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  • Steve Bay
    , contributor
    Comments (38) | Send Message
     
    win
    11 Jul 2013, 02:09 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Darn Steve, You're fast!
    11 Jul 2013, 02:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    If you-know-who claims "Miss Congenialty" again, I might have to call him on that inappropriate moniker! ;-))

     

    HardToLove
    11 Jul 2013, 02:26 PM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    If the slipper fits ....
    11 Jul 2013, 03:33 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    For those with watch lists remember this release.

     

    BTW, The last statement pasted...Priceless. lol

     

    "The battery technology designed by Penn State and Norfolk Southern will provide useful benchmarks for evaluating future, alternative battery technologies in both switcher and line-of-road operations for energy savings and emissions reduction.

     

    Work is to take place in Altoona, University Park, New Castle and Roanoke, Va. between now and December 2013.

     

    According to Axion’s June news release, Norfolk Southern bought $400,000 of its PbC battery technology as part of a $475,000 total order that will be used in commissioning the hybrid locomotive.

     

    Norfolk Southern’s next sustainable locomotive project will be a road unit, which the railroad company is considering equipping with PbC batteries — twice the number of those in the switcher, the release said.

     

    Attempts to reach Thomas Granville, Axion’s chief executive officer, for comment yesterday were unsuccessful."

     

    http://bit.ly/Rdk1NC
    11 Jul 2013, 02:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Iindelco: So since Oct 3 2012, he has been consistent.

     

    HardToLove
    11 Jul 2013, 02:53 PM Reply Like
  • greentongue
    , contributor
    Comments (880) | Send Message
     
    "Attempts to reach Thomas Granville, Axion’s chief executive officer, for comment yesterday were unsuccessful"
    11 Jul 2013, 03:02 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    HTL, Maybe he's been missing the whole time? lol
    11 Jul 2013, 03:44 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    So, THAT's where Axion got their PbC battery tech - from "The battery technology designed by Penn State and Norfolk Southern..."

     

    Riiiiight.

     

    Of course, if you don't talk to the media, no telling what they might get wrong.
    11 Jul 2013, 02:58 PM Reply Like
  • DRich
    , contributor
    Comments (4673) | Send Message
     
    >tripleblack ... There are still a lot of people that don't like Russian-anything. There also seems to be a growing hysteria about Canadian-anything, healthcare system, functioning banks, near full employment, trains. That is when people have the time to remember Canada is still there. It plenty scary out there.

     

    It's just safer to let them think it was developed in the good ole USA. Of course that leads people to wonder when it will be moved to China or Bangladesh and become successful.
    11 Jul 2013, 03:09 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2214) | Send Message
     
    "Of course that leads people to wonder when it will be moved to China or Bangladesh and become successful."

     

    Low blow, DRich, low blow! Axion makes money; just not more then they spend :<(

     

    I'd buy some more, if I didn't already have too much :-)
    11 Jul 2013, 03:49 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1171) | Send Message
     
    @siliconhillbilly: yeah but nut shots are funny sometimes.
    11 Jul 2013, 04:23 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    OT:

     

    TSLA is trading at new all-time highs yet AGAIN. Boy, aggressive longs have made a ton of money there. I'm jealous, but must give a big congrats to them.
    11 Jul 2013, 03:46 PM Reply Like
  • rhyse12
    , contributor
    Comments (187) | Send Message
     
    Yep. However that story ends, it is an interesting stock to follow. Some folks who post there are clear disciples of St Musk, and a few seem to think when you go from $40 to $120 in a few months, you sell the bulk of your position. Just reading the postings offers a great view in various investor mind sets.
    Great to read folks losing their minds when you praise the product, and critic the stock price.
    11 Jul 2013, 04:41 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    rhyse12, my 'big fish that got away' story for the 1st half of this year is selling my TSLA calls too early. The very day before the last earnings call. Missed a quick 12-bagger. Doh!

     

    At least my OHRP did really well. Made 60% in only a couple months. BTW, I sold it all a couple weeks ago for about $8, as I'm thinking it's dead money for about 9 months.
    11 Jul 2013, 06:50 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    DRich, Not even the Russian warheads that have been running a significant portion of our nukes for the last few decades {Megatons to Megawatts}? Makes you realize just how much energy is released by the worst use of nuclear technology. Ugh.
    11 Jul 2013, 03:50 PM Reply Like
  • dlmca
    , contributor
    Comments (359) | Send Message
     
    I gather we lost the DOE

     

    Surprised AXPW not down to $0.10 if so

     

    Guessing annual meeting September. TG not anxious to face the music until he has some kind of good news. Is that the leadership we want?

     

    Hope later part of September as I would like to attend and I have family commitments around the Shellfish Festival on Prince Edward Island September 13-16. Oysters, clams. lobster, cooked by renown Chefs anyone?
    11 Jul 2013, 05:14 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Dlmca: "Is that the leadership we want?".

     

    Well, in fairness, we criticize him for not doing much to help manage investor sentiment and support share price, so we have to give him a pass on this unless we are to be hypocritical.

     

    MHO is if that's what he needs to do to help us out, great. If he's doing just to save himself some aggravation, not so great.

     

    Do keep in mind we've got another quarterly report coming - maybe August? He needs to have something on the plate for that too. So if he thinks he's got something for then, the natural follow-up would be a jubilant AGM in September.

     

    HardToLove
    11 Jul 2013, 05:31 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Many managers believe in focusing on the business and not managing the stock price. They believe that is out of their hands, and will take care of itself. An old conservative guard like TG may be one of those. As long as he isn't BS about the "bounce" in his steps, I will give him a pass on this. If there really is a BMW agreement in the works, then there is nothing to do but hold tight. We are diluted a bit more, but will still be winners in the end.

     

    It is entirely probably an old guard like TG may have taken Maxim's promises at face value, and thought these PIPE investors would simply cheer along with them. Certainly their short selling behavior is not common knowledge. If TG had never traded his own accounts before, he wouldn't know this. It was a mistake, but it is done and over with. Let's see what surprises there are in September.
    11 Jul 2013, 07:31 PM Reply Like
  • Valleywood
    , contributor
    Comments (723) | Send Message
     
    Ranma, I'm firmly in your camp. I understand the angst, but TG is who he is and I have every reason to believe we're cookin' along just fine.
    12 Jul 2013, 07:57 AM Reply Like
  • ARGE
    , contributor
    Comments (722) | Send Message
     
    Ranma, or he expected it but knew there was a big deal going to happen and was playing the short squeeze game on them! Please.
    12 Jul 2013, 03:16 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    That's definitely the scenario I hope for. It's entirely probably the new financiers also know this is their only window to collect shares cheaply.
    12 Jul 2013, 03:26 PM Reply Like
  • SMaturin
    , contributor
    Comments (2302) | Send Message
     
    For some of us Axionista bottom feeders, it is also potentially *our* only window to collect more shares cheaply.

     

    Come on, folks! If you believe in the potential of the PbC, nothing has changed in the long-term story and these are firesale prices.

     

    It has always been a high-risk investment with potential for very high reward. Lower prices as we await news, regardless of what is causing the price to be lower, improves that risk:reward ratio.

     

    Instead of venting, today I am buying. Another 25K.
    12 Jul 2013, 03:34 PM Reply Like
  • Valleywood
    , contributor
    Comments (723) | Send Message
     
    Today you're buying ....... and another 25K at that?

     

    Then you call yourself a "bottom feeder" ??

     

    From where I sit, you're one of those shiny silver-sided sleek looking blue water swimmers I always admire . :>)
    13 Jul 2013, 08:52 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    07/11/2013: EOD stuff partially copied from instablog (up in ~1 hour).
    # Trds: 116, MinTrSz: 100, MaxTrSz: 35000, Vol 592400, AvTrSz: 5107
    Min. Pr: 0.1400, Max Pr: 0.1540, VW Avg. Tr. Pr: 0.1487
    # Buys, Shares: 24 110950, VW Avg Buy Pr: 0.1508
    # Sells, Shares: 92 481450, VW Avg Sell Pr: 0.1483
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:4.34 (18.7% “buys”), DlyShts 54050 (9.12%), Dly Sht % of 'sells' 11.23%

     

    Week end & this week's daily estimated values (older dailys in prior EOD posts) for next share issue:
    06/14: 85% x avg. of 20 lowest intra-day VWAPs, $0.2315, in 40 days: $0.1968 Wk cls VWAP $0.2122
    06/21: 85% x avg. of 20 lowest intra-day VWAPs, $0.2176, in 40 days: $0.1850 Wk cls VWAP $0.1751
    06/28: 85% x avg. of 20 lowest intra-day VWAPs, $0.1956, in 40 days: $0.1663 Wk cls VWAP $0.1474
    07/05: 85% x avg. of 20 lowest intra-day VWAPs, $0.1805, in 40 days: $0.1534 Wk cls VWAP $0.1518
    07/08: 85% x avg. of 20 lowest intra-day VWAPs, $0.1768, in 40 days: $0.1503
    07/09: 85% x avg. of 20 lowest intra-day VWAPs, $0.1739, in 40 days: $0.1478
    07/10: 85% x avg. of 20 lowest intra-day VWAPs, $0.1710, in 40 days: $0.1454
    07/11: 85% x avg. of 20 lowest intra-day VWAPs, $0.1685, in 40 days: $0.1432

     

    Vol, in K (for above wks/days): 4,356, 1,934, 3910, 1,217, 784, 350, 369, 592.

     

    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: -56.2%, 1.8%, -6.9%, -12.7%, -4.8%, -4.6%
    5-day change: -225.1%, -3.5%, 6.6%, -456.4%, -469.9%,-57.9%
    5-day rate of change change: -233.3%, -19.8%, -25.5%, -279.9%, -53.6%, -57.1%

     

    On my newer inflection point calculations, for those same periods:
    1-day change: -72.9%, -16.3%, -19.6%, -39.6%, -21.1%, -41.3%
    5-day change: -662.8%, -3.6%, 13.4%, -25.8%, -12.1%, -6.6%
    5-day rate of change change: -66.3%, -66.4%, 1.7%, -7.1%, -2.9%, 0.1%

     

    Sort of similar to yesterday – ARCA in before noon, briefly, then again heavy late in the day driving price lower, assuring we get our late-day weakness. The other usual suspects tried to hold up in the interstitial, but it was for naught. ATDF, NITE, CDEL near the top of the ask most of the day and and likely account for the daily short sales being low, just like we used to see.

