Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SCUPLS is a Navy project
https://www.sbir.gov/sbirsearch/detail/1626863
No reason to believe
A poster who goes by Cash on the Yahoo board and constantly bashes this stock.
I’ll continue to watch AERGs site and wait for their announcements!
Tactical Ultrashort Pulsed Laser for Army Platforms
Hmmm
https://www.sbir.gov/node/1654485
Interesting about SBIR and STTR Phase II awardees (per their site-Pg. 19)
https://www.sbir.gov/sites/default/files/SBA_SBIR_STTR_POLICY_DIRECTIVE_OCT_2020_0.pdf
(b) Phase II.
(1) The object of Phase II is to continue the R/R&D effort from the completed Phase I. Unless an exception set forth in paragraphs (i) or (ii) below applies, only SBIR/STTR Phase I Awardees are eligible to participate in Phase II.
(i) A Federal Agency may issue an SBIR Phase II award to an STTR Phase I Awardee to further develop the work performed under the STTR Phase I award. Similarly, an agency may issue an STTR Phase II award to an SBIR Phase I Awardee to further develop the work performed under the SBIR Phase I award. The agency must base its decision upon the results of work performed under the Phase I award and the scientific and technical merit and commercial potential of the Phase II proposal.
So, if it becomes an SBIR Phase 2 award, that would be Nov. 9
We shall see :)
Wonderful info there! Here's what Army says:
2020(D) PHASE II SCHEDULE
2020(d) Phase II Proposals Submitted to DoD Website
3 Aug - 2 Sep 2020 by 11:59 pm Eastern Time
2020(d) Phase II Selections Announced
9 Nov 2020
So, based on what AERG previously submitted that I posted earlier:
https://www.sec.gov/Archives/edgar/data/879911/000121390020021705/f10q0620_appliedenergetics.htm
Recent Developments
As of March 4, 2020, AERG executed a contract agreement having a value of $165,919.77 with the US Army under their STTR program for a 90-day Phase 1 research program to investigate Standoff Electronic Denial systems using ultrashort pulse lasers. The Army anticipates funding one (1) STTR Phase II for each of seven (7) “special topics” and Phase II contracts are limited to a maximum of $1,100,000 over a period between 6 and 18 months. Sequential/Subsequent Phase II funding, as well as non-SBIR/STTR funding, may also be available. The final report for this Phase I contract was submitted on July 3, 2020 and the US Army subsequently accepted the Phase I Final Report and invited AERG to participate in the Phase II process through the submission of a Phase II proposal no later than August 11, 2020. The Applied Energetics Phase II STTR proposal was submitted and accepted on August 10, 2020, and we await the review of this proposed technological advance for the US Army Standoff Electronic Denial topic.
The board administrator should remove your post #1048 with the link you supplied. The message I am getting for the Army awards "link" you provided provides me with the following message:
This Connection is not private
This website may be impersonating "www.armbysbir.army.mil" to steal your personal or financial information. You should go back to previous page.
If no one on this site is capable of figuring it out and verifying the news then I can discuss it further. ?
I can assure you, I’ve followed this stock since 2009 and have looked at a TON of government sites.
Not buying it
One of the 2 companies you said received an award from Army in the category AERG submitted theirs to
Vadum
https://www.army.mil/article/238237/new_landmine_detection_method_to_reduce_false_alarm_rates
Oddly enough, their award was in August.
Could you please provide us with a valid link to read what you are referencing from Army award info?
Could also include subsequent funding.
https://seedfund.nsf.gov/apply/?utm_source=google&utm_medium=cpc&utm_campaign=psc&utm_term=keyword&utm_content=now_open
5-6 months after the window closes
If your Phase II proposal is accepted, you'll receive funding of up to $1 million and begin Phase II research and development toward commercialization.
