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  • Axion Power Concentrator 242: June 8: Axion Power Reports First Quarter Results For 2013 321 comments
    Jun 8, 2013 11:20 AM | about stocks: AXPW

    Latest News, Articles and Presentations...

    Axion Power Reports First Quarter Results For 2013 --

    "Our hybrid passenger vehicle work has entered a new phase. The OEM, in an anticipated effort to insure they will not have a "sole source" issue, has asked us to pursue with them, an alternate provider of our final product. Since this initiative is in keeping with our long stated future strategy ("to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry"), we embraced the process. We are a few months into that program and it is going well."

    "The second hybrid truck program we have been working on is a dual battery design for a truck stop/start technology. This is very similar to the stop/start initiative we have been working toward with passenger vehicle OEM's, except that the battery sizes are larger. In this stop/start program, we have an historical industry leader as an initial strategic partner. We are in the early stages with this program, but we have been told that, if initial data continues to trend as we have predicted, then we will be able to incorporate data we developed in our passenger vehicle stop/start program. This is significant because it will literally reduce time to market by at least 1/3 rd."

    "Our Phase II proof of concept effort includes collaboration with strategic partners chosen for their expertise in the development of compatible vehicle systems that are essential for our entry into both historical and emerging markets. The unique properties our PbC® battery exhibits - long cycle life; high charge acceptance; fast re-charge; and inherent string equalization - create a strong case for PbC adoption by historical industry leaders and by those with new cutting edge technologies. Our application pointed out, as further evidence of our potential place in those markets, that we are in various stages of lab or field vehicle testing with these strategic partners."

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

    Axion Power Completes Private Placement for $9 Million in Senior Convertible Notes With Warrants and $1 Million in Subordinated Unsecured Notes With Warrants --

    the developer of advanced lead-carbon PbC® batteries and energy storage systems, announced today that it has completed a private placement of $9 million principal amount of senior convertible notes and warrants with institutional investors and an additional $1 millionprincipal amount of subordinated unsecured convertible notes and warrants in an ancillary transaction with directors, officers and one of the original Axion founders. Maxim Group LLC acted as placement agent.

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

    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.

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

    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 --

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

    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.

    ---------------------------------------------------------------------------
    Axion Power Weighted Moving Average Prices and Volume:

    (updated through 06/08/2013)

    (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)

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

    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: (updated 6/1/2013) HTL tracks and charts AXPW's intra-day statistics.

    PbC Cost Estimating Spreadsheet and Instablog: Apmarshall62 put together an instablog for estimating costs of the PbC. It includes a downloadable spreadsheet that you can use to plug in your own cost estimations.
    --------------------------------------------------------------------
    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 »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (321)
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  • DRich
    , contributor
    Comments (4421) | Send Message
     
    peek-a-boo
    8 Jun 2013, 11:26 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    I see you!

     

    :-)
    8 Jun 2013, 11:39 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    pew math: faith in the heart equals an ass in the seat.
    8 Jun 2013, 11:49 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    "which group is doing a better job of keeping Axion stock low, NS or BMW?" ------ The fault, dear Brutus, lies not in our stars, but in ourselves...

     

    I'd have to say Axion senior management's lack of transparency is far and away the most important reason the pps has been so depressed. From what I can gather, Axion has never been so close to capitalizing on its unique product, but at the same time is sporting close to an all-time low market cap and pps. Lack of effective communication and the lack of trust it engenders strikes me as the primary reasons for this situation.
    8 Jun 2013, 02:22 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    WiO: +1.

     

    HardToLove
    8 Jun 2013, 03:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    +2

     

    Like a teenager who got a new car as a gift, Axion finds itself with a fabulous shareholder base that it did not earn and cannot appreciate.
    8 Jun 2013, 05:05 PM Reply Like
  • Keyboard
    , contributor
    Comments (67) | Send Message
     
    There has been a recent lurch in rates for high yield bonds:

     

    “In less than a month, average yields, according to the FRED BofA Merrill Lynch index, jumped from 5.24% on May 9 to 6.34% on June 6, from the lowest to the highest level of the year. “ (wr)

     

    An increase of 21% in these interest rates.

     

    The recent fund raise had complex conditions whose effects update with time rather than being a fixed done deal. It is not impossible that the recent stock price action could be reflecting nationwide changes in how risky money is priced.

     

    The point being -- as others have said from a different angle:

     

    Stock price fluctuations should not necessarily be seen as representing how smoothly Axion's known business opportunities may be progressing

     

    (behind those cotton duck canvas curtains manufactured by the firm of NDA).
    8 Jun 2013, 03:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Good thoughts Keyboard! However, I think my original rant that they may have gotten a better deal if the project to solve sole-source that was under way for several months had been put out to the market sooner as I think this market may have generated higher prices and volumes for the share price based on that news.

     

    *If* that be a fair assessment, the financiers would have seen a more-liquid market than was being shown at the time(s?) and better share price. This should have allowed a more favorable deal to be struck that incorporated *potentially* fewer shares being issued and/or a higher initial and, maybe, calculated price going forward.

     

    It would have also been a kindness to existing share holders who have reservations about just how things are going.

     

    MHO,
    HardToLove
    8 Jun 2013, 03:56 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    As a careful observer of moods on the Concentrators I think its fair to say that the word wouldn't have made a bit of difference. People were fixated on the need for financing to the exclusion of all else. The real news of slashing a huge chunk of cost out of the PbC did nothing. News that "we're trying to create a new partnership" is a lot like "we're courting a new potential customer." The only response would have been SHOW ME THE PAPER.
    8 Jun 2013, 05:09 PM Reply Like
  • Keyboard
    , contributor
    Comments (67) | Send Message
     
    HTL, you (and others) have passionately made a good argument regarding the value of earlier release of the non-sole-source negotiations, so it is important to understand why it may have happened so we can sympathetically and effectively "agitate" for such disclosure in the future when such judgment calls need to be made by management.

     

    Management can be assumed fearful of releasing optimistic but vaguely worded statements that will be pounded on for being that. T

     

    Specifically in this case,
    E Buiel listed in the past month several items that he considered as having been already true when he was with Axion. One of them was about discussions on multiple source issues having stretched back to that time.

     

    If the path from then until now was relatively continuous with many micro-steps rather than a giant now-we-can-announce-so... step, it would be easy for TG to let negotiations progress to what he considered a deeply meaningful state before overcoming the necessarily ingrained habit of not flying off prematurely.
    8 Jun 2013, 05:17 PM Reply Like
  • Keyboard
    , contributor
    Comments (67) | Send Message
     
    Regarding mood I recall two types of comments:

     

    1.) Tough taskmaster: "No more talk, show me sales".

     

    2.) Fearful stockholders desperately looking for any clue that the BMW relationship might still be all right.
    8 Jun 2013, 05:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Achtung! SA seems to have lost my instablog beginning 6/1/2013. Or removed it!

     

    They've been deleting comments including one that has no material objectionable by any stretch I can see.

     

    I can reconstruct it, but I think I'll leave it to them and see what they have to say first.

     

    HardToLove
    8 Jun 2013, 04:05 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2099) | Send Message
     
    HTL: I had a comment on another SA blog removed for, apparently, using the work "moron" as a non-searchable variation of Morgan. As in JP M x r x n

     

    Abusive? Hardly. They must use word searches and not bother to actually read and comprehend the comments.
    8 Jun 2013, 04:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    SHB: This is the one that really frosted M: "Re ePower: another benefit? Unsure since I don't recall how many conventional batteries were used ATM. Anyway, if the same numbr of batteries are used, battery weight ~= 66% of conventional = greater load capacity. Further, balancing via 5th wheel and trailer tandems should be easier to avoid exceeding axle limits. I recall a full load long ago where they put all the heavy bags at the front of the trailer. Took me a *long* time to get that bugger legal on every axle. Another small plus for the system using PbC. HardToLove"

     

    Gives credence to what you suggest.

     

    It'll be fun to see if they remove this iteration of that.

     

    Two others I can at least see some logic: one had $$ is the place of the usual "ss" with an "a" in front and "hole" trailing, although it was not directed at anyone. It was a reply to Smaturin saying "Not going quite that far as then we'd have some" you-know-whats inspecting other you-know-whats.

     

    And the other was a wordplay "D.G: "FocalPoint xxxx." Aren't all *good* statisticians and researchers xxxx" where the xxxx was an abbreviation of FPA's full moniker.

     

    Add to that they have scrogged my-e-mail address and ...

     

    I've been seriously thinking about abandoning ship.

     

    HardToLove
    8 Jun 2013, 04:49 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    I guess I'm due for some erasure...
    8 Jun 2013, 05:11 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    HTL, Wow. Changes in SA land. Maybe they think your moniker means something different and it's backwards to throw them off? Like Love T.H. ( Like The Hun) as in Attila. Hate to see you conquering SA with your hidden messages in that Axion TA! That or they are sick of you helping them with their software issues and they prefer people like me that just frown and bear it.

     

    Anyway, Wish you well with your ability to get it back up. It's appreciated and would be missed.
    8 Jun 2013, 05:20 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    SiHB, Shame but I can see how a site could never keep up with the removal of certain offensive posts without robot removal. Thus they indiscriminately remove the word and when it's used properly, like in your post, content gets lost. ;)
    8 Jun 2013, 05:28 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Hey Iindelco, have you always been this creative with your thinking? Or did posting here on the Concentrator bring out a latent talent? lol
    8 Jun 2013, 06:23 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    WIO, Posters here helped a little but I can assure you that working in industry with a significant portion of it being for companies like F, GM, Chrysler and especially Valeo will turn you into one facetious human being. My delivery is not near as good as some here when they wish to add a little zing into their comments. Many here have much better literary skills and also have had the gift of better educations which they have taken full advantage of. :)

     

    PS, Doing work for Toyota was a breath of fresh air. What a well run organization compared to the traditional "Big 3".
    8 Jun 2013, 06:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    48: I'll send Arnold around! ;-))

     

    ... No, not Tom Arnold, the other one! :-))

     

    HardToLove
    8 Jun 2013, 08:26 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Iindelco: I have it all in a Libreoffice (sort of like Word) document but I'm peeved with them right now. I want them to realize that their gremlins actions have effects when they don't do it "professionally", like testing in a VM first, having beta testers, ...

     

    1) Stopped receiving my daily e-mails with all the articles in it.
    2) Asked them to fix it.
    3) When they did I started getting them with a different I.D.
    4) 'Splained it Lucy and they said "You can't do that - against the rules"
    5) I said I've been doing that a couple years to the benefit of SA, me and others,
    6) Latest is "we'll let you know if/when our tech folks get it fixed

     

    Um, that's been a while.

     

    Now my suspicion about the comment deletions is reinforced by the theory posted above - a reader program with a list of word and phrase variations doing auto-deletes. When it happened before I was told 1) Someone new to SA hit report abuse - maybe an accident; 2) well you did say the person "wasted bandwitdth" maybe that's why your comment was deleted; 3) We're open to suggestion on improvements.

     

    I don't like other people's problems to become mine, so I did not respond.

