8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                   FORM 8-K/A

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): April 27, 2009

                                   PPOL, INC.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

       California                  000-50065                 95-4436774
     (State or other           (Commission File           (I.R.S. Employer
     jurisdiction of                Number)            Identification Number)
      organization)

          3070 Bristol Street, Suite 440, Costa Mesa, California 92626
               (Address of principal executive offices)(Zip Code)

       Registrant's telephone number, including area code: (714) 937-3211


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
          APPOINTMENT OF CERTAIN OFFICERS.

As reported in PPOL, Inc.'s (the "Company") Form 8-K filed with the Commission
on April 27, 2009, Richard Izumi resigned as the chief financial officer and
secretary, and as a member of the board of directors, of the Company. Via e-mail
correspondence dated April 27, 2009, Richard Izumi disagreed with statements
made by the Company in its April 27, 2009, Form 8-K filing. A copy of Mr.
Izumi's e-mail correspondence in the foregoing regard is attached as an exhibit
to this Form 8-K/A.



ITEM 9.01 EXHIBITS.

Exhibit 17.1 - Richard Izumi e-mail dated April 27, 2009


                                      * * *

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated: April 29, 2009

                                       PPOL, INC.

                                       By: /s/ Masao Yamamoto
                                           -------------------------------------
                                           Masao Yamamoto,
                                           Chief Financial Officer and Secretary

EX-17.1

EXHIBIT 17.1


FROM: Richard Izumi
TO: Masao Yamamoto
SENT: Tuesday, April 28, 2009 8:10 AM
SUBJECT: Response to PPOL filing

April 27, 2009

VIA E-MAIL

Mr. Masao Yamamoto, CEO PPOL, Inc.
3070 Bristol Street, Suite 440
Costa Mesa, California 92626

Dear Mr. Yamamoto:

I have reviewed the disclosures PPOL has filed with the Securities and Exchange
Commission on April 27, 2009 via form 8-K. I disagree with the statement that
management has cooperated fully and provided all information requested in
connection with my internal investigation of the related party transactions and
reporting and/or disclosure requirements to Japan's equivalent of securities law
in the United States.

As an example, you have refused to let me meet with the Kanto Regional Financial
Bureau (Kanto Zaimukyoku, the "KFB") to inquire whether PPOL is required to
submit securities registration. As a compromise, I have requested to meet with
the attorneys who have accompanied you to the KFB on February 6, 2009 when you
sought the advice of KFB whether PPOL is required to submit securities
registration ("yukashoken todokede sho" in Japanese, "Registration Statement")
regarding transfer of shares or secondary offerings, pursuant to Article 4 of
the Japanese Financial Instrument Exchange Law ("Kinyushohin Torihiki Ho", Law
No. 25, 1948. the " Current FIEL"). You have refused to let me meet with the
attorneys. As a further compromise, I have requested such attorneys send a
letter to PPOL's SEC Counsel regarding this matter. You have refused to comply
with such request. I acknowledge, however, that you had such attorneys send you
a letter (the "Attorney Letter", attachment 17.3 to PPOL's 8-K, filed on April
27, 2009, in a form similar to what I had requested. You had also shared the
minutes of the meeting with KFB on February 6, 2009 (the "KFB Meeting Minutes").

The Attorney Letter states the KFB officer who had met with you on February 6,
2009 has advised you that PPOL is not required to submit securities registration
("yukashoken todokede sho" in Japanese, "Registration Statement") regarding
transfer of shares or secondary offerings, pursuant to Article 4 of the Japanese
Financial Instrument Exchange Law ("Kinyushohin Torihiki Ho", Law No. 25, 1948.
the " Current FIEL") because PPOL is not the one who transferred shares or
conducted secondary offering(s), therefore PPOL does not have obligation of
subsequent reporting, including securities reports ("yukashoken hokoku sho" in
Japanese, "Securities Report"), pursuant to Article 24 of the Current FIEL. The
Attorney Letter further states:

         This interpretation is contrary to our understanding that, according to
         Article 4 of the Current FIEL, PPOL as an issuer has an obligation for
         submission of a Registration Statement. Please also note that this KFB
         officer's advice is not legally binding.




Based on my review of the KFB Meeting Minutes, I believe material relevant
background information may not have been provided to the KFB officer for him to
provide the appropriate advice. They include, but are not limited to the
following:

         1.       There were at least three offerings conducted in Japan by Leo
                  Global Fund. The majority investor in Leo Global Fund is Green
                  Capital, a Japanese corporation, who is PPOL's ultimate parent
                  company.
         2.       The stock was offered to and purchased by over 5,000 Japanese
                  residents.
         3.       PPOL's wholly owned subsidiary, AJOL Co., Ltd. facilitated the
                  offerings.
         4.       Green Capital appears to have purchased PPOL stock, for its
                  own account in the US over-the-counter Bulletin Board market
                  through US broker dealers immediately before and after the
                  offerings in Japan.

Yours sincerely,

/s/ Richard Izumi