Applied Solar, Inc. (fka APSOQ)

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Renee

06/28/12 10:18 AM

Post #247

Re: #246: @Renee - APSOQ SEC Suspension:

APSOQ revoked:

http://www.sec.gov/litigation/admin/2012/34-67287.pdf

Renee

05/18/12 9:33 AM

Post #246

APSOQ SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-67015.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2012/34-67015-o.pdf

ADMIN Proceeding:

http://www.sec.gov/litigation/admin/2012/34-67016.pdf

Penny Roger$ Free

05/09/12 2:34 PM

Post #245

Palo

03/18/11 10:05 AM

Post #244

Re: #243: @Palo - www.wallstreet-online.de/aktien/Applied-Solar-Aktie insert-text-h

0,0080 +100,00 %

+0,0040

Stuttgart (EUR), 18.03.11 | 14:31 APPLIED SOLAR INC. - Aktie
WKN: A0RFL4 | ISIN: US0382401075 | HNS

Palo

03/18/11 8:11 AM

Post #243

Re: #242: @Investox - Applied Solar (APSOQ) closes at $ 0.014 150%

insert-text-here

Germany buy it....

Investox

03/17/11 4:25 PM

Post #242

Re: #241: @tgler - wow

Applied Solar (APSOQ) closes at $ 0.014 150% this will be a Tenbagger ?

tgler

03/17/11 4:00 PM

Post #241

wow

sicctrading Free

01/10/10 7:45 PM

Post #240

Re: #238: @stocky101 - How are u Reading this Marine, A Buy?

Hello Applied Solar Board, Got this one on radar. Anything I should know while looking into this company.

*MARINE 1* Free

01/08/10 7:20 AM

Post #239

Re: #238: @stocky101 - How are u Reading this Marine, A Buy?

A watch until I see some real volume. He's got deep pockets but I don't know what he's doing right now.

I have this as one of my scottrade symbols to watch this month. lets close that gap first smile

GL

stocky101

01/07/10 9:31 PM

Post #238

Re: #237: @*MARINE 1* - http://www.secform4.com/insider-trading/1440659.htm

How are u Reading this Marine, A Buy?

*MARINE 1* Free

01/07/10 8:53 PM

Post #237

http://www.secform4.com/insider-trading/1440659.htm

http://www.implu.com/person/155014

*MARINE 1* Free

01/07/10 8:38 PM

Post #236

2009-12-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D

Sole Voting Power
753,322,321

Joseph P. Bartlett
The Law Offices of Joseph P. Bartlett, A Professional Corporation
17050 Sunset Blvd.
Pacific Palisades, CA 90272
(310) 584-1234
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

(a) As of the date of this Schedule 13D, the Reporting Person
beneficially owns 753,322,321 shares of Common Stock, comprising of the
securities listed on Item 5(c) below (collectively, the "Securities"). The
Securities represent 84.8% of the total outstanding shares of Common Stock
(based on 134,642,515 shares of Common Stock as reported on the Issuer's 10-Q
filed with the SEC on 4/20/09 and after giving effect to the exercise and
conversion of the Securities).

PleaseSaytheD Free

07/06/09 3:57 PM

Post #235

anyone with this stock better get out now

http://finance.yahoo.com/q;_ylt=Aq2fSGwl8cfDs84fhGwviUrxVax_?s=APSO.OB

mike306oh

06/02/09 3:59 PM

Post #234

I see, as usual, Cornell did a "great" job running this potentially good company into the ground. Now, the new investor wants BK reorganization, or I did not understand it correctly? Anyone?

Mike

john wayne Free

05/24/09 1:19 PM

Post #233

Re: #232: @CaliCash - Agreed, that's what annoyed me the most. I'd

Ahhh, We'll get the next one.

CaliCash

05/24/09 12:21 PM

Post #232

Re: #231: @john wayne - Nah you made the right play here.

Agreed, that's what annoyed me the most. I'd move my ask down, someone would buy a 40-50k block, which would have easily taken me out, but I would only fill for a few shares out of the block, even though I moved the ask down. Oh well.

john wayne Free

05/24/09 2:17 AM

Post #231

Re: #230: @CaliCash - Sorry. I bought 20k at .03, then when

Nah you made the right play here. Your right it just was trading so oddly. There would be a few times it would have some hits at the ask and about the time I would get ready to post that it was turning, the dang thing would get clobbered back down.

There was never any kind of sustained buying at the ask though, and it was clear someone was dumping. it will get flushed down to sub penniy then dead cat bounce. That'll be the end of it imo.

CaliCash

05/24/09 2:10 AM

Post #230

Re: #229: @john wayne - Glad you made a few. Looks like

Sorry. I bought 20k at .03, then when I went to put my sell I accidentally entered as a buy (what I get for waking up at 6:29am and placing an order at 6:31am)
doubled up at the ask, averaged to .0315 and got a bit scared so I sold for a small profit. Hope you get out of this one without too much loss. Could be a decent "q" play later to make back your losses

john wayne Free

05/23/09 2:26 PM

Post #229

Re: #228: @CaliCash - took my profits at .035 the other day,

Glad you made a few. Looks like I #ill sell for a small loss.

