Not to put a damper on things, but I am wondering what others think of the wording in the "Electrovaya Inc. (TSX:EFL) receives order for SEPARION™ from a leading Chinese Battery company" release. Specifically:
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Order received: A leading Chinese lithium ion battery company has qualified SEPARION™ after intense testing for use in its electric vehicle program. This customer's requirement is expected to be greater than $1 Million in 2015 and growing to larger amounts in 2016.
To me, this is a lot like the Walmart "order" announcement, which was actually not an order at all, but rather the placement of EFL on their list of qualified suppliers. To me there is a big difference.....