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  • Amouna
    , contributor
    Comments (1456) | Send Message
     
    Primero :)!!
    31 Jul 2013, 05:51 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (783) | Send Message
     
    Segundo!!

     

    Hermoso dia.
    31 Jul 2013, 05:53 AM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    drei
    31 Jul 2013, 06:44 AM Reply Like
  • 12100606
    , contributor
    Comments (86) | Send Message
     
    Learned something this morning. I put "drei" in the Google language detector and detected .......German! I love languages.
    31 Jul 2013, 07:04 AM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    Four score and seven....well, never mind.
    31 Jul 2013, 06:49 AM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    How is it possible that a company owning a technology that offers big advantages to three separate sectors of the transportation industry, a company intimately involved with several corporate giants in the transport sector, finds it necessary to go hat in hand to vulture capitalists in order to keep its doors open? Each of these probable customers has a powerful incentive to keep Axion alive, and each has been assurred it will not be able to effectively steal the technology through a predatory financing, so I would think one or more of these entities would be willing to make directly (or arrange indirectely) an Axion investment on reasonable terms likely to bring a better return on capital than any alternative use of their money.

     

    The fundamental value of Axion Power has never been greater, nor the prospect of major paydays more imminent, than now, yet the stock languishes near its lows. The great investment story that most of us see in Axion simply is not getting the exposure it deserves.

     

    I'd like to address the issue of dilution which seems to be on many of our minds. I am one of those who see the reasonable value of AXPW as five to ten or more times current market prices. I value AXPW from an entrepreneurial perspective as the value of its IP which, for me, is the discounted present value of earnings destined to flow from Axion's unique technology. In my mind, any sale of new AXPW shares near current market prices is highly dilutive to the value of my AXPW holdings. Indeed, the only legitimate basis for hating the recent PIPE offering is its dilutive aspects.

     

    To an accountant looking at book value, recent sales of new AXPW shares have been accretive (but book value is irrelevant here). One could also make the case that the share value of a company lacking operating capital is close to zero, in which case the sale of new stock at today's current absurd prices is also accretive. But I don't accept the idea that Axion becomes virtually worthless each time its cash position drops near zero. The recent PIPE deal may have been a necessary evil for a company weak in financing and unable to get its story out there, but it was definitely dilutive for those of us who value Axion at many times its current market value. My bartender assures me that it is possible to dilute a glass of good whiskey by pouriing beer into it.
    31 Jul 2013, 07:26 AM Reply Like
  • Amouna
    , contributor
    Comments (1456) | Send Message
     
    Alphameister,

     

    Axion lacks an efficient marketing department, not skilled technicians/entreprene... As long as the marketing of PbC is not handled properly (by expanding the sales team), I fear that Axion's market value won't get much of a boost!
    31 Jul 2013, 08:59 AM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    I tend to think Axion's marketing has been cost effective and logical given the major opportunities looming large for us. I'm guessing that the merits of the PbC are pretty well known to the major and minor players within the industries Axion hopes to serve, and that many will jump on the bandwagon once any of the early adopters adopt. I'm upset that most of the financial industry seems unaware of the great story that has brought us to Axion, and I don't know how much better the company could have done under the restrictions of its NDAs. But if we got the story despite the NDAs, it seems reasonable to believe that much larger universe of investors could also have been exposed to it.
    31 Jul 2013, 09:12 AM Reply Like
  • Amouna
    , contributor
    Comments (1456) | Send Message
     
    Alpha,

     

    I am a financial industry insider and to my knowledge, the industry is incredibly short sighted and notoriously known for missing great stories from the beginning. After all, it is a commission based business model and trading volumes are much more important than carrying securities on the books. The silver lining is it creates the ideal environment for astute patient investors to get in early and patiently wait for the street to realize the potential!

     

    What also makes Axion so particular is the fact that it is a very promising micro cap that is already listed on a public exchange, which gives us an opportunity to participate in the upside!
    31 Jul 2013, 09:29 AM Reply Like
  • greentongue
    , contributor
    Comments (734) | Send Message
     
    Maybe there is another reason for all the NDAs around Axion.

     

    "During the five years of Phase II, the Navy plans to test cooling systems and a battery that could store the energy required by the railgun."
    http://bit.ly/15aI6zs

     

    Nobody buys equipment like the military (or is as protective of secrets).
    31 Jul 2013, 07:55 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Run Forest run!

     

    PowerGenix Inks Innovation Contract with PSA Peugeot Citroen

     

    "PowerGenix, the leading developer of high performance, automotive Nickel-Zinc (NiZn) batteries, today announced that it has entered into an innovation contract with PSA Peugeot Citroen Automobiles, a French multinational automobile manufacturer. Peugeot will conduct a comprehensive evaluation of the use of PowerGenix's NiZn batteries as a replacement for lead-acid in stop-start vehicles."Peugeot has displayed impressive leadership in cutting emissions and adopting innovative technologies," said Salil Soman, Director of Systems Engineering at PowerGenix. "We look forward to working together over the coming months to fully adapt and integrate our NiZn batteries into their vehicles. This is a promising milestone for NiZn, which is poised to capitalize on a rapidly expanding market for stop-start technology." "

     

    http://bit.ly/1eaQQoI
    31 Jul 2013, 08:32 AM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    IINDelco,

     

    " a French multinational automobile manufacturer. Peugeot will conduct a comprehensive evaluation of the use of PowerGenix's NiZn batteries as a replacement for lead-acid in stop-start vehicles."

     

    And in about three years they should be done evaluating.
    31 Jul 2013, 09:06 AM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (114) | Send Message
     
    Indellco

     

    Is that what my Green line Saturn has?

     

    One of the benefits of regenerative braking is the saving the regular brakes. I would think that to be an added benefit especially for large trucks that rely on lower gears to slow them descending long steep grades. My Saturn seems to engage the braking without me stepping on the brakes. The SUV seems to corner better coasting because of the regenerative braking system.

     

    55,000 Miles and original brakes and tires.
    31 Jul 2013, 09:09 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Snowboard, No. Your Greenline has NiMH (Nickel Metal Hydride) batteries. Patented by Energy Conversion Devices and since sold to the Germans.

     

    I just replaced the brake pads and rotors all the way around on my wifes 2008 Saturn VUE. The pads didn't hold up well because they appeared to have been pressed into the carrier and as such they didn't come out parallel to the rotor during operation. Don't know what the heck the Mexican assy plant or their supplier were thinking. Anyway, not so bad. 200 USD for the parts.
    31 Jul 2013, 09:39 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    LabTech, You got that right.

     

    But the Chinese can wait. More patient than the Americans!
    31 Jul 2013, 10:11 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    Two ways to look at this:

     

    1) Maxwell system isn't good or cheap enough;
    2) Why aren't they testing the PbC?
    31 Jul 2013, 10:56 AM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    We have no idea whether they're testing the PbC or not.
    31 Jul 2013, 11:00 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    If I was Peugeot knowing BMW was testing the battery for as long as they have been, you can bet I'd have some on test if I could get my hands on them. Same goes for all the majors.

     

    Or like T, I'd get it via a tech. agreement with BMW.
    31 Jul 2013, 11:11 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    iinde, or perhaps more likely given their ties, with GM?
    31 Jul 2013, 11:21 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    Well, if PowerGenix can squeeze a press release out without ruining an NDA, it would be a shame if Axion cannot for two reasons:

     

    1) having another automaker start trumpeting a potential alliance with Axion would seemingly give Axion some more leverage.
    2) really, Peugoet/Citroen is going to allow PowerGenix a PR, really?
    31 Jul 2013, 11:24 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Mr. I, GM has signed agreements with them to align and rationalize all of their operations in Europe. Kind of a move of desperation by both parties as they are both bleeding heavily. You will see move rationalization like this as the Europeans consolidate and reduce capacity. This has been historically taboo in the EU but it's gotten so bad that it's a must.

     

    The first place to save money is in areas like R&D because it doesn't impact people as much which is really the hardest part of capacity "right sizing". Thus we see all kinds of agreements being signed. So this data will be shared in some manner as companies maintain distinct brands while sharing common under the hood technology to increase efficiency.
    31 Jul 2013, 11:32 AM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >LabTech ... "... in about three years they should be done evaluating." I think your wrong. Batteries made of NiZn are not an exotic chemistry at all and don't possess properties that vary much from LAB or Li-on. They just store energy. What their charge & discharge characteristics are I don't know.

     

    I don't think it will take anything like as long as Axion has had to endure because NiZn is basically a drop-in replacement and interchangeable component. The properties are well known and the design parameters are (within limits) the same as what engineers have been designing to for a century. Nobody at Peugeot is sticking their head out very far on this. OTOH, if BMW or other OEM goes with a capacitor solution, say, Maxwell or Axion, if it doesn't work the whole system is junk with no hope of an interchanging a solution.

     

    Look for a market-ready solution within 18 months if deemed worthwhile.
    31 Jul 2013, 11:41 AM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    It's important to remember that PSA Peugeot Citroen is the only automaker to use the Continental - Maxwell system in production vehicles. While I don't see NiZn as a threat to the PbC, I'm not sure I'd feel the same way if I was hawking an AGM-supercapacitor combination.
    31 Jul 2013, 11:47 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    DRich, I'd caution in one area concerning the time required to bring NiZn to market. Durability. It's been tested in the past and not fared so well. And while they can replace NiZn with an alternative nobody wants to put 200-300 USD batteries in their vehicles and start replacing hundreds of thousands of them due to premature failure.

     

    I don't know the time frame to test this as it will depend on what has occurred already and the confidence level the French will want based on this chemistry. Maybe 18 months but I'd be very surprised unless there has already been a dependable level of testing that has already occurred.
    31 Jul 2013, 11:56 AM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >JP ... I certainly can't say, with any authority, that the PbC will work better across a broader set of price points in an automakers model line-up, but I'm fairly sure it would (hopefully will). I am also fairly certain that AGM-supercapacitor combination won't go well in the lower-end models. Maybe Peugeot is looking at this along with a secondary solution if the AGM fails in the upper-end models. One part for several solutions. I really can't think that the Maxwell supercapacitor will fail in any category except price.
    31 Jul 2013, 12:01 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    07/30/2013: EOD stuff partially copied from instablog (up already).
    # Trds: 97, MinTrSz: 150, MaxTrSz: 54000, Vol 480800, AvTrSz: 4957
    Min. Pr: 0.1651, Max Pr: 0.1788, VW Avg. Tr. Pr: 0.1690
    # Buys, Shares: 44 202647, VW Avg Buy Pr: 0.1700
    # Sells, Shares: 53 278153, VW Avg Sell Pr: 0.1683
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:1.37 (42.1% “buys”), DlyShts 144869 (30.13%), Dly Sht % of 'sells' 52.08%

     

    Daily short sales volume and percentage moved back to the range I consider “normal” in the long-term. This is good, IMO, and is consistent with past behavior after big spikes up. What will be interesting, to me, to watch is where the low percentage gets to again over time. If the established trend holds, we should see no lower than ~10% near-term. Longer-term I expect that to rise to around 15% or so, with some infrequent exceptions.

     

    Week end & this week's daily estimated values (older dailys in prior EOD posts) for next share issue:
    06/14: 20 lowest intra-day VWAPs in 40 days avg, $0.2315, x 85%: $0.1968 Wk cls VWAP $0.2122
    06/21: 20 lowest intra-day VWAPs in 40 days avg, $0.2176, x 85%: $0.1850 Wk cls VWAP $0.1751
    06/28: 20 lowest intra-day VWAPs in 40 days avg, $0.1956, x 85%: $0.1663 Wk cls VWAP $0.1474
    07/05: 20 lowest intra-day VWAPs in 40 days avg, $0.1805, x 85%: $0.1534 Wk cls VWAP $0.1518
    07/12: 20 lowest intra-day VWAPs in 40 days avg, $0.1657, x 85%: $0.1408 Wk cls VWAP $0.1403
    07/19: 20 lowest intra-day VWAPs in 40 days avg, $0.1539, x 85%: $0.1309 Wk cls VWAP $0.1543
    07/26: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295 Wk cls VWAP $0.1555
    07/29: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295
    07/30: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295

     

    Vol, in K, for above weeks: 4,356, 1,934, 3910, 1,217, 2902, 5041.
    Vol, in K, for above days: 921.83, 480.80.