CaliCash

05/23/09 1:26 PM

Post #228

Re: #226: @john wayne - Heads up buddy. This one's BK.

took my profits at .035 the other day, but thanks for the warning =]

JJdivini

05/23/09 12:55 PM

Post #227

APSO News: Applied Solar to seek bankruptcy protection... A potential future "Q" play!

Fri May 22, 2009 8:39pm EDT;

*Applied Solar to seek Chapter 11 bankruptcy in next month

*Reached loan deal with primary investor The Quercus Trust

*In talks about extension of DIP financing

LOS ANGELES, May 22 (Reuters) - U.S. solar company Applied Solar Inc (APSO.OB) said on Friday it will seek Chapter 11 bankruptcy protection in the next month as part of a loan agreement with its largest investor, The Quercus Trust.

The San Diego maker of building-integrated solar products said it borrowed $698,000 from Quercus, an investment firm that focuses on clean technology companies. Quercus is run by investor David Gelbaum.

As part of its agreement with Quercus, Applied Solar is required to file for bankruptcy within 30 days following the date of the loan.

Quercus officials were not immediately available for further comment on the announcement.

"The current state of the financial markets combined with a difficult and complicated capital structure have made it extremely challenging for the company to secure needed financing," Chief Executive David Field said in a statement.

"We are hopeful that a restructuring will enable the company to emerge stronger and in a better position to capitalize on the anticipated future growth in the solar industry."

Earlier this month, Applied Solar said Quercus had advised the company that it was unwilling to fund its operations at current expense levels.

On Feb. 28, the company had $900,000 in cash, it said in a filing with the U.S. Securities and Exchange Commission.

The company is in talks with potential financing sources, including Quercus, concerning the extension of debtor-in-possession (DIP) financing.

Applied Solar, formerly known as Open Energy, earlier this year struck an exclusive licensing deal with Chinese solar company Suntech Power Holdings Co Ltd (STP.N). Under that deal, Suntech said it would manufacture, distribute and market Applied's lightweight solar roofing products.

Suntech officials were not immediately available to comment on Applied Solar's planned bankruptcy. (Reporting by Nichola Groom; Editing by Richard Chang)

© Thomson Reuters 2009 All rights reserved

Chat about it here; http://investorshub.advfn.com/boards/board.aspx?board_id=15379

john wayne Free

05/23/09 2:42 AM

Post #226

Re: #222: @CaliCash - Not too sure, probably .04 but you never

Heads up buddy. This one's BK.

john wayne Free

05/22/09 9:15 PM

Post #225

Re: #224: @di4 - Applied Solar Announces Restructuring

Crud. Thanks for the info.

di4

05/22/09 7:37 PM

Post #224

Applied Solar Announces Restructuring
May 22, 2009 6:40:00 PM
Copyright Business Wire 2009

Email Story Discuss on ZenoBank

View Additional ProfilesSAN DIEGO--(BUSINESS WIRE)-- Applied Solar, Inc. announced today that it had begun the process of restructuring its operations. On May 22, 2009, the Company entered into a definitive loan and security agreement with The Quercus Trust, pursuant to which the company borrowed $698,000 under a short-term loan that matures on June 15, 2009. As a condition to the loan, the company is required to file for reorganization pursuant to Title 11 of the U.S. Bankruptcy Code within thirty days following the date of the loan. The company is currently engaged in discussions with potential financing sources, including The Quercus Trust, concerning the extension of debtor-in-possession or "DIP" financing to support the Company's operations during its reorganization.

David Field, President and CEO of the company remarked, "Despite very promising macro and micro business trends affecting the company, including solid relationships with its business partners, the current state of the financial markets combined with a difficult and complicated capital structure have made it extremely challenging for the company to secure needed financing. We are hopeful that a restructuring will enable the company to emerge stronger and in a better position to capitalize on the anticipated future growth in the solar industry."

At the present time, no binding commitment to provide DIP financing by The Quercus Trust or any other party has been received and there can be no guarantee that the company will obtain such financing.

Safe Harbor for Forward-Looking Statements

Except for statements of historical fact, the information presented in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, achievements or financial condition of the Company to be materially different from any future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. These statements are based on the Company's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "may," "would," or "will" or variations of such words and similar expressions may identify such forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements are not guarantees of future performance. Factors which may impact them include, but are not limited to, general economic and business conditions, customer demand for the Company's products, the Company's ability to execute on its business plan, performance of the Company's licensing partners, the downturn in the real estate market in the United States, the Company's need for additional financing and its ability to continue as a going concern, or effectively reorganize its operations, the Company's ability to commercialize its Solar Communities(TM) initiative and new products under development or recently introduced and other factors over which the Company has little or no control. All such statements are therefore qualified in their entirety by reference to the factors specifically addressed in the sections entitled "Risk Factors" in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. New risks can arise and it is not possible for management to predict all such risks, nor can management assess the impact of all such risks to the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements speak only as of the date thereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements in order to reflect any event or circumstance that may arise after the date hereof, other than as required by law.

