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  • A Summary Of The Axion Power (AXPW) 2015 Annual Meeting [View instapost]
    "It's beyond ridiculous to prevent 65 MPH cooling air into the battery chamber."

    Not so much. My first design thought would be to make watertight battery boxes because they will be subject to all manner of road spray and you want a clean and salty-grime free compartment.

    Now they know that watertight won't work because they need significant forced air flow. So they'll need ventilation tubes of some kind configured so that road spray cannot travel up the tubes as far as the batteries.
    Jul 4, 2015. 01:24 AM | Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    If you had any real conviction that I can successfully play a news release pop coming up then you'd play it yourself.

    You actually don't have the foggiest what my total losses may look like. I've always combined a long term position with trading AXPW. In May and June I bought a bunch at around 3.5 cents which I still hold. Last month I also traded separate blocks on 5 occasions, all closed out profitably. I felt the intraday swings were large enough and predictable enough to warrant some trading.
    Jul 2, 2015. 09:11 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    Amouna> It's verified. I have seen the old Axion SEC filings showing John had $1 million in common stock. He owned Preferred shares that he purchased which he converted to Common.
    Jul 2, 2015. 09:05 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    nbtf> How would you know anything about what is in the heads of smart people? Surely it's completely opaque to you.
    Jul 1, 2015. 11:52 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    Sure insiders buy all the time but not when non public insider information is of such a nature and magnitude as to make or break a company's future. Axion totally fits the profile of a company whose stock could explode upon certain types of announcements (LCB deal, major OEM contract, etc) or implode upon other info (financing with likely 'death spiral' terms).

    Richard Kinder bought a crapload of Kinder Morgan stock (KMI) but the shares aren't going to make multibag types of leaps upon single news releases like Axion. When the stock barely moves upon virtually any news nobody is going to get charged with insider trading. I'm amazed that you and the others who harp endlessly on the lack of Axion insider buying as some kind of 'proof' of something understand so little about insider trading laws and penalties.

    I'm actually with you that insider buying is a very good sign but the reverse of a lack of insider buying is actually inconclusive.

    I've pointed out that a former insider with deep involvement for many years is buying heavily right now. Why do you ignore any evidence that doesn't fit your theory?
    Jul 1, 2015. 11:31 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    nbtf> Convenient of you to ignore that former Director Petersen put a million dollars of his own cash into Axion common stock. Also former Director of many years Averill who has intimate knowledge of the tech as well as of the company is actively making substantial purchases of stock at market prices right now. Perhaps he will weigh in on whether at the time he was a Director whether insiders buying the stock in the open market was frowned upon or even prohibited as a matter of company policy. Bob?

    It's not unreasonable to think some insiders will avoid purchasing their own stock as a matter of personal policy. If it goes down you lose plus might be accused of ''pumping" the company. If it goes up you make money but might get accused of insider trading on non public information. If charged and found guilty the penalties can be very severe.

    The insider buy decision is also not simply a matter of having a sense of what future revenues might look like (if any insider even could). The decision to own stock in a company that has to keep going to the well for more money also has a large financing risk factor, as we've seen the last two rounds.

    In short, even for insiders there simply was no crystal ball regarding sales time horizons or quality of financing. I don't buy your claim that insiders all knew in some silent pact or conspiracy that PbC tech is simply much worse than what it's cracked to be. Nonsense to me from every angle I look at it.

    However I would loved to see much less cash compensation and much more stock based compensation. Perhaps we'd be in a better place today then.
    Jul 1, 2015. 11:06 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    That would be funny as hell if the Bob who has been posting for months were the imposter and now the real Bob Averill has showed up! I know that's not the case but the mere thought has me ROFLMAO.
    Jul 1, 2015. 11:39 AM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    Freya is right. There is much stupidity over the non standardization of the issue so what we so often see is the stupidity. At least Ameritrade gets its right on their individual stock pages, regardless of how the company announces it.

    The figure preceding the colon should be the end result while what's after the colon is what you started with. For example, AAPL did a "seven for one" stock split, expressed as 7:1. If it had done a reverse split of "one for seven", then it should be expressed as 1:7.

    Even though companies in their own documents often will call it a "7:1 reverse split" that is incorrect and nonsensical. A "reverse" split simply should be when the number before the colon is smaller than the number after the colon. You're not getting "seven for one", you're getting "one for seven".
    Jul 1, 2015. 11:11 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    "You are the only person saying this, not JP or JB."

    Of course the company's officers won't make promises about the future, especially while fund raising. It would be improper and subject them to potentially lawsuits if the issue does persist at all. It is unheard of for companies to express future projections of any kind in certain terms and I don't blame them.

    I am actually not worried about the overheating because I think going from very poor ventilation to active venting (fans) will make a big difference. I also think if they pursue a niche where ePower tractors are marketed as only a solution to pull a modestly reduced GVW there is still an enormous market to pursue.

