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  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    Good Morning:
    I could not sleep, I am going in search of the Elephant! Today is the day.
    Carlos

     

    Note: Have a nice day
    3 Oct 2012, 07:22 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Carlos,
    Good hunting early bird. Congratulations on being #1 on this concentrator.

     

    Just curious as to what is your price target. Many opportunities have existed the last couple of days.
    3 Oct 2012, 07:44 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    Futurist:
    I could not find the elephant, it seems that above 0.30.!!
    Carlos.
    3 Oct 2012, 09:36 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Carlos,
    Did you think that the elephant herd you saw yesterday was going to graze in the field forever? That you culd just go out and find an elephant every day of the week?

     

    Sorry that the herd wandered away. I personally hope that we never find another one.
    3 Oct 2012, 09:40 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    I would be content saying that a whole herd of elephants passed by and I was so frozen with fear that I didn't fire a shot.
    3 Oct 2012, 09:40 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Metro,
    Excellent analogy. Quite excellent.
    3 Oct 2012, 09:41 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    Keep hunting Carlos. I think you can get .29 today, maybe .285. This elephant is impatient and easily scared by mice.
    3 Oct 2012, 09:44 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    Jon.
    Finally I caught the tail!!! 0.29
    Carlos.
    3 Oct 2012, 09:50 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    Congratulations Carlos. Tail meat is a delicacy. Enjoy it.
    3 Oct 2012, 09:51 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    Hope those were the very last hairs on the tail of the very last elephant.
    3 Oct 2012, 09:53 AM Reply Like
  • jpau
    , contributor
    Comments (841) | Send Message
     
    I totally understand, I had the rounds chambered, the powder was very dry, the sights were clear - but something kept me from pulling the trigger.
    3 Oct 2012, 10:51 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Jpau: "risk management"? You forgot to disable the safety?

     

    HardToLove
    3 Oct 2012, 11:15 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    Jpau & Metro,

     

    Understandable. Its hard to buy when there's blood in the streets. One always worries they're the next one to be bled.

     

    It's why I differentiate between the true bottom feeders and the wannabes. I am a wannabe. I want to be like Tripleblack (and other truly adept bottom feeders), but I am far behind him and others in both intestinal fortitude, smarts, and the calm & patience required. So, I keep trying to learn. It will probably take me another decade, I'm a slow learner, but all good education comes with a price.
    3 Oct 2012, 12:17 PM Reply Like
  • Ishikawa
    , contributor
    Comments (178) | Send Message
     
    Numero Uno !!
    3 Oct 2012, 07:23 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    Oh My God:
    Now, the letter scared the elephant!
    Carlos.
    3 Oct 2012, 07:42 AM Reply Like
  • pianomanshl
    , contributor
    Comments (313) | Send Message
     
    Letter to Shareholders by TG

     

    http://prn.to/WiJ7xM
    3 Oct 2012, 07:42 AM Reply Like
  • jpau
    , contributor
    Comments (841) | Send Message
     
    Nice, but I wish it had been a letter telling us not to despair over the stock price.
    3 Oct 2012, 08:43 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    Attempted to do some research on number of housing units larger than 10,000 square feet. The link below states that about .5 percent of new houses built between 2004 and 2005 were larger than 6,000 square feet - about 10,000 houses. If I take a SWAG and say 30% of those are larger than 10,000 s.f, that would indicate about 3,000 homes were built in 2004-2005 that are larger than 10,000 sf, or or about 1,500 houses per year.

     

    http://on-msn.com/SCwKrF
    3 Oct 2012, 09:19 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    "In those areas we are working with Norfolk Southern, BMW, a large US-based car company and other automotive OEMs."

     

    Interesting he didn't mention Asian in the phrasing after talking about it on the Conference Call.
    3 Oct 2012, 10:59 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    "We are building on this first Cube in continued dialog with several utilities."

     

    No mention of Viridity? Wonder if the Mitsui investment has been part of that ...

     

    http://bit.ly/QhsDps

     

    Are we depending on Utilities to do our marketing? Really wish we had a better description of what's happening here ... especially since I believe FERC 755 went final for PJM Oct. 1

     

    Related (but very general):

     

    http://bit.ly/PvVy4k

     

    Also related:

     

    "FERC APPROVES CAISO AND MISO ORDER NO. 755 COMPLIANCE FILINGS

     

    On Thursday, September 20, 2012 the Federal Energy Regulatory Commission (FERC) approved the Order No. 755 compiance filings of the California ISO (CAISO) and Midwest ISO (MISO).

     

    In issuing these orders of approval, FERC mandated that CAISO implement pay-for-performance on January 1, 2013 and that MISO's proposal go into effect on December 17, 2012.."

     

    http://bit.ly/PvVYHY
    3 Oct 2012, 11:08 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    Gotta love Texas ... they're not bound by FERC 755, but they are paying attention:

     

    http://bit.ly/QPqiBR

     

    Gotta say, A123's blog has some interesting reading ... check it out.
    3 Oct 2012, 11:37 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    Hi WTB:
    ...No mention of Viridity?
    Very difficult than in a letter, so overall everything is mentioned.
    That is my opinion, Carlos.
    3 Oct 2012, 12:34 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    It is impossible to mention every business relationship in every written communication, unless of course you want all communications to be too long to read. Sometimes a fellow just has to pick and choose according to the message he wants to convey.
    3 Oct 2012, 01:18 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    I read somewhere that HUB's could amount to either $1 Million in sales (per year?), or a million PbC's (per year?) - either way, small potatoes (or was that os?); but the right direction. Take all we can get.
    3 Oct 2012, 01:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    NJB: I suggest "small potatoes" is really quite relative. For a company on the verge of becoming CF positive w/o debt and a revenue stream already in place for tolling contracts, they look like pretty good-sized potatoes.

     

    Just as NSC's order for $475K looked pretty good.

     

    ISTM the first step and build momentum is the scene that will play out.

     

    HardToLove
    3 Oct 2012, 01:31 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    At 45K per Hub, 25 Hubs per year would be over $1.125M in incremental revenue. At 250, approximately 11.25M.
    3 Oct 2012, 01:35 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    So you're saying that we don't need Tesla class sales forecasts for the HUB to be a solid business proposition. I like that.
    3 Oct 2012, 01:53 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    HTL - The small potatos was referencing the 15,000,000 per year hybrids as comparison.

     

    Again, take all we can get, would align with the main point of your comment.

     

    And finally, the HUB at $45K retail contains what $4k of PbC's?
    3 Oct 2012, 02:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    24 batteries per HUB at $400 each would be $9,600.
    3 Oct 2012, 02:15 PM Reply Like
  • DaveT
    , contributor
    Comments (209) | Send Message
     
    Rosewater and UL Certification query:
    2012-08-20: "The system employs the Axion Power advanced lead–carbon battery which ensures 5-20 times the cycle life of traditional lead acid batteries, is safe for home use (UL approved) and is over 99% recyclable." [http://bit.ly/ru1GhG]
    2012-10-03: "The only hurdle we have to clear to begin selling and shipping in the U.S. is UL approval (http://www.ul.com), and we have been working on that, with others, for some time." [http://bit.ly/PvhHzH]

     

    So, not having had the time to read the concentrator lately to perhaps be better informed, are these statements contradictory, or have some small overlap?

     

    Must say that with yesterday's late pop and an email notification of an NR pre-open I had my expectations dashed a bit when I read it, not that there is anything much wrong with it (apart from the UL thing of course), even get the quite affirmative " we believe we are well on the way to being a primary provider of PbC batteries for this [battery-powered locomotive] market."

     

    Cheers
    3 Oct 2012, 07:59 AM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    Dave T
    The PbC batteries are UL approved. The HUB, as a stand alone unit, is not yet UL approved. They are hoping for UL approval by the end of the year.
    3 Oct 2012, 10:00 AM Reply Like
  • DaveT
    , contributor
    Comments (209) | Send Message
     
    LT: Thanks, I'm surprised RW don't correct their error then.
    3 Oct 2012, 10:09 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >Dave T ... It is my understanding that all the components of the "Hub" are UL approved but not the assemblage of said components into a "Hub". All I can tell you, from watching the process in our shop, is that UL is slow. That said, if I'm remembering correctly, this should be about as quick an approval as can be hoped for.
    3 Oct 2012, 10:11 AM Reply Like
  • Al Marshall
    , contributor
    Comments (556) | Send Message
     
    I took two things from the letter. First related to "we believe we are well on the way to being a primary provider of PbC batteries for this [battery-powered locomotive] market." which was also quoted by DaveT. That would seem like a typo because of course Axion would be the primary supplier of PbC batteries since "PbC" is proprietary. The only other thing I can think of is that Axion is saying that it intends to service the locomotive market itself rather than supplying electrodes to other battery manufacturers who would supply the railroads.

