for their batteries as Tesla gets for the battery and the car on their new model. Yet it is so much simpler and lower investment to just make the battery. Tesla literally uses generic flashlight batteries (check it out yourself), but Electrovaya has patent protected and much more high tech batteries that they manufacture.
This may explain why on heavy volume EFLVF has gone up more than 60% in the last week. How I see it is that if they pull off their short term prediction of doubling revenue sequentially again, which is likely as they delivery Walmart, the stock is a setup to 10 bag from its base of $.15 without ever having to succeed at reaching $50 million or $100 million. If it does reach $50 million in sales then it could become a super darling stock and 25 bag or 50 bag. This is all possible because the market cap is so tiny now.
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
$EFLVF up 75% this week very heavy volume, and a reason for it. This Seeking Alpha article covers it
Electrovaya The Tesla Of Forklifts Gets Game Changing Walmart Repeat Order
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
A snip:
Summary
Electrovaya manufactures and sells Lithium battery packs for forklifts. It is a huge market and is converting away from Lead Acid batteries.
Electrovaya manufactured Lithium batteries have ceramic separators backed by over 100 patents. They never catch fire and have other advantages such as extreme cycle life.
Electrovaya converted a Walmart warehouse 100% to its batteries then in late 2019 got another $7 million Walmart order to convert two more warehouses 100% to Electrovaya.
Electrovaya predicts a 100% increase in sales this Q and profitability. The market cap when this article was started? Only $18 million. Seems an excellent setup for a 10 bagger.
Electrovaya (OTCQB:EFLVF) is an unknown stock and company, yet to call it the "Tesla of Forklifts" is accurate. They are the leader in Lithium forklift batteries. When I started writing this article in a word processor in March it was .15 and my average cost about the same, which works out to about an $18 million market cap. On 7-10-2020 it went over $.35 already a 2+ bagger. To go to $1.50 seems possible due to several factors.
$EFLVF up 75% this week very heavy volume, and a reason for it. This Seeking Alpha article covers it
Electrovaya The Tesla Of Forklifts Gets Game Changing Walmart Repeat Order
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
A snip:
Summary
Electrovaya manufactures and sells Lithium battery packs for forklifts. It is a huge market and is converting away from Lead Acid batteries.
Electrovaya manufactured Lithium batteries have ceramic separators backed by over 100 patents. They never catch fire and have other advantages such as extreme cycle life.
Electrovaya converted a Walmart warehouse 100% to its batteries then in late 2019 got another $7 million Walmart order to convert two more warehouses 100% to Electrovaya.
Electrovaya predicts a 100% increase in sales this Q and profitability. The market cap when this article was started? Only $18 million. Seems an excellent setup for a 10 bagger.
Electrovaya (OTCQB:EFLVF) is an unknown stock and company, yet to call it the "Tesla of Forklifts" is accurate. They are the leader in Lithium forklift batteries. When I started writing this article in a word processor in March it was .15 and my average cost about the same, which works out to about an $18 million market cap. On 7-10-2020 it went over $.35 already a 2+ bagger. To go to $1.50 seems possible due to several factors.
Seeking Alpha article on Electrovaya up today
This will be free to view permanently so if you chat about EFLVF elsewhere please do post the link there.
Electrovaya The Tesla Of Forklifts Gets Game Changing Walmart Repeat Order
https://seekingalpha.com/instablog/535947-darp-research/5470899-electrovaya-tesla-of-forklifts-gets-game-changing-walmart-repeat-order
The 10k is out since 6-29 http://archive.fast-edgar.com/20200629/AW22SQ2CZC2RWZT2222S2ZY2VRTMHZ22G222
BLU3 Vent video, had not seen it but likely others have
agree its big action today 32% on 500K. See no news yet, but this is quite the reversal back up. Cheers
Bman, Fidelity had it last nite, but ihub did not. So expected comments here. See it is missing from quite a few sites. Company has been asking for NDAs so guess something is up beyond this Annual report.
No one noticed the 10K? Maybe I am missing something.
