% | $
Quotes you view appear here for quick access.

Ascent Solar Technologies, Inc. Message Board

  • solarguru621 solarguru621 Jul 9, 2013 5:32 PM Flag

    Brilliant play by Mr. Lee, but....

    This news should hopefully stop the reverse, but, really? This adds nothing to immediate prospects but furthers the cash burn. Wasn't TFG building factories in China, too? I suspect that this move will end badly without sales of something and soon

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Another puff piece of news that does nothing for revenues so the cash burn continues. Ascent may avoid NASDAQ global delisting this time but it will not avoid a secondary that will be done well under market. As volume drops imagine what another 2 1/2 million shares shorted against the box will do to the price.

      Sentiment: Strong Sell

    • The "cash burn" at the China facility is $1.6 million on the front end. The city is paying $32 million and the rent is free!
      Under the framework agreement, in the first phase, Ascent and Suqian will form a joint venture entity ("JV") in which Ascent will have majority interest of up to 80%. The JV will build a factory to manufacture Ascent's proprietary Copper-Indium-Gallium-Selenium (CIGS) photovoltaic modules on flexible thin films. Ascent will contribute proprietary technology and intellectual property, approximately $1.6 million in cash and certain equipment from its Colorado facility. Suqian will provide cash of approximately $32.5 million as well as rent-free use of a 270,000 square foot factory that is currently being built in the Suqian Economic and Industrial Development Science Park. This factory is expandable to 1,000,000 square feet for phases two and three of the agreement. The total project size of Phase one of the alliance is expected to be approximately $160 million. Ascent will have the right to purchase the factory anytime within the first 5 years at the initial construction cost, as well as the right to purchase Suqian's ownership interest in the JV for a modest nominal cost above Suqian's cash investment.

      Sentiment: Buy

      • 1 Reply to rak3269
      • Exactly so and Ascent cannot afford 1.6 M on the front end with the current cash burn of 6 M per quarter. Will they again sell 2 1/2 M shares secretly and well under the current price, that results in a short sale crushing the price and hopes of investors? The intellectual rights to this technology are on a slow ship to China.

    • Will they protect a buck or reverse?

    • It would be UFR if he could not go to the delisitng meeting today with the stock above $1.00 after the run to $1.50.

      Sentiment: Sell

    • Dilution news is real...distributor deals ring hollow...Cash burn at least $6M a quarter...Should be enough cash to get us through September if the tranches close. The quaretly report in August will likely be ugly on revenue based on the need to seel 2 1/2 million shares at %7 cents in May and the other secondaries. Expect more dilution.

      Sentiment: Sell

    • Man, my 30K share buy this afternoon looks awfully nice......

      Sentiment: Buy

    • You never have good things to say about this stock do you, short are you ?

      • 2 Replies to arufalo
      • Never say Never! See all my past posts. My issue is that they are burning cash and running on fumes and can survive only with dilution into weak hands who then dump stock. We need transformative sales, and soon. News of kiosks, mom and pop web site vendors, and selling phone cases on airplanes won't cut it. Nor will more factory deals like the original TFG deal. They have to sell this marvelous monolithic solar panel on plastic. I would like to see news like a Solar City deal but all this fluff stuff does not work for any but nimble traders.

        Sentiment: Sell

      • I am pretty sure he is. I think the recent Energizer deal put this little company back in the spotlight and will start building up from here. It is beaten down and nowhere to go except up this time.

        Sentiment: Buy

0.030.00(-4.69%)Aug 24 3:58 PMEDT