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abrois

06/25/20 4:39 AM

#43097 RE: JackBill #43096

wonder if Penumbra Solar , absorb'd most of the dilution,,

AgeOfReason

05/04/21 2:31 PM

#51154 RE: JackBill #43096

Hey folks do you remember Penumbra Solar, the company which was issued a convertible promissory note by ASTI in June 9, 2020? A few days ago I tried to find info about Penumbra Solar, but I didn't find much - except that according to Google's search engine they have a solar product for agriculture using thin film solar cells (possibly similar to that of TubeSolar). Google says "Penumbra Solar, Inc. is the leading fabricator of agrivoltaic tubes - the most effective technology available for combining solar power and agriculture." However when I try to go to Penumbra Solar website two different browsers I tried say that the website is insecure and not private and they warn me that "Attackers might be trying to steal your information from penumbrasolar.com ...". But the warning can be ignored (and I went to the site today) and look at what it shows at https://penumbrasolar.com/About/ . Their product looks very much like that of TubeSolar's! [See https://tubesolar.de/en/the-future-of-photovoltaics/ for comparison.]

In ASTI's filing that was issued on April 9, 2021 page 24 says:

"The note is convertible, at the holder’s option, into shares of the Company’s Common Stock at a conversion price equal to $0.0001 per share.

Subsequent to the date of this report, this debt with Penumbra was assigned to Crowdex Investment, LLC (“Crowdex”)."

Notice that enabled Penumbra Solar to obtain common stock at $0.0001 per share and notice the convertible note now belongs to Crowdex (the company owned by the billionaire). That is very interesting.