Replies to post #28329 on Ascent Solar Technologies Inc (ASTI)

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566% to the closing PPS of 0006 before conversion.

THORNTON, CO--(Marketwired - May 9, 2017) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announced that Hong Kong Boone Group Limited ("Boone Group") has elected to convert 800 shares ($800,000 of invested capital) of the Series K Convertible Preferred Stock ("Series K Preferred Stock") into Common Stock of the Company at the fixed price of $0.0040 per share, pursuant to the Securities Purchase Agreement ("Agreement") between the Company and Boone Group which was entered into on February 8, 2017.
Upon conversion, the Company issued 200,000,000 shares of restricted Common Stock to the Boone Group, which represents about 4.6% of the Company's total outstanding shares post conversion. The fixed price of $0.0040 per share represents a significant premium of approximately 566% to the Company's latest per share closing bid price of $0.0006 prior to the conversion notice.