     

    Notice we again have a short-term flat 85% price. If we can hold a VWAP >= $0.1622, we can hold this 85% price tomorrow too.

     

    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: -15.8%, -96.2%, 0.8%, -3.7%, 0.1%, -0.9%
    5-day change: -7.2%, -20.2%, -7.0%, -20.8%, -7.4%, 48.6%
    5-day rate of change change: 813.3%, -29.2%, 40.6%, -21.1%, -8.6%, 120.6%

     

    On my newer inflection point calculations, for those same periods:
    1-day change: -33.4%, -98.9%, -20.8%, -24.3%, -11.1%, -24.5%
    5-day change: -96.0%, -109.3%, -163.7%, -1234.8%, -244.5%, -22.7%
    5-day rate of change change: -54.8%, -5111.1%, -8.3%, -38.6%, -23.4%, 18.3%

     

    My original experimental inflection point calculations, sensitive only to buy:sell and volume, are still showing short-term positive readings in the 5 and 10-day periods, 323.24 and 2.81 respectively. We'll have to see if the pattern of the chart firms up by affecting the longer-term periods sufficiently to make the pattern I watch for in them. Those longer-term metrics are still quite negative, but a couple are beginning to show improvement.

     

    The newer version, incorporating other factors, is presenting a similar short-term picture with the 5 and 10-day periods still being positive at 53.40 and 0.45. It's less positive ATM than the original calculations. Yesterday I said “If today's behavior is even weakly sustained, we're seeing a pattern develop on the charts that would suggest we're starting to rise longer-term. I'd like to see the 25-day get over zero and the longer-term metrics continue to improve though. I am, however, cautious at this point as I believe, as MrI and I surmised, this is a “Forbes Effect” and I don't know how long it may last and what effect the coming share issue, around 8/6 (?) may have”. Nothing has changed IMO.

     

    Yesterday I said “If the new shares aren't issued until 8/6, I expect we'll see some increased fails to deliver for this period (as has been seen in my fails to deliver charts, which has been showing increased consistency since mid-May), ...”. I want to highlight this as the latest update is beginning to show some consistency, not seen since the last of the “Old Big Uglies” were suspected to be in the market. The volumes and consistency aren't there yet, but the consistency is approaching that previously seen.

     

    Check the bottom two charts here http://seekingalpha.co....

     

    The buy:sell weakened a bit today, but is not yet concerning. It's in a compleatly normal range, as suggested by the averages, all also back into normal ranges.

     

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

     

    HardToLove
    31 Jul 2013, 09:05 AM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    Wow, I missed congeniality by a mile today.
    31 Jul 2013, 09:15 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    John, I was going to place your smiling face there again but I figured you're getting sick of wearing the same attire! ;)

     

    I sure didn't have a personal chance of getting a medal. Those spots disappear like money dropped on the street.
    31 Jul 2013, 09:48 AM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    John,
    That is what you get when you don't have to get up at 6:30 am to get your five year old ready to catch the bus to school.
    31 Jul 2013, 12:19 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    I was up and working hard on other matters.
    31 Jul 2013, 12:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    New MM appears today, pushing the bid up a wee bit to $0.168 before ATDF does the usual two-step over him. Welcome to VERT! Maybe some more Forbes readers? Let's see if they stick and how they behave. Maybe some competition for ATDF.

     

    HardToLove
    31 Jul 2013, 09:35 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Heven't seen VERT much for awhile, but I'm really liking the 110k best bid by ATDF.

     

    Update: Been moving the size around, though. Started as 80k, then eventually hit 120, now down to 10. Wacky world of AXPW. Round-tripper. :^P Shook the tree but nothing fell out.
    31 Jul 2013, 10:19 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Mr. I, Wacky indeed. Compare the level of activity between Monday and Tuesday.
    31 Jul 2013, 10:25 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    iinde, I think that can be explained by the "Konrad Forbes effect", as well as the decline in volume thru this morning so far. The effect has worn out.

     

    It's real early, but maybe the buyers are waiting to see what the PIPErs do w/ their upcoming shares, and the PIPErs are either out of selling ammo or just not very interested in selling here. ATDF is often the tree shaker in 10k increments. The 120k was something else entirely I guess, just not sure what. Would love to know what the heck is going on behind the curtains. Maybe those bid shares come back in higher.

     

    But the most entertaining was the bid at 16.01 for x0,069 shares. The x moved around, too. I wonder who THAT joker was, lol. ;^> Looks like I hold the record for the largest bid (all the shares), the smallest (one), and the most insulting, as well as the shortest post here (.). I think I'll go for the luckiest bid (7,777).
    31 Jul 2013, 10:35 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Note to self: nailed it.
    31 Jul 2013, 10:53 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    The ATDF bid going up in 10k increments is back, at a higher price (16.92) but lower volume (50k currently). No seller has hit yet at this higher price, either. A continuation of the NBUs looking like they're either out of ammo or not very interested in selling at these prices.

     

    Update: just bumped up in 10k chunks to 100k.
    31 Jul 2013, 03:09 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Update: that bid backed down in 10k increments and is now gone. Then 10k at 16.93.

     

    Not sure what these two round trips mean. Maybe just probing the selling interest.
    31 Jul 2013, 03:41 PM Reply Like
  • 12100606
    , contributor
    Comments (86) | Send Message
     
    The .1693 at ATDF is not masking the 100k at .1692?

     

    Now .17
    31 Jul 2013, 03:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    YoYoMama: It was - 110K at $0.17 just showed up. Apparently a snap decision was made to up the bid.

     

    HardToLove
    31 Jul 2013, 04:00 PM Reply Like
  • 12100606
    , contributor
    Comments (86) | Send Message
     
    That was amazing to watch
    31 Jul 2013, 04:00 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Update: one more time, eventually up to 110k shares at 17 cents. Didn't get hit. Ended the day there.
    31 Jul 2013, 04:01 PM Reply Like
  • 12100606
    , contributor
    Comments (86) | Send Message
     
    I know. I saw 100K at .1692 about 10 minutes or so before that. Then .1693 covered it up. You think it was the same buyer upping the bid from there, right?
    31 Jul 2013, 04:08 PM Reply Like
  • 12100606
    , contributor
    Comments (86) | Send Message
     
    HTL. How does one write an order to move up the bid by 10k increments every 10 seconds to the higher price? I wouldn't know how to write one like that. Maybe that is one of the advanced options on a trading platform?
    31 Jul 2013, 04:22 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    YoYoMama: AFAIK, us retailers can't do that. Computer platforms for the MMs and HFT and Algo folks can.

     

    What we can do is have trailing buy or sell stops. But we're still just followers then. I've used them to good effect, but not when the stock is not behaving the way I prefer.

     

    Also, you can write conditional orders that respond to things the market does. But unless one has lots of reasons to put control into one of those and some confidence as to what you're doing I'd stay away from them.

     

    HardToLove
    31 Jul 2013, 04:52 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Mr.I, Your theory on the "Konrad Forbes effect" is as good as any.

     

    Can't speak for the 120k block. No idea what that means. Maybe a mistake? Don't have level 2 so can;t say if it's been moved to another price point.

     

    As for the PIPErs. They are bad all the way around. Some people that might be interested in the Axion tech. and story wouldn't touch it just due to the smell of the PIPE. Can't say that I blame them. JMO.
    31 Jul 2013, 10:45 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    The KF Effect: I've seen decisions being made over the weekend by retail a lot . Read the articles, stew on it a bit, then buy on Monday. Might even explain the 60k purchase at 19.5 cents at the open---a mkt order that the MMs just matadored away at a silly high price.

     

    The 120k block started at 80k, then 100, 110, 120, then back down until it eventually went away and ATDF was left with their standing 10k. I don't have Total View, and no one else here has ever said they have it, either, so don't know if the shares just changed price, but I doubt it. I'm going w/ shaking the tree theory.

     

    Beware the PIPE, for sure, but some percentage of folks will conclude the price is so low it's worth a flyer, and some will agree with those that think the PIPErs are done pummeling the price (economically, those buy decisions are equivalent to the decision to hold being made by those here, so it's no surprise that out of the hundreds or thousands that read the articles some decent number would brave the concerns and buy in). I think the next couple of weeks will be a decent tell about that.
    31 Jul 2013, 11:01 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Mr. I, Can't argue any of your points regarding the possibility of trying to push the price up or the fact that some will see the effect of the PIPErs as a time to take a position in Axion.
    31 Jul 2013, 11:17 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Iindelco: "Can't speak for the 120k block. No idea what that means. Maybe a mistake? Don't have level 2 so can;t say if it's been moved to another price point."

     

    Even if you had L2, you can't always tell. What happens is only the best bid or ask from any given MM is shown, So if ATDF bids $0.17Kx120K and someone else using ATDF bids $0.1701x5K, you can't see if the 120K moved, went away or is just masked.

     

    When the 5K gets taken, the original *may* reappear and then you know. But not before. And it may not reappear either - another 10K @ something better may get there before you see the present of 120K again.

     

    HardToLove
    31 Jul 2013, 11:30 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    iinde, a series of lil ads in the WSJ by each PIPEr saying they intend to hold and we'd see the price quickly rebound back to 25 cents, IMO. 8^}

     

    Or they could say the same thing at the shareholders' mtg. Not counting on it, but, man, that would be helpful.
    31 Jul 2013, 11:31 AM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (114) | Send Message
     
    Ima wonderin if

     

    The actual print magazine has arrived at the homes of all the older people who have lotza money and haven't got around to reading it yet.

     

    Is the online version not published till all Home receipiants have got their's?
    31 Jul 2013, 11:35 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Are the Konrad articles even in the print magazine?
    31 Jul 2013, 11:45 AM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    I don't know whether Forbes.com blog entries make it into the print edition since I haven't seen one of those beasts in 15 years.
    31 Jul 2013, 11:48 AM Reply Like
  • magounsq
    , contributor
    Comments (967) | Send Message
     
    Re "...Forbes.com...print version beast...Konrad..."
    I do still read...no sign of TK.
    31 Jul 2013, 05:58 PM Reply Like
  • Tom Konrad, CFA
    , contributor
    Comments (953) | Send Message
     
    The short answer is "no." They do have the right to reprint them there, but I'm not really expecting it.
    2 Aug 2013, 01:16 PM Reply Like
  • raleigh731
    , contributor
    Comments (281) | Send Message
     
    Be nice if some of the Forbes readers become converts! The more axionistas, the better. I'm wondering , and planning on taking advantage of, any price drop around the next share issue. Seems to me a good time. It brings out anxiety, and my greed will kick in dreaming of many multiples over the buy amount...and lower my over-all price in the process. Thanks to all for sharing thoughts on this concentrator. I stopped in on the Ya"fool"dle board and the conversation there, besides being vitriolic, seemed very un-intelligent! I wanted to get another perspective....but that's not the place for it!
    31 Jul 2013, 12:24 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    This older presentation has some efficiency data comparing diesel RTG cranes to hybrids. FYI.

     

    "JMEOPERATING AND CYCLE LIFE PEFORMANCE OF PbO2/H2SO4/C ELECTROCHEMICAL CAPACITORS"

     

    http://bit.ly/1cenGZe
    31 Jul 2013, 01:30 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Expecting high daily short sales again today, but not like Monday. Maybe 30%+?

