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Applied Energetics Issues Follow-up Letter to Shareholders

APPLIED ENERGETICS (AERG)  More Company Research Source: GlobeNewswire
PDF Tucson, AZ, May 16, 2018 (GLOBE NEWSWIRE) -- Applied Energetics, Inc. (OTCQB: AERG) today announced that Chief Executive Officer Thomas C. Dearmin has issued the following letter to shareholders. We invite interested parties to visit us at www.aergs.com Fellow Shareholders, Ten days ago, in a letter to Applied Energetics (AE) shareholders, management set forth a number of short-term action plans that would be needed for the successful reconstitution of the company. Since that time, the company has been actively addressing many of these matters in order of importance. As we move forward, managements highest priority is the recapitalization of Applied Energetics. In this regard we are pleased to announce the closing of a $1.65 million-dollar funding for the company with all stock having been subscribed to and subscription agreements in place as of May 11, 2018. Importantly, this will provide management with short term operating capital wh [Read more]

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