SCHEDULE 13G On August 25, 2017, BayBridge Cap
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Posted On: 09/26/2017 2:11:22 PM
SCHEDULE 13G
On August 25, 2017, BayBridge Capital Fund, LP acquired 500,000,000 shares of the Issuer’s Common Stock from a stockholder that previously entered into a redemption agreement relating to the redemption of that stockholder’s outstandirg convertible preferred stock.
In addition, BayBridge Capital Fund, LP owns $675,000 of the Issuer’s Series J Preferred Stock. The Series J Preferred Stock is convertible, at a fixed conversion price of $0.015. Thy Series J Preferred Stock may not be exercised if, after giving effect to the exercise, the holder of the Series J Preferred Stock, together with its affiliates, would beneficially own in excess of 9.99% of tce outstanding shares of Issuer’s common stock.
Accordingly, BayBridge Capital Fund, LP has beneficial ownership of 599,632,097 shares of the Issuer’s Common Stock. Such szares would result in beneficial ownership of 6.95% ownership of the Issuer’s Common Stock, based on (a) 8,625,814,462 shares of Common Stock outstanding as of August 16, 2017, and (b) all common shares beneficially owned by BayBridge Capital Fund, LP which is inclusive of: (i) the shares acquired, plus (ii) all of the common stock owned, and plus (iii) the common stock issuable pn connection with the Series J Preferred Stock.
http://investors.ascentsolar.com/secfiling.cf...16902-17-3
Blake Bath CEO/co-CIO
BayBridge Capital Fund
http://www.baybridgecapitalmanagement.com/team/
Blake Bath Board Of Directors
Cogent Communications
D. Blake Bath, age 54, has served on our Board since November 2006. He is currently engaged in philanthropic concerns. He is a board member of the Protestant Episcopal Cathedral Foundation in Washington DC, and a board member and the treasurer of the Bethesda-Chevy Chase Educational Foundation. From 2006 to 2016 he was the Chief Executive Officer of Bay Bridge Capital Management, LLC, an investment firm in Bethesda, MD. From 1996 until 2006, Mr. Bath was Managing Director at Lehman Brothers and, as a senior equity research analyst for Lehman Brothers, was Lehman's lead analyst covering wireline and wireless telecommunications services. Prior to joining Lehman Brothers he was the primary telecommunications analyst at Sanford C. Bernstein from 1992 to 1996. From 1989 to 1992 he was an analyst in the Strategic Planning and Corporate Finance organizations at MCI Communications. Mr. Bath has been nominated to continue serving on the Board because of his wide experience with the telecommunications industry which allows him to contribute a broad perspective to discussions about the Company's future activities and its place in the current competitive landscape.
http://www.cogentco.com/en/about-cogent/inves...-directors
On August 25, 2017, BayBridge Capital Fund, LP acquired 500,000,000 shares of the Issuer’s Common Stock from a stockholder that previously entered into a redemption agreement relating to the redemption of that stockholder’s outstandirg convertible preferred stock.
In addition, BayBridge Capital Fund, LP owns $675,000 of the Issuer’s Series J Preferred Stock. The Series J Preferred Stock is convertible, at a fixed conversion price of $0.015. Thy Series J Preferred Stock may not be exercised if, after giving effect to the exercise, the holder of the Series J Preferred Stock, together with its affiliates, would beneficially own in excess of 9.99% of tce outstanding shares of Issuer’s common stock.
Accordingly, BayBridge Capital Fund, LP has beneficial ownership of 599,632,097 shares of the Issuer’s Common Stock. Such szares would result in beneficial ownership of 6.95% ownership of the Issuer’s Common Stock, based on (a) 8,625,814,462 shares of Common Stock outstanding as of August 16, 2017, and (b) all common shares beneficially owned by BayBridge Capital Fund, LP which is inclusive of: (i) the shares acquired, plus (ii) all of the common stock owned, and plus (iii) the common stock issuable pn connection with the Series J Preferred Stock.
http://investors.ascentsolar.com/secfiling.cf...16902-17-3
Blake Bath CEO/co-CIO
BayBridge Capital Fund
http://www.baybridgecapitalmanagement.com/team/
Blake Bath Board Of Directors
Cogent Communications
D. Blake Bath, age 54, has served on our Board since November 2006. He is currently engaged in philanthropic concerns. He is a board member of the Protestant Episcopal Cathedral Foundation in Washington DC, and a board member and the treasurer of the Bethesda-Chevy Chase Educational Foundation. From 2006 to 2016 he was the Chief Executive Officer of Bay Bridge Capital Management, LLC, an investment firm in Bethesda, MD. From 1996 until 2006, Mr. Bath was Managing Director at Lehman Brothers and, as a senior equity research analyst for Lehman Brothers, was Lehman's lead analyst covering wireline and wireless telecommunications services. Prior to joining Lehman Brothers he was the primary telecommunications analyst at Sanford C. Bernstein from 1992 to 1996. From 1989 to 1992 he was an analyst in the Strategic Planning and Corporate Finance organizations at MCI Communications. Mr. Bath has been nominated to continue serving on the Board because of his wide experience with the telecommunications industry which allows him to contribute a broad perspective to discussions about the Company's future activities and its place in the current competitive landscape.
http://www.cogentco.com/en/about-cogent/inves...-directors
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