     

    Through 13:53 VWAP $0.1725, buy:sell *estimated* 4.5:1.
    Actual through 13:06 2.63:1.

     

    EDIT: Looks like we'll see our first *increase* in the 85% price today?

     

    HardToLove
    31 Jul 2013, 02:01 PM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (114) | Send Message
     
    HT Love

     

    How does one aquire daily Short statistics?

     

    Thanks to Magounsq for the Forbes hard copy info.

     

    and Champion Spark Plugs a Delco product? In delco?
    1 Aug 2013, 08:32 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Snowboard: for OTC stocks http://bit.ly/tdnpMf

     

    For others there's several exchanges that currently deliver a total of twelve files.

     

    HardToLove
    1 Aug 2013, 08:42 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Snowboard, That was AC Delco. There were a few different divisions. Delco stands for Dayton ELectric COmpany which GM bought at one time. IIN was the stock symbol for ITT Automotive. I never updated subsequent to that tenure. So it doesn't mean "I in Delco". ;)
    1 Aug 2013, 10:30 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    I’ve been thinking about the request to increase the number of authorized shares from 200M to 350M. In short, I’m currently leaning against giving Axion/TG this authorization. The following is some of my own thoughts and reasoning. I would be most interested in getting feedback and/or challenges to any of this.
    .........................

     

    My first gut reaction to this request was “Why?”. Why are they requesting an authorization to 350M shares? I don’t know. Does anybody else know? Has it been explained in some manner, and I’ve just missed it? I understand that part of the PIPE financing deal required Axion seek to increase the number of authorized shares from 200M to 300M, but how did this extra 50M to 350M come into play, something that strikes me as only being more dilutive. Perhaps more importantly, why such a large request from 200M to 300M in the first place?

     

    Thinking about this reminded me of the TARP request for $700B that was made by Secretary Treasury Paulsen back in 2008 when the financial crisis hit. I remember thinking at the time, why $700B, why not $485B, or $822B, or some other number that might indicate reasonable calculations were made to come up with an appropriate number. I subsequently read an account where he and a very small cadre of associates essentially pulled a number out of thin air [$700B] and then asked for virtually unlimited discretion in how it would be used. — I’m not sure if this is a completely relevant analogy, but it colored some of my subsequent thinking.

     

    Regarding the 200M to 300M clause in the PIPE contract, that would have been an extra 100M shares ON TOP OF the roughly 87 million authorized shares already available to fund the PIPE deal. Why would they EVER expect to need EVEN 87M shares, much less 187M shares? Just a cursory look makes it appear that 87M shares would fund $9M in financing at roughly .10/share. And the PIPE investors were not comfortable with this number??? Looking back, it now appears this should have been a red flag for all of us, because it seems the PIPE negotiators were completely aware of how the pps could collapse for existing shareholders.

     

    I now have to assume Axion and TG did as well, which is why they agreed to the stipulation they request a VERY large increase in authorized shares. I compare that to most shareholders who likely have but a limited understanding of PIPE transactions, and could have hardly imagined how it might result in the collapse of the pps to .10 or so. Almost incredulously, that possibility has now become part of our lexicon.

     

    This all made me think about the responsibilities CEOs have regarding communicating honestly and openly with shareholders. A couple years ago or so, the CEO of Cisco, on a conference call, acknowledged that the poor results from the past couple quarters, and the rather dismal forward guidance, had to do with he and top management not being as aware of market forces, and not being as innovative and as they should have been. A CEO apologizing? It seems almost unheard of, but I have to assume his apology probably went a VERY LONG way in convincing investors he was taking responsibility for the company’s performance, and was holding himself accountable to move things in a more positive direction.

     

    I think this contrasts quite sharply with TG’s style. Instead of being forthcoming about just what a toxic financing arrangement he apparently felt compelled to participate in [and I acknowledge he most likely had very good reasons for doing so], he appeared instead to try to “put lipstick on a pig”. He’ never apologized for the ensuing collapse of the pps, or acknowledged just how detrimental it was to existing shareholders. It’s not the kind of performance that engenders a lot of trust. — And now he wants to increase the number of authorized shares to a number that on the surface, seems totally unreasonable, with the implicit accompanying message of “trust me”.

     

    Before I give my own approval for this, I would like to know a few specifics. 1) Why do you need such a large authorization? Specifically, why did you agree to request an additional 100M authorized shares to 300M to begin with, and why do you now believe you need an extra 50M on top of that? — And 2) Why should we trust you, especially since you’ve not been forthcoming about a number of critical issues in the past. Unfortunately, as much as I would like to trust that there are valid reasons for this request, I don’t. — It seems there’s plenty of authorized shares to fund the PIPE deal for many months to come, especially if the share count were to be increased to 300M as the contract stipulates. Why the request for an additional 50M --- AT THIS TIME?

     

    Perhaps I’m wrong in expecting TG to talk more forthrightly [and honestly] to existing shareholders, many of whom have large amounts of money tied up in Axion. Am I holding TG to an unrealistic standard? — Please feel free to blow holes in any number of my points. I would love to be given credible points of view that would help me better understand this latest authorized share request.
    .........................

     

    Here’s the part of the contract that discusses increasing the number of authorized shares:

     

    ... providing for the Company's increase the authorized shares of Common Stock of the Company from 200,000,000 to at least 300,000,000 ... and the Company shall use its reasonable best efforts to solicit its stockholders' approval of such resolutions and to cause the Board of Directors of the Company to recommend to the stockholders that they approve such resolutions. The Company shall be obligated to seek to obtain the Stockholder Approval by the Stockholder Meeting Deadline. If, despite the Company's reasonable best efforts the Stockholder Approval is not obtained on or prior to the Stockholder Meeting Deadline, the Company shall cause an additional Stockholder Meeting to be held once in each of the three subsequent calendar quarters thereafter until such Stockholder Approval is obtained. If, despite the Company's reasonable best efforts the Stockholder Approval is not obtained after such subsequent stockholder meetings, the Company shall cause an additional Stockholder Meeting to be held semi-annually thereafter until such Stockholder Approval is obtained.
    31 Jul 2013, 02:33 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (866) | Send Message
     
    Didn't have time to read your entire post, but I think part of the reason for issuing the extra shares is warrants. The PIPERS get a sweet deal on warrants and you can't issue warrants for shares that are not authorized.
    31 Jul 2013, 02:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    WiO: Good thoughts. I've been wondering as well and haven't come up with anything other than "shares in the bank just in case we need 'em".

     

    Now, if they knew they had a big ramp coming and would need more funding and didn't feel that it could be funded with cash flow and/or debt ...

     

    HardToLove
    31 Jul 2013, 03:09 PM Reply Like
  • jveal
    , contributor
    Comments (652) | Send Message
     
    WiO,
    I believe NGS and HTL have hit the main reasons for the higher request for more shares.

     

    The drop in pps let the board know that they would have to be ready to cover the high side of shares issued for the PIPE. The warrants will require more shares. The rest would be to have some shares in reserve to be able to finance a rapid ramp up in production capability.

     

    I am ready to approve the shares, but I expect to hear a full explanation for the need by TG at our next CC. We should soon be hearing an announcement for the call which I believe should be around Aug. 15.
    31 Jul 2013, 03:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    It increasingly looks like 200million shares is not going to get Axion enough shares to pay the PIPE gang their notes, interest, and warrants. 300,000,000 shares probably will, but then again, 350,000,000 shares may well be needed just to fulfill the PIPE gang's notes, interest, and warrants, if the price goes where Konrad thinks it might go. $.05 per share changes everything.

     

    Some folks believe Konrad is all wet, and this just won't go that route, but the BOD seems to view the possibilities in a different light. . .

     

    If asked I am sure the BOD will tell us that the idea is for 350million shares to cover this round of funding AND the next round which will follow. In that case we can only hope that the next round is a lot FEWER shares for a lot HIGHER price.
    31 Jul 2013, 03:32 PM Reply Like
  • D-inv
    , contributor
    Comments (3890) | Send Message
     
    "350,000,000 shares may well be needed just to fulfill the PIPE gang's notes, interest, and warrants,"

     

    One might surmise that the proposed 50 million shares over and above the 300 million stipulated in PIPE contract implies the BOD anticipates payment of interest in shares.

     

    Generation of revenue through sales is an obvious alternative source of funds to meet interest obligations as well as support for share price. The APC participant identifying their self as Ed Buiel, former Axion CTO, who should be as knowledgeable of PbC technical performance capabilities as any, has questioned why sales have not been forthcoming by this time. If the technology is not the problem something else is, and that something else most definitely includes company marketing policies.

     

    IMO, Axion Power International has made it thus far as much on the back of John Petersen's intellect and writing labors as on those of Axion management. AXPW shareholders in general can help JP realize his goals for Axion by stepping to the plate and shouldering some sales promotion. That sales promotion effort would benefit from more aggressive marketing by Axion to a more robust range of target OEMs and end-users.

     

    Several weeks back (using spreadsheet data compiled and shared on the APCs by JP), I guesstimated that Axion might achieve breakeven on sales of roughly 1,000 Axion manufactured PbCs per month or 50 PbCs per day. To paraphrase a famous politician ($1 billion here and a $1billion there and pretty soon you're talking about real money), a few batteries here and a few there and pretty soon one is talking about a much bigger number.
    31 Jul 2013, 04:51 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    Appreciate the rant WIO.
    31 Jul 2013, 02:50 PM Reply Like
  • Valleywood
    , contributor
    Comments (649) | Send Message
     
    Interesting NS article. I had no idea this had been done. Have spent many hours professionally and personally at the Forest. Interesting.

     

    http://bit.ly/15cdOw3

     

    did this work?
    31 Jul 2013, 03:32 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Valleywood, worked. Thanks.
    31 Jul 2013, 03:43 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    VW: Worked fine.

     

    HardToLove
    31 Jul 2013, 03:44 PM Reply Like
  • 12100606
    , contributor
    Comments (86) | Send Message
     
    I think this is the best part ---

     

    "Will Haynie, executive director of the Lowcountry Open Land Trust said, “This is one of the finest acts of corporate citizenship in the history of our state. Not only has Norfolk Southern been a good steward of these thousands of acres for more than 160 years, but they also are good neighbors by forever preserving the rural character of this community. The gift will benefit the residents of South Carolina for generations to come.”
    31 Jul 2013, 04:56 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    RE: "IMO, Axion Power International has made it thus far as much on the back of John Petersen's intellect and writing labors as on those of Axion management. "

     

    >D-Inv --- More so in my book.
    31 Jul 2013, 05:11 PM Reply Like
  • Valleywood
    , contributor
    Comments (649) | Send Message
     
    I believe if it were not for JP not only would the share price have tanked, but we wold not even have made PIPE financing. If we manage to wade through this morass (and I'm convinced we will) we owe him big time and the company owes him more. Without JP, the company would have no face or stature to lose in the public eye.

     

    I may regret writing this, because when the ship comes in, in my particular case, John will hold me accountable.
    31 Jul 2013, 06:20 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    I have given a public voice to Axion's technical accomplishments, but the credit for a story worth telling lies with an extraordinary team of managers, scientists and engineers who have taken the PbC from a crude laboratory prototype in 2003 to a manufactured product that performs better than the original in 2013.

     

    When my eldest was a toddler I kept a sign on her door that said "Be patient, God isn't finished with me yet." Over the last ten years Axion has developed an extraordinary battery technology with a huge investment of time, effort and money. The company and the technology are still maturing and growing stronger by the day as some of the biggest industrial and transportation companies in the world prove the PbC's unique performance characteristics in their own laboratories.

     

    Just as I wouldn't judge an adolescent human by adult standards, I can't judge a transition stage company by the standards I'd apply to a mature commercial enterprise. I am a proud parent and I have high expectations for the infant I helped nurture, but maturation takes time and is frequently painful.
    31 Jul 2013, 06:35 PM Reply Like
  • magounsq
    , contributor
    Comments (967) | Send Message
     
    In the meantime, the saga
    continues...wind...STO...
    sun...STORAGE...
    EV sales..."...government emissions mandates..."...and few are listening!