     

    The second and more important point was that TG stated there would only be limited Residential Hub sales in Q4. To me, that's great news. It means they believe the UL approval is coming shortly (I'll bet they've received some kind of indication it is coming) and that they have at least a few orders that they know are coming, if not actually in hand.

     

    I took that statement as a slight moving up of the timetable which had previously been stated as deliveries would start next year with the possibility of shipping a few units before year-end.
    3 Oct 2012, 10:42 AM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    I believe the letter was strategic in how it was laid out. It spoke to both shareholders and potential strategic and manufacturing partners that Axion has a product, has a marketing partner and can and will be selling that product to a substantial market that will provide a roof over their heads and some food in their bellies. It is up to the large manufacturers and strategic investors if they want to just keep playing footsie or cut to the chase and get in the sack, no one is going to take them out whole-hog.
    3 Oct 2012, 11:36 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    And I really like how TG is being responsive to our wishes for more communication outta the company. He hears us, is what I'm hearing from him. Helps calm some investor nerves, and that's good for the stock.
    3 Oct 2012, 12:12 PM Reply Like
  • magounsq
    , contributor
    Comments (990) | Send Message
     
    MI

     

    My thoughts exactly as I was reading...as if he were "tuned in" to APC.
    3 Oct 2012, 09:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    There's no doubt in my mind that several Axion people monitor this series. While we were in Paris, Enders Dickenson said that he'd picked up a couple research, documentation and presentation leads from the Concentrators that he hadn't previously known about. He was truly impressed with the combined sleuthing capabilities.
    3 Oct 2012, 11:57 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1235) | Send Message
     
    looking forward to another crazy day. GL folks.
    3 Oct 2012, 08:22 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    In addition to the paper Enders presented at the SAE 2012 Commercial Vehicle Engineering Congress yesterday, he presented a paper titled "Axion PbC® Battery: Charge Acceptance Solution for Micro-Hybrid Vehicles" at the SAE 2012 International Powertrains, Fuels & Lubricants Meeting in Sweden on September 18th.

     

    http://bit.ly/POQp8U

     

    I've decided to spring for this one and will post an update if there's anything new and fascinating.
    3 Oct 2012, 08:30 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    This paper is basically a cleaned up final version of the PbC White Paper that's been available on Axion's website since last summer. It is good, however, to know that it's been presented to the industry.
    3 Oct 2012, 09:08 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    John,
    It really is quite amazing that the shareholders here are more informed than the industry as a whole about the intricacies of S/S technology and the burden it creates for ordinary batteries.
    DCA. Unknown to most investors in the entire battery world.
    3 Oct 2012, 09:19 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    This white paper was seemingly only a written presentation rather than an oral presentation.

     

    http://bit.ly/JDQxmB

     

    Interestingly, the organizers and chairperson mostly appear to be from academia or gov't labs.

     

    Organizers:
    Sergey P. Gladyshev, Michigan-Dearborn University; Dohoy Jung, Univ. of Michigan-Dearborn; Liguang Li, Tongji Univ.; James Miller, Argonne National Laboratory; Hamid Servati, ServoTech.

     

    Chairperson:
    Patrick M. Walsh, Argonne National Laboratory
    3 Oct 2012, 01:07 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I'm a big fan of the idea that people shouldn't invest in things they don't understand. I probably take it a bit too far and provide more information than many really want, but there's no such thing as an investor with too much education.
    3 Oct 2012, 01:22 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    As I have said before, I hope that Axion writes a technical paper on the interface between the PC and the PJM.

     

    To me, it looked like from slide 10 of Enders presentation that they are in the process of gathering data that would support such a paper.
    3 Oct 2012, 01:30 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    Again, IMO, the new FERC regulations are beginning to be implemented over the next six to eight months. A strong technical white paper describing the interface and benefits of the PC, a behind the meter storage device, would probably be an excellent marketing tool months ahead of anything similar.
    3 Oct 2012, 01:40 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    Stefan, so how does your 6-8 months to implement square with the FERC quote from wtb's comment above, "In issuing these orders of approval, FERC mandated that CAISO implement pay-for-performance on January 1, 2013 and that MISO's proposal go into effect on December 17, 2012."?

     

    IIRC, currently Axion only directly cares about PJM, and perhaps MISO a bit; MISO's implementation is mandated for 12/17/12 and PJM's is generally expected for 10/1/12 I think. For those prospective PC customers waiting for pay-for-performance implementation, might those sales realistically begin anytime after those dates?
    3 Oct 2012, 01:57 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Since I have no idea how long the selling process might be on a million dollar system like the PowerCube, I think it's very dangerous to create expectations about when sales should be expected unless and until Axion provides specific guidance on the issue.

     

    Companies have a hard enough time meeting the expectations they create. The last thing they need is investors creating expectations without a basis.

     

    The part of my ELBC presentation that spoke of customer imagination running wild applies with equal force to stockholders.
    3 Oct 2012, 02:10 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    I agree that we cannot anticipate possible sales of the PC. However, I believe we can anticipate a difficult sales process and a technical paper of the caliber Axion has shown the ability to produce would only help open doors in that regard.

     

    Mr. I - My timeline was based on those dates you noted, but adds in a couple months for inevitable delays. WT does a good job at bringing FERC back to the forefront.
    3 Oct 2012, 02:32 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    Stefan, thanks. Never seen delays before, from any source. ;^P

     

    Pay-for-performance implementation would be a major milestone in progress towards PC sales, given TG's conference call comments on the subject. Good to see the FERC issuing orders.

     

    3 Oct 2012, 02:59 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    Mr. I - check out the CAISO and MISO FERC Orders. Implementation was supposed to occur by October 27, 2012. However, both CAISO and MISO requested extensions.

     

    http://bit.ly/QILXLx

     

    http://bit.ly/WmoYGU

     

    As stated by WT, the new respective deadlines to implement implement pay-for-performance are respectively January 1, 2013 and December 17, 2012..
    3 Oct 2012, 11:14 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    Stefan, so about a two month delay for each. IIRC, PJM implementation was to be first, on 10/1/12. Wonder what the status is now.
    4 Oct 2012, 02:58 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    Mr John:
    I would like your opinion on the letter sent to shareholders.
    Thanks-Have a good day.
    Carlos.
    3 Oct 2012, 09:24 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I'm a big fan of communication and if I had to pick one area where I think Axion is weak, communication would be my choice.

     

    I understand that communication is difficult given the nature of Axion's current business relationships and I do think their communication is improving, but I also think it could be better.
    3 Oct 2012, 02:38 PM Reply Like
  • bazooooka
    , contributor
    Comments (3461) | Send Message
     
    In light of the pr, I hope yesterday's late day buying spree wasn't the result of a communications leak. I don't normally like to think nefarious thoughts but it does seem strange to have unusual buying on the eve of a company issued pr.

     

    Hopefully today can end in a similar way and we'll get evidence that its not just someone trying to flip for a few bucks.
    3 Oct 2012, 02:57 PM Reply Like
  • 43933
    , contributor
    Comments (16) | Send Message
     
    I do not know if this has been posted previously as I have been away from the concentrator for a while (bangwhiz disease). But this is for you folks who assured me several months ago that carbon nano tubes etc. in lithium batteries was 20 years away and not a concern:

     

    http://bit.ly/T166OT

     

    Price $38.90 ($36.80)

     

    Turnigy nano-tech A-SPEC lithium polymer batteries are built to the absolute highest of standards to provide competition level performance. With features such as gold plated balance leads, silver plated discharge wires and an all new CNT (carbon nano tube) additive mixed into the electrodes, these batteries are simply unmatched by any other in performance and build quality!

     

    The new CNT/electrode mixture reduces impedance, generating less heat and maintaining a higher voltage under discharge load. Basically what this means is that these batteries will provide more power in your machine especially during high current draw maneuvers, and they will provide a longer cycle life due to the lower operating temperatures of the pack.

     

    Top notch performance and build quality make these packs ideal for high-demand flying such as 3D helicopters, EDFs, F3A and any other high current draw applications.

     

    More than just a fancy name. TURNIGY nano-tech A-SPEC lithium polymer batteries are built with a LiCo nano-technology substrate complex and an all new CNT (carbon nano tube) additive greatly improving power transfer making the oxidation/reduction reaction more efficient, this helps electrons pass more freely from anode to cathode with less internal impedance.
    In short; less voltage sag and a higher discharge rate than a similar density lithium polymer (non nano-tech) battery.
    For those that love graphs, it means a straighter, longer curve. For pilots it spells stronger throttle punches and unreal straight-up performance.
    Excellent news for 3D pilots!

