Ascent Solar Technologies Inc (ASTI)

[Small Time Tina]

https://insiderfinancial.com/ascent-solar-technologies-inc-otcmktsasti-rises-from-the-ashes

Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) Rises From The Ashes

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ByJarrod Wesson

Posted on August 4, 2017

In our previous article on Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) named “Ascent Solar Technologies, Inc. Has Many Positives Despite Weak Stock Price“, we said that a big investor had decided to invest heavily in the company.

“The one very positive thing that can be gleaned from the latest press releases for Ascent Solar Technologies is that someone, or a collective group,  has decided to invest $20 million in the company. That is not a negligible amount of money by any standards. This someone, or a collective group, obviously has faith in the company, or knows something that everyone else doesn’t. And lest we forget that less than 2 years ago, the stock was trading at about $30.00, down from a high that was well into three figures.” Source: Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) Has Many Positives Despite Weak Stock Price

With that in mind and the fact that the share price increased when the market noticed the big investor, please check the following information. On August 1, 2017, Hong Kong Boone Group Limited elected to convert another 3,000 shares ($3.0M of invested capital) of the Series K Convertible Preferred Stock into shares of ASTI. In this piece, we will give you all the details about this new investment. But, before we explain it, have a look at the recent share price action.