OnlyGame,  You are right.  There are numerous reasons Why the Litarion plant went bankrupt.

1.  The automotive customer quit purchasing battery cells because of cost.

2.  The German Govt and EU would not finance the new process Electrovaya had invented even after Electrovaya disassembled their Pilot process in Mississaugua and shipped it to a German University for study.

3.  England BRExit from EU inturupted the financial arrangements so the English solar storage customer could not purchase per the previous agreement.  Electrovaya had to dispose of finished product they had already made for this customer  to clean up their books.

The shorts have been a thorn in the side for a long time.  Shrimp even bragged about it back when.  They are still steadily working on the stock.  You can see it every day.  To me it looks like they are trying to buy up enough stock to be able to take the company.