Source: Applied Solar, Inc.

----------------------------------------------
Applied Solar
Inc.
David Field
President and CEO
858-909-4080

john wayne Free

05/15/09 10:42 AM

Post #223

Re: #222: @CaliCash - Not too sure, probably .04 but you never

This one isn't ready IMO. Hoping for just a little green with it today. Did you play IDGC?

CaliCash

05/15/09 10:23 AM

Post #222

Re: #221: @john wayne - Not a bad start for this one.

Not too sure, probably .04 but you never know, these "natural resistances" sometimes break way easier than expected

john wayne Free

05/15/09 10:17 AM

Post #221

Re: #220: @CaliCash - hey there John, let's see some action today =]

Not a bad start for this one. I've not spent much time looking at the charts, where's resistence at?

CaliCash

05/15/09 9:32 AM

Post #220

Re: #219: @john wayne - Hello Cali.

hey there John, let's see some action today =]

john wayne Free

05/14/09 9:55 PM

Post #219

Re: #218: @CaliCash - bought some shares today

Hello Cali.

CaliCash

05/13/09 10:00 AM

Post #218

bought some shares today

brwtrpilot Free

02/24/09 4:06 AM

Post #217

I have a lot in play on other stocks so don't have much time
but have a few questions..
maybe you can help. I am looking for a manufacture US only of s panel. # 2 they can not be making a profit #3
the stock needs to be cheep. I think this is it..
but with all the filings listed on recent post I don't want to get caught in a R/split..
If you could message me it would be great and I will pass on a lil tidbit of info that may be important...
thanks in advance
brwtrpilot

up-down

02/05/09 4:21 PM

Post #216

Re: #215: @up-down - Stock options

Liquidity and Capital Resources

We have incurred losses since our inception totaling approximately $111,085,000 through November 30, 2008. In the past, we sold our products at a negative margin to gain market share. We are unsure when, if ever, our new licensing strategy will start generating significant revenues, and we are unsure if and when we will become profitable.

As of November 30, 2008, we had cash and cash equivalents of $1,465,000 and negative working capital of $6,360,000. For the six months ended November 30, 2008, we used $3,678,000 of cash in operations. Financing activities provided $4,816,000 of cash during the quarter, with $1,950,000 in gross proceeds resulting from the sale of promissory notes, and $4,200,000 in cash proceeds from the sale of warrants.

During the six months ended November 30, 2008, we funded our operations through proceeds from the sale of equity and debt securities. We have no unused sources of liquidity. Thus, we will need to raise additional capital through equity or debt financing in the near future to continue operations and implement our business strategy.

In September 2008, we entered into a forbearance and repayment agreement with our largest supplier, Suntech. The forbearance agreement provided for a payment plan for approximately $3 million of payables due as of the agreement date with interest at 12% per annum. Pursuant to the forbearance agreement, we paid $1 million on September 19, 2008, and agreed to pay $500,000 on or prior to January 15, 2009 and six payments of $297,558 on a monthly basis beginning on March 15, 2009, until the entire amount is paid in full.

To date, we have been unable to meet forecasted sales and margin projections and as a result have experienced significant negative cash flow for an extended period of time. Based on our current cash usage rate, we estimate that we currently have adequate cash to fund operations through the end of March 2009. Our ability to continue as a going concern is dependent on obtaining additional financing to support our working capital requirements. Management is pursuing a number of possible debt and equity financing opportunities in an effort to address these requirements. However, we cannot currently predict the likelihood of being able to raise additional debt or equity financing in an amount, nature or on terms that would be acceptable to us and if we are unable to obtain additional financing or grow our revenues and increase profitability, we may not have sufficient cash to satisfy all ongoing capital requirements and previously incurred liabilities and will have to substantially curtail or cease operations.

http://sec.gov/Archives/edgar/data/1176193/000101968709000232/oegyob_10q-113008.htm

up-down

02/05/09 4:16 PM

Post #215

Re: #214: @up-down - Manufacturing and License Agreement with Suntech

Stock options

On September 23, 2008, the Company granted options to purchase 40,573,640 shares of the Company’s common stock with performance based vesting to executives and other key employees. Vesting of the performance based awards is contingent upon achievement of various strategic, company-wide milestones, including execution of licensing agreements for the Company’s technology, financing milestones relative to the Solar Communities initiative, and certain marketing objectives.