     

    Unfortunately with other big brands; numbers, ratings and graphs can be fudged. Rest assured, TURNIGY nano-techs are the real deal, delivering unparalleled performance!

     

    Spec.
    Capacity: 2200mAh
    Voltage: 4S1P / 4 Cell / 14.8V
    Discharge: 65C Constant / 130C Burst
    Weight: 259g (including wire, plug & case)
    Dimensions: 105x35x35mm
    Balance Plug: JST-XH
    Discharge Plug: XT60

     

    * The nano-core technology in lithium ion batteries is the application of nanometer conductive additives.
    1) The nanometer conductive additives form ultra strong electron-conducting networks in the electrodes which can increase electronic conductivity.
    2) These additives create a super strong ability for imbibition in the carrier liquid to supply more ion channels. This improves the ability of ion transmission and ion diffusion.
    Through improving electronic conductivity and ion transmission, the impedance is reduced and the polarization of high rate discharge decreases greatly.
    Advantages over traditional Lipo batteries.
    Power density reaches 7.5 kw/kg.
    Less Voltage sag during high rate discharge, giving more power under load.
    Internal impedance can reach as low as 1.2mO compared to that of 3mO of a standard Lipoly.
    Greater thermal control, pack usually doesn't exceed 60degC
    Thickness swelling during heavy load doesn't exceed 5%, compared to 15% of a normal Lipoly during heavy load.
    Higher capacity during heavy discharge. More than 90% at 100% C rate.
    Fast charge capable, up to 15C on some batteries.
    Longer Cycle Life, almost double that of standard lipoly technology.
    3 Oct 2012, 09:38 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I checked your comment history and can't seem to find where anybody who even discussed carbon nanotubes with you.

     

    In any event, the term "carbon nanotube additive" applies to any concentration of CNTs, starting at about .000001%. The battery pack you linked to stores 32.56 watt hours of electricity, which works out to a cost of $1,130 per kWh. They are hobby products that are being hyped in online advertising to people who love gee-whiz terms and don't understand the first thing about what the term mean. They are most certainly not a threat to the PbC.
    3 Oct 2012, 10:00 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    Math. It really can solve problems. Thanks JP.
    3 Oct 2012, 10:03 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    To quote Bill Clinton
    "The answer is Arithmetic".
    3 Oct 2012, 10:08 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    Speaking of math... I'm looking for "geometric progression" in Axion's share price some day...

     

    (1 minute clip) http://bit.ly/GAal9c
    3 Oct 2012, 10:34 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    An inverse Moore's Law for stock prices - I like it!
    3 Oct 2012, 10:51 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2806) | Send Message
     
    Lots of hype and unproven/demonstrated "data". No information on recharge cycle. A brief Google search shows no supporting information, just repeats of this advertising. No independent confirmation on anything. Shipped from Asia, so no liability if it doesn't work, explodes, wears out after 10 discharges, or is not even close to accuracy in its specifications. Full of weasel words, "up to ...", "usually doesn't exceed...", "reaches ...", "as low as ...", etc.

     

    Why do you think it has ANY nano-anything? If you believe this, I have a nano-goldplated Brooklyn Bridge to sell you.
    3 Oct 2012, 10:57 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Since I was only recently released from the SA pokey my remarks are highly constrained when I ask you what you are talking about when you use the term "bangwhiz disease". $#$@#W@^ - $$#^&^$&*.

     

    Don't go away mad, but do just go away.
    3 Oct 2012, 04:32 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2150) | Send Message
     
    BW,
    Go ahead, cut loose and tell him what you really think. ;-)
    3 Oct 2012, 05:22 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Bang,
    Didn't you misspell that? I think its #$$@#W@<-$$#^&^...
    Sorry for being so picky. BTW. You are right in questioning the intent of that statement. Implying negative comments about the company because one shareholder is questioning his own investment strategy is not quite kosher.
    Now, suggesting that my tunnel vision for Axion is myopic or a "disease", well, that's probably fair game.
    3 Oct 2012, 05:31 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    When an investor in a stock with a chart like Axion and currently underwater 70%, and who doesn't question their investment from time to time, must be either figuratively or literally brain dead.
    3 Oct 2012, 07:39 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    Amen.
    3 Oct 2012, 08:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Color me brain dead.

     

    http://bit.ly/JgpUZT
    4 Oct 2012, 12:01 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    I was also wondering what "bangwhiz disease" was....
    4 Oct 2012, 08:31 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1163) | Send Message
     
    Those LiPo batteries are also known to burst into flames if overcharged, overdischarged, or allowed to go out of balance.
    4 Oct 2012, 10:04 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    nogoodslacker,
    Is that a young HTL with his tinfoil hat in your picture?
    4 Oct 2012, 02:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    10/2/2012: AXPW EOD stuff partially copied from instablog (up later)
    # Trds: 82, MinTrSz: 100, MaxTrSz: 150000, Vol 597796, AvTrSz: 7290
    Min. Pr: 0.2610, Max Pr: 0.3050, VW Avg. Tr. Pr: 0.2873
    # Buys, Shares: 53 443168, VW Avg Buy Pr: 0.2890
    # Sells, Shares: 29 154628, VW Avg Sell Pr: 0.2827
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 2.87:1 (% “buys”), DlyShts 103751 (%), Dly Sht % of 'sells' 67.10%

     

    A strange bifurcated day. Details are laid out in the comments yesterday (links to them below) and here I'll just do a brief description and a few thoughts about it.

     

    First, very low volume through 13:12:45 and no trades whatsoever from then through 15:19. Then the flood gates opened. As seen in the comments below, the first part had only 119.2K shares traded and the second part had ~478.6K traded, ~80% of the day's volume. Along with the volume was a price disparity: VWAP $0.2716 and $0.2913, for the early low-volume part and late high-volume parts respectively.

     

    As it turns out, our short sales percentage behaved well too – coming in lower than yesterday, as past behavior suggested would be the case, but not absurdly low. Looking at things in light of my T+3 (or less) in-flow scenario, today's ~104K vs. yesterday's ~194K (17.4% and 35.6% respectively) caught my eye. This almost looks like most of the Friday 85K short volume flowed in: 104 + 85 = 192K - pretty close. Yes, it could easily be coinkydink, but what use is a TFH if we rely on that? :-))

     

    I feel that market-maker(s) have been doing some accumulation to fill a larger order and today allowed them to complete it.

     

    Volume has had eight days with a general up trend. All of those days have been above all but the 10-day average and only one day dipped below that one. As mentioned, daily short sales have been behaving as expected and continues to exhibit lower volatility, vacillating with highs and lows converging towards the 50 and 100-day averages.

     

    The average trade size was looking weak until the late-day surge. We had 5,528 average without the 150K trade that came in the late surge. This would be in the low range and below all the averages. With the 150K trade included it put us above all the averages a bit, but right in the range of them.

     

    The buy:sell is touched on in the comments in the concentrator yesterday. All I'll add here is that we've had three days in a row of improving ratio and we are now above all averages for the second consecutive day.

     

    When you look at the comments linked below, pay attention to the changes in buy:sell that occurred from the early to the late part of the day. The change that appeared is really quite striking.

     

    ============== Posted in a comment in the concentrator today begin ==============
    ----- At 12:59 -----
    http://seekingalpha.co...

     

    ----- At 16:31 -----
    http://seekingalpha.co...

     

    ----- At 17:32 -----
    http://seekingalpha.co...
    ============== Posted in a comment in the concentrator today end ==============

     

    The Dly Sht % of 'sells' is omitted.

     

    HardToLove
    3 Oct 2012, 10:09 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    JP's next article is up on The Street

     

    Advanced Battery Technology Contains a Fatal Flaw

     

    http://bit.ly/T1famZ
    3 Oct 2012, 10:21 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    It probably won't get any comments since it doesn't mention Tesla by name.
    3 Oct 2012, 10:26 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    That can be remedied...
    3 Oct 2012, 10:35 AM Reply Like
  • thotdoc
    , contributor
    Comments (1839) | Send Message
     
    Very clear article...with implications that no one seems to want to deal with.
    3 Oct 2012, 01:51 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2264) | Send Message
     
    Thanks, John.

     

    Amen, with cheese. Well said.

     

    I am such a huge fan of recycling. While this is just one facet of the overall technological advantage of the Axion PbC (ok,any lead-acid battery), it deserves more air time.

     

    FACT: Nearly 100% recyclable. Profitably. Cleanly. End-products remade into beginning-products. That is AMAZING!! Revolutionary! But for lead-acid batteries? Routine. Already happening. Been there, done that.

