Additional Solarvalue AG Secondary Placements Planned
Claiming liquid assets of € 2 million, Solarvalue appears undercapitalized to complete the upgrades required at the TDR facility to begin Solar Grade Silicon production. Solarvalue confirms this by disclosing plans for more secondary placements in the first six months of 2007 and presenting at the Kepler Equities Alternative Energies Conference in
Solarvalue has a new Investor Relations contact: Maximillian Fischer of max. Equity Marketing GmbH. Despite this new resource, I have not yet received a reply to my questions about Friday’s press release (see Solarvalue to proceed without Strategic Partners) on Solarvalue’s new arrangement with partner, W&P Profil.
With all these plans for secondary offerings, individual investors should be extra cautious with Solarvalue AG stock as every share increase is dilutive to existing share holders.