     

    "Since large amounts of electricity cannot be easily or inexpensively stored, it must be generated and delivered ("dispatched") to meet the constantly changing demand for power."

     

    Europe's Renewable Romance Fades
    http://bit.ly/1ecgOIc

     

    "To comply with coming government emissions mandates, which in some regions require auto makers to achieve a certain percentage of sales from electric vehicles, Mr. Reithofer said, "we need about 30% plug-in hybrids and battery electric vehicles for the year 2025."..."

     

    BMW's First Electric Car Is A 'Must' for Emission Rules
    http://bit.ly/1ecgOIe
    31 Jul 2013, 08:12 PM Reply Like
  • greentongue
    , contributor
    Comments (734) | Send Message
     
    "... if the price goes where Konrad thinks it might go. $.05 per share changes everything."
    Can it go to $.05? Wasn't $.10 the trigger for the PIPE killing the company?
    31 Jul 2013, 08:18 PM Reply Like
  • jveal
    , contributor
    Comments (652) | Send Message
     
    GT,
    Ten cents is the price to trigger cash payment plus 25% of the loan for that month's payment. It would prevent more shares being issued that month which would reduce selling pressure. The PIPE investors would be out of shares to sell and might possibly use the repayment of the loan to take shares out of circulation.
    31 Jul 2013, 08:56 PM Reply Like
  • greentongue
    , contributor
    Comments (734) | Send Message
     
    jveal:
    Where would they get the money for "cash payment plus 25% of the loan"?
    Now if sales started happening but didn't move the stock price, "take shares out of circulation" would actually be a good thing. As perverse as the stock history has been, even a NS9999 confirmation will not move the price up for long until the PIPE beating ends.
    1 Aug 2013, 08:20 AM Reply Like
  • jveal
    , contributor
    Comments (652) | Send Message
     
    JP wrote earlier about the details of the money on hand. I don't remember the exact amount but it was several million that Axion had access to with the rest being released at $500,000 a month. Axion could easily pay one or two months of the cash payment. If the stock price did not go up then they would be in more of a pinch.

     

    In relation to stock price rising, I think we all feel pessimistic based on the history of the last few years. However, the stock price is way below what the company and technology are worth. Due to the Forbes article, ePower purchases, BMW and NS 999 announcements, as well as the continuing lurkers on the APC, the word is spreading that the do or die moment is coming for Axion. The pps has shown some strength and appreciation lately as the market absorbed several million shares. We have also seen several lurkers finally come out of the shadows on the APC.

     

    The company could run out of runway before sales take off. That would be disastrous for all current shareholders. But I am hopeful with the recent observations above that the pps will continue to move to more bullish tendencies. I do expect another downturn or two over the next couple on months. But I also believe we will be hearing some more good news before the company actually tanks.
    1 Aug 2013, 08:38 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    As I recall, even the original NS999 order didn't move the needle.
    1 Aug 2013, 09:18 AM Reply Like
  • LT
    , contributor
    Comments (4616) | Send Message
     
    The original order did move the needle, it went from about .35 up to about .45-.50 and that is where the big uglies and last PIPE investors started selling hard into the rally that eventually has led us to trend lower to where we are now (with a few blips up)
    1 Aug 2013, 02:27 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    LT - Take a look at the historical prices:

     

    http://yhoo.it/16JAzUJ

     

    4/25/12 - open at .45

     

    4/26/12 - NS order before bell - open at .44

     

    5/16/12 - open at .38 and begins the long slide.
    1 Aug 2013, 02:51 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    That's exactly my recollection, too, LT.

     

    Interesting to speculate about what would happen this time, as the PIPErs only get their shares in tranches spaced out once a month. AND they have warrants, which the previous PIPErs didn't have. AND I think we have more lurkers than ever before.

     

    The dollar amount they have available to sell is about the same.
    1 Aug 2013, 02:59 PM Reply Like
  • raleigh731
    , contributor
    Comments (281) | Send Message
     
    JP,

     

    By the way, by moving to KY to be close to EPower, you can take advantage of all those profits from Axion and buy a thoroughbred farm, get a colt qualified for the KY Derby and name him....AXIONISTA!!
    31 Jul 2013, 09:40 PM Reply Like
  • Ranma
    , contributor
    Comments (1406) | Send Message
     
    I suggest naming it straight up AXPW, so every time you have to say the tedious name you are reminded of the early struggle here :)
    31 Jul 2013, 11:07 PM Reply Like
  • Pztrick44
    , contributor
    Comments (82) | Send Message
     
    Name him Bio-Carbon and see how much hype he gets at the tracks.
    2 Aug 2013, 11:05 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Pztrick44: He'd get more attention if we named him Methane Emitter.

     

    HardToLove
    2 Aug 2013, 12:39 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    BEV truck
    It's an18 ton truck which is smaller than ePowers

     

    Regional and city routes are the perfect domain for the E-FORCE electric truck. With a range of around 300 kilometers (186 miles), it is the ideal vehicle to distribute goods nationally. During loading and unloading at the depot the truck can be recharged in just a few hours. Thanks to the two 22 kW on-board fast chargers from BRUSA a full charge only takes six hours. In inner-city stop and go traffic the E-FORCE truck benefits from the instant torque of the two BRUSA 150 kW electric motors. This also results in better acceleration compared to standard trucks – all with no emissions and less noise.

     

    The truck has undergone extensive testing in recent months. It has climbed the Gotthard Pass at 2,106 m (6,909 ft) successfully three times, thereby proving the reliability and performance of the BRUSA drivetrain. The reason why the engineering specialists from Designwerk GmbH chose BRUSA as a key supplier for E-FORCE is obvious: in 2010/2011 the team gained lots of experience on their 80-day around-the-world trip in the Zerotracer – a closed-cabin electric motorcycle equipped with BRUSA components. The proven reliability together with the system expertise naturally made BRUSA the first choice for the new E-FORCE truck.

     

    E-Force site for those who read German: http://eforce.ch

     

    For those who want the goolge translation:
    http://bit.ly/134azl4

     

    There is a video which has a drag between the BEV and a diesel.
    Unfortunately the cometary is also in German.
    1 Aug 2013, 12:04 AM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    Big battery promises grid payoff, the largest battery ever built in Europe

     

    http://bit.ly/14FBS4f
    1 Aug 2013, 12:25 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    >Alphameister --- RE: "How is it possible that a company owning a technology that offers big advantages to three separate sectors of the transportation industry, a company intimately involved with several corporate giants in the transport sector, finds it necessary to go hat in hand to vulture capitalists in order to keep its doors open? "
    .........................

     

    Thanks much for your post which included your above comment. The incongruity of this dynamic has been, and continues to be, almost mind-boggling for me. My best guess as to why this happened is because of top management's inability to "put its best foot forward", or put another way, to sell itself and its potential to would be investors / financiers. --- My hope is that the incoming CFO will have as many skills in sales as he/she does in finance, AND, will be exceptionally proactive to do what can be done to mitigate the detrimental effects of the recent PIPE financing.
    1 Aug 2013, 01:54 AM Reply Like
  • greentongue
    , contributor
    Comments (734) | Send Message
     
    -- because of top management's inability to "put its best foot forward",
    I don't see the NDAs going away just because of a new CFO.

     

    Not being able to talk about the actual test results, makes sales of a "too good to be true" product difficult. It has a market that has been perceived as a design limit. Who buys a product for something that "can't be done" until they acknowledge that it can?
    1 Aug 2013, 08:29 AM Reply Like
  • Amouna
    , contributor
    Comments (1456) | Send Message
     
    Sooner or later the NDAs will come to an end and Axion will be free to publish its real-world test results, with the blessing of its partners.

     

    Until then, hold tight and stay on course!
    1 Aug 2013, 08:35 AM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    >WayneInOregon: Let me return the thanks for your "rant" above that questions whether TG has earned our trust in the financial end of running Axion Power. I have had many of the same reactions. I am inclined to send him a strong message that financing deals such as the PIPE deal appear to border on incompetence given the cards he holds.

     

    "Incongruity" is exactly the right word, and I think we need to ask the question whether Axion's prospective business "partners" (and potential strategic investors) have all been unreasonably predatory in their demands, or whether an entrepreneur too much in love with "his baby" has been unwilling to make reasonable concessions despite being surrounded by many powerful entities with a strong vested interest in Axion's success. I, for one, find it very difficult to imagine that the PIPE deal was the best available to a well-managed Axion.
    1 Aug 2013, 12:41 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    Alpha/WIO - Although I choose to believe otherwise, it is within the realm of possibility that we on this board are completely misreading the tea leaves; things are really that bad; and we are far from any real deals or TG has an unrealistic view of what automaker's or battery companies will ultimately pay at this level. (remember AGM batteries first came to market in the 70s)

     

    Such a view would comport with this "disgusting" financing.
    1 Aug 2013, 12:50 PM Reply Like
  • Ranma
    , contributor
    Comments (1406) | Send Message
     
    There is the possibility that all the strategic investors wanted to lock up the product for themselves. Remember they wanted 60% of the company. So, not the auto market but BMW only. Or not the train market but NSC only. That would cap the growth of the company to orders of magnitude smaller than even this PIPE. Not only that, Axion would then run the risk of having the major partner cancel the project and having no alternate customers. As much as we suffered, if this is only a 3 month down period we have to go through, it's worth it.
    1 Aug 2013, 01:06 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    Yes, Stefan, that is the other possible resolution of this incongruity that I keep trying to deny access to my consciousness.

     

    Creativity in the area of battery technology may no longer be the best protection of the value of our AXPW investments.
    1 Aug 2013, 01:12 PM Reply Like
  • D-inv
    , contributor
    Comments (3890) | Send Message
     
    Alph.... I am of the opinion that the best way to send TG "a strong message" of disatisfication with the PIPE financing is to vote against the proposed increase in share authorization to 350 million shares and to nominate alternative candidates for the two board seats on the shareholder ballot at the annual meeting (Granville, Trego are the nominees).

     

    Rick Krementz has already been mentioned if he is willing to be nominated and to serve if elected. Other Axionistas/APC participants that have crossed my mind for possible consideration include apmarshall, HTL, iindelco, Tripleblack, ..... ;-)
    1 Aug 2013, 01:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    D-Inv: As flattering as it is that you mention me, I'm totally unsuitable for many reasons.

     

    But thank you for the thought.

     

    Others you mention certainly have some qualifications I lack and might be very good choices if it came to pass.

     

    However, as another has mentioned, this may not be the time to rock a boat which *seems* to be approaching success, unless we think we are being lied to or the management and BOD are so incompetent that they've completely misjudged the near and medium-term prospects and their outcomes.

     

    I've not any reason to think we are being lied to. I don't know enough to judge the competency. I would feel like the guy with a blindfold on shooting at moving targets - can't hit what I can't see.

     

    There are specific criticisms we can back with what is present though.

     

    MHO,
    HardToLove
    1 Aug 2013, 01:50 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    I think the right time to rock the boat was several months ago, when I sent a letter to the Board. That was pre-PIPE and pre-"BMW is helping us find another supplier to them." And, the procedure to nominate has a long lead time, if I'm reading the proxy thoroughly. Next chance is the 2014 mtg.

     

    Now I think the best ways to act on your concerns is to sell down or out (which is what I did back then) if your concerns are strong enough, or to ask your questions on the CC in a couple weeks and at the shareholders' mtg. IMO trying to block the share increase runs too high of a chance of spooking other holders and those looking to get in and/or add. We need every single purchase we can get, given the heavy potential supply. Venting is healthy but aiming at one's own foot is dangerous.
    1 Aug 2013, 02:13 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    D-inv. I'm also of the opinion voiced by HTL. Flattered but not the resource I would pick for an Axion board position at this stage of their journey. I will also mention, as has been discussed, that having the former CFO on the board during this transitional phase is very important.

