Ascent Solar Technologies Inc (ASTI)

[fredman]

ASTI should be sued for misleading investors, imo. I find it interesting how they did not file an 8-K with the SEC in regards to the issuance of the 333,333,333 shares to TFG until January 24, 2017, yet news was released on January 20, 2017

Source: http://www.nasdaq.com/article/ascent-solar-to-issue-approx-33333-mln-shares-of-restricted-stock-to-tfg-20170120-00204

In addition, the SEC filing on January 11, 2017 indicates Redwood holds $2,701,787.46 in Convertible Promissory Notes issued by ASTI which are convertible into 2,814,361,937 shares of Common Stock.

"The Reporting Persons of Redwood Management, LLC, a Florida limited liability company (“Redwood”), Redwood Fund III Ltd, a limited partnership organized under the laws of the Cayman Islands (“Fund”), RDW Capital LLC, a Florida limited liability company (“RDW”), and BOU Trust, a trust organized under the laws of the State of New Jersey (“BOU,” and collectively with Redwood, Fund and RDW, the “Reporting Persons”), constitute a “group” which holds, in the aggregate, 105 shares of the Issuer’s Series E 7% Convertible Preferred Stock (the “Series E Shares”) which are convertible into 13,009,083 shares of the Issuer’s common stock, par value $0.0001 per share (the “Common Stock”), based on the current applicable conversion rate, 160 shares of the Issuer’s Series F 7% Convertible Preferred Stock (the “Series F Shares”) which are convertible into 152,380,952 shares of Common Stock, based on the current applicable conversion rate, and $2,701,787.46 in Convertible Promissory Notes issued by the Issuer (the “Notes”) which are convertible into 2,814,361,937 shares of Common Stock, based on the current applicable conversion rate. As the aforementioned conversion rates are variable, the exact number of shares of Common Stock which the Reporting Persons can acquire is inexact."

Source: https://www.sec.gov/Archives/edgar/data/1350102/000114420417003118/v457153_sc13ga.htm

At the time of the Redwood filing, the Authorized shares were only 2M. It was not until an SEC filing by ASTI on January 27, 2017 that the company indicated it needed to increase the OS of common stock from 2M to 20M.

Source: https://www.sec.gov/Archives/edgar/data/1350102/000135010217000010/asti-xproxystmtxxjan2017.htm