Will now truth sooner or later ....

Sure great move to get top notch Litarion almost for free, a clean exit for Evonik not more (maybe less) expensive than shutting down, great news for Sankar due to first 19MEuros order in Germany, but remain to see it is a great news for small shareholders, Sankar can not dump its +40M shares on market, what is good for him is not necessarely good for outsiders.

Even if exit at 50 cents represents 20M$ not bad for a company who never make a profit.

Claiming grants, large access to money, large RFQ, large pipeline and so on his nice (and cost nothing) ... if happen like that, based on company history need to be very careful.

If so rosy, why Andy Ganapathy left after a few months ?

And Electrovaya is adding its processing operation and it’s adding its systems side. So we are not looking for any major cash investment needed. Now, to put the Electrovaya process in there, there is a large amount of interest in Germany to - from the government to support that process, to go to a non-toxic process, so we have access to large amounts of funds to finance the conversion. And we don’t expect shareholders to pay for that, hope not.

Sankar Das Gupta - Chairman, Chief Executive Officer and Co-Founder

We are seeing very high, large traction. Almost every day we get inbound calls looking for quotations and request for quotations. And this is something we have never seen in the last few years. So I think the growing need for lithium-ion batteries is growing very, very quickly. And at the same time we’re seeing constriction of supply. We are seeing some major, major companies who have shutdown or gone into Chapter 11 and so on.