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  • Good morning!
    4 Aug 2013, 06:20 AM Reply Like
  • The occasional second works, although I miss the congeniality.
    4 Aug 2013, 07:20 AM Reply Like
  • drei !
    4 Aug 2013, 07:35 AM Reply Like
  • As more and more Li-ion companies go under, where does that leave cost competitiveness of PbC? Seems to me it can't help but make people reconsider if it is an acceptable alternative.
    4 Aug 2013, 08:09 AM Reply Like
  • Lithium-ion battery costs are irrelevant when it comes to analyzing the cost effectiveness of the PbC because lithium-ion is an energy battery and the PbC is a power battery. A more accurate cost comparison would pit the PbC against supercapacitors, but the PbC's advantages in overlapping applications are so overwhelming that the comparison looks absurd at first blush.

     

    The only lithium chemistry that even comes close to matching the power profile of the PbC is lithium-titanate, an extremely fast charging chemistry that costs three or four times more than the lithium-ion batteries used in portable electronics and electric drive.
    4 Aug 2013, 08:17 AM Reply Like
  • Buenos Dias Mr. J.P:

     

    This is the first time I read from you the following: "lithium-ion is an energy battery". I have the impression that it was said that Lithium Ion met Energy & Power.

     

    Correct me if I'm wrong.

     

    Saludos-Carlos
    4 Aug 2013, 08:43 AM Reply Like
  • All energy storage devices deliver a combination of energy and power or they wouldn't have value to users. The easiest way to mentally classify storage devices is based on their recommended discharge times which are typically measured in seconds, minutes or hours.

     

    Energy batteries like lithium-ion are typically used in applications where an electrical device like a computer, cellphone or EV needs a steady energy output to perform its function and the battery is big enough to run the device for one to five hours.

     

    Power batteries like the PbC are typically used in applications where an electrical device like a starter motor, heavy truck or grid installation needs short bursts of power to perform its function and the battery is only big enough to run the device 15 to 60 minutes.

     

    Once you get down to the seconds category, you're entering the domain of supercapacitors and flywheels that typically can't run a device for more than a few minutes.
    4 Aug 2013, 11:06 AM Reply Like
  • Excelente respuesta!!

     

    Conclusion: AXION POWER PbC Tech. is a "Percheron Horse" out of series.

     

    Gracias-Carlos
    4 Aug 2013, 12:07 PM Reply Like
  • For those who are interested in readership statistics on SA, the page view count on my Axion PIPE mechanics article currently stands at 3,959, which is significantly lower than my year to date average of 11,300 page views per article. Given the subject matter and the 5,000 shareholder number mentioned in TK's article, I think the count is pretty good.
    4 Aug 2013, 10:58 AM Reply Like
  • Well John, you didn't use a certain five letter word in that article....
    4 Aug 2013, 07:05 PM Reply Like
  • I'm mentally drafting a dissection of you know who's Q2 earnings based on what I expect their report to disclose. That way I'll be locked, loaded and ready to hit the "Submit an Article" button first thing Thursday morning. As you might expect I've grown incredibly weary of fanboy hand waving and plan to simply stick to the financial facts in all their gory glory.
    4 Aug 2013, 07:12 PM Reply Like
  • Can't wait for that one :^D Your insight into TSLA has always been quite helpful.
    5 Aug 2013, 11:04 PM Reply Like
  • "I'm mentally drafting a dissection of you know who's Q2 earnings based on what I expect their report to disclose. "

     

    Kind of like TopGear scripting their review of the Roadster before they actually tested it, eh?

     

    No matter what lease accounting tricks were made, the increase in production, profit margins, etc. will continue to fuel the stock. Laughing all the way to the bank....
    7 Aug 2013, 05:12 PM Reply Like
  • I've always believed that it's better to be lucky than smart, but the oft unspoken corollary is that people who press their luck are stupid.
    7 Aug 2013, 05:17 PM Reply Like
  • I'm getting dumber every day I guess :) Must be all the hopium I keep smoking, I'm hallucinating so hard I saw $153 in after hours! Or maybe I need to adjust the reception on my tin foil hat, there might be another transmission coming from the mother ship.
    7 Aug 2013, 08:31 PM Reply Like
  • Some light reading for anyone interested.