     

    Maybe if they offered me $ - I used to get very nice $ from IBM as a contractor and got good $ as an employee from another major company back in the day. Now I'm "retired", they can spend their money on competent people at the systems and designer levels. Everybody thinks it's "just coding".

     

    Ignorance is the most widely available commodity and the cheapest in purchase but most expensive in TCO terms.

     

    MHO,
    HardToLove
    8 Jun 2013, 08:40 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    iindelco: maybe they';ve not heard of "alpha test" and "beta test"?

     

    The way they throw software changes in, I think not.

     

    Until a new algorithm, program or system is proven "correct" (100% is impossible, but you can come close with reasonable expense and good procedures) it absolutely must be monitored for some long period after implementation. Improvement cycles should be expected and planned for.

     

    HardToLove
    8 Jun 2013, 08:44 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Nice. From CS at SA: "Thank you for contacting Seeking Alpha. Could you please re-submit the instablog "AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 6/1/2013". There was some data base up gradation happen. This may have caused the instablog not appear.

     

    We apologize for the inconvenience caused. We look forward to read your instablog."

     

    Hm? No back-up when doing a DB upgrade? Or just easier to push work onto the end user?

     

    My opinion of this need not be stated I think.

     

    And yet, when I click the link in the header, there it is. So it's just missing from my list of instablogs.

     

    HardToLove
    9 Jun 2013, 06:56 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Adding insult to injury. Didn't sell enough to matter much.

     

    CODA recalling certain MY2012 CODA EVs

     

    http://bit.ly/18gswnK
    8 Jun 2013, 04:11 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    They could have done that recall from a phone booth with a roll of quarters.
    8 Jun 2013, 05:12 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    John, I think you're exaggerating. A whole roll. Ha!

     

    At least the Feds and Ohio passed on a large chunk of that "A swing and a miss".

     

    And speaking of a real pie in the sky idea.

     

    Exciting discovery for electric car batteries

     

    "This innovative new system swaps out the cells that are depleted, rather than recharging the entire unit, dramatically reducing energy charging time. Just like you use a pump for fossil fuel, you can now ‘fill up’ with freshly charged batteries."

     

    http://bit.ly/18Wr1rM
    8 Jun 2013, 05:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    I followed the link all the way to the company's website, it even has graphics. – http://bit.ly/11o6Psq

     

    Think inefficient version of Better Place.
    8 Jun 2013, 06:45 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    John, The engineering challenges of this make me cringe. Loading batteries into a channel changer for your TV at 2.4 VDC is one thing. Get a bad connection you take it out and rub it on your pants and put it back in. Dispensing them out of a machine into perhaps a 600 VDC string with all the contact conditions etc. needing to be assured. Well, this is a bad bad bad idea. There is no car company in the world that would sign up for this liability. And like Better Place, it doesn't fly unless the vehicle is built to work with this in mind. BP had a chance in heck because it could work technically. This does not even have that.

     

    This article is late. It's a good release for April 01.
    8 Jun 2013, 07:27 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    John: For the younger folks, "What's a phone booth"?

     

    HardToLove
    8 Jun 2013, 08:46 PM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    "John: For the younger folks, "What's a phone booth"?"

     

    Dr. Who's transport.
    8 Jun 2013, 08:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    D-Inv: Superman's changing room.

     

    HardToLove
    9 Jun 2013, 06:46 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Perhaps more fitting given the room we're in. Underdog?

     

    Boy the atmosphere in these concentrators sure does change after financing rounds. I'm seeing empty voids at the back of many sock drawers. Hell and damnation. (And based on this last statement a message from SA.)

     

    PS If Superman and Underdog showed up at the last available phone booth what happens? Well, based on what the movie industry is putting out lately this might just be an appropriate story line. What will come first? This movie or an NS999 moving under its own power sighting?
    9 Jun 2013, 10:34 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Iindelco: "Boy the atmosphere in these concentrators sure does change after financing rounds."

     

    We all know it's the fact that financing continues to be the only product when we've been expecting *something* more, even a minimal something, for a long time. If any of those came to fruition, attitudes would be different.

     

    "Commercial enterprise"? GD time to prove it.

     

    Still here, but expecting more and with less patience than in the past now.

     

    HardToLove
    9 Jun 2013, 10:41 AM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >H.T.Love ... Mr. Granville's decision to evaluate Axion as a "Commercial Entity" going forward means the company is doing business or not. Makes my attitude easy, binary & radically extreme to begin with.
    9 Jun 2013, 10:59 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    HTL, Ahhh, A tangible outcome of "Fails to deliver".

     

    John stated above that "Like a teenager who got a new car as a gift, Axion finds itself with a fabulous shareholder base that it did not earn and cannot appreciate.". I sense adjustments being made.

     

    Interesting shareholder meeting this year I bet.
    9 Jun 2013, 11:03 AM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    I find myself in a very frustrating position because I talk to ePower several times a week and I know they think the PbC is the greatest thing since sliced bread. If poor little ePower is beside itself with the PbC's performance in a very tough application, I can't bring myself to believe the big outfits who know the battery better and have invested far more money and time on testing and validation take a different view. They're just more cautious in an obsessive determination to minimize the "big mistake" risk that goes hand in hand with adopting any new technology.

     

    The PbC is not a simple step-change improvement in lead-acid chemistry. It is demonstrating capabilities that are beyond the wildest imagination of design engineers at first tier users who are testing the darned thing to death because they fear the too good to be true rule.

     

    Axion's communication challenges are immense and stacks of NDAs just make matters worse because deafening silence gives birth to fear of failure when the real concern should be "how are we going to finance and manage OMG growth?"
    9 Jun 2013, 11:33 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    iinde, especially with the request for an increase in the authorized # of shares from 200mil to 300mil or more.

     

    But, if we see great news by then and at least a stabilization of the stk price, the mtg might go well. If not, expect truncated communication like the last two conference calls.
    9 Jun 2013, 11:51 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    John, I Agree with what you say. But you have to wonder what the heck is going on in Newcastle when year after year announced opportunities keep evaporating or being pushed out. And the feedback to the market is silence. Clearly something is wrong. And when it goes on as long as it has there is only one person to point at. TG has a severe problem in delivering information that is conducive to the best outcome for Axion.

     

    Failures in business relationships for any company are a part of life. Leaving the market to attempt to figure out what happened again and again is not a good means of building investor trust. It delivers no sense of assurance that adjustments are being made if the failure mode is internal to the company.

     

    I'm not questioning the value of the seed. I'm worried about the farmer.
    9 Jun 2013, 12:16 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >iindelco ... Well said. I agree but can never seem to express the sentiment.
    9 Jun 2013, 01:23 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    Iindelco> The Rosewater relationship ran into some problems, but I've heard nothing that makes me believe any of the others are even troubled. The process is taking far longer than we outside observers think it should, but the customers care far more about their process than our opinion.
    9 Jun 2013, 01:49 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    John, Sorry. For clarification. Exide and Rosewater as two examples of relationships that came out with announcements and then faded away for unknown reasons. So, If this is how things are handled in multiple cases, how am I to know that the sands have not shifted at NSC. Just an example. My point being that established patterns cause certain concerns even though they are void of fact.
    9 Jun 2013, 03:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    After watching hundreds of friends begin new relationships with lavish weddings only to have the relationships fade for a variety of reasons, including some that I understood and many that I didn't, I don't know how much explaining is either possible or credible when a business relationship starts well then ends badly.

     

    Starting a an entrepreneurial company means that every relationship is new and many will not be permanent. They'll each stand or fall on their own merit.
    9 Jun 2013, 04:01 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Fair enough concerning the explanation component of my thought process. But it becomes public knowledge when the divorce papers go through. Makes it easier for family participation planning and potential partners.
    9 Jun 2013, 04:56 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    If Axion is not careful, it will soon find itself a company that "had" a fabulous shareholder base that it did not earn and did not appreciate and as a result lost it in a spiral to a group of sharks.
    9 Jun 2013, 04:56 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    Absent a stampede Axion can't lose its stockholder base because the sharks will always be willing to under-bid patient Axionista class sellers by a hundredth of a penny. Nobody on this board wants to get into a shoving match around the pay window with these guys.

     

    The risk is losing active support from the base which may hunker down until the storm passes.
    9 Jun 2013, 07:49 PM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    "... I talk to ePower several times a week and I know they think the PbC is the greatest thing since sliced bread."

     

    Just not great enough to result in repeat PbC sales. The question is, Is there a market for ePower Engine Systems hybrid conversion packages using a 4-cyl John Deere diesel genset? I believe there is such a market and wonder why ePower is not moving forward with such sales while negotiating with Cummins for supply of alternative genset packages?
    9 Jun 2013, 08:38 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >D-inv ... You really do make great effort to get ahead of yourself. ePower has had possession of the PbC for 6 months. It behaves so different from an AGM battery it would push many alterations. Nothing that should be show stopping difficult but does provide much different performance that requires ramped testing.

     

    ePower Engine Systems is not in the sales business this year or next according to what I've read here. I find it to be a good thing that they are confident enough to demonstrate to Cummins. I might begin to develop some concern if they don't return the prototype to the terminal operator for field trials and order batteries for the announced 2013 truck build program. I'd venture to guess these to be accomplished by September. I'd further guess we will not hear a word about either event until November, maybe.

     

    Next year, 2014, is when ePower will probably make some noise about field trials and start actively building a waiting list. We should hear of such progress from Axion around March 2014.
    9 Jun 2013, 08:57 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    ePower seems to be suffering almost as much as Axion for poor communication. http://bit.ly/UT6Hhy appears to be last updated with a blog entry in 2010. There is no mention of PbC or Axion. http://bit.ly/U1Q32E is still claiming an impossible increase from 5.5 mpg to 14mpg, and no links to their patent or realistic data. Not even links to their press releases.
    9 Jun 2013, 09:42 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    big difference: epower is private.
    9 Jun 2013, 09:55 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    MM, yes, but the sad thing is that a presumably fine engineering project is being sullied by making ridiculous claims. This destroys their credibility, whether for future investors, customers, or partners. If I was Cummins and saw their 5.5 to 14 mpg claim, I would dismiss them as incompetent fools or worse. Better to make no claims than be considered a crackpot. Even better, claim what is demonstrably true, ie, their patent.

     

    I wish, for their sake, they could publish some preliminary data truck A vs truck B for a thousand miles. Choose their own sweet spot for geography. I fear that Axion has tied them up with NDAs.
    9 Jun 2013, 10:28 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >Rick Krementz ... Do you really think that Axion is the entity pushing the NDA's?

