Applied Solar, Inc. (fka APSOQ)

[TecNasty]

This stock si like an ATM, it drops down to let you load and pops up to cash you out. I love it!

[TecNasty]

Thats old news man they obtained that through shares about 235000000 million warrants to be exact. It's still a cool stock because while this company is dumping shares into the market they are creating a nice channel play!

[COLLECT]

Open Energy Closes $4.7 Million Financing with The Quercus Trust
35 minutes ago - Businesswire

Related Companies
Symbol Last %Chg
OEGY 0.06 0.00%

As of 9:30 AM ET 10/9/08
Open Energy Corporation (OTCBB:OEGY), a developer of clean energy solutions and innovative energy management applications and products, today announced it has closed the final portion of its previously announced $4.7 million financing with The Quercus Trust, one of the leading cleantech venture funds in North America.

Quercus invested a total of $4.7 million in Open Energy in this financing, consisting of $4.2 million in cash, and $500,000 of forgiveness of accrued interest and restructuring fees relative to other obligations to Quercus. In exchange, Open Energy issued to Quercus warrants to purchase a total of 235,000,000 shares of common stock, at a price of $0.02 per warrant, with an exercise price of $0.067 per share.

Open Energy also announced that the previously-disclosed management and board changes became effective with the closing of the remainder of the Quercus investment. Following the closing of the financing, the Board of Directors consists of five members, three of whom were appointed by Quercus, and two of whom were existing members of the board. David Field, the current president and chief operating officer, is leading the board as Chairman and will assume the role of chief executive officer effective November 1, 2008.

Quercus is recognized as one of the leading cleantech venture funds in North America with strategic investments in the clean technology areas of solar, water, biofuels, wind and batteries. Quercus is known to provide more value than just funding and take a longer-term view of invested capital combined with their industry expertise and relationships.

About Open Energy Corporation

Open Energy is a renewable energy company focused on development and commercialization of a portfolio of solar technologies capable of delivering power and related commodities on a global basis. Open Energy offers award-winning, building-integrated photovoltaic (PV) roofing systems for residential, commercial and industrial applications. Marketed under the trade name SolarSave(R), the product line includes PV tiles, roofing membranes, and custom architectural glass panels, as well as integrated inverters and web-based monitoring systems. The Company's mission is to harness the power of the sun to deliver complete renewable energy solutions to its customers. For more information on Open Energy, please visit www.openenergycorp.com.

Safe Harbor for Forward-Looking Statements

Except for statements of historical fact, the information presented in this release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 scale up manufacturing to meet demand, the Company's ability to execute on its business plan, 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 Form10-K and its Quarterly Reports on Form10-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: Open Energy Corporation

Open Energy Corporation
Investor Relations
Integrated Corporate Relations
John Mills, 310-954-1100
[e-mail]
or
Open Energy Corporation
Corporate Contact
David Field, President
858-794-8800
[e-mail]

[TecNasty]

Posted Chart on this in my room!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32710946

[stocktrader1]

I think you're right! This may be one of the few good buys in the market right now?

[TecNasty]

I'm freeing up the funds as I speak it's about time to reload and ride it again!

[TecNasty]

Looks like its getting to be time for a retrace. This channel is working out nice!

[stocktrader1]

Congrats! I'm holding for a bit more!

[TecNasty]

Out @ .094 35% I'll take it. Hopefully this will keep working a channel.

[Blind Bus Driver]

Open Energy Corporation's SolarSave(R) Architectural PV Glass Manufactured by Suntech to Help Power New California Academy of Sciences Building, Largest "Green" Museum Ever Constructed

Last update: 9/25/2008 8:00:08 AM

Open Energy System to Help Academy Achieve LEED Platinum Status

SOLANA BEACH, Calif., Sep 25, 2008 (BUSINESS WIRE) -- Open Energy Corporation (OEGY), a renewable energy company focused on delivering building integrated photovoltaic solutions, today announced that it has completed its largest solar electric installation for the new California Academy of Sciences in Golden Gate Park, San Francisco, California. Designed especially for the Academy by Open Energy and manufactured by Suntech Power Holdings Co., Ltd. (STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, the project features 720 4 x 6 foot glass panels embedded with photovoltaic cells. The panels will be arranged in a solar canopy around the Academy's 197,000 square foot roof and will be one of the largest photovoltaic glass canopies in the United States The solar installation will be a key factor in the Academy's attempt to achieve LEED Platinum certification (Leadership in Energy and Environmental Design) from the U. S. Green Building Council. The museum was designed by Pritzker Prize-winning architect Renzo Piano, and is scheduled to open on September 27, 2008.

