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My heart hurts for you that lost today. There are literally many dozens more stocks more worthy of your time/attention than this one. After this last year and a half, if you expect government and high courts to do the right thing you may continue to lose your money investing.
Sorry Tony. I can't believe that one customer that sends up sporadic units every now and then is going to create enough sales to make this company flourish. They're one customer! Everything I read tells me that for terrestrial applications many MANY competitors have superior products.
"With the size of 6 tennis courts think about what this company can do"
That's one sale! You got to have thousands of customers and thousands more joining in the coming years in order to make your company grow. That's a one-and-done!
LOL! Duh! This company never had anything except hype and pumpers.
Let's make some money!
Do you have the contents of the letter? Googling what you typed there yield zero results. Not sure what the relevance is of your post. Can you elaborate? TIA
Someone sees value.
https://www.sec.gov/Archives/edgar/data/879911/000121390021023103/ea139959-8k_appliedener.htm
"Item 1.01 Entry into (or Amendment of) a Material Definitive Agreement.
Effective April 21, 2021, the company has amended its Master Services Agreement, dated as of July 16, 2018, with Westpark Advisors, LLC, pursuant to a First Amendment to Master Services Agreement. The amendment grants Westpark Advisors options to purchase an additional 1,000,000 shares of AERG common stock, par value $0,001 per share, at an exercise price of $0.40 per share, in exchange for Westpark Advisors continued service to the company. The option vests over a period of three years from the date of the amendment. Otherwise, the other provisions of the agreement remain in force and unchanged."
To be expected of a thinly traded penny stock. And the opposite price action to be expected with any whiff of good news.
Applied Energetics Announces Relocation of Corporate Headquarters to UA Tech Park
Press Release | 03/17/2021
https://www.otcmarkets.com/stock/AERG/news?id=294074
Sounds hopeful, anyway. Maybe we're on to something? https://www.zerohedge.com/geopolitical/us-army-building-worlds-most-powerful-laser-vaporize-drones
That darn tax-loss selling! LOL! Sheep shearing time!
Weird. I never made any investment recommendations .And what makes you think I own choof?
Yep. Your article proves my point perfectly.
From the article-
"The most common obstacle for thin film or flexible solar panels is their lower efficiency than classic panels. Today, the efficiency ratings for average monocrystalline or polycrystalline panels hovers between 16 and 20 percent. Thin film solar panels, on the other hand, typically offer an efficiency of between 7 and 13 percent. This lowered efficiency means that you will need more solar panels to produce the same amount of energy, which can be a barrier to some solar projects with limited roof space for installation.
Additionally, flexible solar panels aren’t a good fit for many home rooftop solar projects, because there may not be enough roof space to produce your desired amount of energy."
Ascent Solar Technologies panels (and all flexible panels I've ever heard of) are roughly half the efficiency of conventional solar panels. I've never seen a flexible panel that could compete with the efficiency -and especially not with the long life of conventional panels. (just compare the warranty periods)
To get sufficient wattage you would probably need more than the average house roof provides. This rumor about Tesla or anybody else installing on rooftops does not compute.... "Ascent Solar's thin-film solar modules are manufactured from CIGS cells using copper indium gallium (di)selenide semiconductor (CIGS), which has shown a 10.5% NREL efficiency in real-world conditions." -Wikipedia
Do a "Ctrl, F" search with "Iliad" in this document - https://seekingalpha.com/filing/4728338 And then read this- https://utopiacap.com/2020/03/18/iliad-research-and-trading/ I understand toxic financing. If/when a debt gets converted to common shares, it can definitely plunge the stock price, if they sell significant amounts of shares. Which is the formula that "toxic financers" follow. My question is does Iliad have a bunch of ASTI stock? Their association with this company worries me big time.
Wow that really moved the stock up. LOL!
I did not say the courts "are for the most part corrupt." I tried to indicated that my opinion was that the corruption was " widespread." And that includes of course politicians and others involved in this mess. I believe there are enough judges and lawyers either corrupt or weak enough or susceptible to intimidation that the right thing is often not done. My sense is its mostly in the appellate and higher courts.I agree that most are the lower courts are not corrupt. YOU gave me no proof to backup your opinion. And that is entirely understandable because time and space restraints in a stock forum reply do not allow it. One gets a sense of the true nature of our situation by observing carefully current events in history over a long time what happens or does not happen. And what I have observed is too many times the right thing is not done. When it walks and talks and looks like a duck.....
But of course hope springs eternal. Just not a good investment strategy.
Thanks for the articles, Cash.
I'll read them when I have more time.
Maybe the reason they were not bought out is because the patents were secret and no one knows what they hold?
It all boils down to how far up in the courts the corruption exists. And how compromised the lawyers and judges are or how threatened they feel by the deep state. Would you make a ruling that put your life or the lives of your loved ones in danger? What has happened all of these years is proof positive in my opinion that the mischief is more widespread than just a few at the top or else good would have conquered evil by now. There's been plenty of time and effort for that. In other words the conspiracy is not just a theory. Way (and years) past that possibility, in my opinion.
Over four times average volume per Yahoo.
A summary of the filing is available below:
Major owner of Ascent Solar Technologies was just granted 5,000,000,000 ownership of the company.
Investment, Llc Crowdex, a major owner of Ascent Solar Technologies, just received 5,000,000,000 shares of the company. This form is usually filed as a prelude to a company officer either receiving options or buying company shares, so there may be more to come from Crowdex. https://www.sec.gov/Archives/edgar/data/1350102/000120919120060904/xslF345X03/doc4.xml
Should have named it stupid flower. What a stupid, cutesy concept.
https://www.renewableenergyworld.com/2018/04/02/german-developer-of-solar-storage-smart-flower-quietly-goes-insolvent/
My post is getting buried. Doesn't anybody have a comment on this? https://utopiacap.com/2020/03/18/iliad-research-and-trading/
Yikes. Opinion piece... https://utopiacap.com/2020/03/18/iliad-research-and-trading/
Like watching paint dry. Anybody know of any possible news/potentials/ opportunities - good or bad- in the offing?
