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More Dilution! ** NEW SEC FILING **
"The Reporting Persons of Redwood Management, LLC, a Florida limited liability company (“Redwood”), Redwood Fund III Ltd, a limited partnership organized under the laws of the Cayman Islands (“Fund”), RDW Capital LLC, a Florida limited liability company (“RDW”), and BOU Trust, a trust organized under the laws of the State of New Jersey (“BOU,” and collectively with Redwood, Fund and RDW, the “Reporting Persons”), constitute a “group” which holds, in the aggregate, 105 shares of the Issuer’s Series E 7% Convertible Preferred Stock (the “Series E Shares”) which are convertible into 13,009,083 shares of the Issuer’s common stock, par value $0.0001 per share (the “Common Stock”), based on the current applicable conversion rate, 160 shares of the Issuer’s Series F 7% Convertible Preferred Stock (the “Series F Shares”) which are convertible into 152,380,952 shares of Common Stock, based on the current applicable conversion rate, and $2,701,787.46 in Convertible Promissory Notes issued by the Issuer (the “Notes”) which are convertible into 2,814,361,937 shares of Common Stock, based on the current applicable conversion rate. As the aforementioned conversion rates are variable, the exact number of shares of Common Stock which the Reporting Persons can acquire is inexact."
Source: https://www.sec.gov/Archives/edgar/data/1350102/000114420417003118/v457153_sc13ga.htm
I think its going to pop lower, hitting a wall volume dried up @ .0032, imo.
4+m on ask, floor dropping out going lower, imo.
I would argue smart trader knew it was going lower and, mr. Lee is the biggest culprit, imo.
Going lower massive dilution 1.36B+ Common ASTI OS, imo.
Likely going lower, was ~ .003 EOD. Likely selling pressure into rally then fade as bagholders dont want to hold over weekend. It seems with Mr. Lee 1 step forward, 3 steps back with MASSIVE dilution news, 1.36B OS +++ imo.
Of course they would convert, Mr. Lee and company now own 25% of ASTI regardless of share price, if the company went bankrupt they stand a better chance of recovery as opposed to holding only unsecured notes. Common shareholders are sunk due to massive dilution, imo. There are now over 1.36 Billion ASTI shares outstanding, a huge jump from the 214,934,518 outstanding shares of Common Stock as reported on the 10-Q for the quarterly period that ended September 30, 2016. Way more dilution than even Fredman had anticipated, and likely going to max out to 2B OS and Reverse Split soon, all imo.
"The Company will issue approximately 333.33 million shares
The new ownership by TFG represents approximately 24% of the outstanding shares of Common Stock of the Company on a post transaction basis."
So if my math is correct, there is currently ~ 1.36 Billion common shares outstanding?
"Over the last 5 years, TFG alone has committed approximately $10M to Ascent"
How much $ has common shareholders invested (lost) in Ascent? Probably well more then $100 million? I smell a class action lawsuit brewing, imo.
I agree, more dilution. I would rather the company have the 600k in unsecured nonconvertable notes outstanding as opposed to an increase in the outstanding common shares by 24%. I smell conflict of interest as Mr. Lee only stands to win by the transaction, imo.
"Tertius Financial Group Pte. Ltd. ("TFG"), a Singapore based entity controlled and 50% owned by Ascent's President & CEO, Victor Lee."
Gimme Some More Cheapies!
Boeing, Airbus, Lockheed you name it, buying hand and fist, imo.
VNDM @ .0700 !!!!!
VNDM @ .0025 premarket. Will likely retreat back to .004+ when he gets back in the office, imo.
This is probably why investors felt confident getting unsecured / non convertible notes as of late, imo.
"This contract is only the 'tip of the iceberg' as the project, if successfully launched, is expected to be rolled out on a much larger scale in the near future."
