Replies to post #53295 on Ascent Solar Technologies Inc (ASTI)

[WindowJumper]

If the 10Q is so great why didn’t it fly like you said? It’s because they’re losing money.

[5card]

Not a negative Q3, it Shows expansion. No huge announcements, but they could come anytime through press release. Costs have gone up due to new employees, infrastructure, and “RAMPING UP OPERATIONS”

I do like this in the Q3. Basically as I read it, the annual 10-K will have the contracts and vital information we all are speculating.

NOTE 2. BASIS OF PRESENTATION
The accompanying, unaudited, condensed consolidated financial statements have been derived from the accounting records of the Company as of September 30, 2021 and December 31, 2020, and the results of operations for the three and nine months ended September 30, 2021 and 2020. All significant inter-company balances and transactions have been eliminated in the accompanying condensed consolidated financial statements.
The accompanying, unaudited, condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, these interim financial statements do not include all of the information and footnotes typically found in U.S. GAAP audited annual financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement have been included. The Condensed Consolidated Balance Sheet at December 31, 2020 has been derived from the audited financial statements as of that date but does not include all of the information and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. These condensed consolidated financial statements and notes should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Operating results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021.

[STL Stock]

I agree with hummer in reading the full 10-Q. If one looks only at the first page or 2 at the revenue then it's doom and gloom. If you read the rest you see explanations and business plans. For example anyone concerned about dilution ought not to be. Says right on page 10-11 BD1 is locked in until December 18th 2025. Assuming ASTI and BD1 don't have some sort of falling out between now and then. ASTI also gave a 30% discount on those shares to BD1 in exchange for not having to pay interest on the 10 million BD1 gave.

ASTI is burning through money for sure but it again states in the filings it is for revamping production and making sure they can produce what is needed for future orders. Revenue will pick up but right now ASTI is more concerned with getting their ducks in a row in their restructure than they are with sales at the moment. Part of their deal with Tubesolar in the JV is to make sure they can produce the PVs Tubesolar will need starting next year.

In short don't expect much price action up or down for the remainder of 2021. ASTI is still restructuring gearing up for the future. It will hold at 0.01-0.015 probably for the rest of the year unless a catalyst changes that.