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Christopher Dall  

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  • Ascent Solar Technologies: Not A Sunny Future [View article]
    Presentation December 1st-3rd to military folks should help the military approval process, would be a big boost to shares in my opinion. Add that to them being in over 1000 retail stores now, should help unit sales immensely on inventory stocking alone.
    Nov 1, 2015. 11:45 AM | Likes Like |Link to Comment
  • Ascent Solar Technologies: Not A Sunny Future [View article]
    1) Check out the contract for the International Joint Venture, given as an attachment to the 10-K in late March, 2014. It specifies that the company they're working with on the China side is the largest rooftop solar provider (in China), and that the JV has a projected annual revenue of 600 million RMB (~$100M US) by the end of phase 2 (~early 2016), and 6 billion RMB ($1B US) at the completion of phase 3 (~2018-2019), with Ascent ownership of the JV escalating from 25% to 75% over that period.

    2) Ascent's product weighs 10x less than its nearest crystalline silicone competitor's product. Additionally, it has a distinct competitive advantage in the manufacturing process on the basis that Ascent's product can be machine-made, while silicone-based cells need to be manually soldered together.

    3) No taxes in the US or China, and no tariff on shipping between the two.

    4) Value of the massive tax credit in bankruptcy acting as a minimum intrinsic value of the equity.

    With that said, I would agree the stock is still subject to risk and volatility in the meantime. I've been long since January of last year, and been adding to my position since... I think once analysts begin to pick up on the growth potential of this stock, the share price will appreciate considerably.
    Mar 27, 2015. 06:13 PM | 1 Like Like |Link to Comment
  • Ascent -16.9% after disclosing preferred stock sale [View news story]
    The company/stock is not a scam, I've actually bought some of their products... I'm not sure how announcing a preferred share sale is a scam that benefits those long common stock, especially when it bumps the price down...?
    Feb 20, 2015. 05:52 PM | Likes Like |Link to Comment
  • Ascent Solar blasts off [View news story]
    Crimoney sorry -

    - that it is*

    - your* statement

    Battery issue solved, autocorrect might need some tweaks, in addition to correcting for my healthy chunk of human errors!
    Aug 30, 2014. 12:54 AM | Likes Like |Link to Comment
  • Ascent Solar blasts off [View news story]
    Doesn't mean that it anywhere close to where it should be - but you're statement is sadly correct.
    Aug 29, 2014. 06:50 PM | Likes Like |Link to Comment
  • Ascent Solar blasts off [View news story]
    In the details of the joint venture contract disclosed back in March, it mentions $100 million in contracted revenue with the number one Chinese provider of rooftop solar panels by the end of 2015, and $1 billion by 2018-2019, in US dollars.

    Kind of nice, but that's just my opinion; on a side note, the nice thing about this otherwise book-keeping-entry reverse-split is that it "pings" everyone that has responsibility for a long position, including those holding the "long side" of short positions... I can only imagine it might be awkward for those folk and algorithms propagating naked short positions! Let's hope for a short squeeze...
    Aug 29, 2014. 05:56 PM | Likes Like |Link to Comment
  • What's Even Sadder Than Greg Mankiw's Chart - Harvard Pays 'Professionals' Millions Of Dollars To Lose Billions Of Dollars [View article]
    Try finding places to put $33 billion, without crossing 1%/3%/5% ownership thresholds, and I think you'll quickly realize why comparing returns on a few hundred thousand or even million doesn't come close to being useful.

    20% on 1 million = $200k

    1.7% on 33 billion =~ $561 Million.

    In a bad string of years, they only made a little over $550 million a year. I'm sure the parsimonious 5 mill a year to their fund managers is holding them back, it has nothing to do with being in the big leagues. Every Major League Baseball player who bats under .750 (all of them) couldn't be struggling because there are 90+ mile an hour curveballs, it must be that they're all terrible players!
    Jun 29, 2014. 09:36 AM | 1 Like Like |Link to Comment
  • Why Google Should Acquire Ascent Solar [View article]
    TFG Radiant is a joint venture partnership between Victor Lee's Tertius Financial Group and the Radiant Group, any insight on what the "Radiant Group" is?