Source: http://finance.yahoo.com/news/ascent-solar-clinches-major-contract-110000547.html
Ascent Solar Expands Retail Footprint to Over 1,600 Verizon Wireless Premium Stores Increasing Sales and Visibility of its EnerPlex Brand. - 11/30/16
"This partnership will allow us to build a strong revenue baseline for our consumer business, and is a channel which we expect to see strong revenue traction heading into 2017."
Source: http://investors.ascentsolar.com/releasedetail.cfm?ReleaseID=1001443
Consolidation for next leg up, imo. VNDM now @ .004
There are several other unsecured non-convertible transactions recently from the following holder in ASTI. China wants the technology. I doubt the Trump administration will let that happen without a bidding war. All imo. Long ASTI
HOLDER:
GLOBAL ICHIBAN LTD
For and on Behalf of
LT Asia Management Ltd
By: /s/ Ashley Ong
Name: Ashley Ong
Title: Authorized Signatory
If I read the filing correctly, Bay Private Equity bought preferred shares from several holders, and now owns 9.9% or 21,278,517 shares of ASTI common stock. According to a "blocker" provision, the company is prohibited from owning more shares?
Bay Private Equity Inc.
Robert Klimov
2727 Steeles Avenue, Suite 403, Toronto, Ontario M3J3g9
Robert Klimov
https://ca.linkedin.com/in/robert-klimov-590bb3120
http://bellridgecapital.com/
According to the SEC, this is the companies only filing to date.
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001693510&action=getcompany
Maybe Bay Private Equity intends to take ASTI private???
I have not researched prior ASTI SEC filings in depth, but Canada is a new one to me. Maybe a bidding war will ensue with China for ASTI technology / patents? It will be interesting where things end. Long ASTI
According to the filing they made 3 purchases in October and December, 2016 for a total of 580 shares of Series G Preferred Stock and now own 250 shares as of the filing. I am unaware of what the conversion ratio is for the shares to common shares of ASTI. Probably not the 2 billion shares as suggested. They may have indeed converted some shares, but to me it sounds more than likely they are accumulating a stake in ASTI. According to the blocker they cannot own more than 9.99% of the company I believe and therefore selling the extra shares above and beyond the 9.99% would not effect their 9.99% stake in the company and also free up some capital. The name of the company is Bay Private Equity Inc. According to the SEC, it is the only filing to date of the company. I believe it is very likely Robert Klimov of Bellridge Capital (Canada) set up the Nevada corporation for the purposes of possibly acquiring a stake in / possibly taking ASTI private.
"On October 28, 2016 Bay Private Equity Inc. (The Reporting Person) purchased 250 shares of the Company’s series G preferred stock from a stockholder who was not an affiliate of the Company. On December 1, 2016 the Reporting Person purchased 80 shares of the Company’s series G preferred stock from a stockholder who was not an affiliate of the Company. On December 29, 206 the Reporting Person purchased 250 shares of the Company’s Series G preferred stock from a stockholder who was not an affiliate of the Company.
The Reporting Person continues to hold 250 shares of Series G Preferred Stock, which shares are subject to the Blocker."
I believe it is possible Bay Private Equity decided to sell the 250 shares from October 28, and the 60 Shares of Preferred Stock from December 1 after the first of the year to comply with the provisions of the 30 day wash sale rule. The company would benefit from the freed up capital, also would be able to claim the loss against future gains and also the company still holds 250 shares of preferred, retaining the maximum allowed under blocker of 9.99% interest in the company,=.
All imo.
Thanks for DD OP, Moderator please make post sticky.
hehehe ;) Hopefully those severely underwater had the opportunity to average down. I am definitely in the glass half full camp! Cheers and GLTA!
ASTI will see triple pennies (as in 3 cents) before it sees tripple 0's, imo. GLTA
"The cargo hold is filled with precious booty!"
Here are the 11 new videos / commercials from Ascent Solar / EnerPlex!
