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John Petersen

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  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    That's nonsense newalker. BMW has been engaged in validation testing for the PbC since 2009 and while I'm quite confident that they will ultimately give Axion a design win, only a fool would try and predict a timeframe.

    The same is true for ePower. We're finishing work on a third generation prototype and plan to build ten tractors with our own money. While we have many reasons to believe our solution will be appealing to the trucking industry, we don't have any customer orders or any promises that customers will order.

    I certainly never said, or for that matter implied, that large orders would be forthcoming from either BMW or ePower. I will not accept responsibility for your failure to read and comprehend the cautionary words I always use when describing events that are uncertain as to magnitude and or timing.
    Mar 9 12:47 PM | 5 Likes Like |Link to Comment
  • Axion Power: Out Of The PIPE And Into The Light - Part II [View article]
    Our second generation drivetrain used a four cylinder John Deere engine that was rated at 197 hp in stationary applications. By the time we accounted for the parasitic loads of using the engine in a truck, the most we could get from the generator was 93 kW, or about 125 hp. The Cummins six cylinder we're using in the third generation is a road engine that's rated at 240 hp after parasitic loads. When everything is properly adjusted, it should have no problem running our generator at its maximum over-rated capacity of 150 kW with hourly fuel burn rates that are fairly comparable to the burn rates we got from the Deere.

    The big problems with combining our drivetrain and natural gas fuel systems are weight and space. CNG and LNG systems add a couple thousand pounds to the weight of a tractor and take up a lot of space on the chassis. The weight increments and space requirements for our drivetrain are a little higher. As stand alone systems the weight and space requirements are manageable, but adding the weight of a hybrid drivetrain and the weight of a natural gas fuel system would be a problem. Finding enough space for all the extra hardware would be a nightmare. While Jay thinks he might be able to fit our drivetrain and an LNG fuel system on a sleeper chassis, using smaller quantities of cheap fuel is nowhere near as cost effective as using smaller quantities of expensive fuel.

    Natural gas fuel systems are well-suited to the short-haul market but face almost insurmountable infrastructure obstacles in the long-haul market. We think there's plenty of room for different approaches to the fuel economy needs of different fleets.
    Mar 9 10:45 AM | 4 Likes Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    newalker> In 1992 I was issuer's counsel for the world's first carbon nanotechnology IPO. Twenty years later my former client is still in business and still seeking a path to profitability. That experience taught me that the prefix "nano" is scientific jargon for gawd awful expensive. Since battery technologies take a minimum of 10 years to advance from the Eureka! phase to the first product phase and 99% die en route I wouldn't count too much on papers like that one.
    Mar 7 01:02 PM | 1 Like Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    There are several flavors of lead-carbon batteries. The simplest forms mix carbon particles into the lead-paste used on negative electrodes. That change improves charge acceptance and cycle life by 50% to 100% in a micro-hybrid duty cycle, but falls far short of the 50x to 100x improvements automakers really need for their mechanical systems to function properly.

    While I'd like to believe KIA would step up and design in the PbC for their first 48-volt system, I've found, to paraphrase Winston Churchill, that you can always count on automakers to do the right thing - after they've tried everything else. My guess is that KIA will do it cheap before they do it right.
    Mar 7 10:55 AM | 5 Likes Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    Ultimately that's the answer Hal. For the last four years Axion has always had immense blocks of shares in the hands of a few stockholders who were willing to sell at depressed prices. The most recent financing round had four investors who ended up taking in and reselling about 25 million shares each since June of last year. As near as I can tell one of the holders is completely out of stock and the other three are down to fumes. That means for the first time in a very long time the only potential sellers are the retail investors who've been buying the stock for over four years in spite of the price chart from hell. It should be fun to watch and see what happens next.
    Mar 6 12:25 PM | 5 Likes Like |Link to Comment
  • Axion Power: Out Of The PIPE And Into The Light - Part II [View article]
    Unless I'm gravely mistaken in my estimates, the PIPE investors are down to fumes and should be out of the market completely within a few days.
    Mar 4 09:36 PM | 2 Likes Like |Link to Comment
  • Axion Power: Out Of The PIPE And Into The Light - Part II [View article]
    An AON order normally gets sent to the back of the queue because a market maker that wants to fill it either has to wait until he has offsetting orders in hand or assume the risk of going long or short. Since they work on fairly tight spreads, most market makers never go long or short on OTCBB stocks.
    Mar 4 08:14 PM | Likes Like |Link to Comment
  • Axion Power: Out Of The PIPE And Into The Light - Part II [View article]
    To clarify, the "bid" is the price per share a market maker will pay to buy a market block of shares. The "ask" or "offer" is the price per share a market maker will require from an investor who wants to buy a market block of shares. The spread between the bid and the ask is the market maker's profit for facilitating the transaction.

