Legend Investment Corp. (LVCP)

[sweet crude]

.45 x .90

also, take a look at CWLC....popped today.

[JerseyJoe]

Can't wait for the next company press release.

Picked up some shares at $.60. :D

Following a few others still
RHWC, CLSN, and ALRX.

[Coolio]

As soon as the liquidity picks up, watch out!

[Coolio]

I really like this company guys!
I picked ALRX at 0.07.
This thing is worth at least $1.50. Just give it some time!

[sweet crude]

Hey JerseyJoe

If you do the numbers on this, this looks to be at least $3 to $5 easy. Even after the merger LVCP will have only around 12 million outstanding, and if you compare that to all the other solar stocks this could easily be worth $4 a share.

$12 million in sales
projecting $30 million for 2007
Oil prices to remain high cause of Iran, gasoline driving season

great buy under $1.00...IMO

[sweet crude]

Dutch Solar Company merges into LVCP


LVCP - BIG merger (only 5 mill outstanding)

- less then 5 million outstanding
- new company doing $12 million in revenue
- share price = .70

DO THE MATH

--------------------

Legend Investment to Acquire Majority Owned Control of GiraSolar B.V.

DETROIT, MI AND DEVENTER, THE NETHERLANDS, Feb 08, 2006 (MARKET WIRE via COMTEX) -- Legend Investment Corp. (OTC: LVCP) today announced that it has entered into a binding letter of intent to acquire fifty-one (51%) percent of Netherlands-based GiraSolar B.V. www.girasolar.nl
In fiscal 2004/2005, GiraSolar generated $12,000,000 in sales revenue. In fiscal 2005/2006, GiraSolar is projecting revenues of approximately $16,000,000, with a further revenue projection of $30,000,000 for fiscal 2007. GiraSolar expects to achieve profitable results in fiscal 2006.

GiraSolar three main divisions consist of 100% owned DutchSolar B.V., 51% owned GiraSolar Turkey Ltd. Ste. (GST), and 100% owned GiraMundo B.V. DutchSolar BV is based in the GiraSolar headquarters in Deventer, The Netherlands, and has production locations in the Netherlands and abroad. DutchSolar carries the GiraSolar brand of photovoltaic solar modules (GS125, GS135, GS145, GS155) and the GiraSolar DPE range of electronic devices, ranging from regulators for PV systems to heavy duty automatic voltage stabilizers, batteries and battery chargers for application in developing countries and disaster or crisis areas (emergency relief applications) as well as 3rd party products. Further, DutchSolar is involved in solar cell supply to manufacturers of solar modules and R&D projects, i.e. fundamental solar cell research and application development and research to improve silicon manufacturing processes. DutchSolar BV exclusively supplies its products to entities associated with the GiraSolar Group. www.dutchsolar.nl

GiraSolar Turkey (GST) supports clients in its geographical area of operation, stretching from Turkey and nearby Mediterranean countries into the Middle East. GST provides a full-service package and currently supplies solar energy components and systems to various governmental solar energy projects, as well as B2B and private clients. Further, it supplies various electronic devices and other components to the group's entities. www.girasolar.com.tr

GiraMundo is primarily a project development company, aiming at identifying possibilities for solar energy applications in rural areas of developing countries. To this end, GiraMundo works closely with partners in Asia, Africa, and Latin America. The project team of GiraMundo has extensive experience and was part of the team realizing the electrifying and award-winning "Yeelen Kura" project in Mali, West Africa, bringing light to approximately 20.000 rural dwellers in Southern Sahel.

[JerseyJoe]

Good news today.

And some volume. I bought a little.

[JerseyJoe]

What did I miss?

Nice spike in volume. Any reason?

[JerseyJoe]

So...is this now only a solar power company?

Did they scrap the plans with the oil/gas?

[JerseyJoe]

Is this company worth buying?

This company was forwarded to me by a stock picker. News is sporadic and the chart keeps showing it is going down. Any idea when the company is going to turn things around? The oil/gas news from 2-3 months ago looks appealing.

[sweet crude]

LVCP - news out!

