Zolar?....ahem!

Zolar...promises,promises!!


"And we would have gotten away with it, if it wasn't for you meddling kids!"
Famous Scooby Doo line

Citron has observed with keen interest developments at Emcore since our first report March 18th and follow-up March 25th. There are a few significant events, all of which point to a ménage trios of convenience between Emcore, Green and Gold Energy and the head cheerleader analyst at Jefferies & Co.


The Coalition of the Willing

Emcore needs Green and Gold Energy because it is the largest "customer" of record for its terrestrial solar products, representing 80% or more of its "backlog" for solar technology. Emcore desperately needs the appearance of a growing solar business as it needs to raise huge amounts of capital to cover operational losses.
Green and Gold Energy needs Emcore because it is a tiny, thinly capitalized Australian business trying to create the appearance that it is a major player in the solar business. Green and Gold uses its purported Emcore purchase order as a credential to establish credibility. Green and Gold's CEO has a multi-year track record of trying to raise money by selling promises which never come to fruition, including perpetual machine kits and rooftop solar electric devices. There is little or no public information available on any of Green and Gold's "licensee" customers.

BUSTED!