Re: Chat with Raj on Stocktwits middle of next week
in response to
by
posted on
Jun 02, 2022 08:19AM
(Edit this message through the "fast facts" section)
Borelly,
That was one of the ?'s that I was going to ask. Here is the other
To piggyback on Borelly’s question, if we are not going to partner up with a bigger firm to scale up production, then are we going to be delisting from OTC and joining the NYSE or NASDAQ, for greater access to capital? Getting on a bigger US board would also increase exposure of the Electrovaya brand to the financial world. This would benefit us all. A comparison of EFLVF’s two main solid-state competitors, yields the following:
Quantumscapes has $0 in annual revenues and is losing money, yet is listed on the NYSE with 33% institutional ownership and a $5.2 billion market cap.
Solid Power has $3 - $5 million in annual revenues and is also losing money, yet is listed on the NASDAQ with 20% ownership and a $1.5 billion market cap.
Electrovaya on the other hand, has $21 - $25 million in annual revenues and is soon to be cash flow positive, yet is listed on OTC with less than 2% institutional ownership and only a $70 million market cap.
It seems as though if we are going to compete, then we will either need to partner with someone bigger or list on a bigger US trading board and draw in more capital.
Thanks for taking my question.