Tertius Financial Group Picked Ascent Solar Technologies Inc. (NASDAQ:ASTI) Shares

0
510

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ascent Solar Technologies Inc. (NASDAQ:ASTI) reported that Tertius Financial Group Pte. Ltd. has picked up 333,333,333 of common stock as of 2017-01-31.

The acquisition brings the aggregate amount owned by Tertius Financial Group Pte. Ltd. to a total of 333,333,333 representing a 19.27% stake in the company.

For those not familiar with the company, Ascent Solar Technologies, Inc. is engaged in commercializing flexible photovoltaic (PV) modules using its technology. The Company’s manufacturing process deposits multiple layers of materials, including a thin film of copper-indium-gallium-diselenide (CIGS) semiconductor material, on a plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells or PV modules, in a process known as monolithic integration. The Company is producing consumer oriented products focusing on charging devices powered by its solar modules. It manufactures its products by affixing a thin CIGS layer to a flexible, plastic substrate using a roll-to-roll process.

A glance at Ascent Solar Technologies Inc. (NASDAQ:ASTI)’s key stats reveals a current market capitalization of 1.43  million based on 548.27 million shares outstanding and a price at last close of $ 0.00260  per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-06-10, Tfg picked up 1,000,000 at a purchase price of $1.00. This brings their total holding to 5,873,594 as of the date of the filing.

On the sell side, the most recent transaction saw Eller unload 2,400 shares at a sale price of $2.68. This brings their total holding to 12,430.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ascent Solar Technologies Inc. (NASDAQ:ASTI) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.