     

    I also share HTL's opinion, which others have also expressed, that this is probably not the right time to be turning over the management structure in any significant way. I'm afraid we are so far down the road that we've pretty much already hung our hats having signed on for the "swing for the fences" game plan. We're getting a 1,000 lb tuna or we're eating bait IMO.

     

    One more point I'd like to make. I've read a few articles lately about venture capital and they mention pretty heavily that the purse strings have been pulled tight. Surely this has had an impact on Axion.

     

    Please understand, I'm not looking to make excuses for Axion and the progress they've made. I can assure you they've made mistakes. I just can't, from where I'm sitting, know all the challenges they are up against. Developing and manufacturing new technology in a hard core nuts and bolts type industry is not a game for the faint of heart. I've seen a small but diverse part of it from the inside and it's a gloves off bleeding from the ears kind of sport. One where winning has you scratching your head wondering what you won and what the h$ll you were thinking! :(
    1 Aug 2013, 02:13 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (694) | Send Message
     
    Amouna

     

    Grasping at straws.

     

    Any idea as to how long an NDA would be in effect? Surely there is a cut off date specified?

     

    Maybe results of testing may be published even without the partners blessing?

     

    It seems to me that there must be a definitive cut off date for an NDA. Who knows, the partner might have stellar results but it might not be politically expedient to move forward with the adoption of the PbC technology at the present time. Axion will have invested considerable resources in the testing process. They should be able to publish the results.

     

    My ever increasing frustration is leaking out today.
    1 Aug 2013, 05:03 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    Every NDA I've ever written remains enforceable for at least a couple years after the termination of a relationship. So the last thing we want to see is data from an NDA protected relationship because publication of the data would be tantamount to an announcement that the relationship no longer exists.
    1 Aug 2013, 05:08 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I would support TG for the BOD if he would simultaneously step aside and allow a new CEO to be named, with him serving in the interim period while the search was completed.
    1 Aug 2013, 07:31 PM Reply Like
  • D-inv
    , contributor
    Comments (3890) | Send Message
     
    Mr I, you get props from me on calling the issue pre-PIPE, etc. and I have sold down my position to less than half of what it was in line with one of your suggestions now. Otherwise I disagree with the thrust of your points, and strongly so. Telling "Helicopter Tom" that he has fewer degrees of freedom with the printing press than "Helicopter Ben" is far more likely seen as a positive than as aiming at one's own foot.

     

    HTL, iind ... I think it might be worthwhile to take another look at what I proposed which was to strengthen oversight of corporate executives, not wholesale change in management. Granville et al have accomplished a great deal in enhancing battery quality and scale manufacturing. They have also fallen well short of their own marketing expectations and prognositications. Their product and business development strategy was a sound one -- to a point. It is far from clear they are well suited for developing a broader, more diversified demand base.
    1 Aug 2013, 07:54 PM Reply Like
  • D-inv
    , contributor
    Comments (3890) | Send Message
     
    Attractive suggestion, trip.
    1 Aug 2013, 07:55 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    Sell your shares if this is what you think.
    1 Aug 2013, 07:57 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2173) | Send Message
     
    Amouna, some (most) of the NDA restrictions are due to current management restrictions, not those of partners. Major players (NS, BMW, and perhaps some other unknowns) do not want their names bandied about. AFAIK, product specifications and objective, repeatable test results that do not identify the customer are withheld by Axion management request.

     

    As greentongue wrote, a new CFO is not going to change management policy regarding actual test results.
    1 Aug 2013, 10:21 PM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >Rick Krementz ... Thanks for that. Withholding such data doesn't make a lot of sense. My assumption would be that Axion is extended with their existing customer base and can't handle more than they already have. The idea here would be to reject customers and 'cherry pick' through what is apparently an overwhelming interest compared to the ability to service customers.
    1 Aug 2013, 10:57 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (866) | Send Message
     
    I had the idea of nominating alternative board members a couple of concentrators ago. The idea was poo-pooed by JP.

     

    Instead of hassling with nominating our own new members, I am just going to vote against their candidates. There probably won't be enough no votes to keep them out, but maybe enough to send a message that we are not happy.

     

    I decided I am going to vote yes on the shares because what other choice do we have at this point?
    2 Aug 2013, 09:54 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    07/31/2013: EOD stuff partially copied from instablog (up already).
    # Trds: 65, MinTrSz: 150, MaxTrSz: 40000, Vol 499310, AvTrSz: 7682
    Min. Pr: 0.1680, Max Pr: 0.1748, VW Avg. Tr. Pr: 0.1714
    # Buys, Shares: 33 270950, VW Avg Buy Pr: 0.1729
    # Sells, Shares: 32 228360, VW Avg Sell Pr: 0.1697
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1.19:1 (54.3% “buys”), DlyShts 170750 (34.2%), Dly Sht % of 'sells' 74.77%

     

    Daily short sales volume and percentage moved back to the range I consider “normal” in the long-term. This is good, IMO, and is consistent with past behavior after big spikes up in this metric. What will be interesting, to me, is where the low percentage gets to again over time. If the established trend holds, we should see no lower than ~10% near-term. Longer-term I expect that to rise to around 15% or so, with some infrequent exceptions.

     

    Week end & this week's daily estimated values (older dailys in prior EOD posts) for next share issue:
    06/14: 20 lowest intra-day VWAPs in 40 days avg, $0.2315, x 85%: $0.1968 Wk cls VWAP $0.2122
    06/21: 20 lowest intra-day VWAPs in 40 days avg, $0.2176, x 85%: $0.1850 Wk cls VWAP $0.1751
    06/28: 20 lowest intra-day VWAPs in 40 days avg, $0.1956, x 85%: $0.1663 Wk cls VWAP $0.1474
    07/05: 20 lowest intra-day VWAPs in 40 days avg, $0.1805, x 85%: $0.1534 Wk cls VWAP $0.1518
    07/12: 20 lowest intra-day VWAPs in 40 days avg, $0.1657, x 85%: $0.1408 Wk cls VWAP $0.1403
    07/19: 20 lowest intra-day VWAPs in 40 days avg, $0.1539, x 85%: $0.1309 Wk cls VWAP $0.1543
    07/26: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295 Wk cls VWAP $0.1555
    07/29: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295
    07/30: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295
    07/31: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295

     

    Vol, in K, for above weeks: 4,356, 1,934, 3910, 1,217, 2902, 5041.
    Vol, in K, for above days: 921.83, 480.80, 499.31.

     

    Yesterday I said “Notice we again have a short-term flat 85% price. If we can hold a VWAP >= $0.1622, we can hold this 85% price tomorrow too”. Well done crew! If it goes a bit longer, we'll see the 85% price improve. But we do have share issuance coming and the financiers may control the action.

     

    With price and volume holding up well, maybe they will let it run a bit. Volume in thousands:
    $0.1808, 477.76
    $0.1622, 1141.07
    $0.1555, 638.00
    $0.1709, 921.83
    $0.1690, 480.80
    $0.1714, 499.31

     

    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: -19.8%, -1290.1%, 15.5%, -0.4%, 1.7%, 2.4%
    5-day change: -14.2%, -20.4%, 10.5%, -41.6%, -4.0%, 181.2%
    5-day rate of change change: 19.9%, -24.4%, 25.0%, -41.4%, -11.0%, 530.9%

     

    On my newer inflection point calculations, for those same periods:
    1-day change: 3.9%, 5723.7%, 36.8%, 16.2%, 14.4%, 24.5%
    5-day change: 631.7%, 235.4%, 158.0%, 41.8%, 45.0%, -8.6%
    5-day rate of change change: 70.3%, 63.4%, 81.3%, 59.6%, 57.4%, 47.9%

     

    On my original experimental inflection point calculations, the 10-day period has dropped below zero again, as you might have suspected from the one-day change of -1290.1%. The 5-day is still positive at 259.38 but is also weakening.

     

    The newer version, incorporating other factors, is presenting a different short-term picture with the 5 and 10-day periods more positive than yesterday at 55.48 and 26.15. From the change readings above you can see that the newer version is telling a much more positive story than the original calculations. There's not a single negative change shown. I believe on this chart the indication is not just reduced weakening, but strengthening for the moment, because short, medium and long-term periods are all improving.

     

    The buy:sell strengthened a bit today. It's in a completely normal range, as suggested by the averages, all also back into normal ranges.

     

    Prior to the late-day weakening, which began at 14:10, we had an insane 4.5:1. Normally this can not hold and at 14:10 ATDF, ARCA and NITE took turns on lowering the ask from the $0.174x range down to $0.17. In less than twenty minutes the buyers saw the change and started lowering the bids from $0.1701/2 to as low as $0.169. Not a big change you say? Well, big in relation to what may have happened if the sellers had more patience.

     

    Average trade sizes are in an up trend. Generally, the averages are back into the range seen before the financing took control and moved us rapidly down to the $0.13 price area, cutting the pre-finance price approximately in half.

     

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

     

    HardToLove
    1 Aug 2013, 08:38 AM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (114) | Send Message
     
    Why would TG mention the grant as a possible funding source in the last conferance call and then not get the application in before the deadline? How much money was involved? Was the copy machine at the New Castle Staples broken?
    1 Aug 2013, 08:39 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Hey Snowboard,

     

    Not sure what you're referring to. Was something about this discussed on the APC recently?
    1 Aug 2013, 09:46 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    WayneIO (Just in case you take up rapper karaoke. A good stage name!), I think Snowboard is commenting about a statement I made. I was lamenting about Axion putting in the paperwork for the grant on the last day. It was my opinion that this is not wise given government efficiency. Risk of missing a date stamp. Not good given the importance of the opportunity.
    1 Aug 2013, 10:46 AM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (114) | Send Message
     
    Correcto Mundo ID!

     

    Wayne the transcript for that conference call is here on Seeking Alpha.

     

    Champion ah believe were da best Plugs at one time.

     

    I'm boggen down and thinken new plugs and wires would help.

     

    55,000 miles and over 6 years + no name gas or Hess
    1 Aug 2013, 05:59 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Snowboard: I recommend Bosch Platimum+4 plugs.

     

    Mileage will likely improve marginally and you probably won't ever have to replace them. Had them In my '85 'Vette and after ~80K miles when I sold the car to my neighbor I told him to have his mechanic check 'em because they'd been in there so long.

     

    He told me his man said they looked like new.

     

    HardToLove
    1 Aug 2013, 06:03 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2173) | Send Message
     
    While submitting the application on the last day does not sound reassuring, there is no evidence (that I know of) that the application failed because of a late date stamp or bureaucratic mishap.

     

    Secondly, I question the importance of the grant. Some here feel that the potential grant was a huge opportunity. However, often government grants take so much time and paperwork, and have so many restrictions, that there is negligible true benefit to the recipient. I have not been following the grant story close enough to have a strong opinion, though.
    1 Aug 2013, 10:30 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    RK -

     

    Awhile ago, I postulated that the testing that was contemplated by the grant had really already been completed. Since mgt refuses to provide meaningful communication, my real interest lies in getting my hands on the application or if it had been awarded, the next application.
    1 Aug 2013, 10:37 PM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >Stefan Moroney ... Good luck on doing that. Your curiosity is shared by many ... I'm sure ... like me.
    1 Aug 2013, 11:00 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    You got that right, RK!
    2 Aug 2013, 03:38 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    MAXM joins the fray today (alliteration!) with a pre-market bid @ $0.17. This'll drive ATDF crazy! :-))

     

    HardToLove
    1 Aug 2013, 09:27 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Good to see MAXM there at the best bid of 17 cents.

     

    And PERT starts off the day with 284,400 bid just under that, at 16.87.