    I still think bankruptcy concerns are mitigated by reserve borrowing power, although that does mean dilution for those of us with the common shares... Not sure if the concept applies, but that's just my thoughts -

    I'm still fairly convinced that Norsk only sold its ~8 mill common shares into the partnership with Mr. Lee, but struggling to remember where in the stack of research I saw evidence of this. Will definitely let you know if I find it!

    My dislike stems from the make-whole on the preferred and evidence I've seen and read of naked (abusive) short-selling on this security - something like 2.5% of the outstanding float of a < $1 market price stock seems slightly at odds with my understanding of logic, but maybe that's just me.
    Jun 6, 2014. 03:57 PM | Likes Like |Link to Comment
  • Why Google Should Acquire Ascent Solar [View article]
    TFG Radiant = Tertius Financial Group, which ostensibly is a tax-advantaged way for its founder, Victor Lee (of Ascent, and with quite the decorated wealth management / I-banking history), to hold the 8 million shares he purchased. The 8.5 mill shares (give or take a few 100k) that they sold has to do with the anti-takeover provisions limiting any single owner from accruing more than 9.99% of the company.

    If you look in the notes to recent SEC filings under Capital Structure (in registration-related), in the notes to financial statements (period/earnings-report) - and additionally in the Statement of Stockholder's Equity (still confused as to why accountants call it relatively useless, but then again we have them and illiteracy to thank for things like Enron) - Norsk Hydro ASA's ownership stake was from a private preferred share placement in 2008-2009 timeframe - for which Ironridge Global Fund IV "underwrote" the sale - multiple ~ $6 million tranches with conversion features hinging on a fixed rate of 10-1 on the A's (80 cent conv. price) and a lot to 1 on the B's ($10,000 par, 1.15 conversion). Dividends are cumulative and can be paid in cash if the shares are converted at a time in which Ascent is cash-deficient to repay the dividends and/or make-whole liability (for the market share price being below the stated conversion.

    Most of the A's and B's have been converted (on or roughly reported around the end of April), resulting in 18,000,000 shares being issued from the conversion + make-whole paid in stock. Additionally, two ~300 share offerings of C-series (~11 mill common shares if converted) happened this year seemingly for the purpose of capitalizing their portion of the International JV. So I can't tell you for sure that Norsk Hydro ASA still owns the remaining preferred, but if you look at the other financiers involved - including Cerberus (HK), ostensibly a GE retirement home / playground - it is hard to imagine that they gave up any of the preferred shares.
    What really struck me about the Silent Falcon drone project was the not so much the revenue potential from the one deal, but rather the technology the drone brings to the table with regard to the camera (of all things). My due diligence toward the drone company has only gone as far as their website, but what I could find suggested that the camera they created was capable of both surveying (3-D "X-Ray" imaging) of the ground below and the ability to detect minute hydrocarbon emissions, among other nifty sounding disruptive sounding technologies described.

    I personally am starting to dislike Ascent - in trying to learn through questions and debate (I'm a Ray Dalio fan), I feel like I'm starting to sound like a greasy used-car salesman... Regardless your responses are much appreciated; I definitely feel mollified by the fact your article was from a year ago and less likely to draw attention before we figure it out!
    Jun 2, 2014. 10:33 PM | Likes Like |Link to Comment
  • Why Google Should Acquire Ascent Solar [View article]
    In a moment of sheer brilliance, I mistook the 2013 date of the article for 2014, thanks to the App bugging and showing this as the most recent article (a year later). I'd probably divvy up 1% in blame to the app and assign the rest to the (hopefully) less-often moments where I let my mouth get ahead of my brain - my apologies!
    May 23, 2014. 02:04 PM | Likes Like |Link to Comment
  • Why Google Should Acquire Ascent Solar [View article]
    I foolishly commented above mistakenly thinking this was from 2014, my apologies - I don't think they can go bankrupt with a seemingly unlimited stash of registered (but unissued) preferred shares that can be issued at the director's discretion - they signed a $500M international JV agreement with China, I've been buying in since January this year when I first noticed.