     

    SANDIA REPORT
    SAND2013-5131
    Unlimited Release
    July 2013

     

    DOE/EPRI 2013 Electricity Storage
    Handbook in Collaboration with NRECA

     

    http://1.usa.gov/13PbbKs
    4 Aug 2013, 01:06 PM Reply Like
  • IIndelco.

     

    It's only "light reading" because the electrons are made into photons. :)
    4 Aug 2013, 02:48 PM Reply Like
  • They talk about the PbC a little on pages 75-76.........
    4 Aug 2013, 03:18 PM Reply Like
  • I suppose that's progress of sorts because Sandia has been very slow to acknowledge the existence of either Axion or the PbC ever since Ed Buiel refused to send them a battery unless they signed an NDA that prohibited dissection of the battery and required that it be returned to Axion after testing.
    4 Aug 2013, 04:05 PM Reply Like
  • I'm with Ed. I would not trust them an inch.
    4 Aug 2013, 04:11 PM Reply Like
  • Froggey, Very good. :))
    -
    Thanks for the historic view John. I remember the discussion here concerning government entities being less than careful with other people's proprietary information.

     

    I remember thinking Jeez when I read the third abstract down on this page. No license moneys are going to come out of that region for the Aussies.

     

    The Research on Ultrabatteries Applied to Electric Bicycles

     

    http://bit.ly/13PJhOk
    -
    Edit: One of the articles posted in the past concerning Sandi and proprietary info.

     

    Picking Losers
    Lawsuit accuses Obama Energy Department of cronyism in green energy loan program, leaked patented technology

     

    http://bit.ly/WcEDYV
    4 Aug 2013, 04:18 PM Reply Like
  • I found it striking that the U.S. manufacturer of the Ultrabattery is identified as pursuing a "lead-acid carbon technology" while ultrabattery itself is not mentioned and the technology is not described.

     

    "There are three major lead-acid carbon technologies current
    ly moving into the market. The three developers working on these technologies are Ecoult/EastPenn, Axion Power International, and
    Xtreme Power. Each developer has a different implementation of carbon integrated with the traditional lead-acid battery negative plate."

     

    Is the report a case of Sandia Labs making sure Ultrabattery is free of 'guilt by association' while tacitly linking PbCs to fire risk demonstrated with Xtreme Power battery fires?
    4 Aug 2013, 06:05 PM Reply Like
  • Since Xtreme power was pursuing a solid state battery instead of an acid electrolyte battery I don't see any potential issues of guilt by association.
    4 Aug 2013, 06:08 PM Reply Like
  • D-inv, East Penn is working on the Ultrabattery and carbon enhanced negative electrode technology.

     

    Carbon-Enhanced VRLA
    Batteries

     

    http://1.usa.gov/T3ldSo
    4 Aug 2013, 07:14 PM Reply Like
  • Looked at the Sandia report pages 75-76. I was not aware that Xtreme Power actually already had operating storage systems out there with existing partners to the tune of 77MW! That is serious competition for our tiny Axion IMO in the Renewable Energy storage system arena, and I don't think we would personally benefit as a company from going after this market. If you think otherwise, please explain to me why...

     

    Focusing on the retrofit market for heavy trucks, on the other side, is most likely a strategy of Axion to be first to market in this niche. If the execution keeps going as smoothly as it has been with ePower, we shall be in a position of leadership and grab the lion share of this market
    4 Aug 2013, 04:14 PM Reply Like
  • After a couple of catastrophic fires in megawatt scale storage installations Xtreme Power is no longer making batteries and is focused on control electronics instead. They may have gotten piles of Federal money to do their high profile installations, but their black box battery was an epic fail.

     

    http://bit.ly/MF8TqM
    4 Aug 2013, 05:27 PM Reply Like
  • Thanks for the link JP. Could be that the Kahuku wind farm in Hawaii is looking to get rid of Xtreme Power in favor of Axion's Powercube...
    5 Aug 2013, 12:02 PM Reply Like
  • "A123 has yet to make a profit and sits in a precarious financial position despite its unique lithium-ion chemistry."

