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Message: Re: How many of you are waiting for this FY end to make a decision?

My 2 cents, ...

the cells are obviously not an off-the-shelf standard item from China because if it was, everyone could have an extremely safe 13,000 cycle battery to offer, but they don't. So as hogey said, they may be produced in China and Japan but with ELVA's proprietary technology. The yahoo clowns exploit the China production point but fail to mention, made to ELVA's specifications with ELVA's proprietary technology.

As far as the rest of the story, this is why I have been hammering on revs, sales and actual production. Don't care what they have in store for next yr or 2 yrs down the road. I have traded this company for over 20 yrs and seen the stories come and go with no ending. They disappear and you just never hear about them again. Do not focus on promises and shiney new stories. Focus on performance, ... today.

That said, they have entered into a legitmate growth phase that can be phenomenal but as a small company they are always tempted to over-embelish. I've called them on the under promise over deliver lie because they are absolutely not over delivering, they never have. Case in point, $70-75mil for 2024. They intentionally chose those numbers and then tried to walk it back with a caveat about delayed site construction and deliveries. That was a risky and weak move. They needed to give an absolute solid rev number and out perform from there. Too late now.

IMO, they are behind. I expected better rev at this point and more progress to get the SP higher. We were promised no dilution and now it appears that may be the only way they have to go. I would be OK and encouraging with that if SP was $10-15.00, but not $3.00.

Some of you will learn this over time. Excuses don't make money, performance does. Don't get wrapped up in future hopes and promises. The time it will take ELVA to go to next level of rev ($100mil+) is what made me lighten up my holdings considerably. Not saying they can't or won't get there, I'm just fed up with waiting whether anyone likes that or not.

 

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