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  • Axion Power Concentrator 147: Aug. 30, 2012: Axion Power Reports Second Quarter Results For 2012 203 comments
    Aug 30, 2012 5:39 AM | about stocks: 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)Axion Power Market Cap and Share Count

    Events that should have increased Market Cap significantly 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)

    (click to enlarge)Axion Power Moving Average Volume

    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)

    (click to enlarge)Axion Power Weighted Moving Average Prices

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    Axion Power Concentrator Comments Graph:

    (updated Aug. 21st)

    (click to enlarge)Axion Power Concentrator Comments Graph

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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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    Be sure and either follow the Axion Power Host ID on Seeking Alpha or click the check-box labeled "track new comments on this article" just ahead of the comments section!

    --------------------------------------------------------------------

    WARNING: This is a troll free zone. We reserve the right to eliminate posts, or posters that are disruptive.

    Enjoy!

    Disclosure: I am long OTCQB:AXPW.

Back To Axion Power Host's Instablog HomePage »

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Comments (203)
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  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Mayascribe:
    Good Morning.
    How are you today?
    Carlos.
    30 Aug 2012, 06:47 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    Carlos,
    Historically speaking, although some may choose not to, a limerick has to rhyme and follow a certain pattern.;).
    30 Aug 2012, 07:14 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9913) | Send Message
     
    typing e.e. cummings style, i.e., worse.

     

    if i had to go to indy today, i wouldn't.

     

    going to try to stay away from typing today. now, elbow's weirding out, too.
    30 Aug 2012, 08:39 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    Maya, we need to get you healed up ... football season is almost here, and if you're anything like me, you can't watch your favorite team without freedom of movement to express "encouragement" for them :-)
    30 Aug 2012, 09:15 AM Reply Like
  • Articula
    , contributor
    Comments (250) | Send Message
     
    Maya,

     

    I've had chronic pain problems for almost 3 years now - this book and the $12 it costs is well worth it. Check it out - you may help that shoulder out permanently.

     

    http://amzn.to/NzbnvZ
    30 Aug 2012, 11:33 AM Reply Like
  • magounsq
    , contributor
    Comments (985) | Send Message
     
    metro

     

    I don't think a limerick was Carlos intent.
    I believe a mere inquiry to his health.
    30 Aug 2012, 02:49 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    magounsq:
    It is correct.
    Gracias.
    Carlos.
    30 Aug 2012, 02:52 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    magounsq, carlos,
    Please note winking icon at end of my post. When I first saw the format, it looked to be a poem. Sorry at attempt for poor humor.

     

    Do hope you are feeling better Maya. Separated both shoulders in rugby and wrestling, and they are not getting any better with age.
    30 Aug 2012, 03:15 PM Reply Like
  • doubleguns
    , contributor
    Comments (8335) | Send Message
     
    Maya, If this continues for some time, See a chiropractor. Cheap and could really help. Look for one that does not use all the electronic gizmos crap and just does adjustments. I had major problems 20 yrs back while stationed in Japan. Base doctors just kept giving me muscle relaxers and pain meds. It finally got so bad (3 weeks) I could not move or stand to be in a car bouncing along. My wife took me to a Japanese chiropractor and I was fixed 2 hours later.

     

    I wont lie, the first 15 minutes was hell. Good story over a beer in Copan.

     

    Adjustment, acupuncture and sweet potatoe paste.
    31 Aug 2012, 11:42 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    There once was a lad from PA
    Whose shoulder went bad from old age,
    His body was wrecked but his mind was saved
    and his advice still considered sage.

     

    My apologies to all who can write an admirable limerick.
    30 Aug 2012, 08:09 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9913) | Send Message
     
    tx!
    30 Aug 2012, 08:39 AM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    Hopefully Maya won't laugh so hard he re-injures his shoulder.
    30 Aug 2012, 08:36 AM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    While planning on writing his diatribe
    A ghastly affliction struck Mayascribe!
    "It sucks growing older!
    So I'll nurse my shoulder
    By sipping a Jameson, fireside."
    30 Aug 2012, 09:27 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    Wait a minute there SMaturin, I'm the only diatribe scrivener in these parts. Maya is a novelist and there's an immense difference between the two.
    30 Aug 2012, 09:49 AM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    Well, ya gotta take yer rhymes where you can find them!

     

    Apologies to Diatribist-in-chief!
    30 Aug 2012, 10:04 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    Im impressed with anyone that can rhyme "Mayascribe". No matter how its done.
    31 Aug 2012, 07:22 AM Reply Like
  • jpau
    , contributor
    Comments (837) | Send Message
     
    Reminds me of Bloom County when Opus rhymed something with Casper Weinberger
    31 Aug 2012, 07:40 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    8/29/2012: EOD stuff.
    # Trds: 40, MinTrSz: 130, MaxTrSz: 23000, Vol 171061, AvTrSz: 4277
    Min. Pr: 0.3152, Max Pr: 0.3300, VW Avg. Tr. Pr: 0.3221
    # Buys, Shares: 25 110511, VW Avg Buy Pr: 0.3236
    # Sells, Shares: 15 60550, VW Avg Sell Pr: 0.3192
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1.83:1 (% “buys), DlyShts 65081 (%), Dly Sht % of 'sells' 107.48%

     

    I remain with a positive outlook on near-to-medium-term price action as the current action seems right in line with what should happen following a nice rise off the recent $0.2800 low. I believe at least one of our larger sellers is gone, as John suggested would be the case, and have concern right now only with Special Situations. Blackrock is always a looming possible cloud, but volumes seem to suggest that we have only, at most, a larger seller in the game at these price levels because “pushing and shoving” at the “pay window” seems dramatically abated.

     

    As surmised, short sales continue with a choppy trend lower off the recent peaks. This reflects behavior seen in the past. Haven't had time to dig into the possible “T++3” scenario yet, but it's looking promising down the road for providing some useful guidance to “what's next”.

     

    Volume also continues the predicted trend lower and, as both WTB and Mathieu discussed, we're seeing the asks reacting by trending lower and the bids trending, somewhat, to inch up. The result is a narrowing price spread.

     

    With a nice move up from $0.28 (on the 17th) to the recent high of $0.34 (the 24th and 27th), we're seeing some traders taking advantage by taking some profits here, causing a small re-trace. IMO, not much to be concerned about – pretty much normal IMO.

     

    This is supported by both short sales (some of those buys on the way up would not have settled yet) and the average trade size falling. The reason I believe this latter item supports that view is that we've seen what, IMO, is increasing evidence that the larger sellers are out at this price level (trades size highs decreasing since 7/9 – I had surmised in the past that 7/10 might be a day that one or more of them were gone – and buy:sell ratio trend beginning to improve around 8/2 and showing recently in the 10-day average change). Note also that the buy:sell, after two “down” days, reversed to positive.

     

    We've been noting, as well, changes in the bid ask behavior that suggests the larger sellers are less active. The dropping of the asks seems less aggressive recently and the low ask at many time is from ATDF, which we think is a market-maker that has more retail traders, while NITE, UBSS and FANC spend less time being the best ask. Further, yesterday's lows seem to have been the result of “lures” seem strongly related to the fact that best bids by UBSS and NITE were at $0.315 and $0.316 and were, on occasion, the best bids. The “fishing” eventually garnered a couple of spooked longs (I guess) when they got ~18.4K to go around those levels late in the day (starting with 2 5K trades at 14:15 and 1 8K trade at 15:33). Other than these and the couple “fishing lures”, price stayed at $0.32 or greater.

     

    Again, the unproven “Dly Sht % of 'sells'” is omitted here and can be viewed in my instablog (up in about 10 minutes) by those with an interest.

     

    HardToLove
    30 Aug 2012, 09:05 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    Begging you ... something better than "Dly Sht" ...
    I keep adding an "i" in that sht when I'm scanning :-=)
    30 Aug 2012, 09:21 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Wtb: LoL! Well, in all honesty, my opinion of most short selling, being mostly opaque in a supposedly "level playing field" market, fits your "fill in the blank" result.

     

    I'll thought about adding an "r", but then it would be "shirt selling" - not quite as descriptive I think. :-))

     

    HardToLove
    30 Aug 2012, 10:42 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    as long as short % numbers are lowering i like us staying above 30.5 cents. yesterday i did sell 400 shares of a 10kish order at 32.5 NITE lowered their bid in response. so while short % suggests less sell side pressure NITE is still a hot hand.

     

    "why put a sell order in"

     

    information.
    test volume. while NITE did move down, they did not cause a rush of selling. in fact i expect volume contracts further until another move higher.

     

    odds and ends: my formula adding shares into strong hands is pretty simple. when the trading range stays below a 30 day stock price average all day take volume - 30 average volume and add the total to strong hands.

     

    the reasoning behind this formula is playing out in the narrowing of price ranges over this week.

     

    happy hunting all! i really hope iindelco didn't get scared off...
    30 Aug 2012, 11:08 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    "i expect volume contracts further until another move higher" Yep, that's one of the clearest trends we've had recently, and obviously this morning so far.

     

    I'm wondering if 31 cents will hold.
    30 Aug 2012, 11:19 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    i think it will but meh.
    30 Aug 2012, 11:28 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    MrI: through 12:24, looking promising ATM as 5 MMs aggregating 93K *presented* bids at $0.31. Buy:sell could be better, but I've noticed over the last week we have something like this, Buy:Sell 1:2.34, during the first part of the day (and sometimes it's inverted) and than things move towards the "center" later.

     

    So I think that today $0.31 will hold, sans a sudden surge or return of a big seller.

     

    MHO,
    HardToLove
    30 Aug 2012, 01:16 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    While the price may be in the pits
    and the weak hands are calling it quits,
    the bottom feeders have swallowed
    more shares than their wives allowed,
    giving blanchard a case of the "Sht"s.

     

    D

     

    Someone had to do it.
    30 Aug 2012, 02:22 PM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    Interesting rhyme for "shirts."
    30 Aug 2012, 02:30 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Penny-wise folks by in bulk, a case of "shirts" at a time. :-))

     

    HardToLove
    30 Aug 2012, 02:36 PM Reply Like
  • RBrun357
    , contributor
    Comments (786) | Send Message
     
    HTL

     

    I see that NITE is breaking from it's ask of 5k shares and now is publishing 25k for sale!! What's up with that?? Maybe that is the last batch of shares they have left from the "last" legacy sellers!

     

    Ok, maybe I haven't awakened yet this morning and am just dreaming!

     

    357
    30 Aug 2012, 09:56 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    Not only that, but perhaps we found their real bottom line price: .325

     

    As yesterday, there was a somewhat determined ATDF person with 10K that wanted to be best offer.

     

    They walked each other down from essentially .33 to .3249

     

    Hopefully they'll be patient and stay there.

     

    If NITE were smart, they would just raise to 3299 right now and let ATDF "win" and be gone.
    30 Aug 2012, 10:19 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    357: There are *some* rules, which seem to be occasionally followed by some every once in a while, that specify what must be displayed.

     

    One of them says that, sans all the allowed exceptions, they must show all customer quantities (exception: "reserve quantity", maybe some more), if they enter both sides with only their own orders their quantities must be balanced (exceptions I don't remember), ...

     

    So when any of the big MMs display other than their standard blocks, I assume some actual orders behind it that don't meet the exceptions allowed.

     

    I could be all wet, but with the little information, and compliance, seen, I have nothing but thin air guesses to guide me ... and my trusty TFH, of course.

     

    If the SEC/FINRA ever actually enforces rules that are supposed to protect the "small fry", instead of just the "large fry", we might see some benefit.

     

    I'm not holding my breath for Rip van SEC though.

     

    MHO,
    HardToLove
    30 Aug 2012, 10:48 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    357: Oh BTW, I see that NITE's offer seems to be decreasing as inside crosses (trades between the bid and ask go off, if I have the correct terminology) have been going off. The *presented* quantity has been moving down. So they must have some orders that are customer orders that don't satisfy one of the exceptions and NITE is (temporarily?) following one or more of the rules.

     

    Showing 15K @ $0.324 right now - their customer must be a profit-taker that got in somewhere around $0.28-$0.30?

     

    HardToLove

     

    EDIT: correction: maybe not inside crosses, but likely a customer changing the sell to a lower price and some other customer somewhere, or a MM, snapping it up.
    30 Aug 2012, 11:09 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    right, NITE lowered as my sell order filled yesterday. not too worried about them as they didn't have much effect on volume as they moved lower.
    30 Aug 2012, 11:30 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Relative to the buyers' strike, NITE's continued selling still has some muscle. They keep dropping their offer almost every day. Now at 31.5 cents. We're close to a lil showdown at 31 cents. I'm WA guessing that falls by the end of the week unless some buying strength returns.

     

    IIRC, NITE was the MM selling at least 60k-80k shares/day for awhile. Like today. We've also seen some of those old "enticer" trades recently again. Still can't tell who the remaining biggish seller(s) is(are), but I'm still WA guessing Blackrock or someone else with physical shares. Gotta think they're a lot closer to exhaustion, but not there yet.

     

    BUT (and that's a big but, lol), if/when the buyers end their strike, I think we move back up quickly to 35. Could be w/ the 2Q CC and JP's article, we pulled some demand forward. Now we'd be in the resulting vacuum for a bit.
    30 Aug 2012, 01:33 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    look at break out through 30.5. i don't think demand at that price is gone, esp. as we haven't retraced there so far.
    30 Aug 2012, 02:56 PM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    It may have been mentioned before but I had not noticed. The Rosewater site now has a picture of the Residential Energy Hub under its residential tab. At the bottom of the right door are the words, "Manufactured by Axion Power International."

     

    http://bit.ly/LuUGw1
    30 Aug 2012, 10:33 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    Notice that "HUB" logo has Rosewater logo as the "U".
    2 Sep 2012, 05:50 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Cool!
    30 Aug 2012, 10:34 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Nice!!!!
    30 Aug 2012, 10:46 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Looks ready for delivery!

     

    Despite the wind sticker and the word, "wind" in the diagram, there's no other mention of wind that I can find in the pdf. Unlike how solar gets a lot of words. I suppose that's since solar has a tax credit. And is probably a lot more popular than wind capture.

     

    My mention awhile ago of RW's partner in Dubai was in error. They're in Bahrain, instead. 8^P Sounds like wealthy customers, either way.
    30 Aug 2012, 10:55 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2384) | Send Message
     
    Small wind doesn't really work, especially in rich enclaves that prohibit 100+ foot towers and have lots of trees (turbulence). To be effective, the bottom of the wind turbine blades should be at least 50 feet above the nearest obstruction (rooftop or tree) within 500 feet. With 60 foot trees and a 20 foot rotor diameter, the tower needs to be at least 120 feet high.
    30 Aug 2012, 11:34 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I have to imagine that getting homeowners association approval for a real wind turbine would be problematic in a lot of places.
    30 Aug 2012, 11:39 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Ha, approval in rich enclaves. Getting county/town approval for something like that at a farm seven kilometers from the nearest town in Ireland is even problematic.
    30 Aug 2012, 11:52 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Nice looking unit.

     

    I like the icons that remind me of the apps on my iphone.

     

    Rosewater and Axion seem to understand that their customer base cares about how the Hub looks.

     

    D
    30 Aug 2012, 11:53 AM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    If they can make it look like this, they may get it approved:

     

    http://bit.ly/PA0Xa0

     

    Who cares if it actually works! It's a tax write off and investment in modern art!
    30 Aug 2012, 11:54 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    LOL, SMaturin.

     

    Why don't you send that photo to Maya and he can print it out and bring it with him when he talks to Joe Pic at CEDIA? I think he would really respect that.

     

    Perhaps they'll pin it up somewhere behind their booth, like a parent displaying their childrens' art projects on the refridgerator door.

     

    D
    30 Aug 2012, 02:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    OWIE! A123 @ $0.26

     

    I wanted the price lines to cross, but not like this.
    30 Aug 2012, 11:47 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    death spiral in full effect. curse of the black knight strikes again
    30 Aug 2012, 12:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    They pulled a very nasty trick with the death spiral convertible. The initial deal terms with Wanxaing required A123 to retire the $50 million in debt. It looks like the holders pushed back and wanted to keep buying stock at 85% and selling at 100%.

     

    To resolve the issue, Wanxaing and A123 changed the investment terms so that the Wanxaing warrants and convertibles represent fixed percentages of the company. That way the death spiral converts can continue to be exercised running the stock printing press in overdrive and no matter how many shares are outstanding at the end of the day Wanxaing will just get 4X.

     

    It's a great stock to not own – but then again I've been saying that since about $20 a share.
    30 Aug 2012, 12:16 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Thought I would shoot up a flare and let everyone know I'm dealing with the aftermath of my mother's passing and the fact that I'm still in Marietta, GA versus my home in the Washington, DC suburbs. Not sure if I am staying here or moving back to Virginia and won't know what I am going to do for a while. Then there's the lawsuit and the usual bs of life.

     

    On the Axion front I have been wondering how a strategic partnership might workout in terms of structure. I wonder if a major entity would accept anything less than control of Axion if it was in the form of anything other than a JV - and a JV doesn't put money in Axion's bank account - it would pull it out.

     

    My experience when looking for the equivalent of a "white knight" was a guy with a "my way or the highway" attitude. I recognize using the term "white knight" might be inappropriate, but Axion clearly wants to find a savior from the financial sharks circling the next capital raise.

     

    I'm keeping up with HTL's summaries and the search engine updates, but otherwise not doing much else. My business died in August 2008 and I had to start caring for my mother in January 2009. Being unable to work and having to ultimately move to Georgia has left me in a situation where the big question is "now what?" Frankly I don't know.

     

    On a final note I don't like either candidate for President but I decided I would choose which brand of cod liver oil to swallow based on the debates. However, the GOP adopted a campaign plank that wants a national and total ban on online poker - even though a federal court ruled poker was a "skill" game versus gambling and not subject to the existing laws against online gambling. While campaign planks are meaningless sop I twitted the GOP that they could forget my vote.

     

    I am sick and tired of heavy handed government interference in what I consider to be a private decision - not only with respect to poker, but in many other facets of life. I don't need a "nanny" for a government. Venting a bit has been good therapy towards pulling me out of a bit of mild depression. It's hard to be depressed when you are pis**d!
    30 Aug 2012, 12:25 PM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    BW,

     

    Stay Strong,

     

    Stay Pis**d (if it keeps you strong),

     

    But most of all, Stay in Touch!
    30 Aug 2012, 12:36 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I tend to believe a core element of TG's strategic investor plan will absolutely be "more than one." We already danced the dance with Exide and found out how badly that dynamic sucked. There are enough different players on the field that several of them have a strong incentive to draw Axion closer, without necessarily trying to take it lock, stock and barrel. I can think of a couple automakers who might want to ensure priority to PbC supplies as well as at least one railroad. Heck, we might even have a couple battery manufacturers who think that now would be a good time to solidify their position. There's way more to strategic than throwing out the baby with the bath-water.
    30 Aug 2012, 01:00 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2127) | Send Message
     
    Hi BW,
    Good to hear from you.
    Stay in touch and hang tight.
    30 Aug 2012, 01:38 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    No way is The Negotiator giving up the company. Since he didn't when things looked a LOT worse, he ain't a gonna do it now.
    30 Aug 2012, 01:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Good to "see" you, BW. I knew you had a bunch on your plate, just as I know you'll emerge from "the other end" of all this with aplomb.

     

    Hang tough.

     

    HardToLove
    30 Aug 2012, 02:04 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    JP> What kind of deal structure would you envision for a "more than one" combination of strategic partners? My conception would be Axion says "we're offering you X (in the form of an agreement) provided you buy Y shares of Axion common (treasury stock) for Z dollars?"

     

    If more than one is involved some segregation (by territory, market, application, etc) would have to be offered to each partner. Plus I suppose everyone that was interested in the deal (if multiple partners were involved) would want to know who else they were getting in bed with and what kind of the deal the other partners were offered. Sounds complicated. In my limited experience threesomes are rare and hard to come by and foursomes are beyond my grasp.

     

    In the kind of discussions Axion could be having I suppose a wide range of deal structures are possible involving many possible combinations of components including electrode line expansion, new facilities, distribution agreements, etc.
    30 Aug 2012, 02:28 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    Depending on the identities of the players the possibilities are endless. The world is a very big place and the nice thing about a technology like the PbC is limited rights can be sliced and diced vertically, horizontally and territorially. Our original thinking was we'd need a couple North American partners and at least one each in Europe and Asia. If you start breaking the geographic markets into vertical markets for rail, automotive and stationary, or subdividing them even finer along lines that make business sense, the possibilities are limitless.
    30 Aug 2012, 03:05 PM Reply Like
  • bazooooka
    , contributor
    Comments (2774) | Send Message
     
    BW,

     

    I hope you find that "poker game" you are looking for, metaphorically speaking. Glad to see you're posting again.
    30 Aug 2012, 03:38 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Thanks Bazoooka. It's actually an important issue for me as it was an important source of supplementary income. Not huge, but not insignificant for me either. I actually have considered moving out of the US from time to time to a lower cost of living country like Panama or Costa Rica to pursue my poker interests as well as stretch my money, but I have resisted that impulse so far. Sounds extreme I agree. On the other hand I would probably be much better off financially.

     

    I am considering trying some casino poker play, although I do not have faith in it as a money making proposition at this time for two reasons - the type games offered and the much higher amounts of money you must risk. You can quickly lose a lot of money and trying to get it back is what creates "busted" gamblers, just like investors who get overweight in a losing stock and can't take the pain of cutting their losses. I am going to be extremely cautious about poker for the moment. Enough about poker, but I appreciate the thought.

     

    I confess that participating in the APH has helped my outlook today. I have been depressed lately - but I have never done depression very long. I get bored with it. I will leave the subject with one personal gambling story. On my 21st birthday in the mid-60's I traveled to Puerto Rico to gamble in the casinos. The first night I won a thousand bucks - not bad money back then. The next night I lost it along with all the rest of my vacation money. I went up to my hotel room and wrote a long letter to my father until nearly dawn telling him I would never do it again. Around dawn I tore up the letter and said to myself "Of course I am! I'm just not going to be so damn stupid!"

     

    A friend in the Virgin Islands rescued me and I went to St. Thomas and had one of the best vacations I've ever had for a week - but that's another story. Thanks for letting me ramble.
    30 Aug 2012, 05:04 PM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    I keep hoping that they will go to each of the strategic partners with a very simple proposal. 1) You assume that the partner wants to either use or market PbC batteries. 2) To do this, there needs to be the ability to increase the amount of PbC batteries that can be made. 3) To do this, first and foremost, Axion needs more electrode lines. So you write an agreement where each partner agrees to pay for the cost and installation of however many Gen3 electrode lines they plan to need in the next 2-5 years. Axion agrees that electrodes from those lines will always be available to the strategic partner who's funding paid for them, for a set period of time, while allowing that any electrodes that aren't needed to fill an order from the strategic partner can be used to fill other orders.
    Seems the quickest way to build out the electrode lines. It locks the strategic partners into an upfront agreement to use the PbC battery, so you don't get a rehash of the Li-ion industry's over production that doesn't fill a specified need. And finally, it sets aside any need for future funding stock offers to the capital markets as being for general production costs and operational expenses and not something you're asking your strategic partners to fund.
    At least that's what I would do.
    1 Sep 2012, 10:25 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    "FL-based Rosewater introduces PV power hub as hurricane season hits"

     

    http://bit.ly/Puu2Vx

     

    Here we go ... more publicity, but not exactly the way we would phrase things in all cases :-)

     

    For the low lying country (or flash flood country,) can't wait for the contest on the most artistic design that incorporates the battery container up on the top floors :-) Never forget the lessons of Fukushima!

     

    Speaking of which (and fair warning, it's from the NY Times):

     

    "Japan Strives to Go Nuclear-Free"

     

    http://nyti.ms/PA8rPP
    30 Aug 2012, 12:42 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2169) | Send Message
     
    wt: I strive to lose 35lbs. About the same chance, I suspect.
    30 Aug 2012, 01:35 PM Reply Like
  • D Lane
    , contributor
    Comments (1350) | Send Message
     
    WTB's Rosewater link was great and then led me to this blurb about lithium ion solar storage:
    http://bit.ly/NZlwC5

     

    "Balqon Corp. announced it’s HIQAP lithium ion batteries are now available to provide backup for photovoltaic arrays.

     

    The company is offering its 12, 24, and 48 volt battery systems and controllers at a price that is cost-competitive with lead-acid deep cell batteries. “We’re actually slightly lower-cost than lead-acid batteries. Plus you have the double-the-life benefits,” said Balwinder Samra, CEO of Balqon. He explained that the lifespan of lithium-ion batteries are calculated in a different manner than lead-acid batteries and have a longer usable lifespan, which he puts at 10 years."

     

    I wish Balquon success but have grave doubts, especially in in non-stationary applications. And I don't quite trust the "lower-cost" part above. He may be deep into the spin zone there.
    30 Aug 2012, 02:53 PM Reply Like
  • JohnM121
    , contributor
    Comments (398) | Send Message
     
    I often hear about the 10 year lifespan of LiOn. My admittedly anecdotal experience with phones and laptops is more like 3 years for devices used regularly. Sellers can be trusted to give the theoretical maximum, not a median or expected values.
    30 Aug 2012, 04:57 PM Reply Like
  • JRP3
    , contributor
    Comments (8013) | Send Message
     
    Balqon uses LiFePO4, you are probably most familiar with LiCo. LiFePO4 can have much longer lifetime, depending on the flavor and use, 2000-4000 + cycles.
    31 Aug 2012, 09:41 AM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    Now that we have an actual price on Axion's Hub, it would be nice if some of these backup storage systems actually listed a price so we could compare it to the Hub. It's easy to say, we now are offering our batteries for solar storage and our price is better than LA without bothering to say there is actually a system to use them and what it costs. IMHO
    31 Aug 2012, 10:04 AM Reply Like
  • jakurtz
    , contributor
    Comments (1930) | Send Message
     
    HTL did you get to see who executed those two 30k sells @ .32 and below. My bet is that it was not NITE and continues to be retail, but wondering if you caught the MM.
    30 Aug 2012, 12:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Jak: I didn't note, but I'm only showing one at 30K+: 33.3K @ $$0.313 at 12:03:22. There was an aggregate 35.4K that traded in the 11:35:16-11:35:20 at VWAP, two buys and a sell. Again, I don't normally catch who did it.

     

    That second one strikes me as two different trades, at least. The two buys where within 3 seconds of each other, so they could be one trade: VWAP $0.319, 26.7K.

     

    HardToLove
    30 Aug 2012, 02:17 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    Hmm, I see that the PbC batteries serves a dual function in the hurricane season. Supplying energy and at the same time securing the HUB does not blow away.:-)

     

    Unfortunately that means plain flooded batteries are even better, at least in keeping the unit at the ground. ;-)
    30 Aug 2012, 12:49 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2169) | Send Message
     
    Poul, it's actually an anti-theft feature. If it takes more than 2 people to lift it onto the back of a truck...........
    30 Aug 2012, 01:37 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    Hello Axionistas,

     

    Stopping in to share: I emailed Tony Karwoski, the Resouce Efficiency Manager at Ft. Meade and asked about Viridity's microgrid proposal using lead-carbon batteries. I've pasted in the exchange:

     

    "Dear Mr. Karwoski:

     

    I am writing regarding the Fort Meade microgrid project
    that you are involved in as REM. I am hoping to check on the current status of that project. In particular, is the Storage/Solar microgrid proposal with Viridity Energy still on track for approval? Is there an estimated time for approval and project start? Has Viridity's lead-carbon battery storage proposal been met with favor or has there been resistance to this technology?"

     

    Reply:
    "Classification: UNCLASSIFIED

     

    The microgrid project you reference has not been approved,  however we are looking at other options which I cannot discuss at this time. Viridity Energy's website should give you more information in the public domain.

     

    All the best,
    Tony Karwoski  CEM
    SAIN Engineering Associates
    RESOURCE EFFICIENCY MANAGER"
    30 Aug 2012, 02:36 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    Lafferty,
    Nice to see you posting again.
    30 Aug 2012, 03:31 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    So I was wondering if the "looming" defense sequestation" stuff might have an affect on this project ... might it slow it down, stop it, speed it up? Who knows?

     

    Found this interesting article

     

    Analyst suggests contractors are bluffing on sequester layoffs
    By Jeremy Herb - 08/24/12 11:45 AM ET

     

    "because on Jan 3rd virtually all contractors will be working on projects and activities where funding has already been obligated and thus is not subject to sequestration,” Harrison wrote in the report released Friday."

     

    civilian employees though ... that's a different matter.

     

    "But the Defense Department’s civilian workforce would quickly face steep reductions of up to 108,000 workers as a result of the potential $56.5 billion cut to defense spending, the analysis found."

     

    http://bit.ly/O6L63T

     

    And no, I don't want to get into a political discussion here. Haven't researched it ... this is just one of the first articles I found.
    30 Aug 2012, 03:38 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4161) | Send Message
     
    For those with shoulder problems, I know quite a few people who swear this works for their shoulders http://bit.ly/PT5DcL
    30 Aug 2012, 03:32 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    I find that this remedy works for a variety of ailments and I've been using it for years.

     

    My recipe is almost exactly the same except that I don't use any raisins.

     

    D
    30 Aug 2012, 04:01 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    I've been known to omit the raisins and add tonic water, a twist of lime and ice. Nine everyday would be a little over the top.
    30 Aug 2012, 10:11 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    A little vermouth and a stuffed olive are much better than a spoonful of sugar when it comes to helping this medicine go down.

     

    D
    31 Aug 2012, 12:20 PM Reply Like
  • alsobirdman
    , contributor
    Comments (374) | Send Message
     
    D,

     

    That's hilarious. Apropos as well, as I sit here in my home office waiting to call it a day and wondering what concoction to start with tonight. Working from home definitely has its advantage.
    31 Aug 2012, 03:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    (AXPW): Quercus back? Volume before close 158,461. AH trade 15K @ $0.3155 (they could've been gracious and put it in before the close, after 15:49).

     

    On another note, buy:sell decided to break pattern today and finished, without the AH trade so far, at 1:3.29.

     

    Up, down, up, down, choppy, choppy - common for this situation.

     

    HardToLove
    30 Aug 2012, 04:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    Quercus has already sold its allotment for the 90 day period that began with it's last Form 144 filing on June 14th.

     

    While it dropped out of the Form 4 reporting regime on July 18th, it won't drop out of the Form 144 requirement until mid-October.

     

    Since there have been no additional Form 144 filings, I'd be very surprised if the A/H trade was Quercus.
    31 Aug 2012, 12:46 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Thanks John. I'd forgotten all that, as usual.

     

    HardToLove
    31 Aug 2012, 05:54 AM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    It looks like Joe Pic at Rosewater is going to go slow initially with the rollout of the Hub. This careful oversight is in keeping with the character Axion has displayed all along the R&D phase.

     

    "The Residential Energy Storage Hub will retail for a pretty $45,000, and Piccirilli says it’s for large homes with $100,000-plus control systems. The rollout will be tightly controlled—the companies are not going to builders and developers yet—and Piccirilli personally wants to oversee the first 10 to 20 installs."

     

    I am finding the article repeated all over the internet. This is the first one I have notice the cut away version and the enclosed cabinet in the same article.

     

    http://bit.ly/S33Mr6
    30 Aug 2012, 06:02 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Jveal: Well, I guess we may see a bit more response to the Energy Hub than we might have anticipated if "it's all over the 'net".

     

    And the prominent mention of Axion's "lead-carbon batteries" might have a little spin-off effect, no?

     

    Seeing that article makes me think we have both a true salesman (getting the hype needed to spark interest going) and a pretty darn good early partner there, just as JP has believed.

     

    Thanks for the link.

     

    HardToLove
    30 Aug 2012, 06:55 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    I've probably a total of $2,500 of electrical devices in my house. I've got to research to see what you could buy for $100,000 just to see what I'm missing.
    30 Aug 2012, 10:20 PM Reply Like
  • DRich
    , contributor
    Comments (4610) | Send Message
     
    >metroneanderthal ... You would be amazed at what the moderately well-off put into their house. During a "waiting on Congress" slow down at Texas Instruments, the group I worked with installed the electronics & security for the retiring board chair in The Middle of Nowhere, NM. Outside there were IR & motion sensors, buried seismographic detectors, multiple cameras & a flood light system to turn night into day.

     

    Inside the house environmental system was zoned with heating & cooling computer controlled by IR, floor pressure sensors to determine the number of people and power dampers. The intercomm system was in every room as was the radio/audio speaker system with individual selection that would follow a person throughout the house. There was also the usual theater, bowling alley, computer golf course & conference room/office. Communications were handled with a hobbyist shortwave radio station with satellite voice, phone & Internet. Plus a state of the art security system with no bell or whistle left out.

     

    All-in-all, the electronics were well north of $1M USD. Believe it or not, his house was one of the more modest bungalows in the area. It had backup generators and UPS system. I'm sure that a Rosewater HUB or 2 would be an upgrade to be considered for its response time alone.
    30 Aug 2012, 10:55 PM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    This is the first link I've seen that really gives the whole "shopping list" of what the system can do and all the different hardware they put into it to make it a complete system. Interesting to note, this one also says that the unit is UL-approved. Either RoseWater is whistling by the graveyard, assuming it will have UL-approval by the time they are ready to start shipping units, or it has gotten approval since the CC.
    30 Aug 2012, 11:06 PM Reply Like
  • DRich
    , contributor
    Comments (4610) | Send Message
     
    >Lab Tech ... I can't speak to all UL certs but in new products put out by the company I presently hang out at can be sped up if the components going into a new product are already certified. If we build a new device with UL listed components UL is only interested in what strings them all together. Makes the odds of getting the process over with quickly with a high degree of success go way up.
    30 Aug 2012, 11:14 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    DR, I clearly just do not dream as big or exercise the consumption imagination as much as the "modest bungalow" folks.
    31 Aug 2012, 12:32 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Drich: All I can say is "Holy Crap".

     

    HardToLove
    31 Aug 2012, 05:58 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    DRich,
    Gee whiz.
    31 Aug 2012, 06:39 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    It seems to me the heart of the system is Indy Power's "Energy Router." I can't help but compare them to ZBB, and I know the delays ZBB incurred w.r.t. UL cert. Maybe it's just web presence incompetence, but if they had UL certification you would think they would say so, and maybe even "shout it from the rooftops."

     

    Nowhere to be found. They finally did add some "news" (with no links to further info) since March:

     

    http://bit.ly/PFfRf8

     

    Here's their news for the last 2 calendar years:

     

    08/17/12— Indy Power Systems selected to present at the 2012 WBT Innovation Marketplace

     

    08/01/12— Notice of Allowance, Patent Application Serial No. 12/687,499

     

    03/09/12— Energy Router™ Integrates Recycled (used) Batteries for Grid Storage

     

    02/01/12— Indy Power Systems selected as finalist for Start-Up America Super Bowl video contest

     

    12/13/11— Indy Power Systems granted patent 8,076,797 on Multi-Flex™ Technology.

     

    08/18/11— Indy Power Systems’ Chief Technology Officer Drew Hintz appointed to Society of Automotive Engineers (SAE) Secondary Battery Use Committee.

     

    08/08/11— Notice of Allowance, Patent Application Serial No. 12/466,247

     

    At least they seem to be getting patents on their work.
    31 Aug 2012, 08:58 AM Reply Like
  • mds5375
    , contributor
    Comments (158) | Send Message
     
    "This careful oversight is in keeping with the character Axion has displayed all along the R&D phase"

     

    I believe that, to this point, Axion has a flawless record for both LABs and PbCs. My guess is that they don't want any mistakes by outsiders (e.g., non-Rosewater installers) causing failures that could feed back into the locomotive or automotive sectors of the business.

     

    I like this approach.
    31 Aug 2012, 09:50 AM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    Join the club D-inv...join the club.
    31 Aug 2012, 10:07 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    >mds... I like it too (remember A123!), but as investors, we need to temper any expectations of big earnings improvement (or publicity inspired price improvement) quickly from this project. But as AXPW investors, we've learned a bit about patience, eh?

     

    And while Rosewater has done their homework (for quite a while apparently) with installation contractors, we must allow for the possibility that feedback from the first few real installations with real customers may lead to some delays as they tweak a little based on what they learned and the feedback they get.
    31 Aug 2012, 10:08 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    IIRC one LAB was returned due to fault of employee who was later made redundant.
    31 Aug 2012, 10:38 AM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    "... we must allow for the possibility that feedback from the first few real installations with real customers may lead to some delays as they tweak a little based on what they learned and the feedback they get. "

     

    Good point, William. In that regard, ISM that the Washington Navy Yard Net Zero minicube (36 batteries) is providing a stream of useful, live info. If delivered on original schedule, Axion would now have six - seven months of operating history spanning some Winter, Spring, and Summer months. But, as is Axion has a month + of operating data. And, I'm inclined to think several HUB's should already be "field tested" before the first one is ever sold to an end-user.

     

    To me, a real question here is how much working capital Axion needs for parts acquisition and assembly of non-battery components of a HUB. If that amounts to $15K per unit, sale of 100 units in a month would need an increase of $1.5 million in working capital to support it. Given an almost certain expiration of solar energy tax credits at year end, but some continuing HUB sales thereafter one should expect an upfront (September & Q4) surge in HUB sales followed by a steep fall off in demand. Such a scenario does not make credit financing of the working capital requirements a particularly attractive alternative.
    31 Aug 2012, 03:41 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    If near-term HUB orders are anywhere near what you give in your example TG will do back flips of joy. Working capital mgmt would be a good problem to have, indeed. Lots of work-around possibilities.

     

    Not sure how Rick's comment squares with Futurist's re: HUB near-term orders/sales.

     

    I keep coming back to orders being more important than sales, to investors. Since RW will be taking orders at the show, they will either have a UL listing or it's ok to take orders without one. Not sure at all what order info we'll get out of RW/Axion, but if they're happy numbers, then I'd think we'd get some info flow. Nothing like orders to spur more orders.

     

    Like that you mentioned solar credits--are they scheduled to expire at YE 2012?
    31 Aug 2012, 05:00 PM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    Since Axion and Rosewater know that we are starving for definite news, they may be very forthcoming with sales info. There should be no pressure to hold info back as with BMW, NSC, and other unknown customers.

     

    The only reason I can understand that may slow sales info is the desire to successfully install a few. If there is a delay for changes, Axion and Rosewater will not have mud on their faces for delaying or losing orders.

     

    If they have followed past practice, the HUB has been through exhaustive testing already.
    31 Aug 2012, 06:19 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    "Like that you mentioned solar credits--are they scheduled to expire at YE 2012?"

     

    Under present law a 30% tax credit for residential solar systems (PV or thermal) through 2016. I don't see that credit surviving beyond the end of the year. ISM the tax credit will go with Obama. If the November election turns out the way I expect, November and December could be busy, busy months for solar systems cos.
    31 Aug 2012, 08:30 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I'm no fan of subsidies, but politically it's much easier to let them expire on their own than it is to go back and change the tax code to eliminate them early. Regardless of whether it deserves the reputation or not, solar power is terribly popular. I think pulling together the votes for a credit elimination would be tough even if Mr. Obama's re-election bid fails.
    1 Sep 2012, 12:13 AM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    John,
    I agree with your premise on getting our government to agree to do anything is politically difficult. The one other possibility would be if the credit is eliminated as part of a larger agreement on reforming the tax code. Both sides have been saying for a while now that the tax code needs to be modified, and as a part of that, certain tax breaks need to be eliminated. Neither is willing to do that this year, during the election cycle, because they are worried if they accomplish "anything" it will give the other side something to claim that they accomplished. That being said, next year we might actually see something get done. Any changes probably wouldn't take effect until FY 2014, but the credit might get eliminated if tax reform does happen in 2013. IMHO.
    1 Sep 2012, 06:04 AM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    'twould be interesting to visit New Castle about now.

     

    Announcement of the 2012 CustomRetailer EXC!TE Award was August 20 (which noted UL certification). September is the announced start time frame for "study on the full impact of widely distributed residential storage on the electrical grid" with "one of Ontario’s largest LDC’s" (LDC is short for local distribution company.) where "The product that will be used in the study is the RoseWater Residential Storage System."

     

    As Jveal reports, the latest story is "all over the net." Me thinks there is a strong possibility Piccirilli's "first 10 - 20 installations" could be on order for Ontario installation. and a Rosewater Energy PR release at the close of CEDIA will "disclose" a double - triple digit order book in hand.

     

    Potential scope for "strategic investors" might expand to include public utility/local distribution companies, luxury home builders. But then, if HUB sales are large early on (August, September) time frame for a capital raise might extend a quarter, particularly if NSC takes delivery on batteries for NS999.
    30 Aug 2012, 09:38 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2384) | Send Message
     
    Yes, RoseWater has been talking about an Ontario niche. There were some press releases a while back on that, IIRC.
    30 Aug 2012, 09:48 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    I know nothing about the potential market for the HUB. However, I would be pleased as punch if over 50 units were sold by end of CY 2012. I would be also be pleased with anything over 100 units for CY 2013. Don't know where my hopes fall with relation to Axion/Rosewater expectations.

     

    In my limited way of thinking, 100 units would represent an average of 2 HUBs per state. I would think that possible. (** I understand this would not be the distribution of sales, but just my limited, neanderthal way of looking at sales volume.).
    31 Aug 2012, 10:06 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2384) | Send Message
     
    At the shareholders meeting, there were no promises or expectations of 2012 Hub sales. I don't remember the exact wording, but it was something along the lines "maybe possible at the (very) end of Q4"

     

    One holdup is UL listing. My understanding is that no Hubs could be installed until UL approval, and that approval was possible in 2012, and definitely not expected/guaranteed.

     

    Not trying to be pessimistic, just keeping expectations aligned.
    31 Aug 2012, 02:24 PM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    Rick,
    Understood. I just find it interested that we have now seen multiple PR releases that say the unit is UL-approved. I find it hard to believe that RoseWater would be so careless if it isn't true?
    31 Aug 2012, 04:01 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    I'm wondering what slice of the pie will Axion get if the MSRP of the HUB is $45,000. My inexperienced guess would be 30,000 Axion, 7,500 Rosewter and 7,500 end retailer. Maybe someone with experience with this type of sales channel could provide a more educated estimate?
    31 Aug 2012, 09:51 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2384) | Send Message
     
    LT, I saw _one_ press release, that said the Hub announced at CEDIA has/will have UL listing when it is available. If any firm orders are written at the show, the item delivered will have UL listing, not that the present exhibition model actually is UL listed. I definitely have not seen "Axion Hub is now UL listed!"; if you have, please link.

     

    Some people may see this as slightly misleading (or "careless"), but if, as I strongly assume, RoseWater will not sell, ie, deliver, until it has UL listing, I see no problem with the announcement.
    1 Sep 2012, 07:55 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Just to follow up on this Ontario thread - the below is from Rosewater's news page. I think this study will be a very powerful sales and marketing tool but its only starting now and won't be completed until Q2 2013. Perhaps there will be preliminary results that Pic and others can communicate verbally within sales channels.

     

    May 2012

     

    RoseWater Energy Group to work with major Ontario LDC (Local Distribution Company) to study distributed residential storage.

     

    RoseWater Energy Group is pleased to announce that in conjunction with one of Ontario’s largest LDC’s, is sponsoring a study on the full impact of widely distributed residential storage on the electrical grid. The study will encompass the effect on rate, reliability, maintenance, and power quality. The ultimate goal is to determine the full financial value of residential storage. The product that will be used in the study is the RoseWater Residential Storage System. The system incorporates Axion Powers revolutionary PbC batteries and is designed as a “plug and play” device that will also incorporate renewable energy sources as well as grid connections.
    “We’re encouraged with the overall market acceptance we have been receiving and to have an LDC of this caliber be willing to partner with us, says a lot,” said Joe Piccirilli of RoseWater.

     

    “Storage is a key enabler for wide spread implementation and proliferation of green energy sources. Widely distributed storage would allow utilities ultimate flexibility and help create a smarter smart grid.”, added RoseWater’s Mario Bottero.

     

    The study will begin in September of this year and will be completed by the second quarter of 2013.

     

    “This study is geared towards the implementation of the residential Cube in a much larger scale,” added Joe Piccirilli. “None of this will impact our current marketing and selling strategy which we expect to be quite robust when we hit the market later this fall.”
    1 Sep 2012, 10:33 AM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    Rick,

     

    JVeal's link above is the one I'm citing where it says that the Hub is UL-approved. Here's the link again:

     

    http://bit.ly/S33Mr6

     

    The specific quote from the article says:
    "The system will be capable of paralleling up to five units to extend the total power and energy storage capability to 50 kW/60 kWh. System configuration is for a 110/220 split-phase electrical service. Three units can be connected to provide 220 VAC 3 phase. It is UL-approved and packaged in a NEMA 3 rated outdoor enclosure with an 1,800-pound battery system, ventilation fans and ducting."
    1 Sep 2012, 03:12 PM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    Rick,
    I did some follow-up, and you are correct.
    2 Sep 2012, 03:11 PM Reply Like
  • nummik
    , contributor
    Comments (69) | Send Message
     
    I wrote a small comment regarding Axionpower for this article

     

    http://bit.ly/PwHTun

     

    feel free to correct or add your deeper knowledge.
    31 Aug 2012, 08:48 AM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    nummik,
    I finally found what I think is your post on the battery performance article listed above. The post was under the name "sorry" near the end of 122 comments.

     

    You did not give a lot of detail, but any positive comment that points potential investors/customers to the Axion web site is good!
    31 Aug 2012, 10:14 PM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    nummik,
    I registered and added some more comments about Axion. I related a little more detail about BMW, NSC, Energy Hub, and the power cube. I did not add a lot of technical detail. I will leave that to others who are more qualified.
    31 Aug 2012, 11:22 PM Reply Like
  • nummik
    , contributor
    Comments (69) | Send Message
     
    Sorry that I did not link to the comment itself, yes it is short but I thought the article could need a mention of Axion Powers products.
    1 Sep 2012, 05:02 AM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    nummik,
    I got a response to my post on the Oil Drum battery performance article. I posted a link to the web site that Bang has developed for us.
    http://bit.ly/rXixeb
    It is the single most valuable link to post so that others can get all the info they could ever want on Axion.
    Thanks to Bang for making it so easy to provide all of this info!!!!
    1 Sep 2012, 08:18 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    8/30/2012: AXPW EOD stuff copied (partially) from instablog (up in about 30 minutes).
    # Trds: 30, MinTrSz: 150, MaxTrSz: 33300, Vol 173461, AvTrSz: 5782
    Min. Pr: 0.3110, Max Pr: 0.3297, VW Avg. Tr. Pr: 0.3155
    # Buys, Shares: 14 51912, VW Avg Buy Pr: 0.3190
    # Sells, Shares: 16 121549, VW Avg Sell Pr: 0.3140
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:2.34 (29.9% “buys”), DlyShts 29517 (17.0%), Dly Sht % of 'sells' 24.28%

     

    Daily short sales continues to trend down, as well as the “Dly Sht % of 'sells'”, which I don’t yet know how useful that might be. I did take a brief look at price trends and there is a possibility that when this is trending up price declines. And the inverse seems a good possibility as well. But that’s just based on a brief look at two months and shouldn’t be given much weight right now.

     

    The expected volume decline trend has continued. This has been generally accompanied by price compression, as expected, but there’s been a small change recently. Through the 22nd, the low, high and VWAP were converging and became very close. On the the 23rd the high began to diverge from the low and VWAP substantially. The VWAP moved to a median point between the low and high briefly and then collapsed to near the low again as both trended down.

     

    But the high has remained “elevated”, relatively, and hasn’t demonstrated a lot of weakness in spite of the less favorable buy:sell ratios recently. An increasing price spread, especially with falling volume, is one of the indicators that a change in behavior is (quite?) near. By itself it doesn’t suggest direction.

     

    Being we had a run from a low of $0.28 (but do keep in mind that only a few shares hit that level) to $0.34, this seems a normal re-trace. If we apply some traditional TA trend lines, we see a triangle formed, symbolic of short-term consolidation, which often terminates in a break to continue the prior trend. We’ve come back to very near the “mean” of, say, $0.29-$0.34 and the two most likely scenarios, I think, are a brief sideways move (but quite optional) followed by a resumption of trend up.

     

    I would like to hang my hat on a price rise portended by a falling daily short sales percentage, but my experimental charts clearly show that there is no reliable correlation there. In February, shorts trend down with price. In March the average level of shorts moved up, spiked and trend down again. What happened to price? Flattened and then rose substantially. Through April, shorts and price were both sort of “flattish”. In May shorts sales rose and price fell. In June short sales moved higher, but became very choppy spiking several times and making a generally down trend as time passed, (Mega-C shares entering?) and price fell. Ditto for July.

     

    Now, in August, we observed low short sales in the first half of the month, choppiness with a couple very high spikes and a following trend down. During this period price first continued down, then rose.

     

    So for now I only think it tells us that a change (reversal, rate change of trend?) is in process. Other than that, I don’t hang much weight on the actions of daily short sales relative to price action, although I had been looking at that possibility in the past and thought I might have seen something. It seems most likely now that it’s just indicative of a change in price behavior. I am however going to be looking at a possible “T+3” relationship which might yield something of use. Since the daily short sales are predominately a market-maker mechanics effect relating to sell orders, covering buys and DTCC clearing operations there ought to be some intelligence buried in there that may be useful.

     

    Not much to add – we’re doing what we’ve been doing, which is making small moves and pauses. All things considered, I’m still leaning towards a grind upwards.

     

    I’m leaving the “Dly Sht % of 'sells'” stuff out of the APC post, but it can be found in my instablog if you have an interest.

     

    HardToLove
    31 Aug 2012, 09:03 AM Reply Like
  • D Lane
    , contributor
    Comments (1350) | Send Message
     
    Has the Battery Bubble Burst?

     

    http://bit.ly/Oy7cNA

     

    Appears to be a great overview of themes that most here are familiar with.
    31 Aug 2012, 10:08 AM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    D Lane,
    Probably one of the most thoughtful articles I have read that really puts the state of battery technology out there for the EV automotive industry. About the only thing that was only slightly touched on, but which John has pointed out, is the cost of the upgrade to the electric grid that would be needed to charge PHEVs and BEVs at home. Not at the generation point, but for all the local transmission lines.
    31 Aug 2012, 11:21 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    It's always nice to see organizations like the APS printing articles that generally support my concerns over various issues.

     

    I love the Moore's Law discussion at the end and intend to plagiarize it in the future because it's a critically important point.
    31 Aug 2012, 12:15 PM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    John,
    I think most of us assume that the author plagiarized it from you, since you've said basically the same thing for years now.
    31 Aug 2012, 01:59 PM Reply Like
  • D Lane
    , contributor
    Comments (1350) | Send Message
     
    LabTech, I too thought it was thoughtful and comprehensive but still for a lay person like myself.

     

    Regarding the Moore's Law language, it has become very familiar to readers of JP, but the explanation given does have a different flavor.
    31 Aug 2012, 02:26 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    Not much volume to talk about, but pleased to see on the offer side the end of the .315 neighborhood after a few trades there.

     

    Now offering:
    NITE 5K@.32
    ATDF 5K@.325
    PUMA 5K @ .33
    and a few folks "buying up" at .32

     

    And it's the Friday before Labor Day ... won't read much of anything into today.
    31 Aug 2012, 10:18 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Wtb: Now if ATDF and NITE customers will just quit shoving each other to get to the head of the line, for the *whole* day, we might see some stability, even at low volume. This would be one of the ending signs, after a little volatility, that movement is pending.

     

    MHO,
    HardToLove
    31 Aug 2012, 10:27 AM Reply Like
  • RBrun357
    , contributor
    Comments (786) | Send Message
     
    HTL

     

    Do you think that the "ending" can actually occur without NITE running out of their endless shares? I am thinking that until NITE and maybe ATDF empty their behind the 5k ask endless basket of shares we won't be able to apply too many chart tech's with this trading pattern!
    I am thnking that we need to have a bunch of new buyers to show up and just take them out of their positions and then we will be able to start applying more tech to the story.

     

    Only thinking!!

     

    357
    31 Aug 2012, 10:49 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    Who knows, maybe we've got a few folks selling to pay for upcoming big bills ... addition on the house, college, whatever.

     

    New buyers, or ...

     

    sellers waking up and saying "Why am I giving this away?" !!!

     

    or even why am I giving this away .005 from my nearest "competitor?"

     

    Folks can wise up and walk the best offer up too. If the offer-ers ever had anywhere near the patience of the bottom feeder bidders, things might get interesting!

     

    They could even believe there's not an ENDLESS supply just below me, and I'm not going to grab on and jump over the cliff with my "opponent" in a downward spiral.

     

    I'm reminded of parents who let their children train them :-) We need a few more adults in the room!
    31 Aug 2012, 11:04 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    Weddings, divorces ...

     

    (and yes, I realize AXPW is far from your typical college fund stock ...
    unless you've waited way too long and decided to roll the dice ...)
    31 Aug 2012, 11:23 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4161) | Send Message
     
    for those of us with kids under 3, college fund stock seems like a reasonable aspiration
    31 Aug 2012, 11:33 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    357: Yes. But that's because I'm convinced that our erstwhile "big sellers" are predominately exhausted at these levels. So I believe we have the retailers, mostly, that might have got in ~$0.29-$0.30 wisely taking some profit. N.B.: "wisely", from their risk management POV I think.

     

    This means that we *should* be seeing grind up commencing ...

     

    Speak of the devil!

     

    VFIN came in with bid 90K $0.32, now ATDF jumps ahead with bid $0.3201 (combative little devils, huh?) and asks are "standard" 5K x 2 $0.325 from NITE and ATDF.

     

    Certainly one instance doesn't *make* a trend, but it takes that to *start* one.

     

    This is only the second(?) recent occurrence where we've seen the ask move up in coordination with the bid doing the same?

     

    And I *do* like VFIN's size and now ATDF is 30K.

     

    Last, *if* and *when* the big sellers are out, as I believe them to be, we have *h00m0ns* who watch and adjust rather than institutions just throwing shares out at whatever price they pre-determined, or time-frame they pre-determined.

     

    IOW, it becomes a true "market environment" again with "negotiated" prices.

     

    All with the usual ignorance, supposition, deduction, etc.,

     

    HardToLove
    EDIT: I *am* concerned that Special Situations, whom I worry has converted to "swing trading", may come back and interrupt positive moves.
    31 Aug 2012, 12:58 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Well, NITE sold about another 80k or so, like they have on a lot of days recently as I've mentioned. Sorry to beat an almost dead horse, but I keep seeing the same thing. Seems to me then that's from a big seller, but we don't have enough data to know. Either way, dats a lots of shares--a million or more? Does someone provide a record of buys and sells by MM? That could be interesting in adding things up.

     

    Forgot to include VFIN in my recent post about the active MMs. They've bid some nice chunks recently. Great to see.
    31 Aug 2012, 01:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    MrI: Don't forget that NITE is (one of?) the biggest MMs out there. They service a *lot* brokerages, e.g. ETrade and TD Ameritrade that I know of. So their *aggregate* volume should be very high and should account for a *lot* of shares even when they may not have a "big" customer behind the sell orders.

     

    When I get time (again? I thought I started last December) to look at the monthly short sales transaction tapes we might be able to see something. But the OTC we see daily is only through FINRA's ORF (Over-the-counter Reporting Facility)and the only MM shown there is "O", which I believe is a result of the OTC residing on a NASDAQ platform that only shows one code, "V", for all bids, asks and trades. Used to have a code for bid/ask and another for trades, but that's changed and wouldn't help anyway.

     

    HardToLove
    31 Aug 2012, 01:56 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    "for those of us with kids under 3, college fund stock seems like a reasonable aspiration "

     

    :-) And for those of us with young grandchildren.
    31 Aug 2012, 03:48 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    NITE is not capible of getting this stock under 30.5, in fact 31.5 has held the last two days. i think the sales are a group of smaller guys as they've jumped infront of my <20K >10K orders to sell. i left the house today with a buy at 31 cents for<10k and hoped i'd return from a day of card playing with more AXPW. i did not get filled.

     

    who cares who is selling if they can't break support?
    1 Sep 2012, 01:29 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I have a very different view of the FINRA short data than HTL and think it provides incredibly useful information. I've never heard of a market maker that carried a significant long or short interest in an OTCBB security because all those positions are haircut to zero whenever FINRA does a net capital audit. That means they can't afford to carry inventories (long or short) even if they wanted to and every MM's goal is to finish every trading day at zero.

     

    Since MMs don't carry long or short positions, the primary source of FINRA shorts is stock that was sold in private placements moving into the street. If you know how many private placement shares there were to begin with and subtract the cumulative FINRA shorts from that total, you get to a very reliable estimate of the number of shares left in the hands of legacy holders.

     

    My theory for the last two years has been that legacy holders moving out of private placement shares has been the primary cause of the disparity between business fundamentals and stock price. During that period, cumulative FINRA shorts have represented a whopping 2/3 of total sell-side transactions and normal street holder transactions have only been 1/3 of the sell side activity. When the number of shares in the hands of legacy holders who want to sell hits zero, I think 2/3 of the sell-side activity will evaporate overnight and completely change the supply and demand dynamic.

     

    While my estimation methods are admittedly crude, I continue to believe we'll hit the zero point before the fall equinox.
    1 Sep 2012, 02:10 AM Reply Like
  • LabTech
    , contributor
    Comments (1777) | Send Message
     
    John,
    If we agree with your premise, then who do you think is selling among the legacy group? We know Quercus is out until mid Sept, Special Sits is out of their original placement stock, and you have made previous statements to the effect that you didn't think Blackrock was liquidating. Are you changing your mind on Blackrock? If not, who else?
    1 Sep 2012, 06:11 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    "That means they can't afford to carry inventories (long or short) even if they wanted to and every MM's goal is to finish every trading day at zero".

     

    One of the ways it can, and does IMO, work.

     

    - Broker Sell Order -> MM.
    - MM buys at "low price".
    - MM does short sale at "high price".
    - If later price doesn't make covering buy attractive: MM remains short; T+3 or so shares backing broker sell orders arrive into MM control; DTCC "nets" position; MM in 0 position; has net trades profit plus any exchange incentives.
    - If there's enough selling pressure though, price drops.
    - MM *optionally* "covers" shorts at low price.
    - MM is now effectively market neutral (IOW 0 exposure).
    - DTCC "nets", MM still 0 exposure.
    - In T+3 or fewer days (usually) shares backing broker sells -> market-maker.
    - MM is long shares.
    - Cost is price paid less short sale price plus cover price (paid price likely less than short sale price and cover price likely less than short sale price) less any incentives.
    - MM sells long position for additional profit (making sure market price remains at or above some profit point).
    - MM has 0 exposure.

     

    MHO,
    HardToLove
    1 Sep 2012, 07:43 AM Reply Like
  • jakurtz
    , contributor
    Comments (1930) | Send Message
     
    1. Is there any FINRA data prior to may 2010 when the lock- up period for the 2009 placement expired and the estate began selling?

     

    2. The total FINRA through jan. 2012 was 37 million. The 2009 private placement was 45 million plus Quercus' 8M makes 53M. 37-53 = 16M. Do we know if there has been 16M shares registered as FINRA shorts since Jan. 2012?

     

    This assumes that all 2009 placement investors have sold, possible if some of them got in on the 2012 offering, we know SS did.
    1 Sep 2012, 08:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    Every single one of those transactions reduces the MM's net capital for regulatory purposes by the total amount of the trade. They're all possible in theory, but they don't happen in practice when the MM has to take a 100% haircut for regulatory purposes.

     

    Maintaining requisite levels of regulatory net capital is critical to MMs, which is why Knight's stockholders were almost wiped out a few weeks ago when its capital got impaired and it had to seek new money instantly.

     

    This is deadly serious stuff and only rogue software or rogue traders expose capital like that.
    1 Sep 2012, 08:42 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    From April 1, 2010 through yesterday the cumulative reported FINRA short was 51,490,738 shares, which broke down as follows:

     

    2010 – 5,247,788 shares
    2011 – 28,606,288 shares
    2012 – 17,636,662 shares

     

    My starting point for the supply side calculation was 57,619,470 shares including 3.3 million shares held by FURSA and the bankruptcy trustee in 2010, 8.6 million shares held by Quercus and 45.7 million shares from the 2009 placement.

     

    Yesterday's count leaves me with about 6.1 million shares that haven't moved. Quercus is about 0.8 million that we'll see in Q4. The 5.3 million balance is 2009 purchasers, including individuals, Manatuck and Blackrock. We will never know the *who* because nobody reports that information, but we most certainly know *how many.*
    1 Sep 2012, 08:59 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I've said we can't know what Blackrock is doing because they're in the same non-reporting class as Manatuck Hill and the individual 2009 purchasers. I was encouraged when Blackrock got its Big Kahuna on the last conference call to ask probing questions. What they decided based on the answers is unknowable. At the end of the day I don't worry about the *who* because the only relevant question is *how many more* Given the absence of serious pushing and shoving at the pay window for the last couple months, I think we're down to one larger seller that's almost out of stock.
    1 Sep 2012, 09:14 AM Reply Like
  • pascquale
    , contributor
    Comments (117) | Send Message
     
    Do the February placement shares follow the same path (FINRA reporting)?
    1 Sep 2012, 09:16 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    JAK: Shorts by month 2012:
    Jan. 5093266
    Feb. 2520026
    Mar. 949567
    Apr. 1361414
    May 1310411
    June 1053848
    July 2240376
    Aug. 3055946

     

    Tot.: 17,584,854

     

    ETrade reports 113.2MM shares, 13.68% (~15.49MM) institutional holdings, float 98.2MM

     

    Nothing available AFAICT for before 5/2010.

     

    HardToLove
    1 Sep 2012, 09:26 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    No. The February shares were sold in a registered direct offering and could be immediately deposited into street name with no further fuss, muss, bother or documentation.
    1 Sep 2012, 09:41 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I have the data for April 2010, which I think I got from you, but I don't have anything from earlier periods. If you can find a way to get the data for prior periods, I'll be happy to back test it and see what I come up with.
    1 Sep 2012, 09:44 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    John: My only source has been FINRA. They don't go back any further that I can see, There's probably another source in sombody's archives, but I've not stumbled across it so far.

     

    You're correct - I do have April, but that's as far as I could get when I discovered the source. It looks like FINRA drops periods as they roll forward as the (apparently) oldest now available is 9/2011.

     

    I just got lucky that I started when I did and could still get some of that older stuff.

     

    HardToLove
    1 Sep 2012, 10:13 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    It would be wonderful if we could get data for the out years, but since you introduced me to the metric I have no idea how to go about getting it. It's up to you MDW (Mr. Data Wizard).
    1 Sep 2012, 10:28 AM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1081) | Send Message
     
    Just change the address of the file corresponding to the date, example
    http://bit.ly/NDIwqi

     

    Unfortunately, it is the first day for which data seems to be available (so you can get three extra months). With a bit of work, I could automatically extract all the data if you guys need that.
    1 Sep 2012, 12:52 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Nicu: thanks for that link - I never thought of trying for what wasn't shown on the web site.

     

    I already have programs (bash, wget and (g)awk scripts actually) I've written that retrieve and calculate the data.

     

    I'll go ahead and pull the data for Jan-Mar 2010 and at least I'll have that in case I ever need it.

     

    Thanks again,
    HardToLove
    1 Sep 2012, 01:05 PM Reply Like
  • thotdoc
    , contributor
    Comments (1696) | Send Message
     
    I know I am speaking for all of us when I thank you for the time and effort you put into explaining 'things' to us.

     

    HTL, that goes for you, too.
    1 Sep 2012, 03:57 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Manatuck Hill's private placement "7,200,000 shares were transferred to street name on 6-3-2010", per Axion's proxy filing dated 4/25/2012. Assuming that means those shares will/do not show on the FINRA short reports (as they are normal registered shares, no longer in paper form), subtract them from the FINRA report share remaining pool total. 6.1 million - 7.2 million = (1.1) million. But the FINRA reports keep reporting short shares. Something's amiss.
    1 Sep 2012, 05:13 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Oh, and subtract the pre-4/2010 FINRA short sales, too, if any. When were the 2009 private placement shares registered? We only have to go back to that date, right? Unless there were any private placements before the 2009 deal that we need to consider.
    1 Sep 2012, 05:46 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    Private placement shares are odd ducks because even if they're moved into brokerage accounts there are still regulatory compliance steps that have to be satisfied when they're sold and the brokerage firm that holds the shares will keep them specially flagged as long as they're owned by the original holder.

     

    The difference is *who pays the lawyers* If stock is in paper form the issuer generally pays its lawyer to do the necessary work as a courtesy. If the stock is in electronic form the selling stockholder has to assume his own costs of regulatory compliance.

     

    Either way, when shares that are sold in a private placement are resold pursuant to a registration statement, a lawyer's opinion is required and the prospectus delivery requirements of the Securities Act have to be met. It's all pretty transparent to the market, but the delivery to the market maker isn't *good delivery* until the paperwork is done.
    2 Sep 2012, 01:23 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    The registration statement for the 2009 private placement shares went effective in April 2010, which is why I've always keyed on that date. Axion financed its activities from 2003 forward with a series of private placements. When FURSA wrote a $2 million check in 2006, it was Axion's first big fund holder. Quercus was the second in 2008. Everybody else that owned stock before 2009 is in the founder, officers, directors, friends and family group and we all know each other. We're all in at average prices well north of $1 per share and nobody is in any rush to sell.
    2 Sep 2012, 01:29 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    To make sure I understand, 6.1 million shares is a good estimate of the number of private placement shares left that have not yet sold, that are not in "permanent hands"?

     

    If that's so, some of the implications:

     

    1) Using FINRA's short data, the average short volume = 118k shares/day for the last 30 days, which = 52 trading days to cover the 6.1million shares private placement supply, IF it is all sold. That puts the private placement (therefore excludes Special Sits) selling exhaustion date as late as mid-November. That's farther out than I thought, by a couple of months. The saving grace from that date would be if a big chunk of that 6.1 million shares is not sold anytime soon. We had some pushing and shoving again a couple of weeks ago, but in the past week it's toned down mostly to NITE and ATDF. IMO for the most part ATDF represents retail owners and NITE institutional.

     

    2) Manatuck Hill has, at most, 6.1 million shares, therefore they have sold at least 1.1 million shares, although we don't know when. So they've cracked--they're not "all-in" anymore.
    2 Sep 2012, 01:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    In addition to the four big buyers in 2009, there were 47 individuals and small funds that bought a total of 14.4 million shares. The odds that all 47 investors were *weak* are remote beyond reckoning. Since Axion went back to the same well for the 2012 registered direct offering, I think we have a clear indication that TG was happy with their behavior.

     

    I don't believe the FINRA data is precise enough to draw any conclusions about what a particular holder has or has not done. In March of this year I got a broadcast e-mail message from the Manatuck manager I met in Istanbul who advised all his contacts that he was leaving the firm. His tone suggested that the move had been carefully planned. Given the makeup of Manatuck's portfolio I wondered at the time whether they might be sellers and that was one of my reasons for trying to do some back-channel investigating and perhaps put together a buying syndicate. Unfortunately I wasn't able to get any more information.

     

    I agree that 6.1 million is the outside potential number if you want to assume a complete wash-out of the 2009 investors at something approaching a 50% loss from their $.57 purchase price, but my experience with private placement buyers is that a third to half will always be swinging for the fences. I continue to believe that the selling can't continue through the end of the summer - e.g. the fall equinox on September 22nd.
    2 Sep 2012, 02:17 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Your points seem reasonable to me. Thanks.

     

    One of the only other wildcards left is the future behavior of the 2/3/2012 placement purchasers. If we were still below 30 cents and trending down I would expect that some shares would be sold for tax-loss purposes, later in the year. But anywhere reasonably close to 35 cents like where we are now is not an issue. Given the large size of the placement, it's something to keep an eye on.

     

    I'll conclude by mentioning the buy side, which often gets under-discussed. The large number of pros on the CC, the purchases by new Axionistas who have posted here, the building fundamental biz momentum at the Company, and the seeming bottoming of the sector, combined with the near-exhaustion of the big sellers strongly suggest to me that large selling will soon be replaced with the opposite.
    2 Sep 2012, 02:51 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    FWIW, I sent the APH a new set of charts through Friday and found it very interesting that the 10-day VWMA moved up through both the 20-day and the 50-day averages last week. The values are all within a fraction of a cent so it's pretty inconclusive, but the last time the 10-day penetrated the 50-day was in early April.
    2 Sep 2012, 03:26 PM Reply Like
  • 481086
    , contributor
    Comments (3447) | Send Message
     
    From my own perspective, I would say that what remains most intriguing in the near-to-medium term is the prospect of those strategic investment(s)... The timing--the confluence with all the slow-cook testing and development works that would at long last seem to becoming nearer to decision points for the major customers. The big tantalizing question in my mind is the possible relation between the two. Who is nearest to a major decision point with regard to PbC who might also make a significant strategic investment as part and parcel of that commitment? Could even such a thing as the mythical three-way perhaps be in the offing with a suitable manufacturing partner? What would it take for such a deal like that, the very antithesis of a Mexican Standoff, to actually come together?

     

    Let A= Axion, B=Battery company, C=Car company

     

    A wants to sell its product. It wants very much to sell to C, but needs money to expand production, and needs B to help deliver product and share tasks and burdens. A wants to maintain its independence, yet needs sales to secure its own success. A is vigilant as to the dangers of ceding too much power over its destiny to a larger entity.

     

    C very much wants A's unique product, in order to secure its own competitive advantage. C has the money to invest in A to ensure production, but strongly desires, if not insists on, an entity such as B's involvement to minimize performance risks as to quality, volume, and schedule... C also sees benefit that B participate with a financial contribution of its own to spread risk, further align interests, and help assuage independence concerns A may have.

     

    B wants sales to C and sees potential of gaining significant foothold with a unique product in an important niche application, with the potential of cementing a leading position in what is likely to be a vast future market . Partnering so deeply with A opens the doors of C to B. B is in this unique advantageous position due to its longstanding relationship with A. B sees continued symbiotic relationship with A as a win-win for both companies to achieve respective goals with minimal competitive tensions. B has relatively modest funds for strategic placements and must be judicious about major moves, but with extensive first-hand knowledge of A, judges the opportunity to be well worth the risks. B is therefore willing to participate and is prepared to be as flexible in level of commitment as is necessary to bring the deal together.

     

    In short, A is now ready, B stands ready, and C is hopefully progressing towards its positive decision point / check-writing ceremony...

     

    Now for pete's sake C, go ahead, make our day! ;)
    2 Sep 2012, 04:08 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    The other thing that's worth noting is that the dynamic is very different when a block of shares are held by several individuals instead of a single entity. When the entity makes a decision it's a large one. When individuals make decisions they're small ones. Even if individuals have comparable goals and strategies, the odds that a significant percentage will make the same decision at the same time is quite remote.

     

    If you think about the Axionistas, they've bought a huge number of shares at pretty low prices. I expect people to sell at a variety of points as the price moves. The probability that a large percentage will sell at the same point, however, strikes me as very small.
    2 Sep 2012, 04:20 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    We're entering a realm of infinite possibilities. Consider the position of B2 and B3 who wonder whether B might edge them out of a particular market, or C2 and C3 who wonder whether C might soak up available supplies for a couple years. As the time to make a decision draws near, the desire to ensure that somebody else won't make the decision for you takes on a life of its own.

     

    Strategic relationships forged too early invariably create the risk of a big fish inviting the small fish to dinner. When the small fish has grown a sharp set of chops the terms are usually more palatable.
    2 Sep 2012, 04:29 PM Reply Like
  • 481086
    , contributor
    Comments (3447) | Send Message
     
    There's nothing like a (day)dream with so many happy branching subplots... ;) Thus even more would the timing (and mention) of strategic investment(s) seem propitious. Are potential counter-parties starting to feel a mutual sense of urgency as John so elegantly suggests? If so, why now, and why this talk now, and not before? What is different than last year? This intrigue is killing me. But perhaps this means that Axion's permanent teeth, and maybe even its prize vegetable garden, might be finally coming in at last...
    2 Sep 2012, 06:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    Over the last couple months the PbC has completed two first tier testing programs. BMW sent their testing results to a third-party for confirmation. NS has been doing double redundant work since day one and they simply ordered a half million dollars of batteries. The odds are pretty good that both companies have prepared detailed final reports.

     

    These testing programs are the industrial equivalent of the military's *Special Forces Schools* They're designed to weed out all but the very best. During the testing process you're just another grunt who knows he hasn't failed yet, but knows that each new day is a new challenge. The day after you graduate is a different world.

     

    Now imagine graduating from two Special Forces Schools as a free-agent that could choose between a half dozen military organizations and a half dozen more private contractors.
    3 Sep 2012, 12:13 AM Reply Like
  • bazooooka
    , contributor
    Comments (2774) | Send Message
     
    "The odds are pretty good that both companies have prepared detailed final reports."

     

    John, do you expect the stock to react at all to the public detailed reports that will be presented? It seems like back in 2010 the stock made a quick run up near 50% around the ELBC conference. Can we assume that there are those with deeper pockets than the typical Axionista in attendance (and presumably those people will be ready to react to the information that comes hot off the press)?
    3 Sep 2012, 04:28 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I'd be surprised if the final reports from BMW and NS were published because they are certain to include highly proprietary data and other information.

     

    That being said, I'd also be surprised if Axion didn't have all the data and test results that BMW and NS relied on. While it probably can't share *customer proprietary* data and reports with other potential customers, it can certainly share it's own data on the tests that were performed and the results that were achieved.

     

    BMW and NS effectively started with a blank slate. They each performed the same kinds of tests, but used different parameters to judge success or failure. Axion duplicated all of their work, and did some more of its own on the side.

     

    After three years of work, the slates are full and they're sitting on huge piles of documentation. A new potential customer that walks through the door doesn't need to reinvent the wheel. He only needs to audit and reconfirm the work that's already been done. That's basically what TG described as the Asian automaker's plan.

     

    As an investment class, storage hasn't crossed the chasm yet. It's still the province of early adopters with low walls of worry. Most conferences I've attended over the last couple years have had a very healthy representation from the investment world. It's impossible to say whether the ELBC will knock a few more of them off the fence.
    3 Sep 2012, 05:34 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    There's not only the ELBC, but several other conferences/events over the next month or so. Axion is a better investment story than ever. Only takes a few, or even one, heavy hitter to move the needle on the stock, especially if the big selling's done or about so. My guess is we get at least some new money.
    3 Sep 2012, 09:58 AM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    "John, do you expect the stock to react at all to the public detailed reports that will be presented? It seems like back in 2010 the stock made a quick run up near 50% around the ELBC conference."

     

    IMO, AXPW share price is unlikely to appreciate much at this point in response to anything other than commercial sales. By September 25 we should have some indication of whether or not Axion's HUB will sell to anyone other than Rosewater Energy/Ontario local distribution company and NSC will have asked for delivery of the PbCs ordered in April (or something is amiss). Vani Dantam will have been on board eight months, enough time to produce something visible to shareholders besides a new PowerCube video clip.
    3 Sep 2012, 01:20 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I just received the final program for ELBC 13 in Paris. You can download the complete program from my Dropbox:

     

    http://bit.ly/NBgVpG

     

    My presentation is scheduled for 10 a.m. on the first day of the conference and frankly I'm honored by their timing decision.

     

    Enders Dickenson is scheduled at 3:45 p.m. on the second day.

     

    After reviewing the schedule in detail, I'm really excited about this opportunity to get a much closer look at what everybody else is doing.
    31 Aug 2012, 10:41 AM Reply Like
  • RBrun357
    , contributor
    Comments (786) | Send Message
     
    JP

     

    Thanks for the final program and I am very impressed with your scheduling also, you are definitely my HERO! :-)

     

    I am certain that you will impress your listeners as always, the only thing I regret is that I will not be able to witness it in person!

     

    Enjoy,

     

    357
    31 Aug 2012, 10:54 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    I don't suppose any of these are being recorded, are they?

     

    I would sure love for yours and Enders' presentations to be out there on YouTube telling the world yet again about the problem and the solution.

     

    D
    31 Aug 2012, 12:16 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I don't know whether video will be possible, but I promise I'll share my PowerPoint with the troops, and hopefully a bunch more. For ELBC 12 all the participants were given electronic copies of the presentations a couple weeks after the event. I expect the same this time around.
    31 Aug 2012, 12:53 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Congrats JP! Want a larger TFH from my stock? ;-))

     

    I can't so how pleased I am to see knowledge, intelligence, realism and "sweat equity" rewarded so!

     

    You've earned distinction, no doubt about that.

     

    MHO,
    HardToLove
    31 Aug 2012, 01:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    I'll be impressed when somebody offers to pay me for speaking at a conference like the ELBC. Till then I'm just honored.
    31 Aug 2012, 01:27 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Mr John:
    My most sincere congratulations, I wish you luck in your presentation.
    Carlos.
    31 Aug 2012, 04:04 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Mr John, one question:
    They canceled the first day of work?
    Dynamic Charge Acceptance Workshop

     

    Prior to the conference, on the afternoon of Tuesday 25 September, there will be a special Technical Workshop to discuss Dynamic Charge Acceptance.
    Thanks
    Carlos.
    2 Sep 2012, 06:45 PM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    The DCA workshop was limited to the first 100 people who signed up and is *technically* a pre-conference event. I'll be going of course, but it is a stand-alone event.
    3 Sep 2012, 12:15 AM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    Thanks for the schedule. There are some very interesting speeches, many which are way over my head, but some are interesting. jci on Thursday am may be beneficial.

     

    How many people does this conference get and any idea on the background types?
    3 Sep 2012, 12:15 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    The ELBC is the big recurring event in the lead-acid battery industry. While many of the presentations will be over my head too, I expect to learn a lot.

     

    There were 700 delegates in Istanbul two years ago, including top executives from every lead-acid battery manufacturer in the world and a variety of investor and investment banker types. The delegate count stood at over 600 on Thursday evening, with three weeks to go before the conference.

     

    I'll be fascinated to see what the final count is.
    3 Sep 2012, 12:35 AM Reply Like
  • anthlj
    , contributor
    Comments (228) | Send Message
     
    I'm sure the kind of information you will receive between, as well as from, the presentations will be an invaluable lens on the auto application.

