Ascent Solar Technologies Inc (ASTI)

[overlordpeter]

536 = 1000=$536,000 = 17,866,666 SHARES AT .03 Conversion Rights

Shares of the Series I Preferred Stock (including the amount of any accrued and unpaid dividends thereon) will be convertible at the option of the holder into common stock at a fixed conversion price of $0.03 per share.

At closing, the Company issued a total of 536 shares of Series I Preferred Stock to the investor in exchange for the cancellation of an outstanding $500,000 promissory note (plus accrued interest) of the Company held by the investor

Upon our liquidation, dissolution or winding up, holders of Series I Preferred Stock will be entitled to be paid out of our assets, prior to the holders of our common stock, an amount equal to $1,000 per share plus any accrued but unpaid dividends thereon.

If they convert there shares at .03 they loss the right to protection of being paid first out of assets if Bankruptcy happens.If they do convert there shares at .03 they can then sell them so if the price goes higher than .03 could see some action in the share Price.