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The shares in this conversion we're the ones that were withdrawn?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
Perhaps it depends on the browser you are using. I use a Chrome browser
No worries! You have to RIGHT click (right button on your mouse) anywhere on the page (not on top of a link of course, but preferably in a blank space) and then a little menu of selections will appear and you select "translate to English" and LEFT click on it. Hope that helps.
JSC... All you have to do is go to their website to find out they're not going to make batteries. Have you gone to their website?
Yes my understanding is they are going to be 100% based on royalties from hopefully several companies. My guess is this surge in stock price is speculation from millennial traders. Could be wrong.
Just right click somewhere on that German page and select "translate to English."
They did not make batteries. They're developing processes for the cathode that can be used in several different battery chemistries. Here's one discussion board https://stockhouse.com/companies/bullboard?symbol=v.nno and here's another one that you'll find in some of the more recent host a good explanation of what Nano one does. Their website is a mess scrolling down and so forth... getting to the most recent post requires another click but they have very knowledgeable posters on this board .https://ceo.ca/nno?096134c9f3f0 Also a German board Google translate will allow you to read https://m.ariva.de/forum/Nano-One-Lithium-laeuft-die-auch-bald-530950
How I wish everyone would come over to this board. That other site is so incredibly lame. This site allows you to edit your posts and it's so much easier to navigate. Way more intelligently structured and user-friendly.
Just some backdrop of the emphasis that the Armed Forces is demonstrating now.
https://breakingdefense.com/2020/07/a-golden-age-for-collaboration-on-lasers-microwaves-but-watch-the-cheetos/?utm_campaign=Breaking%20Defense%20Land&utm_medium=email&_hsmi=90986861&_hsenc=p2ANqtz-885Kmel4jZxuJDTWfwuXZuNzONoXAbRs_Ynvav-N05otkKO90qt2F0hXq2Fmi1H83eHkvklJPad8QU7h-PywJCGyS7IA&utm_content=90986861&utm_source=hs_email
It's probably Jim and Cash from the Yahoo board accumulating. From all the pieces of information I have gathered I think we are due for news within a month. Hopefully good news.
The article is over a year old. Can't see it changed the game much.
Pardon my ignorance, but when I go to that link it's a mostly blank page with a couple of logos. What is the significance of this? What am I missing? TIA
Yeah but this latest news is what you call fundamentals not technicals or patterns. This is in the "this time it's different" category. Trade accordingly.
I would be happy if Tesla did a deal with this company but that comment by Burns in no way indicates it's imminent or even probable. Just somewhat possible.
Sorry to be a pain but is there specific news causing this run or is it just without news.?
I hate to see more shares issued but I'm surprised to see them at $0.30 which is 36% higher than we close yesterday. I thought that was interesting. Thoughts?
Would you care to elaborate on what that news is or at least when it is? And sources please. Thanks.
https://noble.mediasite.com/Mediasite/Play/67372b5cfd7a4a568a222cd34d0edc371d At about the 12:18 mark he talks about speed bumps incorporating a vehicle-electronics zapper to be installed in various bases throughout the world by 2021. News to me. Then listen again at 18:18 to 18:48.
Best case, they're selling those shares to Tesla or other car manufacturers. Worst case... and most likely, they don't see any income for the foreseeable future so they decided they had better up their offering.
deleted by author
Applied Energetics to Present at NobleCon16 Investor Conference https://www.otcmarkets.com/stock/AERG/news?id=253144
I'm guessing if Tesla powertrain and investor day comes and goes without a mention of this company this stock will most likely tank.
Encouraging emphasis in this space lately. Not a big stretch to believe we may have reasonable hope of getting at least a few crumbs off of this pie. That's all it would take to give shareholders reason to be very happy, imo.
https://breakingdefense.com/2019/12/exclusive-three-ways-to-kill-cruise-missiles-pentagon-to-test-rival-lasers/?utm_campaign=Breaking%20Defense%20Sea&utm_source=hs_email&utm_medium=email&utm_content=80369050&_hsenc=p2ANqtz--spjWEhyC4OvQhfq-iEsWHZRaGMX_j8I-HDWONYLMu6kwFQn_vHsA7CtkHz5Dmj6IVFrzs9Q0dJWfsfc2vv_I5-_W05g&_hsmi=80369050
https://breakingdefense.com/tag/lasers/
Wolf, did i r tell you that or are you extrapolating from information you gathered here and there?
How could this not be $10 in the near future?
Something tells me the boards interpretation of today's news is somewhat simplistic.
I can't read the article because I reached my limit of free articles. What does it say?
Yeah, one can't help but wonder if they will manufacture some crisis shortly, since it seems they just can't bring themselves to stop the NWS, etc.
Thanks oil export!
Is that chinese buying those shares?
"The timing of the agreement and the precise amount of earnings the companies would be allowed to retain hasn’t been completed. The overall deal could slip to the end of the year, he said."
nevermind. Working now.
time and sales is all wonky on Ameritrade. Anyone else have that problem?