GiraSolar Inc. (fka GRSR)

[englishman26]

I had a very detailed, interesting and realistic email from WK this morning. I've only swapped a couple of emails with him in the past but it seemed like a good time. I expect others on here have also gotten messages from him. There's nothing that exciting to be said and obviously he's not providing me with insider information but I think it's worth summarizing what he said - for better or for worse.

- management of the US part of the company has been changed and he is very positive they are now more in line with the needs of the company; their priorities currently being uplisting and then extra financing. (In that order).

- they have had 300% growth since 2005 when you consider that 16M of orders were processed early in 2006, rather than 2007 (we all knew that, but anyway).

- patents are being processed and are very important to the company.

- current solar market is 100% oversupplied compared to current demand. Therefore emerging markets of Turkey and Africa are very important to the company and they continue to develop there.

- they made a policy decision to not PR deals under 1M but now almost every deal is under 1M. They will PR more after the uplisting.

- every year is make-or-break for a small company and he genuinely doesn't know which way it will go.

I found his honesty and attention to the detail of my questions (which I haven't reproduced here really) very encouraging and refreshing. The last 2 years have obviously been a waste in many ways. GRSR is still a gamble - but at these levels not much of one. He's made me feel very positive about the year ahead. We'll see.