     

    Familiarity breeds contempt? Don't be ridiculous. Nevermind that familiarity breeds profits (as every battery-maker could in principle retool fairly simply to take advantage of the Axion PbC technology). The point that is being made here is that the case for the lead-acid battery, in any application for which it is suited, is more-than-adequately served up by the environmental savings alone. On this basis, the so-claimed "clean" and "green" lithium-based competitors are a ruse.

     

    While the OVERALL savings of a recyclable PbC battery to the environment are difficult to properly account, from the unnecessary mines to the unnecessary waste-sites for the other guy's batteries, imho they would be easy to reduce to a simple, sensible and staggering figure!

     

    Someone once coined: "PbC -Profit beats Cool." Big fan of that one. But at 100% recyclable, the PbC is also very cool.
    4 Oct 2012, 12:40 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Many thanks Edmund. It's really irritating that the lithium-ion story tellers have hijacked lead's recycling advantages and pretended that they can do even better when in fact their products are recycling nightmares.
    4 Oct 2012, 01:06 AM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    John,
    You have to remember that to the EV crowd, the fact that a Li-ion battery "can" be recycled is all that matters. In their world, EVs will replace all ICE automobiles and so there is no other choice but to recycle the batteries, no matter what the cost. They'll just say that the price of purifying out the metals will end up being cheaper than all the money we give to big oil companies and all the wars we fight to protect the oil supply. Of course if we switch to batteries instead of oil, we're going to have to fight those same wars for metals, but that doesn't come into their minds as part of the equation.
    4 Oct 2012, 04:06 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The part I like best is the 100% ramp in global cobalt supplies over the last six years that's solely attributable to expansion of mines in Kinshasa and Zambia, veritable bastions of stability and blood metals that jointly control about half of the world's reserves.
    4 Oct 2012, 05:36 AM Reply Like
  • magounsq
    , contributor
    Comments (990) | Send Message
     
    John

     

    My comment on TSC was "flagged for review".
    I assume TSC is very careful with links.
    My link only endorsed your recycle critique.
    I actually googled as much Li Ion recycle info I could.
    Articles either endorse your concern or "at some point in time the Li Ion recycle will be addressed".

     

    Amazing to me that a black/white issue can be colored grey.
    4 Oct 2012, 10:28 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The part I love is people quoting web-sites and PR puff as definitive information. Talk about confirmation bias.
    4 Oct 2012, 10:44 AM Reply Like
  • 42itus1
    , contributor
    Comments (232) | Send Message
     
    Magounsq & John,

     

    Articles either endorse your concern or "at some point in time the Li Ion recycle will be addressed".

     

    Perhaps we can store the old husks in the Nevada caves previously disignated for spent nuclear fuel debris! Or, burn them in the used bio/chem weapons incinerators. These solutions would at least allow for recycling (secondary use) the incinerators or the Nevada caves and then it does virtually accomplish the 'greener' goal.
    4 Oct 2012, 11:46 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    Old, but new to me as it was linked to by something I just read. We saw stories at the beginning of this China Storage project, but this is some assessment from after the project had been going a while. I don't know anything about the blogger.

     

    MONDAY, APRIL 16, 2012

     

    Zhangbei energy storage project reveals the cost and safety problems

     

    http://bit.ly/QrrKbr
    3 Oct 2012, 10:23 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    This one was pretty fun too:

     

    WEDNESDAY, JUNE 20, 2012

     

    BYD’s Electric Car Accident Reveals Shocking Industry Insider Stories

     

    http://bit.ly/PvMFrk
    3 Oct 2012, 10:29 AM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    WTB, Thanks so much for this and the subsequent article.

     

    "He pointed out that the South Grid’s energy storage pilot project had smoked 22 times."

     

    Don't need to add much to this.

     

    Menthol Nanos ? Or big wampum for old communication technology.
    3 Oct 2012, 11:29 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    .30! but sadly EGRO is offering .30 ... along with NITE, 5K each
    ATDF next: 12.8K at .305

     

    EDIT: at least 80K has tradedf at .30
    3 Oct 2012, 10:38 AM Reply Like
  • JohnM121
    , contributor
    Comments (472) | Send Message
     
    Predictions for 2013
    1. A reader of this group will be one of the first 10 buyers of a Residential Hub.

     

    2. More money will be spent by Axionista's making the pilgrimage to the Hub Warming party than the Hub costs.
    3 Oct 2012, 11:00 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    and years from now that Hub will be sitting in the Smithsonian Institute. You'll be able to tell the great grandkids about going to the warming party, but they won't be interested.
    3 Oct 2012, 12:17 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    Let's just drive a stake through the heart of .30 and move up some more. It's time - like Paul Masson.
    3 Oct 2012, 11:00 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    C'mon Metro, the current estimates have Quercus with about 150,000 shares left for the bottom feeders. And there may still be some dribbles in the other milk jugs too. No sense in running things too far too fast you know. B'sides, 20% in a couple days is nothing to complain about.
    3 Oct 2012, 11:08 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    That and it gives people *like me* time to bottom feed and add to my already overweight position.......... :)
    3 Oct 2012, 11:29 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    I'll take 1% a day over the next 2 years.
    3 Oct 2012, 11:34 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I'd rather shoot for a nice stable 20% a week.
    3 Oct 2012, 11:40 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    John: you'd then always be afraid to sell due to the "upside risk".

     

    ;-))

     

    HardToLove
    3 Oct 2012, 11:50 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    Haha! Post of the day, HTL!
    3 Oct 2012, 11:53 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    My festering stigmata is acting up today. Always makes me cranky.
    3 Oct 2012, 11:55 AM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    Yup. A couple good up days hopefully makes it easier for the remnant of the huge selling supply to disappear..and possibly another chance for those missing <.30, .29....28...
    3 Oct 2012, 02:04 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    JP, with you being the most accurate source of shareholder data, I would like to ask you the total amount of unencumbered Axion shares left for capital raises or a deal with a strategic partner?
    3 Oct 2012, 12:36 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Axion's authorized capital includes 200 million common shares and 12.5 million preferred shares.

     

    Currently about 115 million common shares are outstanding and another ±12 million are reserved for issuance upon the exercise of warrants and options.
    3 Oct 2012, 01:24 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    So roughly 73M or a little over 1/3 if someone took a 1/3 stake in the company. Thanks JP
    3 Oct 2012, 01:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I can't imagine a case where management would let go of that much stock. They certainly wouldn't go that big with a single investor because it would concentrate too much power. When Quercus was the only 8 million share owner, they had an immense amount of power. When there were five holders in that class, none of them had any power. If you want to control your own destiny, you don't give anybody the big stick.
    3 Oct 2012, 01:57 PM Reply Like
  • bazooooka
    , contributor
    Comments (3461) | Send Message
     
    John, do the preferred shares convert into common at some point? How for example could they be used in a capital raise to entice an ownership stake without the threat of short term divestment. I think Quercus had agreed to a somethings of the sort if I recall correctly. I wish our last capital rises had some provisions of this kind since it seems we got more "short termers" then one would normally anticipate.
    3 Oct 2012, 02:48 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Preferred shares can be created with any number of rights and privileges including liquidation and dividend preferences and other rights like the right to convert them into common stock. Preferred shares leave a lot of room for creativity in the early stages of a company's life, but they tend to confuse investors and the market in more mature companies, which is why Axion had to convert all of its outstanding preferred shares before the 2009 offering.

     

    Since management has shown a clear preference for issuing straight common stock in future financing transactions, I wouldn't devote much thought to the preferred unless and until we hear about plans to do a preferred stock issuance.
    3 Oct 2012, 02:57 PM Reply Like
  • brishwain
    , contributor
    Comments (84) | Send Message
     
    Hey All - I apologize for disappearing from further Paris commentary. I not only had to unexpectedly leave town a few days early, but more importantly it was a very technical conference that was way out of my league of comprehension. Clearly JP was in the best position to analyze and report on the happenings, and he did a masterful job at that.

     

    I will say, ironically, that I happened to take 2 cab rides while there (including 1 with JP and Enders) in new Mercedes, that were both equipped with stop-start technology. This was my first experience with SS. I found myself really appreciating the engine shut down events, both for the fuel efficiency and the environmental impact. While I'm maybe sensitive to these issues as I despise both waste and pollution, even in minute amounts, it seemed to me that anyone that buys a car equipped with SS would at least appreciate the fuel savings - and thus not appreciate when the SS quickly stops working. I guess we will see.

     

    Brian
    3 Oct 2012, 12:57 PM Reply Like
  • RBrun357
    , contributor
    Comments (791) | Send Message
     
    It appears that the MM's must have went out to lunch and left NITE all alone at $.30 as none have been jumping in front of them at the window.
    3 Oct 2012, 01:12 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    I begin to care only about the last minutes of trading that dictates the closing price.