     

    So we've got at least 330k bid at 16.75 and 1/2 that at 18 cents. Wonder who caves?
    1 Aug 2013, 09:32 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Yep. But then ARCA, PERT and ATDF cap upside with 146K aggregate offered at $0.18. ATDF 101K of that.

     

    <*sigh*>

     

    HardToLove
    1 Aug 2013, 09:39 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Just another sign that either the PIPErs are running low of shares to sell until they get more, or they are getting more selective in price. Otherwise, they would have already hit the at least 340k shares that are bid at 16.75 and above. Why pass that up if you're in a hurry to sell? They didn't hesitate in June.

     

    Of course, the Dr Evil theory is that the 284k share PERT bid is fictitious, and just meant to prop up the price while the NBUs sell. Not seeing the second part of that, though. In June, they wouldn't have waited for squat.

     

    And NITE, MAXM and BTIG wouldn't be on the best bid. Those were 3 of the 4 Horsemen of the Axpocollapse.

     

    But it's very early. Thinks can change in a hurry. Just that these are continued good signs.
    1 Aug 2013, 10:08 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    MrI: "Of course, the Dr Evil theory is that the 284k share PERT bid is fictitious, and just meant to prop up the price while the NBUs sell"

     

    I've been wondering the same about the ATDF 100K+ bids that started appearing a while back.

     

    HardToLove
    1 Aug 2013, 11:01 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Ok, so now we have over 520k shares bid at 16.75 and above, and the offerees still won't drop in much volume.
    1 Aug 2013, 11:16 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    HTL, me, too. It's been working, at least a little. Over 400k shares traded so far today, all >= 17 cents, and we're only halfway thru the trading day.

     

    And funny how we're still (since the PIPE) seeing some trading off the best prices, like the 80k just traded at 17.5, when the offer was 17.4.
    1 Aug 2013, 12:43 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    MrI: I think those big trades may be the culmination of the MMs acquiring at lower prices and the selling to the higher bid. We had that 95K one go at $0.18 at 11:08.

     

    I've read that MMs will make really good effort to fill orders for their "good customers" so that they don't lose them. That was in a paper from a purported former MM. With so many brokers now owning MMs, sounds quite reasonable.

     

    HardToLove
    1 Aug 2013, 02:04 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    HTL, certainly possible on the first point. Seen a ton of goofy sh__ over the years. Probably even been unintentionally part of it, back in the wild west days. Had a trading bud who would just call some of the MMs and ask them what the heck was happening, and some would tell him. Not sure what would happen now. I suppose you'd be put on some threat list and your credit card info would end up with Assange, lol.

     

    The 95k at 18 was when 18 was the best bid, so didn't trade thru it, so not an example like the 80k I mentioned, but I hear u about point one.

     

    Yesterday I saw on CNBC that e-Trade is looking to sell its MM arm (therefore ETRF). Maybe Axionistas can pass the hat around and make a bid, lol. Keep some of our fees with all this trading we're doing, AND get some inside trading scoop. ;^P
    1 Aug 2013, 02:27 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    MrI" "The 95k at 18 was when 18 was the best bid,"?

     

    From 10:37-11:13, I didn't see a bid of $0.18. I could've missed it though. I did have $0.18 on the ask (PERT, CDEL, BTIG ATDF), second in line and if anything briefly too out the one lower best ask, the $0.18 would be first.

     

    My trades screen shows b/a $0.1799/$0.18 at the time that trade executed.

     

    As to trading around the b/a ("cross trade"?), I don't think that's always necessary to fit our accumulate and then sell scenario. It happens a lot though.

     

    HardToLove
    1 Aug 2013, 02:52 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    My bad---was a typo. Meant to write, "ask". IOW, the presented asks got taken out all the way to that trade at 18.

     

    When I used to do some cross trades, I don't remember how often they were thru the best bid/ask. That was frowned on, but still sometimes happened. Anyway, I've never been a trader, so those details usually escape me.
    1 Aug 2013, 03:07 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    MrI: The "behind the curtain" stuff is so common now that NASDAQ has times set aside several times throughout the day (around 50% or more of the time?) for trades that don't go through the MMs. Inter and intra-broker are what they say, IIRC, allowing avoidance of MM fees.

     

    Almost always see some big blocks go though that have little relation to what the trading is doing during the time we see it go through.

     

    HardToLove
    1 Aug 2013, 03:22 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Thx, htl. Funny how the lingo is set up. Every trade is intra or inter-broker since individuals have to go thru a professional trading firm, one way or another. Unless you're saying that those terms also apply to trading systems that allow trading among investors directly. Not sure if that applies here with this AXPW penny, and if so, if those shares would even appear on our OTCBB screens.
    1 Aug 2013, 03:39 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1138) | Send Message
     
    H.T.L., et al: The fact that we have 100k+ bids occurring even at all is a great comfort to me. For those of us with "more than just a few shares" it creates liquidity confidence (even if that liquidity is somewhat ephemeral.)

     

    All this is subject to change, but I, for one, appreciate some of the of the "beef" being added to the Bid.
    1 Aug 2013, 05:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    MrI: "allow trading among investors directly."

     

    Haven't seen any wording to that effect. But I think the deal is with inter/intra-broker is this ...

     

    Inter-broker: One picks up the phone or otherwise communicates and arranges a trade (mechanics of which are unknown by me) and during one of the designated periods they can execute the trade. I presume these are for *members* of NASDAQ that have paid their dues and fees.

     

    Intra-broker: This one is where the buyer and seller both have their shares at the same broker.

     

    Normally, I *guess*, brokers might route their customer orders to the NBBO (ECN?) system, especially for smaller orders not requiring special handling, maybe like all-or-none, reserve quantity, ...? These are not inter/intra-broker orders and flow through the normal market-makers on the exchanges and/or the brokers MM desk.

     

    That's my best understanding from the digging I've done.

     

    Errors and misunderstanding are possible.

     

    HardToLove
    1 Aug 2013, 05:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    O.R: Ditto on the bids being beefed up. I'm hoping that it's a longer-lasting effect. ISTM lots of folks that read Forbes see these sorts of prices with an anticipated 1-2 year payoff as a good risk/reward profile.

     

    Volume is still holding really decent, comparatively, and that offers some hope.

     

    HardToLove
    1 Aug 2013, 05:18 PM Reply Like
  • Amouna
    , contributor
    Comments (1456) | Send Message
     
    My gut feeling tells me that by the time of the next earnings call, we still won't have any substantial news to cling to! :(

     

    Just my feeling of course...
    1 Aug 2013, 09:53 AM Reply Like
  • thegreekgatsby
    , contributor
    Comments (54) | Send Message
     
    substantial news leading to profitability.... this looks like a further dream...
    1 Aug 2013, 10:59 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Someone just took 95K @ $0.18. ATDF now shows 170K bid @ $0.1701.

     

    HardToLove
    EDIT: ATDF still offers 96K on the ask @ $0.18.
    1 Aug 2013, 11:12 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    OT

     

    Isn't Life Strange

     

    http://bit.ly/12IIGnD
    ·

     

    1 Aug 2013, 11:25 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    On Batteries and Innovation

     

    "Despite reports of breakthroughs in battery technology, the hard problems of battery innovation remain hard."

     

    "So, if a battery is going to store 30 times as much power and charge 1,000 times faster, that means that the wires that connect to it need to carry 30,000 times more current."

     

    (Point is directionally correct if not a little off due to the fact that voltage plays a part)

     

    http://oreil.ly/15g1x9R
    1 Aug 2013, 11:57 AM Reply Like
  • Ranma
    , contributor
    Comments (1406) | Send Message
     
    OT: SR up 300% after earnings release:

     

    http://yhoo.it/wTYfKS;_ylt=Atn.5_EIcrZlhEt_...

     

    Previously it had a market cap the size of AXPW...
    1 Aug 2013, 12:49 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    >Ranma, I just found these 2nd Qtr. Results for SR:

     

    Total revenue declined 11.8 percent to $136.8 million compared to $155.1 million in the prior year quarter. — Healthcare revenue declined 12.0 percent to $48.2 million compared to $54.8 million in the second quarter of 2012. — Operating profit declined to $1.8 million from $3.8 million in the prior year quarter. — Business Solutions revenue declined 11.7 percent to $88.6 million from $100.3 million in the second quarter last year. — Operating profit declined to $0.9 million compared to $2.6 million last year. — Gross margin as a percentage of revenue decreased to 28.5 percent from 30.0 percent for the same quarter last year.
    .........................

     

    I don't understand why these 2nd quarter results would make a pps triple in a single morning. What's more relevant for me however, is what could happen to Axion's pps if even relatively modest news were to be released. Could those who've been sitting on the sidelines get left behind?
    1 Aug 2013, 01:11 PM Reply Like
  • Ranma
    , contributor
    Comments (1406) | Send Message
     
    I don't know enough about the situation to say, but it looks like it has more to do with their acquisition than the earnings result.
    1 Aug 2013, 02:29 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    OT

     

    BMW Quarterly Profit Drops on Spending to Keep Ahead of Audi

     

    " BMW’s figures are “slightly disappointing compared to Volkswagen and Daimler,” said Juergen Pieper, a Frankfurt-based analyst with Bankhaus Metzler. “VW especially showed considerably more dynamic.”

     

    BMW spent 2.4 billion euros to upgrade and expand factories in the first half, 60 percent more than a year ago. Research and development expenses will exceed the company’s target of 5 percent to 5.5 percent of revenue for all of 2013 after amounting to 5.3 percent in the first six months.

     

    “We have always taken a long-term approach,” Chief Executive Officer Norbert Reithofer said today on a conference call. “That’s why we are making some major investments right now to ensure we continue our success in the future.”"

     

    http://bit.ly/15ykjaj
    1 Aug 2013, 01:07 PM Reply Like
  • LabTech
    , contributor
    Comments (1766) | Send Message
     
    IINDelco,

     

    "We have always taken a long-term approach,” Chief Executive Officer Norbert Reithofer said today on a conference call. “That’s why we are making some major investments right now to ensure we continue our success in the future"

     

    And hopefully those investments include redesigning there electrical systems to use Axion's PbC battery.
    1 Aug 2013, 01:30 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    LabTech, Thank You for picking up on that.

     

    BMW knows the needs of the market segment they are beholden to. As such, they better maintain an aura of leadership to the participants in the demographic they are servicing.

     

    As I scan around the one system they are most criticized for is. Drum role please!

     

    30++ k USD cars and the energy storage system of choice is a lemon.

     

    Not what the marketing people were thinking I'm sure.

     

    http://bit.ly/16mClxi
    1 Aug 2013, 01:54 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Sounds like an increasingly motivated, major, trend-setting potential customer of the PbC to me.

     

    Same for NS, I think.
    1 Aug 2013, 01:56 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Mr. I, I can't tell you what direction they will go in but they better do something. We're in the race, If you want to call it that. Feels like a transcontinental one legged scooching race with a 50 kilo back pack.
    1 Aug 2013, 02:22 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    iinde, the tension is certainly building. All around, I think.

     

    I just hope The Negotiator is not trying to over-optimize. For current shareholders, something very good soon is way, way preferable to an outstanding deal in, say, 9 months, with what we know including the PIPE overhang.
    1 Aug 2013, 02:42 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Mr. I, Yes, Kind of insulting when TG sez he doesn't want to give up 60 % of the company for a certain kind of deal when in fact that's about what he's done for the last 2 capital raises. No I didn't calculate it but it's in that general range. And what did he get for "partners"? Directionally John's gorilla mate!
    1 Aug 2013, 04:16 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    We got a guy that's been learning as he goes along.

     

    BUT, I'll forgive everything if he closes a good deal with BMW/their supplier soon.
    1 Aug 2013, 04:44 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    I vehement disagree with prevailing criticisms of Tom's capabilities.

