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From what I understand they still own the technology and patents. Nothing more. They are no longer in the consumer goods business. They said it, not me.
MazelTov, I appreciate your enthusiasm, but please. $ASTI no longer does the EnerPlex brand. They sold that off. They announced it in May of this year. They decided to do this based on poor performance in the "consumer goods" area:
Management Comments:
"Now that we have reduced the consumer business concentration, we will continue to streamline our business model to better allocate our resources in order to focus on our core strength; developing specialty PV markets with high entry barriers like the military, 1st responders, emergency power, aviation (drones), space and near-space applications," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "The Company has made significant progress in these developing high-value markets, and we will continue to sharpen our focus in such areas where Ascent is truly at the forefront of the competition."
Same Newsletter:
The net loss for the quarter was $5.2M, which included approximately $540K, net in non-cash interest expense and losses on extinguishment of liabilities associated with the outstanding convertible notes and convertible preferred stock, offset by non-cash gains related to changes in the fair value of derivatives and to the sale of the EnerPlex brand.
I believe in $ASTI, I think they will do great. But the products you are seeing on Amazon are no longer "theirs", just what is left over. In fact, quite a few SKU's have disappeared (I've been watching it for a while since that announcement).
http://investors.ascentsolar.com/releasedetail.cfm?ReleaseID=1027130
Closed at .0018! Nice job $ASTI
$ASTI Twitter - https://twitter.com/AscentSolar
Well, since I'm only 5 years from early retirement if this goes to $1, I WILL be retiring lol.
Yep, bought in at .0003, bulk at .0004 and some at .0009
Yep, that's what I'm seeing on E*TRADE
Open at .0016! :)
$ASTI no longer does the EnerPlex items. They sold that line off.
God I hope so! Can you imagine fried sponges for supper??? ;)
I agree with most of your post Truenorth, but, I was in the military as well for many many years, I remember a time when there was a "supply issue" with... those good ol' frozen breaded fish squares. A rather new company apparently won a supply contract with the US Navy for the frozen fish. Got their payment and the supply eventually made its way out to the fleet when it was discovered the "frozen fish squares" were actually really cheap yellow compressed sponges cut to size, breaded and frozen. What a surprise the cooks got when those things were put into the deep fat fryers... The company apparently disappeared with the cash.
If I remember correctly that was around 1985-1986ish or so. I do know for a fact that we did receive some of this shipment to the submarine squadron I was in at the time.
Occasionally bad stuff does pass through into the military's supply chain. I honestly don't think so in this case, but thought I would share that somewhat funny story of the woes of military supply.
Nice article, only thing is the writer is using information that is way out of date. Didn't they sell off the EnerPlex portion earlier this year? Not to mention that the split they are talking about happened June of last year. It's like the author just cut & pasted the majority of the article.
LMAO! I was about to post that same link!
https://www.barchart.com/stocks/quotes/ASTI/opinion
You called it right... closed at .0013
Exactly, I don't mind holding and waiting. I didn't mortgage anything for my position, just some play cash I had laying around. If it blows up big, then great, I've made a small fortune... already showing green today in my account. If it doesn't, oh well. Like I said, play money!
Finished at .001! Upward progress - slow as a turtle, but upward is good! Go $ASTI!
LOL yeah, I'll be able to shine my pennies then ;)
I'll hold, I just hate an uncommunicative public company. Makes me suspicious.
I'm wondering if I should just go ahead and dump this dog. Has anyone heard any news at all about $KIWB?
And if you'll look at the bottom of that "article" you'll find the little blurb that is word for word the same as Fernhill's Press Release:
"Information contained on this page is provided by an independent third-party content provider. Frankly and this Station make no warranties or representations in connection therewith."
That is not a real "news" story, only a submitted news site. ANYONE can post a story to that site.
While researching the man behind $FHBC, Lawrence L. Twombly and previous incarnations of this company I found the "AND" drinks as created by V Group Inc. It seems this same thing has been going on since 2014 under various names. All centered around Mr. Twombly.
Here's the andDrinks website, you'll find the repetitive pattern in press releases that closely match the story behind Fernhill under the News & Investor Relations tab.
http://www.anddrinks.com/
I'm long on this - so far, and I will hold it for now, but I'm not expecting much. I hope I'm wrong!
Thank you! Well said! I for one am hoping for $OWCP to do good, but it's my money. It's mine to do with as I choose. If we want to burn it or use it as toilet paper then that is our choice. $OWCP long!
$ASTI was probably the only job he could get. Here's the DOJ newsletter on the case: https://www.justice.gov/usao-co/pr/energy-scientest-settles-allegations-he-improperly-double-billed-government-his-tim
...and up she goes again!
To you as well! :)
I hold it merely because the stock didn't cost much at all and who knows... if it pops than awesome. I'm not really expecting much tbh. If it doesn't, I'm out a few bucks, nothing to cry about.
I head you garfus! Long and strong on OWCP as well!