There are four submission windows for Phase II proposals in 2020:
December 18, 2019 - March 5, 2020
March 6, 2020 - June 4, 2020
June 5, 2020 - September 3, 2020
September 4, 2020 - December 3, 2020
https://www.sec.gov/Archives/edgar/data/879911/000121390020021705/f10q0620_appliedenergetics.htm
Recent Developments
As of March 4, 2020, AERG executed a contract agreement having a value of $165,919.77 with the US Army under their STTR program for a 90-day Phase 1 research program to investigate Standoff Electronic Denial systems using ultrashort pulse lasers. The Army anticipates funding one (1) STTR Phase II for each of seven (7) “special topics” and Phase II contracts are limited to a maximum of $1,100,000 over a period between 6 and 18 months. Sequential/Subsequent Phase II funding, as well as non-SBIR/STTR funding, may also be available. The final report for this Phase I contract was submitted on July 3, 2020 and the US Army subsequently accepted the Phase I Final Report and invited AERG to participate in the Phase II process through the submission of a Phase II proposal no later than August 11, 2020. The Applied Energetics Phase II STTR proposal was submitted and accepted on August 10, 2020, and we await the review of this proposed technological advance for the US Army Standoff Electronic Denial topic.
Investor hub- Do you mind sending me a pm explaining why you keep deleting my posts?
LMAO— You leave these but not my stock related posts.
Ok, I’m done here.
That link will not load
That made my day! :)
So glad to see they didn’t completely get away with that. Was not happy Farley got $1.5 million..but this smooths it out a little
Date Short Interest Days to Cover
2020-09-15 912,340 5
2020-08-31 823,360 19
2020-08-14 832,535 3
2020-07-31 846,933 3
2020-07-15 826,033 3
2020-06-30 823,002 15
2020-06-15 827,113 4
2020-05-29 834,647 6
2020-05-15 825,331 14
2020-04-30 863,692 10
2020-04-15 869,134 8
2020-03-31 865,044 4
2020-03-13 990,133 6
2020-02-28 1,123,789 3
2020-02-14 1,130,723 6
2020-01-31 1,123,802 6
2020-01-15 1,128,602 14
2019-12-31 1,135,303 6
2019-12-13 1,485,809 9
2019-11-29 1,662,679 8
2019-11-15 1,722,354 11
2019-10-31 1,740,150 14
2019-10-15 1,700,607 8
Statement of Ownership
Kevin McFadden
https://ih.advfn.com/p.php?pid=nmona&article=83350629
September 25, 2020
One Lincoln Center | Syracuse, NY 13202-1355 | bsk.com
BRENDAN M. SHEEHAN, ESQ.
bsheehan@bsk.com P: 315.218.8276 F: 315.218.8100
VIA ELECTRONIC FILING
Hon. Alison J. Nathan
United States District Judge Thurgood Marshall U.S. Courthouse 40 Foley Square
New York, New York 10007
Re: Applied Energetics, Inc. v. Stein Riso Mantel McDonough, LLP Case No. 19-cv-01232
Dear Judge Nathan:
We represent plaintiff, Applied Energetics, Inc. (“AE”), in the above-referenced action. We previously informed Your Honor that AE and defendant Stein Riso Mantel McDonough, LLP (“Defendant”) had reached a settlement. In an Order dated September 11, 2020, Your Honor discontinued the action without prejudice, and permitted the parties thirty (30) days (i.e., by
Monday, October 12) to file an application to restore the action. Dkt. No. 50.
The parties are diligently working to memorialize the settlement in a formal agreement. To that end, and pursuant to Local Civil Rule 7.1(d) and Rule 1(C) of Your Honor’s Individual Practices in Civil Cases, the parties respectfully request that Your Honor extend by thirty (30) days the deadline by which the parties may file an application to restore the action to and including Wednesday, November 11, 2020.
Thank you for your consideration of this matter.
