May 12 (Reuters) - Applied Solar Inc:
* Says reviewing options for financing working capital requirements -filing
* Says no commitments for financing are in place
* Says primary investor says unwilling to fund operations at current expense
level
* Says considering bankruptcy
* Says in discussions on secured loan with primary investor quercus trust
* Says loan would provide working capital for up to several weeks
* Says investors could love all their investment in bankruptcy or similar
restructuring
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Applied Solar Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says reviewing options for financing working capital requirements -filing
* Says no commitments for financing are in place
* Says primary investor says unwilling to fund operations at current expense
level
* Says considering bankruptcy
* Says in discussions on secured loan with primary investor quercus trust
* Says loan would provide working capital for up to several weeks
* Says investors could love all their investment in bankruptcy or similar
restructuring
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Applied Solar Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.