0001213900-10-002867.txt : 20100714 0001213900-10-002867.hdr.sgml : 20100714 20100714164632 ACCESSION NUMBER: 0001213900-10-002867 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100714 DATE AS OF CHANGE: 20100714 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Clear Skies Solar, Inc CENTRAL INDEX KEY: 0001402857 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 300401535 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84811 FILM NUMBER: 10952539 BUSINESS ADDRESS: STREET 1: 200 OLD COUNTRY ROAD STREET 2: SUITE 610 CITY: MINEOLA STATE: NY ZIP: 11501 BUSINESS PHONE: (516) 282-7652 MAIL ADDRESS: STREET 1: 200 OLD COUNTRY ROAD STREET 2: SUITE 610 CITY: MINEOLA STATE: NY ZIP: 11501 FORMER COMPANY: FORMER CONFORMED NAME: Clear Skies Holdings Inc DATE OF NAME CHANGE: 20071219 FORMER COMPANY: FORMER CONFORMED NAME: Bip Oil Inc DATE OF NAME CHANGE: 20070612 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALPHA CAPITAL ANSTALT CENTRAL INDEX KEY: 0001140358 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PRADAFAUT 7 STREET 2: FURSTENTUMS 1490 CITY: VADUZ LIECHTENSTEIN STATE: C4 ZIP: 99999 BUSINESS PHONE: 0114232376363 MAIL ADDRESS: STREET 1: PRADAFAUT 7 STREET 2: FURSTENTUMS 1490 CITY: VADUZ LIECHTENSTEIN STATE: C4 ZIP: 99999 FORMER COMPANY: FORMER CONFORMED NAME: ALPHA CAPITAL AKTIENGESELLSCHAFT DATE OF NAME CHANGE: 20010510 SC 13G/A 1 sc13g0710a1alpha_clearskies.htm SCHEDULE 13 G/A sc13g0710a1alpha_clearskies.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)

 
CLEAR SKIES SOLAR, INC.
(Name of Issuer)
 

COMMON STOCK, $.001 PAR VALUE PER SHARE
(Title of Class of Securities)

 
184681104
(CUSIP Number)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(c)


*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


 

 
(Continued on following page(s)
 
Page 1 of 4 Pages
 
 
 
 
 
CUSIP No. 184681104        13G    Page 2 of 4 Pages
 

 
 1.    NAMES OF REPORTING PERSON
                S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Alpha Capital Anstalt
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
                                                                 (a)   [_]
                                                                 (b)   [X]
3.    SEC USE ONLY

4.    CITIZENSHIP OR PLACE OF ORGANIZATION

Liechtenstein
5.   SOLE VOTING POWER, NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON – 10,026,208 Common Shares
 
 
6.   SHARED VOTING POWER - None

7.   SOLE DISPOSITIVE POWER – 10,026,208 Common Shares

8.   SHARED DISPOSITIVE POWER - None

9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -

10,026,208 Common Shares
10.    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES                                                   [  X  ]
 
Does not include shares issuable upon conversion of Convertible Notes.  The full conversion of Alpha Capital Anstalt’s Convertible Notes would exceed a contractually stipulated ownership restriction.

11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

9%
12.    TYPE OF REPORTING PERSON
 
CO
 
 
 
 
 
CUSIP No. 184681104        13G    Page 3 of 4 Pages
 


ITEM 1 (a) NAME OF ISSUER: Clear Skies Solar, Inc., a Delaware corporation

ITEM 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

             200 Old Country Road, Suite 610, Mineola, NY 11501

ITEM 2 (a) NAME OF PERSON FILING: Alpha Capital Anstalt

ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

              Pradafant 7, Furstentums 9490, Vaduz, Liechtenstein

ITEM 2 (c) CITIZENSHIP: Liechtenstein

ITEM 2 (d) TITLE OF CLASS OF SECURITIES: Common Stock, $.001 par value per share

ITEM 2 (e) CUSIP NUMBER:  184681104

ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR
       13D-2(B):  Not applicable

ITEM 4 OWNERSHIP

         (a) AMOUNT BENEFICIALLY OWNED: 10,026,208 Common Shares

         (b) PERCENT OF CLASS: 9%

         (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

             (i)   SOLE POWER TO VOTE OR DIRECT THE VOTE

10,026,208 Common Shares

             (ii)  SHARED POWER TO VOTE OR DIRECT THE VOTE

                                    0 Shares

             (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

                                10,026,208 Common Shares

             (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

                                    0 Shares
 
 
 
 
 
CUSIP No. 184681104        13G    Page 4 of 4 Pages
 

ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

                                 Not applicable

ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

                                 Not applicable

ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
       SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

                                 Not applicable

ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP

                                 Not applicable

ITEM 9   NOTICE OF DISSOLUTION OF GROUP

                                 Not applicable



SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
   July 14, 2010
   (Date)
   
   /s/ Konrad Ackerman
   (Signature)
   
   Alpha Capital Anstalt
   By: Konrad Ackerman, Director
   (Name/Title)