Respectfully,
BOND, SCHOENECK & KING, PLLC
Brendan M. Sheehan
cc: Joseph L. Francoeur, Esq. (via electronic filing)
Fri 9/11 1 pgs ORDER OF DISMISSAL: It having been reported to this Court that the parties in this case have reached a settlement, Dkt. No. 49, it is hereby ORDERED that the above-captioned action is discontinued without costs to any party and without prejudice to restoring the action to this Court's calendar if the application to restore the action is made within thirty (30) days. To be clear, any application to reopen must be filed within thirty days of this Order; any application to reopen filed thereafter may be denied solely on that basis. All scheduled conferences are hereby adjourned. Within the thirty-day period provided for in this Order, the parties may submit to the Court their own Stipulation of Dismissal for the Court to So Order. Pursuant to Rule 5.A. of the Court's Individual Practices in Civil Cases, the Court will not retain jurisdiction to enforce a settlement agreement unless the terms of the agreement are made part of the public record. SO ORDERED. (Signed by Judge Alison J. Nathan on 9/11/2020) (mml)
--------------------------
So, we should hear soon what settlement agreement was/is and should be hearing about Farley's agreement. Do we get all shares back? We should also receive bond money back for those shares.
I'm not sure I'd agree that private investors are worse than public. lol..
This company needs a contract announcement
Todays filing referenced April 30th filing:
https://www.sec.gov/Archives/edgar/data/879911/000121390020010500/ea121131-s1_appliedenergetic.htm
Which included :
The Company is offering its shares directly to the public at a price of $[0.30] per share and has no prior arrangement with any underwriter. The Company will receive all of the proceeds from its portion of this offering some of which will be used to pay expenses of this offering as set forth elsewhere in this prospectus.
------------------------------------------------
Now, read again todays filing:
https://www.sec.gov/Archives/edgar/data/879911/000121390020026542/ea126842-rw_appliedener.htm
The Company may undertake a subsequent private offering in reliance on Rule 155(c) following grant of the Order.
------------------------------------------------
Now compare above to this :
On August 31, 2020, Applied Energetics, Inc. completed its bridge financing consisting of the issuance of 10% Promissory Notes in the aggregate original principal amount of $5,411,698, which amount includes $1,087,698 which were issued upon exchange for principal and/or interest due on outstanding promissory notes that were previously issued by the company. These notes bear interest at a rate of 10% per annum. At any time after October 15, 2020 until July 15, 2021, the date of maturity, (i) each investor may elect to convert these notes into shares of our common stock, at a conversion price of $0.30 per share and (ii) the company may elect to prepay, either in cash or in shares of common stock at a price of $0.30 per share, at the option of the holder, the amount of principal and interest then outstanding under each note. In the event we elect to prepay the notes, we will notify the holders, each of whom will then have five business days to notify the company if they prefer to receive such prepayment in cash or stock. These notes are payable in full at maturity. In lieu of repayment of the principal and interest on the notes at maturity, the company may elect to convert the amounts due into shares of common stock at a price of $0.15 per share.
--------------------------------
Now, if it's still not clear, read about Rule 477(a).
:)
In relation to today’s filing:
On August 31, 2020, Applied Energetics, Inc. completed its bridge financing consisting of the issuance of 10% Promissory Notes in the aggregate original principal amount of $5,411,698, which amount includes $1,087,698 which were issued upon exchange for principal and/or interest due on outstanding promissory notes that were previously issued by the company. These notes bear interest at a rate of 10% per annum. At any time after October 15, 2020 until July 15, 2021, the date of maturity, (i) each investor may elect to convert these notes into shares of our common stock, at a conversion price of $0.30 per share and (ii) the company may elect to prepay, either in cash or in shares of common stock at a price of $0.30 per share, at the option of the holder, the amount of principal and interest then outstanding under each note. In the event we elect to prepay the notes, we will notify the holders, each of whom will then have five business days to notify the company if they prefer to receive such prepayment in cash or stock. These notes are payable in full at maturity. In lieu of repayment of the principal and interest on the notes at maturity, the company may elect to convert the amounts due into shares of common stock at a price of $0.15 per share.