     

    Certainly appreciate any feedback, whether positive or negative for the Axion cause.
    31 Aug 2012, 01:38 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Way cool: a real market developing with whomever. Was sitting $0.325 on the ask. FANC jumps to the front with $0.324, NITE counters with $0.323 and ATDF, not to be out-scrapped, does $0.3229.

     

    Regardless, trades go at $0.32 (just had 2 for an aggregate 90K).

     

    Through 13;28 (doesn't include those two big ones), buy:sell 1.09:1.
    VWAP $0.3181.

     

    Yeth thir - tha's what I'm talking about!

     

    HardToLove
    31 Aug 2012, 02:14 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    A bid with a sense of humor: UBSS' 65k at .3199 (.0001 < the .32 offer). 10k traded, then bid pulled.

     

    A little pre-holiday entertainment.
    31 Aug 2012, 02:47 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    MrI: Could have been a "probe" to see what market reaction would be.

     

    HFTers are notorious for this sort of stuff, although I don't believe UBSS is one.

     

    HardToLove
    31 Aug 2012, 02:58 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    With AXPW, I usually only see it on the offer side--e.g., ATDF's >100k asks that last for about 10 seconds, then back down to 10k or 15k or whatever it was immediately prior. Seen that several times in the last few weeks. Not sure how, if it's on purpose, it helps you get an optimal price.

     

    All in all, though, it's a bit surprising to me that we don't see more obvious signs of manipulation, given it's a penny stock. Maybe the clear downward bias somewhat scares off the manipulator crowd. Or maybe they do such a good job that you can't tell. Keyser Soze, lol.
    31 Aug 2012, 03:20 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    ATDF has had for a while at 50k@.3248 offer

     

    Note it's the last day of the month, so there may be somebody (on Nite?) wiping the slate clean, or willing to offer all you want at .32 to reduce the slate for the monthly report.

     

    322K volume on Friday before Labor Day ... could have been a lot worse.
    31 Aug 2012, 03:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Wtb: Great minds ... I was just thinking how good the volume was for a Friday. And the buy:sell is decent too 1.33:1 with VWAP $0.3189.

     

    I'm suspecting some of that Rosewater PR might have filtered into the sentiment out there.

     

    HardToLove
    31 Aug 2012, 03:43 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    HTL, et al: Bought two lots of 10k shares. One lot of 10k @ 3:48 and the second lot of 10k @ 3:54.

     

    It appears the stock is trading at a fairly tight range. My order was executed very quickly with a limit of .32c

     

    Someone or MM must have been on the other side with a limit near .32.
    31 Aug 2012, 03:57 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Nice, OR.

     

    So when do you guys think the Axion Hub PR comes out? Day before the show, 1st day, or after that?
    31 Aug 2012, 04:20 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    "Electric-car maker Coda Automotive is recalling certain 2012 Coda sedans because their side curtain airbags may not have been installed properly. As a result the bags may increase the risk of injury to passengers by not deploying as they were designed to in a crash.

     

    The recall affects 78 vehicles."

     

    http://on.wsj.com/NHPMvF
    1 Sep 2012, 12:40 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Lol. They do a recall and the grand total of vehicles affected is 78?

     

    Boy, this EV thing really is catching on, huh? /sarc

     

    D
    1 Sep 2012, 08:52 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Enders is presenting on two topics at this conference in October in San Diego.

     

    Long-term Storage Solutions and Stationary Energy Storage

     

    http://bit.ly/O34XFq

     

    http://bit.ly/TJhAT3
    1 Sep 2012, 11:50 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Older Axion presentation ...

     

    http://bit.ly/O35wPz

     

    Can anybody read Chinese?

     

    http://bit.ly/O35RSl
    1 Sep 2012, 11:58 AM Reply Like
  • Ishikawa
    , contributor
    Comments (181) | Send Message
     
    SM,
    This is a chinese translation of an article published by Enders Dickinson、Philippe Westreich及Michael Romeo of Axion dated 2012/4/19 19:03:00. The direct translation of the title from its Chinese form to English is " SS system battery development ".

     

    Hope this will help with your searching the original article.
    1 Sep 2012, 04:43 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Completely OT> I just had the personal joy of cutting off my cable company for TV and internet. Over the air HDTV in a metropolitan area (Atlanta for me) is beautiful and there are more than enough stations for my limited TV interests.

     

    Clearwire's Atlanta area wide internet is half decent for my needs and there is plenty of free 54G wifi around town at my usual haunts. Went with the old-style Netflix DVD's one at a time all you can eat so I can see movies I really want to see in real high def. Cut my costs for all in half with the only short-coming being ESPN Sunday night football games, so I'll go blow some of my savings at a sportsbar if I want to see the Sunday night game.

     

    News is far more convenient on the web and there's Bloomberg live TV for general market information. I have Sirus XM in my care for a lot of other stuff like CNBC (which I consider mostly comedy), BBC, ESPN - etc and the web is drowning in uninterrupted free music of every genre to listen to. I'll probably pull the plug on XM next and go with audio books, music and pod casts played thru my car system from my MP3 player.

     

    Free! Free at last! Hallelujah! Feel the joy!
    1 Sep 2012, 07:42 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    posted at Zacks - who have no rating for AXPW.

     

    from BUYINS.NET: AXPW, ORKLY, COWI, ADDED TO NAKED SHORT LISTS TODAY
    Aug 29, 2012 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, http://www.buyins.net , announced today that these select companies have been After the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. Axion Power International Inc (OTC:AXPW), Orkla ASA (OTC:ORKLY), CoroWare Inc (OTC:COWI). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .

     

    Axion Power International Inc (OTC:AXPW) - Axion Power International, Inc., a development stage company, engages in developing battery/energy storage device technology. Its proprietary lead/carbon (PbC) technology owns six issued patents and nine pending patent applications in the United States. The company is testing its PbC battery design that uses carbon electrode assemblies to replace the lead-based negative electrodes, which are used in conventional lead-acid batteries. It also manufactures specialty and traditional flooded batteries for resale. The company was founded in 2003 and is based in New Castle, Pennsylvania.There is a failure to deliver in shares of AXPW.
    2 Sep 2012, 12:00 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    It's highly unlikely that there are any real short selling going on in Axion, but shares moving from paper form to electronic form frequently generate "fails-to-deliver" because the time required to get a stock certificate to the transfer agent and get the shares booked back into the right account is frequently greater than 3-days. If you spend some time studying the last couple years of semi-monthly Short Interest Reports you'll see that the baseline number is a couple thousand shares but peaks run as high as 390,000 shares as stock moves from paper form to street.

     

    http://bit.ly/uGVJsb

     

    There's also a summary at the bottom that helps you see the periods when the stock has hit the threshold list because of sustained selling pressure. The two prior appearances on the fails to deliver list followed periods of extremely high volume from May 3, 2011 to May 20, 2011 and December 21, 2011 to February 10, 2012. I view Axion's presence on the threshold list as confirmation that my FINRA Short analysis is accurate.
    2 Sep 2012, 01:48 AM Reply Like
  • John Petersen
    , contributor
    Comments (30187) | Send Message
     
    The Second Installment of the Batteries International Guide to ELBC 13 should be published tomorrow. I'll post it when available.
    2 Sep 2012, 04:30 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    Good News for Axionistas:
    As reported in a previous post, I had driven a 2009 Hyundai and had taken it through the stop/start routine of four stops. However, my methodology was flawed as I was stopping the car for 30 seconds and then recharging for 60 seconds, when I should have been doing the opposite. The start/stop worked fine for the four stops using the erroneous methodology.

     

    Today I had the opportunity to try the 60 second stop in a real driving situation while going to the airport. Well, the engine kicked back in at the 45 second mark while still stopped at the stoplight - even though the battery had charged for 20 miles. The only electronics running during the start/stop event would have been the brake lights and the ventilation fan on low setting. After the engine ran for about 45 seconds while driving to the next traffic light, the start/stop refused to kick back in again. For me, explains why Hyundai is looking at the PbC.

     

    The owner of the car thinks I have a screw loose as I'm counting off the seconds and then the engine kicks in at 45 seconds and I begin a celebration dance/chant.
    2 Sep 2012, 05:08 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Metro--excellent report! And doin' the funky DCA.
    3 Sep 2012, 09:44 AM Reply Like
  • thotdoc
    , contributor
    Comments (1696) | Send Message
     
    Thanks for the chuckle.
    3 Sep 2012, 06:31 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2431) | Send Message
     
    We've been talking about the role of government (and universities) in energy and other matters of public policy importance ...

     

    I'm not sure what to make of this, but found it interesting:

     

    http://bit.ly/PD8y8U

     

    ...

     

    "The WRC is the first U.S. research facility of its kind, providing a venue for developing and testing technologies to reduce power plant water withdrawals and consumption and improve the quality of water related to power generation. Operated by the Southern Research Institute, the WRC is being developed by Southern Company and its subsidiary Georgia Power, Southern Research and the Electric Power Research Institute (EPRI), which has assembled an R&D collaborative of 13 companies."

     

    ...

     

    "The technologies being explored at the WRC can be implemented by power companies worldwide to address water issues and also will educate students and community leaders about the importance of water conservation and the technologies being developed to reduce water consumption."

     

    ...

     

    "Southern Research is a not-for-profit 501(c)(3) scientific research organization that conducts advanced engineering research in materials, systems development, environment and energy, and preclinical drug discovery and development. Southern Research has more than 550 scientific and engineering staff that support clients and partners in the pharmaceutical, biotechnology, defense, aerospace, environmental and energy industries. Headquartered in Birmingham, Ala., Southern Research operates research and development facilities in Wilsonville, Ala., Frederick, Md., and Durham, NC and offices in New Orleans, La., and Washington, DC."
    3 Sep 2012, 09:13 AM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    Some good press for Axion on Liberty Investor by G.S. Early.

     

    http://bit.ly/TRrmCv
    3 Sep 2012, 11:30 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2739) | Send Message
     
    Thanks, jveal. I guess we'll see what kind of weight that guy's buy recommendation has tomorrow.
    3 Sep 2012, 10:30 PM Reply Like
  • Axion Power Host
    , contributor
    Comments (466) | Send Message
     
    Author’s reply » $$$$$$$$$$$$$$$$$
    This way to the next concentrator
    http://seekingalpha.co...
    $$$$$$$$$$$$$$$$$
    3 Sep 2012, 12:59 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    "The Power Cube"

     

    Something important to see and hear:

     

    http://bit.ly/LZYclu

     

    Good night.
    Carlos.
    3 Sep 2012, 06:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17886) | Send Message
     
    Carlos: good marketing video as it's short and to the point. I liked some of the text below it.

     

    "PbC® batteries have been designed to be manufactured in any of the dozens of existing lead acid battery facilities in the US as well as the hundreds of others world wide. This eliminates the need for hundreds of millions of dollars in capital to build new advanced battery facilities in the US that do not currently exist. Since existing equipment will be utilized new investments will not be required to manufacture our products".

     

    ISTM this begins to make the case, for potential investors, that risk is relatively low since *huge* capital expenditures, permitting delays, ... and associated capital raises (of *that* sort of magnitude) will not be needed. So perceived dilution risk is lessened.

     

    HardToLove
    4 Sep 2012, 04:07 AM Reply Like
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