Ascent Solar Technologies Inc (ASTI)

[fredman]

If I read the filing correctly, Bay Private Equity bought preferred shares from several holders, and now owns 9.9% or 21,278,517 shares of ASTI common stock. According to a "blocker" provision, the company is prohibited from owning more shares?

Bay Private Equity Inc.
Robert Klimov
2727 Steeles Avenue, Suite 403, Toronto, Ontario M3J3g9

Robert Klimov
https://ca.linkedin.com/in/robert-klimov-590bb3120

http://bellridgecapital.com/

According to the SEC, this is the companies only filing to date.

http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001693510&action=getcompany

Maybe Bay Private Equity intends to take ASTI private???

I have not researched prior ASTI SEC filings in depth, but Canada is a new one to me. Maybe a bidding war will ensue with China for ASTI technology / patents? It will be interesting where things end. Long ASTI
According to the filing they made 3 purchases in October and December, 2016 for a total of 580 shares of Series G Preferred Stock and now own 250 shares as of the filing. I am unaware of what the conversion ratio is for the shares to common shares of ASTI. Probably not the 2 billion shares as suggested. They may have indeed converted some shares, but to me it sounds more than likely they are accumulating a stake in ASTI. According to the blocker they cannot own more than 9.99% of the company I believe and therefore selling the extra shares above and beyond the 9.99% would not effect their 9.99% stake in the company and also free up some capital. The name of the company is Bay Private Equity Inc. According to the SEC, it is the only filing to date of the company. I believe it is very likely Robert Klimov of Bellridge Capital (Canada) set up the Nevada corporation for the purposes of possibly acquiring a stake in / possibly taking ASTI private.

"On October 28, 2016 Bay Private Equity Inc. (The Reporting Person) purchased 250 shares of the Company’s series G preferred stock from a stockholder who was not an affiliate of the Company. On December 1, 2016 the Reporting Person purchased 80 shares of the Company’s series G preferred stock from a stockholder who was not an affiliate of the Company. On December 29, 206 the Reporting Person purchased 250 shares of the Company’s Series G preferred stock from a stockholder who was not an affiliate of the Company.
The Reporting Person continues to hold 250 shares of Series G Preferred Stock, which shares are subject to the Blocker."

I believe it is possible Bay Private Equity decided to sell the 250 shares from October 28, and the 60 Shares of Preferred Stock from December 1 after the first of the year to comply with the provisions of the 30 day wash sale rule. The company would benefit from the freed up capital, also would be able to claim the loss against future gains and also the company still holds 250 shares of preferred, retaining the maximum allowed under blocker of 9.99% interest in the company,=.

All imo.