     

    I was talking to my brother earlier today and explained that selling stock to PIPE investors is analogous to the indentured servitude our grandmother signed up for when she emigrated to the States from Scotland. The lender under such an agreement may be abusive during the period of servitude but it always ends and the servant emerges a free human being in charge of his own destiny.

     

    Selling a controlling interest to a large strategic investor who would initially have stockholders dancing in the street is is analogous to selling your child into slavery. The slave owner may be gentle or cruel as circumstances dictate, but the term of the servitude is perpetual and the slave is always subject to the will and whim of the master. No matter what happens, your child will never again be in charge of its own destiny.

     

    I'll take my beatings from a hundred PIPErs if I that's what it takes to avoid beatings from a slaver.
    1 Aug 2013, 05:14 PM Reply Like
  • jcrjg
    , contributor
    Comments (172) | Send Message
     
    John,

     

    You may be right that the PIPE was better than the strategic at the point when they had to make the decision and that the strategic tried to screw them at the last minute. The question is why did TG let it get to that point. All investors want all that they can get whether in the form of low prices with financial investors or rights with strategic investors. Given the very strong hand that TG has to play in terms of the benefits of the PbC and the need from the customers (even with a weak financial hand) he should have been able to develop multiple good options and play them off of each other. Given the problems the PbC will be solving there should have been some strategic willing to invest at reasonable terms. The fact that they weren't would make one question the value of the technology (which I don't) or TG's ability to deal with partners (which I do). When you included the long history of failed partnerships questioning TG's ability to guide Axion through its strategic relationships is fair. The best thing now is to close the BMW deal on reasonable terms.
    1 Aug 2013, 06:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Jcrjg: "the long history of failed".

     

    That's the only thing I think is questionable. Things that haven't yet come to fruition are not indicative of failed relationships.

     

    Especially "long history".

     

    Unmet expectations would be certainly reasonable though.

     

    MHO,
    HardToLove
    1 Aug 2013, 06:21 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    jcrjg> When a company is looking for financing it can cast a wide net and develop a big book of options. As the process moves forward one option after another gets weeded out and when you get down to detailed negotiations you have to make a decision. It's like talking to three potential dates for a formal ball. Sooner or later you have to pick one and cut the others loose.

     

    The 11th hour squeeze that so many would be slavers love can only work after the company that's seeking financing has eliminated all of its other options. Then the dynamic is always a "I know I'm a slaver but this is a take it or leave it offer." It takes tremendous intestinal fortitude to say NOT ONLY NO, BUT HELL NO to a prospective slaver who's trying to pull off an 11th hour squeeze.

     

    Failed partnerships generally have very short histories. The same is true for failed companies. If a public company has a significant risk of failure it generally happens within two or three years. After five years survivors like Axion may be battle hardened and covered with scars, but they're proven their ability to stand up to the worst that life can throw at them.
    1 Aug 2013, 06:42 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    A CEO gets an A+ when he delivers a solid business plan with key milestones that are accomplished in a timely fashion for an expected cost range. Communicating this plan well and hitting objectives is what moves the company forward and gives the opportunity to find solid investors. I think the technology is rated an A. The CEO? How can he be an A when he's not communicating well and what he communicates doesn't happen to the plan.

     

    I know it's not black and white but again it's his job to communicate the plan and make reasonable adjustments along the way to carry the ball across the goal line. If he's not making this happen and/or he's not communicating well how this is happening and will continue to happen he's not going to get capital at the best rate. And since getting capital to implement the business plan is his #1 task I can't imagine how he could possibly be lauded and assigned an A for his efforts.

     

    Hey, maybe he makes Jack Welch look like an equal. But from my perspective, "If a tree falls in the forest.......". And if investors aren't aware of how great he is, he's not all that great because he's the messenger.
    1 Aug 2013, 06:57 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    ii - Agreed. I want to hear the tree fall. Give me a reason to laud performance. There is no doubt that I am looking under every rock for independent confirmation
    1 Aug 2013, 07:19 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    Iindelco> I agree wholeheartedly with your statement of the CEO desiderata. Now for the hard part. Go back three years to early 2010 and put together a reasonable list specific identifiable milestones a reasonably prudent CEO of Axion might establish for the company and be willing to communicate to stockholders.

     

    I can't think of anything Axion has accomplished over the last three years that was reasonably predictable in 2010 and hasn't been entirely subject to the vagaries of the R&D process or the whimsy of potential customers.

     

    You can't hold a man responsible for accomplishing, not accomplishing, predicting or not predicting events and developments that are not within his direct control.

     

    I'm the first to criticize what I view as a weak PR stance from Axion, but when I put myself in Tom's shoes I'm at all confident that I could do any better with the facts that currently exist.
    1 Aug 2013, 07:35 PM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    Stefan, There is no reason for us to be looking under every rock to get a better feel for how Axion is doing (we'd still do it anyway!). A very basic top level plan is not covered by NDAs. It's only shielded by a lack of wishing to share it.

     

    Look, I don't think TG is an A but I also don't think he's a D rated CEO. If I did I wouldn't be here. I just get frustrated because I feel he's paying too much for capital based on where he and his team have taken the PbC technology and the ability to scale it. And when he pays too much for the required additional capital it comes out of the earlier stake holders.

     

    I'll grant you that my perception could well be wrong. But how would I know. And this is, I guess, what bothers me. If investors don't get clarity they assign risk. And like with any investment risk gets an assigned a cost commensurate with the perceived risk. Maybe I could have gotten hit with a rubber pipe instead of a U238 one? :(
    1 Aug 2013, 07:37 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    JP & ii - I agree with both of your sentiments. My problem with TG and management does not lie in R&D and manufacturing, which I think they have been quite good at. It lies in the inability to communicate which is to the detriment of all here including TG.

     

    p.s. desiderata = Something that is needed or wanted: "integrity was a desideratum".

     

    Nice word, JP.
    1 Aug 2013, 10:00 PM Reply Like
  • jcrjg
    , contributor
    Comments (172) | Send Message
     
    HTL,

     

    You are right that long history is too strong. I just feel that TG is very defensive. This comes through in the way he communicates on the calls, the excessive NDAs, the failure to make the battery available for easy testing, and my guess that it affects the way he deals with strategic partners.
    1 Aug 2013, 10:57 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    As an additional thought, it is really hard to evaluate what TG says b/c he has spoken of testing programs with numerous automakers over the years, he has mentioned making inroads with other railroads, he has mentioned Viridity and PJM on and off and he spoke numerous times of Rosewater among various other initiatives. I can't remember a situation where he has come back and said something hasn't worked out except for the 300% raise in revs.

     

    Mercy attempted to get TG make some generic guide posts over a year ago to measure progress and was rebuffed. That was when we were trading in the .40s. She sold out. That was one of my first red flags.

     

    Over the years, it has sounded like Axion has had a testing program with every automaker and their cousin. Why can't they measure progress by stating for example: "This quarter we continue testing programs with 8 major OEMs. Two are in advanced stages, 5 in middle stages and 1 just started. Unfortunately, one OEM dropped out of testing. However, we believe they will be back when the two advanced prove the PbC application out."

     

    Instead, in the last investor presentation, we only heard that they began work with a large automotive OEM in 2009. That work continues today. Are we to believe all others stopped testing or what?

     

    edit: A couple of the grant applications said that they had been working with numerous automakers since 2009/10.
    2 Aug 2013, 01:13 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    On the issue of executive pay, this article on private CEO pay is instructive:

     

    http://bit.ly/13G9H53

     

    In 2011, the median private company CEO in our survey earned a total compensation package of $362,900.

     

    Rather than outlandish and misaligned pay packages that benefit the CEO to the detriment of the company, its employees and shareholders, our research found quite the opposite as the standard practice at private companies in the U.S. CEO compensation is strongly and positively correlated with a company’s size, complexity (in terms of revenue and number of employees) and performance (that is, revenue growth and profitability). The median CEO among unprofitable companies did not receive a bonus in 2011.
    2 Aug 2013, 01:31 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    Stefan--great points and question. Sounds like you have some excellent material for the Q&A in a couple weeks.

     

    Given the backlog of unasked questions during the recent Q&As, perhaps we should finally coordinate and prioritize the questions from the folks on this blog. Every low-priority question and answer blocks our ability to get some good, juicy meat.
    2 Aug 2013, 01:32 AM Reply Like
  • bazooooka
    , contributor
    Comments (2329) | Send Message
     
    JP,

     

    I've been in a few micro-cap mining stocks that slowly kept the market cap moving upward but the pps downward for a decade after many raises/placements =(.

     

    They too were always in control of their destiny until the finally sold out to a mid player and then the stock popped up 300%+.

     

    Heck, I only lost 40% my cost basis after a final well timed sell order which netted 4x an earlier low that I had averaged down on. Anyhow I'm not sure Axion holders are better served by trying to go it alone for another 3-5+ years.

     

    Ultimately they may have to sell anyhow and thus we"ll feel that we woulda/shoulda taken any offer on the table a year back or so. IN my mind, another PIPE bashing would devastate every Axionista I know even the newcomers with 20 cent stock. Sometimes the adopted family (or even foster) is better than those who can't make it on their own in the streets.

     

    Indeed, I can see Axion's management stance of wanting to go it alone all while their salary and jobs are secur. But shareholders need a return at some point. Even if it's a cut your losses type deal.

     

    I would suspect that even you at this point would mildly entertain the idea that someone came along and took us out for a 300% premium to current price. 50+ cents ain't a buck (or five) but it ain't a dime either. Just saying =)
    2 Aug 2013, 01:56 AM Reply Like
  • bazooooka
    , contributor
    Comments (2329) | Send Message
     
    Stefan,

     

    I agree with what you said. When Mercy sold out I knew I'd either bail or stick with it for the rough ride and dollar cost in more. She was the first Axionista to bail and many others have done so in silent I assume. Maya leaving this board has hurt us too (since his informal following is larger than Mercy and her SA friends).

     

    Anyhow, at this point I buy AXPW when it's cheap and I have some powder available. I do think we will eventually see a triple off the lows. I just hope that 12 cents is the all time low. Too bad triples don't quite seem like 3/4th a "home run" since I have many times wrongly concluded that the stock looked cheap. Live and learn. =)
    2 Aug 2013, 05:13 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    Mr. I, I was ready to go with good questions on the last call. (some of them being softballs to allow TG some room to communicate). I was only allowed to ask my first question about the strategic investor before being cutoff. I was not happy.
    2 Aug 2013, 09:53 AM Reply Like
  • D-inv
    , contributor
    Comments (3890) | Send Message
     
    Mr I ... The record on getting reasonable questions answered in CCs is less than stellar.
    2 Aug 2013, 10:17 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2478) | Send Message
     
    If every minute counts, as history strongly suggests, then prioritization is crucial. Only straight-to-the-point Qs.
    2 Aug 2013, 10:46 AM Reply Like
  • D-inv
    , contributor
    Comments (3890) | Send Message
     
    In last CC I was 2nd caller, asked two straight to the point questions. TG did not even address the 1st question asked and I was given no chance whatsoever for any follow up.

     

    Any questions I address to Mr. Granville will be put to him in writing before the next CC.
    2 Aug 2013, 11:07 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Yes, it appears that the methodology in multipart questions is to address the preferred question, and ignore the troublesome queries altogether. Perhaps its best just to ask one, and make it the more pointed of the group. With no followup, however, its impossible to treat it as any sort of "interview".

     

    If you only get one shot, make it count.
    2 Aug 2013, 11:30 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    MrI: Starting on time, as a *courtesy* to the investors would be a good start too.

     

    That would leave some more time for the Q & A.