     

    Sounds eerily familiar
    5 Aug 2013, 12:17 PM Reply Like
  • Amouna and SB,
    That article JP linked to is a year old and was linked to to prove a point. ;-)
    5 Aug 2013, 12:22 PM Reply Like
  • Stilldazed,

     

    Thanks for this, I am not disputing that. Just speculating that now that Kahuku knows the problem with Xtreme Power, they may be more inclined to look at alternatives such as our PowerCube!
    5 Aug 2013, 12:38 PM Reply Like
  • I'd sure like to see Axion get piles of money to do some installs for their own Bio Super Duper Carbon Black Box.

     

    Anybody know if the Kahuku wind farm replaced their batteries or are they just running the turbines today without storage? A quick google search led to nothing.

     

    Google Maps has a great view of the damage.

     

    http://bit.ly/13HGhEJ

     

    Its merely a flesh wound!
    5 Aug 2013, 12:53 PM Reply Like
  • Mr. Holty, last I read the wind farm was off line. I'll see if I can go back and find the article I'm thinking I remember.
    5 Aug 2013, 01:00 PM Reply Like
  • Don't worry about it if you cannot find it easily. I've reached out to both HECO and FirstWind.

     

    Check out my link I added that shows the damage from Google Maps.
    5 Aug 2013, 01:04 PM Reply Like
  • mr h,
    Thanks for the link. Did anybody else notice what looked to be large rocks set up in patterns around and near the wind mills? 500 years from now anthropologists will determine that this was a significant religious site b/c of all the roads for accessibility and effort put into the patterns with a tall pole in the center. Maybe done with the help of aliens b/c the patterns can only be seen from the air. ;-)
    5 Aug 2013, 01:40 PM Reply Like
  • "Windhenge". A strange religious cult which flourished during the final years immediately before the onset of the current Ice Age...

     

    wikipedia4912
    5 Aug 2013, 01:59 PM Reply Like
  • Mr. Holty, I don't think this is the original link I mentioned but it has some detail concerning the topic.

     

    Idle Kahuku Wind Farm Still Costing Ratepayers

     

    "Hawaii ratepayers are on the hook for $2.4 million in infrastructure costs for Oahu’s Kahuku wind farm, even though it’s only produced a fraction of the energy it was expected to and is now shut down due to a fire that devastated its battery storage facility earlier this month.

     

    During the first half of this year, the wind farm only produced about 15 percent of the energy it was contracted to sell to Hawaiian Electric Co., according to state regulators.

     

    Now, all 12 wind turbines have been taken offline and it could be months before they are back up, said First Wind’s CEO Paul Gaynor at last week’s Asia Pacific Clean Energy Summit and Expo in Honolulu. The wind farm went online in March of last year.

     

    But Oahu's 300,000 ratepayers are still required to pay for the microwave system and switching station."

     

    http://bit.ly/1cDHIej
    5 Aug 2013, 02:01 PM Reply Like
  • mrholty,

     

    "Its merely a flesh wound"

     

    Ouch, that's not going to be online any time soon.

     

    Makes me think about the recent train derailments and the ensuing fires. Imagine if one of those trains had an electric engine that was using Li-ion batteries. What a Roman-candle that would have made.
    5 Aug 2013, 02:45 PM Reply Like
  • >LabTech ... or, how about, 10,000 gal of LNG in a tender.
    5 Aug 2013, 02:48 PM Reply Like
  • JP: I read that Xtreme Power is also trying to sell their battery group/technology.
    5 Aug 2013, 04:07 PM Reply Like
  • Got had a short conversation with First Wind.

     

    Those wind turbines will be online this fall. According to the person they will be using a system different than batteries but wouldn't/couldn't say much more. Edit: Found an article which states they are using a D-Var system made by American SemiCondutor. Anybody know anything about this system?

     

    http://bit.ly/TNGKA5

     

    Their other installiation at Kaheawa which went live last summer does have and uses Xtreme Power batteries.
    5 Aug 2013, 04:48 PM Reply Like
  • Looks like the storage that is included in a D-Var system is capacitive.

     

    http://bit.ly/11IomA6
    5 Aug 2013, 05:49 PM Reply Like
  • mrholty: The company is American Superconductor, not SemiConductor. (AMSC)

     

    The D-Var system is a power conditioning system that effectively smooths the connection of wind turbine generators with the AC grid. I wouldn't call it storage, exactly, although it does use short term storage to perform its function. There are a lot of them in service with wind turbine farms.
    6 Aug 2013, 11:56 AM Reply Like
  • A week or so ago Tesla said it needed an increase of batteries from Panasonic.

