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Thursday, April 19, 2007

Solarvalue releases 2006 Annual Report

For no particular reason, I checked the Solarvalue AG (XETRA:SV7) website this evening, and I stumbled on this German only release of their 2006 Annual Report, Geschäftsbericht 2006 zum Download. The German version may have been released on March 29, 2007? The English link to the same report has April 18, 2007, as the release date.

This report shows how important it was for Solarvalue to land a strategic partner (Solarvalue goes “Back to the Future” with Moser Baer Photo Voltaic partnership). Solarvalue had total assets of about €1.622 million at 2006 year end and working capital requirements of €15 million to get solar grade silicon production going at the TDR Ruše facility in 2007.

Solarvalue is having their Annual General Meeting 2007 (for 2006?) on April 27, 2007, at 10AM. The location is down the road from their Berlin offices at:

Ludwig Erhard Haus
Fasanenstraße 85
10623 Berlin
Germany

I assume shareholders have received or will receive a copy of the annual report and the 22 page invitation proxy statement to the shareholder meeting in the mail. I didn’t like get the memo on this one.

There is also a counter proposal or objection to Item 8. in the proxy statement from xpensio GmbH. Item 8. appears to deal with increasing capital stock and related bylaws.

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3 Comments:

Anonymous Anonymous said...

German version has NOT been released in March. I tried SEVERAL times to get a copy - to no avail. For some reason they tried to hide their Annual Report as long as possible. We will soon find out why.

2:36 AM  
Blogger benjamin said...

gunther, do you have any insight into this annual report. as far as i can tell, they don't appear to be releasing it in english and i don't speak german.

11:23 AM  
Blogger Edgar A. Gunther said...

I have heard there is no plan for an english translation. Important aspects are discussed in this speech
by CEO Claudia Boehringer at the Annual Shareholder's Meeting.

11:54 PM  

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