"The California Academy of Sciences will be one of the greenest museums ever constructed, and our goal is to achieve LEED Platinum certification," said Ari Harding, the Building Management Systems specialist at the Academy. "The Open Energy solar panels are important in helping us reach that goal, since energy efficiency is one of the criteria on which the building will be judged."

The solar energy panels will complement the design of the Academy, forming a decorative rim around the building's 197,000 square foot living roof, which is home to 1.7 million native plants. The Starphire(R) Ultra Clear Glass for the project was provided by PPG Industries. The solar cells will generate 213,000 kilowatt-hours of energy per year, providing up to 10 percent of the Academy's electricity need and preventing the release of 405,000 pounds of greenhouse gas emissions into the air. The system is already in the operational phase and has provided approximately 850 kilowatt-hours of energy per day for the last month.

David Field, President of Open Energy, added, "We are proud that innovative designers, architects, builders and institutions such as the California Academy of Sciences have selected Open Energy as their photovoltaic solution provider. We believe that Renzo Piano's inspiring architecture and commitment to environmentally superior design is a testament to not only the energy efficiency of our systems, but our ability to tailor a solar energy solution to meet each customer's unique structural, aesthetic and performance requirements."

The Open Energy solar solution for the California Academy of Sciences was installed by PermaSteelisa, the company's glass faAade partner.

About Open Energy

Open Energy is a renewable energy company focused on development and commercialization of a portfolio of solar technologies capable of delivering power and related commodities on a global basis. Open Energy offers award-winning, building-integrated photovoltaic (PV) roofing systems for residential, commercial and industrial applications. Marketed under the trade name SolarSave(R), the product line includes PV tiles, roofing membranes, and custom architectural glass panels, as well as integrated inverters and web-based monitoring systems. The Company's mission is to harness the power of the sun to deliver complete renewable energy solutions to its customers. For more information on Open Energy, please visit.

About Suntech

Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of building integrated photovoltaic (BIPV) products under the MSK brand. Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit .

About PPG

Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG's sales in 2007 were $11.2 billion. SigmaKalon, a worldwide coatings producer based in Uithoorn, Netherlands, that PPG acquired Jan. 2, 2008, had 2007 sales of $2.9 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit .

About the New California Academy of Sciences

The new California Academy of Sciences will house the Kimball Natural History Museum, Steinhart Aquarium and Morrison Planetarium, along with a scientific research program and over 20 million scientific specimens. The new museum will open to the public on September 27, 2008. This major new initiative builds on the Academy's distinguished 155-year history and deepens its commitment to advancing scientific literacy, engaging the public, and documenting and conserving Earth's natural resources.

[stocktrader1]

Still accumulating here! But some really nice news this morning: Open Energy Corporation's SolarSave(R) Architectural PV Glass Manufactured by Suntech to Help Power New California Academy of Sciences Building, Largest "Green" Museum Ever Constructed

We'll be testing that .15 area again very soon! imo

[TecNasty]

You still in this guy we are rocking today! All buy 3 days in a row after the bounce

[TecNasty]

OEGY up 25% out of the gate

[TecNasty]

Looking good all green from here

[TecNasty]

OEGY getting ready to make a move soon

[TecNasty]

100k out of the gate it's on like donkey kong

[TecNasty]

Looking for a push to close out over .09 today

[TecNasty]

Here we go nice early volume and looks like it's going to push back and forth a little this morning hopefully by this afternoon we will be out of the .07's and into the .085-.095 range.

[TecNasty]

OEGY with finance news!

[TecNasty]

Like the double bottom shaping up getting close to a play again and the volume is awesome for this stock! Looking Mon or Tues to jump on the SAR and make a run back at the .15 resistance

[TecNasty]

Starting to watch this guy again. Might be a couple of week though before it's ready but looks like it is heading back toward it last trigger of .067 for another bounce

[stocktrader1]

Looking to retest the high of .15 from a couple of days ago! I think we break it this time! imo

[Epic]

.10 looks like a good buy

[stocktrader1]

Interest is still very high in the solar sector: fslr, stp, spwr are all up huge today! oegy will soon get noticed! All in due time. imo

[stocktrader1]

Looks like buying interest is starting to pick back up! This is going to be a good week here! imo

[stocktrader1]

I like this company. Great product and really just starting to see some good rev's. My opinion is we'll see $1+ again. Good luck.

[CaptWhizbang]

Dropping like a rock. I'm gone......

[CaptWhizbang]

Seems to be stalling out this AM. Still on the sidelines watching, but can't find a reason for the rise the last few days other then someone might have thought it has hit bottom, but no reason for that either...

No recent 10Q or sales news for some time now. Like the product though, and company has done several beautiful jobs.

