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Axion Power Concentrator 145: Aug. 25, 2012: Axion Power Reports Second Quarter Results For 2012

|Includes:Axion Power International, Inc. (AXPW)

These instablogs and the people who maintain them have no relationship whatsoever to Axion Power International. To our direct knowledge no person with a current relationship to Axion Power International other than being a shareholder participates in these instablogs.

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Axion Power Reports Second Quarter Results For 2012

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IMPORTANT UPDATE:

Axion Power Market Cap and Share Count:

(click to enlarge)

Events that should have increased Market Cap siginifcantly over the past two years:

1. NS in June 2010
2. BMW in September 2010
3. The toll contract in March 2011
4. The DOE grant application with GM in April 2011
5. The PJM connection in November 2011
6. The toll contract extension in March 2012
7. Completion of BMW testing
8. The first NS battery order

Sellside dynamic that pushed the market cap down into current cheap levels over the past two years:
Fursa and liquidation trust - 3.3 million starting in April 2010
Special Situations - 8.7 million shares starting March 2011
Quercus Trust - 8.6 million shares starting March 2011

Plus up to 8.2 million shares of selling by the Estate of James Winner that started sometime after his death in September 2010 - http://bit.ly/QaR9by.

Plus up to 7.2 million shares that Manatuck Hill "might" have been sold in connection with a management change in Q1 of this year.

Blackrock started with 7.15 million shares and reported sales of 2 million shares before it fell off the radar.

Most of these sellers are ancient history because they're either out of stock or almost out of stock. As near as I can tell, there's nobody left that holds large enough blocks to push the market around. I find the current volume spike particularly encouraging because it seems to be a final blow out of the last shares remaining in weak hands.

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Axion Power Moving Average Volume:

(updated through Friday close Aug. 24th)

I don't normally send updates mid-week but the new volume graph is important because the 10-day average broke 600,000 yesterday and we're within a day or two of a break-through where the 50-day will penetrate up through the 200-day. There's been a fairly consistent volume resistance in the 500,000 share range for a couple years and the 600,000 figure is a clear penetration. We've only had three other instances where the 50-day penetrated up through the 200-day. One was a tiny blip in August of last year that didn't last long, but the other two were large and sustained volume surges.

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Axion Power Weighted Moving Average Prices:

(updated through Friday close Aug. 24th)

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Axion Power Concentrator Comments Graph:

(updated Aug. 21st)

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Links to valuable Axion Power research and websites:

The Axion Power Concentrator Web Sites created by APC commentator Bangwhiz it is a complete easy-to-use online archive of all the information contained in the entire Axion Power Concentrator series from day one; including reports, articles, comments and posted links.

Axion Power Wikispaces Web Site, created by APC commentator WDD. It is an excellent ongoing notebook aggregation of Axion Power facts.

Axion Power Website, the first place any prospective investor should go and thoroughly explore with all SEC filings and investor presentations as well as past and present Press Releases.

Axion Power Chart Tracking, HTL tracks AXPW's intra-day charting.

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Disclosure: I am long AXPW.

Stocks: AXPW