     

    HardToLove
    2 Aug 2013, 12:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    The more serious questions TG receives before the Call, the more likely we will see a late start, early termination or some other "technical problem" to shorten the time he gets to spend "on the carpet".
    2 Aug 2013, 12:45 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    "our grandmother signed up for when she emigrated to the States from Scotland"

     

    I knew there was something I liked about you . . .
    2 Aug 2013, 03:40 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    Truth be told Grandma initially emigrated to Toronto, worked off her indenture contract, and then slipped across the border as an illegal.
    2 Aug 2013, 03:55 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    yeah -- that pretty much conforms to my family history. everyone leaving Scotland came over via London or spent a bit trapped in Ireland before shipping out and landing Nova Scotia. From there the three great immigration points were Toronto-to-Detroit, South Carolina or New Orleans (and, not surprisingly, I've found distant relations in each of those spots).

     

    my gramps came in the same way, landed in the Tronto, and came across to Detroit as an illegal who ended up working for, wouldn't you know it, Henry himself . . . as his chauffeur no less.
    2 Aug 2013, 05:46 PM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    It's enough to make you wonder where we'd be today if rabid anti-immigration demagogues had been running the show in another age.
    2 Aug 2013, 05:59 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    "It's enough to make you wonder where we'd be today if rabid anti-immigration demagogues had been running the show in another age."

     

    Oh, but they were, JP (just look at how the Irish were regarded), but the same folks also owned the factories, and needed the workers.
    2 Aug 2013, 08:17 PM Reply Like
  • D-inv
    , contributor
    Comments (3890) | Send Message
     
    "and landing Nova Scotia. From there the three great immigration points were Toronto-to-Detroit, South Carolina or New Orleans (and, not surprisingly, I've found distant relations in each of those spots)."

     

    A wee bit earlier (150 yrs give or take several) Scots-Irish families I am aware of favored entry through the Port of Philadelphia before migration South and West into Virginia, North Carolina, Georgia, Kentucky, Tennessee, Missouri, Texas, N. Mexico, Arizona, California, etc. (Discovered ~35 yrs into a marriage that I was distantly related to my wife's sister-in-law.) Kit Carson was descended from some of those families.
    2 Aug 2013, 09:18 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    The Scottish diaspora started VERY early, following the days of Bonnie Prince Charlie's disaster of a rebellion. Many of the highlanders imprisoned after that brief war (and particularly the battle of Colladen) were branded as traitors to the crown and were "encouraged" to get packed onto boats and transported to America. The concentration of these people was in the Indian territories and the Western fringe (in the early 1700's this was what is now Western North and South Carolina, North Georgia, and the western counties of Virginia).
    3 Aug 2013, 09:05 AM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (694) | Send Message
     
    The Michelin CEO was on CNBC or maybe it was Bloomberg this morning. He highlighted the fact that the auto manufacturers had been hammering the tyre manufacturers to create the "run flat" tyre in order to get rid of the spare tyre.

     

    My understanding was that this was a long drawn out process. The main topic of discussion was the introduction of the Ford 150 truck using CNG as a viable option.

     

    If tyre changes take years it is not in the least surprising that car manufactures such as BMW may take 1/2 a decade to make the switch to a new form of battery.

     

    My hope is that the PbC is finally adopted and that we get 10 years of relatively clear run ahead of us before there is a viable alternative.

     

    If that holds true then I should be able to start offloading my obscene number of shares closer to $100 than the $1-2 that I suspect many are hoping for.

     

    1 Aug 2013, 05:18 PM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (114) | Send Message
     
    I haven't had a flat in over 30 years

     

    I had 3 in one week with recaps in 1976. 65 Impala fell of the jack.

     

    My Saturn Vue has no spare.
    1 Aug 2013, 06:46 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (866) | Send Message
     
    AinB: <My hope is that the PbC is finally adopted and that we get 10 years of relatively clear run ahead of us before there is a viable alternative.>

     

    I think there already is a viable alternative, at least for the stop/start market: an AGM paired with Maxwell supercaps. IMO, that is currently out biggest competition and the concept seems to be getting traction with several autotmakers. I would guess the cost difference is pretty competitive, too.
    2 Aug 2013, 10:36 AM Reply Like
  • LT
    , contributor
    Comments (4616) | Send Message
     
    NGS, you can bet that affordable alternatives are coming. Auto' makers know this and combined with the fact that TG strung us along with the carbon sheeting automation process being unable to deliver large quantities at a competitive price is why we have not had adoption already.
    I will always believe this and like it or not there is a window of opportunity and it's closing rapidly every year.
    2 Aug 2013, 11:41 AM Reply Like
  • Amouna
    , contributor
    Comments (1456) | Send Message
     
    As far as I am concerned, the next earnings conference call will shed more color as to whether this management team expects anything of substance to happen with regards to sales, or is it just going to be more heartache and pain for legacy shareholders. I can't attend the conference call, but I know some of the people on this board will be grilling management with some tough questions with regards to the absence of a clear sales strategy, progress on existing RFPs, RR and automotive. This time around, we want deliverables, not just the standard TG speak: "we are working with xxxx...".
    2 Aug 2013, 06:34 AM Reply Like
  • greentongue
    , contributor
    Comments (734) | Send Message
     
    "We're not a development company any more" but still a long way from OZ.
    2 Aug 2013, 07:48 AM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    If you don't like Axion's management, put your money in a company you are more comfortable with.
    2 Aug 2013, 07:56 AM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    I disagree.

     

    We've been traveling the yellow brick road for a very long time and along the way we've been joined by the BMW scarecrow that's so busy thinking about its future that it has a hard time getting to a final decision, the NS lion that's dreadfully afraid of making another big mistake on its electric switcher and the ePower woodsman.

     

    During the journey we've done battle with the big uglies and the 2012 investors and won those wars of attrition. Through it all the PbC technology has held up wonderfully as manufacturing methods got more efficient and costs declined. We've already passed the vast majority of the landmarks on our poorly drawn and badly scaled map of the route to Oz.

     

    Today we're in a dark forest where the yellow brick road twists and turns and the only thing we can see is the next 25 yards. We know we're on the right road and we know the road must come to an end, but we're impatient because we haven't gotten there already.

     

    After years traversing the wilderness we're starting to see telltale signs of civilization. There's no question that we're far closer to Oz than we've ever been. What we don't know and can't know is the length of the road before us. Fear says Oz is very far. Rational analysis says it's close.
    2 Aug 2013, 08:08 AM Reply Like
  • SMaturin
    , contributor
    Comments (2108) | Send Message
     
    And it looks like our house landed on the wicked witch of Exide.

     

    Now where are those ruby slippers?!
    2 Aug 2013, 08:23 AM Reply Like
  • John Petersen
    , contributor
    Comments (29472) | Send Message
     
    There's no doubt about it, the wicked witch is dead. Unfortunately there do seem to be a larger number of wicked witches in our story than there were in the original yarn.
    2 Aug 2013, 08:25 AM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    JP,

     

    You are the absolute MASTER of optimistic thinking! Thank you for that.

     

    I believe you are the real Oz as you keep passing out gifts to all of us!
    2 Aug 2013, 09:39 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    Amouna: Only if they start on time and don't cut off the questions like thye've been doing. I'm thinking of not even wasting my time.

     

    HardToLove
    2 Aug 2013, 09:56 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    "Fear says Oz is very far. Rational analysis says it's close"

     

    And lack of good input from those "leading" says we can't support either scenario.

     

    HardToLove
    2 Aug 2013, 09:58 AM Reply Like
  • iindelco
    , contributor
    Comments (8794) | Send Message
     
    HTL, I must admit that given we get so little time to communicate with the company it is a little disheartening to watch them waltz in late cc after cc since it's a time limited event on the back end. Doesn't send a good message.

     

    BTW, One interesting observation of late with the stock. Twice now I've had one of the mm's pull shares off the ask when I placed an order. Quite illegal. We've got some real pigs at the table.
    2 Aug 2013, 10:08 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (866) | Send Message
     
    In the last CC, they predicted some power cube sales for this year. You would think we'd have heard something about that by now, since they obviously take a while to manufacture. Definitely need to get a status on that at the next CC because it is the only potential near-term PbC sale of any size.
    2 Aug 2013, 10:39 AM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >Guys ... I would think that if ya'll really wanted to press TG then the route to go would to write a letter (not email, but snail mail) to him or another officer and/or board member. By-pass the PR guy in New York that runs Investor Relations. In the letter, ask questions (without the supporting rant or rancor) as clearly and succinctly as possible.

     

    If Mr. Granville gets the attitude found here followed by or including a rambling question, I guarantee the questioner will not be happy with the response ... if there is one. Give him a little time pre-CC to digest the discontent.

     

    I know I wouldn't respond to about half of what I read here. Justified or not ... I just wouldn't.
    2 Aug 2013, 10:56 AM Reply Like
  • Valleywood
    , contributor
    Comments (649) | Send Message
     
    DRich ........ Well said.
    2 Aug 2013, 11:03 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (866) | Send Message
     
    Ask him if he still has a bounce in his step.
    2 Aug 2013, 11:47 AM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >nogoodslacker ... That's the kind of statement that has me disgusted.
    2 Aug 2013, 11:56 AM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (694) | Send Message
     
    Useful trivia .

     

    The Wonderful Wizard of Oz was written by American author L. Frank Baum. The book was illustrated by William Wallace Denslow. The royalties from the book and the stage play allowed Mr. Denslow to buy a lovely island here in Bermuda, Bluck's Island. He then crowned himself King Denslow the First. And why not? I would if I had any serious money left.
    2 Aug 2013, 12:02 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Ah yes, the good ol days...

     

    When illustrators got paid, and people bought books instead of free downloads from a library which they never visit.
    2 Aug 2013, 12:05 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (694) | Send Message
     
    I completely agree.

     

    I am all in favor of group action.

     

    Lets groupthink a series of questions that can be printed off so that we can each send a copy to the board chairman. At least it would give ample time for a considered response by TG. Maybe even a letter to shareholders in response.

     

    It would also let them gauge the level of concern of the shareholders.
    2 Aug 2013, 12:10 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    Word on the street is that this board and probably the related CC instablogs are monitored by Axion. That hasn't changed the considered response.
    2 Aug 2013, 12:13 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Maybe if we send TG a flashlight to read all the letters with...

     

    It gets dark down in that bunker, y'know.
    2 Aug 2013, 12:17 PM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >Stefan Moroney ... Dependence on rumor that this forum is monitored (which it is by at least one government agency) is no replacement for knowing your addressing the person you want. Monitoring by Axion could mean nothing more than that NYC publicist reads it and if they get word back like they get word out ... well, I'll let you draw your own conclusions about things.
    2 Aug 2013, 12:20 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    DRich: OTOH I don't recall any rancor or overly agggressive questions in any of the last few CCs. Normal questions both being compiled and asked.

     

    Is my memory all that bad?

     

    HardToLove
    2 Aug 2013, 12:46 PM Reply Like
  • DRich
    , contributor
    Comments (4428) | Send Message
     
    >H.T.Love ... The rant or rancor I was referring to is within these forums. Questions on the CC seem pretty typical.
    2 Aug 2013, 02:05 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2487) | Send Message
     
    Drich - lol, very true. (which it is by at least one government agency) - please elaborate. NSA joke?
    2 Aug 2013, 02:24 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    now, that's the best WoOz metaphor I've ever encountered . . .
    2 Aug 2013, 03:44 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17266) | Send Message
     
    I've rolled over my EOD instablog to August, shortened, minor mods to the header.

     

    http://seekingalpha.co...

     

    08/01/2013: EOD stuff partially copied from new instablog.
    # Trds: 75, MinTrSz: 200, MaxTrSz: 95000, Vol 566080, AvTrSz: 7548
    Min. Pr: 0.1700, Max Pr: 0.1800, VW Avg. Tr. Pr: 0.1747
    # Buys, Shares: 18 241130, VW Avg Buy Pr: 0.1771
    # Sells, Shares: 56 319950, VW Avg Sell Pr: 0.1729
    # Unkn, Shar