The performance based options were granted at-the-money, contingently vest over the estimated performance period depending on the nature of the performance milestone (over 90 or 180 days), and have contractual lives of 10 years. The fair value of each performance based option grant was estimated on the date of grant using the same option valuation model used for time based options granted under the 2006 Plan, assuming that performance goals will be achieved. If such goals are not met, no compensation cost is recognized and any recognized compensation cost is reversed. The inputs for expected volatility, expected dividends, and risk-free rate used in estimating those options' fair value are the same as those noted in the table related to options issued under the “Time-Based Vesting Options”.

During the three months ended November 30, 2008, three 90-day milestones, representing options to purchase 15,215,111 shares of the Company’s common stock, out of a total of eight milestones were deemed probable of achievement resulting in recognition of compensation expense of $702,000, which was included in general and administrative expense. The remaining five milestones were not deemed probable of achievement and therefore no related compensation cost has been recognized to date. As of November 30, 2008, there was $1.7 million of total unrecognized compensation cost related to non-vested performance based compensation arrangements; the majority of which cost is expected to be recognized over the applicable requisite service period once achievement is deemed probable.

At November 30, 2008, the Company had performance based options to purchase 40,573,640 shares of the Company’s common stock outstanding, none of which were vested. Weighted average fair value of performance based options (measured using the stock price at the date of grant) granted during the three and six months ended November 30, 2008 was $0.0602. There were no performance based options exercised during the three and six months ended November 30, 2008.

http://sec.gov/Archives/edgar/data/1176193/000101968709000232/oegyob_10q-113008.htm

up-down

02/05/09 3:55 PM

Post #214

Re: #213: @up-down - 50:1 RS coming ???

Manufacturing and License Agreement with Suntech

On December 17, 2008, the Company entered into a manufacturing and license agreement (the “Membrane License Agreement”) with Suntech pursuant to which, among other things, the Company granted Suntech an exclusive license of the intellectual property associated with the Company’s solar membrane product and any similar or new generation membrane products (the “Membrane Products”). Pursuant to the Membrane License Agreement, Suntech will have the exclusive right to manufacture and sell the Membrane Products on a worldwide basis during the term of the Membrane License Agreement, which extends through December 31, 2013. The Company will earn royalties as a percentage of Suntech’s total sales of the Membrane Products on a quarterly basis during the term of the Membrane License Agreement in accordance with a formula specified in the Membrane License Agreement.

http://sec.gov/Archives/edgar/data/1176193/000101968709000232/oegyob_10q-113008.htm

http://finance.yahoo.com/q/pr?s=stp

up-down

02/05/09 3:50 PM

Post #213

Re: #210: @up-down - 8-k dated 01-22-2009

50:1 RS coming ???

At the Company's annual meeting of stockholders in December 2008, the Company's stockholders approved two separate amendments to the articles of incorporation, neither of which has been effected.

The first amendment would increase the Company's authorized capital stock from 1,125,000,000 common shares to 3,000,000,000 common shares.

The second amendment would effect a reverse split of the Company's common stock, at a rate of up to 50-for-1, as determined by the board of directors, which has the authority to effect such a reverse stock split within the one year period immediately following the date of the stockholder approval.

up-down

02/05/09 3:33 PM

Post #212

Re: #211: @up-down - Quercus Trust just filed ownership of those 15M warrants

Note 16 – Convertible Debentures – Related Party

Subsequent to the completion of the September 2008 SPA, transactions between the Company and The Quercus Trust or its trustee, David Gelbaum, are considered related party transactions, due primarily to the significant influence and level of control gained by these parties as a result of the September 2008 SPA transaction. Accordingly, during the quarter ended November 30, 2008, we reclassified convertible debentures with a carrying value of $3,221,000 from convertible debentures to convertible debentures – related party. In addition, amounts presented in the comparative balance sheet herein as convertible debentures – related party as of May 31, 2008, in the amount of $4,781,000, were not previously reported as related party transactions, but have been reclassified to be shown as related party transactions in order to be consistent with the current classification.

The September 2008 SPA amended certain provisions of the Company’s outstanding Series B Convertible Notes held by The Quercus Trust (the” 9/17/2007 Note”) and other holders. Transactions between the Company and The Quercus Trust or its trustee, David Gelbaum, are considered related party transactions. These amendments (1) provided that future interest payments shall be made in the form of warrants in the form of those issued in the September 2008 financing, (2) add additional protective covenants, (3) provide for the granting of voting rights to the holders of the Series B Convertible Notes, subject to the approval by the Company’s stockholders of an amendment to the Company’s articles of incorporation to provide such voting rights.

The issuance of warrants pursuant to the September 2008 SPA caused the reset of the exercise and conversion prices applicable to certain warrants and convertible debentures exercisable for and convertible into shares of the Company’s common stock to $0.087 per share, and an adjustment to the number of shares of the Company’s common stock into which these instruments are exercisable or convertible. As a result of these adjustments, the number of shares into which all affected outstanding debentures are convertible increased from approximately 42,000,000 to 241,379,000 in the aggregate, and the number of shares for which all affected outstanding warrants are exercisable increased from approximately 76,000,000 to 676,509,000 in the aggregate, including warrants issued in lieu of cash interest in October 2008, based on the anti-dilution provision of the respective instruments governing such securities.

