The word "seems" is used in the sentence about the paperwork.

His post sounds like sarcasm directed against what was Legend Mobile.

Calc-

What I was trying to say about Ludlow Capital is that they had a planned sale on February 22, 2007. Someone at Ludlow apparently set up their stock for sale and got authorization. The planned sale usually indicates an intent to sell the stock. The fact that there is a planned sale would seem to indicate the probability that Ludlow actually sold is extremely high. There are a multiplicity of other factors that point towards selling also. I would expect Ludlow to sell their LGMB stock not too long after they are able to get authorization.

Klamka also issued GRSR shares that ended up in the hands of Barry Davis and Eric Wynn. Davis is a stock promoter (the Iceman from Icecold stocks). I am not sure what Wynn's role was in this but he often works with Barry Davis. So Klamka definitely appears to have associated with stock fraudsters.

Do you think it is more likely that Ludlow sold or that they did not? What is your view?

It seems that the facts indicate that the probabilities are immensely in favor of one possibility and not the other. Ludlow's planned sale of stock appears very shortly after the passage of one year from when the initiated coverage which was February 15, 2006.

Are you saying the planned sale that appears under Ludlow Capital was automatic and not the doing of anyone at that company?

Ludlow's stock appears under "planned sales" in Scottrade's insider transaction section.

Are you saying that automatically happened or are you just saying that anyone can have them freed up for selling? Unless the former, then wouldn't someone at Ludlow have to have prepared the planned sale?


About Barry Davis and Eric Wynn:

It is important to know about who Klamka has had ties with if you buy stocks for companies he is operating. Davis and Wynn were found guilty of crimes. This is factual.

http://home.att.net/~fcwriter/howe.htm (do a search for the name Davis and the name Wynn on this page)

http://www.citronresearch.com/index.php/2007/04/27/nucon-rf-in-cahoots-with-notorious-stock-fraudster-citron-exposes-the-truth/

http://www.citronresearch.com/wp-content/uploads/2007/04/barry-davis.pdf

http://www.citronresearch.com/wp-content/uploads/2007/04/barry-davis-2.pdf

I know you denounce Klamka and his criminal gang. Hiring Barry Davis and Eric Wynn, IMO, is basically proof enough for his con artistry (and there are many other reasons to believe that he is a con artist).

Some mimes apparently foresake mimicry. Odd that so many posts on that one board get deleted; however, certain name issues are not resolved.

Why were Ludlow's shares set for a planned sale if they did not do it themselves? Tilton's shares haven't appeared under a planned sale and he has had them for awhile.

It seems rather naive to believe Ludlow did not sell. Why did they chose that exact point to free up their shares? And Ludlow did make the decision to prepare their shares for sale. Check the planned sales.

Think about it. Wasn't that about one year after they probably first got them (when LVCP got involved with Girasolar)?

Would you say Barry Davis and Eric Wynn (Klamka's criminal friends) didn't sell too? Their names appear on the planned sales.

Although it is not possible to prove definitely that Ludlow sold it seems very safe to bet that way.

Obviously you are not bomson who posts on other sites because she does not have any favor for Ludlow.


You say Ludlow was dead on when they were favorable.

What about their $8.00+ target price? They might have started with something above $10.00 even. Why did Ludlow keep slowly lowering it? At one point they dropped it to about $4.00.

Also why did Ludlow spread rumors that actual business management (not talking about the shell part) did not authorize?

This link has their report on GRSR:

http://www.ludlowcapital.com/reports/grsr.htm

It used to be much more favorable than now. The present report still has some vestiges left of their more favorable period though.

If you check the planned sales for GRSR you will see that on February 22, 2007 Ludlow Capital had freed up their shares for sale. That was when they were still very favorable to the stock.

I saw Ludlow Capital liquidate their position in a stock they had recommended before begining to slowly back off.

It was not an accident or a mistake in stock selection. They put out a lot of speculation and rumors (which convienently were often very similar to ones spread on message boards). Ludlow sold way before they seriously cutback their rating on the stock.

The sale proved they did not care about their target price (which was way, way above the price they sold at).

If PK cannot sell his stock that would mean that if he is holding up the filings (I am not claiming this) then he has prevented himself from being able to sell the stock. That would seem to be quite strange.

If PK can actually hold up the filings (I am not claiming this either) then his motive would be much more questionable if he cannot sell stock. I really do not think that he would do this to hide something. Enough of his warts have already been seen. This is only really a possibility if he intentionally left things out in previous filings.

If the legal counsel is the problem/part of the problem with the filings then PK would not be holding them up.

If the insiders cannot sell because filings are not current then PK's cessation of sales makes sense. The company could have been current going into March-April (seems all filings were up to date until the 10K was due for the fourth quarter of 2007 & some other things).

I wonder why the company didn't pay/are not paying the legal counsel. That would seem to indicate that they likely are not planning on any legal action (if new counsel is not paid either).

Thanks for the post explaining certain things.

