Retired and travelling - around the world and US
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Victor achieved board goals - received $200,000 bonus
I believe they are already in the middle of a very lucrative contract/partnership with “Tube Solar”. I believe the $200,000 bonus Victor Lee received was what the “new” board determined was a goal achieved. Namely 5000 pieces of flexible solar panels manufactured on time for Tube Solar.
With second and third shift now fully employed that number will begin to make the company profitable. Also a new manufacturing line set up in Germany as a subsidiary of ASTI exclusively for Tube Solar appears to be started according to the 10-Q and the money being spent for engineering.
I agree holding out for a better opportunity to enter NASDAQ is probably a wise move. You only get one chance to do that right. And it’s best to do that on the upswing. So until NASDAQ heads back toward 16,000 they might as well wait that out.
I agree. I still add on the dips. It amazing how those buys can sometimes change the days closing. Sometimes it doesn’t take much. But if someone with deep pockets is trying to change the outcome with a $6.80 sale “I’m in”!
It may take a while but a 10x outcome is not out of reason. Will it hit $400 - doubtful but who knows.
I’m in for the long haul!
We still have the release of NASDAQ and the fine print in the 10-Q is a great read. More on that later…..
I couldn’t agree more. NASDAQ is not in the most favorable of conditions. But I believe next Monday the 16th is as long as they can wait. Not filing because your conditions are not favorable I don’t believe would be an excuse for the 5 day delay.
But who knows they may use it. (Although the last three quarters were ahead of schedule).
And if you release the 10-Q you might as well upl list to NASDAQ and send out every press release, Twitter, Facebook, and anything else release all at once.
The “Big Bang”!
They have the marketing / customer communications guy hired according to LinkedIn.
WOW! Throw 5000 shares out there at $1.50 a share lower than the next ask. Would that be shorting, manipulation, deep pockets, or ?? Must be nice to throw away money.
Must be time to buy on the cheap!!
Went up $1.39 - profit takers….LOL
I’m down grading the “perhaps so?”
To “perhaps maybe?”
Since it hit $8
Buy = 2180
Sell = 680
Interest right “now” is in buying!!
Trying to piece those together is a great riddle. Obviously MNTS, ASTI, and TubeSolar are inter connected. WAR has pushed Europe faster toward solar to ride itself of Russian fuel that funds its WAR machine. Conference call on 5/10/22 is the day I’m predicting ASTI releases it’s 10-Q based on the last two quarters released on 9th and10th. I agree….very interesting.
Also seeing bids of 4000 shares trying to go through but at $6 not getting filled.
Renee would be the seasoned veteran here. But I believe the letter says it was approved! And should be on NASDAQ today! But ASTI purposely “delayed” it?
I for sure am not the seasoned trader here. Just a guy watching it every day for years.
“I” think they want three things to come together all at once with a “bang”!
1. Marketing person hired, with announcements, news, press releases. Someone to handle corporate investors on a larger scale.
2. 10-Q (I believe the best quarter the company has ever had!)
3. Up listing to NASDAQ
Personal opinion! In the next 20 days (10-Q is due by May 15)
But sooner than that if I’m guessing, Last reports were a few days early
So Level II shows 8000 buys but only 1500 sells. Not seeing a mass exodus at the moment. Probably never see $2 again.
Great advice!! Thanks!!
I’m blind. Not seeing todays date listed.
Am seeing the following:
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box.
And the box is checked
Pink Sheet OTC at TDAmeitrade
Hoping soon though!!
Is there a link to that?
Holding out for $4
Do you believe the next 10-Q will show an increase of employees which should by default show an increase in revenue? (Unless they are hiring for people to stand around and do nothing)?
Will it show a second and third assembly line?
A $200,000 bonus to Victor Lee would normally mean he’s met the goals he was tasked to do.
For what ever it’s worth. I’m hoping it drops to $4.00/share before 10-Q
I’m ready to pounce!!!lol
No mostly negative posters here. I do like the letter from the SEC about listing on NASDAQ. Shouldn’t be long. Maybe tomorrow or Monday?? Not an expert there. Glad ASTI finally made it!
My guess the powers to be drove it down before the listing.
Still NO press release. Hope they hire the person responsible for that soon.
37 out of 44 trades are 5 shares or less
Absolutely
Reread the JDA for TubeSolar.
Quotes:
NRE Fee (millions) to be paid by 28 Feb 2022 if 5000 pieces were delivered. (Paragraph 2.6)
Maybe a good reason for Lees $200,000 bonus
Most important:
Paragraph “O” on the first page:
Jointly develop a double layer………..posses both thin film CIGS and Perovskite in industrial scale for a “Tandem Cell”
In the Tube Solar JDA:
Ascent is a developer of thin-film photovoltaic foils (“PV Foils”) with substrate materials that are flexible and lightweight that can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial installations.
Standard building material and automotive
The Parties further agree to jointly develop a double layer PV Foil based on the Ascent CIGS thin film foil and an additional layer of transparent Perovskite. [***] Ascent is working on an IP and a design with NREL (National Renewable Energy Laboratory) Institute in Golden, Colorado to process both thin films (CIGS and Perovskite) in an industrial scale for the Tandem Cell.