10K WIZARD 3:04 AM ET 6/29/2020
http://archive.fast-edgar.com/20200629/AW22SQ2CZC2RWZT2222S2ZY2VRTMHZ22G222
Filed on: June 29, 2020
What stands out the most to me is
Year Ended December 31, %
2019 2018 change
Legacy SSA Products $ 2,073,330 $ 2,098,432 (1.2 )%
High Pressure Gas Systems 700,654 443,775 57.9 %
Ultra-Portable Tankless Dive Systems 193,724 - 100 %
Total revenue $ 2,967,678 $ 2,542,207 16.7 %
That L&W was up 57%. They did get $193K out of Nemo for 2019 but not really available until 2020. On L&W that was a big Q4 for it, maybe over half of annual amount guessing without looking back.
So overall sales up 17% with legacy 3rd lung about even. They did not make a profit, but bringing a new product (Nemo) to mkt does at least partially explain that.
Did I miss something or was the board unaware the Annual was out?
TCarlson that is basically free money, they will have no problem with earmarking that to salaries, which means they do not need to pay it back.
2 friends just told me their business had a record month in May. I think this Covid shut down was way overdone but BWMG got the best on both sides. They did not shut down and they got the free money.
Georgia and Florida are good examples their Governors tried to shut down the least amount possible yet did better than average in terms of low deaths. Maine had few cases but it ruined jobs to the extreme.
Red Cloud: RNC Minerals (TSX:RNX) Royalty Removal Reaps Rewards for RNC, May 20th '20.
http://cdn.ceo.ca/1fcabl1-20200519-RNX-Update.pdf
https://ceo.ca/@mikeymike426/rnc-minerals-tsx-rnx-too-much-gold-is-the-greatest-problem-we-could-have
it has widest bid ask, but seems just the ask that is way away. Except on 5-18 it opened at .52 went to .99 then closed at .02??
So did you sell any that day?
It would be millions would guess if they are used. The $100,000 is just for prototypes am guessing, and they can sell to anyone, such as Brazil, England, etc. where they are needed.
Out of over 100 entrants we were of 5 picked, that means they have a good one.
Reuse of capital put into Nemo. Maybe even more products can be based off of same underlying pump.
Strange time for selling, the volume is very high. Gotta guess someone has not seen the PR. It popped up on my Fidelity screen but maybe is missing at other brokers. This is serious good news, news with bucks implied in the near future.
$BWMG-Emergency Use Authorization Request for BLU3 Vent-FDA
As a Top-5 Finalist in DoD Hack-A-Vent Challenge
Pompano Beach, Florida,, May 22, 2020 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. a leading developer, manufacturer and distributor in the marine industry, today announced that it has been named a Top 5 Finalist in the U.S. Department of Defense (DoD) Vulcan “Hack-a-Ventilator Challenge.” The DoD released a website dedicated to sharing information about the Hack-a-Ventilator project on May 20th, 2020, with the link here: https://www.vulcan-v.com.
In March 2020, the DoD announced the Vulcan Hack-a-Vent Challenge to address the projected ventilator shortage as a result of the Covid-19 global pandemic. Clinicians and engineers at the DoD received 172 submissions and began a rigorous process that within 60 days yielded 5 different scalable ventilator designs that can resuscitate a non-compliant lung. The group of finalists was named the “Vulcan-5” and includes the BLU3 Vent by BLU3, a division of Brownie’s Marine Group, Inc, as well as Corvent by Coridea, i3 Breather by L3 Harris, FieldVent by Northrup Grumman, and NAVSEA PRE-Vent by the U.S. Navy as reported by the DoD. BLU3 has now requested approval for BLU3 Vent from the U.S. Food & Drug Administration (FDA) under the Emergency Use Authorization (EUA). BLU3 submitted their Pre-EUA form to the FDA on May 14, 2020 and received initial feedback from the FDA four days later. The feedback includes requests for additional information such as specific graphical test data and descriptions of manufacturing quality systems, among other items. BLU3 is working toward fulfilling the FDA’s request for additional information with the assistance of the Wright Brothers Institute (https://www.wbi-innovates.com) and regulatory compliance consultants from TAMM Net (https://www.tammnet.com).
“We are so proud of our team’s accomplishment to be esteemed with some of the most innovative engineering companies and groups in the world. We entered the Hack-A-Vent challenge to answer a call-to-action from our military to address critical ventilator shortages. Our team of engineers worked tirelessly to reimagine our existing core technology to meet the challenges laid out before them.” said Robert Carmichael, Chairman & CEO of Brownie’s Marine Group, Inc. “BLU3 Vent has been designed to be low-cost and highly manufacturable so that it is feasible for governments to stockpile as Emergency Use Ventilators. We believe that governments should favor a just-in-case stockpiling approach opposed to the traditional just-in-time approach which lead to the ventilator shortages in the first place.”