     

    That is different than I'd assumed true with BMW & NSC. I hope that is not the case because I was hoping that ePower might be a conduit to find some specifications to associate with the Axion battery out in the world.
    9 Jun 2013, 10:41 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Imagine you're an aircraft designer for Curtiss-Wright Aviation in 1942... you've been working with state of the art reciprocating engines and propellers. You know how to design and work within all their known limitations and strengths. One night, somebody in a black trenchcoat shows up and says psst... I have this engine out back in a truck. You check it out and it's a F86 turbojet from 10 years in the future. Holy hell, what do we have here? Salivation occurs. You get that puppy into the shop. You start playing, in a couple of days you fire it up, you do some tests... OMFG. Now, do you try to bolt it onto a tried and true P40 Warhawk? No you do not. You get your boys together and after everybody stops wetting themselves you get to work. Six months later you rollout a proper airframe, fully designed with systems optimized for all the new engine's strengths and weaknesses. As the thing finally screams down the runway and makes its first low pass zorching by at 600 knots everybody knows it was worth the wait.

     

    Overly dramatic and embellished well yeah, but I gotta believe the ePower guys are now experiencing something quite similar.. ;)
    9 Jun 2013, 11:46 PM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    :-) Actually, DR, ePower has had possession of PbC batteries for ~ 7 months. TG reported shipment of the batteries on November 7 during Axion's November 2012 CC. So the company had possession of the batteries (subsequently disclosed as 60 count) from at least the last of half of November, 2012 through 1st week June, 2013.

     

    It was alleged either in the CC or shortly thereafter on the APCs that a PbC populated ePower truck would be in commercial service before the end of that month. Reality proved quite different. Reality was that ePower Engine Systems was an R&D company with an unstable (if not unreliable) serial ice-electric hybrid drive system for class 8 trucks that did not live up to advertised claims and serious effort to exploit PbC capabilities effectively did not begin until Feb 2013. March 4 Axion & ePower announced a "strategic alliance" for promotion of 18 wheeler hybrid trucks relying on PbC batteries. From the press release, "ePower Engine Systems has consented to a five year initial term with Axion Power that includes the exclusive use of Axion's PbC® batteries, and battery management systems, in all ePower retrofits and conversions."

     

    TG claimed in the latest CC that PbC equipped ePower hybrid trucks equipped with the latest PbC batteries can now handle 80,000 lb GVW. Around first of the year, ePower reportedly planned 10 - 12 class 8 truck conversions this year, a number consistent with expanded testing of the model. Those planned conversions likely will be financed by fleet operators that have previously expressed interest in the hybrid trucks (reportedly about 200 in number). That is, the ePower Engine Systems development and business model, as I understand it, relies on SALES of units to pre-identified fleet operators with strong interest in fuel savings.

     

    Regarding "good thing that they are confident enough to demonstrate to Cummins", any such demonstration strikes me as rather curious unless ePower really has no market for units equipped with John Deere diesel gensets. I would find an ePower trial of a six cylinder diesel perfectly understandable as a straightforward means of expanding ePower's target conversion markets to include trucks serving more mountainous terrain. But demonstration of an ePower truck to Cummins personnel strikes me as informing a potentially formidable competitor of a looming threat to the competitor's business.

     

    Cummins may well see large potential for impairment of large engine markets and reduced future revenues unless it develops a Cummins alternative to ePower.

     

    But, back to the thrust of my earlier comment. We know from TG commentary in CCs that Axion sold PbC batteries to ePower last year. We also know from CC commentary last month that Axion supplied a second set of PbCs to ePower (with no mention of terms of supply). To date, Axion shareholders know with certainty of only one sale of PbC batteries to ePower. There is no concrete evidence of REPEAT SALES to ePower. IF the original ePower smaller size ICE engine system (4 -cyl John Deere) complemented with PbC battery bank has been demonstrated capable of dealing with 80,000 lb GVW while delivering 35% or better fuel economy, it is time to prove the application's commercial viability with some repeat sales.

     

    10 Jun 2013, 12:38 AM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >D-inv ... I'm guessing you're not an engineer or you would have found that statement about that truck being in commercial service before the end of that month as funny as I did. From my experience, I think September is fair estimate of when ePower will feel confident with their mods and do something with them. The Cummins demonstration was curious for which I have some completely unfounded ideas.
    10 Jun 2013, 01:02 AM Reply Like
  • bazooooka
    , contributor
    Comments (2323) | Send Message
     
    Great story; I wish Axion had 1/10th that kind of sizzle =)
    10 Jun 2013, 04:22 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    48... you have to be the most creative person with words I have met ! LOL.
    You really should be a writer, your comparisons & contrasts are great
    10 Jun 2013, 04:28 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Shucks, & thanks gents. Lots more misses than hits though, but hopefully, at least amusing... Just wish I had the talent for savvy & detailed market, financial, and business analysis that many do here...
    10 Jun 2013, 04:46 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    DRich - Yes, I know Axion itself is pushing NDAs.
    10 Jun 2013, 06:05 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Rick,

     

    How do you know that? Do you have sources somewhere? :)

     

    I personally highly doubt it, but if it is indeed the case, then Axion's management should bear the blame on the lack of transparency and the poor handling of investors relations, and they should be held accountable for it at the next AGM
    10 Jun 2013, 06:20 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    Personal experience with Axion management. Yes, ouch.
    10 Jun 2013, 06:25 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    thanks Rick, I have long suspected that AXPW was as much pushing NDA's as the users. Question is WHY ?
    10 Jun 2013, 06:45 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    LT,

     

    If this is really happening (Axion pushing NDAs), then I find it to be a poor decision to make, especially for a management team that is apparently trying to make Axion a recognizable brand in the battery component/energy storage systems business.

     

    I thought that iron-clad IP assets were there as a protection for AXPW, plus why would a 30 million dollar nano-cap be so paranoid so as to fear competition?

     

    For me, it seems like Axion is trying to shoot itself in the foot from the get-go
    10 Jun 2013, 06:55 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    I think the potential answers to the "why" are very good questions to explore indeed...and those folks with insight/experience can add a lot here IMHO...

     

    What do we think Axion's reasons could be? What are their concerns? What are the pro/cons to such secrecy? Now that they're a proclaimed commercial entity, could a change in that respect be coming perhaps? Is Axion just being overly paranoid, or is it reasonable that they should have valid concerns about (for instance) competitors learning too much, erroneous misinformation being promulgated etc? Or could it be that heretofore they felt the battery itself just wasn't ready for primetime?
    10 Jun 2013, 07:05 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    HTL,

     

    One of my favourite past times is explaining to my neighbour's 13 year old kid - who is completely addicted to digital life- that not too long ago we didn't have the Internet and that life is good after all! To which she replied:" you are a dinosaur, how did you manage to live?"
    10 Jun 2013, 12:02 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2382) | Send Message
     
    I wonder if they have or might soon change their stance on initiating NDAs

     

    a) now that V2.0 is out, and their quality is better ...

     

    or

     

    b) now that they realize they really need some "wins" ... even small ones.

     

    >RK,

     

    1) would you care to share how long ago you had your experience?

     

    2) did they spend much time talking to you about sales potential before blowing you off?

     

    I could imagine if they truly believe that almost any customer would need a lot of technical expertise handholding/support to properly take advantage of the battery, and due to financial constraints, they had nobody to do it, then the calculation of when to forgo NDAs may be a little more complicated than we might imagine.

     

    You also can't "unring a bell" if somebody really does aim to screw you over with bogus test results or erroneous conclusions. No/little money to sue either :-) Maybe the management is more paranoid than we might believe.

     

    And remember ... just because you're paranoid, it doesn't mean they're not out to get ya! :-)
    10 Jun 2013, 12:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    If ePower is a fair example, the typical customer requires a massive amount of hand-holding and technical support because even when things work the mere act of building something new shows you ways to make it work better. Even if you know lead-acid batteries inside out, you don't know jack about the PbC and how to optimize your system for it's unique characteristics.
    10 Jun 2013, 12:43 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    That would change significantly with some detailed specs.
    10 Jun 2013, 12:52 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    It's my understanding that Axion actually tweaked the second set of batteries that it sent to ePower to better fit the power curve ePower needed. Axion has been talking for years about how the PbC could be tuned within a relevant range to favor energy or power. AFIK this is the first time when they've actually done so with results that delighted the customer.

     

    I don't know what the adjustments were and Axion won't discuss them in detail with ePower, but the second set of batteries perform far better in ePower's system than the first set did.
    10 Jun 2013, 01:02 PM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    but the second set of batteries perform far better in ePower's system than the first set did.

     

    I had always wondered if the slow adoption other than the mfg. problems was if the batteries themselves worked as well as we thought.
    I am not saying the batteries don't work, but that in some apps the initial tests could have been better.
    10 Jun 2013, 01:20 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    The testing and validation process for every new technology is iterative and the mere act of building something reveals ways to improve it. That being said first tier companies don't continue working with new technologies that don't satisfy the substantial bulk of their needs on the first go-round. Every design engineer I've ever met had a strong congenital predisposition to "how can we make this even better?" That's why they call it research and development.
    10 Jun 2013, 01:42 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2382) | Send Message
     
    One wonders what the odds are that BMW and NS are using, or want to be using, the same battery "version?"

     

    Should a switcher and Over the Road Locomotive use the same version?

     

    Might NS (i.e., the managers that control the pursue-strings) have some of the same issues as BMW as to which "level" of supplier with whom they would sign a major contract? Even though they've already invested mucho $$, given their fear of another PR disaster, might they be waiting for the "strategic agreement" with a BMW level 1 supplier to invest any more money?
    10 Jun 2013, 04:18 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2382) | Send Message
     
    >JP ... sure hope you didn't violate some NDA with those tweaking comments :-)

     

    Would seem to me there might be good excuse for a talk or paper in there ... on the off chance they wanted some positive PR :-) Once the data comes in of course (drums fingers anxiously)

     

    Or is the tweaking most likely something that if very common in the biz and thus not novel in any way?
    10 Jun 2013, 04:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    I have no idea what they did but I know the customer is delighted with the difference, enough so that they drove the truck to Iowa last week to show the owner how it was performing with the PbC upgrade.
    10 Jun 2013, 04:54 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >JP ... YEAH !!! Something, somewhere has escaped the shroud of invisibility and is out in the greater world. Now if they could break through the cone of silence.
    10 Jun 2013, 05:09 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    John, Anything you can share relative to when they might target transfer of the truck back to the owner so he can put it into service? I thought ePower had one additional truck that had the old LAB's still which should afford them an additional vehicle to work with.
    10 Jun 2013, 05:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    Like ePower the owner is looking forward to the six-cylinder upgrade instead of the current underpowered four banger. His business is primarily point to point with heavy loads and he thinks the few extra horsepower will more than offset a small loss of fuel efficiency. The trip was more like a hands-on progress report than anything else and the owner liked what he saw. Like all customers, however, he's willing to hold off a little bit for the promise of better.
    10 Jun 2013, 05:33 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    wtb -

     

    1) My conversations are current

     

    2) They did not "blow me off"
    10 Jun 2013, 05:45 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    John, OK Thanks.

     

    A couple other questions if you don't mind. Obviously I understand where you can't "add color".

     

    So why is ePower working with a 4 cylinder now? Is it expected they might offer 4 and 6 cylinder options based on customer requirements?

     

    Is the existing generator rated high enough for the 6 cylinder or do they have to go larger?

