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  • Axion Power Concentrator 231: April 27: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond 276 comments
    Apr 27, 2013 7:16 AM | about stocks: AXPW

    Latest News, Articles and Presentations...

    Axion Power on Panel at Energy Storage Economics 2.0 for New YOrk City and Beyond --

    The developer of advanced lead-carbon PbC® batteries and energy storage systems, announced its Senior Vice President of Sales and Marketing, Vani Dantam, has been invited to participate as a panel expert on energy storage, at the upcoming AGRION event in NYC.

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    Axion Power's CEO Discusses Q4 2012 Results - Earnings Call Transcript

    Thomas Granville CEO: "We left the designation 'development stage company' in the dust in 2012 and there's no slowdown in sight."

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

    Axion Power Reports Results for 2012 --

    Chairman & CEO Thomas Granville commented, "Axion continued to make important strides in the fourth quarter, making 2012 a landmark year overall. Obviously our best year ever will be the first year when PbC revenue starts to show significant growth but it was a good step in that direction that we were able to recognize the first big PbC sale in the 4th quarter, to Norfolk Southern. This coincides with our first 10K filing without "development stage company" status. With our increase in sales, and more specifically sales of our core business product, we are now recognized as a commercial entity for filing purposes.

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    Axion Power Completes New Continuous Roll Carbon Sheeting Process

    "This is a giant leap forward for us and allows us to make a better product at a reduced cost," said Axion Power's Chairman and Chief Executive Officer Thomas Granville. "It's the final step in automating our complete activated carbon negative electrode manufacturing process and it brings us tighter quality control, better production yields, meaningful production quantities and significant labor cost reductions..."

    -------------------------------------------------------------------------------Axion Power and EPower Engine Systems Inaugurate Strategic Alliance Using PbC Batteries in Hybrid Drivetrains for Class 8 Trucks

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

    Dr. Ed Buiel, Axion's CTO until the end of 2010 -- A link to an archive of his comments on yadoodle about the PbC battery and much more. Invaluable commentary! Thanks to 481086 for putting the list together.

    Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications -- Axion completed shipping its high-performance PbC batteries to Norfolk Southern Corp. (NYSE:NS), one of North America's leading transportation providers, for use in Norfolk Southern's first all electric locomotive - the NS-999.

    Axion Power Residential Energy Storage HUB Certified to UL, CSA Standards -- Axion receives UL certification and CSA Standards for their Residential Energy Storage HUB.

    "ePower's Series Hybrid Electric Drive - Unmatched Fuel Economy for Heavy Trucks" -- by John Petersen. Discusses the potential fuel savings for ePower's Hybrid electric drive for class 8 trucks using Axion's PbC batteries.

    "Axion Power - A Battery Manufacturer Charging Forward" -- by John Petersen. This is an excellent summation on Axion Power's history. It is a good starting point for introducing Axion Power to friends and family.

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    Axion Power Weighted Moving Average Prices and Volume:

    (updated through 4/26/2013)

    (click to enlarge)

    (click to enlarge)

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    Axion Power Monthly Volume versus FINRA Short Percentage:

    (by John Petersen)

    In late January I wrote an Instablog about the precipitous decline in reported FINRA short sales as a percentage of total trading volume. Over the last two weeks that trend has accelerated and the percentages for the month of February and the last four weeks are solidly in single digits. I view this graph as another confirmation of seller exhaustion. The big uglies are history and it looks like everybody who really wanted to sell already has.

    John Petersen's instablog here.

    (click to enlarge)

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    Axion Power Concentrator Comments:

    Over 50,000 comments!

    (click to enlarge)

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    Links to important Axion Power research and websites:

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

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

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

    Axion Power Intra day Statistics Tracking: HTL tracks and charts AXPW's intra-day statistics.
    --------------------------------------------------------------------
    Be sure and either follow the Axion Power Host ID on Seeking Alpha or click the check-box labeled "track new comments on this article" just ahead of the comments section!
    --------------------------------------------------------------------
    WARNING: This is a troll free zone. We reserve the right to eliminate posts, or posters that are disruptive.

    Enjoy!

    Disclosure: I am long OTCQB:AXPW.

Back To Axion Power Host's Instablog HomePage »

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Comments (276)
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  • carlosgaviria
    , contributor
    Comments (797) | Send Message
     
    WOW!!

     

    Today I am the primero-Carlos
    27 Apr 2013, 07:22 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    Felicitaciones!
    27 Apr 2013, 07:26 AM Reply Like
  • jpau
    , contributor
    Comments (753) | Send Message
     
    Third?
    27 Apr 2013, 09:21 AM Reply Like
  • greentongue
    , contributor
    Comments (800) | Send Message
     
    No matter what, we can't stop the clock. At some point, SOMETHING will happen. In theory it will be good, the doubt is how good?
    27 Apr 2013, 09:51 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Good is a relative term. What we get and how it's perceived depends on where each of us stands and our individual expectations. If you have money to deploy in Axion 0.25 USD or lower might be nice for a period. 0.50 USD not so good. Just examples. All depends how you've positioned yourself for the event. Binary events offer opportunities in long term processes. Especially when some get surprised and over react.

     

    But really the price is far less important than the entity providing the capital. I'd take a hand shake with Bosch at 0.20 USD over another placement from the last group of investors at 0.35 USD in a heartbeat.
    27 Apr 2013, 10:18 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2590) | Send Message
     
    Bosch - interesting player ... Didn't think about Bosch or Valeo.
    27 Apr 2013, 01:55 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Bosch would be a very favorable partner (Probably the best). They could more readily justify an investment in the area because they are easily top 5 in automotive electronics, they are big in power train technology and are a front runner in SS, they have LAB operations, they are not a public company so it is easier to justify buying technology for the long term and they a German based which to me means they are from a culture that respects, understands and supports industry more than most because they know its value.

     

    Valeo, who I worked for for many years, is not a good fit. No current operations in battery tech. and they just did a large acquisition in the US. Maybe the battery company that is under Valeo's largest stock holder would be interested based on their holdings in First National Battery. Small but they just bought Rombat with the interest of expanding in Europe.

     

    http://www.battery.co.za
    27 Apr 2013, 02:18 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2590) | Send Message
     
    ii -

     

    Bosch is a very good company. Not sure if you remember, but IIRC both Bosch and Valeo were mentioned as companies that Axion was working with in the Axion/GM grant application.
    27 Apr 2013, 02:33 PM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    I would not discount to zero prospects of an investment in Axion equity by one or more Canadian power distributors.
    27 Apr 2013, 02:51 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Stefan, Thanks for the reminder regarding the two in the grant application. Relationships have many different levels of commitment. In the case of these two both would be good for Axion but they would not be equal in weight or the probability of occurring.

     

    Anyway, Both of these parties should know the strengths and weaknesses of their offerings and the systems they are looking to support. I'm sure, even without the significant clue you found in the document you are referring to, that they are well aware of Axion's technology. The path forward through the mine fields in competitive industries is not often successfully traveled with blinders on.
    27 Apr 2013, 03:38 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    GT> Letting April 30th come and go in silence would be the last thing I would want to happen if I ran Axion.
    28 Apr 2013, 09:04 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (924) | Send Message
     
    Regarding that sorry company Exide: Their responsibility for the recent headline news only reinforces the perception that lead acid batteries are toxic to the environment while lithium and other batteries are perceived to be more green. Too bad these kinds of perceptions persist, and are perpetuated by irresponsible corporate behavior.
    27 Apr 2013, 11:03 AM Reply Like
  • Nathan Kemalyan MD
    , contributor
    Comments (533) | Send Message
     
    actually, you want me and a thousand people like me. I didn't put my money in for calculated return on investment within a calculated time. I did so because I like the story and I think the value proposition is compelling. I also followed prudent guidance for an investment of this type; it's money I can afford to lose. I've had my share of poor investments on "good ideas". I owned Ballard Power. I have owned a few geothermal stocks whose wells didn't perform over time. Those were learning experiences. This time I think I'm at the convergence of some powerful forces that will produce the payoff before too long.
    It's too bad I can't buy my next 50,000 shares from the company directly. If I and a thousand people like me could do so, we wouldn't be wondering who is the angel.
    27 Apr 2013, 11:09 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Actually Nathan I don't mind people that come and go for rational reasons be they personal or related to the companies performance. What I don't like as an investor are entities that take big stakes and just abandon the asset for no good reason as it relates to the company or worse yet those that push it around via mathematical models or worse just to gain advantage irrespective of the companies performance.

     

    But you are correct. People that educate themselves before they take positions and also share their thoughts in the process are very welcome indeed.
    27 Apr 2013, 12:24 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Still trying. This is probably a latent article from what we saw reported on earlier in the year.

     

    Reducing sulfation to lengthen life

     

    http://bit.ly/ZssgfE
    27 Apr 2013, 08:04 PM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    IIRC the prior report further noted that while methods had been found to prolong life of AGMs loss of water could not be prevented and ultimately caused battery failure.

     

    I noted that none of the studies found and noted on APCs mention charge balancing between cells or within a battery string.
    27 Apr 2013, 10:23 PM Reply Like
  • 481086
    , contributor
    Comments (3360) | Send Message
     
    Good to know that others sort of share a similar affliction to ours:

     

    http://bit.ly/15QPwb3

     

    Though all I can say is, these guys are pikers...
    28 Apr 2013, 02:14 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    48: From the article "Watching paint dry looks exhilarating by comparison" and your "these guys are pikers" highlights how important POV and personal situations are.

     

    For me, we're not doing badly because our impatience is impelled by emotion and expectations and a market environment that drives short-term expectations - it's an ADHD market we are in and by which we are influenced.

     

    OTOH, they went in with a boat-load of patience.

     

    MHO,
    HardToLove
    28 Apr 2013, 08:24 AM Reply Like
  • D Lane
    , contributor
    Comments (1305) | Send Message
     
    BYD ebus: "more than 90% of the battery would have to be used in order to achieve the results claimed"

     

    What does 90% discharge do to a lithium iron phosphate battery?

     

    "To test the performance of their buses, BYD held a trial run--not a buy-in--with Hertz in Los Angeles on December 23, 2012. The results of these trials as claimed BYD were that their electric bus produced a 155+ mile range while running at 1.66kWh/mi. Results obtained by the Post show that the trial actually produced a range of 123 miles with a 2.02 kWh/mi consumption rate--all with no heating or A/C, meaning that more than 90% of the battery would have to be used in order to achieve the results claimed by BYD. On a hot day with a full passenger load, the bus performance would actually result in about a 65 mile range at 3.8 kWh/mi. Estimated full-charge time for BYD buses is three to four hours."
    http://bit.ly/14zkTXI
    28 Apr 2013, 09:18 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Boy the marketing guys are really stretching it here. They probably pulled "Does the dishes" at the last moment.

     

    BYD deploying 48V vehicle platform

     

    "The new 48V platform allows the battery life to be extended to the expected life of the car, and support the transition to all-LED lighting, Electronic Parking Systems, hybrid and regenerative braking, idle start-stop energy management, automatic engine starts, low rolling resistance and advanced aero-dynamic designs."

     

    http://bit.ly/ZaeWsJ
    28 Apr 2013, 09:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    Note about responding to troll comments.

