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Message: OK, why the 10 cent intraday drop? 2 Oct 2013

It is profit taking, I actually expected more. The fact that it went this high and stayed for a couple days just solidifies my suspicion that something big just happened and thus the hiring that I posted the other day. Think about what has been happening, they announced the MOU with toyota months ago and we heard that they had been checking out electrovaya for at least 6 months before, a deal with Toyota is due any time if they decide to follow through. Dongfeng was announced in Jan., they are on a fast track to get the EV's on the road, again if they decide to go with electrovaya that would be soon too. There are many other deals in the wings as well, with utilities and I have reason to believe they have been working with a motorcycle company in the US as well. They have many irons in the fire and should be close to signing other deals. That is why I will not be profit-taking at this point, I believe a very big announcement could be any time now. Don't worry one bit about the drop in SP over the past couple of days, it is totally expected but those profit-taking at this point are taking a big risk in my opinion.

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