Legend Investment Completes Second Sale of Solar Energy Products

DETROIT, MI, Jan 19, 2006 (MARKET WIRE via COMTEX) -- Legend Investment Corp. (OTC: LVCP) today announced that it has successfully completed its second alternative energy transaction. The company's solar energy division has purchased and resold $200,575 worth of solar modules this month.
The total value of transactions of solar products completed by the company in the past two months is now $567,605. All of the sales were made to customers outside of the United States. The company expects to secure additional sales in the coming weeks.

Legend Investment plans additional development of its solar energy division to service customers inside and outside the United States. This week the California Public Utilities Commission passed the California Solar Initiative (CSI), an historic plan that allots USD $3.2 billion for solar energy rebates in the state for the next 11 years, providing for the installation of approximately 3000 MW of solar energy.

"We are seeing real revenue opportunities in the alternative energy space. Our abilities to access the capital markets coupled with the demand for supplies of alternative energy bode well for building shareholder value," said Peter Klamka, President of Legend Investment.

Legend Investment will continue to look for acquisitions in alternative energy.

[sweet crude]

Solar deal passes 3 to 1

SAN FRANCISCO - The California Public Utilities Commission Thursday approved a $2.9 billion program to make California one of the world’s largest producers of solar power.

The “California Solar Initiative,” backed by Gov. Arnold Schwarzenegger, aims to add 3,000 megawatts of solar energy over 11 years through the installation of 1 million rooftop solar energy systems on homes, businesses, farms, schools and public buildings.

That amount of electricity would be equivalent to about six new power stations.

[sweet crude]

Big solar energy vote in California....

Solar stocks are flying!!!!

watch these solar stocks.

WWAT = $0.36
LVCP = $0.69
XSNX = $0.74
DSTI = $10.16
ESLR = $12.25

[sweet crude]

$366,000 sale of solar panels

Legend Investment Completes First Sale of Solar Panels
Wednesday December 14, 9:37 am ET


Partnership to Form New Alternative-Energy Subsidiary


DETROIT, MI--(MARKET WIRE)--Dec 14, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) today announced that it has successfully completed its first alternative-energy transaction. The company's new solar energy division has purchased and subsequently resold $366,930 worth of solar panels. This first transaction is part of a larger overall agreement for further supply. The solar panels were purchased from a supplier based in the United States and resold through Legend Investment Corp. affiliates overseas.

- http://biz.yahoo.com/iw/051214/0104015.html


OTHER NEWS ON LVCP TODAY

- LVCP pulled their status as a BDC fund, and thus will no longer be able to issue free trading shares into the market, which is usually a strong positive on the stock and market for the stock.

- LVCP also filed their 10Q this morning, and posted the company had 4,678,480 shares issued and outstanding. NO DILUTION!

- Now with their 10Q filed LVCP can now moved ahead and file their 15c2-11 to list on the OTC BB exchange.


* To Request More Information on LVCP click here - http://www.wallstreetnewscast.com/request/lvcp.html

[sweet crude]

BIG NEWS OUT!!!

LVCP pulls their BDC status which means they cn not longer issue any free-trading shares out, which is always a positive cause market then knows they wont be flooding the market with shares. LVCP now a regular stock, not a fund....will help bid support.

PLUS - 10Q OUT!!!!

shares outstanding is still 4,678,480 ......they ARE NOT diluting!

BIG BUY SIGNALS!!!

[sweet crude]

have bid in, but not showing....

put in a nice size bid at .10 and yet it doesnt show on level 2. Makes me wonder how many other investors have or had bids in and just werent shown. Anyone else try to post a bid and not see it represented?

[sweet crude]

up 40%....nice

like to see some news on oil & gas sales, or maybe something from their new solar power subsiduary.

[sweet crude]

solar energy & natural gas fund.....

...and no one has any interest in a stock fund involved in these 2 sectors? Why?

[sweet crude]

Screaming buy at .70 a share

If LVCP has a potential net asset value around $8.00, then .70 a share looks mad attractive. Just amazed no ones even ballzy enough to even bid this at .10

Figure if they are a bit skidish about grabbing it at the ask, they'd at least test the waters by bidding it low and see what happens.

Anyway, natural gas is on FIRE....LVCP should be on more radar screens. Any thoughts?

[sweet crude]

Oil & Solar stocks rockin......

then why isnt LVCP even trading? You'd figure with Oil, Gas, and Solar energy spiking all over the place someone would find some interest in LVCP.