     

    The way SA structures their comment strings the deletion of a troll comment automatically deletes all responses to the offending comment. I've seen any number of cases where Axionistas run off on an intelligent tangent after a troll says something stupid. It's a shame when the baby gets thrown out with the bathwater.
    28 Apr 2013, 10:55 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    For those wondering about Granville's expectation that Axion would cashflow breaken by the 4th quarter 2013 the remark was edited in the CC transcript on the AXPW website by the insertion of 'before EBTIA." The remark was also made during the infamous 300% YOY conference call. I don't have any confidence Axion will be breakeven by year end.
    28 Apr 2013, 11:56 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2113) | Send Message
     
    BW,
    I always take those kind of comments with a grain of salt anyway. No matter who or which company makes them. Just a little common sense, to go from an R&D to a successful commercial company in 1 year? Possible, yeah, likely? No. The pressure of management to have to speak to shareholders when there are NDAs and things that can't be said about some future possibilities without ruining on going negotiations would be immense. Thus increasing the probability for a misstatement or stakeholders misperceiving meanings.
    28 Apr 2013, 12:13 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    SD> You are far more forgiving than the people I reported to as a sales and management executive in the past. I always led with my best foot forward and not in my mouth when asked about forward sales prospects.

     

    With respect to NDA's I have long wondered if Axion itself required anyone receiving batteries from Axion to sign an NDA to protect the release of any technical information regarding the battery's specifications and performance? Of course they could agree to allow data to be released as in the case of BMW's Istanbul presentation. It might be a good question during a conference call.

     

    I know several people who have exited with substantial losses because they no longer had faith with Axion's management. Some expect that in the end Axion will raise another $10M with the same or a similar group of flippers as the last cap raise.

     

    We will all have a much clearer picture of how competent Axion's management is based on the timing and results of the next capital raise.
    28 Apr 2013, 08:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    NDAs are typically reciprocal in all material respects. I have drafted one-sided NDAs relating to the disclosure of financial information, but I've never seen a technical NDA that didn't bind both sides.
    28 Apr 2013, 09:08 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    JP, I've seen several eager-beaver legal puppy-beagles try to get me sign one-sided technical NDAs.

     

    If their attorneys are that silly, or their clients so foolish to hire them, "No thanks." Usually common sense prevails, and we move ahead to first base with out any documents.
    28 Apr 2013, 09:37 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Rick and John, Thanks for the comments on how NDA's should be handled.

     

    Bang, Come on my friend. Axion has spent it's resources almost forever paying the salaries of mostly technical people to die for. And the BOD looks like a group of poster children that have achieved the top level of Maslow's hierarchy of needs.

     

    Third party stuff?
    28 Apr 2013, 11:46 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2113) | Send Message
     
    BW,
    Sometimes all you have to go on are intuition and a good BS meter. My sensitive BS meter hasn't registered on the scale at all as far as this management is concerned ( misstatements aren't deliberate BS or hype ). There are some other CEO's that I have heard in the last couple of years in differing fields of endeavor that peg the meter. ( I live in California and my meter gets a good work out around election time) ;-)
    28 Apr 2013, 11:57 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Indelco et al> I have no complaints about either the technical staff or the R&D progress Axion has accomplished. I have long complained about sales and marketing progress but people can take one of two positions on that subject. The first being they didn't have development far enough along or my view which is that you can never start building interest and relationships early enough. Talented sales people can sell nothing more than a daydream.

     

    As for stockholder relations I give the company a flat F. Vani lost my confidence when he PO'd NS. I rebought a small position in Axion because I hope I am wrong and TG will make a brilliant move with this capital raise. If it continues going forward as it has to date in terms of being a "blackhole" of accurate, actionable information then I'll forget it until it actually accomplishes meaningful progress. No more come card bets.
    29 Apr 2013, 12:21 AM Reply Like
  • Ranma
    , contributor
    Comments (1615) | Send Message
     
    Axion wouldn't be the first company to fail to realize the value of shareholder communication. It's true normally executives shouldn't worry about managing stock price, except when they are selling shares. We can only hope this time the open market share price doesn't matter for valuation.
    29 Apr 2013, 02:15 AM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    I agree that Tom is a bit of an anti-Reagan when it comes to shareholder communications.

     

    I disagree with the idea that Axion should have had a crew of dream weavers out building excitement among users over vaporware. The battery industry is lousy with academics, dreamers and ideologues of every stripe who promise the sun, the moon, the planets and all the stars but have a hard time delivering a meteorite. The customers don't want to hear how good things are going to be. They want a product they can submit to years of validation testing.
    29 Apr 2013, 07:25 AM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    Bang
    Could you give me a refresher on what Vani did to PO NS?

     

    BTW
    As Axion is aware of us I suspect they are also aware of our unhappiness. I expect if they could do anything they would have already.
    29 Apr 2013, 02:39 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    I'd like to hear that story myself because I'm certainly not aware of any conflict between Vani and NS.
    29 Apr 2013, 02:43 PM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    About this time last year Dantam told attendees of a professional conference somewhere that NSC could buy about 17 OTR battery locomotives for its crescent line. TG later said in a CC that NSC was not happy about Damtam's remarks.
    29 Apr 2013, 02:53 PM Reply Like
  • DRich
    , contributor
    Comments (4529) | Send Message
     
    >JP ... Way back when, Vani mentioned NSC was going to field a fleet of NS999 type locos. I believe I remember the number as being 75 over the next 3 years. A statement that Mr Granville walked back instantly.
    29 Apr 2013, 02:57 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    I recall a comment from TG about NS having some problem with Axion speaking in front of them. I've never heard anything linking it to Vani's words even though it would seem probable.
    29 Apr 2013, 03:07 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    Vani may have spoken out of school at an inopportune time but the grapevine was buzzing with the same numbers long before Vani spoke. Those kinds of blunders result in a stern warning, not abandonment of a multi-million dollar testing and validation effort.
    29 Apr 2013, 03:07 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    Iindelco: I also recall BMW being miffed? But that was TG I believe.

     

    HardToLove
    29 Apr 2013, 03:13 PM Reply Like
  • DRich
    , contributor
    Comments (4529) | Send Message
     
    >JP ... Bangwhiz has never posited the abandonment of the NS project because of Vani making predictions/pronouncem... of NSC plans. Previously we had gotten vague reports (but reports non-the-less) about battery testing & milestones events. Since then we have gotten no news at all other than battery shipment and had any inquiry about the project deferred to to NSC for information.
    29 Apr 2013, 03:22 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    HTL, Could be but I don't recall that event.

     

    I wonder if TG talks to himself in the bathroom mirror just so he can say something to someone! He now knows what it's like to have worked on the Manhattan Project.

     

    Edit: If we're only refreshing concentrators on Sat's and Wed's this one's gonna' be a nightmare to navigate by then!
    29 Apr 2013, 03:25 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Vani's remark was 5 to 10 locomotive conversions a year for the next five years at his first technical conference on Axion's behalf. Rick K attended the conference so he can probably quote him exactly. It was an ridiculous error to openly put words in the mouth of Axion's most important customer.

     

    Anyone with any significant major account relationship experience knows that is a no no. Why he did it I don't have a clue, but I knew it was going to lead to damage at the time, I said so at the time, and it did.
    29 Apr 2013, 06:57 PM Reply Like
  • DRich
    , contributor
    Comments (4529) | Send Message
     
    >bangwhiz ... Yeah, that's it. I knew I couldn't be more than a country mile wrong.
    29 Apr 2013, 07:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    With due respect Bang we have no idea whether Vani's remarks caused damage or not. Their first failure with the NS 999 did a huge amount of damage and was an incredible embarrassment. This time around NS is leaving nothing – absolutely nothing – to chance. They did double redundant testing for three years before buying the batteries. They've had the locomotive taking up valuable shop space for what strikes me as a very long time. This is a massive investment from NS that can't stand another failure. Attributing their caution to one slip of the tongue is simplistic and perhaps a bit naive.

     

    Salesmen are important, but for a project like the NS 999 the only people who really matter are the scientists, engineers and bean counters.
    29 Apr 2013, 07:56 PM Reply Like
  • LabTech
    , contributor
    Comments (1770) | Send Message
     
    "With due respect Bang we have no idea whether Vani's remarks caused damage or not."

     

    True John. But we do know that TG felt it necessary to later comment, in a response to a question about Vani's comments, that NS was not happy about them. We don't know if they did any lasting damage, but the fact that TG felt the need to say that NS wasn't happy about them, tells us that it didn't help.
    29 Apr 2013, 08:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    I learned a long time ago that (a) there is no snappy comeback to a man who says "We screwed up," and (b) it takes a really small counter-party to hold a grudge after a man says "we screwed up."

     

    The mistake was made. The batteries were shipped. The locomotive is in the shop. Everything else is baseless speculation that turns proper R&D and engineering protocols into some sort of relationship nightmare.

     

    Norfolk Southern is spending millions of dollars and they're doing it very carefully because the first time they spent millions of dollars it didn't work out according to plan. As Axionistas we want fast. Hell, we want yesterday. All NS wants is "problem free the first time."
    29 Apr 2013, 09:10 PM Reply Like
  • Keyboard
    , contributor
    Comments (67) | Send Message
     
    "Their first failure with the NS 999 did a huge amount of damage and was an incredible embarrassment."

     

    True, and to clarify for non-experts:
    The embarrassment and damage in the quotation was not related to Axion. Norfolk Southern was using another company's batteries at that time.
    30 Apr 2013, 01:05 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2590) | Send Message
     
    Bang, I'm with you on Vani's remark being a big mistake. That, combined with the lack of a significant PbC order in over a year now, has forced me to question Vani's sales ability. Maybe he's being micro-managed by TG, who's not a sales expert. I don't know, but how did we get from a guy who reportedly helped achieve $500 million of orders at EnerDel, to essentially nothing here so far? In 15 months of his employment already. That's too long for a supposed heavy-hitter to be batting zero.

     

    Or else there really is a problem with the product, such as its pricing, or with the prospective customers' discomfort with the financial weakness of Axion. They swing from having a year or two of additional runway to being almost broke, which they are now. That's gotta be a big negative when it comes to customer decision time. Everybody wants to know that future support will be there over the long life of the battery and its systems.

     

    Like I've said, I was comfortable enough with these risks before, but the lack of significant PbC sales has stretched for so long now that I felt compelled to re-evaluate the whole investment thesis. I also agreed with you, though, that at some price, it might be worth taking a flyer. Even unsuccessful sales mgmt might have some value for awhile.
    30 Apr 2013, 02:27 AM Reply Like
  • Lloyd Hanlin
    , contributor
    Comments (24) | Send Message
     
    Hey Guys:

     

    Bear with me. When it comes to computers I hunt and peck.

     

    Webb: Pbc batteries | Small Cap World.

     

    Click appropiately. You fellas analyze

     

    Lloyd Hanlin.
    28 Apr 2013, 02:36 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    Small Cap World is a blog site maintained by Allen & Carron, Axion's PR firm. They do a pretty good job of explaining Axion events, but they're not what most would consider independent press coverage. Unfortunately, once you have an economic relationship with a company as a contractor or former director, officer or employee you get classified as a biased observer forever, and usually with good reason.

     

    We biased observers are usually very good when it comes to facts but you always want to take our opinions with a grain of salt.
    28 Apr 2013, 02:42 PM Reply Like
  • Milhouse
    , contributor
    Comments (344) | Send Message
     
    Lloyd,
    I see from your bio. that you are a "retired electric company rate analyst", and that you are new to this blog.