Very impressive, Great job Brownies! What this means is they can sell them if they get this authorization. They do not have to be sole winner of contest, they can start selling them even if they are #2 for example at end of program.
Suggest passing this around,Big News
The below you can use as a template. Go on various boards you are known on, vary it, personalize it and IHUB will not erase it as a duplicate. This is type of news that can bring in a lot of investors, very big news for such a small company and in hot sector right now.
What this means is they can sell them if they get this authorization. They do not have to be sole winner of contest, they can start selling them even if they are #2 for example at end of program.
Here is what I put on BB haven, pick your own popular sites you are bets on known on. Just a suggestion but we do want people to know about this. I am no longer paid on IHUB so those that are can put on the paid sites.
Cheers
$BWMG-Emergency Use Authorization Request for BLU3 Vent-FDA
As a Top-5 Finalist in DoD Hack-A-Vent Challenge
Pompano Beach, Florida,, May 22, 2020 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. a leading developer, manufacturer and distributor in the marine industry, today announced that it has been named a Top 5 Finalist in the U.S. Department of Defense (DoD) Vulcan “Hack-a-Ventilator Challenge.” The DoD released a website dedicated to sharing information about the Hack-a-Ventilator project on May 20th, 2020, with the link here: https://www.vulcan-v.com.
In March 2020, the DoD announced the Vulcan Hack-a-Vent Challenge to address the projected ventilator shortage as a result of the Covid-19 global pandemic. Clinicians and engineers at the DoD received 172 submissions and began a rigorous process that within 60 days yielded 5 different scalable ventilator designs that can resuscitate a non-compliant lung. The group of finalists was named the “Vulcan-5” and includes the BLU3 Vent by BLU3, a division of Brownie’s Marine Group, Inc, as well as Corvent by Coridea, i3 Breather by L3 Harris, FieldVent by Northrup Grumman, and NAVSEA PRE-Vent by the U.S. Navy as reported by the DoD. BLU3 has now requested approval for BLU3 Vent from the U.S. Food & Drug Administration (FDA) under the Emergency Use Authorization (EUA). BLU3 submitted their Pre-EUA form to the FDA on May 14, 2020 and received initial feedback from the FDA four days later. The feedback includes requests for additional information such as specific graphical test data and descriptions of manufacturing quality systems, among other items. BLU3 is working toward fulfilling the FDA’s request for additional information with the assistance of the Wright Brothers Institute (https://www.wbi-innovates.com) and regulatory compliance consultants from TAMM Net (https://www.tammnet.com).
“We are so proud of our team’s accomplishment to be esteemed with some of the most innovative engineering companies and groups in the world. We entered the Hack-A-Vent challenge to answer a call-to-action from our military to address critical ventilator shortages. Our team of engineers worked tirelessly to reimagine our existing core technology to meet the challenges laid out before them.” said Robert Carmichael, Chairman & CEO of Brownie’s Marine Group, Inc. “BLU3 Vent has been designed to be low-cost and highly manufacturable so that it is feasible for governments to stockpile as Emergency Use Ventilators. We believe that governments should favor a just-in-case stockpiling approach opposed to the traditional just-in-time approach which lead to the ventilator shortages in the first place.”
Very impressive, Great job Brownies!
$BWMG-Emergency Use Authorization Request for BLU3 Vent-FDA
As a Top-5 Finalist in DoD Hack-A-Vent Challenge
Pompano Beach, Florida,, May 22, 2020 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. a leading developer, manufacturer and distributor in the marine industry, today announced that it has been named a Top 5 Finalist in the U.S. Department of Defense (DoD) Vulcan “Hack-a-Ventilator Challenge.” The DoD released a website dedicated to sharing information about the Hack-a-Ventilator project on May 20th, 2020, with the link here: https://www.vulcan-v.com.