Portable Solar Power by EnerPlex
There are 11 new Ascent Solar EnePlex Commercials / Videos posted on Youtube:
https://www.youtube.com/user/GoEnerPlex/videos
The above link should work.
There are 11 new Ascent Solar EnePlex Commercials / Videos posted on Youtube:
http//www.youtube.com/user/GoEnerPlex/videos
Glad someone is taking notice. I find it interesting the name they decided to use for the Ascent Solar acquisition: Bay Private Equity They continue to hold 250 shares of preferred stock, 9.99% of the OS of ASTI, the maximum according the the blocker provision. I believe Boris Klimov might have intentions on taking company private, all imo.
double post
"On October 28, 2016 Bay Private Equity Inc. (The Reporting Person) purchased 250 shares of the Company’s series G preferred stock from a stockholder who was not an affiliate of the Company. On December 1, 2016 the Reporting Person purchased 80 shares of the Company’s series G preferred stock from a stockholder who was not an affiliate of the Company. On December 29, 206 the Reporting Person purchased 250 shares of the Company’s Series G preferred stock from a stockholder who was not an affiliate of the Company.
The Reporting Person continues to hold 250 shares of Series G Preferred Stock, which shares are subject to the Blocker."
I believe it is possible Bay Private Equity decided to sell the 250 shares from October 28, and the 60 Shares of Preferred Stock from December 1 after the first of the year to comply with the provisions of the 30 day wash sale rule. The company would benefit from the freed up capital, also would be able to claim the loss against future gains and also the company still holds 250 shares of preferred, retaining the maximum allowed under blocker of 9.99% interest in the company, all imo.
According to the filing they made 3 purchases in October and December, 2016 for a total of 580 shares of Series G Preferred Stock and now own 250 shares as of the filing. I am unaware of what the conversion ratio is for the shares to common shares of ASTI. Probably not the 2 billion shares as suggested. They may have indeed converted some shares, but to me it sounds more than likely they are accumulating a stake in ASTI. According to the blocker they cannot own more than 9.99% of the company I believe and therefore selling the extra shares above and beyond the 9.99% would not effect their 9.99% stake in the company and also free up some capital. The name of the company is Bay Private Equity Inc. According to the SEC, it is the only filing to date of the company. I believe it is very likely Robert Klimov of Bellridge Capital (Canada) set up the Nevada corporation for the purposes of possibly acquiring a stake in / possibly taking ASTI private.
All IMO.
GLTA
If I read the filing correctly, Bay Private Equity bought preferred shares from several holders, and now owns 9.9% or 21,278,517 shares of ASTI common stock. According to a "blocker" provision, the company is prohibited from owning more shares?
Bay Private Equity Inc.
Robert Klimov
2727 Steeles Avenue, Suite 403, Toronto, Ontario M3J3g9
Robert Klimov
https://ca.linkedin.com/in/robert-klimov-590bb3120
http://bellridgecapital.com/
According to the SEC, this is the companies only filing to date.
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001693510&action=getcompany
Maybe Bay Private Equity intends to take ASTI private???
I have not researched prior ASTI SEC filings in depth, but Canada is a new one to me. Maybe a bidding war will ensue with China for ASTI technology / patents? It will be interesting where things end. Long ASTI
All IMO GLTA
Probably because they are shareholders and do not want to get diluted, imo.
Note to self: It looks like a Chinese investment company? Maybe China dosent want the company to fail so they can eventually buy the company and secure the rights to the technology? All imo.
HOLDER:
GLOBAL ICHIBAN LTD
For and on Behalf of
LT Asia Management Ltd
By: /s/ Ashley Ong
Name: Ashley Ong
Title: Authorized Signatory
I believe this is the 3rd non convertible note in the past few months. I like the fact that the notes are not convertible into shares. Investors must see something in the company to loan them money. The maturity dates of all 3 recent notes are in June, 2017. Oversold, imo.
If the results are even remotely good, there could be a massive short covering rally in ASTI, imo. Buying the dips!