     

    Can you share when ePower is targeting integration of a 6 cylinder? Seems this would be the correct time to iron out the engine supplier. A wish on my part.
    10 Jun 2013, 05:53 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (693) | Send Message
     
    What is NSC to do if they cannot meet the EPA requirements except by purchasing "tweaked" batteries from AXION?

     

    I would suspect that they would push for a delay in the implementation of the EPA mandate or they would get their batteries directly from AXION.

     

    And frankly so what if customer needs type A and another customer needs something different.

     

    All I care about are sales.

     

    Personally I suspect they would purchase the batteries as I suspect that the cost of the lobbying would be much more than the cost of the batteries.
    10 Jun 2013, 05:54 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >JP .. "... hold off a little bit for the promise of better." Is that like saying the use of Cummins engines is a done deal (except the ink drying)?

     

    Any word on the kind of mileage they got ... unofficially?
    10 Jun 2013, 05:55 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    DR> I think Axion requires every customer receiving any PbC data or batteries to sign an NDA. I won't be going to the shareholder meeting but for those that do I would love someone to ask that question directly. To preclude any wiggle room on the answer I would ask if all companies who receive a PbC battery must sign an NDA. I got a $100 that says they do, but definitive proof will probably be impossible to obtain.
    10 Jun 2013, 06:32 PM Reply Like
  • pascquale
    , contributor
    Comments (94) | Send Message
     
    Re: "It's my understanding that Axion actually tweaked the second set of batteries that it sent to ePower to better fit the power curve ePower needed."
    Before this comment the scuttlebutt (as I understood it) was that the increase was due to the new sheeting process. I wonder now how much it attributable to sheeting and how much to tweaking...
    10 Jun 2013, 06:37 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    Iindelco> ePower has been working with a John Deere turbo-diesel because that's what they could get. It's not an OTR diesel and its primary commercial use is stationary power generation. It works just fine for testing and development, but something more is needed for a serious entry into an EPA regulated application.

     

    When ePower first approached Cummins and told them what they were working on, Cummins stopped taking calls and responding to e-mails. That attitude apparently changed when ePower took the truck and let Cummins see what they'd done instead of hearing about what they wanted to do. The engine ePower is lusting over is Tier 3 compliant with a permanent magnet generator - exactly what the doctor ordered.

     

    Since ePower is a small company and knows that it has to take the engine up a notch, I'd look for them to begin integrating as soon as they can get a delivery. The ePower tractor isn't ready for prime time yet, but the system does appear to be ready for a serious commercial prototype demonstration.

     

    DRich> I've heard a several different numbers for mileage and think it's best for me to avoid quoting statistics until I've completed my lawyerly due diligence.
    10 Jun 2013, 06:42 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Thanks for the input John. Hopefully soon on some form of engine agreement. Here's to hoping the big boys don't lock them out.
    10 Jun 2013, 06:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    Even the big boys are sensitive about selling their halo products to dreamers who might make them look bad if (when) they fail. They get sweetly reasonable when the dreamer brings functional iron and says "I made it good but you can help me make it great."
    10 Jun 2013, 07:44 PM Reply Like
  • BugEYE
    , contributor
    Comments (191) | Send Message
     
    NDAs are not the same. Axpw signed NDA with BMW and BMW can talk whatever they want while axpw can not.
    It won't surprise me axpw would like to sign NDAs with whoever wants to test PbC for whatever purpose. 
    But that does not necessarily mean management is always muffled in a BMW/NSC fashion and intending to conceal the truth.
    10 Jun 2013, 09:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    NDAs are generally fully mutual, meaning neither party can discuss joint activities without the consent of the other.
    10 Jun 2013, 09:57 PM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    Discussion has moved a little bit away from Maxim and the financing, but permit me to vent a little bit more.

     

    Lots of people are writing stuff like "TG must have had a reason for accepting the Maxim terms" as an argument that there will be good news soon before the death spiral really gets going. Unfortunately, to me it looks like there was one: It was his last resort and he had to take what he could get.

     

    Tell me this, which financing do you think would be better for Axion, the Maxim financing as is, or last year's financing but this time at $.20/share? To me, it's pretty clear it would be the latter. Take into account the warrants, the ongoing vulnerability to a decline in stock price, and taking away any financial flexibility the company had.

     

    It was my understanding that the 2012 financing option was always available to Axion but that TG was holding out for something better. The terms of the Maxim deal make me think that was incorrect.

     

    I'm going to undertake a small project in the coming weeks. I'm going to take a look at the other deals Maxim has done in recent years (they list them on their website) and try to get a feel for what happened to those companies. I'll report back with what I can figure out. If anyone wants to help me, please PM me.

     

    8 Jun 2013, 07:21 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    I think you'll find that it all depends on the news cycle and the client company's ability to communicate their news effectively.
    8 Jun 2013, 07:23 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    now I'm gotten curious... does a bridge-loan with the devil *ever* work out? ;)
    8 Jun 2013, 08:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    Deals with the devil frequently work out as long as you keep your end of the bargain and deliver what you promise. If Axion shows the market that its stock is worth $.40 or $.50 or $1.00, then the deal with the devil will just be highly profitable for the devil. If Axion doesn't show the market what it's already shown ePower, it may have the devil to pay.
    8 Jun 2013, 08:53 PM Reply Like
  • bazooooka
    , contributor
    Comments (2323) | Send Message
     
    APM,
    I commend you for going down this path. I myself hinted at similar analysis but was told (by a few) that this would not help the remaining Axionistas.

     

    I kind of understand those that don't like the bad news shared - but then again these concentrators are supposed to be about crowd sourcing our due diligence.
    9 Jun 2013, 06:49 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Then the game is now really on in earnest isn't it?

     

    In certain quarters of the gov't some select organizations and tasks are occasionally described as "self-licking ice-cream cones"---meaning self gratifying and sometimes self-maintaining. But here it seems we have a "self-lighting" company...one that may have just lit a raging fire under its own bottom...
    9 Jun 2013, 07:00 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    apm, may I suggest you focus on the last few deals the new investors invested in. Maxim may have some influence on the new investors' behavior, but in my experience, all placement agents can be whores at any given point in time (I've got personal stories of major investment banks, the creme de la creme, whoring themselves out, and the mid and lower-Tiers, don't even ask me), or at a bare minimum, indifferent.
    9 Jun 2013, 11:57 AM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    apm,
    You are right to haul the discussion back to the financing. Of course it looks like it does because it is the best they could get. It is the single most important indicator of the health of and short-to-medium prospects for the organization. The diagnosis is bad and the prognosis is poor. A choke collar with a short leash.

     

    Mitigating against this is the $750k that Averill threw down. But maybe the investors insisted upon insider contributions before committing themselves.

     

    Either way, the only thing that can move the needle now is a significant design win that generates or portends real sales.

     

    This is not rail. This is not stationary. This can only be motive auto and trucks. This can buy the company some time to mature these and other markets.

     

    You also need to think about what is motivating management at this time. They of the fastened seat belts and bouncy steps.
    Lowest options are at $1.50. To be in the money we are looking at an enterprise valuation of $300 million plus given the amount of stock to be washing around.

     

    Hardly a likely scenario unless the design wins come in thick and fast.
    So management's best financial interests are to keep the show rolling on for as long as they can. Those salaries are not at all bad in the context of a loss making company in small town PA.

     

    As for the retail investor. Well there is no bounce in my step and I undid the seatbelt and left the ride because it wasn't going anywhere. Problem was the guy at the ticket office wouldn't give me a full refund.
    8 Jun 2013, 08:15 PM Reply Like
  • bazooooka
    , contributor
    Comments (2323) | Send Message
     
    Ant,
    I agree that the Axion salaries are competitive In PA. I'm sure Vani didn't jump aboard for the stock options alone. And to your point, the pps may be a secondary consideration in some of the brass' mind when there is things like "life" obligations which require one to have a steady income.

     

    I wish we could be certain that this thing was being steered toward a 100M+ valuation but maybe keeping the doors open is good enough for those who don't worry about the stock as much as the Axionistas do.
    9 Jun 2013, 06:56 AM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    In my experience salaries are necessary to keep body and soul together but personal pride only comes from accomplishing the goals you established when you first took on a project. The one Axion goal that's evaded me for the last 10 years is a national exchange listing. I almost made it a couple times in the early days but the opportunity slipped away and that still bothers me. Frankly I won't be happy until the goal is attained and it has nothing to do with whether somebody is or is not paying me a reasonable salary for my time and effort. One should never underestimate the importance of ego and personal pride, particularly at the executive level in a public company. The pressure may not be obvious but it's always there, it's always intense and a good salary isn't enough when you expect more from yourself.
    9 Jun 2013, 08:19 AM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    As most can tell, my attitude towards Axion, and particularly Tom Granville has become much more negative in the past six months. However, while I'm concerned about the issues regarding management being retained and their bonuses, I'm not particularly concerned about them hanging on to continue to collect their cushy salaries.

     

    I didn't talk about it last summer because I'd never seen Tom Granville before and couldn't tell what was chronic and what was degenerative. However, at the shareholder meeting, he came across to me as a tired old man with health problems who was pouring his soul into the company. My issue with him is that his skill-set doesn't match the needs of the company, not that he isn't trying hard enough.
    9 Jun 2013, 08:49 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Thanks for the candid remarks, apm. I've never met Granville, but your description is exactly what I have been thinking, in all regards.

     

    Also very nice to finally see some more "the whole truth" posts appearing here. Everyone knows the unspoken game. Only longs have an economic reason to be here (because at least until recently, no one was short), and it is that biased economic state that produces biased commentary. A lot of helpful investigation, knowledge and thinking has been posted, but obviously lacking on the negative side.

     

    Until now. It logically follows that this is because long positions have been trimmed in some cases, or sold entirely. Not too many people would voluntarily shoot themselves in the foot, after all.
    9 Jun 2013, 11:19 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    AP,

     

    As far as I am aware, TG has worked very hard to get Axion past numerous hurdles to where it is now. The guy has been litigating/negotiating his way for probably at least the past 15 years of his life, so yes he may look a bit tired and worn down. However, I don't think this is one way of judging the management. I guess only time will tell us whether we get sales going to major OEM and other companies, but for the time being nothing major has changed in the Axion story and all we can do is keep going/waiting for a major contract to land. It's hard, soul trying, difficult to contain at times especially when you see major indices hitting high after high, but maybe the wait is worth it!
    9 Jun 2013, 11:33 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1499) | Send Message
     
    At this point, it's up to the battery and the pricing. We have a number of big entities testing it. However, they need to be about 2 years quicker in making a decision.
    9 Jun 2013, 12:52 PM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    I haven't trimmed my personal position by a single share even though I've recommended to others, who follow my advice, that they stop adding and in some cases trim. To me, it's very important to be ethical and this board will work best if we're honest about sharing information. To me, talking my book is unethical. So yes, I guess you could call that voluntarily shooting myself in the foot. You have to assume everyone is talking their book, but noone should consider that justification for doing it as well.