Even just a measly $800 would trade 1000 shares. The company obviously isnt dumping stock otherwise the offer would be $0.10

No one even willing to risk $800 for 1000 shares in an energy fund involved in both these hot sectors?

[sweet crude]

why no interest?

just dont understand it, LVCP is now into Oil, Natural Gas, and now Alternative Energy....and yet no trades of bids?...WHY???

- Oil & Natural Gas in storgae tanks - ready for delivery
- Now alternative energy division
- only 4.6 mill outstanding

* SOLAR PANELS

they now make roof shingles with Solar cells built in so when shingling your roof if you add these they would heat & power your home. This is BIG!!!!!

Anyone have any ideas why no interest?

[sweet crude]

LVCP - now oil, gas, and solar

Now a true diversified energy fund....now running Oil, natural gas, and alternative Energy.

This thing should be more the .80 a share!!!


Legend Investment Negotiating With European Solar Company
Monday December 5, 9:14 am ET


DETROIT, MI--(MARKET WIRE)--Dec 5, 2005 -- Legend Investment Corporation (Other OTC:LVCP.PK - News) today announced that it is currently in negotiations with a European solar panel distributor. The intent of the negotiations is to form a subsidiary of Legend Investment for the purpose of sourcing solar-related products for the domestic market in association with the European affiliate.

http://biz.yahoo.com/iw/051205/0103040.html

[lowman]

Legend Investment Negotiating With European Solar Company

DETROIT, MI -- (MARKET WIRE) -- 12/05/2005 -- Legend Investment Corporation (OTC: LVCP) today announced that it is currently in negotiations with a European solar panel distributor. The intent of the negotiations is to form a subsidiary of Legend Investment for the purpose of sourcing solar-related products for the domestic market in association with the European affiliate.

According to a leading alternative-energy trade group, solar energy has become extremely cost effective. Additional research and technological advances are expected to bring the costs of solar energy down even further. The global solar market has grown 25% annually in the past ten years and over 35% worldwide in the last five years.

"We believe there are opportunities to develop businesses in alternative energy sources at this time. The markets for alternative energy are growing with the continued decline in fossil fuel sources. However, there still appear to be very few opportunities for alternative energy companies to access the capital markets," said Peter Klamka, President of Legend Investment.

In addition to acting as a supplier, Legend Investment also anticipates working with the European partner to acquire alternative energy companies. Legend Investment can give no assurances that its negotiations with the European solar panel distributor will result in the parties entering into an agreement or that it will ultimately acquired any alternative energy companies.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties including the ability of the company to conclude any negotiations, form any subsidiaries, develop any business from those subsidiaries, or acquire any alternative energy company. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.


Legend Investment
Email Contact
734-622-0542

[sweet crude]

NEWS OUT

Dec. 02, 2005--Legend Investment (OTC:LVCP) announced their plans to file their Form P-5 with the Texas Railroad Commision to become an approved independent oil & natural gas operator in Texas.

The company currently has Oil and Natural gas already in their storage tanks ready for pick-up, and the approval of their P-5 form will allow them to begin shipments.

Legend Investment currently has a round only 4.6 million shares issued and outstanding.

todays news release - http://biz.yahoo.com/iw/051202/0102905.html

[lowman]

Legend Investment to Seek Approval in Texas
Market Wire - December 2, 2005 8:48 AM (EDT)

DETROIT, MI, Dec 02, 2005 (MARKET WIRE via COMTEX) -- Legend Investment Corp. (OTC: LVCP) today announced that it intends to become an approved oil and gas operator within the State of Texas.

Legend is currently completing the application called a Form P-5 for submission to the Railroad Commission of Texas. Once approved, the company will be able to directly drill, operate, and/or produce oil and gas in Texas.

The Form P-5 requires the applicant to demonstrate a level of financial assurance as well as disclose certain organization details.

"We believe that it is in the best interests of our shareholders if we have the regulatory clearance to directly operate in the oil and gas industry in Texas," commented Peter Klamka, President of Legend Credit Inc.

The company anticipates that having a valid P-5 will allow it to negotiate more favorable terms with potential acquisitions as well as give the company a level of independence in selecting new oil and gas projects.

The company expects to submit the form to the Railroad commission within 10 days.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties including the ability of the company to complete and submit the P-5 application and be approved by the Texas Railroad Commission. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.

