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Deal with World water and Solar Technologies

With less than $25 million in shareholder equity and $36 million dollars of losses over the last 4 years, Emcore certainly seems to be relying heavily on the future success of a flimsy OTC company. Emcore went as far as to invest $18 million in World Water…and guess what happened – World Water committed to a competing solar technology.

WWAT recently completed a purchase of proprietary solar systems developer Entech. This is a direct competitor to Emcore’s concentrating solar cells. There is no explanation of why, if Emcore’s technology is so promising, WWAT would buy a competitor for cash and stock

WWAT’s CFO Larry Crawford was formerly EVP and CFO at Escala (ESCL.pk), wrecked when it was exposed to be part of a notorious Ponzi scheme fraud broken up by Spanish authorities.

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