     

    I still believe in Axion the company, and the technology, despite my concerns about management and its approach. My expectation of the stock's upside and the chance of achieving that upside have been massively trimmed in the last six months. I still believe that the company will eventually be worth billions of dollars, but I think the odds of us Axionistas seeing a positive return are now under 50/50 and even if we do, the odds are much, much higher that the company will be sold for far less than us Axionistas think it is worth. Even in the unlikely event the company makes it through that gantlet, shares outstanding will be so large that our per share upside will be significantly reduced.
    9 Jun 2013, 06:31 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    I have grave reservations about Axion's ability to effectively communicate with its stockholder base, but I don't believe for a second that things are as grim as you paint them. My chances for a ten-bagger are looking kinda grim, but yours are alive and well.

     

    Small companies struggle through three basic tiers of market capitalization.

     

    * The first tier in the $25 to $75 million range is reserved for R&D companies in the valley of death that haven't yet demonstrated revenue generating capacity. Think ZBB and Axion.

     

    * The second tier in the $250 to $500 million range is reserved for early commercialization companies that are growing revenues nicely but are not yet reporting positive earnings. Think Maxwell which has been beaten down to a $219 million market cap with $75 million in tangible equity and $157 million in revenue. Back in their day, A123, Ener1 and Valence were all comfortably in this class.

     

    * The third tier in the billion dollar plus range is reserved for companies that have proven their revenue and earnings growth capacity to the market. Think JCI and Exide.

     

    Companies do not progress to the third tier without passing through a hype cycle tier where expectations get ahead of reality.
    9 Jun 2013, 07:12 PM Reply Like
  • BugEYE
    , contributor
    Comments (191) | Send Message
     
    apmarshall
    "I still believe that the company will eventually be worth billions of dollars, but I think the odds of us Axionistas seeing a positive return are now under 50/50 and even if we do, the odds are much, much higher that the company will be sold for far less than us Axionistas think it is worth. Even in the unlikely event the company makes it through that gantlet, shares outstanding will be so large that our per share upside will be significantly reduced."

     

    I think the real problem of axpw is its market cap. With a market cap of less than 30million and 8-10 million annually to stay afloat, it is impossible to do any financing right.
    But if management could fix this problem, let's assume axpw has a market cap of 60 - 80 million, or axpw could reduce capital needs to 3-4 million range, then a decent financing would be much more acceptable to the current shareholders and the street. And if PIPE financing is only about 3 million a year to several seperated investors, will we fear the uncertainty anymore as we have experienced much more trying moments during last 3 years?
    9 Jun 2013, 09:24 PM Reply Like
  • bazooooka
    , contributor
    Comments (2323) | Send Message
     
    APM,

     

    "Tired" and "old" sound a bit harsh but I have heard the words "dry" and "without charisma". That isn't a death knell necessarily but normally the under promise and over deliver have to be there to make up for those who talk softly.
    9 Jun 2013, 10:38 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Metro> Not trying to be disagreeable but I heard "At this point, it's up to the battery" in 2009 with the $26M financing. As far as I'm concerned it is almost a secret battery. A riddle, wrapped in an NDA, inside an enigma.
    9 Jun 2013, 10:39 PM Reply Like
  • greentongue
    , contributor
    Comments (732) | Send Message
     
    So, if this latest financing does have the worst possible outcome, who wins and who ends up owning the IP? (obviously us current stock holders lose big)

     

    I assume that bankruptcy would allow the survivors to start with a solid product and contracts with the currently pending major clients?
    9 Jun 2013, 08:58 AM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    Bankruptcy is not even a remote risk in Axion's case because the recent debt financing is an equity equivalent. The covenants are almost impossible to breach and the entire principal will be converted within a year.

     

    The only relevant risk is that an objectively large number of shares will be issued to liquidate the debt. That could impair the upside potential for current stockholders, but it cannot give rise to a total loss.

     

    Bankruptcy gets forced by investors who advance cash and expect to be paid back in cash. It does not happen when investors advance cash and expect to be paid in stock.
    9 Jun 2013, 09:11 AM Reply Like
  • bazooooka
    , contributor
    Comments (2323) | Send Message
     
    JP,

     

    If any of us end up being down 75% to 90% it will feel like a BK. I hope we never breach 20 cents =(
    9 Jun 2013, 10:42 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >bazooooka ... Without something miraculous happening on the revenues front or someone taking an interest in the device potential the trend will remain the same.
    9 Jun 2013, 10:54 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2382) | Send Message
     
    For those of you interested in inverters ...

     

    Princeton Power had a blog posting of upcoming events:
    http://bit.ly/16Ur7Tt

     

    One of the more interesting links to me is:

     

    NYC RESILIENT INVERTER WORKSHOP

     

    June 5th 2013

     

    http://bit.ly/11sLf6V

     

    There are links on the page wherever the word "pdf" appears below:

     

    Sustainable CUNY Overview <pdf>

     

    ENPHASE <pdf>

     

    FRONIUS

     

    IDEAL POWER <pdf>

     

    OUTBACK <pdf>

     

    PRINCETON POWER <pdf>

     

    SMA <pdf>

     

    BTW, I've run across Ideal Power, a Texas startup spun out of Texas A&M a bit lately.
    http://bit.ly/M0S1fI

     

    Converter or Inverter ... not clear if there's real and importanct difference in how the terms are used.

     

    From their history:

     

    February 2013 - Ideal Power Converters achieves a key certification for its 30kW Battery Converter. The IBC-30kW-480 is certified for UL1741 conformance.

     

    May 2012 - IPC announces that its lightweight 30kW PV inverter, IPV-30kW-480, conforms to UL1741 and is included on the California Energy Commission (CEC) list of approved PV inverter products.

     

    2010: IPC licenses its technology to Lockheed Martin. Lockheed Martin Intelligent Microgrid Solutions wins initial contracts from US Army Hybrid Intelligent Power program . IPC receives development contracts from Lockheed Martin for key power converter components.

     

    As mentioned, they've partnered with Lockheed Martin:
    (from 2010):

     

    http://bit.ly/11sLf6X

     

    Lockheed was involved in the Fort Bliss Microgrid project which was just commissioned:

     

    http://bit.ly/16Ur9uy

     

    Although it gets a little confusing as the Princeton Power presentation mentions Fort Bliss as well! Probably a big base with a number of different opportunities.

     

    Who had completed UL certification as which time for which capacity may have also played a role ...
    9 Jun 2013, 11:48 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Converter vs Inverter as it applies to the electronics industry.

     

    http://bit.ly/17A4tzc
    9 Jun 2013, 01:25 PM Reply Like
  • Ranma
    , contributor
    Comments (1401) | Send Message
     
    Aren't we creating our own misery by engaging in discussion of negatives and (probably) selling our shares.

     

    Is there confirmation yet that it is the new investors dumping? Is there confirmation that they are dumping as a group, or is it just one bad apple?

     

    I'm willing to bet a large share of the sells the last few days were also Axionistas who sold as the price fell back to their recent buys. I know because the thought had crossed my mind too, but then I thought the risk/reward ratio is still very good. So TG is not the best communicator. So he's an old coot. That doesn't change the fact that things are finally coming to a head, and it would be a shame to bail now that the show is starting. That BMW news sealed the deal for me. There are many summer events, which means all this fear of dilution should be limited to the next couple months. Nothing a few tape paintings can't fix.
    9 Jun 2013, 12:07 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2382) | Send Message
     
    Fairly long article reviewing what's been happening with Viridity and SEPTA:

     

    http://bit.ly/11sNTKb

     

    "There's also a lot of untapped potential. Connecting the battery to help run trains reduced energy usage at the Letterly Substation by 10 percent. When SEPTA engineers found a way to increase the amount of energy they could capture in a given braking event from 700 volts to 735 volts, the energy savings jumped to nearly 20 percent.

     

    "Basically, every one of these trains is a little generator. So when you increase the output of these little generators, it means there's more power to be used by the other trains," Gillespie said.

     

    SEPTA is now running tests to see whether it's possible to capture 765 and even 790 volts of braking energy, which is expected to further increase the amount of energy available to send to other trains or store in the battery.

     

    ...

     

    Through its energy savings, SEPTA is able to pay back the battery provider Saft Groupe SA as well as ABB Group, which created the control system that links the trains, the battery and PJM all together. Viridity and SEPTA then share the profits from the wholesale energy market. Under this model, SEPTA expects to pay off the project in six years. The life expectancy of the battery is 10 years.

     

    ...

     

    Using money from its energy savings, SEPTA plans to put 10 wayside energy storage devices in place at its substations.

     

    ...

     

    SEPTA has already received a $1.44 million grant from the Federal Transit Administration to build its second project, priced at $1.8 million. The profits from the two projects combined should bring in close to $1 million per year, which can be reinvested into other projects. SEPTA also expects private firms will finance these projects once they see how cost-effective they are. "
    9 Jun 2013, 12:19 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Very interesting and candid discussion which I very much appreciate. I think if TG was more forthcoming, especially about "negatives", it would increase his credibility, and allay a lot of fears and concerns. Uncertainty is generally worse than knowing exactly what some of these negatives are.

     

    I also have some concerns about whether TG is up to the challenges that are now front and center. --- Regarding his health, I view the description of him at the shareholder's meeting as just a "snapshot", and not necessarily how he comes across every day. We just don't know whether his health is a significant factor or not.

     

    One thing I continue to appreciate is that JP knows him well, and has given us some good insights into his character. So despite some of his perceived shortcomings, I still view him as an ethical man, and that means a lot to me in these trying times. For now, instead of focusing on him as being tired, I will give him the benefit of the doubt, and consider him to be tenacious.

     

    I heard once that when they do approval polling for George Washington, he does far better when the economy is doing well than when it's struggling or in a recession. So, our first President, the father of our country, is still judged on what's happening currently in people's lives. --- What I continue to believe is that there's so much in the pipeline now, and many positives will likely start to emerge. And if that happens, TG's image could get a major refurbishing in the coming months.
    9 Jun 2013, 12:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    WiO: Excellent!

     

    HardToLove
    10 Jun 2013, 05:41 AM Reply Like
  • greentongue
    , contributor
    Comments (732) | Send Message
     
    "Uncertainty is generally worse than knowing exactly what some of these negatives are." - WayneinOregon

     

    When people say, "What's the worst that could happen...?" or "How bad can it get...?", it is good to actually know.
    9 Jun 2013, 02:53 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Greentongue: "... good to actually know".

     

    I agree wholeheartedly! What that gives us is the opportunity to examine rationally, based on something closer to fact than conjecture. Both the positive and negative considerations realated to the "facts" will be aired and considered by all.

     

    This would be a major improvement from having only conjecture-based scenarios to consider.

     

    The ability for folks to make decisions with greater confidence would be enhanced knowing that "facts" underlie both the discussions and decisions.

     

    MHO,
    HardToLove
    10 Jun 2013, 05:47 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    In your face SS.

     

    "Start it up and the 2.2-litre turbo diesel feels eager and powerful; you'd never guess it offers 67.3mpg – Prozac for your wallet. One neat technical development is the i-ELOOP, which gathers electricity from braking and stores it in a capacitor to power on-board systems. Another feature I liked is that the onboard computer calculates how much running time its stop-start system has saved you. Over a 350-mile weekend and 10 hours at the wheel, the engine was switched off for 2 hours and 7 minutes."

