Ascent Solar Technologies Inc (ASTI)

[fredman]

The conversion of shares / dilution is likely to accelerate the more shares that are outstanding. For instance, on January 10, 2017, Bay Capital reported with the SEC they owned 21,278,517 shares in accordance with the 9.9% Blocker (based on the total of 214,934,518 outstanding shares of Common Stock as reported on the 10-Q for the quarterly period that ended September 30, 2016).
The recent filings indicate there were 865,524,080 shares of Common Stock outstanding on January 17, 2017 approximately 4 times the OS previously reported.
On January 20, 2017, it was reported there were 333,330,000 shares issued to TFG / Mr. Lee on January 20, 2017 representing 24% OS or a new total of ~ 1,416,652,500 OS or almost 7 times the OS previously reported.
Source: http://finance.yahoo.com/news/ascent-solar-ceo-increases-equity-110000566.html

The same 9.9% stake / ~ 21,278,517 shares in ASTI common shares is now approximately 141,000,000 shares, over 7 times the 21,278,517 shares.

January 20, 2017 SEC filing indicating Redwood Management Convertible Notes: 13,009,083 shares Common stock and 152,380,952 shares Common Stock and $2,701,787.46 in Convertible Promissory Notes issued by the Issuer which are convertible into 2,814,361,937 shares common stock.

Source: https://www.sec.gov/Archives/edgar/data/1350102/000114420417003118/v457153_sc13ga.htm

The dilution will likely accelerate as more OS are authorized to accomodate the issuance of convertible notes.
The convertible notes are what is killing / toxic to shareholder value. We are headed to .000's. Dead cat bounce, all imo.