Evonik hat über über zwei Jahre versucht die Bude zu verkaufen:
1. Litarion was the critical technology in the efforts by Evonik and Daimler to create the largest lithium ion battery operation in Europe. These two giant companies planned to exit this business as reported in Wall Street Journal, June 10, 2013. Despite the support of Evonik and Daimler, two giants of German industry, and the goodwill and support from the Saxony and German governments to keep this lithium ion battery complex operational, there were significant challenges to maintaining and growing the business. Electrovaya may face similar challenges when trying to to make Litarion a successful business enterprise.
2. Since mid-2013, the Litarion operations were for sale, with the Wall Street Journal reporting a high price-tag for the exit by Evonik and Daimler. Other potential purchasers did not materialize, but the complete reasons are not fully understood. There are massive operational risks associated with this acquisition, and it is uncertain that Electrovaya management will be able to integrate the two companies and operate them successfully together.
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Our share price may be volatile.
The market price of our common shares could be subject to significant fluctuations, and it may decline below the price at which you purchased it. Market prices for securities of early stage companies have historically been particularly volatile. As a result of this volatility, you may not be able to sell your common shares at or above the price you paid. Some of the factors that may cause the market price of our common shares to fluctuate include:
We do not expect to declare any dividends in the foreseeable future.
As a result of these factors, we believe that quarter-to-quarter comparisons of our operating results are not necessarily meaningful and that these comparisons cannot be relied upon as indicators of future performance. Moreover, our operating results may not meet expectations of equity research analysts or investors. If this occurs, the trading price of our common shares could fall substantially either suddenly or over time.
Soll also keiner sagen, dass die Firma versucht hat was zu verschweigen. Ausgehend von dem Kaufpreis für die wesentlich größere Firma Litarion, sehe ich die faire Bewertung der Bude bei maximal 2Mio EUR. d.h. einen Share-Preis von 0,24 EUR.
Kapitalerhöhungen werden wohl unvermeidlich sein, da sie sowohl in Kanada, als auch in Deutschland erheblich investieren müssen.
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