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John Petersen

 
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  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    Scientists are free to use whatever acronyms suit their fancy. I think both of your examples would be problematic if they were advertising materials for a product. Patents and trademarks are one of those quirky areas of the law that I try to avoid for anything beyond the most rudimentary actions like filing a trademark application.

    I've heard the first thing IP lawyers do every morning is cut the head off a black chicken before settling down to the day's voodoo, but that may be an exaggeration.
    Oct 20 06:56 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    When Axion applied for the PbC trademark in 2007, it was not a generic term. In fact, nobody was really paying much attention to lead-carbon. The acronym PbC is showing up frequently in the literature, but I haven't seen anything that looks like a trademark infringement yet.
    Oct 20 06:10 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    I don't recall the specifics anymore, but there were several conflicting trademarks that IP counsel considered insurmountable obstacles.
    Oct 20 05:55 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    We ran into trademark roadblocks for "e3 Supercell" and had to come up with an alternative. PbC won.
    Oct 20 05:21 PM | 4 Likes Like |Link to Comment
  • Axion Power, A Deep Alpha Opportunity With A Clear Timeline [View article]
    I've spent enough time representing companies in IPOs and follow-on offerings that I don't speculate on timing or the reasons for delays. Timing simply doesn't matter to me, but I typically think in terms of multi-year investment horizons. Hot money may care, but I don't.
    Oct 20 12:33 PM | Likes Like |Link to Comment
  • Axion Power, A Deep Alpha Opportunity With A Clear Timeline [View article]
    Every underwritten offering I've seen starts with an SEC registration statement that includes an unpriced "preliminary prospectus." The preliminary prospectus, or "red herring," is circulated to investors in the two weeks before the offering is ready to come to market.

    Axion's registration statement and preliminary prospectus are here:

    http://1.usa.gov/1usXdiO

    When the road show is finished and the underwriter is ready to take the deal to market, a Rule 424 prospectus is filed to fill in all the blanks in the preliminary prospectus, the underwriting agreements are signed and the offering goes to market the following day.

    In other words, the underwriter ALWAYS waits until the day before to finalize the paperwork.
    Oct 20 07:25 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    All warrants are transferable as a matter of law, but the A Warrants will be listed on Nasdaq while the B Warrants will not. Since the B Warrants won't be listed on Nasdaq, they'll probably trade in the OTC market.

    In my experience investors who want to sell part of a unit purchase tend to sell the stock and hold the warrants, which will probably make patience critical for those who want to accumulate B Warrants, but it should be possible for a sufficiently determined soul.
    Oct 19 06:45 AM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    RA> Diesel electric locomotives with series drive are commonplace and have been around for decades.

    None of them are hybrids.

    When the drive motors go into regenerative braking mode the current is fed into huge resistor banks and blown off as waste heat.

    What NS is doing is looking at a multi-locomotive "consist" as the functional drive unit and thinking that putting a battery-electric locomotive together with three or four conventional locomotives will give them a hybrid train, even though the electric and diesel components are each mounted on their own chassis.

    They have never talked about running anything beyond the switcher on battery power alone.
    Oct 18 02:46 PM | 12 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    I think it's also worth remembering that the current NS 999 is using carbon sheeting 1.x for the electrode assemblies while ePower is using carbon sheeting 2.x, which performs significantly better in our application and will presumably perform better in theirs.
    Oct 18 06:36 AM | 14 Likes Like |Link to Comment
  • Axion Power, A Deep Alpha Opportunity With A Clear Timeline [View article]
    I think it all depends on what the market does. My first IPO as stand alone issuer's counsel cleared the SEC during the second week of October 1987. The client and underwriter scheduled a two week road show and the market crashed before the offering got done. Barring a market melt-down I expect Axion's offering to get done this month, but my October scars run deep enough that I won't be 100% comfortable until a deal closes.
    Oct 17 06:58 PM | 9 Likes Like |Link to Comment
  • Axion Power, A Deep Alpha Opportunity With A Clear Timeline [View article]
    The reports I'm hearing from readers who are speaking with Maxim suggest that the substantial bulk of pending public offerings got pushed out a few days because of extreme market volatility over the last week. It's not at all uncommon, particularly in the historically volatile month of October.

    I'm just an observer like everybody else but it does demonstrate the wisdom of the notion that if you want to know whether God has a sense of humor, make a plan.
    Oct 17 06:28 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    Pulling 45 to 50 cars uphill is a great way to test brute pulling power and battery stamina under extreme circumstances, but it's way more weight than you see in a typical switcher duty cycle.

    According to the EPA, Switcher engines idle between 2,500 and 3,000 hours per year.

    http://1.usa.gov/1yLdJNW

    This 2003 presentation from Argonne National Labs reported that the typical switcher spends 60% to 75% of its time idling. See slide 7.

    http://1.usa.gov/Izv1p8

    NS has a brand new prototype that's just started testing. Their first goal will be to define the limits of what the machine can do. Once the limits are known the testing protocols will be refined to define the optimal operating parameters.
    Oct 17 06:13 PM | 17 Likes Like |Link to Comment
  • Data On Class 8 Tractor-Trailer Combination Weights [View instapost]
    The US fleet includes about 2.5 million Class 8 tractors and typical sales are a couple hundred thousand units per year. One of the best data sources is Oak Ridge National Laboratory's Vehicle Technologies Market report, particularly Chapter 3.

    http://1.usa.gov/1yL2K7h
    Oct 17 04:49 PM | Likes Like |Link to Comment
  • Axion Power, A Deep Alpha Opportunity With A Clear Timeline [View article]
    Freda> as the Executive VP of ePower I've had an opportunity to get to know the PbC from the customers perspective and I can tell you from personal knowledge that the PbC is a better battery than I hoped it would be.

    Your belief that the technology is dead is simply misguided. It's an extraordinary battery and there's nothing in the market that can hold a candle to its price performance.
    Oct 17 01:21 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    The common stock and warrants have been approved for listing upon completion of the offering. It is not likely to occur before hand because Axion's financial position will be precarious until the underwriting agreement is signed. It's all been times to occur concurrently.
    Oct 16 08:36 PM | 6 Likes Like |Link to Comment
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