    I think it's a fantastic fit for the new Amazon "lightweight items only" fulfillment center right there in Florence, KY and I hope they pursue that opportunity with a vengeance, even if it has to mean bidding directly to Amazon and thus operating a small trucking company. Not that they would want to do that, but sometimes just being your own customer in order to prove a concept can be good. If only Axion had gone into the business of owner/operator of PowerCubes several years ago, placing them strategically with third parties at no up front cost and just sharing in the savings ... might have avoided the whole financing messes they got in due to failing to sell the Cubes outright.
    Jul 1, 2015. 10:36 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    The heat issue is definitely fixable. In fact it's highly encouraging that given the currents these batteries are taking in that with no ventilation to speak of they have handled months of in house testing as well as they have.

    Then on one particularly abusive occasion they overheated. So what? If they overheated despite being cooled with a refrigerant that would be a big problem as how do you improve on that? But they are barely even ventilated now and pretty crowded so there's lots of room for improvement without big expense.

    Ever hear of fans? They dissipate heat pretty darn well. Thus far the boxes have had none.
    Jul 1, 2015. 12:51 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    Rick> You twist the facts into fantasy. JP has made it clear that ePower is looking at alternatives only because of concerns that if Axion goes belly up then PbC may be unavailable. Investors are concerned. Possible unavailability is the only reason they are looking at other batteries. They have clearly said they are not dissatisfied with PbC.

    Half the batteries destroyed? Are you simply making this up as I've read everything from ePower and it nowhere said batteries were destroyed. They had overheating issues when they taxed the system with 74,000 lbs in a double trailer configuration. The battery boxes were crowded and apparently unventilated or poorly so. Active fans and air space may help a lot.

    If they have to advise customers that an ePower tractor should have a Max GVW it pulls to not overtax the batteries, is that a deal killer? A trucking company with 100 tractors won't want 5 or 10 ePower hybrid tractors just for carrying its lighter loads? I think that a business model of having a product for only up to 80% of GVW Max sounds quite viable, if it comes to that.

    Finally, the battery overheating did not occur in "their first test run". You talk like the first time they hooked up a trailer and went down the road the batteries crapped out. It was actually after the batteries had been used for years in local testing hauling dozens of tons. Newer PbCs may not have failed on the FedEx run, we don't know.
    Jun 30, 2015. 11:59 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    nbtf> Not true. Norfolk is moving forward with PbC. They have announced repeatedly that Axion's PbC is their selection they publicly endorse. Epower is moving forward with PbC and has given it highest praise.

    Turn your assumption on its head for a second: of all those testers you name from the US military to BMW, not one, NOT ONE, has said publicly that Axion's PbC failed or did not meet their needs in any way. Further, Axion has not indicated that any entity testing its PbC has ever found it didn't perform to their expectations. Not one confirmed failure to please!

    There's a big difference between direct evidence and indirect evidence (such as a lack of contrary evidence). IOW you presume an awful lot simply because you start with a huge negative bias and fill in the unknowns in such a way as to confirm your bias. Believe what you wish but IMO you've rarely made a good case for anything.
    Jun 30, 2015. 11:08 PM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 400: June 22, 2015 [View instapost]
    "I am almost certain Maxim will be back in the picture."

    Why be *almost* certain? Why not stick with your usual blather which is to spout about the future with perfect certainty?
    Jun 29, 2015. 01:50 PM | 3 Likes Like |Link to Comment
  • The Alkaline Water Company Update And Q4 FY2015 Revenue [View article]
    The middle class in China is certainly a rising force but it's not representative of the country of 1+ billion really. Average income per capita is only 1/4 that of the U.S.

    The majority are still the rural working poor, some still doing subsistence and many doing miserable factory labor for low wages. The reason Western stores are full of goods made in China is that the labor there is cheap, cheap, cheap. Another way of saying the same thing is that wages of those Chinese workers are low, low, low. Not buyers of luxuries the masses.
    Jun 29, 2015. 10:59 AM | Likes Like |Link to Comment
  • The Alkaline Water Company Update And Q4 FY2015 Revenue [View article]
    tptdac> No doubt there is no moat from competition, agreed. Same can be said though for producing milk or electric guitars. Whether the public years from now will prefer Alkaline88 or some competitor's product is anybody's guess.

    I think there is more to the electrolysis process than just add rock minerals and stir, haha! You have to keep the minerals in suspension and in the healthful proportions. Perhaps maintaining ionization for bioavailability complicates things. Mineral and spring waters have been around for ages but apparently these lab brewed alkaline waters are better, at least in the eyes of some people to the tune of $10 million annually and growing fast.

    I'm not worried about Coke stealing market share for the simple reason that the market is in its infancy and WTER is valued at slightly over 1X forward annual sales which are growing rapidly. For Coke to care about having a product in this niche they would probably have to see a global market of close to $1 billion or more. If WTER owned just a few percent of that global market it would be enough. OTOH it could own 25% of a $200 million market 5 years from now. Supposing then $6 million annual profit divided by 200 million shares that would be 3 cents a share of earnings. That's 30% ROI annually for me. Hardly far fetched and hardly a best case.
    Jun 29, 2015. 04:17 AM | Likes Like |Link to Comment