     

    The people who pay attention to charts often only look at closing prices.

     

    Why do I care so much about the momentum traders?

     

    I *think* the momentum traders will be the bridge between the strong holders buying at bottom fishing prices and the strong holders who will buy upon confirmation of a rising price.

     

    Perhaps too much thinking aloud... but that's my thinking. Of course, this is what happens when you try to make a tin foil hat out of wax paper.
    3 Oct 2012, 01:28 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    RBrun: an encouraging sign is the constant creep up of the bids. Since $0.2955 at 11:13:49, increments have taken it to $0.2966 now with *very* little movement down in the asks.

     

    This suggests still unmet buying pressure is out there in some unknown quantity.

     

    HardToLove
    3 Oct 2012, 01:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Jon: bad idea - the heat from the brain melts the wax.

     

    HardToLove
    3 Oct 2012, 01:40 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    5 minutes left... brain melted waiting for some trades to power up the price... and that wax thing... good point HTL
    3 Oct 2012, 03:55 PM Reply Like
  • JohnM121
    , contributor
    Comments (472) | Send Message
     
    The board can create as many shares as it decides to. They have to placate the current shareholders, which includes themselves, and find buyers willing to exchange shares for money, though.

     

    A123's board is acting like micro Federal Reserve, and has begun "dropping shares out of a helicopter", as the Fed once said it of cash.
    3 Oct 2012, 01:08 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    That's not true. Every corporation has an "authorized capital," which is the maximum number of shares the corporation can lawfully issue.

     

    Axion's authorized capital includes 200 million shares of common stock and 12.5 million shares of preferred stock. About 125 million shares of common stock are either issued or reserved for issuance upon the exercise of warrants and options.

     

    To issue a greater number of shares, the company would have to prepare a proxy statement and hold a special meeting of stockholders to amend the Certificate of Incorporation. Without stockholder action, the board is bound by the current limits.

     

    The first thing A123 did before going on a printing spree was follow the process I just described. – http://1.usa.gov/Lo0o1M
    3 Oct 2012, 01:29 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    (AXPW) as of 12:52:46.

     

    # Trds: 85, MinTrSz: 400, MaxTrSz: 15000, Vol 310177, AvTrSz: 3649
    Min. Pr: 0.2850, Max Pr: 0.3000, VW Avg. Tr. Pr: 0.2978
    # Buys, Shares: 63 280300, VW Avg Buy Pr: 0.2983
    # Sells, Shares: 11 29877, VW Avg Sell Pr: 0.2926
    # Unkn, Shares: 11 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 9.38:1 (90.4% "buys")

     

    A correlation? 10/1 282,518 "buys" @ VWAP $0.2602. Are these shares now being sold at today's VWAP for a profit? Volume so far is close on today's "buys". If so, today's short sales percentage could move up again.

     

    If all this is the case, there's a question: who gets exhausted first, the sellers or buyers at this price level. Yesterdays "buys", ~443K @ VWAP of $0.289 shouldn't come into play at this price level. So I would guess sellers will get exhausted but we don't know how strong the buying sentiment is. Is it enough to push further gains to ~$0.33 where the ~443K might become sellers?

     

    HardToLove
    3 Oct 2012, 01:23 PM Reply Like
  • RBrun357
    , contributor
    Comments (791) | Send Message
     
    HTL,

     

    My question is about NITE, they have been sitting at $.30 for a very long time even when the price was below, they just waited for it to come back up. I believe once NITE is exhausted then we will have a chance to climb up but not until NITE gets rid of their basket full of remaining shares.

     

    357
    3 Oct 2012, 01:30 PM Reply Like
  • RBrun357
    , contributor
    Comments (791) | Send Message
     
    HTL

     

    We have a little pecking going on at the $.30. We need a late day charge like yesterday to take out NITE!

     

    Just saying!

     

    357
    3 Oct 2012, 03:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    RBrun: NITE is one of the biggest in the business. The number of brokers and their customers that get orders routed to them is immense.

     

    If we could take them out i would be ... "flabbergasted", as well as pleased.

     

    I'm thinking that we'll see them here for a long time, but what I expect is that inter-day (not intra-day), is when we see them move offer up. This is *guessing* that they have many that throw orders in early and leave them alone and we only see NITE adjust down intra-day, for the most part, on the ask when more of the customers show up (from the left coast maybe?) and see that the can offer 1/100th less and maybe get filled.

     

    But I'm only speculating there, so it shouldn't be used for anything but "jawboning" time.

     

    Bid went to $0.297 now.

     

    HardToLove
    3 Oct 2012, 03:25 PM Reply Like
  • RBrun357
    , contributor
    Comments (791) | Send Message
     
    $0.2971, getting ready for the explosion! ha!
    3 Oct 2012, 03:36 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2806) | Send Message
     
    Does anybody have any information if the NS order shipped? The original press release said 90-120 days, which would be the end of August (120 days). If not shipped, any indications of why?
    3 Oct 2012, 01:34 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Rick, I have seen no indication that the order has been shipped or the inverse. We do have a recent photo of the NS 999 outside the shop in Altoona in a state of what appears to be no work done yet.

     

    There has been speculation that some delays occurred as a result of weather in the region and that the most recent government grant received by NS and Penn State might have offered a reason for delay.
    3 Oct 2012, 01:51 PM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    Rick,
    As far as I know we haven't had an update since the CC. TG said in the CC that they were ready and able to fill the order but that they were waiting on NS to request shipment. So the ball is in NS's court and Axion is waiting for them to pull the trigger.
    3 Oct 2012, 02:01 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    This is a link to the grant for NS that WTB found. One could make a pretty strong argument that NS was waiting to receive the grant.

     

    http://bit.ly/S6EdoV
    3 Oct 2012, 02:04 PM Reply Like
  • D Lane
    , contributor
    Comments (1525) | Send Message
     
    I would add that Al spoke to TG at CEDIA and seemed to be assured that the NS business is still on track.
    3 Oct 2012, 02:20 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    I was looking for a link or transcript to the 2Q CC. Did they not post it?
    3 Oct 2012, 02:38 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    Stefan

     

    Look under: Investors - Presentations
    3 Oct 2012, 03:20 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    Thanks Poul. I did and initially clicked on the 1Q and started scanning looking for the particular point, before I realized it was from May when I noticed Mercy's name.

     

    For some reason, it has not been posted.
    3 Oct 2012, 03:30 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    Stefan: they don't normally post the transcript until right before the next conference call. Until then, it is only available as a recording.
    3 Oct 2012, 03:35 PM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    Rick,
    I also have to wonder if NS, like many other companies, is waiting to make decisions on spending money to meet EPA requirements, until after the US elections. Watching the debate tonight, one can imagine that a presidential change might also mean a delaying or canceling of EPA requirements that are now scheduled in coming years. I know that in the case of NS, there is also the fact that they can save money by switching to an electric yard slug, but since we've already heard rumblings to the effect that there are some in the company that don't believe in a battery locomotive, after what happened with the original NS999, you have to wonder if part of the delay is a wait and see approach, until after November, to see if changes to EPA requirements are forthcoming.
    IMHO.
    4 Oct 2012, 04:15 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I have nothing to add on the political situation because I'm pretty far removed, but the rumblings you've heard are coming straight from the trolls. Rumors from low branches on the grapevine have NS modeling fuel savings using different OTR configurations on their entire network and getting far better financial results than they expected. The OTR solution apparently pays handsomely, with or without the EPA.
    4 Oct 2012, 05:44 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >JP ... I really don't consider myself as a troll (could be wrong though) because I have worried that the shifting into over-drive of the SD project might have adverse implications for the battery project. I got my case of "worry warts" from reading emails among Green Goat enthusiasts (not really reliable), an Altoona Juanita Shop employee, and directly from an operations manager. All said the NS999 doesn't stand a chance over gensets. I personally don't believe it, but that is not going to stop me from wondering if it is true. It at least shows me there is resistance. In the end, if successful testing completes, the cost savings are going to dwarf any diesel configuration.
    4 Oct 2012, 08:40 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    Did they state what their rationale or line of thinking was when they said that? Perhaps they are still stuck with the previous failed lead acid battery attempts and think this one will fail in line as well.

     

    I could see where they might have that line of thought, but I think the bottom line of cost savings, as you pointed out, is going to win that argument for their superiors when the NS999 with the PbCs proves to be a success.
    4 Oct 2012, 08:49 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I certainly don't consider you a troll DR, but they're usually the source of the lamentations that reach people's ears so I made a faulty assumption. I apologize.
    4 Oct 2012, 08:58 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >dastar ... Like I've stated before, the reason IS the previous 3 failures of battery usage, skeptical comments from above their pay grade, a preference for a known technology, current vendor pressure to push the diesel projects. All these are not reliable as to what a final solution might be from even further up the food chain but it points out to me that the batteries will be under pressure every step of the way. It's all up to the battery and no quarter seems likely to be given ... so, naturally ... I worry. Maybe it's wrong for me to burden ya'll with my worries. I just do because this is a sympathetic forum for my faith in the battery. I'll stop.
    4 Oct 2012, 09:11 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    DRich: "I'll stop."

