SES Solar Inc. (SESI)

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I took a position here this morning

looks promising

The number of shares outstanding of each of the issuer’s classes of stock as of May 11, 2007 is 73,081,168 shares of common stock, par value $.001 per share.

Common stock, $0.001 par value; authorized 100,000,000 shares, issued and outstanding; 73,081,168 shares


http://www.sessolar.com

Thin layer panels:ASITHRU and ASIOPAK by RWE Schott Solar
Used in the same applications, thin layer panels provide a more neutral background and transparency. These panels are available in double and triple pane glass.






park your car under here for shade and plug it in for a recharge?

http://www.societe-energie-solaire.com/index_en.php?page=galeriephotosrwe

http://www.societe-energie-solaire.com/galerie_en.php

SES SOLAR INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

1. Organization and Nature of Operations

Organization - SES SOLAR INC., (the “Company” or "SES USA") is the result of a reverse acquisition accomplished on September 27, 2006 between SES USA, a Delaware company, which had no operations and net assets of $39,069, and Société d'Energie Solaire SA (“SES Switzerland”), a Swiss company. SES USA acquired all of the outstanding shares of SES Switzerland. For accounting purposes, the acquisition has been treated as a recapitalization of SES Switzerland with SES Switzerland as the acquirer (reverse acquisition). SES Switzerland acquired 10,668,000 shares of SES USA common stock in the transaction. The historical financial statements prior to September 27, 2006 are those of SES Switzerland. The reverse acquisition resulted in a change of control of SES USA, with the former stockholders of SES Switzerland owning approximately 70% of SES USA and SES Switzerland becoming SES USA's wholly owned subsidiary.

SES Switzerland was formed in 2001 for the purpose of researching, developing, manufacturing and selling innovative products to the solar photovoltaic market. From its inception, SES Switzerland has focused primarily on manufacturing and installing silicon photovoltaic solar cells panels. The principal source of revenue for the Company has been the sale of photovoltaic panels in turn-key installations, manufactured in house or purchased from subcontractors, to electric companies, local governmental agencies and private house owners.

SES USA was engaged in a round of financing on November 7, 2006. SES USA issued 4,100,001 shares of common stock to third parties resulting in a dilution of the historical and former shareholders of SES Switzerland to approximately 66%

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As per an agreement dated September 1, 2006 (as amended), related to the reverse acquisition, the Company is required to obtain additional financing in the amount of CHF12,000,000 no later than November 30, 2007 to build a manufacturing plant in Plan-les-Ouates. Otherwise, 24,143,410 escrowed shares will be cancelled. The escrowed shares are not included in the calculation of Earnings per Share since they are anti-dilutive.

Three Months Ended March 31, 2007 2006
Basic Weighted average shares outstanding 48,937,761 (2007) ---- 24,143,410 (2006)


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