In March 2020, the DoD announced the Vulcan Hack-a-Vent Challenge to address the projected ventilator shortage as a result of the Covid-19 global pandemic. Clinicians and engineers at the DoD received 172 submissions and began a rigorous process that within 60 days yielded 5 different scalable ventilator designs that can resuscitate a non-compliant lung. The group of finalists was named the “Vulcan-5” and includes the BLU3 Vent by BLU3, a division of Brownie’s Marine Group, Inc, as well as Corvent by Coridea, i3 Breather by L3 Harris, FieldVent by Northrup Grumman, and NAVSEA PRE-Vent by the U.S. Navy as reported by the DoD. BLU3 has now requested approval for BLU3 Vent from the U.S. Food & Drug Administration (FDA) under the Emergency Use Authorization (EUA). BLU3 submitted their Pre-EUA form to the FDA on May 14, 2020 and received initial feedback from the FDA four days later. The feedback includes requests for additional information such as specific graphical test data and descriptions of manufacturing quality systems, among other items. BLU3 is working toward fulfilling the FDA’s request for additional information with the assistance of the Wright Brothers Institute (https://www.wbi-innovates.com) and regulatory compliance consultants from TAMM Net (https://www.tammnet.com).
“We are so proud of our team’s accomplishment to be esteemed with some of the most innovative engineering companies and groups in the world. We entered the Hack-A-Vent challenge to answer a call-to-action from our military to address critical ventilator shortages. Our team of engineers worked tirelessly to reimagine our existing core technology to meet the challenges laid out before them.” said Robert Carmichael, Chairman & CEO of Brownie’s Marine Group, Inc. “BLU3 Vent has been designed to be low-cost and highly manufacturable so that it is feasible for governments to stockpile as Emergency Use Ventilators. We believe that governments should favor a just-in-case stockpiling approach opposed to the traditional just-in-time approach which lead to the ventilator shortages in the first place.”
Very impressive, Great job Brownies!
Emergency Use Authorization Request for BLU3 Vent-FDA
As a Top-5 Finalist in DoD Hack-A-Vent Challenge
Pompano Beach, Florida,, May 22, 2020 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. a leading developer, manufacturer and distributor in the marine industry, today announced that it has been named a Top 5 Finalist in the U.S. Department of Defense (DoD) Vulcan “Hack-a-Ventilator Challenge.” The DoD released a website dedicated to sharing information about the Hack-a-Ventilator project on May 20th, 2020, with the link here: https://www.vulcan-v.com.
In March 2020, the DoD announced the Vulcan Hack-a-Vent Challenge to address the projected ventilator shortage as a result of the Covid-19 global pandemic. Clinicians and engineers at the DoD received 172 submissions and began a rigorous process that within 60 days yielded 5 different scalable ventilator designs that can resuscitate a non-compliant lung. The group of finalists was named the “Vulcan-5” and includes the BLU3 Vent by BLU3, a division of Brownie’s Marine Group, Inc, as well as Corvent by Coridea, i3 Breather by L3 Harris, FieldVent by Northrup Grumman, and NAVSEA PRE-Vent by the U.S. Navy as reported by the DoD. BLU3 has now requested approval for BLU3 Vent from the U.S. Food & Drug Administration (FDA) under the Emergency Use Authorization (EUA). BLU3 submitted their Pre-EUA form to the FDA on May 14, 2020 and received initial feedback from the FDA four days later. The feedback includes requests for additional information such as specific graphical test data and descriptions of manufacturing quality systems, among other items. BLU3 is working toward fulfilling the FDA’s request for additional information with the assistance of the Wright Brothers Institute (https://www.wbi-innovates.com) and regulatory compliance consultants from TAMM Net (https://www.tammnet.com).
“We are so proud of our team’s accomplishment to be esteemed with some of the most innovative engineering companies and groups in the world. We entered the Hack-A-Vent challenge to answer a call-to-action from our military to address critical ventilator shortages. Our team of engineers worked tirelessly to reimagine our existing core technology to meet the challenges laid out before them.” said Robert Carmichael, Chairman & CEO of Brownie’s Marine Group, Inc. “BLU3 Vent has been designed to be low-cost and highly manufacturable so that it is feasible for governments to stockpile as Emergency Use Ventilators. We believe that governments should favor a just-in-case stockpiling approach opposed to the traditional just-in-time approach which lead to the ventilator shortages in the first place.”
Very impressive, Great job Brownies!
there are videos
Thanks bman! makes sense it is the electronic regulator they are referring to. That purchase order for prototypes has my curiosity as to who bot it.
Search Results
Web results
High-Acuity Ventilator Cost Guide | Blog | HCP Resources ...hcpresources.medtronic.com › blog › high-acuity-venti...