     

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

     

    HardToLove
    11 Jul 2013, 06:02 PM Reply Like
  • dlmca
    , contributor
    Comments (359) | Send Message
     
    HTL

     

    Let us all be jubilant before too long

     

    Could be tomorrow - but September, 2013 or even January 2014 would be fine by me

     

    11 Jul 2013, 06:12 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2144) | Send Message
     
    Hi All,
    Article and chart of improvement of battery density from1990 till now. Also compares computer improvement during same time period.
    http://read.bi/12q9M0I
    11 Jul 2013, 08:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    It's a classic and absolutely true. Unfortunately nobody wants to believe the truth, so the opt for Disney thinking intend – Wishing Will Make It Happen If You Only Believe Fervently Enough.
    11 Jul 2013, 08:31 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1171) | Send Message
     
    people don't know how things work and they make sense of nonsense. wisdom is the the guy with his mouth sown shut.
    11 Jul 2013, 10:34 PM Reply Like
  • growsmart
    , contributor
    Comments (172) | Send Message
     
    Sown. Is that the result of throwing seed in an open mouth?
    12 Jul 2013, 07:00 AM Reply Like
  • Valleywood
    , contributor
    Comments (723) | Send Message
     
    if you wish upon a star . . . . . . . .

     

    JP, you ol' cynic you !
    12 Jul 2013, 07:58 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Stilldazed, to your point.

     

    Battery technology has hit a wall according to Qualcomm boss

     

    http://bit.ly/11IAvr1
    12 Jul 2013, 09:27 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Just looking around to see if Corvus has had any issues.

     

    Get your BMS right. If they only had better cell balancing in a string.

     

    Battery-related fire damages famed hybrid tug, puts it out of service
    Nov 8, 2012 10:01 AM

     

    "The fire was caused by the failure in a series element in one of the 10 Corvus lithium polymer batteries, according to Merritt. After inspecting the other nine batteries, Foss found that the failure was triggered by a series of overcharging events over two months.

     

    The battery monitoring system pack controller monitors the voltage of the individual series elements and reports the state of charge based on the lowest series element voltage, Merritt said. Sensors are embedded in each battery to monitor temperature. If there is excess voltage or temperature, the pack controller is designed to open its contactors to protect the battery from additional charge or discharge.

     

    In this fire, a software error in the pack controller prevented this safety measure from operating, according to Merritt. The glitch led to a series of overcharge cycles, causing the lithium ion polymer cells in the battery to fail. Once the fire started, failure of the vent ducting in the battery compartment allowed hot gases to get into the port aft engine room."

     

    http://bit.ly/11LCMiu
    11 Jul 2013, 08:33 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    More and more news about naked shorts and manipulative trading lately. AXPW could very well have been lowered by "sellers" trading amongst there own accounts. This also suggests there are those who want to accumulate it, which explains why there are a band of trolls following this stock.

     

    "Finra said clients also engaged in multiple "wash trades," in which a firm acts as buyer and seller in the same trade to distort market activity. The practice can create the illusion of heavy trading volume that lures firms that are tracking for such activity. Between October 2008 and September 2009, three Newedge customers executed wash trades involving more than 70,000 shares of stock on an NYSE exchange, according to Newedge's settlement offer with NYSE, which was reviewed by the Journal.
    Newedge also allowed some customers to evade rules around short-selling, in which traders borrow shares and sell them with the intent to buy the stock back at a lower price, profiting from the decline, according to the documents reviewed by the Journal.
    For instance, Newedge allowed some clients to operate through "by-pass" accounts, which enabled skirting of rules requiring firms to locate stock—or provide assurances that they could borrow the stock—before entering a short sale. Newedge allowed the firms to short the stock without confirming that they had actually located it, "essentially relying on an 'honor system,'" according to Finra's letter reviewed by the Journal. "

     

    http://yhoo.it/10POokk;_ylt=A2KJjanvTt9R0EYA...
    11 Jul 2013, 08:35 PM Reply Like
  • greentongue
    , contributor
    Comments (880) | Send Message
     
    A potential Axion customer.
    "Berg turns camps into comfy quarters for military, others"
    http://bit.ly/18abHHL
    The ability to charge and discharge quickly without exploding should be very useful to them.
    11 Jul 2013, 08:50 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Spring 2013. Haven't seen anything on it.

     

    Corvus Energy's batteries featured in North America's innovative hybrid locomotive

     

    "The testing phase for performance and emissions will be carried out in early 2013. When complete, the environmentally-friendly locomotive will operate in the state of Texas where it will be used to move rail yard rolling stock by Railserve, Inc. A Marmon Group/Berkshire Hathaway Company. It is expected that the locomotive will be ready for the market place by spring 2013."

     

    http://bit.ly/11erYtJ
    11 Jul 2013, 09:07 PM Reply Like
  • greentongue
    , contributor
    Comments (880) | Send Message
     
    "There aren't any successful hybrid locomotives in North America and perhaps the world," said AMPS president Dan Frederick. - http://bit.ly/11erYtJ

     

    We hope to see that change at Altoona.

     

    "Work is to take place in Altoona, University Park, New Castle and Roanoke, Va. between now and December 2013." - http://bit.ly/Rdk1NC

     

    December 2013 is fast approaching.
    12 Jul 2013, 08:14 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Sorry if someone posted this already.

     

    President Obama Nominates Ret. Admiral McGinn To Lead Navy Energy Efforts

     

    http://bit.ly/156F23p
    11 Jul 2013, 09:41 PM Reply Like
  • D Lane
    , contributor
    Comments (1375) | Send Message
     
    iindelco, thanks for your efforts and todays links
    11 Jul 2013, 09:45 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    D Lane, I was trying to look at the chronology of the Texas Locomotive prototype and Corvus because of the NSC contract given to "finish" testing Corvus's lithium ion offering. Also, when I saw the tug boat thermal incident I thought their might be a possibility that this influenced the government decision to finish the testing of the Corvus package given it was selected for the Texas hybrid locomotive. We discussed this in the past that it would be good for the government to have at least two options for hybrid locomotives anyway. Plus as JP has pointed out the single frame hybrid locomotive might not have the packaging area for PBS given the engine and all the support equipment.

     

    Anyway:

     

    -Aug 23, 2012 Corvus wins AMPS contract to support their hybrid locomotive.

     

    http://bit.ly/14Niztk

     

    - Nov. 8, 2012 battery fire on tug

     

    http://bit.ly/11LCMiu

     

    - Jun 10, 2013 NSC contract to finish Corvus battery testing

     

    http://1.usa.gov/14Niztm

     

    To me this all makes sense. Dual sourcing and nailing down the testing on the Corvus product in a locomotive string. I'm obviously building a wall out of sand but at least from the outside looking in with little facts it makes sense! Especially in light of the Texas contract and the tug failure.

     

    Also, if you look at Corvus's site they indicate all the safety electronics are part of the discrete package. So you gotta' confirm the application for such a large potential market.

     

    EDIT BTW, After this is all complete and if they have two options that work and yield significant savings/emissions reduction the government is going to say, "NO Excuses" show me your implementation plan.
    12 Jul 2013, 07:41 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    FWIW, Corvus' former VP Americas Matt Koenig recently jumped ship to Princeton Power.
    12 Jul 2013, 07:52 AM Reply Like
  • Valleywood
    , contributor
    Comments (723) | Send Message
     
    from the story above he actually may have in this case anyway, jumped tug.
    12 Jul 2013, 08:16 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Thanks John, Good to know.
    12 Jul 2013, 08:41 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    NSC receives up to $250K on this grant.

     

    Posted Date: Jun 10, 2013
    Creation Date: Jun 10, 2013
    Original Closing Date for Applications: Jun 28, 2013 No Explanation
    Current Closing Date for Applications: Jun 28, 2013 No Explanation

     

    Fast for the government!

     

    Only NSC was eligible to apply for the grant.

     

    NSC is good at getting these things ... though maybe their PSU contacts come in handy in making them aware of the possibilities of them. Wonder if someone got a bonus ... or kept a job at NSC ... they do have the expertise and I'm guessing staff and/or equipment sitting idle (or not overloaded) that make them an ideal choice for a timely response to the Request, and possibly producing results quickly as well.

     

    Some would say win-win, others would say that NSC makes lots of money so why do they have to be paid to do something in their best interest?
    12 Jul 2013, 02:35 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    WTB, In my mnd this is clearly the government looking to finalize testing of the Corvus offering by the same people that did the testing on other energy storage devices like the PbC and the Ultrabattery etc. I think the government or PSU might have had a lot to do with this one. I've already expressed that I think this makes good sense.
    12 Jul 2013, 02:53 PM Reply Like
  • Valleywood
    , contributor
    Comments (723) | Send Message
     
    Methinks this is an engineering student subsidy for NSC. Keep co-ops and interns in the facility. My guess NS is being "requested" to keep the facility open and the research going for overall knowledge of the universe.

     

    Guessing here.. NS already knows what they want to do. There are only a few pieces missing. It's in their best interests to keep those students there however for PR.
    13 Jul 2013, 09:01 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Could be. I surely wouldn't discount that. But my prior comments still hold as well in my thought process as possibilities.
    13 Jul 2013, 01:27 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    I remember them kicking this off. Need to go back and find out who the battery supplier was. I recall it was lithium ion but would wish to narrow it down. Anyway, lithium ion is great, lithium ion is great...

     

    Meh, it all takes time.

     

    Community Battery Storage: Almost, But Not Quite There

     

    " Two years ago, AEP Ohio kicked off one of the largest community energy storage projects in the nation, funded in part by the U.S. Department of Energy.

     

    The pilot, however, did not go very far.

     

    “The initial battery implementations associated with the Community Energy Storage (CES) project did not perform to AEP and S&C’s stringent standards, which prompted redesign of the battery systems,” AEP said in a statement. “Unfortunately, those necessary improvements were not completed in time to resume the full-scale program before the December 2013 end date of the AEP Ohio gridSMART Demonstration Project.”

     

    AEP and S&C, which was the vendor for the pilot, declined to speak specifically about the project and the shortcomings of the batteries, although the two will continue to work together on a much smaller scale."

     

    http://bit.ly/13FpasS

     

    Edit A link to S&C's site.

     

    http://bit.ly/18RYExz
    12 Jul 2013, 10:31 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    From the attached article at the bottom "About the author".

     

    "The PureWave ® SMS has been deployed in 19 projects totaling 30 MW with four different battery technologies. "

     

    http://bit.ly/1dr5tnk
    12 Jul 2013, 11:40 AM Reply Like
  • RBrun357
    , contributor
    Comments (787) | Send Message
     
    $.139. Amazing!

     

    With the stock price where it is now and where it appears to be headed I am wishing that Rosewaters new CEO would have been Axion's new CEO! TG holds 100% responsibility for this situation and I am ready for a change!

     

    Just venting!
    12 Jul 2013, 11:00 AM Reply Like
  • Amouna
    , contributor
    Comments (1638) | Send Message
     
    Give him a few more months like this and I would expect a full shareholder revolt at the next AGM....
    12 Jul 2013, 11:11 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    RBrun: For the first time, I see ARCA on the bid this A.M. I could've missed them in the past. Anyway, I suspect skulduggery by unnamed parties with an axe to grind.

