Ascent Solar Technologies Inc (ASTI)

[overlordpeter]

6,955,000 at AUG second Price would be worth .03 to .05 lets go with .04 x 6,995,000 $278,200.00 But it also gives them Voting Power of 9% to vote with the Board. or Not with Board if they plan on selling they would have to file with SEC and we would know.


*On August 2, 2016, the Company converted 126.64745 shares of the Issuer’s Series D Convertible Preferred Stock (the “Preferred Stock”) into 6,955,000 shares of the Issuer’s Common Stock (the “Common Stock”). The Company still holds 1,470.9497 shares of Preferred Stock. Because (i) the Preferred Stock, pursuant to its respective Certificate of Designation, is convertible into the Common Stock at a variable rate, and (ii) the exact number of shares of Common Stock that will be outstanding at the time of the Company’s next conversion is as of yet unascertained, the Company’s exact beneficial ownership amount is inexact. However, the number of shares of Common Stock issuable upon conversion of the Preferred Stock is subject to the Blocker, and Item 4(a) reflects the beneficial ownership of the Reporting Person based on the Blocker and the current amount of the Issuer’s Common Stock outstanding.