     

    It sounds as though you may have some very useful information and experience, and I hope that you become a regular reader and contributor. We are all concerned with electric utilities and their operations here.

     

    Welcome!
    28 Apr 2013, 03:55 PM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    Wow,
    256 comments since I have been out since Friday. And to be honest. Not much interesting in those comments.
    I applaud Bang for coming to my conclusion that Bosch ( privately owned and one of the largest S/S suppliers could be our "strategic partner" If this was in the works for awhile it could explain the overstatement by TG a year ago. Lets not forget that the next Capital Raise would be for expansion.
    I give TG a little slack because I know his hands are tied with NDAs. How do I know this? The ad for the sales marketing staff member? It read that a suitable applicant would need experience with NDAs.
    Now I still like our friends up the road at Penn as a partner. I still like Viridity. All three are private. No news until they are ready.

     

    But it is a guessing game and we might just end up with an individual ( or group) we have never heard of.
    Sorry to have been absent.
    And my congratulations to Carlos for being #1. I don't believe he has ever had the honor previously.
    28 Apr 2013, 06:16 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (797) | Send Message
     
    Futurist: Muchas Gracias.

     

    Have a good night-Carlos

     

    Note: I also believe in Bosh and I think is an excellent partner.
    28 Apr 2013, 06:22 PM Reply Like
  • Lloyd Hanlin
    , contributor
    Comments (24) | Send Message
     
    JP

     

    Thanks. I admire your appropiate remarks.

     

    Lloyd Hanlin
    28 Apr 2013, 11:26 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    It's critically important to look at as many resources as possible when making an investment decision.

     

    I love what Axion is doing and am very proud of what it has accomplished, but I invested a big chunk of my life in helping to build Axion into a company that could bring the PbC to market and it's easy for me to see each sign of progress as confirmation that I made a good decision in late 2003.

     

    I've also spent a lot of time working with Axion's management team. They're men I call friends and admire. They're not supermen, but they are the best rounded team of professionals I've ever worked with.

     

    My biases are real and they run deep because I can only speak from the perspective of the shoes I stand in. The great thing about this Concentrator series is that there are so many people who don't have the same baggage bringing in useful information from other sources.
    29 Apr 2013, 07:39 AM Reply Like
  • jcrjg
    , contributor
    Comments (172) | Send Message
     
    John,

     

    I think this is a good statement. Given this I would encourage you to be a little more circumspect and tolerant of those who disagree with you. Personally, I get worried when people make such incredibly confident statements, especially in a situation like Axion, which has so much risk. The fact that there is tremendous upside and the price is so low that Axion seems like a good investment now, does not mean the risk is not real. As bang has pointed out because of the incredibly poor communications we are not able to adequately assess the risk, which is a good reason not to invest.

     

    Thanks.
    29 Apr 2013, 08:12 AM Reply Like
  • LT
    , contributor
    Comments (4855) | Send Message
     
    jcrjg.. I will add that I don't think it is fair to delete the posts from OMY or whoever it was..... because, they had links to prove every point.

     

    I am not promoting or defending whoever's post was deleted, I am just stating that this type of behavior has as much of a negative effect as it does positive.

     

    Just because someone disagrees and takes the other side does not make it bad.
    29 Apr 2013, 08:28 AM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    jcrjg> I am extremely tolerant of people who disagree with me.

     

    I am less tolerant of people who distort the facts and re-write history in an effort to support their position.

     

    I have no patience at all with people who try to put words in my mouth by quoting me out of context.

     

    Your opinion of how I should behave doesn't interest me in the slightest.
    29 Apr 2013, 08:34 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1040) | Send Message
     
    here is the problem with that logic: read the links. OMY can link whatever the want and say it means whatever they want if you don't check the links. there is nothing in those links that suggests AXPW is unable to compete on price or being dropped in favor of other tech.

     

    the links just show that AXPW is being/has been tested by other parties.
    29 Apr 2013, 09:24 AM Reply Like
  • growsmart
    , contributor
    Comments (164) | Send Message
     
    There is a difference between civil disagreement and rudeness.
    29 Apr 2013, 11:42 AM Reply Like
  • LawBoost
    , contributor
    Comments (12) | Send Message
     
    LT: "Just because someone disagrees and takes the other side does not make it bad."

     

    LT I agree with you, but OMY's comments the other day seemed to be meant to create fear, and not contribute to the conversation. The articles were very old (2007) and focused on things that AXPW is not currently doing or trying to achieve; so I don't see how it added anything to the current conversation. Those comments were nothing like Mr. I or Bang's that demonstrated concern over AXPW's actions over the last year. It is unreasonable to expect that a developmental stage company, or any company, to complete every project they begin. OMY reminds me of the political extremists of both sides who are screaming fire for every problem without ever providing all the facts. Such people create destructive environments that affect everyone with no benefits such as the current climate in DC.
    30 Apr 2013, 01:27 AM Reply Like
  • 481086
    , contributor
    Comments (3360) | Send Message
     
    There is a bit of difference between antiseptic, astringent, and... poison.

     

    Omy/Itwinkle? Utterly toxic.
    30 Apr 2013, 02:02 AM Reply Like
  • jcrjg
    , contributor
    Comments (172) | Send Message
     
    John,

     

    You have attacked people for damning with faint praise. I guess that faint praise could fall in the category of distorting facts, but it seemed to me that they just had a different interpretation of what is going on with Axion.

     

    I see Axion as being a promising company that has discovered a new battery technology with a different set of performance characteristics (weight, price, durability, temperature tolerance, charge acceptance, ...) and that has a path to large scale production. I think that should be useful somewhere important and we have some good ideas where that might be. You see a much more advanced company (great management, no financing worries, near term markets where there is a great value proposition, ...). Right now I have a very small amount invested in Axion and if you are right or partially right I would be comfortable investing more perhaps substantially more. Since you are the person who knows the most about Axion and its history I take what you say seriously. So I am trying to make my own assessment, part of that is learning to interpret your statements.

     

    However you also say things that, while partially true, are irrelevant to Axion at this time (initially saying that it is good that institutional investors are not interested in Axion, quoting a book to sales ratio when most of Axion's sales are of a product that they don't intend to sell in the future, ...). Given this and the extreme confidence of your current predictions, despite being wrong about important things in the past, I think this gives me my answer on how to interpret your statements. By the way, it doesn't bother me when people are wrong, especially when they have good reasoning behind their opinion (which you often have), but it does mean that we should be careful with our opinions and recognize the extreme uncertainty that Axion now faces.

     

    Thanks.
    30 Apr 2013, 08:28 AM Reply Like
  • jcrjg
    , contributor
    Comments (172) | Send Message
     
    LT,

     

    For this weeks post, at least on the 230 concentrator, there was nothing in those posts that should have caused them to be deleted. Overall I think this is a good site, and appreciate all of the effort that goes into making it work. If Omy has been very disruptive in the past and will just post continuously if not deleted, then maybe it is ok. But those posts were not rude, they addressed important issues, and made good points, though I did not agree with them all. I am positive on Axion but want to hear from those who are negative, even very negative.
    30 Apr 2013, 08:34 AM Reply Like
  • Keyboard
    , contributor
    Comments (67) | Send Message
     
    jcrjg, do not flatter yourself that you (and a few others who are tempted to become troll-petters whenever the stock sags) are the only ones who want to hear multiple points of view.
    30 Apr 2013, 01:19 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1040) | Send Message
     
    i want to hear multiple viewpoints, but i don't need rehashed arguments from the last 5+ years taken directly off yahoo MBs. in otherwords no OMY/ OMY clones
    30 Apr 2013, 01:23 PM Reply Like
  • 42itus1
    , contributor
    Comments (222) | Send Message
     
    Keyboard,
    " (and a few others who are tempted to become troll-petters whenever the stock sags) "

     

    Troll-Petters, I like that! Adding that one to my dictionary! Thanks
    30 Apr 2013, 01:44 PM Reply Like
  • LawBoost
    , contributor
    Comments (12) | Send Message
     
    Assuming that AXPW does not announce its next source of funding next week, based on the April 30 date from the CC, is AXPW required to file anything with the SEC by May 1 informing the public that it is still negotiating funding, or that its burn rate is less than anticipated so it still has money to operate, or that something else occured that allows AXPW to have funds beyond April 30?
    29 Apr 2013, 02:56 AM Reply Like
  • Ranma
    , contributor
    Comments (1615) | Send Message
     
    I think by May 1 if we get no announcement then it's time to start pestering over the phone.
    29 Apr 2013, 03:03 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    I understood JP to say that there is No further legal requirement from the SEC. I can't however, imagine a BOD that isn't communicating with its shareholders. Especially when the communication link is as easy as the Axion website and this blog.
    Significant events must be announced. Funding is significant. Continuing to burn more or less cash is not significant. I am fascinated by the silence. It speaks Volumes.
    29 Apr 2013, 06:11 AM Reply Like
  • LT
    , contributor
    Comments (4855) | Send Message
     
    Futurist can you expand on this:
    "It speaks Volumes".
    29 Apr 2013, 06:46 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    LT,
    I realize that many believe that TG is sitting on the brink of despair awaiting the doors to be closed. But conducting business as usual ( no layoffs, announcements, for sale signs in New Castle,etc), hiring new staff, and keeping quiet,means that all is done, except the formality. I will not venture a guess as to why the announcement is yet made. I simply know they have to announce it when they can.
    29 Apr 2013, 07:13 AM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    "...all is done, except the formality". TG may think that a PR piece in the news is just a formality, but it is actually what makes or breaks the action of the stock price...

     

    Let's hope they get something out before end of day today!
    29 Apr 2013, 08:38 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    04/26/2013: EOD stuff partially copied from instablog (up already).
    # Trds: 25, MinTrSz: 448, MaxTrSz: 16000, Vol 133648, AvTrSz: 5346
    Min. Pr: 0.2324, Max Pr: 0.2499, VW Avg. Tr. Pr: 0.2382
    # Buys, Shares: 14 56648, VW Avg Buy Pr: 0.2400
    # Sells, Shares: 10 72000, VW Avg Sell Pr: 0.2366
    # Unkn, Shares: 1 5000, VW Avg Unk. Pr: 0.2400
    Buy:Sell 1:1.27 (42.4% “buys”), DlyShts 16000 (11.97%), Dly Sht % of 'sells' 22.22%

     

    As we know from recent comments in the APC, assuming no subterfuge, one of our bigger sellers (apparently) was out Friday and will be out today (update: maybe not out today – posted a comment in the APC). As I suggested, the short volume and percentage dropped. I suspect this is because those shares that caused the spike in the daily short sales were sold through a market-maker that was not affiliated with the broker that held the shares. So I expect low daily short sales again today, maybe along with continued-low volume. A nice side-effect was seeing the buy percentage come somewhere near normal again although I suspect it will again plummet Tuesday, unless there's some nice PR issued.

     

    Meanwhile, the average trade size continues its trend of creeping up and “trying” to stay in the trend of increasing back to normal ranges. Today finished within the up trend and right in the middle of what I think is retail sizes.

     

    Since we have at least one apparently known big seller that will return tomorrow and one (at least?) still active through ATDF (and maybe other MMs), I don't see much value in even commenting beyond what I stated above, so no more today.

