Electrovaya Inc (ELVA)

[BK student]

Just going on past performance. This whole expansion is all based on the assumption that the government is going to GIVE them money. No free money and they cannot do anything. They have been listed on the market for several decades and they do not have enough money to finance a new car unless someone gives it to them. Don’t get me wrong, I hope the stock goes to the moon but that cannot realistically happen for several years and the family owns enough of the stock no one can buy them out for 2 reasons.
1. They family is already wealthy and they do not need the money
2. The old man’s arrogance at making the company work will not let that happen
Again, I hope this works for everyone just have my reservations