     

    Please don't. The issues are real, considerable and germane.

     

    IMO, those thoughts belong here along with any positive stuff, which has a natural h00m0n tendency to predominate, increasing likelihood of decisions being made incorrectly using incomplete information and/or considerations.

     

    HardToLove
    4 Oct 2012, 09:17 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    Ditto what HTL said
    4 Oct 2012, 09:19 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    No worries DRich. Your insight is appreciated as always and your worries do indeed come from a good place.
    4 Oct 2012, 09:33 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    >Don't stop DRich. Your explanation of the concerns you've voiced and their origin is absolutely perfect. There has to be some skepticism in the rank and file because of the prior failures. There has to be competition from vendors of other solutions. We can't avoid the business risks of trying to dislodge an entrenched competitor - and that particular competitor is well entrenched. As long as we don't start convincing ourselves that the executive suite has somehow changed its collective mind, we have a shot and anybody who thinks it will be an easy path needs to be disabused of that idea.
    4 Oct 2012, 09:38 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >All ... Thanks for the kind words.

     

    One last note to the board about my faith that the Green Goat will be resurrected & replace the 3 diesel genset over the next 10 year (that will be about 3k units). The owner of the local railroad here owns a genset. He has expressed the same skepticism but would be willing to tear 2 of those diesels in favor of batteries if it was proven to save some fuel and wind up with 3 Green Goats. It would be a 5 year project for his road. Still, it's all up to the battery.
    4 Oct 2012, 09:48 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    DRich - if there was unbridled enthusiasm on this board, then I likely wouldn't be here. Any intelligent discussion requires a review of both the positives and negatives to come to an overall conclusion.
    4 Oct 2012, 09:51 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    Your concerns cause you to investigate and dig up morsels like this one. Thanks for the insight, DRich. It's nice to know that despite skepticism, he's still open to it.
    4 Oct 2012, 09:52 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >dastar ... It's all about saving fuel ... read that as money. I think the local railroad owner's biggest concern (and the one that will bring him along slowly) is the previous Goat batteries burning the unit down to the frame. A total loss worries him. I would expect NSC has to successfully demonstrate for several years before euphoria breaks out among the small roads.
    4 Oct 2012, 09:58 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    Yeah, saving money is the reason why I think it'll win out once the PbC has proven itself. I was just surprised that the railroads are still willing to even give lead acid another try after being burned several times before.

     

    I'm surely not complaining, though!
    4 Oct 2012, 10:00 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    They're not giving lead-acid a try. They're giving an asymmetric lead-carbon supercapacitor a try.

     

    It's an entirely different animal.
    4 Oct 2012, 10:04 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    True, JP. I stand corrected. I think I was just going by most people hearing the word "lead" and turning the other direction or replying with "But everyone says the future is in Lithium".
    4 Oct 2012, 10:09 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >dastar ... Railroads never give up on ideas that make sense, save money and are cheap to implement. Heck, they will even retest things that make no operational sense on the assumption that this time might be different. Look at CN testing NatGas. Failed last time around and would not make it by regulators for hazardous load placement. It is known to save money, so why not give it a go.

     

    After 80 years, I'm convinced the PbC is the battery they have been waiting for because of the way it performed in Siberia back in the early 1990's and all the suppositions have proven to be true (or better). I was stupid early getting into Axion but I'm anxious to find out if it has legs.
    4 Oct 2012, 10:14 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The Valley of Death is littered with the bleached and rotting bones of lithium armies who stopped to rest and reflect on their wondrous future, and while resting died. The casualty list is amazing:

     

    Valence – Bankrupt
    Ener1 – Bankrupt
    Altair Nanotechnologies – Emergency sale to Chinese for pennies
    A123 Systems – Emergency sale to Chinese for pennies
    JCI-SAFT – completed divorce where JCI got custody
    Dow Kokam – troubled
    Compact Power – troubled

     

    Who could have possibly foreseen such a catastrophe?
    4 Oct 2012, 10:19 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    John: We know who couldn't - DOE and Chu.

     

    HardToLove
    4 Oct 2012, 10:25 AM Reply Like
  • magounsq
    , contributor
    Comments (990) | Send Message
     
    DRich

     

    One would think that the NSC leaking of employees' comments would be known and addressed by management, especially with the history of NS999.
    If I were in a (NS999 project) management position, I would look into each "leak", address the issues raised.
    If legit, address it, if not, address that immediately.
    My understanding is that this is a very important and costly investment for NSC. (understated)

     

    Could be disenchanted employees, legitimate concerns or just trolls spreading more disinformation.

     

    My guess is the latter.
    4 Oct 2012, 10:49 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    DRich, you're one of, if not THE blog's RR experts, so I'd like to keep reading EVERYTHING you're thinking about RRs and the PbC.
    4 Oct 2012, 10:58 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I've noticed that whenever people don't know something, but want to, the first tool they pull out of their case is speculation, followed shortly thereafter by innuendo and conjecture. I suspect Thought Doc would probably tell us it's just part of the human condition. Unattributed speculation, innuendo and conjecture is difficult to process. Once it gets attributed to particular people or groups of people, it's easier to put into context.
    4 Oct 2012, 11:00 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2806) | Send Message
     
    The future is Pure bio-Carbon, commonly known as PbC.

     

    We need to get away from Pretty boring Crud.
    4 Oct 2012, 11:08 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >magounsq ... My! My! You do want to live in a very harsh world. No one I talk to is directly related to the NS999 project. No one is actually in the decision making loop for much of anything to do with their specific roads budgetary planning (except my local road). They talk to me on their own time and offer opinion & color more than fact. This amounts to watercooler talk, so take for what it's worth

     

    I believe we all still live in an "Amerika" where we are free to express ourselves ... or at least I hope so. Wall Street does it at much higher levels. I don't want to live in or around anything that resembles a "Pullman" town.
    4 Oct 2012, 11:08 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Life would be easier and a lot more fun if the owners of "opinions that count" would speak them more openly. Unfortunately we have to make do with what we can get and try to add a blotch of color to the landscape whenever we can.
    4 Oct 2012, 11:19 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    "Pullman" ... nice reference.
    4 Oct 2012, 11:34 AM Reply Like
  • thotdoc
    , contributor
    Comments (1839) | Send Message
     
    Please don't stop. Your thoughts are an important source to consider.
    4 Oct 2012, 11:38 AM Reply Like
  • thotdoc
    , contributor
    Comments (1839) | Send Message
     
    I'm actually working on an article that describes why so many of us do not make as much money as we could in the stock market.

     

    So far the Dimensions are Cognitive style (very either/or and I know I'm right versus I can't trust my decision making process so I need to find someone to tell me what to do); Sentiment (The world is going to hell in a hand basket versus What the hell, let's bet the farm...I can always make it back); Self Experience ( I do deserve to be successful versus I don't deserve to be this successful), and several others.

     

    The self experience one is the most difficult one to fix and why people who have success often end up throwing it away.
    4 Oct 2012, 11:50 AM Reply Like
  • thotdoc
    , contributor
    Comments (1839) | Send Message
     
    This should have been placed as a response to JP, a bit further down in the list.
    4 Oct 2012, 11:52 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I can't begin to tell you how many people I've known who made large fortunes in one industry and then lost everything by assuming they were a master of the universe in another industry. Frankly that's one of the biggest risks I see in Tesla. The fact that Elon was a software genius does not by transitivity prove that he'll be a good manufacturer or space explorer. The skill sets are completely different.

     

    Personally I prefer the learn everything first approach. I started working with Axion, for example, in late 2003. I spent three years getting to know the team, the technology and the industry inside out before deciding to bet the farm. I could still get blindsided by something completely unexpected, but I scaled a fortress of worry first and don't devote any time to worry now.
    4 Oct 2012, 11:54 AM Reply Like
  • magounsq
    , contributor
    Comments (990) | Send Message
     
    DRich

     

    Ditto re HTL, JP, Jon, dastar, Stephan et al.
    Don't stop!

     

    That's what make this blog so valuable...pros/cons/c...
    ... hidden agenda except by trolls.(no...NOT you!)
    You raised what might be attributed to actual employee comments that you opened to be addressed...disenchant... scarred employees who are venting...or trollish actions...who knows.
    A big value here is raising this type of information where it can be disclosed and adequately addressed.