     

    Panasonic to increase lithium-ion battery production capacity

     

    http://bit.ly/1b5B0fc

     

    Japan's leading manufacturer Panasonic Corp. will increase domestic production of lithium-ion battery used for automobiles to meet robust demand in the United States, company officials said on Thursday.
    The electronics maker will resume operation of idled lines at the Suminoe Plant in Osaka Prefecture, which produces batteries for US automaker Tesla Motors Inc., as early as next January, while another factory in Kaizuka City in the prefecture, which the company has suspended its operation since March, will reopen by the end of next fiscal year, Panasonic spokesperson Megumi Kitagawa said to Xinhua.
    She also said that the company will add some manufacturing lines at the Kasai plant in Hyogo Prefecture, which produces batteries for domestic automakers, by the end of the current fiscal year through next March.
    Local media said Panasonic's small battery business including lithium-ion batteries posted an operating profit of 4.1 billion yen in the April-June quarter,
    4 Aug 2013, 08:07 PM Reply Like
  • The fascinating thing about Panasonic's battery plant re-openings is they've already impaired the carrying value of the facilities so even though they couldn't manufacture profitably in a plant that still had a carrying value, they will be able to manufacture with something approaching marginal profitability in a plant they've already written down to zero.

     

    Once Panasonic runs out of unused battery plants that don't need to include depreciation in product prices, the cost to Tesla will have to increase to reflect the true cost of manufacturing.
    4 Aug 2013, 08:38 PM Reply Like
  • With the increasing demand from Tesla once they launch the Model X Panasonic may have to expand their operations further, maybe a JV with Tesla to prepare for the upcoming Gen3 vehicle.
    5 Aug 2013, 11:08 PM Reply Like
  • Ford Says Energi Owners Operating In All Electric Mode 60% Of The Time
    http://bit.ly/1b5ChTB
    Up from around 41% in the winter.

     

    Volt at 74.3% ---- 137mpg
    http://www.voltstats.net

     

    The difference can probably be attributed to the Ford having around 20 mi of battery life and the Volt at nearly 40. Also I expect there is a learning curve. Ford's numbers will go up a bit with experience.
    4 Aug 2013, 08:24 PM Reply Like
  • Several people have approached me privately, as well as some publicly in these fora, asking if I would run for the Board of Directors of Axion.

     

    1) Running against management rarely is victorious. Managements do not like to lose.
    2) A viable campaign is expensive. Even for a small company I am sure it is more than $10k, and probably >$100k. I am not personally interested in spending more than my Axion investment in legal fees.
    3) I have no interest in even exploring a run unless holders 10-20 million shares express interest.
    4) I have no interest in being a lone narcissist launching a fantasy campaign. I want a “campaign manager”.

     

    If a group, representing 10-20+ million shares and willing to cover the cost of a campaign, approaches me, I am happy to talk, and possibly run.

     

    A board member is very unlike a representative in a legislature. Legislators suffer from chronic oral diarrhea, attacking opponents, “investigating” causes, rent themselves out to the highest bidder, and suffer progressive cognitive dysfunction. Directors do not, unless they want to go to jail.

     

    A board operates as a board, not as a collection of individuals. Everything done by board members is confidential, both by SEC regulation and business management standards. Information is only released as approved by the board or by policy. As a director, I would not be authorized to share publicly more information than what is approved, and certainly could not violate NDAs. I most likely would need to stop posting on the APC entirely. I could work to change policy, but unless there already is a strong minority wanting change, boards tend to resist change and vote with management.
    4 Aug 2013, 10:40 PM Reply Like
  • >Rick Krementz ... Thanks. I think you're completely correct
    4 Aug 2013, 10:54 PM Reply Like
  • Thanks, Rick. Quite reasonable and upfront with everyone.
    4 Aug 2013, 11:15 PM Reply Like
  • RicK: Excellent comment that brings some things to think about.

     

    HardToLove
    5 Aug 2013, 06:45 AM Reply Like
  • Since it is probably already too late for this year, it is probably best to put this idea on the back burner. If there is no clear path to profitability or improvement in communication by this fall, howerver, maybe it will be worth resuming discussion in preparation for next year's meeting. I have a measly 100k shares which is small compared to many of you. And, while the power of those shares will likely be significantly diluted by this time next year, I would definitely vote them in favor of a shareholder activist type of board member instead of another management-picked yes man.
    5 Aug 2013, 10:15 AM Reply Like
  • Rick, Thanks for the enlightenment concerning the responsibilities of members of the BOD.

