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Non-Tech : Emcore Corporation (EMKR) -- Ignore unavailable to you. Want to Upgrade?

To: Lou Weed who wrote (423)	3/26/2008 1:18:49 PM
From: The Ox	Read Replies (2) \| Respond to of 640

Nothing that I've read from Citron would lead me to believe that they could be sued based on their content. They have picked a 'weak' fish and have sent the sharks to prey on EMKR. A bearish point of view. Nothing different then a bullish analyst writing a piece that only highlights the upsides without discussing a potential pitfall or 2. Like I've posted previously, I think their timing was terrific, from the bears point of view. They've selected a company who has failed to generate bottom line money for many years. They've pointed out the negatives and are trying to create uncertainty about the future. This is being done in the quarter BEFORE revenues are expected to ramp up. History shows that EMKR's past numbers stink! So they have a case to make in reiterating the obvious and casting some doubt on what may happen in the future. I'm guessing that they are also counting on EMKR to miss the current quarter's numbers or are guessing that they will be guiding down next quarter. This may very well come to pass. I don't think we'll see Citron go away any time soon. They don't appear to be the kind of outfit that would do this for the short term. My guess is they'll be around until there is substantially positive news that they can't spin negatively. I would suggest that EMKR shouldn't "go after them" as you state. Quite the opposite. EMKR better concentrate on their business and let these situation work themselves out over time. Who knows? Maybe EMKR needs to go to the market place for financing and Citron is being used by the investment banking industry to keep the price down, so the bankers or buyers get to pay less and dilute current shareholders even more? It wouldn't surprise me one bit that this is why we are seeing EMKR selected as the punching bag at this point in time. If business is going to ramp up exponentially, then they may need to go get more financing. What better time for a bear raid? Get more shares cheaply and no one can prove that this 'shark attack' was done for this reason!! It will be interesting to see how this plays out but I doubt there will be a quick resolution. jmo TO

To: Lou Weed who wrote (423)	3/26/2008 8:08:23 PM
From: Rock_nj	Read Replies (2) \| Respond to of 640

One thing that appears to not be factual in Citron's analysis is the characterization of Green & Gold Energy as some sort of scam opperation that isn't committed to following through on their large order with Emcore. As far as I can tell, Green & Gold Energy is real, and is already manufacuturing and selling suncubes, which are half the price of traditional solar panels, and should sell very well, bringing in revenues for Emcore. Check out this recent media report about the suncube from Australia: youtube.com Just today, Green & Gold Energy announced a 450K contract with the South Australia state government for three suncube solar farms. Not a large order, but more proof that GGE is not a scam and is in business to make money. Would the South Australia state government do business with a local company that was not reputable? Citron was off the mark on this matter. Media Release (26 March 2008) Green and Gold Energy receives a AU$450,000 order from the South Australia government to supply, build, commission and operate 3 grid connected SunCube™ Energy Farms. The CEO of Green & Gold Energy Pty Ltd (GGE), Mr Greg Watson today announced GGE has received an AU$450,000 order to supply, build, commission and operate 3 grid connected SunCube™ Energy Farms (SEFs) in various locations across South Australia. GGE has started manufacturing the SunCubes™ at our Glynde manufacturing facility and expects to start site works in April with the 3 SEFs to be completed and “On Line” before the end of June 2008. Mr Watson says this order represents the second project funding GGE has received from the South Australian government in support of GGE’s SunCube™ development and commercialization program. Following joint evaluation of the 3 SEFs by the South Australian government, local electricity utilities, GGE and other interested parties, GGE will proceed to build, commission and operate much larger SEFs at areas of high solar availability in South Australia and other locations in Australia. After many years of research and development, GGE has achieved a world breakthrough with its high efficiency, smart 2 axis tracking SunCube™ CPV technology, which Mr Watson says is well ahead of its competitors in supplying cost effective renewable energy to Australia’s electricity grid. The SunCube™ has been recently launched into the Australia market, into the India market and shortly into the EU market during the CPV Summit 08 in Madrid Spain 1-2 April 2008. Mr Watson says GGE has contracts with commercial partners in South Korea, Spain, India, Israel, USA, and Australia to supply approximately 400 MW’s of SunCubes™ per year with-in 2 years. Significantly, GGE has also placed a ~US$80m purchase order with Emcore Corporation of the US to supply 215 MWs / 6.2 million of their world-leading 38% efficient triple junction cell receiver assemblies. Mr Watson says South Australia could lead the green energy manufacturing revolution thanks to a number of important national and international factors that have changed the renewable energy business in Australia forever and have opened up enormous potential for our state. “The first act of the Rudd government was to ratify Kyoto. This event has opened the world market to GGE, which can now engage in renewable energy generation projects, via the UN’s Clean Development Mechanism (CDM), in developing countries worldwide, bringing back to South Australian both carbon credits and a share of the foreign generated power profits. “Currently coal exports earn Australia about US$0.03 / kWh of foreign generated power. GGE’s carbon credits and share of the profits from CDM renewable energy generation projects, measured on a $ / kWh generated, would more than double the income from coal exports.” greenandgoldenergy.com.au