Greeting Calc. I do not believe most of the poster on the yahoo LGMB board do not realize LGMB's nature. The evidence seems too abundant and accessible. The behavior on that board also seems to indicate certain possibilities.

PK was selling his GRSR stock until recently (not exactly sure why the sales stopped-perhaps he cannot sell as some say or perhaps something else). I noticed that he does similar things with LGMB. In both cases he converts notes to stock.

LGMB is very flimsy. Considering the negative past, the very troubling management, and other factors it is better to put risk money elsewhere.

Well said Tobias.

Legend Investment acquired 51% of Girasolar's (a holding company in the Netherlands) private stock in early 2006.

After this transaction Legend Investment was renamed Girasolar, Inc.

Legend Investment was originally called something like Revolution Fighting.

That is interesting. I have wondered if there was a chance that one of PK's solar shells might have a slight chance of going with GRSR again.

The chairman of Girasolar says he won't let it happen.

We will see.

PK already merged a shell with Girasolar once before.

I mean bomo on Ihub's GRSR board and bomson0 on the Girasolar free forums board.

bomson0. Are you the same bomson who used to post on the Girasolar message board?

If so, how do you think PK's role in GRSR relates to LGMB?

I have not received an e-mail reply from the company for the last three or perhaps more e-mails. I sent the lastest one mid-last week.

Although it shouldn't matter I used different e-mail addresses for some of the e-mails even. The questions where nothing strange or unusual either.

Trading at sub-penny is only a very small distance away now.

Every week that passes without the company saying anything will drastically increase the odds that this will come.

The volume is rather small, however it is possible that someone who bought at a way higher price would have only this much to sell.

I don't think anything is coming out of the company very soon (though perhaps eventually in the future) as it appears that the are not speaking to investors currently.

It is not that they are saying, "We cannot say anything right now." It is that there is no response from e-mails. I read somewhere that they stopped responed to phone calls also. Possibly no one picks up.

JR2010, have you acquired any response as a result of your efforts?

I sent an e-mail recently and will await any reply.

Yes, a video update would be interesting.

Best of luck to you.

I cannot say with complete certainty whether that was Klamka who replied to my e-mail or not. But, I know for a fact that the reply came from this address: peter@legendinvestment.com

I think the reason the respondent stated that he was the Peter Klamka from Girasolar was that in the e-mail I sent had wording indicating that the e-mail was intended for Peter Klamka (in case someone else was checking the e-mail instead of him).

The Klamka reply is not too far from what I expected so I don't see it as too strange. It basically seems that PK either is telling the truth in this case (though he is still guilty of swindling) or that he is attempting to lie. Either that or someone else using his e-mail address is doing this.

If anything of importance stated in the e-mail that came from that Peter LegendInvestment address is wrong then I consider Klamka probably lied. If Klamka had someone else answer for him then he is probably trying to safeguard himself from legal trouble (which would imply guilt in some matter).

If that reply was from Klamka (which I think is probable) then if what is stated in the e-mail is not true then it will be proof to me that he lied.

Do you have any evidence that contradicts or casts doubt on Klamka's claims or did you hear or see anything at the Netherlands location that would contradict what Klamka stated? If so it could be examined to help determine what is going on.

I know that Klamka pumped the company to dump the stock but there still is not any proof that I have seen that he has been holding up the filings since his depature from the company.

I do not automatically trust Klamka but I am not going to be convinced the explanation that he is interfering with the filings is the correct one until sufficient evidence is supplied. He could be lying but it is also possible that Klamka is being used as an excuse. At least now I know what his direct position is and can tell that one of the two sides might be engaging in deception regardless of who is doing it.

If you e-mail Klamka (noting that it was either Koornstra or someone else from the BV that suggested sending him complaints) you will very probably get a similar response to what I receieved.

Got a reply from Klamka to a question about the filings.

Here is what he wrote (with the exception of the underline substitution):

"Dear _____:

I am the Peter Klamka from GiraSolar.

I have no knowledge that I am holding up any SEC filings. I have not been
asked by Wieland Koonstra or James Miller to provide any documents or to
assist in any way with the SEC filings for GRSR at any time since I left
the company.

I would be happy to do so as I am a shareholder like many others and I
believe that the filings are a critical part of being a public company.

If there is anything I could do to assist the company, I would certainly
do so.

Sincerely,
Peter Klamka"

I seek to contact Klamka too.

I tried his Legend Mobile e-mail address twice but had some failure to deliver message both times. It looks like that e-mail address is full from the what appeared in the failure to deliver message.

I will try to find another address from one of his companies. I intend to directly ask him some questions to see what response he gives.

What do you think Klamka needs to cooperate on that will get things moving?

If Klamka is the problem for both the current missing filings then will there be any 10K or 10Q filings in the future?

Seems like legal action could have been taking by now if they were going to do it.

If Klamka is only holding up the 10K then he basically doesn't matter. It seems that whatever factors are leading to the absence of the 10K are similar or the same for the missing first quarter report.

