Wednesday, October 12, 2016 11:54:56 PM
Starting from nothing prior to 2009 but a business plan and an empty shell company, no office, no employees, no equipment, no material, no recognition, no customers, how much did the company need to bring a shell company to a ideal production company with couple hundreds of employees, with recognition of its products in the media and in the government, with retailer base around the world and with multi-million quarterly sales? Around $355 million, that is the money the management has raised since 2009. We must look at the fundamental potential of the company, not at the share price, for share price is deceptive and manipulated. Investors' fear of the future is spooked by bad experience in the past. Will the now well established company still need to raise another $355 million through share dilution and share consolidation to maintain its operation? We know its quarterly operating cost is flat at around $7 million while its quarterly sales has been rising with a high of $2.4 million. As the products are well patented, advertised and marketed, there is no need for millions of dollars for Research & Development and for advertising, operating cost is also drastically reduced through cost cutting measures as Victor Lee assured in the September 26 news release: " Active cost-cutting measures were implemented as Ascent restructures its operations following the delisting from the Nasdaq Capital Market. The Company has since lowered selling, general, and administrative expenses as well as other financing costs, which has contributed to improvements to its overall net loss as compared to the prior quarter. Research and development expenses have remained relatively flat while the Company continues to improve the efficiency of its PV products and develop new products to meet customers' demands." "While we are disappointed with the results in the first half of the year, we are confident that the worst is over as we continue to further execute our growth plan for 2016 and beyond," said Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "Given the continuous expansion of our retail footprint, particularly with the previously announced increased penetration of our distribution effort into more than 1,000 Verizon Wireless authorized retail stores, we remain optimistic on the opportunities ahead for growth." With increasing number of retailers joining in globally and with increasing sales in its astronomical number of products, it is only a matter of time positive earnings will emerge. With increasing cash flow, does the company still need to dilute shares to raise money. There were companies failed before in this business because they relied 100% on the sales of cigs solar panel but they went bankrupt when the price of silicon declined that they could not compete with the crystalline silicon solar panels. Diversity in astronomical number of solar charging products is the key for security and stability, this is the strategy of the management for its survival. Don't be fooled that share price reflects the company's value, it simply follows the momentum of the broader market: A falling river lowers all boat. I don't think the Federal Reserves wants to kill the economy and sink the country into a recession, so every pullback is a buying opportunity, wait till good news is released, whatever it will be ..........
Recent ASTI News
- Ascent Solar Technologies Announces Debt Pay Off for Outstanding Balances • GlobeNewswire Inc. • 06/21/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:30:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:53:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 11:52:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 11:51:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 11:49:56 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 06/06/2024 08:35:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 12:05:09 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/30/2024 12:00:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 09:27:23 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/23/2024 09:26:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:45:14 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/16/2024 08:40:50 PM
- Ascent Solar Collaborates with University of Stuttgart IGTE for the Development and Distribution of Sustainable Power Generation Technology • GlobeNewswire Inc. • 05/16/2024 12:30:00 PM
- Ascent Solar Technologies Receives Firm Order of Thin-Film PV from Mega-Constellation Satellite Manufacturer to Power Next Generation Hardware • GlobeNewswire Inc. • 05/14/2024 12:55:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:10:49 PM
- Ascent Solar Technologies, Inc. Announces Second and Third Closings of Public Offering of Common Stock and Pre-Funded Warrants at $0.14 Per Share • GlobeNewswire Inc. • 04/18/2024 09:11:53 PM
- Momentus and Ascent Solar Technologies Partner to Bring to Market Leading-Edge Solar Arrays • Business Wire • 04/17/2024 02:00:00 PM
- Momentus and Ascent Solar Technologies Partner to Bring Leading-Edge Solar Arrays to Market • GlobeNewswire Inc. • 04/17/2024 02:00:00 PM
- Ascent Solar Technologies, Inc. Announces Initial Closing of Public Offering of Common Stock and Pre-Funded Warrants • GlobeNewswire Inc. • 04/12/2024 09:00:00 PM
- Ascent Solar Technologies, Inc. Announces Pricing of $6,000,000 Public Offering of Shares of Common Stock • GlobeNewswire Inc. • 04/10/2024 12:48:54 PM
- Ascent Solar Technologies Achieves CIGS Technology Power Generation Milestones at Production Scale with Thin Film • GlobeNewswire Inc. • 03/25/2024 02:30:00 PM
- Ascent Solar Technologies Announces Substantial Debt Reduction and Plan for Full Payoff • GlobeNewswire Inc. • 03/21/2024 01:25:00 PM
- Ascent Solar Technologies Announces Warrants Repurchase Agreements • GlobeNewswire Inc. • 03/14/2024 01:25:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 09:15:11 PM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM