Electrovaya issued a promissory note to a syndicate of lenders for $6.3 million at 8.25% per annum for 24 months, secured by a first mortgage on its land and building. Also one million common share purchase warrants at an exercise price of $0.65 per share exercisable immediately for a period of 24 months. The clock is ticking on this and for Litarion to replace the profitable contract with Daimler. May 5/2015 Andre Mecklenburg COO of Litarion states that "the last six months has been a period of constant change at Litarion GmbH. Shifting from a one-hundred-percent supplier to the automotive industry, we are now focusing on the emerging market of energy storage systems and industrial applications." So, Litarion has been working on finding customers since late 2014, and the result so far is less than satisfactory or what's needed. The staff they are adding is on the one hand good, but on the other the cash burn rate increase along the severance costs of showing Paul Hart the door, plus, plus, plus and believe me or not there are alot of added costs coming for Electrovaya including the larger paychecks (than Paul Hart) that Richard Halka is collecting. Where are the contracts from the almost every day calls looking for quotes and requests for quotations?