-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DJ4ByrGdFChWoo2NPhh6zxdI1ktbzWH+8mnXyvF+zXb8/vDK7zCoDLP3CENSSbMl LIgWPiZAysIhNksyE4g70g== 0000884300-08-000041.txt : 20080908 0000884300-08-000041.hdr.sgml : 20080908 20080908120745 ACCESSION NUMBER: 0000884300-08-000041 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080908 DATE AS OF CHANGE: 20080908 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Photovoltaic Solar Cells, Inc. CENTRAL INDEX KEY: 0001404943 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 208753132 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83872 FILM NUMBER: 081060258 BUSINESS ADDRESS: STREET 1: 4115 BANDY BLVD. STREET 2: UNIT A-7 CITY: FT. PIERCE STATE: FL ZIP: 34981 BUSINESS PHONE: 727-735-7832 MAIL ADDRESS: STREET 1: 4115 BANDY BLVD. STREET 2: UNIT A-7 CITY: FT. PIERCE STATE: FL ZIP: 34981 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERKINS CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0000884300 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 411501962 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 730 EAST LAKE STREET CITY: WAYZATA STATE: MN ZIP: 55391-1769 BUSINESS PHONE: 9524738367 MAIL ADDRESS: STREET 1: 730 EAST LAKE STREET CITY: WAYZATA STATE: MN ZIP: 55391 FORMER COMPANY: FORMER CONFORMED NAME: PERKINS CAPITAL MANAGEMENT INC ET AL DATE OF NAME CHANGE: 19960212 SC 13G/A 1 pvso13ga0808.txt PVSO13GA UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1 ) Photovoltaic Solar Cells Inc (Name of Issuer) Common (Title of Class of Securities) 71942A109 (CUSIP Number) September 8, 2008 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. CUSIP No. 71942A109 Page 2 of 7 1.Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Perkins Capital Management, Inc. 41-1501962 2.Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / / 3.SEC Use Only 4.Citizenship or Place of Organization A Minnesota Corporation Number of Shares Bene- 5.Sole Voting Power 175,000 ficially owned by Each 6.Shared Voting Power Reporting 0 7.Sole Dispositive Power 375,000 Person With: 8.Shared Dispositive Power 0 9.Aggregate Amount Beneficially Owned by Each Reporting Person 375,000 10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11.Percent of Class Represented by Amount in Row (9) 7.6% 12.Type of Reporting Person (See Instructions) IA CUSIP No. 71942A109 Page 3 of 7 1.Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Richard W. Perkins ###-##-#### 2.Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / / 3.SEC Use Only 4.Citizenship or Place of Organization A United States Citizen Number of Shares Bene- 5.Sole Voting Power 175,000 ficially owned By Each 6.Shared Voting Power 0 Reporting Person With: 7.Sole Dispositive Power 175,000 8.Shared Dispositive Power 0 9.Aggregate Amount Beneficially Owned by Each Reporting Person 175,000 10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11.Percent of Class Represented by Amount in Row (9) 3.5% 12.Type of Reporting Person (See Instructions) IN Item 1. (a)Name of Issuer Photovoltaic Solar Cells (b)Address of Issuer's Principal Executive Offices 4115 Bandy Blvd, Unit A-7, Fort Pierce, FL 34981 Item 2. (a)Name of Person Filing Perkins Capital Management, Inc. and Richard W. Perkins (b)Address of Principal Business Office or, if none, Residence 730 Lake St E Wayzata MN 55391 (c)Citizenship Perkins Capita Management is a Minnesota Corporation Richard W. Perkins is a US citizen (d)Title of Class of Securities Common (e)CUSIP Number 71942A109 Item 3. If this statement is filed pursuant to SS240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(s)(6) of the Act (15 U.S.C. 78c). (c) Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) X An investment adviser in accordance with S240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with S240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with S240.13d-1(b)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with S240.13d-1(b)(1)(ii)(J). Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 550,000 (375,000 held on behalf of clients and 175,000 held by Richard W. Perkins in various trusts) (b) Percent of Class: 11.1% (7.6% held on behalf of clients and 3.5% held by Richard W. Perkins in various trusts) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 350,000 (175,000 shares for Perkins Capital Management, Inc. and 175,000 shares for Richard W. Perkins) (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 550,000 (375,000 shares for Perkins Capital Management, Inc. and 175,000 shares for Richard W. Perkins) (iv) Shared power to dispose or to direct the disposition of: 0 Instruction: For computations regarding securities which represent a right to acquire an underlying security see S240.13d(1). Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following X . Perkins Capital Management continues to hold more than 5% on behalf of clients. Richard W. Perkins had reduced holdings in his various trusts to 3.5%. Item 6. Ownership of More than Five Percent on Behalf of Another Person. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Item 8. Identification and Classification of Members of the Group If a group has filed this schedule pursuant to S240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to S240.13d-1(c) or S240.13d(d), attach an exhibit stating the identity of each member of the group. Item 9. Notice of Dissolution of Group Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to S240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. (b) The following certification shall be included if the statement is filed pursuant to S240.13d-1(c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Joint Filing Agreement Pursuant to Rule 13d-1(f)(1) This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934 (the "ACT") by and among the parties listed below, each referred to herein as a "Joint Filer". The Joint Filers agree that a statement of beneficial ownership as required by Section 13(d) of the ACT and the rules thereunder may be filed on each of their behalf on Schedule 13D or Schedule 13G as appropriate and that said joint filing may thereafter be amended by further joint filings. The joint filers state that to the best of their knowledge and belief they each satisfy the requirement for making a joint filing under rule 13d-1. 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. September 8, 2008 September 8,2008 Date Date /S/ Richard C. Perkins /S/ Richard W. Perkins Signature Signature Richard C. Perkins Richard W. Perkins EVP, Portfolio Manager President, Portfolio Manager Name/Title Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than and executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See S240.13d-7 for other parties for whom copies are to be sent. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) Schedule 13G -----END PRIVACY-ENHANCED MESSAGE-----