I am not an expert, as I only recently started learning opengl myself, but from my understanding glLoadIdentity() clears the currently selected matrix. If you read through the OpenGL Documentation thoroughly, you will find that OpenGL stores four matrices of data. I learnt about them from a very helpful tutorial here. Basically the first matrix is the model matrix, it stores the offsets for the creation of stuff in your scene. The second matrix is the view matrix, it stores the offsets for the camera that views your scene. The third matrix is the modelview matrix, which is a combination of the two. The final matrix is the projection matrix, which stores information about how the camera draws the scene. Calling glLoadIdentity() resets the currently loaded matrix to an empty array (of zeroes if I remember correctly) allowing you to transform the matrices without just adding onto the previous transformations.
For Each ctrl As Control In Me.Controls("pnlMainPanel").Controls
If ctrl.GetType Is GetType(System.Windows.Forms.Panel) Then
For Each subCtrl As Control In ctrl.Controls
If subCtrl.GetType Is GetType(System.Windows.Forms.TextBox) Then
If subCtrl.GetType Is ...