In connection with the 9/17/2007 Note and 9/17/2007 Warrant, we originally recorded debt discount in the aggregate amount of $16,910,000 in accordance with EITF 98-05, Accounting for Convertible Securities with Beneficial Conversion Features or Contingently Adjustable Conversion Ratios and EITF 00-27, Application of Issue No. 98-05 to Certain Convertible Instruments. As a result of the debt discounts recorded in connection with the 9/17/2007 Note, the effective interest rate on the date of issuance was estimated to be approximately 64%. As a result of the September 2008 SPA and corresponding reduction in conversion price from $0.50 to $0.087, the Company recorded an additional debt discount of $3,090,000 related to the increase in intrinsic value of the beneficial conversion feature raising the effective interest rate to 106%. Additionally, the Company recognized interest expense of $11,030,000 related to the increase in the fair value of the detachable warrants due to the modification of terms described above.

As of November 30, 2008, the 9/17/2007 Note was convertible into 229,885,000 shares of the Company’s common stock, exclusive of accrued interest of $201,000.

------

Redemption of Series B Convertible Notes

Under the terms of the September 2008 SPA we entered into with The Quercus Trust, we are required to amend our articles of incorporation to provide voting rights to the holders of our Series B Convertible Notes (referred to above as the 9/17/2007 Note and the 12/7/2007 Note) by March 12, 2009. At our annual stockholders meeting held in January 2009, we submitted a proposal to our stockholders to approve an amendment to our articles of incorporation to provide for such voting rights. Our stockholders did not approve that proposal. We may seek to obtain such amendment at a later date, but if we are not successful, we may be in default under the terms of the September 2008 SPA and the holders of our Series B Convertible Notes may be entitled to require us to redeem all or any portion of such notes. We may negotiate with the holders of the Series B Convertible Notes and The Quercus Trust to waive the voting right requirement, but we can give no assurance that we will be successful in this regard or that such waiver will be available on favorable terms

up-down

02/05/09 3:13 PM

Post #211

Re: #210: @up-down - 8-k dated 01-22-2009

Quercus Trust just filed ownership of those 15M warrants

dated 2/4/09

http://sec.gov/Archives/edgar/data/1176193/000101968709000390/xslF345X03/edgar.xml

up-down

02/05/09 3:08 PM

Post #210

Re: #209: @up-down - On June 3 and June 10, 2008, the

8-k dated 01-22-2009

Item 1.01 Entry into a Material Definitive Agreement

On January 15, 2009, we issued warrants to acquire a total of 15,879,450 shares of our common stock to the holders of our Series B Convertible Notes, in lieu of the payment of cash interest in the aggregate amount of $317,589. These warrants were issued at a rate of $.02 per share, with an exercise price of $.067 per share. These warrants contain a cashless exercise feature that first applies one year after issuance if the resale of the underlying shares is not covered by an effective registration statement. These warrants have a term of three years and benefit from antidilution protection. The form of warrant is substantially the same as the September 2008 Warrant filed as Exhibit 4.2 to the Form 8-K filed with the SEC on September 18, 2008, except as described herein.

Item 3.02 Unregistered Sales of Equity Securities

The information set forth under Item 1.01 is incorporated into this Item 3.02 by reference. The warrants described herein were issued as restricted securities exempt from registration under Section 4(2) of the Securities Act and Regulation D thereunder.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Effective January 16, 2009, Open Energy Corporation, a Nevada corporation ("we," "us, "our, or the "Company") changed its name from Open Energy Corporation to Applied Solar, Inc. The name change was effected through the merger of our wholly-owned subsidiary, Applied Solar, Inc., a Nevada corporation, with and into us pursuant to articles of merger, a copy of which is filed as Exhibit 3.1 to this report and incorporated herein by reference. Neither the merger nor the amendment of our articles of incorporation to change our name required shareholder approval under applicable Nevada law.

Following the name change referenced above, on January 20, 2009, we amended our articles of incorporation to increase the number of shares of common stock we are authorized to issue from 1,125,000,000 to 3,000,000,000. We effected the increase by filing an amendment to our articles of incorporation with the Nevada Secretary of State, a copy of which is filed as Exhibit 3.2 to this report and incorporated herein by reference.

up-down

02/05/09 2:59 PM

Post #209

Re: #208: @up-down - Applied Solar Announces Ticker Symbol Change

On June 3 and June 10, 2008, the Company received aggregate funding of $1,950,000 under the $3,500,000 Loan (see Note 14), bringing the total amount borrowed under this loan to the full $3,500,000. There is no additional borrowing capacity under this loan.