    The PIPE investors could engage brokers to sell shares in in-house crosses or off market transactions, but if they want to minimize costs by trading on the OTCBB, all transactions have to flow through a market maker who will earn a spread for acting as a temporary way station on the route from seller to buyer.

    Whether you believe me or not, the double count is absolutely a reality on the OTCBB. I have any number of files on my computer that prove the point beyond a shadow of a doubt. Unfortunately they're all attorney-client privileged documents that I've collected over the years and cannot share.
    Mar 4 08:09 PM | 1 Like Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    VRLA is being used today because that's all the automakers can get. BMW's reason for spending millions on testing and validating the PbC is they know that VRLA isn't good enough for the cars they're making today and won't even come close for the cars they want to make. Drivers who spend all their time looking in the rearview mirror have a tendency to drive off cliffs. The same is true for investors.
    Mar 2 01:55 PM | 4 Likes Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    There's an immense difference between testimonials from outfits like ePower and joint public activities with first tier industrial companies like BMW, General Motors and Norfolk Southern.

    Axion has both.

    http://bit.ly/159EpWj
    http://bit.ly/1fAOoNb
    http://bit.ly/1eQQ3cj

    Publicly available information is only worthwhile to those who know enough to look for it and take the time to understand the ramifications.
    Mar 2 12:53 PM | 4 Likes Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    The merits of the PbC are far from secret. BMW presented those merits with Axion at the 2010 European Lead Battery Conference in Istanbul.

    http://bit.ly/159EpWj

    General Motors confirmed those merits when it took second place on the marquee of a joint DOE grant application with Axion.

    http://bit.ly/1fAOoNb

    Norfolk Southern confirmed those merits at the 2013 ASME rail technologies conference.

    http://bit.ly/1eQQ3cj

    The information is out there, but only if you care enough to look for it and take the time to understand what the information means.
    Mar 2 12:45 PM | 6 Likes Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    We should know whether CalBattery has a solution within a decade or so. The big problem with promising innovations in the battery industry is that about 99% of them stumble and fall on the road to commercialization. That's why Axion's PbC is the most extraordinary development in lead-acid chemistry since AGM batteries were invented in the '70s. The ideas are always accompanied by trumpets and most die in obscurity. That's just the way it is.
    Mar 2 12:37 PM | 4 Likes Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    ePower carefully evaluated the potential of lithium-ion batteries long before I got involved with the company. It concluded that the power output was grossly inadequate and the complexity of the necessary battery management, thermal management, power control and battery safety systems would drive its costs to a point where an economically compelling series hybrid drivetrain would become an economic catastrophe.

    FWIW the average cost of my Axion shares is well over $1 and there is zero chance that I'll be a seller in the foreseeable future.

    By the way, I reported your comment as an abusive personal attack so this string is likely to disappear once SA moderation reviews the matter. They take defamation of long-term contributors quite seriously.
    Feb 28 06:32 PM | 6 Likes Like |Link to Comment
  • Axion Power: An Extraordinary Nano-Cap Opportunity [View article]
    That's a wonderful theory but nobody makes lithium-ion batteries that have adequate charge acceptance for our application at anything even close to a cost-effective price.
    Feb 28 11:41 AM | 5 Likes Like |Link to Comment
  • Axion Power: Out Of The PIPE And Into The Light - Part II [View article]
    Since you obviously don't believe the PbC has any market potential and you don't believe management can continue to execute on a plan that's developed smoothly, albeit slowly, for over a decade you'd probably be happier if you sold your shares and moved on to something more secure like an index fund. Technology research, development and commercialization clearly aren't your cup of tea.
    Feb 26 11:22 AM | 6 Likes Like |Link to Comment
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