Ascent Solar Technologies Inc (ASTI)

[Skinny Mulligan]

So they gave ASTI $10M for a converable note. Paid $600K to convert the note. Now get $6B shares. They effectively paid $0.0018 per share ($10.6M / 6B).

This is actually reasonable if the note was purchased over a year ago when the stock was trading at $0.001. The terms of this transaction were always public. This probably (I hope) was already baked into current SP.

From the company's POV. They don't care about what this does to SP. At the time they needed the cash. For them, the conversion is better since they now no longer have to pay back the note.