On September 12, 2008, the Company entered into a definitive securities purchase agreement with The Quercus Trust (“Quercus”). The securities purchase agreement ("SPA") provides for the sale to Quercus of warrants to acquire 235,000,000 shares of the Company’s common stock at a purchase price of $0.02 per warrant for total cash proceeds of $4.2 million, the satisfaction of $300,000 of accrued and outstanding interest on the Series B Convertible Notes held by Quercus and a $200,000 restructuring fee for the amendment of certain terms of the $3.5 million secured loan previously extended to the Company by Quercus. The warrants have a three year term with an initial exercise price of $0.067 per share (see Note 19).

On September 12, 2008, the Company entered into a forbearance and repayment agreement with the Company’s largest supplier. The forbearance agreement provided for a payment plan for approximately $3 million of payables due as of the agreement date from the Company with interest at 12% per annum. Pursuant to the forbearance agreement, the Company paid $1 million on September 19, 2008, and further agreed to pay $500,000 on or prior to January 15, 2009, and six payments of $297,558 on a monthly basis beginning on March 15, 2009, until the entire amount is paid in full (see Note 13).

The Company believes that its current cash will only provide sufficient working capital to fund its operations through March 2009. Its current cash requirements are significant due to existing payment obligations and the need to bring in additional personnel to support sales efforts; research and development expenses; and other operational expenses. The Company expects to continue to incur significant negative cash flow from operations during fiscal 2009. Thus, additional equity or debt financing will need to be raised in the near future to implement the Company’s business strategy.

http://sec.gov/cgi-bin/browse-edgar?company=&CIK=0001176193&action=getcompany

up-down

02/05/09 2:15 PM

Post #208

Re: #207: @stocktrader1 - I would like to welcome up-down as our

Applied Solar Announces Ticker Symbol Change

Monday February 2, 2009, 7:08 pm EST
SAN DIEGO--(BUSINESS WIRE)--Applied Solar, Inc. (OTC BB: OEGY - News) announced today that the Company’s ticker symbol will change to APSO.OB from OEGY.OB, effective February 3, 2009. This follows the Company’s recent name change, reflecting its new strategy offering innovative solar solutions for every rooftop. Applied Solar will continue to trade on the over-the-counter (OTC) Bulletin Board under the new ticker.

About Applied Solar, Inc.

Applied Solar, Inc. is a next-generation solar energy company that develops solar energy solutions, innovative solar products and energy management applications. Applied Solar, Inc.’s award-winning products include proprietary, cost-competitive and attractive BIPV solar tiles, membranes and asphalt/composition products. In addition, the EcoTouch™ Energy Management System gives consumers control over their energy usage while saving money. Applied Solar, Inc.’s portfolio of products and services are coupled with innovative financing to enable green Solar Communities that provide low-cost power with little to no upfront cost to the consumer. Applied Solar, Inc. is headquartered in Solana Beach, California. For more information, visit http://www.appliedsolar.com.

Safe Harbor for Forward-Looking Statements

Except for statements of historical fact, the information presented in this filing constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, achievements or financial condition of the Company to be materially different from any future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. These statements are based on the Company's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "may," "would," or "will" or variations of such words and similar expressions may identify such forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements are not guarantees of future performance. Factors which may impact them include, but are not limited to, general economic and business conditions, customer demand for the Company's products, the Company's ability to execute on its business plan, performance of the Company’s licensing partners, the downturn in the real estate market in the United States, the Company's need for additional financing and its ability to continue as a going concern, the Company's ability to commercialize its Solar Communities™ initiative and new products under development or recently introduced and other factors over which the Company has little or no control. All such statements are therefore qualified in their entirety by reference to the factors specifically addressed in the sections entitled "Risk Factors" in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. New risks can arise and it is not possible for management to predict all such risks, nor can management assess the impact of all such risks to the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements speak only as of the date thereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements in order to reflect any event or circumstance that may arise after the date hereof, other than as required by law.

Contact:
Investor Relations:
Integrated Corporate Relations
John Mills, 310-954-1100
jmills@icrinc.com
or
Media Relations:
Integrated Corporate Relations
James McCusker, 203-682-8200
jmccusker@icrinc.com

stocktrader1 Free

02/05/09 11:23 AM

Post #207

I would like to welcome up-down as our new assistant mod. He did the original i-box here and has offered to revamp what we currently have which of course is outdated.

Thanks and welcome!

chartman2000 Free

01/21/09 8:50 AM

Post #206

Looks Ready...eom

chartman2000 Free

12/17/08 12:53 PM

Post #205

Watching this...eom

*MARINE 1* Free

11/24/08 7:25 PM

Post #204

So Quercus Trust sold 12,044,500 to Anthony David (director) for .024 per share?

*MARINE 1* Free

11/24/08 5:29 PM

Post #203

Give this thing time to catch on !!!