     

    Details of “Dly Sht % of 'sells'” and inflection points omitted here.

     

    HardToLove
    29 Apr 2013, 08:46 AM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    H2L, who is showing the current 250K BID @ .24 and the 250K ASK @ .245?????
    29 Apr 2013, 08:52 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Kent, I think those are only 2500 share mm bid/ask numbers.
    29 Apr 2013, 09:26 AM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    Now it is 1M BID @.2322and 9.8M ASK @ .244. Holy shit Batman!
    29 Apr 2013, 09:34 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Kent, You're thinking they are 100 unit blocks and there are 10k of them. This is not the case.
    29 Apr 2013, 09:39 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    KentG: I didn't see that and time & sales panel doesn't show it ever entered the system since 09:28. I had to restart my platform, so could have missed some T&S entries as it doesn't pull them back up from the past times of the day. Largest bid seen was the $0.244x100K.

     

    HardToLove
    29 Apr 2013, 09:44 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    KentG: Now I would've seen that one on time & sales panel. Largest was $0.2322x10K from ATDF - the usual ATDF block size.

     

    Maybe your platform has some glitches today?

     

    HardToLove
    29 Apr 2013, 09:47 AM Reply Like
  • mrholty
    , contributor
    Comments (952) | Send Message
     
    TD Ameritrade is showing at 11;35EST. Bid of 310k @ $.22 and Ask of .2419 of 1M shares.
    Volume for the day is 238,037. Looking at other stocks on my platform the B/A looks correct. Those are large amounts on both the bid and ask.
    29 Apr 2013, 11:37 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    MrHolty: Well, one of our platforms is scrogged. I don't see any sizes like that on my platform.

     

    I wish we had a third-party, like a finance.yahoo.com, that showed - even 15 minute delay would allow a confirmation. But I don't recall any that shows the bid/ask and sizes.

     

    I'm sure there are some.

     

    HardToLove
    29 Apr 2013, 12:06 PM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    Fellas, I had to go play golf. It is one of my few releases from the agony Axion is causing me. "Now it is 1M BID @.2322and 9.8M ASK @ .244. Holy shit Batman!" is what my Scottrade said. Prior to open it was 1m vs 1.5M IIRC. I checked my mobile Scottrade twice on the course and both times BID and ASK were 7 figures. Right now mine says 733,200 @ 212 BID and 250,000 on ASK @ 2148.

     

    Is it just me/Scottrade?

     

    thx
    29 Apr 2013, 04:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    KentG: See the other comments - DRich confirms what I see and ETrade suggests the same.

     

    IMO, something wrong with web-based displays as my ETrade web page showed similar while ETPro showed things like DRich had (he's Ameritrade, IIRC).

     

    Summary: No 1MM stuff on either side - some suggested it's multiplying by 10 (s/b 100 I think).

     

    HardToLove
    29 Apr 2013, 04:27 PM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    Now I get it. Thanks all.
    29 Apr 2013, 04:38 PM Reply Like
  • mrholty
    , contributor
    Comments (952) | Send Message
     
    It was multiplying by 100. On Ameritrade once you actually went to order and the step before confirming the order showed the correct (lower) amount.

     

    What I will say though is that today I had two orders out there both times below the current bid and within 5 minutes of my order they both were filled. Somebody wanted to get rid of their shares. I wonder.

     

    What makes me feel better about all of this is even if this co went BK (which I don't think will happen) I think the company would sell for more than the current mkt cap of $27M and with no debt other than trade payables I think we'd actually get more per share.

     

    I'd love to see a purely symbolic 100k share purchase by a reporting exec. It would do wonders that a PR couldn't. Insiders sell for tons or reasons but they only buy for 1 reason. Seeing something like this would be confirmation that the financing is not a concern and they think the stock is undervalued. The problem is with a company this small I don't know who could buy stock as they technically all probably know of whatever financing is taking shape.
    29 Apr 2013, 04:40 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    CORRECTION: I see DRich uses Fidelity!

     

    HardToLove
    29 Apr 2013, 04:48 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    The Altoona site is showing a teaser pic of the nose of NS999 in the shop. No detail to be had from the shot as far as I can tell. Scoll down as it's among the April 2013 group of pictures.

     

    At least we have confirmation that the legend of the NS999 is not a myth. There are signs it exists. ;))

     

    http://bit.ly/LdzZWW
    29 Apr 2013, 09:24 AM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    It you compare the old pictures with the new one it's pretty clear that the paint job has changed.

     

    http://bit.ly/YgJaiy

     

    Where the number used to be separated from the NS logo by the windshield, they're sitting on top of the logo today.

     

    Edit: I think the paint job difference was just looking at the loco from the rear instead of the front. Heavy sigh.
    29 Apr 2013, 09:38 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    I found a great rear shot. (no further comments)

     

    Thanks to the photographer Sean Gulden!

     

    http://bit.ly/16cdf5f
    29 Apr 2013, 09:51 AM Reply Like
  • LabTech
    , contributor
    Comments (1770) | Send Message
     
    Well, at least we know it's still being worked on. The space inside that shop is very valuable. It wouldn't be there if they weren't actively working on it. The longer it's in the shop, the sooner it will be done.
    29 Apr 2013, 10:16 AM Reply Like
  • D Lane
    , contributor
    Comments (1305) | Send Message
     
    Thanks, ii
    I love that NS 999.
    29 Apr 2013, 11:25 AM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    NSC share price (which has been a bit volatile of late) is up 2% today ($1.51). :-) A move on strength of rumor of an upcoming stake in Axion?
    29 Apr 2013, 11:50 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    (AXPW): At the open ask of $0.244x100K entered from CDEL.

     

    09:40 b/a $0.2322x10K ATDF/ $0.2439x10K ATDF ... as usual.

     

    HardToLove
    29 Apr 2013, 09:40 AM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    I guess we won't have any news with regards to ANYTHING before the 30th of April.

     

    This situation is very frustrating, and nerve wrecking, and sometimes it makes me wonder why I invested in AXPW in the first place. Very very very nerve wrecking...
    29 Apr 2013, 10:20 AM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    The number of moving pieces that have to come together for even a simple financing transaction is mind boggling. Many of them are outside the control of the company that wants to sell stock and the investor who wants to buy stock. We all want a resolution because we don't like the uncertainty and I'm certain that management is feeling the heat because I always was when I was in that barrel. Unfortunately fretting about things doesn't make the required pieces fall into place any faster.
    29 Apr 2013, 10:27 AM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    I do appreciate your wise words JP. Thanks!

     

    I just can't believe all the loops AXPW has to go through to raise enough capital to keep going, when a lot of (much larger) companies seem to be able to raise money far more easily. It is as if the broader market still doesn't recognize the potential of Axion's technology, therefore still assigning a nano capitalization to it...
    29 Apr 2013, 10:42 AM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    My most frustrating series of delays in recent memory was bringing the Quercus financing together. We moved heaven and earth to finish before Christmas in 2007 and finally got it done in mid-January 2008.

     

    Corporate finance is only slightly more challenging than herding cats.

     

    http://bit.ly/YgXfws
    29 Apr 2013, 11:11 AM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    Whatever they do, I hope they get investors who stick around for some time and give the company time to execute on its plans, instead of flipping the stock like a hot potato!
    29 Apr 2013, 11:14 AM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    "It is as if the broader market still doesn't recognize the potential of Axion's technology, therefore still assigning a nano capitalization to it... "

     

    Nano sales and revenue warrant nano market valuation.
    29 Apr 2013, 11:29 AM Reply Like
  • Bylo-
    , contributor
    Comments (406) | Send Message
     
    Wow, down $.035 @ $.2099. A new low? Sheesh!
    29 Apr 2013, 11:45 AM Reply Like
  • tripleblack
    , contributor
    Comments (13476) | Send Message
     
    No, but close to the .2018...

     

    My $.20 program did not trigger, but hey, its still early.
    29 Apr 2013, 12:04 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    I show the 52-week low as .2018, but I also show a very nice triple bottom formation on the long term chart.

     

    There are stockholders who simply cannot sit still through uncertainty and we're seeing some of them in the market today. Until recently, however, 272,000 shares in the morning was not considered an extraordinarily heavy trading day.
    29 Apr 2013, 12:10 PM Reply Like
  • tripleblack
    , contributor
    Comments (13476) | Send Message
     
    OK, new low is in @ $.2001, but still no joy with my $.20 program, I think I'll drop it to $.18 and just wait.
    29 Apr 2013, 02:53 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    That April 30th date sure seems to loom large in the minds of some holders. I just don't believe it has real relevance to the issue of Axion having sufficient funding to continue moving forward. I'd have preferred to get the news ahead of that date instead of after the date, but I remain very confident that good news is forthcoming.
    29 Apr 2013, 12:24 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Alpha, I think the date is only important to Axion's CEO and some lawyers should things not work out in the future.

     

    I'd think today's action might be some people reading too much into that date or might be caused by some concerns about the 400k block share threat. The 400k share comments were purely manipulative in my mind. Or just from someone that is very frustrated and not thinking about what it might mean to some anxious holders. Don't know why someone would say that other than the frustration thought but with a shiny TFH I could whip up some theories!
    29 Apr 2013, 12:36 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (924) | Send Message
     
    Ditto Alphameister. --- I have very limited concern about Axion's viability and meeting its financing needs, but do have a bit of uneasiness about the uneasiness amongst Axion investors. --- A jump back to .2399 just alleviated some of that uneasiness however. LOL
    29 Apr 2013, 12:41 PM Reply Like
  • rastros
    , contributor
    Comments (37) | Send Message
     
    FWIW, I spoke with Rudy Barrio about an hour ago. He's not even aware of an April 30th date of any consequence, so for those of you considering calling to get additional information, you can skip Rudy. I'm not surprised----just suggesting that you need not bother with that call.
    29 Apr 2013, 12:37 PM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    "... I remain very confident that good news is forthcoming."

     

    :-) So is whoever might be bidding $.22 for 350K.
    29 Apr 2013, 12:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    Well, as long as we are all lying about bids to offset the folks on the dump (a.k.a "ask") side, I think the bidder for 1MM at $0.40 will carry the day.

     

    I'll go away now until some semblance of integrity reappears.

     

    HardToLove
    29 Apr 2013, 12:52 PM Reply Like
  • jakurtz
    , contributor
    Comments (1905) | Send Message
     
    HTL,

     

    I think there is something going on with peoples platforms or the bidding and ask. My scottrade main page is showing 963K ask @ .2399 and 1M share bid at .2106. Just changed again now 1m bid @ .202 and 250k ask at .225.

     

    I don't know what is going on I thought people were smoking something earlier too but my main page on scottrade is showing some whacky quotes, but I guess they are real because the volume is piling up.
    29 Apr 2013, 01:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    Jak: Could be. I just switched to the ETrade web site, "Research" and it shows (11:18 EDT) bid $0.2053x1MM and ask of $0.219x500K.

     

    On Power ETrade pro, market depth, amd time and sales and account postions panel, none of these quantities appear.

     

    Bloomberg provides a lot of data feeds. Maybe all have a data feed problem. I tried to call ETrade, but phone system scrogged. I'll try again and see what I can learn.