Legend Investment
734-622-0542

[homer321]

Do they like to file late on purpose? NT-10 filed 11-15-05

[homer321]

Seems too easy. eom.

[sweet crude]

Am I the only one in this?

Why wouldnt .50 EPS and net asset value of almost $10 not attract anyone?

whats up?

[sweet crude]

LVCP Raging Bull board

they laso have a board on raging bull in case anyones interested.

- http://ragingbull.lycos.com/mboard/boards.cgi?board=LVCP

[sweet crude]

oil deliveries to start this week....

shouldnt this be trading more since the company will be conducting their first oil & gas delivery this week? Their storgae tanks are full and ready for pick-up.

[sweet crude]

3500 shares traded....

should be so much more with oil & gas deliveries starting from their producing leases.

- http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp

[sweet crude]

anyone read this? Oil pick-up ready!

Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases
Staff Reporter

NEW YORK--(WSNC)—Nov. 17, 2005 – WSNC has learned from the company that Legend Investment Corp. (OTC:LVCP) has now acquired 100% controlling interest in the Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and natural gas projects.

Legend Investment commented that the company was in the process in securing a state bond to begin petroleum delivery of Oil and Natural Gas stored in their storage tanks on some of the leases. Although some of these leases do produce some levels of crude oil from the wells, the main producers on these six leases seems to be natural gas, and natural gas liquids. There was no indication giving on what petroleum products were being stored in the tanks, and what dollar amount this first delivery would equate to.

Legend Investment is a publicly traded closed-end fund (BDC), and thus is valued based on net asset value (NAV) per share and not earnings per share (EPS) like most other stocks. The formula to calculate any funds net asset value per share is; total assets - total liabilities (divided by) shares outstanding.

At the time of this report there was no information of the total asset value of the above six leases, so no accurate valuation can be calculated at this time. The recognition of 100% controlling interest in the above six leases though could have a significant impact on the companies total asset value, and thus may end up increasing the net asset value per share for the fund depending on their current shares outstanding.

As an asset, the fund will be able to recognize the value of the land, equipment, and PV10 value of the leases. PV10 is and oil and gas term which means the present value of the property discounted by 10%. This formula takes into account the current and potential future cash flow oil from the life of the property.

According to their last 10Q report filed on August 29, 2005, the company had reported around 4,700,000 shares issued and outstanding, with $1 million in total liabilities.

Current NAV = (unknown value - $1 million / 4.7 million shares)

The company reiterated that there was no assurance that Legend Investment would be able to obtain the appropriate bond to begin petroleum deliveries, or that they will be able to fully fund the above named leases. The company was expected to release additional information on the above six leases and production delivery once they acquire their appropriate bond issue at a later date.

http://www.pinksheets.com/quote/quote.jsp?symbol=lvcp

[sweet crude]

$.50 cash dividend per year?

If LVCP was projecting $.18 a year cash dividend with 30% interest, then they should now be projecting around $.50 cash dividend with 100% holding of leases.

So, for every 100,000 shares of LVCP someone owns they would receive $50,000 cash dividend a year...wow!

- Net Asset Value up to near $10 a share
- Cash Dividend up to $.50 per share

- stock only .90 per share

http://www.wallstreetnewscast.com/news/oil/lvcp1117.html

[sweet crude]

very lite float....

after .90 it seems like there is just a few shares at $1.20...then $2.

any little buying in this could send this moving - http://www.pinksheets.com/quote/quote.jsp?symbol=LVCP

It seems LVCP has oil and natural gas stored in their tanks and are ready for first pick up pending the bond from the state. Sorry to see what happened to TNOG today...wow, got clobbered, but will be interested to see what happenes next.

[sweet crude]

six natural gas leases

Legend Investment (OTC:LVCP) Obtains 100% Stake in Six Natural Gas Leases

http://news.search.yahoo.com/news/search?p=100%25+natural+gas&ei=UTF-8&fl=0&x=wrt

any thoughts?

[sweet crude]

can't believe no bids......

LVCP has a current NAV of around $4, and with the 100% ownership now of six leases that should boost LVCP net asset value (NAV) to around $7-$9, and $10+ if you base it on todays shares.