     

    Trading multiple accounts at different brokers would allow exactly what we see with zero risk to the party, financially, and little risk judiciously, since the regulators in the markets are generally insert favorite pejorative here ... and follow up with mitigating excuses here.

     

    Tin-foil-hat inspired. Hard to detect without a clue.

     

    HardToLove
    12 Jul 2013, 11:16 AM Reply Like
  • PhishDBob
    , contributor
    Comments (20) | Send Message
     
    HTL,

     

    Sorry that bid was from me, I have been long AXPW for a little more than a year and decided to take a shot at lowering my basis at the 52 week low. I didn't think it would work, but I am glad I was able to lower my basis by a few cents in the process.

     

    I have been reading this blog and following for a long time just never really had anything constructive to add. At 27 years old Axion is my long shot position that could go either way at this point.

     

    Sorry to drag the price down for everyone else, but no skullduggery here!

     

    Phish
    12 Jul 2013, 04:56 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Phish, what broker do you use? Thanks.
    12 Jul 2013, 05:38 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    PhishDDBob: If you are on the bid, you are not the problem nor the subject I was addressing. Someone on ARCA appears *very* frequently on the ask and almost always jostles to get at the front of the line. ATDF used to do this all by themselves, mostly, but would also do it on the bid. Shortly before the financing became effective we saw the ARCA MM appear, almost exclusively on the ask and very frequently at the front of the line. This was about the same time we saw semi-monthly short sales reports starting to show large increases (some of which *might* be explained by normal T+3 settlement mechanics and some not explainable by that), a re-appearance (briefly so far) of fails to deliver which had gone to zero for a couple of months, and incessant selling pressure.

     

    Skipping all the details, I think the financiers are shorting, intentionally driving price down and now I believe they may be doing something that if the SEC had a clue would earn them some time where good behavior accrues credit.

     

    HardToLove
    12 Jul 2013, 06:01 PM Reply Like
  • Valleywood
    , contributor
    Comments (723) | Send Message
     
    HTL,

     

    "with an axe to grind" . . . . .

     

    clever !
    13 Jul 2013, 09:08 AM Reply Like
  • PhishDBob
    , contributor
    Comments (20) | Send Message
     
    I use ScottTrade, not very well as I am in the construction industry, but I am slowly learning.

     

    When I placed the order the bid was around .142 so I placed an order of 10K at .139 thinking I might get lucky and hit the recent low for another block of shares while lowering my basis.

     

    I am sure I didn't help the pps yesterday but I am glad I am not the culprit behind the issues we are seeing.
    14 Jul 2013, 09:24 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    Was the recent order by ePower intended for inventory, for already existing customers, for more testing or for rebuilds on spec?
    12 Jul 2013, 11:32 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Edmund, It's a pretty good guess now that the inventory that was built up last year was partly done to get the automated sheeting process up to snuff. Where the inventory goes will depend on the generation of the sheeting internal to the battery and the sequence of any new orders.

     

    IMO the build up of inventory was well worth the activity and the price. If indeed they are looking for a manufacturing partner this is a very very important step to have nailed down.
    12 Jul 2013, 11:37 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    thanks, ii, I totally agree on the need for the automation work at New Castle.

     

    I was actually looking for insight on why ePower ordered the PbCs.
    12 Jul 2013, 11:50 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    ePower plans to build five trucks for customers this year and another five early next year. It's still completing its customer selection work, but highly confident with the demand side.
    12 Jul 2013, 12:09 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    Thanks John.

     

    Do you happen to know what motors ePower will be using? Their website states Deere and Marathon, but I was looking for more specifics on both. Also I recall something was said here about Cummins, so I have to admit to being confused.
    12 Jul 2013, 12:31 PM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    The plan is to use the small Cummins tied to a Marathon generator in the third generation fleet until Cummins finishes its OEM approval process, which can take up to a year. Assuming everything goes well, the integrated Cummins with a rare earth permanent magnet generator will be built into a fourth generation.
    12 Jul 2013, 01:16 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    Thanks, that clears it up. I suggest they get those magnets from Less Common Metals.

     

    http://bit.ly/158f67t
    12 Jul 2013, 01:29 PM Reply Like
  • RBrun357
    , contributor
    Comments (787) | Send Message
     
    HTL,

     

    Thanks for your response, I appreciate it.

     

    I understand many of the forces at work to some degree, I am just very disappointed with the fact that we are in the situation we have found ourselves in. I also understand that a few good press releases could change the current environment very quickly and I am definitely sitting here with my fingers crossed for that miracle to happen.

     

    With that said, I do not know TG and I am not really wanting to suggest that he has not performed well but with the current situation we have found ourselves in I have concluded that TG's strengths may have been perfect for the R&D development stage of the product and company but moving forward into the commercializing of the PbC product I now feel that we should have had someone more astute to move us forward without the negative results we are experiencing. Over 30 years of playing this game I have seen other CEO's admit their strengths and weaknesses and found their own replacement and brought that person in and stepped aside for the betterment of the company.

     

    Again, Just venting!!
    12 Jul 2013, 11:42 AM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    If anyone needs to be blamed, CFO's should have more knowledge about these things.
    12 Jul 2013, 11:45 AM Reply Like
  • Amouna
    , contributor
    Comments (1638) | Send Message
     
    I think that as (if) our lack of progress on the sales front becomes increasingly obvious, Management will have no other choice but to bring in someone who is more of a sales type than Mr Granville, that is if they want the company to succeed long term
    12 Jul 2013, 11:55 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    RBrun, This is part of what hurt us perhaps. So perhaps while the CFO was watching the ball on nickels and dimes to stretch the budget he took his eye off the score board. Any way you slice it the CEO and CFO did a poor job on the capital raise.

     

    Clean Energy Investment Rises 22% Led by U.S., China

     

    "Venture capital and private-equity investment in clean energy fell 48 percent to $1.3 billion."

     

    http://bloom.bg/11IYUNc
    12 Jul 2013, 12:07 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    They brought in a sales type - Vani Dantam. If he's not doing his job, then bring another.
    12 Jul 2013, 12:31 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    We have been told that Axion is working with BMW, a large US car manufacturer and an Asian top 5 manufacturer. We also know that there are NDAs. So we actually have no clue, what so ever, to what is going on. It might be big, or it may be TG overselling that they are in contact with these companies. Not lying, but being extremely optimistic.

     

    TG is often very very optimistic about the future during the CC. I do not know him, so I do not know if there (repeatedly) has been unexpected delays, or if he just simply pumps our expectations based on unrealistic over-optimistic expectations to the future. ("300-350% increase in sales", "Fasten your seat belts", "Step change year"..).

     

    I still remember the CC about the HUB and the enormous potential that would come within months after the UL approval. Agreement based on "minimum quantities..." etc. - Unfortunately I see exactly the same words are used in the press release about ePower. - I do think we know that the ePower solution is tested fairly well, and customers are interested. But they have as far as I know not sold anything yet, and not had any product on the road for more than testing, no actual commercial use. I.e. no actual experience. It may break down completely after a few months of use, due to unforeseen combination of .......

     

    In two CCs we have been told that Axion is stocking. The first time it must have been for the order for NS, otherwise it is a hell of a long time to maintain a stock. Second time it was in the 1Q13 CC (as far as I remember). This time it is in expectation of large future orders. But these orders have not materialized yet.

     

    I am still (very) long, and have actually added this week. But my nerves are sitting on the outside these days. Beginning to see ghosts here and there.
    From the 1q13 CC:"And our class 8 truck initiative doesn't end with ePower, we have partnered with an historically large, and well respected, industry OEM in order to better commercialize our two-battery solution to the stop/start technology in the large truck market. We will be providing more information on this program in the coming months."
    So news should be coming reasonably soon. (And in this case here, no news is bad news).

     

    Just venting, too
    12 Jul 2013, 01:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    The one thing that's continually surprised me over the last few years is the appalling slowness of first tier OEMs when it comes to making new technology decisions. Part of it flows from the reality that no company wants to risk its reputation over a $300 component in a $30,000 system. Another part flows from the fact that the PbC is so very different from other batteries.

     

    If I were an experienced battery user and heard Axion's performance claims for the first time I'd immediately conclude that somebody was lying because nobody improves batteries by 5x to 10x in one fell swoop. Once I got past my skepticism and started looking at test results, I'd worry that the performance was too good to be true so I must have missed something. ePower was a perfect example. It knew how bad AGM batteries were in its truck and was stuck on the horns of a dilemma over finding a better solution. It didn't believe the PbC would work as advertised and it wasn't entirely satisfied with the first set of batteries Axion delivered. Since they took delivery of the second set of batteries after the automated carbon sheeting was commissioned, they couldn't be happier with the PbC's performance because it's doing everything they wanted it to do and then some.

     

    ePower has a fascinating business dynamic on its hands because its potential customers are being crushed by fuel costs and happy to take on a limited guinea pig role if doing so puts them first in line to move a significant portion of their fuel costs to the bottom line.

     

    To date, ePower has focused on getting their system working the way they want it to and they've made great progress since they switched over to the PbC. They see any number of paths to even better performance, but they're ready to move into the next phase of getting a small fleet of 10 units on the road with end users. The demand is out there, so it's simply a matter of picking the most representative users for the small fleet test.

     

    Those users may in fact discover problems with the system and there's always a risk that the trucks won't perform as well as ePower expects them to, but that's simply the nature of the beast.

     

    Since experience is what you have after you need it, ePower is following a reasonable and sensible path to develop the experience base it needs while proving the value of its system to a solution hungry trucking industry.
    12 Jul 2013, 01:35 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    Thank you, John
    12 Jul 2013, 01:40 PM Reply Like
  • RBrun357
    , contributor
    Comments (787) | Send Message
     
    The CEO is over the CFO and holds the ultimate responsibility!
    12 Jul 2013, 11:52 AM Reply Like
  • thegreekgatsby
    , contributor
    Comments (54) | Send Message
     
    Althought i own only 10.000 shares (1$ avg.), which is the reason that i am still waiting for better days to come (or just to lose everything), I guess there must be a good reason why PbC cannot be sold ....
    12 Jul 2013, 12:06 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    I think the problem is that for most users, it's just a 4x more expensive LAB. Now about 3x more expensive thanks to the roll process.

     

    The PbC is good for applications requiring many cycles - it's main advantage is that it doesn't sulfate the way LAB do. So we're talking about hybrids mostly. All our big fish are for hybrid vehicles.

     

    Stationary is a mixed bag because the PbC is only good for economies of scale. That's why I don't think Rosewater was ever a good fit for Axion, unless the PbC price came down. If you were a homeowner who wanted a backup storage, you don't need PbC. Plain ol' LAB will do because you won't be using it often. But if you were a power generator, you might like it.