     

    Thank you!
    4 Oct 2012, 11:57 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I just found a brilliant set of new Avatar Photos for the APH

     

    http://bit.ly/VlL2n8

     

    Where every little detail counts.
    4 Oct 2012, 12:02 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    "nit-picking" are we? ;-)

     

    HardToLove
    4 Oct 2012, 12:16 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    In the extremely careful and deliberate sense of the word - yeah!

     

    I still like the Holmes photo best.
    4 Oct 2012, 12:18 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    Thotdoc, you just went through my daily workout.
    4 Oct 2012, 12:53 PM Reply Like
  • Renzo
    , contributor
    Comments (353) | Send Message
     
    Carbon-Metal Capacitive Storage (CMCS) is the future.
    4 Oct 2012, 12:53 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    If you were curious about innovation in the nit and lice comb industry:
    "Attention, please:
    LC-09 has been improved now. After improvement, it's shape are more beautiful and also it are more suitable for operation. More and more users are buying the improved comb. "
    4 Oct 2012, 02:16 PM Reply Like
  • SMaturin
    , contributor
    Comments (2305) | Send Message
     
    Renzo and Rick,

     

    I have been thinking "CarboCap" has a nice ring to it, both in that it describes the true design of a carbon-anode capacitor better than the PbC moniker, and that at least one goal of using them is ultimately to "cap carbon emissions".

     

    "CarboCap(TM) Batteries. When you care about Mother Nature's bottom line as much as your own."
    4 Oct 2012, 04:45 PM Reply Like
  • Renzo
    , contributor
    Comments (353) | Send Message
     
    Nit-picking? Moi?
    4 Oct 2012, 05:09 PM Reply Like
  • Renzo
    , contributor
    Comments (353) | Send Message
     
    "CarboCap" is good.

     

    I think the ad boys might have a problem referring to "bottom" lines and mothers, though. :)
    4 Oct 2012, 05:14 PM Reply Like
  • magounsq
    , contributor
    Comments (990) | Send Message
     
    DRich

     

    "You do want to live in a very harsh world"

     

    My apologies if necessary...no malice intended...believe me...see my comment below dated yesterday.
    No, I do not "...want to live in a harsh world."
    I am actually a cup half full person.

     

    The world can be harsh at times...as with others I've been burnt, especially the past few years. (no...not stock)
    It is what it is.

     

    I tire of the trolls (NO...NOT YOU)...especially the under the radar ones.
    Tire and waste of time reading EVangelists emotional comments.
    Frustrated with lack of transparency and misinformation with our political leaders and their decisions.

     

    I was merely speaking from a manager's perspective re NSC...any frustrated employees, let's talk...that's all.

     

    My turn for a time out!

     

    Have a great weekend!
    5 Oct 2012, 11:09 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >magounsq ... No one I talk to (and refer to) could in any stretch of imagination be considered as "frustrated" with their railroad career or the companies they work for. Frustration might show when the discussion turns to the forces aligned against the railroads but most know this can, for the most part, be traced right back a century to when railroads were an abusive force in society and really poor management after WWII. I'd classify them more as railroad fanatics. These people are all for whatever it takes to build & maintain the best passenger & freight system.

     

    There are no secrets exchanged. No malice for the industry, executive management excepting, occasionally. If you ask their opinion it will be grounded in their culture, the history and bluntly stated. They don't put much faith in the battery solution that I believe has been found. They are more that willing to give any solution a go but show them it works.
    5 Oct 2012, 11:53 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    My favorite attitude in the world is "I'm willing to learn, but you have to show me that you can beat my expectations." If Axion can depend on that from the railroads nobody could ask for more.
    5 Oct 2012, 12:00 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    DRich: AFAICT, a perfectly stated example of a "typical" working-man's attitude and behavior.

     

    I found that my management never seemed to quite ... "cotton to it".

     

    In those cases where management was right and it was demonstrably so, we gave them begrudging kudos, kicked our respect up a notch to "maybe one of the better managers ..." and got right back to it.

     

    My take, which may be incorrect, is that they confused "blunt honesty" as "hostility" and treating them like "one of us" as lack of respect.

     

    Well, on the second one, they might be right. I always began with a basic level of respect and then adjusted up and down, over time, as their behavior warranted.

     

    MHO,
    HardToLove
    5 Oct 2012, 12:33 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    Enhanced Flooded battery for S/S in VW.

     

    I went to a VW dealer today and enquired about which battery they use in the new VW UP (with S/S).

     

    We went to take a look at the battery, but no marks or indications. Then they looked it up in the computer. The specification was "75AH/175A Enhanced Flooded Battery". No other information.

     

    I explained about the problem with DCA and he told me he had never heard about any problems with that. He had a VW Polo with S/S himself and had driven 320.000 km so far. He did then mention that if the air condition was on it happened that the battery was not charged enough, and the S/S would not stop the engine at traffic lights. But he did not consider that a failure, just a protection of the battery to make sure the car always can start.

     

    Air condition is only needed for cooling a few weeks per year in Denmark for the "hot" 30 deg Celsius days. I.e. it is not really needed.

     

    The new VW UP (= Skoda Citygo = Seat Mii) is as standard supplied with "Blue Motion" i.e. S/S and brake recuperation. Efficiency is 23,8 km/liter.
    The UP alone is now (on a monthly basis) more than 10% of all new cars sold in Denmark.
    My sister ordered on in the end of July. She will get it the week before Christmas. VW just simply cannot manufacture them fast enough.VW UP has been on the market since February 1st this year.
    3 Oct 2012, 02:11 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Poul, Thanks for the dd on VW.

     

    Interesting the dealer representatives perspective on SS and when it should function. I agree that this is at some level how it's being sold. Not at the top marketing level though. Much like the Nissan Leaf reality can differ from real world. You need to cautious to peel back the first layer of sales packaging.
    3 Oct 2012, 02:42 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    iindelco

     

    I really think he never heard about the problem (as a problem) before.

     

    He was not a sales guy but a more technical one that sells spare parts. The sales personnel did not know anything about the batteries at all, and asked me to contact him, when I asked what type of battery they used in the UP.
    3 Oct 2012, 03:17 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Thanks Poul, I can understand the technical parts guy perhaps not being up to date on how the battery relates to all the factors that impact SS in a vehicle. And sales guys. Some never cease to amaze me with their ignorance relative to what they are selling when it comes to car dealerships. Not all.
    3 Oct 2012, 03:33 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    NITE seperated from NITE by .001, lol.
    3 Oct 2012, 03:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I have to love people who fight over a tenth of a cent on a $.30 stock.
    3 Oct 2012, 04:00 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    1/10 of a penny wise, pound foolish.

     

    On the other hand, with the bad reputations MMs sometimes have, I wouldn't be surprised if the bid was a phony ploy to get someone to bite on the pool of shares they seem to still have at 30 cents. Whatever, though---was another good day for the stock.
    3 Oct 2012, 04:13 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4100) | Send Message
     
    its the equivalent of fighting over a dime on a $30 stock... not entirely unreasonable...

     

    in any case... tomorrow's the next show... can we string 3 up days in a row?
    3 Oct 2012, 04:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The 10-day volume chart is looking real pretty right now at 466,200, up a little over 50,000 from the last chart. Since the next two days to fall out of the average will be 284K and 241K, respectively, a move through 500,000 by Friday is not out of the question.
    3 Oct 2012, 04:50 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    The accompanying article that is written in Spanish, but I recommend reading it:

     

    Litio, el "oro blanco" del Cono Sur. Litium, The "Gold-White" of Cono Sur

     

    http://bit.ly/RdivuO
    Have a good day.
    Carlos.

     

    Note: Cono Sur is the name of: Argentina-Chile & Bolivia.
    3 Oct 2012, 04:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    In google "Litio, el "oro blanco" del Cono Sur" and pick one of the translate pages entries returned.

     

    HardToLove
    3 Oct 2012, 04:15 PM Reply Like
  • Renzo
    , contributor
    Comments (353) | Send Message
     
    Carlos, nice find.

     

    If the EV hype turns out to be as overdone as many of us suspect, the lithium "white gold" may turn out to be "fool's gold".
    3 Oct 2012, 04:21 PM Reply Like
  • Renzo
    , contributor
    Comments (353) | Send Message
     
    Thank God for Google Translate. That was a very interesting, balanced article.
    3 Oct 2012, 04:30 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Carlos,
    Are you really going to make me learn how to use google translator?
    Really?

