5x Sales for ASTI would be $30M or something in neighborhood of $1.50 per share.
Appears egghead is working 5 or 6 different handles on this board.. He's the only guy fool enough to short a .08 stock. Imagine if someone buys the company for $10M ... stock goes to .80 .... And for what downside? Not much, really.
Good news for all the solar companies out there.
Some SCTY stats:
2.08 Market cap
-61M Net income!
3.25B Debt !!!
Great news for ASTI !!!
BLOCK B, FOURTH FLOOR, BUILDING B
STREET 2: NO. 1 BINLANG ROAD, FUITAN FTZ
Last purchase made by TFG was 7/6/2015. My guess is that Lee created this entity in China to get Chinese investor money...has helped fund Ascent along the road to ...success/failure? We'll see...hahaha
Those are stock options. They just gifted themselves some shares. But along the way, Lee's other company in China TFG Radiant, has bought a lot of ASTI stock. Hard to say exactly whether it's really his money. My guess is he has some investors that have paid for it. I think the last time TFG bought some was at $1 pre-split.
Not "the same"...like you say...Goal Zero is using crystalline panels. Ascent charging products probably selling about as well as Goal Zero (at least judging by current amazon sales ranks). On the other hand Anker is crushing them both. Anker is clearly dominating (at least inferring by amazon sales) but their panels don't appear to be flexible. Flexibility has great utility in certain applications but doesn't seem like it matters enough to the person buying gadget chargers.
The only thing you might cry foul about management's guidance for the 2nd half last year. They fell short of what they said they were going to make by what, 50%? That was pretty ugly and if they come and say oh, we're doing to do $5M second half of 2016 it will be hard to believe.
Adjusting for splits, ASTI was once over 5,000 per share... and around that time even big players like Norsk Hydro were heavily invested
TSLA ...haha... learn from ASTI..expensive to manufacture commodity products have high failure rate. Things like software & services (AAPL, MSFT, NFLX, FB, GOOG) are much better to invest in.
Combination of marketing and price point. I think most expert reviews rate the flagship products (kickr series) highly. Double edged sort of needing more potent marketing but also needing to cut costs. And it's not the cheapest option compared to similar products. One word to summarize their existance...struggle.
Probably because it's not timely info. This was out as early as June 1. That's when Men's Health is published. If you had some inside info you probably knew about it a few days prior. I wouldn't be suprised if that was the reason for the little runup at the end of May.
I think it's actually a big deal. They are right along side some huge brands in MH's best hiking gear. Congrats to them.
Still, massive cost cutting needs to implemented for Ascent to survive. Or, needs a buyout or go private.
Not really a scam, it just wasn't ever that good of a company. You can only blame yourself for holding and hoping.
Seemed early last year they had potential (and if you look at others like Goal Zero - there's a market for this) but somehow it just didn't happen. Odds of turnaround adn achieving profit, 2%; odds of getting bought by a GPRO, etc. 3%; odds of BK, 95%.
float is now 17M and they need to issue 100M+ to keep the lights on a little longer. And they've been going nowhere with sales figures. Only hope it seems for ASTI is to get acquired.