     

    Unfortunately these are all slow moving behemoths.

     

    I do not care or have faith in one off small application sales. To me, this is about BMW, NS, and whatever hybrid trucks come.

     

    Once I heard about a brewing BMW deal, I was happy.
    12 Jul 2013, 12:25 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    "To me, this is about BMW, NS, and whatever hybrid trucks come." At this point, my thoughts exactly.

     

    Hybridization makes sense. Plug-ins do not. Even a Huffy-poster agrees in this reasonable and well-written article:
    http://huff.to/1drqaiU

     

    However, I have to admit I misunderstood the PbC when I first invested. I thought the PowerCube was going to be a player alongside distributed renewables (perhaps associated with these solar panel "farms" popping up on rooftops, in parking lots and on front lawns of large companies). My bad.
    As for the Rosewater unit: My take is that there are a growing and some day large number of homeowners who will really benefit by being able to store their peak renewables for off-peak use. But when I heard $50K, my heart sank. Even though I used to regularly play golf with a guy who owns a palatial log cabin in the mountains of Colorado (and whose wife is a "celebrity" BMS VP), I was never enamored of the prospects or comfortable with the exclusivity of the potential market for the Hub. I had hope - I couldn't believe how many 7-figure houses are built every year.
    12 Jul 2013, 01:14 PM Reply Like
  • Valleywood
    , contributor
    Comments (723) | Send Message
     
    Hi, Edmund.

     

    Something to enter into the equation. SWMBO and I built a 3BR, 3bath ranch out in the country of the Shenandoah Valley. Bought a smidgen of land and a micro-tractor to take care of the place. We spent an extra $30K to use insulated concrete forms for the walls because the last thing we can afford is runaway energy inflation. We live very comfortably but I assure you we do not have a two comma price tag on our place.

     

    Three years ago now we were stranded at the house for 10-days each time because of snow. Luckily we did not lose power. Thousands around us did. It was miserable for them. They lost thousands of $ in lost freezer food. They then spent more thousands getting their systems back up, and a few of them had medical emergencies due to stress and cold. No cost estimates there. Most of those folks had portable generators trying to keep things going. It did not work.

     

    The moral of the story is that SWMBO and I have saved money for three years to address the issue. A backup system (traditional genset) with associated electronics, labor, new larger LP tank, etc. will place us near $30K. Folks around here are reevaluating priorities. Our electric grid is getting weaker and weaker nationally and nobody really knows the penalty for allowing this to happen. Folks with livestock (milk, eggs, and meat) are spending north of six figures because their systems proved inadequate. Being w/out power for ten days can have dire consequences.

     

    Have a son in NJ with a 3Yr old daughter and twin boys aged one. (last year). They lost power for two weeks. Imagine. NJ
    residents are installing backup power hand over fist. $50K sounds like a lot of money. But the sooner those are installed, the sooner there will be $30K units. And those are attainable by many.

     

    VW
    13 Jul 2013, 09:47 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    Your reference to SWMBO was enough to send me to google. Thanks for the smile.
    13 Jul 2013, 10:07 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    http://bit.ly/10a0mRW

     

    Useful addition:

     

    http://bit.ly/12yCOXo
    13 Jul 2013, 10:21 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Ten feet of snow on the ground and lost everything in the freezer.
    13 Jul 2013, 01:49 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    I was away from the mkt this morning. Holy smokes. Anyone watching Time&Sales and Level II see what happened?
    12 Jul 2013, 12:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    MrI: ARCA in early and forced all the other frequent MMs to march to their tune if they wanted any action, AFAICT.

     

    Another change, ARCA was on the bid very briefly - first time I've noticed them. I think it was just because I mentioned they'd never been on the bid AFAICT.

     

    I now have my TFH going full speed and believe someone with an axe to grind is trading with themselves through multiple accounts at multiple brokers - little financial risk and little judicial risk because hard to detect w/o a clue.

     

    MHO,
    HardToLove
    12 Jul 2013, 12:44 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    Thanks HTL. ARCA has been one of the Horsemen of the Axpocollapse, along w/ BTIG and NITE. And to a smaller extent ATDF, CDEL, PERT, ETRF, etc. etc. etc. IOW almost everybody else and the horses they rode in on.

     

    I don't think revenge is (ever) needed to explain the selling. Instead, I'm guessing Axionistas/retail bailing after the DOE failure, the NBUs selling, and perhaps shorters shorting stock borrowed from the NBUs, who just got another 3-4 million shares Monday.

     

    It is rational for volume to be pumped if the NBUs want to sell a lot of stock quickly, as they each have the 15% constraint. So the shorters can short a lot and the others can just trade a lot with themselves to clear the way for the NBUs to sell more. Wouldn't take even one conversation for that to happen---just provide the opening and they'll quickly drive thru it on their own.
    12 Jul 2013, 02:44 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    If anyone reading this sold at around these levels, it would be helpful if you posted this so we have a better idea where it's coming from.
    12 Jul 2013, 12:19 PM Reply Like
  • ARGE
    , contributor
    Comments (722) | Send Message
     
    I am buying on the dips myself. Picked up 500 today.
    12 Jul 2013, 05:54 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    ARGE, with the price this low, you can easily beat the Axion low $ amt purchase record, established by me when I bought 1 share at maybe 30 cents or so. Your $70 purchase comes close, but not close enough.
    12 Jul 2013, 06:00 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Still working the bugs out. Hope it's not the battery. But it shouldn't be since it's in a metal box to contain this.

     

    Heathrow Airport closed after fire breaks out on Ethiopian Airlines Dreamliner on runway

     

    http://bit.ly/1drlg5u
    12 Jul 2013, 12:50 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2144) | Send Message
     
    ii,
    In a past working life I was an auto tech for Chrysler. I found that as vehicles got more and more complex there was more and more to go wrong, in screwy ways. Since my time things have become much more complex and in the case of the Dreamliner the scattered supply chain complicates the issues that repair technicians have to work with. I am a firm believer of the "KISS principal". I think that the complexities created by having to rely on the latest and greatest instead of the proven with a track record is setting our repair and diagnostic personnel up for major failure with a horrendous cost in lives. We may be at a point where the complexities have outstripped the human ability to maintain what we have built.
    12 Jul 2013, 01:39 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (739) | Send Message
     
    Phil LeBeau from CNBC had video on just now that appears to show fire damage to the roof of the Ethiopian 787 at Heathrow. The area in question is just in front of the tail in the area of the rear galley/rear door. He reported that the batteries that caused the earlier problem are located in the belly of the plane towards the rear. The plane had been at the gate for 8 hours prior to the fire being discovered. A second 787 has reported a technical fault on its way from Manchester England to Florida. The plane is returning to Manchester.
    12 Jul 2013, 02:10 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Stilldazed, I'm in agreement with what you say. I hate to buy a new car in the first year and your best value is a higher model stripped. Not that stripped is stripped any more. The more junk they put in these things the more frustrating they become. And electrical problems are the worst because they don't often repeat at a frequency that makes them easy to find and all the stuff is buried somewhere where you can't get at it.

     

    That's why I laughed when people expounded upon how much less maintenance EV's were going to have. Less brake pads and no oil changes! BFD. Yeah I want another 2 or 3 hundred thousand lines of code and 999 more sensors so I can get rid of those darn oil changes! Just read the message boards concerning SS systems. The batteries are junk and the people don't have a clue what the heck is going on. It's driving some of them nuts and the dealers just keep saying, "It's your fault!"
    12 Jul 2013, 02:27 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Thanks for the update Albert. BA's got some real problems. Looks like they didn't ring things out very well. Or they have some real suppliers issues. Err, or both.
    12 Jul 2013, 02:31 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    iindelco,
    I don't even like electric windows: sooner or later one gets stuck in the down position - usually when it is starting to rain and one is parking downtown.
    12 Jul 2013, 03:38 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Metro, It sure is fun taking those door panels off. Not hard if you do it often but when it's a one off affair oh boy is that fun. Designed For Assembly but not so much for the inverse. My favorite, Christmas Tree fasteners.

     

    BTW, When it's raining but even more fun in the winter when you have a nice long drive immediately in front of you.
    13 Jul 2013, 01:58 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    FedEx Express adds 1,900 fuel efficient vehicles to fleet
    Published: July 11, 2013 by Nikki Matthews

     

    http://bit.ly/1bv9FnW

     

    "including a 1,900 lightweight, composite-body Reach vehicles from Utilimaster, a division of Spartan Motors. Each Reach van, with its four-cylinder, 3.0-liter Isuzu diesel engine, demonstrates a 35% fuel efficiency improvement over traditional vehicles in the FedEx Express fleet.

     

    FedEx is also working with XL Hybrids, a developer of low-cost hybrid electric powertrain system, to convert ten conventionally-powered panel vans into more fuel-efficient, hybrid vehicles. This conversion not only reduces fuel consumption and emissions, but will also extend the engine life in fleet vehicles by supplementing the necessary power with their hybrid-electric drive train."

     

    XL: http://www.xlhybrids.com

     

    XL Facebook: http://on.fb.me/158i5wW
    12 Jul 2013, 01:56 PM Reply Like
  • greentongue
    , contributor
    Comments (880) | Send Message
     
    ePower could explode in size if they can meet or beat that with old refurbished trucks.
    12 Jul 2013, 02:12 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    Bosch Touts Hydraulic Hybrid Concept

     

    http://bit.ly/1b7cLQo

     

    Past references here to Peugot and this system, but this is the Bosch "spin"

     

    "Compatible with gasoline and diesel engines and well-suited for compact cars, Bosch says the hydraulic hybrid can reduce fuel consumption in normal driving conditions 30% and in city driving 45%, based on the European test cycle."
    12 Jul 2013, 02:22 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    While we are waiting for real news, we can make our own:

     

    The number of APH followers has increased by 10 (from 251 to 261) within the last week or so. A faster rate than we have seen for many months. 
    12 Jul 2013, 02:33 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Poul, Shall we welcome the new buyers that Maxium lined up to "help us bring this thing to market?" Least we can do is hand them the knife back after we extract it. ;(
    12 Jul 2013, 02:59 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    I'll call it even if the new buyers do their part to pump up the stock, get analysts to recommend, etc.

     

    I haven't sold a single share, so perhaps it'll all be the same for me. A bit of dilution countered by a bit of stock pumping.
    12 Jul 2013, 03:04 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    You know you're standing in troll s*&t when there are reasonable blocks on the bid and the ask and the difference between the two is 0.0001 USD.

     

    Yeah, that's retail. Sure it is.
    12 Jul 2013, 03:04 PM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    I added 3500 shares today.

     

    @ .14 so it must go lower. &*%$!
    12 Jul 2013, 03:38 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    The gift that keeps on giving.