     

    http://bit.ly/11PdCv4
    9 Jun 2013, 04:04 PM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    Wow! 67.3 mpg. Even out of a diesel, that is impressive.

     

    http://bit.ly/11PeGPD

     

    "In order to develop a system which efficiently recaptures kinetic energy, generates electricity, quickly stores that electricity, Mazda has utilized variable voltage alternator and low-resistance, high-capacity electric double layer capacitor (EDLC).

     

    Conventional alternator charges at around 12 volts (V), however i-ELOOP's variable voltage alternator can vary its output voltage from 12 V to 25V in response to the voltage level of the capacitor and making it possible to continually supply electricity to the capacitor.

     

    Unlike a battery that works via chemical reaction, capacitors store energy as electricity and for this reason it can charge and discharge large amounts of electricity very quickly. It also exhibits very little deterioration of the electrodes even after prolonged use. Using capacitors as electricity storage devices in brake energy regeneration systems not only improves fuel economy, it is also expected to prolong the life span of the vehicles lead-acid battery. Furthermore, the capacitor used with i-ELOOP requires no heavy or precious metals, and its main component is activated charcoal making it very environmentally friendly."

     

    Sounds like they haven't fixed the weak link in this system yet. I would not expect this system to prolong the LA battery's life at all.
    9 Jun 2013, 04:13 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Milhouse, IIRC, the weakest link in capacitors is that they are expensive enough that only very limited energy storage makes economic sense, therefore hotel loads are met for only between a few and 20 seconds.
    9 Jun 2013, 06:58 PM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    Mr. I,
    I think in their system the caps are used for starting the engine only, and the battery is for hotel loads.
    My understanding is that a system which employs a standard lead acid battery for starts and a PbC for hotel loads will be much more reliable.
    Mazda's system looks to me like it will have the same problems that BMW's current system is having. The AGM battery not being able to handle the discharge/recharge requirements for hotel loads.
    9 Jun 2013, 07:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Milhouse: " I would not expect this system to prolong the LA battery's life at all".

     

    With the battery not having to handle high charge/discharge rates for extended periods, it should stay in a more desirable SOC range. This will add some life to it since the capacitors are carrying a lot of the on-board hotel loads, meaning the battery only has to carry the starting load, for the most part.

     

    I *think* ...

     

    HardToLove
    10 Jun 2013, 05:56 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Milhouse: From Iindelco's post (I've not read the two links yet) "which gathers electricity from braking and stores it in a capacitor to power on-board systems."

     

    HardToLove
    EDIT; Read your link - I think I agree with you on extending battery life. The text suggests hotel loads are really only handled during acceleration events, not s/s events.
    10 Jun 2013, 05:57 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    The best part of this is the variable output alternator, with such a large voltage range. Similar issue with the very wide voltage range of the PbC.
    10 Jun 2013, 06:56 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    could mazda be our "one of top five" asian automakers?
    10 Jun 2013, 07:27 AM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    IIRC, It was a top-5 global automaker based in Asia.
    10 Jun 2013, 07:45 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    Oh. Well drat then. How a slight word change can alter the meaning completely...
    10 Jun 2013, 07:58 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    http://bit.ly/ZDHXjO

     

    http://bit.ly/1bmbr7Y

     

    slightly OT, but still part of the landscape-- more road taxes/fees coming for EV & hybrid....will revoked HOV stickers be next? Bawahaaahaa!!! ...And, spiffy new natgas trucks from Ryder--look nice.... can't help but makes one think of microturbine/natgas/PbC serial hybrid possibilities.... way down the road of course, but if cng becomes a widely available fuel on trucking routes, some serious synergies could develop. To my thinking, Serial hybrid-PbC architecture is a benefit no matter what fuel-engine combination drives the generator.. but a cpstMT-cng combination (as we've seen in those busses) could really take OTR trucking up a notch as far as emissions and $ per mile go... again, "for the future", but PbC is a huge (even "key") enabler for Serial Hybrid Drive (as ePower will attest)...and SHD could become a much bigger thing itself (way beyond RR..).

     

    Man I'd sure like just one two-minute glimpse of status ten years from now...
    9 Jun 2013, 09:38 PM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    !!!!

     

    http://bit.ly/11BXscK

     

    EXIDE files Chapter 11 DIP

     

    Anyone have insight as to what this means for the common? total wipeout or is there value? I'm thinking a quick move tomorrow might be able to net something...
    10 Jun 2013, 02:08 AM Reply Like
  • Paolo Gorgo
    , contributor
    Comments (193) | Send Message
     
    at first sight worthless paper. Bond quotes:

     

    http://bit.ly/15PoH3J;MaturityMax=
    10 Jun 2013, 03:53 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    It funny they do not mention anything about the pollution suits in two states.

     

    3:45 AM Facing $31M in interest payments in August and the maturity of almost $52M in convertible debt a month later, Exide Technologies (XIDE) has filed for bankruptcy protection with liabilities of $1.14B and assets of over $1.89B. It's the lead-acid battery company's second filing in 11 years. Exide cited rising costs, Europe's slowdown and intense competition as reasons for its current problems. Exide has obtained a $500M bankruptcy loan from JPMorgan (http://bit.ly/HUd5zi). (PR) Comment!
    10 Jun 2013, 04:50 AM Reply Like
  • Paolo Gorgo
    , contributor
    Comments (193) | Send Message
     
    As a result of the Vernon shutdown,
    Exide had to source lead requirements from its remaining recycling facilities, open-market
    purchases of refined lead, and third-party lead recyclers to make up for the lost capacity
    increasing its costs. The Vernon shutdown will directly impact Exide’s bottom line by
    eliminating an estimated $24 million in projected EBITDA from its business plan for the sixmonth
    period following the shutdown. Approximately two weeks after the CDTSC order,
    Standard & Poor’s Ratings Service lowered its corporate credit rating of Exide to triple-C-plus,
    which further constrained Exide’s liquidity due to the tightened availability of trade credit.
    25. As a result of the Vernon shutdown and the Company’s poor financial
    performance in the fourth fiscal quarter of 2013, it became apparent that a successful out-ofcourt
    restructuring was unlikely.
    10 Jun 2013, 05:03 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    Couple of good articles:

     

    Ethanol & Oil lobbyist in war:
    http://reut.rs/18ZIEXH

     

    Global Carbon emissions rise:
    http://reut.rs/12eDGG9
    10 Jun 2013, 06:09 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    What's next for Exide then? I guess it is time to fire the management team and start over again...
    10 Jun 2013, 07:50 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    It's amazing how in just a few weeks the sentiment has changed here. It is actually a relief to me. Finally the tough questions are being put on the table and maybe will force some answers.

     

    Bang summed up the feelings of many of us who left when he said "I have heard it's up to the battery since '09".

     

    We have seen too many partnerships, tests etc. come with fanfare & euphoria only to never be heard of again. We endured 2 capital raises, many upbeat conf. calls and the 3rd raise with no news was just too much. It's not so much the terms of this raise but the next 100 M shares to be approved that limits upside IMO.

     

    I sincerely hope AXPW survives and thrives, because there are many good people here with tons of experience in many related fields or end users. You deserve a win.

     

    Sometimes negative sentiment can be a signal of the worst is near to be priced in, then maybe good news will put a floor in the stock price and further news can create sustainable gains. That's when new investors come in, Even if that price is lower than now it is better in the long run.
    10 Jun 2013, 08:14 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    LT,

     

    I don't see how it can get much worse than it currently is, really. BMW could decide to pull the plug on us, and we are left with nothing but promises of other partnerships.

     

    My suggestion is to get someone on board to "help" TG with his communication and handle investor relations. I think there is a limit to how secretive a publicly listed company in the very early stages of building its credibility can be, but these last few months I think Axion has breached that limit...to the downside!

     

    The goodwill we investors have been putting in the company is eroding fast with each passing day, and it is high time management does something about it
    10 Jun 2013, 08:21 AM Reply Like
  • 481086
    , contributor
    Comments (3297) | Send Message
     
    From Axion's perspective, they probably feel like they're firing on all cylinders now... just wrapped the financing, just back from a roadshow presentation, knee-deep working with BMW's designated partner, also working with their undisclosed trucking firm on SS, also working the big PC sale TG alluded to, neck deep as well in unanswered RFPs...heck, I bet they are almost like, "just be patient, what do you want us to do, sing and dance?"

     

    On the other hand, all we know is that *We* haven't seen any roast beast hit the dining room yet and that we're dang hungry... all we see right now is the share price decaying, with prospect for more, and no nuttin' as far as news. So the knives and forks are starting to pound on the table pretty loud. And I'm a doing it too.

     

    What would it take to salve the discontent? Well, obviously some big juicy announcement would do probably do it, but that's really out of Axion's hands...that's gonna happen when it happens, or not. So what *could* they do?

     

    1) release the recent presentation, or communicate why unable... failing both, at least update the investor presentation on the website to reflect 2013.
    2) Announce sked for the annual meeting.
    3) 'Splain what happened with Rosewater
    4) provide some update or encouraging words from ePower
    5) elaborate more on near term PC prospects
    6) discuss NDA policy, reasons for it, and possible changes in light of transition to commercial phase.
    7) elaborate if able on trucking SS work
    8) anything anything BMW or NSC

     

    I'm sure there are others, but even if they were to come forth on a couple of those items, it would help things. This *is* a time of stress--probably more for them than us, and I wouldn't want to see them mis-overallocate any resources just to satisfy our desires, but all the same, a bit more judicious handholding, at this critical juncture would probably benefit all.
    10 Jun 2013, 09:15 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    86,

     

    Tackling points 1, 3 and 6 would go a long way into restoring some confidence we have in their ability to transition into a commercial entity. Of course, a big fat juicy announcement from automotive will speak for itself :)
    10 Jun 2013, 09:31 AM Reply Like
  • LawBoost
    , contributor
    Comments (11) | Send Message
     
    Great suggestion! Is there any chance we could do something more coordinated? Maybe write a letter that a number of us would be willing to support listing our demands. Could this also be a way for us to get the name of AXPW into stories more often? For instance, showing activism and resolve in a way that large (or any) media outlet would be willing to write a story about this.
    10 Jun 2013, 10:00 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    The best way to communicate is for each shareholder to write letters to the board members, not just the CEO/Chairman. State your concerns and make suggestions. I can almost assure some level of response. Whining on an APC won't get anywhere. 2000 letters will.

     

    It is on the bottom of the written reports and also on the website how to contact them.
    10 Jun 2013, 10:30 AM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    FWIW I think trying to explain what happened with the Rosewater relationship would be no easier than trying to explain what happened in any other divorce.

     

    There are always two distinctly different viewpoints unless one of the partners was gay and decided to come out of the closet.