$10!!!!!!!!!!

and no buys at $0.90?......not even a bid at $0.10

[sweet crude]

LVCP should be trading at $6 - $7

LVCP is a closed-end fund, and not a stock, so is valued based on net assetvalue, not EPS.

NAV = assets - liabilities / shares outstanding

Assets = $60 million (these six leases)
Liabilities = $2 million
------------------------
$58 million

$58 million / 6 million shares outstanding = $9.66 per share

Total NAV per share for LVCP = $9.66

If you even give the stock a discount to current value, $6 to $7 is a fair value for where LVCP should be trading.

Am I the only onlyone seeing this????

[Rager]

takes volume to get interest...e

[sweet crude]

NAV jumps from $4 to $7-$10.......

and no interest, not even for like 500 shares at $0.90?

This shpul;d be trading at least around $3 a share, at least!

[sweet crude]

offering .90....no bids, yet

Butwith LVCP net asset up on 100% control of six leases this should be trading up.

- new porjected NAV = $7 to $10 - IMO

So, even it were to trade at a dsicount to NAV thats still a fair price of $5 to $7.

[Capt_Nemo]

TEst complete,,,,,,, please proceed!!!

[Rager]

ok thanx...I am showing ask of .90 lol

[sweet crude]

LVCP NAV up from $4 to $7-$10

Got his directly from company...believe they are working on PR for it. Can contact and email company directly to confirm.

Peter Klamka
[phone]
email: [e-mail]

MY TAKE

Now that they hold 100% ownership to these six leases their net asset value (NAV) should be up much higher. HC Oil & gas valued their 10 leases at $100 million asset value...so for simple sake lets say those 6 lease represent $60 million asset value.

$60 million - $2 million (liabilities) = $58 million (total assets)

$58 million / 6 million shares outstanding = $9.66 a share

* they only have 4.6 mill OS, but I figure lets just say 6 mill for any shares they need to issue to get this fully producing.

[Rager]

This is interesting...
Outstanding Shares: 4,600,000 as of 2005-10-25

Estimated Market Cap: 4.646M as of 2005-11-09 (based on Outstanding Shares as of 2005-10-25)
Float: 500,000 as of 2005-10-25

[Rager]

sweet c, not finding news anywhere, they did file an NT 10-Q this morn

[sweet crude]

Received big news on LVCP!!!!!!

Two key points:

- Oil & Natural Gas in tanks and ready for pick-up
- 100% interest in six lease should boost LVCP net asset value from like $4 to near $8 to $10 a share

$8 to $10 a share!!!!!


Nov. 14, 2005 -- Legend Investment Corp. (Other OTC:LVCP.PK - News) announced that the company has acquired 100% controlling interest in the following Fambro, Todd Allen, Allen 2, City of Goree, R Todd, and Powell Allen oil and gas leases.

The recognition of 100% controlling interest in the above six leases may have a significant impact on our balance sheet, and thus the net asset value of the company.

There can be no assurances of the total asset value of the above six leases, and how their acquisition may effect the company until approved by the Legend Investment Board of Governance, accounting, and legal team.

A comprehensive report on the above named leases is currently being conducted, and more details should be released publicly once available.

Legend Investment is also in the process in securing a bond issue to begin delivery of Oil and Natural Gas stored in the storage tanks on some of the leases. The issuance of the bond will allow us to begin recognizing immediate production cash flow from some of the leases, and keep current operations going.

There can no be no assurance that Legend Investment will obtain the appropriate bond to begin petroleum deliveries, or that Legend will be able to fully fund the above named leases.
About Legend Investment Corp.

Based in the Detroit area, Legend Investment Corp. is a fully reporting Business Development Company. Its activities are focused in the area of oil and natural gas investments. To request an investor packet on Legend Investment, contact Peter Klamka directly at [phone]. www.legendinvestment.com

The Company currently has 4,638,480 shares outstanding.


call the company to confirm - Peter Klamka [phone]

[sweet crude]

tanks full and ready for delivery

talked to the company and from what i uderstand the tanks of the property are full and ready for first pick-up....they just need some sort of paper work from state to begin deliveries.

Either way, with a net asset value of $4.00 and a current price of $0.90 it seems like a no brainer.

[sweet crude]

anyone following this one?

net asset value = $4.16

seems undervalued at $1.05

[Mattu]

TEst