Open Energy Corporation Unveils Innovative EcoTouch Energy Management System

Open Energy Corporation (OTCBB:OEGY), a developer of innovative and elegant BIPV products, energy management applications and clean solar energy solutions, today unveiled an innovative new home energy control panel, the EcoTouch Energy Management System. The new product is on display at the 2008 Solar Power International Conference in San Diego, California. The EcoTouch System is designed to help homeowners save and control energy by lowering electricity costs from the comfort of their homes.

The EcoTouch System was developed by Advanced Telemetry, a technology innovator with a focus on resource conservation. Open Energy is partnering with Advanced Telemetry to develop and market the EcoTouch System.

Control is Power Savings with the Open Energy EcoTouch System The EcoTouch Energy Management System includes a touchscreen information display and action tool that captures and displays home energy use and solar power system production. With the EcoTouch System, homeowners gain an in-depth understanding of their energy use and can take steps to control different household devices in order to conserve energy and save money.

The rich stream of data from the EcoTouch System empowers homeowners to make better decisions about their energy production and consumption. The system is connected to a homeowner’s solar installation and provides real-time detailed information including the number of kilowatt hours (kWh) produced by the system on a daily, weekly, monthly and yearly basis.

Because many homeowners not only want to save on energy costs but help meet environmental goals, the EcoTouch system calculates the positive environmental impact and displays a variety of important metrics such as carbon emissions, number of trees saved and the equivalent auto miles avoided.

Since production is only half of what a homeowner needs to know to understand their energy costs, the EcoTouch System takes monitoring one step further by tracking the total energy demand for a home and the net energy usage. The home energy use is calculated by monitoring the lighting systems and appliances, among other devices. It is also calculated in kWh and displayed graphically on a daily, weekly, monthly and yearly basis.

The Ultimate Remote Control for the Home “The EcoTouch System is the ultimate remote control that allows homeowners to view and control their real-time energy consumption costs and take control over many different home systems and devices,” said David Field, president of Open Energy. “The EcoTouch System can help homeowners set and meet energy reduction goals to save money and help them reduce their environmental footprint.” “For our homebuilder and roofing partners, this product is a great way to create value by offering unique features that will make a residential development stand out above and beyond the competition,” he added.

In addition to controlling energy resources and electricity uses, the EcoTouch System gives homeowners a centralized, simple mechanism to control a wide-variety of home systems from any Internet connection. This allows for remote control of a wide variety of devices and systems. With the EcoTouch System, homeowners can control and access their home security systems and A/V systems. To ensure an ideal home temperature while saving on heating costs, the EcoTouch System allows homeowners to turn on their heating system just before arriving at home.

For ease-of-use and maximum convenience, the EcoTouch System has a customizable user interface and several different graphic options. Homeowners can customize the EcoTouch panel in a way that is most comfortable for them. In addition, the system provides homeowners with the current weather and access to information about local services and news from neighborhood businesses. For added assurance, the EcoTouch System gives homeowners an emergency button which can help connect them to the Poison Center, 911, Animal Control and other services.

Competitive Advantage, Easy to Install for Photovoltaic Integrators, Roofers and Homebuilders Because the EcoTouch System provides high value to homeowners through cost savings and added convenience, it is an ideal product for photovoltaic integrators, roofers and homebuilders to add to their services.

EcoTouch will be distributed by Open Energy’s partner, Eagle Roofing Products, a leading manufacturer of roof tiles. Through Eagle’s Solar Roof program, the Open Energy PV tile has already been installed on more than 285 solar roof systems on tract, retrofit, custom, multifamily, and commercial projects throughout North America. Since the program began in January 2008, Eagle Roofing Products has formally trained more than 750 contractors and more than 150 electrical contractors on how to market and install solar systems. To facilitate roofing contractors entering the solar installation business, Eagle’s 70 solar sales professionals provide full permit packages to allow them to secure solar permits quickly and easily as well as providing net pricing to contractors by financing available rebates and handling the rebate process for them.

About Open Energy Open Energy Corporation is a Next-Generation Solar Energy company that develops clean energy solutions, innovative solar products and energy management applications. Open Energy's award-winning products include proprietary, cost-competitive and attractive BIPV solar tiles, membranes and asphalt/composition products. In addition, the EcoTouch Energy Management System gives consumers control over their energy usage while saving money. Open Energy's portfolio of products and services are coupled with innovative financing to enable green Solar Communities that provide low-cost power with no upfront cost to the consumer. Open Energy is headquartered in Solana Beach, California. For more information, visit http://www.openenergycorp.com.

About Advanced Telemetry Advanced Telemetry, LLC is a provider of industrial, corporate, and consumer technology for resource conservation through the presentation of convenient and visually illustrative environmental information, enabling changes that collectively result in the preservation of resources and reduced energy costs.

Advanced Telemetry is headquartered at 1100 Larkspur Landing Circle, Suite 101, Larkspur, California 94939-1721 and has a development facility in San Diego, California. For more information, please visit www.advancedtelemetry.com or call (415) 464-4872.

