Okiedo wrote: Ok, all of you Electrovaya gurus out there, is the McGuinty promise of $16.7 milllion the sole reason for the nearly 30% increase in Electrovaya stock value today? Is there anything else contributing to this rise in value of the stock?

My 2 pennies (take it with grain of salt as usual): #1 reason: credibility, #2 reason: credibility and #3 is also credibility with the premier of Ontario kinda endorsing EFL. The $94M expansion thing is very intriging. If EFL is going to raise cash by offering shares, it will need to sell 90 million shares which is not viable at this point. So some kind of JV is going to happen, but with who??? Who has the deep pocket? The usual suspects are Tata Motors and Exxon. The Tata situation is interesting. It asks the British government to cough up $10M pounds to build the factory for Indica EV in Britain. Negotiation is still going on. It is also recently downgraded by S&P from B+ to B citing purchase of Jaguar & Land Rover. However, Tata is also a major partner of Fiat, proud owner of Chrysler. The old Chrysler did choose A123 to supply the lithium batteries. However, with Fiat as the new controlling owner. This may change. Perhaps Electrovaya finds a back door into the NA market with Chrysler through Tata and Fiat.

Exxon has cash to invest and seems friendly with Electrovaya. It even helped out to launch Maya 300 in Baltimore. Seems like this is Maya 300 expansion to me, especially in Ontario. The story continues to unfold.