[CaptWhizbang]

News as in 10Q. Different filing date? Motivation behind the spike? TA

[CaptWhizbang]

Hey, Stocktrader. I have been looking at OEGY. No shorts, TA looking like it wants to go positive. I HATE Cornel. Can't find any recent filings or news. What's your opinion here? Why the recent interest? I have a tentative order in for the morning....
TIA

[stocktrader1]

All buys this morning! Cornell is done and its all up from here! imo

[Epic]

Hmmmm great job TD. How did u get so good at pinchers......;)

[TecNasty]

Another great Boiler Room Pincher brought to you by TD

[Epic]

Yep looks great. Today was the first day of the pincher pop. Could easily see .15 plus monday

[stocktrader1]

Looks like cornell must be done selling, no more hitting the bid! Looks good from here! imo

[stocktrader1]

TD at this rate we may hit your target today?

[TecNasty]

JUST WHAT WE WANTED TODAY SOME LOW VOLUME CONSOLIDATION LOOK FOR THIS STOCK TO TAKE OFF EARLY NEXT WEEK WITH A TARGET IN THE .098-.11 REGION IMO!

[TecNasty]

This is setting up to be a nice pincher. Must be some news coming out

[USNY]

Lights going out on this one? Whats going on here?

[RockJohny]

maybe some news around the corner:
(from yahoo board)
Re: Do you think that oegy would do 2-Aug-08 09:03 pm

Ther have been no negative changes. The end of May the stock was at .30. Then a filing to sell 4.2 million shares from the SRS stockholders. With them selling and the current market conditions it has put downward pressure on the stock and also created panic selling. It's not just this stock. There are a lot of start up solar stocks near 52 week lows.
You were correct as far as their new product. They are developing a solar asphalt shingle which is due out this summer. As long as they introduce it by october 1st Eagle will increase their commitment from the April to December 82,500 tiles by another 11,000 tiles. They will also be introducing brown colored tiles with colored solar cells.
There are a lot of good things going on with this company right now but they have been quiet. Maybe they are waiting to put out press releases untill the shares in the filing are sold off. In the meantime i'm adding to my position. Rating :
(1 Rating)Rate it:
sanderman87

[Blind Bus Driver]

Photos from this week's InterSolar Conference in San Francisco

Lots of interesting solar energy products.

http://content.techrepublic.com.com/2346-10878_11-211158-1.html

bbd

[RockJohny]

some various Suncone info:

Barnabus Energy, Inc. recently announced the appointment of Dr. Melvin L. Prueitt to its advisory committee. For over 30 years Dr. Prueitt's career as a theoretical physicist at the Los Alamos National Laboratory has included notable efforts encompassing various aspects of the nuclear defense program. While his work involved the development of strategic national defense initiatives, Dr. Prueitt never lost sight of his dedication towards improving people's lives through science and technology. Barnabus Energy is fortunate to have secured exclusive, worldwide rights to Dr. Prueitt's latest invention, Suncone. Successful commercialization of this technology shows promise of cost-effectively producing low-cost electricity, or purifying brackish water, using only the concentrated energy of the Sun.

OPEN ENERGY CORP (0001176193)
formerly: BARNABUS ENERGY, INC. (filings through 2006-04-25)

MELVIN L. PRUEITT BIOGRAPHYDr. Prueitt was the first to determine the temperature of lightening strikes. He has received considerable worldwide attention for his developments and patents on convection towers for smog reduction and power production. International Express (September 19,
2000) selected Prueitt's convection tower as one of the Top 100 Inventions of the 20thCentury. He developed and patented concepts for high magnetic fields with small forces on
the conductors. He developed electrical conductor geometrics for high magnetic energy storage with low magnetic filed pollution. He is recognized as a pioneer in the field of
computer graphics. Dr. Prueitt was a theoretical physicist at the Los Alamos National
Laboratory for a number of years.

Patents: 18 patents and 2 patents pending in fields of renewable energy, desalination, magnetic
energy storage, and consumer products.


Publications: 3 books (one with the introduction by Carl Sagan) and 35 published articles. Prueitt's
computer graphics have been seen by 500 million people around the world in and covers of
hundreds of books and magazine, including National Geographic, Smithsonian, Newsweek,
Popular Science, Popular Mechanics, Discover, Nature, Science, Scientific America, New York Times, Encyclopedia Britannica, in may science journals
777777777777777777777777

Open Energy Corporation is the exclusive worldwide licensee of an exciting new solar thermal technology that provides tremendous potential to end-customer benefit(s). SunCone™ CSP (Concentrating Solar Power) is the creation of Dr. Melvin Prueitt, renowned physicist and research scientist from the Los Alamos National Laboratory.

