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Message: Re: Electrovaya getting picked up on the boards

Two thoughts both positive:

1.If AIGH accumulated the position in the open market (non-dilutive) that's good, and as a 10% filer they will need to divulge if they will or not be activist investors or passive with respect to the management process

2. If this was achieved through a non-dilutive PIPE, where insiders sold 10% of their holdings in such a Private Placement (3.2 million shares) it's GREAT news, as the company would have raised between $25-30 million, based on share pricing over the past 90 days.

 

 

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