     

    I trust multiple verifications on Power Etrade over the web sites. It sometimes misses opening trades right on the 00 mark, and sometimes duplicates, but has never missed intra-day after the open AFAICR.

     

    HardToLove
    EDIT: now the sizes switched size. a $0.21 x 500K $0.2179x1MM.
    29 Apr 2013, 01:22 PM Reply Like
  • pascquale
    , contributor
    Comments (106) | Send Message
     
    Htl,
    Etrade (which I think you use?) has been showing me the large bid and ask sizes people are referring to. I don't use any of their fancy platforms.
    29 Apr 2013, 01:23 PM Reply Like
  • DRich
    , contributor
    Comments (4529) | Send Message
     
    >H.T.Love ... @ 1:24 Fidelity is showing

     

    Bid $0.21 x 5,000
    Ask $0.2177 x 10,000

     

    Don't see anything on Level II that is not ordinary.

     

    Strangest thing I see today is Tesla up over $3.00. This, too, will pass.
    29 Apr 2013, 01:26 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    Just spoke with ETrade: they believe all get from similar sources, - likely Bloomberg. ETrade says trust the Level II on Power ETRade and the T & S. Panel.

     

    That fits with my experience.

     

    Largest ask I saw today was 98K from CDEL(?) for $0.244. Next largest 55K at other prices.

     

    HardToLove
    29 Apr 2013, 01:29 PM Reply Like
  • jakurtz
    , contributor
    Comments (1905) | Send Message
     
    Yeah, my streaming quotes shows normal bid/ask sizes like Drich reports, but the AXPW stock page in scottrade is multiplying all the bid/asks size by 100, so instead of the 10K ask mine shows 1,000,000. Just wanted to clear up that people are seeing funky stuff and not making ti up -- I believe I have seen it happen before, I imagine it is some sort of glitch but it could be scaring folks into the volume we are seeing, I dont' know.
    29 Apr 2013, 01:38 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    For anyone that needs a distraction. An SA article on "The auto company that shall not be named". I've not read any of it yet.

     

    Tesla Motors' Full Analysis, Its Only Mistake, Outlook And Elon Musk

     

    http://seekingalpha.co...
    29 Apr 2013, 12:58 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2113) | Send Message
     
    ii,
    To me the thing that wasn't addressed is an already stressed electrical grid infrastructure. The more EV's built, the more obvious the problems.
    29 Apr 2013, 01:34 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Stilldazed, I don't think that is the biggest problem with EV uptake but it is a concern that would have to be managed. Don't think EV's could be added in great multiples without capacity upgrades and smart charging but given their current economics I don't think we need to worry about broad roll out until something changes anyway.

     

    Hey, If there is anything good coming out of the EV threat at least we're now focused more on efficiency. Other factors are impacting this as well so it's not just EV threats. I'm a big fan of improving efficiency!
    29 Apr 2013, 02:11 PM Reply Like
  • JRP3
    , contributor
    Comments (7858) | Send Message
     
    "To me the thing that wasn't addressed is an already stressed electrical grid infrastructure. "

     

    Or not.

     

    http://bit.ly/11xVNma
    http://reut.rs/14KNx8c
    29 Apr 2013, 09:04 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2113) | Send Message
     
    JRP3,
    Your links don't answer the question of adding strain to a strained infrastructure. Here in California, AZ and other parts of the southwest, we have rolling black outs and air conditioner radio cutoff switches controlled by the utilities. The nuc plant on the coast will be down for who knows how long and is putting further strain on the grid. Unless you plan on putting batteries on your solar system, you are just making a bad situation worse. The frequency regulation aspect doesn't take care of the added strain caused by a lack of expensive needed infrastructure.
    30 Apr 2013, 03:22 AM Reply Like
  • JRP3
    , contributor
    Comments (7858) | Send Message
     
    Pretty much every location has excess grid capacity at night, when the majority of EV's will be charged. We have a long way to go until there enough EV's to strain that capacity, and during that time the grid will be built up, as it always has been to meed additional demand.
    30 Apr 2013, 10:31 PM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    760,000 and .22c

     

    Setting up nicely for a .15c financing !
    29 Apr 2013, 01:50 PM Reply Like
  • UnpredictableFutures
    , contributor
    Comments (18) | Send Message
     
    I would guess there is at least 3 chunky sellers, possibly 1 or 2 more. However, I'd guess there's 3 chunky sellers and a handful of smaller sellers.

     

    Stronger holders may see some bounce later this week when the chunky sellers are out *if* there isn't some other negative or non-announcement that drives the price down further.
    29 Apr 2013, 01:51 PM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    Unpredictable I think the issue is that we always hope that the chunky sellers are out, but they are never out, in this deal.

     

    Coupled with the Axion no news bears,makes for veryfrustrating times
    29 Apr 2013, 02:04 PM Reply Like
  • axion-nl
    , contributor
    Comments (150) | Send Message
     
    buy when everyone is selling... i bought 100.000 shares today. And now I'm going to call TG to hurry up and get this financing deal signed :)
    29 Apr 2013, 02:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    You're beginning to sound like Buffett axion-nl – "be fearful when others are greedy and greedy when others are fearful."
    29 Apr 2013, 02:15 PM Reply Like
  • axion-nl
    , contributor
    Comments (150) | Send Message
     
    indeed John! I understand many small investor who are choosing the "better safe than sorry" approach, but that is not the case here. TG will come up with the needed financing, it's just takes more time. Maybe, Axion underestimated the market impact of the sentence ... "30 april"
    29 Apr 2013, 02:31 PM Reply Like
  • User550230
    , contributor
    Comments (40) | Send Message
     
    pretty sure that statement is verified by auditors and not just a guesstimate/strategic message
    29 Apr 2013, 02:36 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    The April 30th date has no particular meaning or significance. When a public company is running low on cash SEC rules require disclosure of the amount of time the company an continue to operate on available funds without adversely impacting operations. Lawyers prefer to work in calendar quarter increments but will go to monthly increments in a pinch. If Axion had to curtail operations, its runway would be significantly longer.

     

    In all my years of practice I've never had a debt free client go out of business because it couldn't find survival capital. The killer has always been borrowing money that can't be repaid from normal operations. Creditors force bankruptcies. They can't happen without creditors.
    29 Apr 2013, 02:51 PM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    by the time we get financing though, severe damage is being inflicted to Axion's market capitalization. Management can pretend that they don't care about the pps, but ultimately a big chunk of their pay is tied in the same stock. Investors who are venting on this APC (me included to some extent) are not expressing their dissatisfaction with the way Axion is run as a business, but as a PUBLIC company.
    29 Apr 2013, 02:56 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    I added 20K.

     

    HardToLove
    29 Apr 2013, 03:15 PM Reply Like
  • SimpleInstrument
    , contributor
    Comments (79) | Send Message
     
    I told everyone I know I sold my shares. Of course I'm like a firefly; so who knows. Then again; I didn't buy exide when people were pushing it either.
    29 Apr 2013, 09:15 PM Reply Like
  • JohnM121
    , contributor
    Comments (376) | Send Message
     
    I'm fighting the greed with this panic selling. It's really hard to stay away from that BUY button.
    29 Apr 2013, 02:11 PM Reply Like
  • User550230
    , contributor
    Comments (40) | Send Message
     
    purchased 3,000 - hate having no dry powder
    29 Apr 2013, 02:21 PM Reply Like
  • LASF
    , contributor
    Comments (33) | Send Message
     
    I feel your pain.
    29 Apr 2013, 02:27 PM Reply Like
  • Ricknplano
    , contributor
    Comments (299) | Send Message
     
    The product has never been in issue, in my opinion. The problem dogging the stock is the number of shares and actual sales (relatively small) and earnings (non-existent). A triple increase in sales from the 2012 number, with a normal EBITA and normal price earnings ratio for the industry would barely yield a price of 20 cents a share. To get a meaningful rise in share price based on fundamentals (not just speculative pricing - pump and dump anyone), requires sales an order of magnitude higher than today, and those sales need to be announced soon to prevent further drifting and languishing of the share value. A few rail cars or trucks will not do it. However a large order from BMW with dedicated use on a particular car line would, as would some announcement from NSC that they will be converting hundreds of engines using the PbC exclusively, or large orders from Viridity or other huge order. So the potential is real, but potential is all we have. In the meantime the realities of actual reported sales is dismal, relative to what is needed for significant price improvement. Like Bang, I await actual large and growing orders (huge orders) before assuming strong and continued share price improvement.

     

    A good product even at a good company does not always insure a good stock. With the number of shares outstanding at Axion good news has to be extremely good news in order to make a meaningful difference. Think huge increase in orders and then you can see a rising stock. Small orders here and there continue to confirm the product and keep the company alive but do not help the stock. Just too many shares outstanding. I have great hope, but I am realistic about the amount of news needed to make the stock go up enough to get everyone on this board happy again.

     

    One other item that could move the stock, a strategic partnership a large industry player, the terms of which would insure rising sales. Again, hope springs eternal.
    29 Apr 2013, 02:32 PM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    We shall see how this whole saga unfolds. I am hopeful...
    29 Apr 2013, 02:36 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    RP> JP is the stock guru but can't the large amount of shares outstanding at cheap prices be solved with a reverse split? I know they aren't popular, but they do reset all the numbers and upgrade the exchange eh?
    29 Apr 2013, 03:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    Companies typically reach their highest value several years before their earning are sufficient to justify the valuation. This article from last November talks about Axion's position on the Hype Cycle.

     

    http://bit.ly/We3VtG

     

    Axion has recently emerged from the R&D phase and hasn't quite reached its innovation trigger. At this point I tend to think the first credible commercial order will mark the formal beginning of Axion's hype cycle.

     

    For at least a couple years after the innovation trigger the market's primary focus will be revenue growth rather than profitability. For proof you need look no further than Tesla. Eventually normal industry price earnings ratios will become the dominant valuation metric, but the vast majority of Axionistas will be long gone before then.
    29 Apr 2013, 03:18 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    Bang, reverse splits usually have bad endings. Theoretically, it shouldn't matter and just make everything look prettier. Real world, they tend to be a be prequel to further reverse splits until it's over.
    29 Apr 2013, 03:20 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    Rick: Think selling $12.5MM of inventory might start to move the needle?

     

    HardToLove
    29 Apr 2013, 03:21 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    The 12/31/12 inventory number was $2.8 million, including $1.7 million of finished goods. See page 30.

     

    http://1.usa.gov/14LPWyF
    29 Apr 2013, 03:23 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    That would be quite something, HTL - but I only see $1.7m of finished goods to sell. Where did you see $12.5m?

     

    It would mean an incredible inventory build (and sale) in 3 months. Wow! However, I do not recollect any information on the new carbon sheet production line, so maybe it is possible.
    29 Apr 2013, 03:30 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Rick> I would believe Axion would have to stop the bleeding before such a move would make any sense. For Axion to ever reach that $10 a share daydream many hold dear there are going to have to be some substantial capital raises. If I had a huge stake in Axion I would be dreaming of hooking up with somebody big, even if I had to become their jail house lover.

     

    The most intelligent move might be to get the company to a point where the original shareholders can sell the company for a profit on their investment. It has been something like a 10 year slog already. How much longer do the original investors want to keep slogging thru Death Valley?

