(119 Total References)
"By 2012, companies not able to ...
"By 2012, companies not able to achieve $1/W through the module level, $2/W through the system level and $0.10/kWh to $.20/kWh for electricity are significantly at risk, because other companies will get there," stated PHOTON Consulting's Managing Director, Michael Rogol.
Timminco investors cautioned ...
Timminco investors cautioned on Photon Consulting and Michael Rogol.
investors cautioned on Photon Consulting
and Michael Rogol
The announcement turned out to be simply that its paid-for promoters, Photon Consulting
and Michael Rogol
, planned to hold a conference call as part of its many attempts to persuade investors to believe its story.
After this side-show Timminco released earnings that revealed its claimed easy-to-build and up-and-running "invention" had failed to deliver its promised gargantuan earnings.
has scheduled a call to promote its Photon Consulting scheme for tomorrow morning.
Information concerning Timminco's story and Photon Consulting's Michael Rogol, and their so-called report on Timminco's silicon purification method, will be available to investors for their use here before the call.
Is Michael Rogol's paid-for ...
Is Michael Rogol's paid-for Timminco report to be believed?
A review of publicly available sources reveals information that Timminco Limited's
(TSX: TIM $24.60) investors can use to determine Photon Consulting
and Michael Rogol's
qualifications to review Timminco's cost and capacity claims, and equally important, to judge Timminco's use of Photon
in such manner.
According to available information Mr. Rogol
has worked (not consulted to) with 16 different organizations during the last 14 years.
During two years and nine months of this time, Mr. Rogol
was also enrolled as a student including in a non-technical MIT PhD Program as recently as 2007.
Mr. Rogol did not receive a PhD from MIT.
None of Mr. Rogol's
16 jobs have given him the experience or technical training, or reputation that investors should require in someone claiming to be qualified to verify Timminco's cost and capacity claims.
Neither does Mr. Rogol's firm or his associate Martin Meyers have the necessary credentials.
However, investors will find Mr. Rogol's
work history, apparent academic reporting error and past endorsement of a controversial company interesting.
Mr. Rogol claims to have worked with the Martin Family Foundation
, Rogol Energy Consulting LLC
, GE Capital
, CLSA Asia-Pacific Securities
, Cambridge Energy Research Associates
, Washington Policy & Analysis
and McKinsey & Company
also claims to have worked in politics, as an executive producer of documentary films on Asian youth culture and as the host of a prime-time show on a "top" Korean TV network.
also claims to have worked at an agency of the Korean government in Korea and as a Korean taxi cab driver.
Mr. Rogol was also the founder and President of Dotcomplish, a failed company.
Mr. Rogol now works for Photon Consulting, an affiliate of Photon International, a magazine publisher and conference marketer.
Dotcomplish's website showed that he holds an undergraduate degree in Physics and Foreign Service from Georgetown University.
does not have an undergraduate degree in Physics from Georgetown.
Georgetown undergraduate degree is in Foreign Service.
In December 2007 Mr. Rogol
published a lengthy article in Photon International's
magazine dedicated to explaining his
decision to endorse LDK Solar Co., Ltd.
(NYSE: LDK $35.94)during the autumn of 2007.
Shortly thereafter LDK's stock dropped sharply after its accounting irregularities came to light.
The stock has not recovered from its losses and continues being a highly controversial company.
The stock drop and controversy were a surprise to Mr. Rogol's
was compelled to publish his
explanation Mr. Rogol
admitted to having received a series of emails warning him of serious problems with LDK
According to Mr. Rogol his
own sources advised him that they "simply cannot understand how LDK's
cost structure could be so low," that LDK
"isn't real" and that it's "numbers did not make sense.
also disclosed that he
became concerned when LDK
offered him a job.
Despite all these red flags Mr. Rogol
proceeded to endorse LDK
Yesterday Timminco halted its ...
Yesterday Timminco halted its stock for no reason other than to create the appearance that a comment from Michael Rogal of Photon Consulting was material.
Later Timminco disclosed that it had paid Photon Consulting a fee.
Mr. Dunnison questioned Mr. Rogal's ability to make any comment on the matter.
treatment of Mr. Rogal's
engagement is quite similar to the way Timminco uses Q-Cells AG
(Public, FRA: QCE).
Nonetheless, the level at which ...
Nonetheless, the level at which Michael Rogol says disruption starts to happen is a bit oversimplified.
The term he needs is "peak demand parity."
At the end of February, a conference was held in Japan on "Global energy turnarounds and Japan's path.
Michael Rogol, CEO of Photon Consulting, gave an impressive presentation on photovoltaics, but strangely he asks in the PDF on the conference website that it not be shared.
So I draw your attention instead to the full video of Session 2; his
presentation begins just before minute 40.
provocatively asks why any country would want to build a lot of solar.
points out that solar experts have been predicting the negative impact on the stock value of corporations like RWE and Eon for years.
But I'm not arguing with Rogol that the limit should be closer to three percent than five percent.
Rather, these markets generally went bust for reasons not related to what he's
The Italians, for instance, had a budget set out from the outset, and the market basically shut down when that budget had been used up.
We did not know at the outset how much PV exactly would be built for that money because prices were plummeting at the time.
Likewise, in Germany and the Czech Republic, it was the cost impact on ratepayers that led to policy changes, not the impact on conventional utilities.
Rather, I agree with Rogol
that the bottom lines of conventional utilities are going to be hurt.
right that the pain starts for them at around five percent of supply in countries with greater power demand in the winter, like Germany.