     

    Don't know why these people don't know you have to get damaged battery packs out of the building.

     

    Fire erupts again in Landing battery room

     

    http://bit.ly/14O9AYT
    12 Jul 2013, 03:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    http://bit.ly/NOAOmu

     

    ://http://bit.ly/14OaAw4
    12 Jul 2013, 04:05 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    FIRE!

     

    It's Baaa-ack.
    12 Jul 2013, 05:33 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1047) | Send Message
     
    Mr I, RE: "another 3-4 million shares Monday."

     

    I'm not up to speed on when new shares are coming onto the market. I had thought there wouldn't be a big tranch of millions until Sept. 1. Until I saw your reference to millions of shares, I had thought the action today was primarily due to disappointment over the SBIR grant. Any brief clarification on this by anybody would be appreciated.
    12 Jul 2013, 05:04 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    There are 9 repymts, but the way I read the deal, each is split into an intial repymt and a true-up repymt. Shares for the first repymt's initial repymt were given to the NBUs last month. The true-up shares for the first repymt were given Monday.

     

    IMO, this PIPE deal is extremely important to one's understanding of the risk of owning AXPW and how the stk price is now behaving. A main reason why I disliked the deal---it's too complicated for the average retail penny stock investor to adequately understand. Ignorance can and often does lead to problems in investing as elsewhere in life. Knowledge is good.
    12 Jul 2013, 05:28 PM Reply Like
  • LT
    , contributor
    Comments (5083) | Send Message
     
    Mr. I, that is where this APC is the best. If one reads and listens there is an unlimited amount of information and knowledge shared freely. (and a few other things too... LOL)
    12 Jul 2013, 07:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    MrI: Why anyone would be surprised at pps behavior here is hard to see. Think about it: I'm given a boat load and if the price goes lower my boatload gets bigger for free! Hm, what shall I do with this initial boatload while the price is higher than I think it will be (Um, *of course* I have no idea why it will be lower!).

     

    N.B. If we were more ignorant here, the financing might have worked to our favor? Doubtful!

     

    HardToLove
    15 Jul 2013, 05:29 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    If that were really true HTL we'd all get stacks of $1 bills when we cash a check instead of a few $20 bills.

     

    Pushing the price down and keeping it down forever does nobody any good. It merely gives the financiers larger and larger blocks that are harder and harder to sell.

     

    With a two-month look back on the installment conversions, you want the two months before installments begin in earnest to be weak because it gives you large numbers of shares. After that you want the price to head in the other direction so that you can sell your $.15 shares at $.30 or more and book a big unmerited gain.
    15 Jul 2013, 06:23 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    John: I have no doubt they don't want it low forever.

     

    HardToLove
    15 Jul 2013, 06:28 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    They also don't want to hold stock for investment. They invested in notes and get stock as payment. Once they have their payments they want to turn them into a more stable currency as rapidly as possible.

     

    It's beyond my meagre talents to run a simulation that optimizes return to the new investors, but I think such an exercise would yield interesting results.
    15 Jul 2013, 06:49 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    And now Trego, the CFO, is leaving, "for personal reasons":

     

    "ITEM 5.02(b) Departure of Executive Officer

     

    On July 8, 2013, Chuck Trego, the Registrant’s Chief Financial Officer, gave notice that he shall resign from that position, effective as of August 2, 2013. Mr. Trego's resignation is solely due to personal reasons. The Registrant is engaged in an active search for a new Chief Financial Officer."

     

    http://bit.ly/158FM85
    12 Jul 2013, 05:19 PM Reply Like
  • User462699
    , contributor
    Comments (112) | Send Message
     
    OK, who was it that has been wanting a new CFO?
    http://bit.ly/158FM85
    12 Jul 2013, 05:20 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Eh, I said it, but had no idea how right I might have been. At least they are doing something about the problem.
    12 Jul 2013, 05:40 PM Reply Like
  • mrholty
    , contributor
    Comments (1041) | Send Message
     
    Ok, I'm applying. ;)

     

    Think it would be good or bad to mention that I'm an armchair CFO on these boards?

     

    Personally, at the size of the company. Get a decent controller and put any savings into more sales staff.
    12 Jul 2013, 05:46 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Ranma: With the information we have, can't conclude that. It may be that Trego is doing something as a consequence of a deal he couldn't support.

     

    Never know.

     

    HardToLove
    12 Jul 2013, 06:12 PM Reply Like
  • LT
    , contributor
    Comments (5083) | Send Message
     
    Trego is not the problem guys. Maybe on of them, but not the main one(s)
    12 Jul 2013, 07:46 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Solely due to personal reasons. Yeah, right! Ding! Going down!
    12 Jul 2013, 05:26 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    Another delivery from the Elevator Guy!

     

    Everybody and his brother knows that CFO resignations are a huge red flag, at least for a couple quarters. There may be no fire, but we'll see.

     

    Maybe Trego is the fall guy for the PIPE damage.

     

    Trego gave notice on Monday, and the email from Axion regarding today's filing was sent after the mkt close on a Friday (the SEC accepted the filing at 4:45pm EST, apparently). Just like the bonuses 8-K. Hide, hide, hide the bad news.

     

    Speaking of the bonuses, does Trego have to return his?
    12 Jul 2013, 05:38 PM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    Off with their heads, all of them.

     

    Collectively, they have run this into the dirt, Granville in over his head these last 4 years,and Danton couldn't sell ice water to a dying man in the Sahara !
    12 Jul 2013, 05:36 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Let's look at the bright side, the company is going to save upwards of 75,000 each quarter with this (est of salary plus overhead)...
    12 Jul 2013, 05:49 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    Ranma, you should read the filing:

     

    "The Registrant is engaged in an active search for a new Chief Financial Officer. "

     

    A company looking to aggressively grow and possibly have a need to attract capital in a year has to have a CFO to be credible to outside investors.
    12 Jul 2013, 05:55 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    It was more tongue in cheek than anything. You are right, and that statement calms my fears that they may be winding down.
    12 Jul 2013, 06:14 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    I don't see the reason for joy in Muddville here!

     

    IIRC, Trego was credited, in the past, with doing good work on cost containment that allowed the cash burn to get stretched.

     

    Now folks think suddenly that him going is a good thing? On what basis?

     

    From what we (don't) know, it could be as likely he's sacking the company as they him.

     

    MHO,
    HardToLove
    12 Jul 2013, 06:16 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    HT> " I don't see the reason for joy in Muddville here!" Anyone who looks at this as good news is really mistaken! How can they conclude a deal with a strategic partner for BMW without a CFO? Who in the hell with any decent qualifications is going to want to move to New Castle, PA for a position with Axion as the sinkhole under it keeps getting bigger?

     

    TG held off the bad news until the market closed on Friday, Monday the piper is going to come calling at otcbb,com with the bill. The only thing this capital raise accomplished was enough money for TG and Vani to continue drawing their paychecks until someone turns out the lights.

     

    Thank God I got out at .16 with my record in tact, namely, that I've never made a penny off Axion. I bought in 2010, 2011, 2012, 2013 and always immediately under water each time!
    12 Jul 2013, 06:24 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    I've no idea what CFO's do mostly, but costs containment strikes me more as what the COO does. The CFO just signs off on it, and maybe gives some guidelines and a game plan.

     

    I'd be more inclined to think he sacked Axion if he joined another company. According to Forbes he is 61, so while he could retire, it's less likely because of insurance reasons.

     

    Overall odds are he got sacked or voluntarily resigned over the deal. But who knows, maybe it really was personal reasons, everything is going to plan still, and we're worrying over nothing. How can we get the answer out of TG?
    12 Jul 2013, 06:28 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Ranma> "I've no idea what CFO's do mostly". I think you better look into what CFO's do. Far more important role than a COO in a public company in my opinion.
    12 Jul 2013, 06:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Does Axion have a COO?

     

    HardToLove
    12 Jul 2013, 06:39 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    Baker:

     

    http://bit.ly/13G8hOQ

     

    Dr Buiel argued the other day that Axion really needs a go-getter CTO that can drive the PbC into new mkts. Sounds like a great idea to me. Especially for the next owners, as those efforts would take a long time, if history is a good guide and I think it is.

     

    May not mean anything here, but I see from Trego's bio that he bounces around a lot. I hope this latest bounce lands him on his feet somewhere.
    12 Jul 2013, 06:45 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Phil Baker I think, but he's really a plant manager type guy. Who cares? COO's turn the crank, CFO's and CEO's put their personal gonads on the line when they sign off on the financial statement. Soon Axion is going to be flying blind financially without Trego or a replacement. I also don't think I'd trust the new CFO as much as I did Trego. Trego was no idiot and he strongly objected to Granville's 300% growth statement. The inmates will be running the show without Trego!
    12 Jul 2013, 06:45 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Phillip Baker is the COO.

     

    I know generally what CFO's do, but not deeply since I never worked in a financial role. Preparing financials, budgeting, raising money, investing spare cash, etc. But I can't credit them for saving money for simply not signing the check. Getting costs down seems to be more a result of operations strategy to me.

     

    To me finance people are mostly interchangable, except when they do boneheaded deals, but that's probably in my ignorance. Then again, many finance people think engineers are interchangable too.
    12 Jul 2013, 06:51 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Trego didn't do any capital raise deal, That was all TG and the Board's decision. Trego just double checked the numbers for them. Any attempt to blame Trego for the capital raise is pure baloney!
    12 Jul 2013, 06:56 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2801) | Send Message
     
    Real public companies need a full C suite: CEO, CFO, COO, CTO/CIO.

     

    In mature companies, the CFO has primary responsibility for raising money. I have heard from a good source that Granville is a micro-manager, and as we know, The Negotiator, so I think it's reasonable to assume he had his hands on the PIPE. Trego would be a convenient fall guy, but this is only speculation.

     

    The only certainty is that most investors consider a troubled company's CFO leaving to be a big red flag for a couple quarters anyway. Yet another hit to credibility.
    12 Jul 2013, 06:59 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Any guesses where Axion will close Monday? My guess is 10.5 to 12.5. The Axionistas on this board have supported Axion for at least two years for zero return. What a cluster........

     

    TG has been the only consistent source of raised expectations each quarter followed by the total lack of any follow through, CFO's usually resign because they know the ship is sinking, or they can't stand the CEO, or they are being asked to sign a financial report they know is full of bull and they do not want the personal legal liability for signing a financial statement they know is bull hockey.
    12 Jul 2013, 07:06 PM Reply Like
  • LT
    , contributor
    Comments (5083) | Send Message
     
    The part of the CFO leaving that I thought of first was he only gave 3 weeks notice or less. Not staying around for the replacement is interesting and Bangwhiz and Mr. Investor I agree with your red flag sentiments.
    Especially Bang's last paragraph..