     

    OK, its time to learn
    3 Oct 2012, 04:31 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Wow,
    that was easy.
    The article is not very forthcoming on lithium reserves although hints that it isn't all that valuable due to lack of demand. It doesn't seem to me that the science and consumer demand merge at this point to create a large mining investment.
    The countries might be smart to encourage private development instead of taxpayer development.
    3 Oct 2012, 04:39 PM Reply Like
  • tripleblack
    , contributor
    Comments (13589) | Send Message
     
    Futurist: Correct. Don't be surprised when China (for instance) starts to do this in the near future once again, reversing a recent trend... In their case, their provencial governments are grossly over-leveraged from the recent 5 year plan, and they are seeking to attract foreign investment to take risks they want to curtail in their lower level government accounts...
    3 Oct 2012, 05:39 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Triple,
    I think the same thing about China. They hold a lot of debt. They will now invest in basic industries in other countries and let foriegn investment plunk money down on risky investments in China.
    BTW. Very Smart.
    3 Oct 2012, 05:47 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    I will try to summarize the best of the article:
    -.Argentina-Chile & Bolivia have 20Millons-Tons (In reserves), the largest reserves of Litium in the world. Total Reserves in the word: 40 Millons Tons.
    -.Bolivia has the largest deposit: Salar de Oyuni, Chile has de second: Salar de Atacama,
    -.In this moment Chile & Australia are the main producers of the world.
    -.Currently exploiting lithium in the "Southern Cone" is a business that is still in its "infancy".
    -.The big problem in Bolivia is that its lithium salt is very mixed with magnesium and expensive inputs are needed to separate. Bolivia does not have the Tech and is looking for that.
    -.Argentina, however, benefits from having a pure lithium deposits in the northwest of the country, since the presence of magnesium is less. Today, this country has a single site running: the Salar del Hombre Muerto in the province of Catamarca.
    -.Argentina today: produces and exports 15,000 tons of lithium carbonate and Chile 59.000 Tons. (Per Year, I belive).
    -.Plans to expand exponentially lithium extraction betting on a future in which the demand for this soft metal is multiplied, as the oil price will disappear and becomes inaccessible. In this sense, many highlight the strong growth that has already taken the value of lithium, which since 1998 has increased by 238%, according to estimates published in Chilean media.
    -.Despite growing demand, say experts like Alée lithium reserves are sufficient to last 1000 years, which will ensure that the price is kept low. The main reason is that the lithium is used in very small amounts. In mobile computer batteries and quantities used, but even in batteries for cars this substance represents only 5% of the total product.
    -.Forbes referred to the region as the "Saudi Arabia of lithium".
    Good night-Carlos.
    3 Oct 2012, 06:49 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (798) | Send Message
     
    This year I ride in Bolivia and sorry to say: Bolivia is very underdeveloped country and do not see any important change in the next 10 years.
    For the time being, it's best to ignore those 9 Million-Tons reserves.
    Carlos.
    3 Oct 2012, 07:08 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    (AXPW): Quercus in today? ~10% of volume is 37,521. 2x10K $0.30 AH plus 3 of the last four trades 17.5K.

     

    No way to know, but the timings and sizes are about right.

     

    HardToLove
    3 Oct 2012, 04:12 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6190) | Send Message
     
    It's great to see it back at .30!
    3 Oct 2012, 04:14 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    At this point I have to assume that Quercus has been in the market every day since September 12th. My guess is the market maker shorts as conditions allow, Quercus fills as required during the day and there's a balancing entry at the end of the day.
    3 Oct 2012, 04:16 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    I'm assuming Q is down to only 110k shares or so, which means they'll finally be done within only a few days, at current trading volumes. Finally. Good riddance.
    3 Oct 2012, 04:26 PM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    I was thinking the same thing. HTL. Based off JP's stats, they are about out of stock.
    3 Oct 2012, 04:46 PM Reply Like
  • anthlj
    , contributor
    Comments (228) | Send Message
     
    Good riddance, yes. But let's not forget they have exited in a very civilized manner, for which, I suppose, we should be grateful (bottom feeders perhaps less so)
    3 Oct 2012, 04:53 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1732) | Send Message
     
    HTL: I bought 10k at 16:01:14

     

    I agree with one of the posts above saying there is still a rather large supply of shares offered at .30c

     

    It will be interesting to see what happens when that price point is breached.

     

    I still stand by my call (yesterday) that the bottom occurred on Monday, Oct 1st with the intra day low of .252 cents

     

    Time will prove me right or wrong...
    3 Oct 2012, 04:57 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Occam,
    " Time will prove me right or wrong.."

     

    Now that is a brave pronouncement. :-)
    3 Oct 2012, 04:59 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1732) | Send Message
     
    Well, I once was wrong, but I was mistaken...
    3 Oct 2012, 05:05 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    LOL,

     

    And now you know how to prevent that. You will enjoy the debate ( lie contest) tonight.
    3 Oct 2012, 05:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    OR: Well, I hope you're right. I've thought we were there several times. I can't remember if I ever got one right now. I think I'm not even tieing a stopped clock! :-((

     

    HardToLove
    3 Oct 2012, 05:21 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    HTL, Well that's unusual. If you've been following it almost all the AH trades for some time have not been anywhere near the high. Often under the close. This I feel is different.

     

    But hey. My TFH is out of calibration.
    3 Oct 2012, 05:32 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3101) | Send Message
     
    iindelco---OR posted above that 10k of the 20k afterhours shares traded was his purchase. That fits nicely with retail buy this time instead of Q. But I assume they did their selling during reg mkt hrs as usual.
    3 Oct 2012, 05:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13589) | Send Message
     
    SInce my order at $.25 was never filled, the idea that $.252 represented the bottom is OF COURSE going to prove accurate...

     

    There is nothing that infuriates us bottom feeders more than a slightly hungrier bottom feeder stealing our lunch!
    3 Oct 2012, 05:41 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Mr. I, Thanks for pointing that out. Maybe it is the mm for Quercus getting their business done intra-day and we're seeing some retail action in AH for a change. Been a long time since I've seen that if I recall correctly.
    3 Oct 2012, 05:47 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    TB, Look at the bright side. If I joined you at $.25 we'd have gotten filled and we'd be below $.20.

     

    I'll post it again. The little guy does look like he missed a fill in the $.25 range.

     

    http://bit.ly/VtsuyW
    3 Oct 2012, 05:52 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1732) | Send Message
     
    Sorry TripleB, I didn't mean to jinx you ;-(
    3 Oct 2012, 06:00 PM Reply Like
  • tripleblack
    , contributor
    Comments (13589) | Send Message
     
    Usually I can just bluff it out and mention my idea that the stock price is "likely to revert to the mean" or the 126 DMA or some such bs...

     

    But I really do believe we have seen our low.

     

    Oh well. I will just have to content myself with being the most morbidly obese overweight holding of AXPW in the pond. Those other bottom feeders who got in on the $.252 shares will probably swim by and flaunt their bragging rights...
    3 Oct 2012, 08:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I got a buck that says you'll be whining about being underweight by the time the price hits $.50 TB.
    4 Oct 2012, 12:09 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2264) | Send Message
     
    On the other hand, two wrongs don't quite make it right. So far I have managed to avoid this particular pitfall.
    4 Oct 2012, 12:53 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >tripleblack ... Don't feel too bad. Real bragging rights only actually apply to those that bought their entire position at $.252, the bottom, and diminish with share appreciation.
    4 Oct 2012, 01:00 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Au contraire DR. I think the bragging rights go to the highest average cost because that shows the greatest intestinal fortitude.
    4 Oct 2012, 01:07 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >JP ... Maybe so. The realization that what was once "colored" brain dead turns out to be just a deep coma returning to a conscious state. The mantle of being correct longer than any other investor is an exclusive club indeed. Yes, that miracle would truly be something to brag about.

     

    There is more to life than money.
    4 Oct 2012, 01:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I han't thought about it that way, but I suppose you're right. The frustrating part of all this are the recurring lessons that the PbC is a far more capable device than I thought it was when I made my big investment six years ago. I'd heard mention of micro-hybrids, but nobody was taking them serious yet. The possibility of rail was out there, but the Green Goat's failure had pretty well dashed those hopes and our brightest stars were renewables integration and T&D upgrade deferral. I feel like somebody who thought he was buying a silver bar and then learned it was really platinum.

     

    My ONLY disappointment has been my unreasonable expectations about the amount of time things would take.
    4 Oct 2012, 01:46 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2150) | Send Message
     
    JP,
    Make that 3 shares and you might have a deal.
    4 Oct 2012, 01:51 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I may be easy, but I'm not cheap. And I'm not about to waste Axion stock on something as foolish as a gentleman's bet.

     

    One of my favorite lessons from the early days in Houston is:

     

    "The only thing a man should feel free to waste is money, because even if he's a damned fool idiot somebody else will pick it up and do something sensible."
    4 Oct 2012, 02:36 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2150) | Send Message