     

    In my experience public discussions do little to add clarity but can be incredibly divisive as fair minded observers try to understand both positions.
    10 Jun 2013, 10:37 AM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    JP

     

    Joe with Rosewater was once totally committed to Axion and the PbC but now appears to be completely divorced as you mentioned. I have a friend that has been married and divorced 5 times now, he just doesn't seem to learn from past experiences. My concern is this, could Axion do the same to the ePower relationship as they did with Rosewater?
    10 Jun 2013, 10:47 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    7:22 AM Another twist to the debate on electric vehicles: Sales of EVs has cut into the revenue collected by states on gas purchases and used to pay for highway and bridge maintenance. As a reaction, three states have enacted rules to add fees to green cars while five others are weighing legislation. But the larger question on the issue is if electric vehicles are actually to blame for the drop in gas tax revenue or if it's the better gas mileage across the automobile industry (GM, F, TM, NSANY.OB)? [Consumer] 2 Comments
    10 Jun 2013, 08:19 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    A more likely real threat to EV sales would be if States repealed their EV support legislation (long list, incl: subsides to EV manufacturers and consumers, tax credits and special tax exemptions, and of course the famous "right" to drive in HOV lanes).

     

    The question of generating "road use revenue" (which of course does not necessarily mean monies from the sale of fossil fuels) has been a hot topic in the automotive news for years. Ideas about mandatory gps tracking for all vehicles (with fees charged according to mileage driven within the state) are common and receiving serious study.

     

    One problem with this concept is what to do about visitors transiting or visiting the state? One enterprising concept I saw entailed erecting toll booths at major gateways into the state, and handing out gps trackers that would be collected when the visitor left the state, along with a bill.

     

    If all this sounds hopelessly awkward and full of potential government invasion of the individual's privacy, well...
    10 Jun 2013, 08:47 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Maybe the states should try to become more efficient and spend our money more wisely.
    10 Jun 2013, 08:54 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    I once encountered an individual who worked for the State of Alabama whose job title was essentially "government efficiency expert". The overlay of oxymorons was about a foot high.
    10 Jun 2013, 08:56 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    TB, Can't say anything to that. All I can do is :)
    10 Jun 2013, 09:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    http://nyti.ms/11aLOTb

     

    Exide files bankruptcy...

     

    It would appear that manufacturing lead acid batteries in the US has become a potential problem, and any company holding a license to make them may be perceived (right or wrong) to be in the same dumpster as Exide.

     

    Could it be that some of the share price slide by AXPW is linked back to the Exide debacle, and the long shadow it casts over lead acid production generally?
    10 Jun 2013, 10:34 AM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    With ENS down $0.14 and JCI up $0.21 it's hard to see how Exide's problems might be adversely impacting AXPW.
    10 Jun 2013, 10:42 AM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    Let's put it this way....anything to do with "lead / Pb" is not a sexy investment . The risk is high and well known .
    10 Jun 2013, 10:49 AM Reply Like
  • User550230
    , contributor
    Comments (30) | Send Message
     
    Email sent just now:

     

    "Good morning Rudy,

     

    I was wondering if anything was precluding Axion from posting or sharing its recent presentation at the Marcum Microcap conference?

     

    Does Marcum not allow the contents to be shared?

     

    It would be great for investor relations if we felt we were as up to date as the institutional guys. With companies like Axion, news is far enough in between that we are particularly sensitive to being left out of up to date presentations.

     

    Thanks"
    10 Jun 2013, 10:42 AM Reply Like
  • User550230
    , contributor
    Comments (30) | Send Message
     
    that was to:

     

    Allen & Caron, Inc.

     

    Rudy Barrio (Investors)

     

    r.barrio@allencaron.com
    10 Jun 2013, 10:42 AM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Another brick for the progression to the more electrified car.

     

    New automotive 3-phase variable speed inverter power module from Fairchild enables higher torque systems

     

    http://bit.ly/11aYvxa
    -
    And in the whodathunk it category.

     

    CMU study finds driving conditions have “substantial” impact on benefits of electrified vehicles; policy implications

     

    http://bit.ly/11aYucR
    10 Jun 2013, 12:30 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2382) | Send Message
     
    OT: your tax dollars at work

     

    Time to replace the batteries: EaglePicher to provide thermal lithium batteries for Air Force HARM anti-radiation missile

     

    June 9, 2013

     

    http://bit.ly/11aYMQP

     

    "The existing HARM AGM-88B missile batteries need to be replaced to extend the useful life of these missiles, Navy experts explain. HARM, which is designed to seek and destroy enemy radar installations, has been in service since 1983.

     

    ...

     

    The batteries must last in storage for at least 20 years, and provide at least five minutes of power for the HARM during flight."
    10 Jun 2013, 12:33 PM Reply Like
  • JohnM121
    , contributor
    Comments (357) | Send Message
     
    This is not the lithium battery we know and love (in our laptops and phones). There is an explosive device that mixes 2 sets of chemicals that react and generate a lot of power very quickly. Even if the battery burns through its case in 10 minutes, it's already exceeded the missile's flight time. Lithium is a good element to use: it's stable when contained for a long period, but can become highly energetic at will.
    10 Jun 2013, 01:50 PM Reply Like
  • User550230
    , contributor
    Comments (30) | Send Message
     
    "The information presented at the Marcum Conference was an abridged version of the information covered on AxionPower’s most recent earnings call.

     

    I’m in the process of receiving the ppt and will update the website as soon as I receive it."

     

    Best regards, Rudy Barrio
    10 Jun 2013, 01:05 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    What has taken them so long to request the information from Axion and update the website? A lot of amateurish behavior leaving investors in the dark...
    10 Jun 2013, 01:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Thank you User550230!

     

    HardToLove
    10 Jun 2013, 01:47 PM Reply Like
  • User550230
    , contributor
    Comments (30) | Send Message
     
    "FYI

     

    When presenting at investor conferences, nothing that’s not public is covered/discussed at such events. They’re more of an intro to the Company"

     

    Rudy
    10 Jun 2013, 02:32 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    I fear the pps will unfortunately go down to the teens. I had never envisioned this in my mind, and to see it happening is unbelievably frustrating...
    10 Jun 2013, 01:05 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    It could happen, but my own best guess is we're going to bounce off the low .20s. --- I just picked up another 4850 shares this morning at .215.
    10 Jun 2013, 01:10 PM Reply Like
  • D Lane
    , contributor
    Comments (1212) | Send Message
     
    From Greentech Media:
    "There's an enormous distinction in energy storage when it's deployed behind the meter at the enterprise (or residence) versus the wind-farm-sited or substation-sited big-battery storage model. Behind the meter, the battery is combined with software and the system allows control (transactive control, in some deregulated markets) of distributed energy assets and loads.

     

    Storage at the utility level is a different animal. No one disputes the potential of energy storage to change the nature and resiliency of the grid. But utilities remain baffled about how to extract value out of these batteries, hemmed in by dated regulatory structures and without adequate language or modeling tools to evaluate energy storage at this scale."
    http://bit.ly/114oIB6
    . . .
    "Dave Curry, the Chairman of Demand Energy, called energy storage "a trillion-dollar market." But he also called it "an industry that does not exist" in a company video. Still, it's this combination of distributed generation, energy storage, analytics and cost savings which has the potential, in FERC Chairman Jon Wellinghoff's words, to "unleash the information [and] unleash the power" of the grid."
    10 Jun 2013, 01:10 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    So are we seeing new shares being pumped into the market or Axionista capitulation?
    10 Jun 2013, 01:11 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Maybe a bit of both??!!!!
    10 Jun 2013, 01:20 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    MAXM certainly isn't showing any support. They dropped their off-mkt bid from 17 cents to a penny today.
    10 Jun 2013, 01:40 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    My best guess is Axionista capitulation.
    10 Jun 2013, 01:40 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Are you serious???? They recommend AXPW at 1p? LOL
    10 Jun 2013, 01:53 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    It's simply MAXM's bid price, not a recommendation as far as I know. Being so far off-mkt just means that their MM is not interested in getting involved in trading at the moment. My comment is for those who were wondering if Maxim would support the stk. A: So far, not thru their MM, anyway.
    10 Jun 2013, 01:59 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    WiO: Both I think. With the lowest 20-day VWAP (closing?) available to the financiers going forward, they have absolutely no reason to hold the shares at any price.

     

    HardToLove
    10 Jun 2013, 02:00 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Thanks HTL. --- If that's the case, how does that jive with TG's assertion that the financing was done with partners whose interests were aligned with Axion's? [Or something to that effect]
    10 Jun 2013, 02:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    WiO: Doggone if I know. I was so disgusted with the stuff, especially the second-source stuff that triggered my rant, I don't even remember anything about that "aligned with" stuff.

     

    Looking at those investors, can you see any of them that would have a "strategic" interest within their business model?

     

    I think their strategy is $->Axion, Axion shares->financiers, financier shares -> market driving price down, rinse and repeat next time at a lower price.

     

    HardToLove
    10 Jun 2013, 02:16 PM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    Maxim stated they are not supporting the stock price as part of their MM/Investment banker role.
    10 Jun 2013, 02:45 PM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    WIO, What else is TG going to say? That he is swimming with sharks because there was no other game in town and it is everybody for themselves. His primary goal is to keep the doors open and the lights on. This deal achieves that but by adding to already significant risk to existing shareholders.
    10 Jun 2013, 03:22 PM Reply Like
  • RyanfBell
    , contributor
    Comments (68) | Send Message
     
    I've been very passive about this stock and company for over a year now in regards to the down turn and will still remain patient but it is getting harder to see the future when we are almost under .20 cents for the first time.

     

    In the past five years has this company been burned by over hyping the events it is working on. Seems like they are learning not to say anything that will come back to bite them in the future, kinda like the 300% growth talk.
    10 Jun 2013, 01:33 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    TSLA over-hypes what it does, and no one questions its business model or its financial viability for a second, because its CEO has "charisma". A nano-cap in small town PA with a good product to market, but whose CEO is unfortunately old-style and tight lipped talks about programs it has been working on(300% growth blunder aside), and the market yawns!
    10 Jun 2013, 01:39 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    At least TSLA has sales.
    10 Jun 2013, 04:02 PM Reply Like
  • JRP3
    , contributor
    Comments (7609) | Send Message
     
    And a product that generates it's own press.
    10 Jun 2013, 10:56 PM Reply Like
  • greentongue
    , contributor
    Comments (732) | Send Message
     
    When you have a product with only a "future market" it is hard to sell. When you base growth on selling this product but few if anybody knows they "need" it, you will be disappointed. Especially when you have a crowded market of "close enough" products from known businesses. Include that these businesses with "close enough" products have "sexy models" (lithium) and you don't, it gets grim.

