Agree with you but instead to hide in management discussion the miss revenue target for FY2014, management will have been much much much more trustable by commenting that they will miss target due to delivery delay for 25 energy storage complex New Thames Valley Project, instead to come with a pretty short PR just saying we make progress !

Except if the project end bad (not totally excluded as ofgem seeems upset by delays, "The manufacture reports additional delays to production and delivery as the result of further final design reviews. The potential for non-delivery against the revised schedule remains. However, at this stage, installation as per the revised timeline can still be met.") miss revenue should be registred on FY2015.

As delay is over 1 year we could have expect Electrovaya make a clear statement, instead we have to find information ourselves, when Tesla sales are due to be lower than expected in China they provide information shortly after ...

This news explains many things regarding recent company history, exit of several VP (Rakesh Bola, ...), new VP engineering and supply chain director (seems to have both solid background), new job offer (Senior mecanical engineer, software engineer, QC manager) probably not planned at this time last undersubsribed capital increased.

This is probably their biggest contract since years (outside of still not confirmed German aquisition), not the one they can afford to miss.