     

    I'm of the opinion that nothing is going to change without outside involvement of some sort. I think you'd make an excellent addition to the board and would be willing to vote my shares and make a financial contribution to support your inclusion. Please understand that I'm not of the mindset that a huge "shakeup" of the board is required but based on what I can see of your background and time spent here, I think you'd offer a fresh perspective to Axion's oversight. One that I think would be helpful in areas like communication and market opportunities for the technology.
    5 Aug 2013, 12:30 PM Reply Like
  • 08/02/2013: EOD stuff partially copied from instablog (up already).
    # Trds: 63, MinTrSz: 300, MaxTrSz: 15400, Vol 263290, AvTrSz: 4179
    Min. Pr: 0.1700, Max Pr: 0.1800, VW Avg. Tr. Pr: 0.1733
    # Buys, Shares: 9 40200, VW Avg Buy Pr: 0.1756
    # Sells, Shares: 54 223090, VW Avg Sell Pr: 0.1729
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:5.55 (15.3% “buys”), DlyShts 33200 (12.61%), Dly Sht % of 'sells' 14.88%

     

    Yesterday I said, in part, “But I think we might be in for a short, at least, period of plateauing”. Today seems to the start of it ... if we manage to hold in this area.

     

    Today's daily short sales seem to reflect dominance by ATDF, CDEL and NITE mostly. I think this is the case because in the past when we had very low daily short sales these were the most aggressive market-makers on the bids and asks. ARCA was not on the field today.

     

    Thinking of the rise in the semi-monthly short interest reports, early on I was suspicious of only one of the semi-monthly short interest reports because two of the first three could be just an effect of high daily market-maker normal short sales in the three or four days prior to the reporting date. I'm now of the opinion that was not the case and we have seen aggressive shorting by the PIPErs, as John Petersen has suggested.

     

    Looking at today's buy:sell you can see that hitting the bid was the game of the day, regardless of presented asks. The bid was hit on 87.39% of the volume and 85.7% of trades while the short sales numbers were extremely low. There were no really large trades to cause any of this. In normal times this should result in a higher volume and percentage of short sales.

     

    As indicated by the combination of high “sells” (volume and percentage) and low short sales (volume and percentage), someone with a long position was dumping. It's most likely folks selling through their broker-owned market-maker(s) because if the shares were not under market-maker control they would have to be flagged short sales, by rule, unless the trades were inter or intra-broker trades. The sizes of the trades, and their average, suggests these two latter types of trades weren't the case.

     

    In spite of that, VWAP held up quite well, dropping only marginally from yesterday's $0.1747. That's another aberration! If somebody at MAXM hadn't been on the bid side and holding steady all day, the VWAP would probably have been much lower today. That bid forced the “usual suspects” to bid above, supporting share price regardless of the heavy selling pressure, if they wanted shares.

     

    All this leaves me with a couple important questions: who's selling, and why, and who's buying, and why.

     

    As consideration for those with no interest, a somewhat lengthy discussion of this has been omitted here and placed into the “header” of my instablog.

     

    Look for “SNIPPETS FROM MY 8/2/2013 EOD COMMENTARY & ADDITIONAL THOUGHTS. I watched Mel Gibson's “Conspiracy Theory” this weekend”.

     

    Briefly, I suspect the “financiers” are doing their thing and it may support John's thoughts about short-term price depression and longer-term price support. That discussion wraps up with (referring to MAXM's static bid and what the “financiers” might be doing) “I can't say any of this is what is happening, but several are plausible scenarios that could account for today's 87.39% of trade volume and 85.7% of the trades hitting the bids while the short sales numbers were extremely low. There were no really large trades to cause this either”.