Applied Energetics, Inc. v. Stein Riso Mantel McDonough, LLP
ORDER OF DISMISSAL: It having been reported to this Court that the parties in this case have reached a settlement, Dkt. No. 49, it is hereby ORDERED that the above-captioned action is discontinued without costs to any party and without prejudice to restoring the action to this Court's calendar if the application to restore the action is made within thirty (30) days. To be clear, any application to reopen must be filed within thirty days of this Order; any application to reopen filed thereafter may be denied solely on that basis. All scheduled conferences are hereby adjourned. Within the thirty-day period provided for in this Order, the parties may submit to the Court their own Stipulation of Dismissal for the Court to So Order. Pursuant to Rule 5.A. of the Court's Individual Practices in Civil Cases, the Court will not retain jurisdiction to enforce a settlement agreement unless the terms of the agreement are made part of the public record. SO ORDERED. (Signed by Judge Alison J. Nathan on 9/11/2020)
Saw this one coming :)
As of March 4, 2020, AERG executed a contract agreement with the US Army to investigate Standoff Electronic Denial systems using ultrashort pulse lasers. The final report for this Phase I contract was submitted on July 3, 2020 and the US Army subsequently accepted the Phase I Final Report and invited AERG to participate in the Phase II process through the submission of a Phase II proposal, which was subsequently submitted and accepted on August 10, 2020, and we await the review of this proposed technological advance for the US Army Standoff Electronic Denial topic. Applied Energetics continues to engage various communities with research, development and deliverable proposals focused primarily on the applications of ultrashort pulse laser and optical systems.
https://www.sbir.gov/node/1620995
https://www.army.mil/article/231468/army_selects_20_small_businesses_research_partners_for_tech_development
September 3, 2020
Case 1:19-cv-01232-AJN
Document 49
Filed 09/03/20 Page 1 of 1
One Lincoln Center | Syracuse, NY 13202-1355 | bsk.com
BRENDAN M. SHEEHAN, ESQ.
bsheehan@bsk.com P: 315.218.8120 F: 315.218.8100
VIA ELECTRONIC FILING
Hon. Alison J. Nathan
United States District Judge Thurgood Marshall U.S. Courthouse 40 Foley Square
New York, New York 10007
Re: Applied Energetics, Inc. v. Stein Riso Mantel McDonough, LLP Case No. 19-cv-01232
Dear Judge Nathan:
We represent plaintiff, Applied Energetics, Inc. (“AE”), in the above-referenced action. With the consent of counsel for defendant, Stein Riso Mantel McDonough, LLP (“Defendant”), I write to inform Your Honor that the parties have reached a settlement in this action. The parties are in the process of memorializing the settlement in a formal agreement, and we anticipate that the parties
will be filing a joint stipulation of dismissal as soon as is practicable. Accordingly, we respectfully request that Your Honor hold AE’s pending motion for leave to file is Third Amended Complaint (Dkt. No. 41) in abeyance pending the parties’ voluntary resolution of this action.
Thank you for your consideration of this matter. Respectfully,
BOND SCHOENECK & KING PLLC
,,
Brendan M. Sheehan
cc: Joseph L. Francoe
September 3, 2020
Case 1:19-cv-01232-AJN
Document 49
Filed 09/03/20 Page 1 of 1
One Lincoln Center | Syracuse, NY 13202-1355 | bsk.com
BRENDAN M. SHEEHAN, ESQ.
