While I agree that dwelling on the past is not necessarily helpful, is it not notable that the only concrete contracts we have seen EFL announce in nearly two years are the sale of Separators or components from Litarion? A company they acquired only 6 months ago?

Were it not for that acquisition (the details of which are still somewhat murky), where exactly would EFL's "superior" technology be? They keep telling us how great and cost-competitive it is, but have yet to sell anything more than single system to Raglan mines. And there has been no update on the success of that battery either.

I am with the thinking that suggests all these trials are building toward something, but until they actually start selling batteries - as in EFL's own Li-on SuperPolymer 2.0 batteries - they are really only managing the assets of a company that Daimler no-longer wanted to be responsible for.

Gupta appears to have connections, so I won't dismiss his ability to keep things moving. As a shareholder however (for over a decade I might add), their apparent inability to get a truly commercial battery to market is getting a bit tired.

I think that, even at this stage of the company's history, many of us are still hoping that Das Gupta's behind the scenes machinations lead to something truly 'transformative'. Our investment continues to rely on forward looking statements, not on actual results.

Anyway, good luck to all. Hopefully by the end of 2015 EFL will actually have a product the market is interested in.