7777777

The company has enlisted Hytec Engineering, an award-winning firm based in Los Alamos, New Mexico, to build the first full-scale, operational SUNCONE™ prototype

7777777
HYTEC and IMTEC Merger
February 27, 2007
Under the agreement, IMTEC will be the surviving entity, with Tim Thompson, of HYTEC becoming the merged entity's President and CEO.

7777777
07/01/08 3M Completes Acquisition of IMTEC Corp.

....i kinda hope 3M doesn't lust after this too much


this is only my opinion and it's usually not my opinion very long because I CHANGE MY MIND FREQUENTLY

[Blind Bus Driver]

Howdy! I just took a smallish initial position here today.

I spent a couple of hours looking thru the filings and this stock looks to be about 10% undervalued at the current price. That's based on the assumption that the estimated share structure numbers are mostly accurate.

It also appears that they just paid off some relatively low-quality debt, that could be converted directly into shares, and then exchanged it for some higher-quality debt that is based on warrants exercisable at 50 cents. It seems to me that this move further stabilizes the share structure. It also creates a potential overhead resistance level at 50 cents. However, it also means that, over the longer term the PPS is going to move to 50 cents. And whomever took on this debt position, apparently, also would agree with that premise. Otherwise why would they accept warrants so far out-of-the money?

Of course, the big question is: When is it going to 50 cents?

Obviously they have some more work to accomplish in order to move forward. But it looks like they have a descent handle on their debt situation. That's a big plus. And the filing makes it clear that they are still doing the R'n & D'n up their in Grass Valley. And I know from direct experience how expensive that is. So it is not likely to happen real soon. That make this a longer-term play from my viewpoint. And right now seems to be a good time to get in, which I did.

Overall, this company is well positioned to take advantage of the current energy crisis, which is going to last for years. This is just a wild-ass-guess on my part, but I'm seeing a $2 share price in 5 years or less.

Happy to be on-board here. Good Luck to all Longs.

bbd

[RockJohny]

needs to break over .35 or so
before many will give it any respect

somewhat of a positive divergence with the MACD
they're so quiet on the news front...
'buy when quiet, sell when noisy' as they say.....

[COLLECT]

Does anyone know what the hell is going on with this turd?

[RockJohny]

haha.....that was classic
either you're honestly missing the point of what Jonesie was saying (which is completely bullish for your investment and VERY relevant).....or you're just stirring the Kool-Aid for fun

sounds like you actually might be serious lol
...one of those types that think, SHUT UP!! DON'T CONFUSE ME WITH FACTS!!

LOL

[jonesieatl]

Yorkville paid off now?

With Quercus now holding similar financial instruments?

From the 4/30/08 8-K:

http://www.sec.gov/Archives/edgar/data/1176193/000110465908028519/a08-12977_18k.htm

Excerpted:

"On April 30, 2008, the Company repaid all remaining principal amounts outstanding pursuant to the series of Secured Convertible Debenture (the “YA Global Debenture”) issued by the Company in 2007 to YA Global Investments, L.P., and its affiliates (formerly known as Cornell Capital Partners, L.P.).

The total payment, which included principal and accrued interest, totaled approximately $3.3 million.

The YA Global Debenture was the only remaining convertible debenture held by YA Global Investments in the Company’s capital structure."

..... and .....

"Quercus Loan

On April 30, 2008, Open Energy Corporation (the “Company, ““we” or “us”) entered into a Loan and Security Agreement (the “Loan Agreements”) with The Quercus Trust (“Quercus”) and issued a promissory note for a loan of up to $3.5 million dollars (the “Loan”).

Interest on the Loan is payable in warrants to acquire shares of the Company’s common stock at an exercise price of $.506 per share. The total number of warrants that may be issued, assuming the maximum Loan amount of $3.5 million is funded is 1,389,096, which the parties agreed equates to an 18% per annum interest rate on the Loan. The warrants have a seven-year term and are otherwise substantially similar to the warrants issued to the holders of the Company’s Series B Convertible Notes, a form of which was attached as Exhibit 4.3 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 25, 2007."

[albundy]

right, but 3M of warrants in place of interest paid does seem to covey the same sentiment as an additional purchase, though obviously not nearly the same magnitude as it would if it was a straight up 3M share purchase. what do you think?

[laughingotter0]

All he did was get some more warrants as payment in kind for interest that was otherwise payable to him on the debt he holds - no new investment on his part, unless you count accepting warrants instead of cash interest as an investment.

[albundy]

looks like ol' David Gelbaum got some more, per this filing from last week.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5873468