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  • Axion Power Concentrator 369 Sep. 28 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Puffer fish analogy to TG's words is probably apt. The puffer fish is poisonous but not venomous meaning it only kills you if you eat it up. The long time TG statement skeptics are now sitting pretty to get in cheap while the believers are tending to their sucking chest wounds with little capital left to allocate at the current historic lows.

    I wish I would have paid closer attention to the resident bears in the past but all in all I'm happy to have saved as much dry powder as I did for this offering.
    Sep 30 12:46 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 369 Sep. 28 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    For the other side of the story I made the case to short gold in an article not long ago. http://seekingalpha.co...
    For me shorting gold is a high conviction medium term play I feel strongly enough to write about (that's a short list).
    Sep 29 03:04 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Months, nah. Hours, maybe days. The difference with your portfolio is that goes both directions. A windfall is one way with no downside so not comparable.

    If somebody cannot find a job so has a lot of time I would not fault them for trying to game the system with reverse splits. Better than doing nothing for income.
    Sep 27 06:13 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Nicu> I have no idea. I've never tried gaming the system like that.
    Sep 27 05:51 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    "Karma generally catches them, mainly in the form of twisting their minds to do only small things like that all their lives. "

    Interesting. I would not disagree that pettiness becomes habitual. I've known people who do petty things all day. However turning a few clicks into a $250 windfall does not seem a petty profit to me. If 5 minutes effort yielding $250 is petty, then what is an 8 hour shift at a $10/hour job? Just philosophically speaking.

    For the record I did not have any odd lot account so I did not receive a round up windfall. (I certainly do not fault Maya for getting one.)
    Sep 27 03:23 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Maya> I share your sentiment that the upcredit to 100 shares is stupid on Axion's part. More than likely they were just rubberstamping what some advisor or counsel told them to do. Yet, it's still throwing away precious shareholder capital for nothing. You know ... that stuff they keep running out of every year?

    I've long held the view that Axion management is lousy at finance and this relatively small debacle just confirms it. They've been terrible stewards of shareholder capital while doing great at developing a new tech. I guess that's not so different from certain tech titans, but the difference is the big boys can afford to fritter away cash. They have something foreign to Axion called profits.
    Sep 27 02:21 AM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Masi> A warrant is just an option that guarantees a price to buy a share, the "strike" price. Obviously the lower the strike price the more valuable the option.

    An option to purchase gasoline for $1.00/gallon for 5 years is obviously worth a lot. One to buy gas for $5.00/gal for 5 years might ultimately prove worthless.

    Lower strike is better so the market will bid accordingly. That said nobody can say exactly what the market will bid for a warrant at any particular time.
    Sep 26 06:15 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    "idea that there is a pizza pie and one man's gain is another's loss"

    I said no such thing. Zero sum theory is wrong over time when there is economic and profit growth but I did not propose ZST.
    Sep 26 02:47 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    " I consider that type of behavior wrong"

    It is legal and always will be. Markets are cutthroat places where you are trying to take the other guy's money and he is trying to take yours. Musing about morals in markets is as pointless as musing about the morality of prize fighting when you are a fighter in the ring. Forget about it. It won't change anything.
    Sep 26 02:05 PM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Ranma> FWIW I bought a sizable chunk in the market today as a GTC limit order executed. GTC limits are a good way to support price for those who don't want to watch it daily and end up second guessing themselves due to weak market action.

    I just bought at a market cap of around $16 million. I am sure the PbC is worth *far* more than that and that market must converge toward true value in the future. That's all the analysis I needed for the purchase decision. The shares I own that are in the red right now are irrelevant.
    Sep 26 02:00 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    The warrant will not "be worth" $3.60 in your example. The warrant allows you to buy a share for $3.60 for the next 5 years, no matter what the market price of the stock does. What the warrant is worth at any given time will depend on time remaining, current stock price, and a small fudge factor the market offers known as "premium".

    Obviously if the stock shoots to $10 a warrant allowing you purchase it for $3.60 is worth something more than $6.40, depending on time remaining.
    Sep 25 04:06 PM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 368 Sep. 25 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Lest we've forgotten in this board's newfound zeal for praising Maxim:

    1) They fathered the 2013 PIPE that preyed upon both Axion and legacy shareholders with draconian terms, and that is putting it mildly.
    2) They are nice because they are trying to get our money so to generate fee base and commissions for them.
    Sep 25 01:17 PM | 23 Likes Like |Link to Comment
  • Axion Power Concentrator 367 Sep. 21 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    bazooka> Could be that Maxim likes even small accounts as once they've got their foot in the door with an open account then can try to sell you on various offerings for years to come.
    Sep 24 06:23 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 367 Sep. 21 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Is anybody who is experienced in these public offerings able to guesstimate the degree it is likely to be oversubscribed, if at all?
    Sep 24 02:35 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 367 Sep. 21 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    PY> It is non sequitur.

    One argument goes that an uplisting from OTC to NASDAQ /must/ result in a spike in the stock due to unleashing a formerly forbidden fruit to institutions. While I'm sure that happens, it does not follow that it happens in every case of uplisting.

    Same thing in reverse: a delisting /can/ cause certain funds or institutions to divest immediately in full. Or maybe they already left in the preceding months when they saw the writing on the wall. Or maybe they will divest gradually or partially. Or maybe a special sits type fund is waiting in the wings for such a delisting in order to to buy up shares in the big boys wake, mitigating the price fall.

    There are lots of maybes. That's what makes markets unpredictable. Thinking any cause/effect relationship is certain is a good way to lose your shirt.
    Sep 24 02:30 PM | 7 Likes Like |Link to Comment
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