     

    Oh and one other thing, that's two key players in two weeks.
    12 Jul 2013, 08:10 PM Reply Like
  • billa_from_sf
    , contributor
    Comments (370) | Send Message
     
    I think Trego left in protest over the PIPE deal.

     

    In answer to the question asked earlier about who's selling:

     

    On 6/10 I sold 60,000 of my 100,000 position for 0.21 to 0.23.
    On 6/11 I sold my remaining 40,000 shares for 0.1923 to 0.1925.

     

    My average entry was about 0.40, so I lost 20,000 long term.

     

    The 20,000 I netted I put into MNKD and INO.

     

    I paid 0.82 for INO, and it closed today at 1.23 on a pullback from 1.50+. MNKD is holding a little under 7.00 waiting for data in mid-August.

     

    I think the PbC is a great product, but bringing it to market is going to be hard. I also think that it is still possible for holders to make money on AXPW, as many stocks that have been beaten virtually to zero have become winners in the long run.

     

    I am trying to make money in a shorter time frame than I expect AXPW will pay off, so I cut my losses and invested elsewhere. I might have made a smart move; I might have made a dumb move. Time tell.

     

    The reason I sold was that with decreasing pps I figured Axion is going to have to make payments on the PIPE and it doesn't look like there are going to be enough dollars coming in to be able to handle that.
    12 Jul 2013, 08:28 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    07/11/2013: EOD stuff partially copied from instablog (up sometime).
    # Trds: 115, MinTrSz: 100, MaxTrSz: 43000, Vol 807313, AvTrSz: 7020
    Min. Pr: 0.1370, Max Pr: 0.1476, VW Avg. Tr. Pr: 0.1403
    # Buys, Shares: 47 221525, VW Avg Buy Pr: 0.1403
    # Sells, Shares: 64 560788, VW Avg Sell Pr: 0.1403
    # Unkn, Shares: 4 25000, VW Avg Unk. Pr: 0.1397
    Buy:Sell 1:2.53 (27.4% "buys"), DlyShts 165375 (20.48%), Dly Sht % of 'sells' 29.49%

     

    Week end & this week's daily estimated values (older dailys in prior EOD posts) for next share issue:
    06/14: 85% x avg. of 20 lowest intra-day VWAPs, $0.2315, in 40 days: $0.1968 Wk cls VWAP $0.2122
    06/21: 85% x avg. of 20 lowest intra-day VWAPs, $0.2176, in 40 days: $0.1850 Wk cls VWAP $0.1751
    06/28: 85% x avg. of 20 lowest intra-day VWAPs, $0.1956, in 40 days: $0.1663 Wk cls VWAP $0.1474
    07/05: 85% x avg. of 20 lowest intra-day VWAPs, $0.1805, in 40 days: $0.1534 Wk cls VWAP $0.1518
    07/08: 85% x avg. of 20 lowest intra-day VWAPs, $0.1768, in 40 days: $0.1503
    07/09: 85% x avg. of 20 lowest intra-day VWAPs, $0.1739, in 40 days: $0.1478
    07/10: 85% x avg. of 20 lowest intra-day VWAPs, $0.1710, in 40 days: $0.1454
    07/11: 85% x avg. of 20 lowest intra-day VWAPs, $0.1685, in 40 days: $0.1432
    07/12: 85% x avg. of 20 lowest intra-day VWAPs, $0.1657, in 40 days: $0.1408Wk cls VWAP $0.1403

     

    Vol, in K (for above wks/days): 4,356, 1,934, 3910, 1,217, 784, 350, 369, 592, 807.

     

    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: 10.6%, -2.6%, -3.7%, 1.7%, 1.1%, -0.8%
    5-day change: 40.6%, -62.7%, -22.9%, 43.1%, 27.1%, 24.3%
    5-day rate of change change: 46.9%, -111.2%, -1208.3%, 65.6%, 418.8%, 104.4%

     

    On my newer inflection point calculations, for those same periods:
    1-day change: -44.0%, -37.8%, -22.6%, -22.4%, -15.1%, -28.0%
    5-day change: -47.8%, -107.6%, -105.4%, -45.5%, -73.6%, -58.6%
    5-day rate of change change: 27.7%, -154.9%, -9.6%, 17.6%, 11.9%, 15.4%

     

    ARCA was in on the ask from the get-go today. The results were as we could expect – by 10:37 we dropped below $0.14. The other usual suspects began to compete strongly quite early on the sell side. In the few peeks I got, only three improvements were seen in the bid and ask combined for the whole day. Eleven times there was deterioration, again both sides combined.

     

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

     

    HardToLove
    12 Jul 2013, 06:27 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    I see I forgot to edit the date at the top of the EOD post again. It really is 7/12 as the data contained suggests.

     

    HardToLove
    13 Jul 2013, 11:54 AM Reply Like
  • RyanfBell
    , contributor
    Comments (68) | Send Message
     
    Does this mean we are dying or dead in the water.
    12 Jul 2013, 08:26 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Ryan, it's never a good sign when things are not going great and a CFO leaves. The only way it could have been worse IMO is if Vani resigned. Since we are primarily looking for success in automotive or trucking, which is IMO his specialty, his departure would have been a disaster. I'll only temper this thought with unless he got a good position with a far more stellar name. For example I was not worried at all about the departure of the sales guy recently. It's never great to see good people leave in an area you are looking to grow, I'll use Dr. Buiel's perception that he was a contributor, but leaving a contract sales position for a CEO position doesn't throw up any red flags for me. You'd have to be numb from the neck up to turn that down unless you just don't have aspirations for the position or you're making commissions hand over fist.

     

    Edit No disrespect intended to the technical guys. There are some key players there that would also be a disaster to lose but I'm mostly referring to the front office staff.
    12 Jul 2013, 09:02 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    The thing is, most people jump ship when they have found something better. We've got more questions than answers at this point.

     

    a) There really were personal reasons, and this quiet period is a good time for him to step down
    b) He's being sacked for the financing
    c) He disagreed with TG who was responsible for pushing this gambler's financing

     

    Listening to the CC again, TG seems to refer the financing as Chuck's accomplishments, though his "good job Chuck" may refer to the cost cuts just as well.

     

    Chuck read notes on the financing and didn't sound different from before.

     

    THe first Q&A TG said they should sell some cubes within 9-12 months so I take back what I said about stationary.
    12 Jul 2013, 09:49 PM Reply Like
  • Articula
    , contributor
    Comments (253) | Send Message
     
    This is a real puzzler. Frankly, the first time I've felt real threatened with my investment. Lets just hope as the saying goes "the night is always darkest before dawn."
    12 Jul 2013, 08:32 PM Reply Like
  • anthlj
    , contributor
    Comments (228) | Send Message
     
    Maybe Rosewater have a new CFO to work alongside their new CEO?

     

    The death spiral continues to gather pace. Perception is vital, and not having continuity in this key position is an awful indictment of the way things are being run over there (excluding the slight possibility of some truly exceptional personal circumstances). It really is a shame. Perhaps it was ever to be so and we have been lead a merry dance in ignorance of true risks and absence of certain facts. Wiser heads jumped ship long ago because things didn't smell quite right.
    12 Jul 2013, 08:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Anthlj: "death spiral" currently only applies to us shareholders I think. The dire effects seen do not necessarily signal anything about the company's future, only about the actions of the financiers and the pass-through to us.

     

    I *hate* the deal, have been negative about it from the start but have never once considered it a serious threat to the *company's* viability.

     

    It could morph into such a threat if the "Equity Conditions" come into play, but that's yet to be seen.

     

    Right now only we are in a "death spiral" and, let's be honest, it's one we create for ourselves by reacting in the way we do to certain events. Human nature and all that.

     

    MHO,
    HardToLove

     

    P.S. Credit where due: JP warned us about the effects of continued bottom-feeding mentality. Rightly or wrongly, the trading activity reverted to essentially as before once we finished the grind up begun in early November '12.
    13 Jul 2013, 08:47 AM Reply Like
  • anthlj
    , contributor
    Comments (228) | Send Message
     
    OK, OK, the language was a bit dramatic.

     

    But only concerned about this co. from a stockholders perspective, if it lives on in life beyond Axionista's $$, then it is as good as dead, no emotional ties to the battery or the co., purely an investment vehicle.

     

    Also, to blame Axionistas mentality on current plight seems a tad masochistic.
    15 Jul 2013, 04:27 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Anthlj: I don't blame Axionista's at all. It's just an observed effect. I intended "Rightly or wrongly, ..." to carry a non-judgemental tone there.

     

    In all honesty, I expect the company performance be such as to cause a change in behavior. Shareholders are not in it for altruistic motives. But John's observation was correct about the effects of the behavior.

     

    What I think he, nor anyone, could not foresee was the contribution by the company to the behavior.

     

    MHO,
    HardToLove
    15 Jul 2013, 05:12 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    Executives resign for any number of reasons. While speculation and leaping to conclusions may be fun for some, it is far from productive.
    12 Jul 2013, 10:05 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Why he resigned doesn't matter. It is the probable impact on the stock price that he did resign that matters.
    12 Jul 2013, 10:29 PM Reply Like
  • Al Marshall
    , contributor
    Comments (531) | Send Message
     
    Unfortunately John, given Axion's communication history, "speculation and leaping to conclusions" is all that investors have to go on. Furthermore, as someone else posted above, discounting positive statements and assuming the worst about Axion has a pretty solid track record.

     

    While we don't know the reason for Mr. Trego's departure (and never will) and I do consider it bad news, the silver lining is that this may be an indication there is some accountability at Axion and that the board of directors isn't asleep at the wheel.
    12 Jul 2013, 11:37 PM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    The last time we went through this kind of hysterics was when David Anthony resigned from the board. The reason was that his daughter had been killed and David couldn't cope. He ultimately committed suicide over her death, but not before legions of people who knew nothing embarked on a campaign of slanderous speculation.

     

    I want no part of it.
    13 Jul 2013, 07:27 AM Reply Like
  • jcrjg
    , contributor
    Comments (174) | Send Message
     
    The CFO resigned the same day as the ePower deal. Maybe he didn't like that deal.
    12 Jul 2013, 10:06 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Jcrjg, It's a one off deal. There is little to like or dislike. It's the subsequent negotiations that will carry the meat of the deal.

     

    And people rarely stand up and say I'm done the day something goes good or very bad. specially a well weathered exec. I see little possibility of correlation between the two events.

     

    Besides, even though negotiations will take time between Epower and Axion, I can't think of many relationships where there are two parties that need each other as much as this one. Will still be pushing around for the best deal but getting this application going is in both parties best interest.