     

    The worst aspect of Axion's capital raises is that every year or two they gut all the existing shareholders. Hard to hold the stock price when you clear the room so often.
    29 Apr 2013, 03:32 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    Bang, not sure I got your point. If Axion did a reverse 100-1 split, shares today at 20 cents become $20. However, you now have only 1% of the number of shares you had before. If all goes well, it is a breakeven for current stockholders.

     

    Much more likely, is the new $20 stock declines to 50 cents, then another reverse split happens. The decline continues, until the company folds, is taken over for a pittance, etc. The Valley of Death is not simply a penny stock price, and "big investors" (as well as small fry) see through 100-1 reverse stock splits as just more lipstick on a pig.
    29 Apr 2013, 03:38 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Rick> I see Axion as rapidly becoming between a rock and a hard place. They are going to run out of shares to sell in the not to distant future. How will they finance growth? Is it possible for a penny stock to just endlessly increase the number of authorized shares and successfully raise capital?
    29 Apr 2013, 03:50 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    Bang - *If* the stock market is willing to buy, a company can register and reregister with the SEC and sell and sell and sell. Key word is *IF*.

     

    A company never runs out of shares. They may run out of buyers.
    29 Apr 2013, 04:10 PM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    "For Axion to ever reach that $10 a share daydream many hold dear there are going to have to be some substantial capital raises."

     

    Perhaps. And perhaps not, BW. 10X increase in carbon sheeting output changed the equipment investment equation big time not to mention need for space. Electrode assembly lines are ~$3mil per. Existing in-house capacity for carbon sheeting and electrode assembly running two shifts 5 days a week is sufficient to produce C electrodes for ~6,500 batteries per month. Four more robotic electrode assembly lines can be supported by Existing E electrode capacity. Gross profit margin of $100 per battery set of C electrodes plus toll contract revenues would support breakeven or very close to it. A second robotic assembly line could pay for itself in less than two years if PbC battery demand kept the line fully employed (which would mean >13,000 batteries per month).
    29 Apr 2013, 04:16 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    Thanks John. I'd like to blame a typo, but it was a brain fart!

     

    HardToLove
    29 Apr 2013, 04:28 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Good analysis and keen insight D-Inv.
    29 Apr 2013, 04:37 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    added some stock, lowered my average cost... :-)
    29 Apr 2013, 02:38 PM Reply Like
  • SMaturin
    , contributor
    Comments (2275) | Send Message
     
    Ditto.

     

    Bottom feeders' paradise today.
    29 Apr 2013, 02:41 PM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    Congrats! :)
    29 Apr 2013, 02:47 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    OT ;)

     

    http://bit.ly/11SsPO7
    29 Apr 2013, 02:48 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Yep, The holes make a difference. Anyone who's ever whacked their coconut knows that!

     

    Holy graphene: Giving batteries a boost with graphene and tiny holes

     

    http://bit.ly/17tCttZ
    29 Apr 2013, 02:38 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    I wonder what the cost per ton will be for that wonder material?
    29 Apr 2013, 02:54 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    John, Hopefully it will be free some day. But it probably will not be commercialized at scale for a long long time if ever. Another of a ton of "opportunities".
    29 Apr 2013, 03:15 PM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    Interesting TSLA-AXION comparison

     

    TSLA trades an average 2,400,000 shares daily @ $54 or $129,000,000 each trading day
    The market cap of Axion is $24,000,000 or, equal to about one hour and 15mins of TSLA trading any given day.

     

    Thank you Axion management for a stellar job !
    29 Apr 2013, 02:44 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    JP> I'm not being very clear in my criticism of Axion's slow start in sales and marketing. I don't think they should have been out there trying to sign contracts for products they couldn't deliver. I do think they should have done a better job of promoting the battery's attributes in face to face meetings with prospective customers of all sizes.

     

    The best example of good salesmanship like I am referring to is your own efforts years ago with Epower. Yes, nothing was sold at the time but when Epowers's attempt to use AGM's died they quickly turned to Axion. However I don't know exactly what you did or what followed, but in any event a relationship was established that later led to sales

     

    Perhaps I am better at the process than explaining it. In simplicity I am referring to building interest and a relationship with prospective customers versus signing sales contracts. That's the endpoint of the process.
    29 Apr 2013, 03:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    There isn't a week that goes by when you don't read one headline or another about the latest game changing battery innovation. It's like the entire industry is full of politicians promising how great things are going to be in three to five years when the wonder goes into production.

     

    The only thing battery customers want to hear is (a) I can deliver samples for you to test before thus and such a date, and (b) I can have my engineering support team standing by at the ready to help you work your way through questions, problems and other issues as they arise.

     

    You can't make the first commitment until your manufacturing is nailed down. You can only make the second commitment to more than a handful of customers if you have a big engineering and support staff. If you want to keep costs from spiraling out of control, you have to choose your potential customers wisely and only invest the engineering support where the payoff justifies the effort.
    29 Apr 2013, 03:33 PM Reply Like
  • Ricknplano
    , contributor
    Comments (299) | Send Message
     
    I do not think that management is necessarily to blame for the stock price or the market recognition of the product. TSLA is not a comparable company in any real sense. A few years ago CitiBank, JP Morgan and others were reporting losses due to the real estate mortgage securities debacle. I am in real estate, but just because I was profitable and CitiBank was not does not mean I am a better manager than the CEO of CitiBank (though I might be). The two examples are not comparable.

     

    I do find areas where I may disagree with Axion management, but at the same time they have done a lot of things right and seem to be doing their best, despite my occasional differences. In particular I desire to know more about what problems customers have experienced that slowed industry adoption. However, management may have good reasons not to let competitors know about any shortcomings of the PbC over a national conference call. So basically, I have confidence in management, just concerns about how quickly a good boost in stock value can reasonably occur.
    29 Apr 2013, 04:00 PM Reply Like
  • billa_from_sf
    , contributor
    Comments (370) | Send Message
     
    My game plan having been all along to buy half a buck's worth of trading shares at 0.10, I am as sanguine as can be.

     

    No way am I selling any of my core for less than 10.00!
    29 Apr 2013, 02:45 PM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    EU sick of the BS. Let's also hope they include the fact that the SS thingy has to work for more than a few months. This "ain't" going away folks. BTW, 4 years from now is next week in automotive as the technology and product life cycles are so long.

     

    News: Brussels running out of patience with fuel economy claims

     

    "Last week the environment committee of the European parliament said the new test should be introduced “as a matter of urgency” with a target of 2017. Details of the procedures are being finalised, but it is likely that they will include more stop-start driving and faster acceleration to reflect modern driving conditions and today’s more powerful engines."

     

    http://bit.ly/Y9lqdX
    29 Apr 2013, 04:13 PM Reply Like
  • Ricknplano
    , contributor
    Comments (299) | Send Message
     
    To be clear I have concerns about the speed of share price increase, not so much any doubts about the probability that it will happen eventually. The product is good and the market will eventually adopt it for many applications. But like they say, eventually we are all dead.

     

    On the other hand, JP has a point about the hype cycle. I have seen outrageous values that got years ahead of the fundamentals. With a significant order from any major automotive OEM I am sure the hype would set the stock soaring. So I am not dismissing the possibility of a quick gain, it could happen.
    29 Apr 2013, 04:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    Venture capital would not exist without the hype cycle and for better or worse Axion is a VC stage company that was forced into the public markets far too early by business dynamics that required a public entity to rescue the technology from the earlier mess in Canada.

     

    Venture capitalists buy companies during the R&D stage and hold them until the Hype Cycle kicks in, which is the most opportune time to sell them to investors at an inflated value.

     

    The Hype Cycle will happen with Axion because it must, but the VCs raking cash off the table will be the Axionistas rather than the Silicon Valley Vultures.
    29 Apr 2013, 04:32 PM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    Amen, John :)

     

    Before I read that article "against all odds" detailing the whole story of Axion and the related mess of Mega-C, I had always found it odd that it was listed on the OTC markets as a nano-cap, something that had struck me as strange. My experience is that 95% of the companies on the Bulletin Board never make it past that stage, with a lot of "boiler room" type of stocks. Of course, Axion is none of these!
    29 Apr 2013, 04:40 PM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    True and True, John

     

    But if it really was a VC stage company (which was never promoted as the actuality at the time) they should NOT have been selling PP shares for $2.10-$2.40, back when you (although your in, is about half that, if you still have all those shares) and I, and perhaps just a few others on this board invested to keep this company afloat.

     

    A number of us lining the crooked pockets of Usling,Taylor etc in Toronto.
    Also the likes of Glen P and Bob A (again, they were able to buy a boatload at .75c to average down when the rest of us could not, because of no volume in the trading, and a $1.50+ stock price) kept us afloat a little longer, before Quercus became involved (with what I believe were the best of intentions)

     

    The truth is without people like you and I, Bob A, Glen P and not so many others, the Axionistas would not even exist because it would have gone belly up years ago.

     

    Although I certainly appreciate Quercus doing their best at a very fair involvement price of $2.10, without earlier funds it would have gone the way of the Dodo !

     

    IMHO this raise, or lack thereof, will kill us, because once investors turn their backs on a stock, they move on, and do not return, and it is not like Institutional investors are lining up to jump into the fray - to little, way too late I fear !
    29 Apr 2013, 08:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    Glenn and Bob have a higher average price than I do and nobody that I know "loaded up on $.75 shares." None of us expected it to take this long because we were told a pretty story by some early members of the science team. On the other hand none of us expected that the PbC would make it through the development process with flying colors and no sacrifices, or that custom made niche applications would emerge as major markets while the development work was ongoing.
    29 Apr 2013, 09:18 PM Reply Like
  • growsmart
    , contributor
    Comments (164) | Send Message
     
    Sell,sell,sell.
    30 Apr 2013, 07:53 AM Reply Like
  • Lloyd Hanlin
    , contributor
    Comments (24) | Send Message
     
    My view is that AXPW value will be at least $7 or $8 within five years. Probably sooner, maybe much higher. At least $3 within 1 or 2 years. Maybe sooner, probably higher. Could start within one or two weeks. When? Don't know. But it's coming. As far as stock value is concerned, Microsoft, move over.

     

    Lloyd Hanlin
    29 Apr 2013, 04:30 PM Reply Like
  • Ranma
    , contributor
    Comments (1615) | Send Message
     
    I think this year we could see a buck with a favorable financing partner. We'll see 3 bucks on design wins from either BMW or NSC. We'll plateau after a while then until sales follow through. To get to 5+ we'll need institutional buyers and moving to a bigger exchange. Then finally we'll hit 10+ as part of a hype cycle.

     

    With as many shares as I have, I honestly don't know if I can hold all the way to 10 :)
    29 Apr 2013, 04:33 PM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    5 dollars pps implies a market cap - including future share issuance- of nearly 800 million to 1 billion. That is a very tall order for Axion to accomplish within one to two years, but again the market is a strange voting machine :)
    29 Apr 2013, 04:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    Nobody ever lost money taking profits along the way. After riding a stock for too long in the early 90s and losing everything to a spate of very bad luck, I've become a big fan of selling ladders where you peel off a piece at each significant performance level and quickly get to a point where you've got your bait back and are playing with the house's money.
    29 Apr 2013, 04:46 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    Question of the day: Will history repeat?

     

    Look at your one-year charts and see what happened on 11/12/12 and subsequent. Today looks a little different leading up to the low and we have a financing concern "overhang" that wasn't really a near-term concern then.

