We've been pounded by new shares being dumped by the last round of so called "investors." But this kind of "investment' ended today with the canceling of that horrible $32M deal. That would have been a disaster for shareholders. The investor that came to the rescue was the kind of investor that shareholders need. ASTI is posting revenue growth that is astounding and deserves to be trading well over $1. And it would be were it not for our "friends" from the Bahamas or Cayman Islands or wherever the #$%$ they are calling home. Good riddance.
It says ASTI is giving 8 Million more shares (Just gave 4 Million) by Aug 15. Price just dropped .08 from the 4 m, so looks as if the price is going into the teens or maybe .20's with Q. What do you see? When is exact date of Q? They're being secretive. IR is a death spiral financier who will hopefully end up in jail_ASTI.
They also have finished the last working prototype for a 3D panel that is twice as efficient as the 2D panels of today. They are looking for a MFG partner to build and market the new design. Revenues increased 600% quarter over quarter.
Sentiment: Strong Buy
I've been an ASTI shareholder for over 5 years. I know that the last placement funders were dumping shares and driving the price down. I see it as a very very positive sign that TFG Radiant is taking a stand here and helping obtain funding. The stock price can go up very quickly with certain "institutional investors" out of the picture. This is a great development for ASTI. Once the stock reaches $1 again, they can seek more funding at a better price.
They had done a deal with the devil for that last round of financing. Notice that the stock has been dropping ever since they signed that deal with Ironridge. I sure hope they never do a deal like that again. The Asian investor is far better and they have a lock-up period of 6 months which gives ASTI stock plenty of time to recover, back to $1. You will see the stock begin to rise again, I would say it starts today. I'm thrilled the deal fell through.