Planktos

I compare the (market enforced) humility of the emailer in the post below, even though he bastardized the Patton quote, "For over a thousand years Roman conquerors returning from the wars enjoyed the honor of triumph, a tumultuous parade. In the procession came trumpeteers, musicians and strange animals from conquered territories, together with carts laden with treasure and captured armaments. The conquerors rode in a triumphal chariot, the dazed prisoners walking in chains before him. Sometimes his children robed in white stood with him in the chariot or rode the trace horses. A slave stood behind the conqueror holding a golden crown and whispering in his ear a warning: that all glory is fleeting."
- Gen. George C. Patton

to this from David Kubiak, a business associate of the CEO of Planktos:

1) Are you still in touch with Russ George, who presented seminars at U.S. Secretary of the Navy, NASA Space Power Division, Los Alamos National Laboratory, The Naval Research Laboratory, Lockheed Martin Corporation and other military organizations?

Answer) I am not only still in touch with him, I am working with him to make two projects happen that would help end global warming and terminate the rule of energy corporations and dependence on fossil fuel. All this activity is documented in some detail at http://planktosinc.com and http://d2fusion.com.

Russ's unpaid lectures to the above organizations were about his cold fusion work and essentially warned them that this new phenomenon would not only change the world of physics, it would unrecognizably alter their political, economic and security environments as well. He was rarely if ever invited back.

Interogatee Editorial Observation (IEO): You are a twit.

and:

3) Can you explain in one sentence, why this "cold fusion" research is from any pratical use and how can you assure an independent research, not abused by any military influence?

A) By 2010 cold fusion reactors the size of dishwasher will offer every household in the industrial world a clean, cheap and totally decentralized source of heating and electrical power. Source: David Kubiak Responds to Nico Haupt David Kubiak, executive director of 911Truth.org

A little history. "COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS"

On August 10, 2005, Solar Energy Limited (“Company”) entered into and completed a Stock Purchase Agreement with Planktos, Inc. (“Planktos”) and Russ George, the sole shareholder of Planktos, in connection with the Company’s acquisition of 100% of the issued and outstanding stock of Planktos.

The Company acquired Planktos as a wholly owned subsidiary for a purchase price of one million five hundred thousand dollars ($1,500,000) in the form of a convertible debenture. The convertible debenture had a 5 year term, bore interest at 5% and was convertible into Company’s shares at 10% below market at any time after twelve (12) months and prior to the expiration of the debenture. The acquisition also committed the Company to assist Planktos in the process of becoming a public company either by reverse acquisition into an existing public entity or through offering assistance with an initial public offering of the common stock Planktos and to advance up to $1,500,000 in the form of loans over twelve months. On November 17, 2005, the Company and Mr. George agreed to amend the terms of the convertible debenture in order to permit Mr. George to convert the $1,500,000 purchase price into shares of Company common stock at any time prior to the expiration of the term of the debenture. Mr. George elected to convert the debenture into shares of the Company’s common stock at $1.00 a share on November 21, 2005.

On August 18, 2005, the Company entered into and completed a Stock Purchase Agreement with D2Fusion Inc. (“D2Fusion”) and Russ George, the sole shareholder of D2Fusion, in connection with the Company’s acquisition of 100% of D2Fusion’s issued and outstanding stock.

And something you'd rather not see from a portfolio name:

Non-Reliance on Previously Issued Financial Statements or Related Audit Report or Completed Interim Review.

(a)

(1) On August 17, 2006, Solar Energy Limited (“Company”) determined that the financial statements filed on Form 10-KSB for the period ended December 31, 2005 and on Form 10-QSB for the period ended March 31, 2006 should no longer be relied upon and require restatement.