$ASTI In regard to equity terms, on August 11th, 2017, ASTI announced that a major investor has agreed to surrender 7,000 outstanding shares of Preferred Stock – a face value of $700,000 – through a Redemption Agreement. The agreement allows the Preferred Stock holder to exchange all outstanding series J-1 Preferred Stock with 500 million shares of Common Stock and 250 million warrants to purchase more at a premium exercise price of $0.003. Mr. Victor Lee, President and CEO of ASTI said, “This is a clear demonstration of the Investor’s confidence in, and support for the Company.”

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