     

    Just an opinion but it seems to make the most sense sans info.
    12 Jul 2013, 10:25 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Many Axionistas have given Axion the benefit of the doubt over the years, Not a single instance of giving Axion the benefit of the doubt has been good for the stockholders. The postponement of the Annual Meeting is just like the lack of information prior to the capital raise. Followed by a TG statement that the financing was done with investors who were inline with Axion's strategic interests. BS, BS and more BS. I lost my butt on Axion and I am angry about many Axionistas who are friends of mine losing even more money than I did.

     

    They are going to be dead in the water until they get a CFO and he better be credible, However, I worked as a retained search consultant for 15 of my professional years before moving on to sales and marketing management and I wouldn't take on Axion's CFO search for a retainer equal to all the tea in China, Why?

     

    First off the company's stock chart is a horror show - the first thing any CFO prospect is going to look at. Second, if the public financial image doesn't lose his/her interest the next "fugeddaboutit" is moving to New Castle, PA. Most of my assignments meant a relocation hire. I once had a job to file in Caribou, Maine. My customer jokingly suggested I "check the asylums" for candidates. Do you want to live in New Castle, PA? Third, is TG the kind of CEO, and is Axion the kind of company, a good CFO candidate will be drawn to work for given Axion's track record and TG's prior professional background ? Not in a million years.

     

    No decent CFO in his right mind would take the position right now. They are going to hire some desperate soul, but his principal role will be either having enough guts, lack of brains, or personal financial desperation to just sign the next quarterly SEC financial statement regardless of what it says.
    12 Jul 2013, 10:18 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    I'm done guys. Peace and good luck. I won't post again unless Axion hits a home run and that post will be to say I wasn't smart enough to hang in there with Axion in July 2013.
    12 Jul 2013, 10:34 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1047) | Send Message
     
    RE: --- "I figured Axion is going to have to make payments on the PIPE and it doesn't look like there are going to be enough dollars coming in to be able to handle that."

     

    JP, would you be willing to comment on this? It's a scenario I thought was far-fetched not too long ago, but I don't know any more.
    12 Jul 2013, 11:50 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    They need to take a proactive stance on the stock price ASAP. Get on the phone with the SEC and find out if there are abusive shorts going on. Wash sales should be easy to prove. At the very least make these guys be less bold about doing these things. Someone needs to get on the phone with TG.
    13 Jul 2013, 12:50 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    The PIPE is designed to be self-liquidating as the investors get stock for their principal and interest payments. Cash payments are only possible under exceedingly dire circumstances.

     

    The reality is that we've seen lots of selling pressure over the last couple months, but for every seller there has been a buyer. We know the buying is not coming from the ranks of the new investors. That tells me the base is intact and buying more despite the whining of a few vocal malcontents.
    13 Jul 2013, 08:05 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    "That tells me the base is intact and buying more despite the whining of a few vocal malcontents."

     

    I think that phrasing is not useful.

     

    Have you considered breaking that habit?

     

    HardToLove
    13 Jul 2013, 08:52 AM Reply Like
  • nakedjaybird
    , contributor
    Comments (2803) | Send Message
     
    "The sky is falling, the sky is falling.....".
    13 Jul 2013, 12:55 AM Reply Like
  • DRich
    , contributor
    Comments (4673) | Send Message
     
    Change would be good. Change is wanted. Change is coming. Change is happening. Change is not welcome. Change is bad
    13 Jul 2013, 01:13 AM Reply Like
  • nakedjaybird
    , contributor
    Comments (2803) | Send Message
     
    Change is GOOD when what is broken gets fixed. Change must be a fix for the REAL cause(s) of a problem. Any other kind of change is a sword fight with a windmill, just as meaningless, and just as effective: nada.
    13 Jul 2013, 01:45 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Ch ch changes.

     

    http://bit.ly/1duT6Xy
    13 Jul 2013, 02:14 PM Reply Like
  • User550230
    , contributor
    Comments (53) | Send Message
     
    As a controller myself, the CFO generally knows the economics of their business better than anyone else at the company. We spend 60 hours a week building financial models and forecasts, cash management, and operational contract negotiations and monitoring (the run rate costs of the business). a good CFO knows a company is dead several months to several years in advance. There is no positive to take from his resignation, especially given every other delay or non-start experienced recently
    13 Jul 2013, 01:32 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    It is a criminal violation of Federal Securities Laws to report that an executive's departure "is solely due to personal reasons" if there's a deeper business reason. This management team is far too conservative to lie to the SEC for the sake of PR.
    13 Jul 2013, 08:07 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2656) | Send Message
     
    In some places its also a criminal violation to jaywalk. So what.
    13 Jul 2013, 11:17 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    Those places don't have large populations of class action lawyers who make a handsome living suing directors and officers personally for malfeasance and misrepresentation. The SEC may be selective in choosing enforcement actions for an overworked staff but the class action law firms are a good deal more flexible, particularly when there's a D&O insurance policy to collect from.
    13 Jul 2013, 11:28 AM Reply Like
  • nakedjaybird
    , contributor
    Comments (2803) | Send Message
     
    Stefan -

     

    For one, it could be deadly (don't take on a 3000 lb vehicle with an idiot at the wheel that may not see you, duh!). Now, if you are fast and careful, take your chances.

     

    For two, God will get you........
    13 Jul 2013, 01:47 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    "The SEC may be selective in choosing enforcement actions for an overworked staff but the class action law firms are a good deal more flexible, particularly when there's a D&O insurance policy to collect from."

     

    As I have made mention, I have some dry powder earmarked for such an effort and willing to pool it with the Axionitas group should the need arise...
    13 Jul 2013, 01:53 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2656) | Send Message
     
    NJB -

     

    "God will get you" Is that a threat?

     

    Axion Host, please take that vile comment and my response down. Thanks.
    13 Jul 2013, 03:26 PM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    Stefan, I read it as a joke. Like, "Oh Boy, you sinned. But it did take me a moment!
    13 Jul 2013, 03:34 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Stefan, I read it as a joke as well. I think your original comment should stay...
    13 Jul 2013, 04:22 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2803) | Send Message
     
    RE. "God will get you" Is that a threat?

     

    Axion Host, please take that vile comment and my response down. Thanks

     

    ----------------------...

     

    Stef - some may see it as a threat; others may see it as a promise.

     

    Take your pick; place your bets. The game is and has been on.

     

    What really matters is is it Truth?

     

    PS - and the "you" is a plural you; as much so as anyone jaywalking where it is a criminal violation. Loosen up, or take heed; your choice.

     

    PSS - the same advice goes to any CFO et.al that claim personal reasons for leaving when that is not actually the case. There are rules; and there are rule breakers. Hence, the rules and the 'gotcha's' for the rule breakers!!!

     

    Solution or change called for: walk wisely.
    13 Jul 2013, 05:16 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Unless he jump ships elsewhere, we cannot conclude he didn't leave for personal reasons.

     

    Tthe company will be made on factors beyond financial forecasts, ie whenever BMW or NSC bites.

     

    Once that deal is done, the company can possibly borrow money instead of raising money through selling shares.

     

    And with a deal, the company assets and IP should be at least worth today's market cap.

     

    Both NSC and BMW could possibly be a summer event. I look forward to the AGM to finally get some answers. There is no way I'm selling before that.
    13 Jul 2013, 01:46 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1038) | Send Message
     
    His personal reason could be that he thinks it is a sinking ship and wants no part of it. It could be family, it could be just his desire to retire. No way of knowing. Par for the course. Either way, the stock is dropping on Monday.
    15 Jul 2013, 09:35 AM Reply Like
  • User550230
    , contributor
    Comments (53) | Send Message
     
    He has nothing to do with the sales contract, but he'd be one of the first 5 people at the company to know if one was on the 3 month horizon, or would be asked to run updated financial metrics at the first sniff of any true sales assumption
    13 Jul 2013, 01:47 AM Reply Like
  • User550230
    , contributor
    Comments (53) | Send Message
     
    Today's market cap will mean a lot less per share in a few months
    13 Jul 2013, 01:54 AM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    It bears repeating that BMW has been testing the PbC since 2009, ran them in vehicles, and also had a 3rd party testing completed early this year. Now TG says they are negotiating with a current BMW supplier. Trego said they will be shipping electrodes to battery makers.

     

    The odds are overwhelmingly high that some sort of deal will appear. The fact that Trego left doesn't mean it all went to hell. Unless he starts another job in August, I must conclude he either has personal reasons or he was asked to leave.
    13 Jul 2013, 02:05 AM Reply Like
  • Amouna
    , contributor
    Comments (1638) | Send Message
     
    Ranma,

     

    I side with you on this. After all, he may be the one who got us the "strategic financing" that turned out to be hell...
    13 Jul 2013, 06:23 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Amouna: From what little we know of the players, I have a hard time imagining that TG was not the prime mover of the financing. Trego should've or would've been checking the expected effects and giving feedback, but TG would be the negotiator.

     

    It's possible Trego didn't give good info or that TG ignored it or ... all speculation regardless.

     

    HardToLove
    13 Jul 2013, 06:29 AM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    I'm thinking if Trego was asked to leave, it would have come from the board itself. Some of the board members put up extra money for this - why would they do that? Because they knew it would limit the dilution to them. They are obviously displeased with the results, as they are the largest shareholders! TG may have agreed to the deal, but I bet Trego was the one who initiated this deal.
    13 Jul 2013, 01:26 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Or if he didn't initiate or negotiate the deal, he was the one the board went to to review the terms and make the final decision.
    13 Jul 2013, 01:44 PM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    Nobody has mentioned this statement from the PR.

     

    "Mr. Trego will continue to support the Company in a consulting role pending his election to the Company's Board of Directors at the Annual Meeting which will be held this September. In addition to working on special projects at the direction of the CEO, Mr. Trego will focus on assisting the Company in its ongoing search for a replacement CFO. Mr. Trego's nomination will be further detailed in the Company's Proxy Statement on Schedule 14A which will be filed with the SEC in the next few days."

     

    If he thought it was all going to hell why would he want to be on the BOD?????
    15 Jul 2013, 04:47 PM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    I guess there are times when the phrase "solely due to personal reasons" means exactly what it says.
    15 Jul 2013, 04:52 PM Reply Like
  • CO3
    , contributor
    Comments (250) | Send Message
     
    Concentrator postings lately remind me of the sign:

     

    This place requires no physical-fitness program. Everyone gets enough exercise jumping to conclusions, flying of the handle, running down the boss, flogging dead horses, dodging responsibility, and pushing their luck.
    15 Jul 2013, 06:20 PM Reply Like
  • User550230
    , contributor
    Comments (53) | Send Message
     
    Maybe he cost cut himself
    13 Jul 2013, 02:07 AM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    Bang is right on !
    CFO irrelevant, that's the least of our problems, I have it on fairly good authority from my neighbor in Toronto, who is close to Axion, that Granville and Dantam will be gone before the end of fall ! So much for the 3 year mgmnt renewal contract actually meaning anything !