    I put together a model for the agreement and posted it in an instablog if you want to check it out, either way the company has been announcing some pretty cool deals recently; whether that translates into lucrative commercial ventures in the near term is definitely up for debate, but, given that you covered them in the past, I figured you might have your own method of gauging the stock's value - just saying it might be worth a closer look / selfishly interested in your current opinion.

    As long as the company keeps supplying solar widgets for my iPhones, I don't care what the equity does in the near-term - vetting their products turned into me doubling my number of shares and returning to to buy more of the products. I never knew how much I hated my iPhone / the fact it needed 2-3 full charges a day until I slapped the Ascent iPhone 5s case onto it. I paid $200 extra ostensibly to have two extra "levels" of hard drive (storage) on my phone, what's $100 to have 2.5x the battery life it comes with standard?
    May 23, 2014. 01:40 PM | Likes Like |Link to Comment
  • More on Apple: iPhone 6 launches reportedly set for August/September [View news story]
    It charges from ambient lighting, meaning face down on your desk at work or wherever you might be - I'm not sure how feasibly it'd be structurally compatible with a watch, as those traditionally expose only one side to the exterior - but they could make a watch band for something like that?

    Check out or look for their stuff on Amazon... Their case for my 5s adds 3000 mAh of power to the 2100 it comes with - translation to a non-scientist like myself is that I have 2.5X the stock battery, I hit a button if I want to charge my phone, and I plug into a wall or my car less than an hour or so over the course of a given day - compared to what felt like I was charging it 3-4 times every single day, and still running out of power everywhere I went. I don't care if the iPhone 6 has a bigger screen or a faster chip, if the stupid thing runs out of power it becomes one expensive paperweight...
    May 11, 2014. 05:39 PM | Likes Like |Link to Comment
  • More on Apple: iPhone 6 launches reportedly set for August/September [View news story]
    I still think they're putting a solar panel on the back -

    Is this a stretch or anyone think it could happen?
    May 9, 2014. 09:15 PM | Likes Like |Link to Comment
  • Jefferies: Apple negotiating $100 iPhone 6 price hike with carriers [View news story]
    Am I the only one that thinks they're going to slap a solar panel on the back?

    Norsk Hydro ASA owns the preferreds on Ascent Solar, a company that can put solar cells on plastic / flexible substrates. Norsk Hydro is relevant because they signed the contract in 2012 to make the frames for Apple products... Thoughts?
    May 9, 2014. 09:08 PM | Likes Like |Link to Comment
  • Galena: Setting The Record Straight [View article]
    Personally, I think that they saw the results and broke out the champagne before the FDA could get around to looking at their case - I don't see how otherwise Teva would have initiated the processes it has on Galena's behalf in Israel, not to mention the ingredient/raw-material supply provisions that have already been negotiated and disclosed. I think we are looking at this through the wrong lens - medical research scientists, doctors, etc., aren't reading securities regulation on a day-to-day basis. This is a relatively-small company, with Abstral being the only indicator of self-sustaining revenue in the near-term horizon. My point is that this would lend itself to the company having to cut costs with regard to financial statement preparation (i.e. how much they pay to have it done or how many employees/quality of employees available to work on disclosures) - I think what happened was that not only were the employees excited about their company's work and/or pipeline progress, but also nobody was around to educate them with regard to what we are positing to be the "proper decorum." I don't think they need to buyout existing management and pay for new ones - they need a system of internal controls in order that they can educate employees, including management after recent events, in what they can and can't do. IF the new board member isn't purposed to that task, Lord only knows what the SEC will do to the company. I think the true criminal in all of this is the FDA - at the gatekeeper level, their tepid pace of turnaround seems to directly prohibit the speed of innovation. I'm not saying they should rush the trials, but rather that the time between trial completion and trial acceptance/disproval should be measured in days, as opposed to the months we are seeing today. Do you think internal controls would solve the problem?
    Apr 4, 2014. 06:55 PM | Likes Like |Link to Comment