And your point is?
At this point it is the glass half-full/half-empty situation. Read what you just wrote. You say the company needs to be remade into a real company and yet you are ASSUMING that this German guy is going to do the opposite. No one knows at this point but there is definitely short term potential for a new direction as well.
Well I'm not seeing in your reply specifically WHY you think a reverse stock split is bad for the stock. Your stance on the company confuses me. You believe "it will do well" and "was pulling hard for it" yet you don't think that in the next 3 to 5 years they will do anything.
But no worries. I do my own due diligence.
I've seen companies in the past that were going nowhere picked up and cleaned up and transformed into legitimate money making companies with changes implemented. One of the first things they HAD to do was to get the stock price in a realm that money managers are allowed to look at for purchase. For a long time now I have wondered if this company's technology and patents wouldn't lend themselves to some breakthrough either in the solar industry or the battery industry. I will be watching this company and "following the money" very closely because, as I'm sure you'll agree, if that change happens the opportunity to make the big money will disappear almost overnight.
The stock is trash? Why do you say that? Getting this thing out of micro penny land puts it within reach/consideration of the serious money out there.
Yeah, baby!
Entry into a Material Definitive
Confidential Settlement Agreement and Release in Litigation Involving Stein Riso Mantel McDonough, LLP, (now known as Mantel McDonough Riso, LLP)
Effective October 2, 2020, Applied Energetics, Inc. entered into a Confidential Settlement Agreement and Release in the litigation involving Stein Riso Mantel McDonough, LLP, (now known as Mantel McDonough Riso, LLP) (Stein Riso). Pursuant to the agreement, Stein Riso is to pay the company three million dollars ($3,000,000) and return to the company ten million (10,000,000) shares of the companys common stock, par value $0.001 per share. Stein Riso entered into the Settlement Agreement without any admission of liability. The parties will be filing a Stipulation of Dismissal with Prejudice as to all claims asserted or which could have been asserted in the lawsuit. The agreement also contains standard mutual general release and confidentiality provisions.
Item 8.01 Other Events
Update of Litigation Against Prior Management and Related Parties
The following provides an update on events concerning litigation involving Applied Energetics, Inc. Information regarding events occurring prior to the date of this Current Report on Form 8-K can be found in the companys prior Current, Annual and Quarterly Reports on Forms 8-K, 10-K and 10-Q on file with the Securities and Exchange Commission.
See Item 1.01 for information regarding the Settlement Agreement with Stein Riso.
As previously reported, the company has also settled its litigation with George Farley (Farley), its former CEO, and AnneMarieCo, LLC (AMC). To clarify prior reporting on that settlement, funds in the amount of $582,377.26, which were previously deposited by the company to secure a bond in favor of Farley and AMC in connection with the litigation, were released once the stipulated judgment was entered by the court. Per the settlement agreement, $500,000 of those funds were applied to the $1,500,000 purchase price for the companys purchase of Farley and AMCs 5 million shares of the companys common stock, par value $0.001 per share. The remaining funds were returned to the company.
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
APPLIED ENERGETICS, INC.
By:
/s/ Gregory J. Quarles,
Gregory J. Quarles,
Chief Executive Officer
Date
: October 5, 2020
New to the board. Anyone know what the payload capacity is? I read the towing capacity is 7500 lb.
I hope they don't convert at $0.30 or $0.15 since that's so much lower than today's price. My experience is most private holders of these type of instruments are quick to sell and convert to cash and move on once they get the opportunity. Am I missing something?
The shares in this conversion we're the ones that were withdrawn?
Sorry if this has been posted already. " On the other hand, he believes the common shares could be diluted by 90% to 100%. He also expects Fannie's and Freddie's earnings power to be "meaningfully compromised," resulting in a decline in the common shares' price." https://www.zerohedge.com/news/2020-08-31/heres-whats-needed-fannie-mae-freddie-mac-exit-conservatorship
Update of Litigation Against Prior Management and Related
The following provides an update on events concerning litigation involving Applied Energetics, Inc. Information regarding events occurring prior to the date of this Current Report on Form 8-K can be found in the companys prior Current, Annual and Quarterly Reports on Forms 8-K, 10-K and 10-Q on file with the Securities and Exchange Commission.
On August 3, 2020, in our ongoing litigation against George Farley, the companys former CEO, and AnneMarieCo., LLC, the Chancery Court of the State of Delaware issued an Opinion granting in part and denying in part the companys Motion for Partial Summary Judgment. The Court granted the companys motion in the following respect: Farley could not validly take action as the sole remaining director between February 10, 2016, and March 9, 2018. The stock that he issued to himself is invalid, as is the compensation that he attempted to grant to himself. The shares that he gifted to AnneMarieCo remain invalid, notwithstanding their transfer to AnneMarieCo. The court denied the motion in all other respects, rejecting the companys argument that Section 205 of the Delaware General Corporation Law is unavailable for the defendants to petition the court cure the invalidity of the stock and compensation, leaving open the possibility for the court to reinstate the shares and/or compensation in whole or in part under Section 205. The trial is scheduled for September 21-23, 2020.
The Company cannot guaranty the outcome of any litigation but expects to provide further updates on the status of the litigation as circumstances warrant.
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
APPLIED ENERGETICS, INC.
Date
: August 5, 2020
By:
/s/ Gregory J. Quarles
Gregory J. Quarles
Chief Executive Officer