About Eagle Roofing Products Eagle Roofing Products, a division of Burlingame Industries, was founded in 1989 with the goal of manufacturing quality concrete roof tile in modern, automated and high-speed plants. From the beginning, Eagle Roofing Products has prided itself on building strong relationships with customers of all sizes by listening and responding to their requests. Eagle Roofing Products is continually expanding its production capacity and its market coverage in order to offer its superior products nationwide. Having earned AAA rating by the Better Business Bureau, Eagle maintains strong sales and customer service support at the local as well as national level. Eagle is also committed to seeking out trend setting technologies and products that help the environment while helping our customers and their customers. Our green building products and green manufacturing process are a major focus of the company’s time and investments. For more information on Eagle Roofing Products, please visit www.eagleroofing.com.

*MARINE 1* Free

11/13/08 9:31 PM

Post #202

Re: #200: @TecNasty - It's as awake as it's going to get

Thank you

*MARINE 1* Free

11/13/08 9:30 PM

Post #201

I see whats hapenning, BIG SET UP IMO:

To the Stockholders of Open Energy Corporation:

Notice is hereby given that the annual meeting of the stockholders of Open Energy Corporation will be held on December 22, 2008 at 10:00 a.m. at our corporate headquarters located at 514 Via de la Valle, Suite 200, Solana Beach, California 92075, for the following purposes:

1. To elect the following five individuals to our board of directors:

David Anthony
David Field
Kenneth F. Potashner

Joseph Bartlett
Tom Naylor

2. To approve an amendment to our articles of incorporation to increase the number of authorized shares of our common stock from 1,125,000,000 to 3,000,000,000.

3. To approve an amendment to our articles of incorporation to give the holders of our Series B Convertible Notes voting rights.

4. To approve a 50-for-1 reverse split of our common stock to be effected at the sole discretion of our board of directors, if at all, within one year from the date of the annual meeting.

5. To approve two amendments to the Open Energy Corporation 2006 Equity Incentive Plan that (i) increase the number of authorized shares of our common stock subject to such plan from 16,500,000 to 195,000,000; and (ii) add a provision to such plan providing that the maximum number of shares that may be reserved for issuance under the plan will automatically increase, without the need for further board or stockholder approval, on the first day of each of our fiscal years, beginning with June 1, 2009, to the amount that equals 15% of the total number of shares of our common stock outstanding on a fully diluted basis on the last day of the immediately preceding fiscal year.

6. To transact such other business as may be properly brought before the meeting or any adjournment thereof.

Our board of directors has fixed the close of business on November 12, 2008 as the record date for the determination of stockholders entitled to notice of and to vote at our annual meeting and at any adjournment or postponement thereof.

Enclosed is a proxy. Whether or not you expect to be at our annual meeting, please complete, sign and date the enclosed proxy and return it promptly . If you plan to attend our annual meeting and wish to vote your shares personally, you may do so at any time before the proxy is voted.

TecNasty

11/13/08 9:24 PM

Post #200

Re: #199: @*MARINE 1* - Is it awake yet?

It's as awake as it's going to get IMO. It's still a great channel play you can pop in and out for a couple hundred bucks almost weekly for about 60 days now although I've noticed a little trend down in the last month the new bottom seems to be closer to .05 but I'm not playing it at the moment so I havent stayed that on top of it.

*MARINE 1* Free

11/13/08 12:34 PM

Post #199

Is it awake yet?

stocktrader1 Free

11/11/08 3:28 PM

Post #198

Re: #197: @TecNasty - This stock si like an ATM, it drops

Looks like we're back in the buy zone! You gotta like it!

Older

Applied Solar, Inc. (fka APSOQ)

Followers	29	Posters	72
Posts (Today)	0	Posts (Total)	247
Created	06/08/06	Type	Free
Moderators

Share Structure:
AS: 3 billion
OS: 123M (1/14/09)
Revenues: ttm 6.49M
Debt: 8.48M
http://www.appliedsolar.com/

Sec Filings - Yahoo Press

Investor Relations:
Integrated Corporate Relations
John Mills, 310-954-1100
jmills@icrinc.com
http://www.appliedsolar.com/roofingsystems

Dealers:
http://www.ipowercorp.com/our_products.htm
http://www.dricommercial.com/webpage.cfm?webpage_name=Solar

Transfer Agent:
Madison Stock Transfer, Inc.
P.O. Box 145-290
Brooklyn, N.Y. 11229
P: (718) 627-4453
F: (718) 627-6341

Top Instusional Holders
Screen shot taken 02-05-2009...

Quercus Trust became a 10% owner on 7/23/07...

8-k filed 06/21/07...

selling stockholder: John Fife

8-k filed 04/05/07...

Charts:

3 month daily...

3 year weekly...

Links:
http://www.energy.ca.gov
http://www.solarbuzz.com

Solar Stocks #board-11148