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Thursday, December 14, 2006

Solarvalue AG shares up sharply on XETRA

Solarvalue AG (XETRA:SV7) (http://www.solarvalue.com) shares are up about 49% to €12.20, an all time high, in trading on the XETRA so far today, December 14, 2006.
  • Please remember Solarvalue is traded on the Frankfurt Stock Exchange Open Market, the rough equivalent to Over-the-counter (OTC) in the United States.
  • The volume is below 10,000 shares with less then €100,000 in turnover.
Also, at the Berlin Press Conference, Solarvalue announced an increase in share capital of €115,000 from €450,000 was currently underway. I translate this to mean a secondary offering in US stock market jargon.

This spike in Solarvalue shares was pointed out to me by Klammrot, a frequent commenter on the Blog.

GP View: While I am impressed with Solarvalue's plans and team, Solarvalue is a very speculative investment. In the US stock market, I never invest in over the counter stocks.

1 Comments:

Anonymous Anonymous said...

AFAIK the US-based OTCBB is an unregulated market - the German Open market IS regulated, not only by Aktiengesetz (stock corp. law) but by the exchanges as well.

5:38 PM  

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