     

    Today we had over triple the volume of that November day.

     

    We also have some suspicious activity (400K asks at $0.255 that appeared recently) that *may* suggest some nefarious activity going on in the background.

     

    I expect daily short sales will be high again today.

     

    HardToLove
    EDIT: Oh! A lower low today too, but not by much.
    29 Apr 2013, 04:54 PM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    In the meantime, TSLA's short positions are being unwound. I wonder how high can that stock go. I would gladly own a piece of the dream, but more at 5$ than 50$ a share...
    29 Apr 2013, 04:55 PM Reply Like
  • mrholty
    , contributor
    Comments (952) | Send Message
     
    Agreed with John. Hopefully I'll have the opportunity to peel shares off in phases as we go up the hill.

     

    The hard part also for us investors is to say what price you are going to sell at. $5/share @113M shares is $565M Mkt Cap. $5/share at 170M shares is $850M Mkt Cap. Very Different things.

     

    Once, (not if) we turn the corner as a production company I want us to be labeled as a technology company and not a battery company. The mkt basically weighs old school battery companies and automotive suppliers at something like .6x sales. I'd like to be valued like some other "old tech" company like Electrial Equipment or Telecom Equipment at 1.5x sales.
    29 Apr 2013, 04:59 PM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    If Axion didn't get a strategic partner and decided to go back to the same group as last year with the same terms, the 40 day period could (this is my swag) end tomorrow. Last year it ended on the last day of Jan (PR on 2-1). If I am right, we will get the financing announcement on May 1st before 8AM EST (last year f-kru linked it at 745AM EST 2-1 in APC 57).

     

    It fits my reasoning on why no PR's. 8-/
    29 Apr 2013, 05:02 PM Reply Like
  • LabTech
    , contributor
    Comments (1770) | Send Message
     
    Well, that was an interesting day. The stock fell $0.03/share and more than 1.3 million shares traded hands. And as best as I can tell, the only reason for most of that was because tomorrow is April 30th. Will be interesting to see what happens if there isn't an announcement by the end of the day tomorrow. I'm beginning to think this is like Y2K and the end of the Mayan calendar all over.
    29 Apr 2013, 05:03 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    It always helps to remember that there are about 100 million Axion shares in the float – a/k/a in the hands of Axionistas of all stripes.

     

    A million shares seems like a big number, but when you're facing a brigade of 100 steely-eyed soldiers the one who turns and runs isn't all that noticeable.
    29 Apr 2013, 05:13 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2590) | Send Message
     
    LabTech,

     

    My favorite Y2K commercial, and one of my favorites overall, ever:

     

    http://bit.ly/15VjXNc
    29 Apr 2013, 05:29 PM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    "The stock fell $0.03/share and more than 1.3 million shares traded hands. And as best as I can tell, the only reason for most of that was because tomorrow is April 30th."

     

    I would not discount the pyschological effect of quoting systems reporting 10X shares offered. The misreporting today was just too damn convenient for words. Buyers in a new offering could stand to benefit at expense of current shareholders big time. Makes me want to grab some people by "the short hairs" and yank VERY HARD. Regulators should look into today's reporting of AXPW bids and asks.
    29 Apr 2013, 05:41 PM Reply Like
  • rupers
    , contributor
    Comments (62) | Send Message
     
    fyi, 406 shareholders, as of March 22.
    29 Apr 2013, 11:10 PM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    406 is the number of shareholders with paper stock certificates. If you included shareholders who own stock in electronic form through brokerage firms the number would be much higher.
    30 Apr 2013, 06:45 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    The other side of Nano. But it's only carbon!

     

    Reduce workers risk of exposure to nanomaterials says NIOSH

     

    "A new Current Intelligence Bulletin issued by CDC’s National Institute for Occupational Safety and Health (NIOSH) reports the results of research in which various types of carbon nanotubes/carbon nanofibers can cause pulmonary fibrosis, inflammatory effects, and granulomas in laboratory animals exposed to them by inhalation. NIOSH considers these animal study findings to be relevant to human health risk because similar lung effects have been observed in workers exposed to respirable particulates of other materials in dusty jobs.

     

    CDC’s National Institute for Occupational Safety and Health (NIOSH) has therefore recommended that occupational exposures to carbon nanotubes and nanofibers be controlled to reduce worker’s potential risk for certain work-related lung effects. NIOSH is the first federal agency to issue recommended exposure levels for this growing industry."

     

    http://bit.ly/10oeTbV
    29 Apr 2013, 05:18 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    All my bitching and doubts aside it is an intriguing stock at .20 to .21 cents. That is obviously a ridiculously low price. We'll see what tomorrow brings. NS 999 can't stay in the shop forever and presumably they aren't going to leave it on a siding forever. Hard to not increase my shares at these prices. Bear in mind I have very limited funds so I am not talking major outlays. I am a peanuts player because that's all I have left following the loss I took when I moved to the sidelines.

     

    All that aside I think it is an almost compelling value if I don't go overboard and go all in - or bangwhiz again as someone jested :<D .Things aren't all great but they aren't all bad either. There is probably more upside than downside at these prices.
    29 Apr 2013, 05:20 PM Reply Like
  • DRich
    , contributor
    Comments (4529) | Send Message
     
    >bangwhiz ... Downside is at book value of about $0.13 without making allowance for the value of the IP. This can't get too much worse but this can get worse. Are we currently discounting the IP value looking for a bottom?
    29 Apr 2013, 05:50 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2590) | Send Message
     
    Without a significant order announcement, the stk price can get a lot worse. With such an order, it can get a lot better.

     

    I view a financing announcement as a short-term positive only, at best. To me, and probably an increasing material percentage of the float, significant orders are now essential to a healthy stock price. All the talk about moving past the development stage into the next stage is just that---talk, until then, and not enough. Mgmt has to prove that they can do the next step---sell the product in large quantities. And time matters. A lot. Every quarter without success means more shares o/s. Every additional week without a PC sale means pressure on the price. Etc.
    29 Apr 2013, 06:30 PM Reply Like
  • DRich
    , contributor
    Comments (4529) | Send Message
     
    >Mr Investor ... With the dragging out of a capital raise, the actual raise is becoming near meaningless to me. The only value it can garner is what is announced along with it. A mish-mash of "for working capital, for CapEx as we moved forward, and for some operating capital" will just mean nothing is on the horizon and life goes on. If the emphasis is on sales development & CapEx things are truly expected to become better.
    29 Apr 2013, 06:39 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2590) | Send Message
     
    DRich, easy to construct a reasonable financing outcome as such: a private placement of 50 million shares at 15 cents (TG's cc comment about raising the right amt suggests they may not sell the full 75 million shares remaining, although as the price continues to receed, they may have to). The stock trades at 15-25 cents, with two large overhangs blocking the upside: flipping of a large number of shares after the shares are registered (registration took 3-4 months after the 12/2009 deal), and any lack of announced significant sales.

     

    I hear you on the announced uses of cash, but I now have a more skeptical view of what mgmt says. They may announce that they truly expect a shift to better needs, but the stk mkt may not agree that that will be an accurate representation of future events. We'll see.
    29 Apr 2013, 07:13 PM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    Mr I, why would the financing go off at .15? That is apporx. a 44% discount to the 40 day VWA as of today. If we have another day like today and lose another 3 cents, .15 is a 42% discount to the 40 day VWA. Help me understand your reasoning.

     

    thx
    29 Apr 2013, 07:23 PM Reply Like
  • Ranma
    , contributor
    Comments (1615) | Send Message
     
    It's just plain ol' fashioned pessimism.
    30 Apr 2013, 01:04 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2590) | Send Message
     
    Kent, we here are all in the dark as to the deal, so we have to use educated guesswork if we want to try to assess how the deal might impact our investment.

     

    Nothing says that Axion has to or will use the same terms as the last raise. Totally depends on investor demand and what the company can negotiate. Generally, though, in my experience private placements are done at a bigger discount to public offerings, to compensate for the lower liquidity and smaller investor pool. The 12/2009 deal was a private placement done at about a 2/3 discount, for example (thus way, way more than 10%). There are some parallels to the circumstances at that time and now, such as a declining stk price, and what might be some Axion desperation, but some other things are very much different, like actually having a battery to sell at reasonable scale.

     

    Also, the look-back period is negotiable. Who says it HAS to be 30 days, or 40 days? In the end, the substance is the price and terms, the form is the method used to arrive at that price and terms, and substance dictates form. If the investors are unwilling to pay any more than, say, 15 cents, they won't agree to a calculation method that might reasonably produce a > 15 cent result. I've never been a part of a deal where a premium was paid over the current price. Not saying it doesn't happen, just that I don't expect it at all. And good luck to anyone expecting that here.

     

    Hope that helps.
    30 Apr 2013, 01:20 AM Reply Like
  • Lloyd Hanlin
    , contributor
    Comments (24) | Send Message
     
    Milhouse.

     

    Fior what it's worth. I picked up on on this Concentrator Series after th 2011 conference call.

     

    My mother raised five of us by herself. I was about 9 or 10, with two being younger. We lived on very little. My poor, well respected mother was restuarant cook and an Avon Products Rep. We were well respected young ones, ran around our small town at random. No one at home to teach us anything. I wouldn't trade it for anything.

     

    My IQ is 123. Not as diverse or probably intelligent as many of you. My leadership is lacking. I am highly influenced by the likes of JP, HTL and a few others that make a lot of sense to me.

     

    Axion's team was gathered under TG's leadership. They have put years of their life with Axion and sticking together. I have nothing but respect. All facts I've seen are positive. I have seen no negative facts. Only spectulation. He should be giving us more information. But would it be possible to inform only our group? How is TG restricted? BMW and NS stood up for Axion at the 2011 stockholder's meeting. Another major US and EU auto company wouldn"t let their name be known. Practally all Auto companies and Battery companies was there. Some brought their team of engineers for some three or more years.

     

    Unexpectably, many other user groups came forward. The combined additional uses seem to be much greater than the auto companies were in the first place.

     

    As to the new financing, I don't see a problem. Where the previous financing was for R & D expenses, this fiancing will be for plant equipment and more buildings, fixed assets rather than expenses. The balance sheet won"t be affected. This would be needed only because sales are beginning, resulting in upcoming strong income statements. Perhaps some of the new fincing will be liability rather than an all stock issue. The balance sheet could be strong enough if all the facts are known.

     

    My opinion.

     

    Lloyd Hanlin
    29 Apr 2013, 05:54 PM Reply Like
  • Keyboard
    , contributor
    Comments (67) | Send Message
     
    Lloyd "My IQ is 123".

     

    So you know where you stand, assign Rick ~151. Me 86 with the rest of us between me and Rick except rumors that JP's starts with 2.
    30 Apr 2013, 01:42 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2260) | Send Message
     
    Lloyd, you wrote: "But would it be possible to inform only our group? How is TG restricted?"