     

    While I believe the story of the PbC, I'm not betting my business on it. Like with stock analysts, if you follow the crowd and are wrong, you are not ostracized but, if you pick an outlier and are wrong ...
    10 Jun 2013, 01:53 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Greentongue,

     

    Picking outlier and going against the crowd while having a coherent, rational business model with minimum capital burn and reasonable prospects of monetizing it (revenue) is the epitome of a rational investment. I do still believe in PbC and in the fact that they will eventually get a sales contract soon, but again this is just a belief and no one can predict what would happen. At the same time, I think that Maxim Group recommendation for AXPW at 1p is a bit of an insult to this group...
    10 Jun 2013, 01:59 PM Reply Like
  • RyanfBell
    , contributor
    Comments (68) | Send Message
     
    Does it make sense then to look at ourselves ( meaning the market and shareholders) for how this stock as performed and not what the company has said or not said.

     

    What could axion have told us that we all ready don't know other then waiting for one of the big guys to actually say yes to the product. I'm new to all this but if i put in a sell order for .50 and someone thought hey this is a good company and I'm willing to pay this would the stock not push up to that price and hold until the next guy wanted only to buy or sell at .25 .

     

    Sorry for the noobie approach but sometimes being ignorant is bliss and probably why I'm not pulling my hair out over this stock.
    10 Jun 2013, 02:03 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Ryan,

     

    I think the performance of the stock has as much to do with poor timing of financing deals as it has with inflated expectations from us shareholders. What we thought was the current level of progress was in fact not much to be reported after all. Throw into the mix a failed business partnership (with Rosewater) and people start to panic and question everything management has told us so far.

     

    I still have faith that this product will see the light of day sometimes real soon, but to say that I have my confidence in the current state of affairs has not been shaken would be lying!
    10 Jun 2013, 02:09 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    Off Topic,

     

    Anyone watching KNDI today? I am happy to be holding shares in that company right now, it helps me to not look so hard at the AXPW share price today!
    I can't wait for the day that AXPW shares go up this way! ;-))
    10 Jun 2013, 02:50 PM Reply Like
  • Bylo-
    , contributor
    Comments (388) | Send Message
     
    Falling share price on expanding volume. Not a good thing.
    10 Jun 2013, 03:06 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Lead in to Barron's story.

     

    Tesla Motors shares face drain from pricey batteries

     

    http://bit.ly/13ShRtc

     

    Edit: Here's a better article on the topic.

     

    Barron's: Tesla Is A 'Lemon' Without A Cheaper Battery

     

    http://read.bi/11rlcMK
    10 Jun 2013, 03:32 PM Reply Like
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    Here's a link to the whole Barron's article (for non-subscribers)

     

    http://on.barrons.com/...
    10 Jun 2013, 03:57 PM Reply Like
  • JRP3
    , contributor
    Comments (7609) | Send Message
     
    So few seem to understand that Tesla is already paying less than anyone realizes, and why. They also somehow ignore the fact that the smaller lighter Gen3 sedan will get near 200 miles of range with a much smaller pack.
    10 Jun 2013, 11:09 PM Reply Like
  • iindelco
    , contributor
    Comments (8767) | Send Message
     
    Jrp3, We'll talk after reality sets in. I'll give it this year.

     

    BTW, Elon is a very very capable person. Obviously.

     

    But alas, He's living off government stupidity, short term easily distracted rich people and dated engineering.

     

    We'll watch together. I hope his aspiration for a "people's car" that's a pure EV becomes a reality in the next 10 years.
    11 Jun 2013, 12:48 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Interesting article on Japan's start/stop race:

     

    http://bit.ly/18oKJPY

     

    No mention of lead carbon, but Isn't Furukwa the Japanese maker of the Ultrabattery?
    10 Jun 2013, 03:43 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Stefan: Yes, Furakawa and per TB's comments, joined at the hip with the Japanese auto industry via government programs, *IIRC*.

     

    HardToLove
    10 Jun 2013, 03:44 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >Stefan Moroney ... Yes
    10 Jun 2013, 03:45 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Sounds like an Aussi tutorial video for a Nissan start/stop car, but at the houseofjapan.com ...

     

    http://bit.ly/11bkILK
    10 Jun 2013, 03:52 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    For those of you that want to hear a Bosch description of its S/S system in German:

     

    http://bit.ly/13SlT4G
    10 Jun 2013, 04:03 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Stefan, danke schon. Mein kopf hurten from Axion schtok pricen fallen into schwartz holen. was da fruckenzee?! konvertibullen scharken wasser speilen?
    10 Jun 2013, 04:18 PM Reply Like
  • jpau
    , contributor
    Comments (714) | Send Message
     
    Es gibt Sauerbraten in unser Lederhosen.
    10 Jun 2013, 07:32 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Ich sehe a gross PIPEn. Aber mit der schtoken schtinken, willen soonen be eine kleine pipsqueeken.
    10 Jun 2013, 07:42 PM Reply Like
  • Rick Collins
    , contributor
    Comments (30) | Send Message
     
    Jetzt wenn nur, wenn sie es in Englisch für den Rest von uns präsentieren würde!
    11 Jun 2013, 11:47 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Interesting to see Bosch swing back and forth between 8% and 15% fuel savings.

     

    "Bosch engineers are modifying the internationally successful Start-Stop system to include smart navigation functions. Here, the combination of networked technology and driving behaviour can bring about a fuel saving of as much as 15 percent."

     

    http://bit.ly/13SmfZa
    10 Jun 2013, 04:06 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Another interesting article discussing a Bosch hydraulic flywheel solution for start stop:

     

    http://bit.ly/11rnQ4Y
    10 Jun 2013, 04:09 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Interesting Johnson Controls video on the Varta battery - uploaded in 2010. Stating that they are selected in 80% of s/s applications. Mention both VWs and BMW's applications by name.

     

    http://bit.ly/sqSKyD
    10 Jun 2013, 04:18 PM Reply Like
  • billa_from_sf
    , contributor
    Comments (369) | Send Message
     
    I sold 60,000 shares of my shares of AXPW to offset some of the capital gains I've made on MNKD this year with a $10,000 loss. This also gave me a small amount of dry powder to plow into MNKD.

     

    I decided to do this because AXPW looks like it is going to be dead money until big news breaks, which could happen tomorrow but in all likelihood will not be happening any time time soon. I still have 40,000 shares for if and when it does.

     

    I also did it because I had too much money tied up in MNKD, which is rapidly approaching two crucial binary events, either of which could wipe me out on unfavorable results.

     

    So I sold and pulled my profit out of MNKD, offset some of those capital gains with a loss on AXPW, and bet the money I got out of AXPW on favorable Phase 3 results and FDA approval on MNKD.

     

    If MNKD goes down the tubes, I have pulled out my profit to here and all I will lose is money I was already losing on AXPW.

     

    And I still have a chance to make money on AXPW with the shares I have left if Axion manages to bring PbC successfully to market.

     

    I am only telling you guys about this because we have communicated quite a lot over the last year or so and I consider you all acquaintances with similar interests.

     

    From my own perspective I did what I thought maximized my own chances to make a profit with the money I had tied up in Axion.
    10 Jun 2013, 04:32 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    GL with MNKD. i bought 10k today. 4th Q RR sales is what i expect. next year, automotive sales would be ahead of scheduled for me. share dilution sucks.
    10 Jun 2013, 04:40 PM Reply Like
  • bazooooka
    , contributor
    Comments (2323) | Send Message
     
    No doubt there is capitulation going on in Axion. I may have to average down again soon. Good luck with MNKD.
    10 Jun 2013, 04:54 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >bazooooka ... I don't think this is capitulation in Axion. It doesn't feel that way to me.
    10 Jun 2013, 05:14 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Good job Billa! Taking care of # 1 *has* to be the goal.

     

    HardToLove
    10 Jun 2013, 05:17 PM Reply Like
  • billa_from_sf
    , contributor
    Comments (369) | Send Message
     
    Thanks to all for your good wishes.

     

    And remember: I am still holding 40,000 shares of AXPW!

     

    Someone is buying the cheap shares that are coming loose right now. It isn't like Axion is going to fall off the face of the Earth. I do think it's going to take some time to pay off, however, and holders getting in at these levels are undoubtedly thinking long term.
    10 Jun 2013, 05:25 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Doesn't feel like capitulation to me, either. Not even close. Just already high volume going higher, with a close around the low. The discount PIPE shares are a huge overhanging cloud that's gonna be around for long time, and get worse the lower we go. Nature of the crummy deal that was struck.

     

    That being said, I don't see the price continuing to go straight down forever. From time to time, the PIPErs and others will drive the price up, as they know there are still a lot of believers who will chase it, then dump at the higher prices, which will drive the price to a new low. Rinse and repeat.

     

    This downward cycle will keep happening until there is huge news that sticks, and keeps the price above the low 30's. And the only huge sticky news I see coming is the BMW one, IF there is enough detail to show that there's big money involved and it's not a year 3000 event. If not, even THAT will get faded.

     

    Oh, one other downward-spiral-stopper: if the price gets low enough, the strategic investor we were all hoping for might actually finally appear. The PbC still has some value, just maybe to someone else. It's anyone's guess where that might occur. $10mil mkt cap, perhaps.
    10 Jun 2013, 06:09 PM Reply Like
  • bazooooka
    , contributor
    Comments (2323) | Send Message
     
    Volume seems quite high; as well as negative sentiment. How long this lasts I have no idea.
    10 Jun 2013, 06:35 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    "So are we seeing new shares being pumped into the market or Axionista capitulation?"

     

    All the financial websites are still showing Axion with 113M shares outstanding, so it doesn't seem new shares are being pumped/dumped into the market. Which leaves us with current shareholders, including Axionistas, doing the selling. Not sure if that's capitulation or not, but it seems like it to me.
    10 Jun 2013, 06:38 PM Reply Like
  • LT
    , contributor
    Comments (4605) | Send Message
     
    Mr. I, that last paragraph is an axionista's worst nightmare. AXPW getting bought down here cheap.
    You can see why I hated to see A123 go so cheap. They had sales and revenue.
    Now Exide going for pennies in bankruptcy, with $3 billion revenue+

     

    Batteries are not a space investors care about.

     

    Lastly, East Penn's Ultrabattery working for 100,000 miles in the Honda....second best is also a threat. I don't think auto cares about any more service than that.
    10 Jun 2013, 06:44 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    Bazooooka: I'm operating on the thought that it will repeatedly cycle as each new tranche of shares inters the hands of the financiers. Thinking that this tranche is ~3MM shares, I expect downward pressure to stop at somewhere between total volume from 6/5 forward of ~3MM - ~6MM traded, depending on how many "double-count" trades get done.

     

    My EOD comments below mention the volume to-date.

     

    HardToLove
    10 Jun 2013, 06:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17254) | Send Message
     
    I suspect those new shares won't register immediately.

     

    HardToLove
    10 Jun 2013, 06:51 PM Reply Like
  • John Petersen
    , contributor
    Comments (29446) | Send Message
     
    A123 was taken down by a $60 million manufacturing mistake that would have taken any development stage company to the brink.

     

    It's becoming increasingly clear that Exide consistently lost money on batteries but made it up on their recycling operations until they ran into regulatory problems with that segment of their business.

     

    The Ultrabattery might be a threat if Axion was trying to compete in the same markets. It's not, so the UB results in a Honda HEV retrofit are irrelevant.
    10 Jun 2013, 06:53 PM Reply Like