     

    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
    08/01: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295
    08/02: 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, 566, 263.29

     

    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: -175.2%, 23.4%, -15.6%, -3.9%, -1.2%, -1.8%
    5-day change: 237.3%, -52.3%, -34.5%, -204.0%, -36.3%, 51.1%
    5-day rate of change change: 36.6%, -365.4%, -91.9%, -2146.7%, -77.6%, 14.0%

     

    On my newer inflection point calculations, for those same periods:
    1-day change: -95.9%, -35.5%, -108.7%, -26.8%, -14.3%, -36.5%
    5-day change: -39.5%, 0.1%, -6.8%, 24.9%, 30.4%, 46.2%
    5-day rate of change change: 90.1%, 18.2%, 2.3%, 37.8%, 50.1%, 62.1%

     

    On my original experimental inflection point calculations, the 10-day period remains above zero again but is weakening, as you might have suspected from the five-day change and its rate of change. The 5-day reading is back below zero and it and all other periods are weakening, as suggested all those negative numbers.

     

    The newer version, incorporating other factors, has the 5 and 10-day periods still barely positive but weakening. From the readings above you can see that the newer version is a delivering less negative set of changes than the original calculations. I believe, for the moment, this chart's indication is for a flattening in our price action. We'll have to wait for it to develop more and see.

     

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

     

    HardToLove
    5 Aug 2013, 06:38 AM Reply Like
  • Great reading for those interested in heavy hybrids
    http://bit.ly/14ZDZjr

     

    Its an off-highway publication so nothing on OTR long-haul hybrids. (besides are there any, other than ePower? The duty-cycle is not ideal for hybridization)

     

    A takeaway for me is the emphasis series hybrid system makers have on collaboration with the engine manufacturer--to ensure proper communication and efficiency between the two systems.

     

    Epower needs to make sure that engine operation is in the most efficient zone. Glad they are reportedly working with Cummins.
    5 Aug 2013, 10:24 AM Reply Like
  • Sounds like a more complex competitor to ePower, if they were both targeting the same market. A lot less off the shelf parts, so more expensive to repair.
    6 Aug 2013, 08:27 AM Reply Like
  • More future world stuff.

     

    Simple technique puts graphene capacitors on par with lead-acid battery

     

    http://ars.to/16XQHlG
    -
    I guess we're classified as a supercabattery based on their definition.

     

    Supercapacitors finding new markets and applications as new types emerge

     

    "n some contrast to lithium-ion batteries, where the number of manufacturers is rising to 200 amid spectacular bankruptcies that are only a foretaste of the shakeout to come, there are only 80 manufacturers of supercapacitors and supercabatteries, none of them occupying huge, largely idle production lines like those encountered at leading lithium-ion battery companies. In part, the optimism comes from the fact that supercapacitors are improving faster than batteries and they have the potential, theoretically at least, to match or hugely out-perform the parameters of batteries."

     

    http://bit.ly/16XQHlI
    5 Aug 2013, 12:19 PM Reply Like
  • >iindelco ... That is an interesting process. I do wonder how scalable it might be but it is just a lab experiment right now. I'm not going to worry about it competing with a battery right now because I think the first, most valuable, use of a cheap graphene sheet process will be adding a "light amplifier" to solar panels. I've read that such a device could boost PV panels into the 40-50%+ range for efficiency by turning infrared into visible light the panel chemistry can use.
    5 Aug 2013, 12:44 PM Reply Like
  • DRich, I'm in agreement with where you're going with your thought process. I think we often think about the possibilities of these advancements and what it might mean to the PbC battery. However we need to recognize that energy storage has many uses and there are many many markets where many of these "new tech." energy storage devices would be utilized first due to higher margins and the types of technology that would scale them more readily.
    5 Aug 2013, 01:05 PM Reply Like
  • HTL, nice to see that PERT bid of 261k at 16.7.
    5 Aug 2013, 12:44 PM Reply Like
  • MrI: Was too busy to post when I saw it. But since MAXM set back at $0.0001 again, I'm glad PERT is filling in.

     

    HardToLove
    5 Aug 2013, 02:13 PM Reply Like
  • With today's action accelerating the decline on very heavy volume, the recent "New Big Uglies Out of Stock and Tom Konrad Rally" is looking more and more like a suckers' rally.

     

    But more time will tell. The new race is on: NBUs and retail selling vs big, sticky news.
    6 Aug 2013, 01:02 PM Reply Like
  • Mr I,

     

    I don't think we will see a sustainable rally until some substantial news comes out with regards to sales...
    6 Aug 2013, 01:07 PM Reply Like
  • Amouna, concur. Been thinking that since the PIPE activated.