     

    No. If TG only told us, that would be considered insider trading by the SEC. Probably a felony, but I'll let JP jump in for legal accuracy. Either everybody is told with a public announcement, or nobody.
    29 Apr 2013, 06:42 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    Have we check TG's tweets?
    Tweets seem to avoid all that. :-)
    29 Apr 2013, 06:47 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    EV news:

     

    ather of GM EV1 Discusses Future of Electric Vehicles; Says He Won’t Retire Until…
    http://bit.ly/16eXg6s

     

    Cumulative US Plug-In Vehicle Sales Chart Shows Incredibly Predictable Exponential Growth
    http://bit.ly/12LvGK9

     

    22 Million Electrified Vehicles to be Sold Between 2012 and 2020
    http://bit.ly/16eXhYe

     

    Toyota Prius Plug-In Hybrid Sales in Europe Now at 4,417 Units; Worldwide Sales Exceed 31,100
    http://bit.ly/12LvISr

     

    Toyota Presents Final Conclusions From 3-Year Prius Plug-In Hybrid Trial
    http://bit.ly/16eXhYg

     

    Edison2 Unveils 100 MPG VLC 4.0
    http://bit.ly/12LvGKh
    Team Edison2, winners of the 2010 X Prize have accepted the challenge. On Friday, the team unveiled their most refined creation yet: the Very Light Car (VLC) 4.0.

     

    London makes air quality laws more stringent.
    New London Congestion Charge Threshold Reduced To 75g/km, Which Only Plug-Ins Qualify
    http://bit.ly/16eXieE

     

    Video
    Audi R8 e-tron Gets Lead Billing In Iron Man 3, And At London VIP Screening
    http://bit.ly/12LvJ91

     

    Note the Tesla fans are screaming. Iron Man is their name for Elon and they want Iron Man's car to be a Tesla.

     

    ;-))
    29 Apr 2013, 07:42 PM Reply Like
  • D-inv
    , contributor
    Comments (4096) | Send Message
     
    "Edison2 Unveils 100 MPG VLC 4.0
    http://bit.ly/12LvGKh
    Team Edison2, winners of the 2010 X Prize have accepted the challenge. On Friday, the team unveiled their most refined creation yet: the Very Light Car (VLC) 4.0."

     

    1,400 lb moving at 150 mph. Personally do not want one of those things anywhere near me on a highway with gusty cross winds, or on a city street at the bottom of skyscraper canyons channeling winds, or on a 50' - 200' high elevated road way flyover limited access roadways at ground level. How about bridges?
    29 Apr 2013, 08:34 PM Reply Like
  • Lloyd Hanlin
    , contributor
    Comments (24) | Send Message
     
    Rick

     

    What I meant about TG being restricted would be by informing our group only. I see your point aboiout a public announcement.

     

    Lloyd
    29 Apr 2013, 08:03 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    EVSE Market to Grow by Compound Annual Rate of 35% From 2012 Through 2016
    http://bit.ly/11RMGyo

     

    California Bill To Make Public Charging More Accessible
    http://bit.ly/188NRNg

     

    Michigan road funding: Proposal calls for higher fees on electric, hybrid vehicles
    http://bit.ly/11RMHCo

     

    Can EV Batteries Last 20 Years?
    http://bit.ly/188NUbP

     

    International Energy Agency: World Spent $8.7 Billion to Reduce Battery Costs by 50% in 5 Years
    http://bit.ly/11RMHCp

     

    Global EV Outlook
    http://bit.ly/188NS3K

     

    IEE Says 5 to 30 Million Electric-Drive Vehicles Will be on US Roads by 2035
    http://bit.ly/11RMGOM

     

    That's quite a spread.

     

    RAC Report Predicts Future Market Share of Plug-In Vehicles Through 2030 in UK
    http://bit.ly/188NUbR

     

    In Two-Way Charging, Electric Cars Begin to Earn Money From the Grid
    http://nyti.ms/11RMHSI;
    Unfortunately There is no information about the cost of the program.

     

    "Professor Kempton has had this “vehicle to grid” system in the works for 10 years. He plans to double the size of his fleet by the end of the year. Half the cars are permanently parked and the other half will provide service for all the hours they are plugged in, which could be as much as 20 hours a day."

     

    So for the Low Low price of a mini Cooper E and all related electronics he can earn $5 a day. As long as he doesn't use the car.

     

    Power Cube anyone?
    29 Apr 2013, 08:33 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    I observed what happened today. I'm still onboard with this.
    30 Apr 2013, 12:09 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2137) | Send Message
     
    I have close in limit orders to buy another 10k. Never could resist a good deal :-)

     

    I believe TG is sitting on a good cap raise deal that is very close to completion. He is also NOT going to talk about it until the paperwork is done. Keeping shareholders informed and happy is nice, but keeping the cash drawer stocked is much more important!

     

    Obviously MHO.
    30 Apr 2013, 02:53 AM Reply Like
  • LT
    , contributor
    Comments (4855) | Send Message
     
    7:01 AM Nissan (NSANY.OB) plans to step up its efforts to see more charging stations installed in the U.S. The automaker will target key markets such as Atlanta, California, and Washington D.C. by providing some funding after seeing sales rise in areas where quick charging stations were increased. Comment! [Global & FX, Consumer]
    30 Apr 2013, 07:08 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    For folks worried about the offering, I want to pose some thoughts. This might explain why after the last raise we saw price hold up well for quite some time.

     

    If I'm a flipper with a few million shares bought at ... say $0.15 and I want to double my money, what do I do? I know that at some point, for some time, the market will be lower volume and easily moved around.

     

    01. Allocate a few more dollars to buy more shares in the market when price tanks, knowing around the time of, or shortly after, the capital raise there will be positive PR.
    02. Buy slightly higher volumes on low volume days, when price is easily moved, hitting the ask most of the time.
    03. Any remaining sellers, likely not large holders, at these depressed prices quickly move asks up as they see the asks getting taken at ever-increasing prices and frequency.
    04. This gets momentum going up and sellers become loathe to hit the bid and some momo folks buy in and some retailer investors see appreciation and buy in or add, ...
    05. When price gets to my target, I start slowly selling. I keep re-cycling the $ associated with the extra shares, selling and re-buying, to help hold price high while I unload the original tranche.

     

    ISTM, this is what will happen (again?) if the capital raise involves the flippers.

     

    So, folks that bought at yesterday's low prices will be well positioned to profit from the flippers' actions if what I envision is what happens, and if yesterday's buyer's are a little patient.

     

    Doesn't make sense? Well, if I can deploy, say, 10%-15% more capital, short-term, and double the value of the shares I bought in the offering, doesn't it seem rational? And keep in mind the additional share dollars are just being churned, in reducing share volume with increasing prices, and will likely net out near break even anyway.

     

    Thoughts welcome.

     

    HardToLove
    30 Apr 2013, 07:31 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    (AXPW): Axion Power Announces Date For The Release Of First Quarter 2013 Results, Conference Call And Webcast

     

    "... before the market opens in New York on Thursday, May 16, 2013. Axion's management team will host a conference call to discuss the Company's financial results on the same day, at 11:00 am ET.".

     

    http://prn.to/12Om0ys

     

    HardToLove
    EDIT: Well, we know the doors aren't shut.
    30 Apr 2013, 07:35 AM Reply Like
  • LabTech
    , contributor
    Comments (1770) | Send Message
     
    HTL,

     

    Yes, I saw the email this morning. As I see it, basically Axion's way of saying, "yes, we are still going to be here on the 16th of May, no, don't expect any other news until then...now leave us alone, we have batteries to sell!"
    30 Apr 2013, 09:29 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    HTL,
    We also know that TG can't keep information quiet at a CC without a very definitive explanation as to why.
    The perfect storm. Announce the financing and show continuing sales process all at the same time.
    30 Apr 2013, 07:57 AM Reply Like
  • Al Marshall
    , contributor
    Comments (517) | Send Message
     
    When I first saw the conference call announcement I thought, great, the financing news! Then I realized it couldn't possibly be since it's a day early for that news.
    30 Apr 2013, 08:22 AM Reply Like
  • John Petersen
    , contributor
    Comments (29995) | Send Message
     
    I'd be very cautious about fixing an expected date for news. I've spent three decades documenting financing transactions and the process always takes longer than anybody expects. In late 2007 I wanted to close the Quercus deal by mid-December. We finished the paperwork in mid-January. We knew we had a deal, but until the closing there was nothing to talk about. I believe Axion has a transaction in place, but I'd never try to predict an announcement date.
    30 Apr 2013, 08:34 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17734) | Send Message
     
    04/29/2013: EOD stuff partially copied instablog (up later).
    # Trds: 174, MinTrSz: 300, MaxTrSz: 185191, Vol 1332379, AvTrSz: 7657
    Min. Pr: 0.2001, Max Pr: 0.3440, VW Avg. Tr. Pr: 0.2125
    # Buys, Shares: 78 470674, VW Avg Buy Pr: 0.2149
    # Sells, Shares: 96 861705, VW Avg Sell Pr: 0.2112
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:1.83 (35.3% “buys”), DlyShts 51500 (3.87%), Dly Sht % of 'sells' 5.98%

     

    Daily short sales were again relatively high, compared to the trend of the last couple months, at 51.5K. Because of the high trade volume, the percentage was quite low though. I'm guessing that the source of the daily short sales were what I guessed previously – some shares from a bigger seller that were traded through a market-maker not controlled by the broker at which the shares were held.

     

    Just for some context, average trade size, which is near the high end of what I believe is typical retail trading, was influenced by a single trade of ~185.2K (13.9%, ~1/7th, of day's volume). Removing this trade would give us 6,631 average trade size, which I think is at the high side of the retail mid-range. That would also put the buy:sell to 1:1.44 (41% “buys”) and move average trade price to $0.2143.

     

    We managed to penetrate the low from 11/12/12, $0.2018. We also had more than triple the volume. In November, we had an immediate rebound and began our grind up. But this time we do have concerns about financing, the possibility that our big sellers are not yet done, and disgruntlement with managements (lack of) managing investors' expectations.

     

    Thinking of the larger offers seen recently, the volume spike today, the price action and EOM, I suspect the selling pressure will abate today or tomorrow. I could be wrong, but the likelihood seems high to me.

     

    With today's exceptional volume, there's no point in looking at my experimental stuff – weakness shown all around on the experimental inflection point calculations. The only positive is that average trades size, using either number above, is still within the up trend.

     

    Details of “Dly Sht % of 'sells'” and inflection points omitted here.

     

    HardToLove
    30 Apr 2013, 08:53 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Article on 48V LC Super Hybrid

     

    Life left in lead-acid batteries

     

    "The system follows on from a 12-volt package first shown at the 2012 Geneva motor show. The ALABC and CPT have been working for more than a decade on low-voltage hybrid systems, more recently taking advantage of dramatic power density improvements in lead-acid battery chemistry.

     

    The partners say that extra carbon in the negative electrode helps boost energy density in the latest generation of such batteries, and that they show high resilience to the endless charge/discharge conditions in which hybrid power packs work."

     

    http://bit.ly/12X4Hwc
    30 Apr 2013, 09:19 AM Reply Like
  • Amouna
    , contributor
    Comments (1537) | Send Message
     
    iindelco,

     

    I thought the addition of Carbon on the negative electrode had the effect of boosting the power density, not the energy density?

     

    Correct me if my understanding is wrong

     

    thanks
    A
    30 Apr 2013, 11:45 AM Reply Like
  • iindelco
    , contributor
    Comments (9250) | Send Message
     
    Amouna, That is my understanding as well.
    30 Apr 2013, 12:19 PM Reply Like
  • DRich
    , contributor
    Comments (4529) | Send Message