     

    By then anyone with a million bucks lying around can buy the whole shebang, maybe the Axionistas could do it, and then "those 2 or 3 who shall not be named" could happily blog away for the remainder of their days pretending it is their own company ! How exciting !

     

    About time I say, anyone on this board currently attempting to make light of the current stock performance, or excuses for this woeful joke of management is just as sad and lacking in intestinal fortitude to tell it like it is.
    The fat lady is shouting from the rooftops, it's over, done and dusted, say what you want, and of course this is just IMHO, but we all know in our heart of hearts there is no excuse for this sub par pathetic way our beloved company has been raped, pillaged and fed to the dogs.

     

    Very sad indeed !
    13 Jul 2013, 02:42 AM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (739) | Send Message
     
    The beloved company that you have told us that you no longer have shares in.
    With no skin in the game I wonder why you continue to monitor and post on this subject.
    13 Jul 2013, 06:39 AM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    APH, can we remove troll posts here?
    13 Jul 2013, 01:28 PM Reply Like
  • LT
    , contributor
    Comments (5083) | Send Message
     
    Ranma, he may be a troll, but he is correct. leave it be.
    13 Jul 2013, 04:35 PM Reply Like
  • Ranma
    , contributor
    Comments (1842) | Send Message
     
    Correct about what? His rumor mongering?
    13 Jul 2013, 04:38 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    To the whiners: You're pathetic. Your crying is repetitive and obnoxious. The consolation: You're not my kids, so I can ignore you when I want and slap you when I want. Please take your ball and go home now, you've soiled your pants.

     

    Gentlemen, let's get back to the game.
    13 Jul 2013, 03:40 AM Reply Like
  • User550230
    , contributor
    Comments (53) | Send Message
     
    Investing in axion is a game....of Marco Polo....only TG has delayed saying polo by a few months longer than normal this time
    13 Jul 2013, 07:11 AM Reply Like
  • 481086
    , contributor
    Comments (3450) | Send Message
     
    Whoa, Chuck Trego just resigned...
    13 Jul 2013, 03:40 AM Reply Like
  • LT
    , contributor
    Comments (5083) | Send Message
     
    What happens if the stock goes below .10 ?

     

    I think I remember something buried in the financing deal that mentioned "below .10 the deal was considered a failure" and it may have had a time limit like below .10 for 3 consecutive days.

     

    It will pay to find out what happens to the funds if this happens, will they still be released ? Exactly what does this clause mean?
    13 Jul 2013, 06:19 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    LT: the important thing is the WVAP, not highs, lows, closes, ...

     

    From http://1.usa.gov/10iUMmd

     

    Pg 43, (jj): "“Price Failure” means, with respect to a particular date of determination, the VWAP of the Common Stock on any Trading Day during the fifteen (15) consecutive Trading Day period ending on the Trading Day immediately preceding such date of determination (such period, the “Price Failure Measuring Period”) fails to exceed $0.10 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during such Price Failure Measuring Period".

     

    It's used only in reference to "Equity Conditions", which we've touched on before, pg 38 (p).

     

    See also pg 39 (q) "Equity Conditions Failure".

     

    First reference to that is on pg 7 "4. RIGHTS UPON EVENT OF DEFAULT."

     

    Pg 19, under "8. COMPANY INSTALLMENT CONVERSION OR REDEMPTION.", "(a) General", we find "... provided further that the Company shall not be entitled to effect a Company Conversion with respect to any portion of such Installment Amount and shall be required to pay the entire amount of such Installment Amount in cash (a “Company Redemption”) if on the applicable Installment Notice Due Date or on the applicable Installment Date (as the case may be) there is an Equity Conditions Failure, except that a Company Conversion may still occur on the applicable Installment Date in accordance with Section 8(b) with the written consent of the Holder. On the date which is the twenty-three (23rd) Trading Day prior to each Installment Date ...".

     

    There's ways to avoid paying the cash if the financiers agree.

     

    HardToLove
    13 Jul 2013, 06:46 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Uh, another important piece, from page 20, (b) "Mechanics of conversion", " ... If an Event of Default occurs during any applicable Equity Conditions Measuring Period, then, at the option of the Holder designated in writing to the Company, either (i) the Holder shall ... If any of the Equity Conditions are not satisfied ... the Holder may require the Company to do any one or more of the following: (i) the Company shall redeem all or any part designated by the Holder of the unconverted Company Conversion Amount (such designated amount is referred to as the “Designated Redemption Amount”) and the Company shall pay to the Holder within three (3) days of such Installment Date, by wire transfer of immediately available funds, an amount in cash equal to 125% of such Designated Redemption Amount ..."

     

    HardToLove
    13 Jul 2013, 07:02 AM Reply Like
  • jcrjg
    , contributor
    Comments (174) | Send Message
     
    HTL,

     

    Thanks for your posts on price failure. So as I understand it, the concern is that if we get a price failure (VWAP below $0.10 for 15 days) then the vulture investors can demand cash repayment within 3 days. Axion will likely not have this money and the new investors will be in a strong position to take even more of the company or possibly damage the long term value. Also presumably there would be no new investment. Is this all correct?
    13 Jul 2013, 11:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Jcrjg: I haven't read the doc end-to-end but haven't yet seen anything that says no more $. But my peeks have been targeted. I'm afraid I've got to let someone else dig deeper for that answer.

     

    On first equity condition I think Axion would have the money because they won't be running with $0 in reserve, but that 25% "penalty" in the payback would deplete the reserve quickly.

     

    Having said that, common sense suggests that somewhere in that document it says the deal is broken if x number of (consecutive maybe?) defaults occur.

     

    HardToLove
    14 Jul 2013, 05:35 AM Reply Like
  • Amouna
    , contributor
    Comments (1638) | Send Message
     
    JP,

     

    What do you make of this whole situation? Axionistas' nerves stretched to the limit, a CFO who is leaving, and PIPE investors diluting current stockholders by the millions of shares!

     

    It is hard to keep being optimist in the face of these events.
    13 Jul 2013, 06:27 AM Reply Like
  • John Petersen
    , contributor
    Comments (30232) | Send Message
     
    Things are nowhere near as desperate as they appear.

     

    A few years ago David Gelbaum's representative David Anthony abruptly resigned from the board for personal reasons. While the event that led to David's resignation was the death of a daughter that ultimately led to his suicide, the public speculation was obscene and borderline slanderous about both David and Gelbaum and Axion.

     

    Companies lose executives all the time and it's a criminal violation of Federal securities laws to claim that a departure "is solely due to personal reasons" if there's a deeper business reason. This management team is far too cautious to engage in criminal behavior for the sake of a better PR spin.

     

    We have a several people who participate in this Concentrator series who have sold and are incredibly vocal about their reasons for doing so.

     

    We have also had a ton of selling from the new investors who have dutifully if not brutally unloaded every share that's found its way into their hot little hands.

     

    Every one of those shares has been bought by somebody. And we know for sure that the buying didn't come from the new investors.

     

    The only possible explanation is that the substantial bulk of Axion's stockholder base remains solid while a small but incredibly vocal group of malcontents cry and complain that nobody in management is taking the time to hold their hand instead of building a company.

     

    Sometimes management teams are faced with a Hobson's choice – happy stockholders or happy customers. Any management team that doesn't put the customer first is destined to go down in flames.

     

    Everybody forgets that the stock price doesn't always reflect the business fundamentals. It merely reflects the mood of the moment. The places you learn about the business and technical fundamentals are user meetings and conversations like the ones I have with ePower on a daily basis.

     

    There are several aspects of Axion's investor relations that could be better. Unfortunately I have no confidence that I could do a better job if I had the same facts to work with.

     

    I understand how people make investment decisions and subsequently decide that they're really too timid and risk averse for the poker game they chose. The gentlemen take their chips off the table and walk away. The adolescents take their chips off the table and then hang around complaining that the deck was stacked against them.
    13 Jul 2013, 07:50 AM Reply Like
  • ARGE
    , contributor
    Comments (722) | Send Message
     
    Lookiing at the burn rate over the last two reported Quarters has me wonding something. It looks like once the Continuous Roll Carbon Sheeting Production Process was up and running the R&R budget went down $1.144M and the Selling General and Administrative jumped up $1.238M, so I have to wonder what would have happened to the stock price if $1M was taken off the burn rate and (given your expertise) how long before the selling gives results?
    13 Jul 2013, 08:56 AM Reply Like
  • greentongue
    , contributor
    Comments (880) | Send Message
     
    How long does an NDA cover a CFO that has left the company? Could we soon hear what actually is in the works and with who?
    13 Jul 2013, 08:59 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Greentongue: I can't answer you question but would be surprised if Trego did something that would violate common ethics regardless of the legality.

     

    MHO,
    HardToLove
    13 Jul 2013, 09:11 AM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    "Mr. Trego will continue to support the Company in a consulting role pending his election to the Company's Board of Directors at the Annual Meeting which will be held this September. In addition to working on special projects at the direction of the CEO, Mr. Trego will focus on assisting the Company in its ongoing search for a replacement CFO. Mr. Trego's nomination will be further detailed in the Company's Proxy Statement on Schedule 14A which will be filed with the SEC in the next few days."
    15 Jul 2013, 04:51 PM Reply Like
  • magounsq
    , contributor
    Comments (991) | Send Message
     
    geez man...he's nominated for the BOD!
    Read the damn release!
    15 Jul 2013, 09:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18051) | Send Message
     
    Magounsq: Look at the time stamps my friend. The PR about this came *way* after the filing (like more than 48 hours after!). And the filing only mentioned leaving - nothing else.

     

    HardToLove
    16 Jul 2013, 04:32 AM Reply Like
  • iindelco
    , contributor
    Comments (9575) | Send Message
     
    HTL, Could be TG reacted after getting some input on the fallout of the resignation. Could be the weekend was used to negotiate the offer and acceptance after talking w/ board members and CT.
    16 Jul 2013, 07:31 AM Reply Like
  • LT
    , contributor
    Comments (5083) | Send Message
     
    iinde & HTL, waiting from Monday to Friday for the filing and then announcement after the weekend made me suspicious that this was the case. I agree with iinde. Maxim may have put their 2 cents worth in too.
    plus, on the other side, If Trego & TG are big buddies, TG just stacked the BOD with one more of his cronies.
    16 Jul 2013, 08:07 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    " TG just stacked the BOD with one more of his cronies. "

     

    I would phrase this another way. The board of directors is keeping a penny pincher around so the company does not lose sight of the cost cutting measures it has put in place.
    16 Jul 2013, 08:19 AM Reply Like
  • magounsq
    , contributor
    Comments (991) | Send Message
     
    HTL

     

    My vent was not aimed at you...just the tangents many take without taking a step back to put in context.
    16 Jul 2013, 09:02 PM Reply Like