The talk that is circulating out from Girasolar is bringing some doubt to me as to whether there ever will be future filings.

I have thought that eventually there will be filings although it could take very long. However, it appears that the management is claiming that Klamka or Klamka plus other things are stopping the filings and that they have not yet resolved the problem. If this is indeed what management is trying to convey then perhaps they will keep making that claim in the future. Perhaps one day they will say that no filings can ever occur because of some action by Klamka. This claim could be made regardless of whether Klamka is the culprit or whether he is not the culprit.

Maybe that won't happen but it now sounds quite possible.

The second quarter report will probably be due on August 15 (August 20 if an extension is gained).

Hmm.. The hints from the company so far have been vague although PK seems to be a common thread in most of them.

I don't think that there is any reason that they could not file at least one 10Q if they were completely committed to that course of action.

If the working capital is the main issue then wouldn't that be ominous for the company? Does anyone have a ball park estimate as to how much money it costs to complete the steps to get a filing out to the SEC?

If there was some type of illegal fraudulent arrangements with the public company that were recently uncovered, either the shares or something else, (of which there seems to be no evidence right now) then they need to have had people cleaning house. The longer this goes on the less likely this scenario seems. WK always had at least half the preferred shares after the merger anyways so it would seem like he would have been able to watch what was happening. Also, not sure if Klamka would doing something this blatantly risky.

Correction: about 420,000 every three months.

Regarding Klamka and insider shares

Klamka is restricted to selling some amount of the O/S every three months. I think it was 1% of the O/S every three months.

He can sell somewhere around 420,000 shares per month. He seems to have close to 9.1 million shares.

A question for JR2010:

Did WK or anyone else at Girasolar indicate whether Klamka's shares and potential sales had anything to do with the current situation (lack of news and filings)?

There are two reasons I see why the company might go private.

1. There is something or are things to hide.

2. Something happened after the merger that fatally compromised the stock. If Klamka or someone else did something that ruined the future of the stock, in the pursuit of monetary gain, or just made a terrible mistake (less likely).

Since the company was willing merge with a pink sheet shell to go public it would be very strange to reverse that decision and go private. If the management knows anything about pink sheet stocks then they should not be suprised about the difficulties they are encountering.

It does not seem to make sense that they would go private. That would have defeated the whole purpose of getting listed. If you merge with a pink sheet shell you have to have some idea of what you are doing so I doubt that management believes going public was a mistake.

Are the new ones capable though? The OTC listing situation is still a problem even into May and almost June now so it does not appear that it is being resolved except at a very gradual speed. U.S. laws are not to blame. A lot of companies are on OTC as it is easy to get on.

There is something wrong. It doesn't have to be the lawyers or accountants. It can be that, however it could be something else.

I have no evidence that Klamka is currently affecting the 10Q (maybe the 10K, but not the 10Q) so I am not going to consider that certain or likely until something appears that gives some type of indication that that is the case.

Klamka likely cannot have stopped the 10Q from being filed. If there had been plans to release the 10K within a few days of the 10Q due date then it would have maybe made some sense to delay the 10Q while working on the 10K, however since this definitely does not appear to be the case then it is hard to explain why the 10Q is not finished.

Since then 10Q has not filed apparently there is something else going on than just Klamka. The question is what exactly is it...

Do they need new accountants or lawyers or is there something else?

Upon examining the situaton it appears that there is something or there are things that are still "wrong." Bringing whatever this "thing" is or these "things" to a head and finishing it/them off and explaining it/them publicly now needs to be a prime priority.

The extent and nature of the "wrong" is not entirely clear.

Unless Klamka is more powerful than it would appear on the surface then there is something else at work here than his oft cited past laxness, indifferenec, or stalling. Maybe there is a fight with Klamka or something else with him but whatever it is it is doubtful that he is actually calling the shots anymore.

Re: XSNX

XSNX is good at conning people into buying the stock. Although it appears to be a pump and dump company it seems to be unusually successful at that task. Citron had an article about that company.

There are probably tons of people like Klamka and Tilton so relying on name recognition won't really make the OTC junk yard safe.

The vast majority of pinks and OTC BB stocks are junk anyways.

If you see the names: Tilton, Klamka, Barry Davis, Eric Wynn, Howard Ash, or another member of this pump and dump gang run for the hills. This is not any type of personal slander. If you investigate the background of what these people do it is possible to confirm this. This crew will probably seek out new associates in the future so the list will probably expand. The stock may go up at times, however it will fall and fall hard. A legitimate company would not be run by any of these people nor would it give them shares (in case they try to get tricky in the future). This crew will unload even while Barry Davis/Iceman and whatever other lesser pumpers have been hired are saying buy.

If you buy one of these stocks it is a huge gamble and not a long term investment.

That is what it sounds like to me. I checked the shareholder letter again after typing the other two posts and came to a similar/same conclusion.

I mean are the Dutch entity's payments linked to Girasolar's payments or are they independent? If they are dependent then is ownership of the notes conditonal on the entity's pyaments or Girasolar's?