Premium or high-acuity ventilators — most commonly found in hospital ICUs — typically have a PSOL gas delivery design and can currently cost between $25,000
Absolutely,Huge Breakout.0455 barrier gone.
Very impressive, maybe news coming, the demand is huge here.
675,000@.05 New2YearHigh,the big breakout
Great to see, that big buyer keeps buying more. It's been capped at .455 for weeks, this is quite the breakout.
Cheers
Hard to say but whoever bot over 400,000 today may think so
Now 10,000 left but maybe hidden iceberg offer? Only showing 10,000 at .0449 and vol 459K so we will see if that is all or not today am guessing.
Yes,big buyer for weeks,400k-vol today+25%, and one apparent big seller at .0449, but shows just 76K left at .0449. When that seller runs out then what happens?
Am amazed at the lack of selling, a seller's strike. The bid was huge at .041 yet hardly touched and buyer had to keep racketing up to .044. Impressive, the investors in the stock do not seem nervous at all.
Many of us here bot under .01, I have over a 5 bagger now.
Cheers
About same size now .042 no doubt a big buyer, been at it a while. And a sellers strike at the same time. Maybe today we go over .045 again. Cheers
They did a deal so good hard to believe.
http://electrovaya.com/wp-content/uploads/2020/04/PR04082020.pdf
Toronto, Ontario – April 8, 2020 – Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL) (OTCQB:EFLVF) announces that it has amended the terms of its outstanding CDN$15 million principal amount unsecured 9% convertible debentures due March 27, 2020 (the “Amendments”). Pursuant to the Amendments, the Company and its lender under the debentures, an institutional investor (the “Debenture Lender”) agreed that the Company could satisfy the entire $15 million principal amount and any accrued but unpaid interest owing under the debentures by issuing the Debenture Lender 11,111,111 common shares in the capital of Electrovaya (“Common Shares”) at a deemed price of CDN$0.18 per Common Share on or before April 3, 2020, paying the Debenture Lender CDN$2 million in cash on or before April 10, 2020, and paying the Debenture Lender an additional CDN$2 million in cash on or before September 29, 2020, an equivalent of about $6 million dollars.
The Company granted the Debenture Lender subordinated security in connection with the deferred payment obligation under the Amendments. Dr. Sankar Das Gupta, the Chief Executive Officer and a director of the Company, personally guaranteed the Company’s CDN$2 million deferred payment obligation under the Amendments. The Company satisfied the initial CDN$2 million cash payment pursuant to the Amendments effective as of April 7, 2020, by amending and restating an existing promissory note from a third-party lender, a Canadian financial institution (the “Facility Lender”), to increase the principal amount available thereunder (such note, the “Amended and Restated Promissory Note”). The increase in borrowing under the Amended and Restated Promissory was secured by Dr. Das Gupta personally guaranteeing the Company’s payment obligation to the Facility Lender as well as pledging an additional 17,000,000 Common Shares in favour of the Facility Lender, and the Company paid a fee of CDN$150,000 to the Facility Lender for the increase to the amount available under the Amended and Restated Promissory Note.
As consideration for the significant personal risk involved in granting the Company’s lenders personal guarantees and share pledges in order to effect the Amendments and increase the amount available under the Amended and Restated Promissory Note, the Company’s independent directors approved the issuance to Dr. Das Gupta of 4,000,000 Common Shares at a price of CDN$0.18, and 7,100,000 warrants to purchase Common Shares, each exercisable at a price of CDN$0.18 until April 2, 2030 as consideration for the guarantees and pledges described above, as well as for other prior personal guarantees and share pledges to secure debt incurred by the Company (the “Consideration Issuance”).
The paid $6 million to eliminate $15 million of high interest debt, basically a $9 million profit for them.
New 18 month high .0455, so has broken out. Intraday it has fallen back to .04 with 227k traded.
That is 3rd new major high since Feb. So stair stepping up.
The.0437 is gone,pesky former high at .0449 of 93K still blocking a new high. Almost wonder if on purpose to prevent a run?
Anyone that can post level 2 for Asks?
Impressive,See 15,000 left at.0437,can not see beyond that but has hit .0449 two days about 2 weeks ago. We have 372k so far. If there is nothing between .0437 and .045 then will be a breakout to new highs.
Cheers
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