CIGS and Perovskite in a Tandum Cell
And Nano Forge shares half the building……
If you’d looked at LinkedIn the number was 285 for ASTI.
But that number “May” be for people that have ASTI in their resume.
Current and past.
$482,924 is the cost of up listing to NASDAQ
Page II-1 of
https://www.sec.gov/ix?doc=/Archives/edgar/data/1350102/000156459022012206/asti-s1a.htm
So they are serious!
Also on page 39
We currently have 53 full-time and 2 part-time employees.
Part of their report
From ASTI press release:
“Revenue for the year 2021 was $608K, an increase of $541K, or 812%, from 2020.”
And that was a small portion of 2021 while they got their feet on the ground.
Imagine a full year of production.
Now double that with a second shift.
Triple it with a third shift.
6X with a second machine.
9X with a third machine at Tube Solar
https://microcapdaily.com/ascent-solar-technologies-inc-otcmkts-asti-looking-to-break-back-over-10-post-1-for-5000-reverse-split/
This link says $13.5 million from Tube Solar alone.
Now add new sales guy, new sales assistant, new marketing and investor relations person!
To the moon! Literally to the moon!
The days of dilution are gone!!!
They are at full speed. 10-k shows that. (All be it only for two months)
They are adding 2nd and 3rd shift (see indeed job openings) to double and triple income
10-k also shows large expense in labor and development. Development expanse is second and third production lines. #3 goes to Tube Solar!
Next 10-q will be greater than this 10-k and August should show 85% production capacity
Fact check!
Company has had a $20M, $10M, $5M investment
Company hired a CFO
CFO brought on a financial SEC person to bring company current on all quarterly and year end reports - 100% current now
Company brought in new board members
Company removed debt
Company enacted reverse split from 0.004 to $20 to enable it to up list to NASDAQ (can’t list at 0.004)
Company applied for up listing to NASDAQ
Time to get in the game if you want to make money “on topic”.
So that’s your professional legal advice?
Oh wait? Did I see it go up in value today?
Anyone speak legal mubojumbo. Not sure but we may be entering NASDAQ.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001350102/000156459022012206/asti-s1a.htm
1 share traded
Half the share sold this morning are 4 or under shares transaction. Eleven transactions were the sale of one share. Curious what that means…..???
Looking back the most traded in one day was 28 Dec 2020.
1,076,638,711 (a billion shares) That’s getting with it……
Dang!! Missed the $7s…. Definitely missed the 0.001 and the roulette wheel ended up on the $9s…..
www.otcshortreport.com has the lowest shorting I’ve seen in a long while. Instead of 60% and 70% everything was below 50% and a couple 4.37 and 4.19 WOW!
This is week 6 of the 4-6 weeks to get back on NASDAQ. That’s when it will fly… institutional investors spend a lot more time doing research and have dedicated professionals doing it. The larger ones will sign NDA and take guided tours.
I think we should also start seeing more press releases once the new marketing and investor relations person hits the ground running.
2nd and 3rd shift should become fully manned by the end of April. And I’m hoping the second full production line within the next 90 days. So first and second quarterly 10-Q should be better. But full production/income won’t show up until November. Maybe by then there will be an additional production line running in Germany. Maybe even 3 shifts…
Would like to see $10 this week and $20 by the end of April after 2-3 great press releases.
So remember all the job openings for production people. 2nd shift should double production/income.
3rd shift should triple production/income. Their 10k stated exactly where they were from on 12/31/2021. Those job openings didn’t exist nor the opening for a marketing and investor relations person paying $70k-$100k. Whole new ballgame. Solar is king. Biggest 10k expense was development I.e. manufacturing equipment for a second production line and a new line in Germany. Double and triple income again.
Read the press release on their website.
Guess that’s better than $6’s.
Would like to update the intro page if the other three moderators would agree. Waiting for reply’s from them. Hasn’t been touched since DOC put it up and he’s long gone.
Fantastic!!
DD usually mean Due Diligence. I think it also mean “Dig” “Deeper”
Page 37 - Compensation
Usually a measure of goals met or exceeded. Victor Lee went from 2020 salary of $96,903 to 2021 salary of $165,000 and a Bonus of $200,000 (300% + increase)
Michael J. Gilbreth CFO went from 2020 salary of $37,706 (partial year - hired Oct 5 2021) to 2021 salary of $165,000 and a bonus of $74,250 ($600,000 + for 2 guys)
Over on Indeed.com there are 7 job opening at ASTI. Three are for required 2nd and 3rd only! Meaning production could now double and triple via 2nd and 3rd shift output.
Also a new position! Investor and Public Relations Manager - pay range $70,000 to $100,000 - finally someone jn charge of Press Releases. (Plus a lot more)
Over on LinkedIn.com. Login and look up Ascend Solar Technologies. You should find 285 jobs listed. Then spend some time perusing the job titles. Impressive!
Finally, read their press release…
12-31-2021
10-K is out
That “might” have been the low some people were looking for…
Nice buying spree this morning
4-6 weeks (submitted 11 Feb 2022)
Friday is 4 weeks
https://listingcenter.nasdaq.com/assets/initialguide.pdf