bsheehan@bsk.com P: 315.218.8120 F: 315.218.8100
VIA ELECTRONIC FILING
Hon. Alison J. Nathan
United States District Judge Thurgood Marshall U.S. Courthouse 40 Foley Square
New York, New York 10007
Re: Applied Energetics, Inc. v. Stein Riso Mantel McDonough, LLP Case No. 19-cv-01232
Dear Judge Nathan:
We represent plaintiff, Applied Energetics, Inc. (“AE”), in the above-referenced action. With the consent of counsel for defendant, Stein Riso Mantel McDonough, LLP (“Defendant”), I write to inform Your Honor that the parties have reached a settlement in this action. The parties are in the process of memorializing the settlement in a formal agreement, and we anticipate that the parties
will be filing a joint stipulation of dismissal as soon as is practicable. Accordingly, we respectfully request that Your Honor hold AE’s pending motion for leave to file is Third Amended Complaint (Dkt. No. 41) in abeyance pending the parties’ voluntary resolution of this action.
Thank you for your consideration of this matter. Respectfully,
BOND SCHOENECK & KING PLLC
,,
Brendan M. Sheehan
cc: Joseph L. Francoe
Who's paying attention? Pretty sure SHORTS are~
https://fintel.io/ss/us/aerg
---------------------------
From AERG's website, if you don't already know~
https://aergs.com/wp-content/uploads/2019/11/2019_AERG-Investor-Presentation-1625-1NOV2019-Final.pdf
Read page 5
THIS is what AERG does:
Ultra Short Pulse Lasers (USP)
• High peak power ~ TeraWatt (TW) [1 TW = 1 Billion kW] • 1 TW ~ Peak electrical power output of the U.S. grid
• Produces non-thermal effects
• Ability to guide electrical discharges (LGE)
• Primary uses against imagers and sensors
----------------------
Now look at this:
https://www.sbir.gov/node/1654485
https://rt.cto.mil/wp-content/uploads/2020/01/A20-091.pdf
https://nationalinterest.org/blog/buzz/us-army-wants-pulsed-lasers-slice-missiles-half-112861
----------------------
So when will this be awarded?
Calling all Shorties!!!!!!! Check this out
SHORT INTEREST
DATE SHORT INTEREST % CHANGE AVG. DAILY SHARE VOL(DAYS TO COVER)
12/31/2019 1,135,303 -23.59 177,448 ( 6.4)
12/13/2019 1,485,809 -10.64 162,610 ( 9.14)
11/30/2019 1,662,679 -3.46 203,462. (8.17)
11/15/2019 1,722,354 -1.02 154,164 ( 11.17)
I think I see a pattern here. No?
Bye Bye Shorty!
Been a long wait for us longs. 10 years for me. Going to be interesting to see what the shorts try to pull once the really good news hits. It's coming...and they can't stop it :)
2020--A year to celebrate. Will I see 7 digits? Maybe!!
Short interest decline?
INTEREST % CHANGE AVG. DAILY SHARE VOL
12/13/2019 1,485,809 -10.64 162,610
11/30/2019 1,662,679 -3.46 203,462
Short interest decline?
INTEREST % CHANGE AVG. DAILY SHARE VOL
12/13/2019 1,485,809 -10.64 162,610
11/30/2019 1,662,679 -3.46 203,462
Haha- my thoughts as well
More like “Stuff a sock in it Adam Gefvert”. He’s the one who wrote article on Seeking Alpha.
Different place and time
There was a distinct reason why there were not more contracts over the past few years for what AERG develops. If you were paying attention to that, you know the reasons why the funding stopped for them and MANY other contractors/sub-contractors who supply to the DoD.
With that being said, there is obviously a new game plan for the DoD and specifically, Direct Energy Weapons. There have been many articles related to this and IF you understand there are distinct differences in these types of technologies, you understand why AERG is in a really good space right now. The question now to me is not "if", but "when". There is a reason why so much effort was put into reviving this company and why the new people on board want to be associated with them. Look at the BOD and CEO closer and don't base that on 3rd party sites who are known for manipulating information for personal gain.
Shorts have accumulated some shares for sure based on latest report...an increase of 19.23% on 5/31/19. You can be sure there will be more mis-representation from some of those guys like there was yesterday.