     

    Approx 7.7 million shares ($1.0mil/$.1295) sometime early this month is their latest chunk, which is big, so it should provide a good test of their actions.
    6 Aug 2013, 01:20 PM Reply Like
  • I guessing todays decline is the Ed Buiel panic.
    6 Aug 2013, 02:00 PM Reply Like
  • NGS: I guessing it's the financiers dumping their new shares acquired at $0.1295. I've been suggesting this is one of the possibilities.

     

    HardToLove
    6 Aug 2013, 02:06 PM Reply Like
  • NGS and HTL, I'm guessing you're both correct.

     

    There are many shares controlled by people on this board and new information is applied quickly.
    6 Aug 2013, 02:20 PM Reply Like
  • NGS ... Equity markets in general are down today. I'm thinking HTL is on the mark re-PIPErs dumping recently acquired shares to improve liquidity for alternative investments while market is down.
    6 Aug 2013, 02:23 PM Reply Like
  • Iindelco: prior to the time EB posted, VWAP was $0.1644, sell volume % was 48.41% and percentage of trades that were sells was 86.11%.

     

    The price drop since would be normal behavior, as we've observed many times, and even more likely if the financiers are in. The sell % would've been much higher if not for a few very large trades that went off as "buys".

     

    The "convincer" for me is the % of trades that were sells before EB posted.

     

    That metric reminds me of 8/2 action.

     

    I've no doubt that some action is not financiers though.

     

    HardToLove
    6 Aug 2013, 02:38 PM Reply Like
  • Thanks HTL, Good insight and I support your conclusion.
    6 Aug 2013, 02:46 PM Reply Like
  • Several folks on here have already admitted to dumping shares since Ed Bueil posted his news and opinion of the situation. Adding that to the PIPERs certainly ain't helping. I still have my buy order in at .0105 but so feel free to jump ahead of me with a higher bid.
    6 Aug 2013, 03:28 PM Reply Like
  • NGS,

     

    I am deep to my neck with AXPW. Will consider deploying some more cash if it crosses below 0.05 to average down!
    6 Aug 2013, 03:40 PM Reply Like
  • This new Forbes blog explains a lot:

     

    "Prius Fans Love Tyler Perry, Tesla Devotees Smoke Weed, Study Shows"

     

    http://onforb.es/1cDJsUR
    5 Aug 2013, 02:12 PM Reply Like
  • "...Tesla Devotees Smoke Weed, Study Shows"

     

    once again, the innocent get blamed. someone always has to denigrate the noble and inspiring.

     

    of course, I'm referring to another negative reference about the noble and inspiring weed . . .
    5 Aug 2013, 02:31 PM Reply Like
  • Hi JP,
    Don't worry about them, they're only smoking the good stuff, 100% separate out the seeds and stems for the garden. :-)
    5 Aug 2013, 02:32 PM Reply Like
  • Probably a prescription medication covered by insurance.
    5 Aug 2013, 05:29 PM Reply Like
  • I thought we were all smoking "hopium" ;)
    5 Aug 2013, 11:16 PM Reply Like
  • OMG .... I'm closeted Teslador.

     

    This is a disaster!!!

     

    What's Next .... I'm going turn into a Conservative ... or worse ... a Republican???

     

    Shoot me now ... I just can't take the strain of the worry.
    5 Aug 2013, 02:30 PM Reply Like
  • The early signs are shortness of breath running up steep stairs and especially if followed by a craving for water...

     

    There is no cure, but there are treatments sold dearly down in Mexico that are rumored to slow down the progress of the disease.
    5 Aug 2013, 04:38 PM Reply Like
  • But only for imported bottled water!
    5 Aug 2013, 05:02 PM Reply Like
  • Can't drive your model S there though. The cure, just outta' reach. Drat.

     

    http://bit.ly/13fVw7Q
    5 Aug 2013, 05:45 PM Reply Like
  • You guys are making life really, really hard on this poor soul. I've had to suffer through "Twinkie" withdrawal this year. Now I'm supposed to give up the reason for my "Twinkie" addiction because I can't afford a Model-S and can't think of a reason I would. Maybe I need to up my dosage.
    5 Aug 2013, 09:22 PM Reply Like
  • DRich, They're Baa ack. Plus Ding Dongs. No word on Zingers, so you'll have to come here for those! :)
    6 Aug 2013, 08:02 AM Reply Like
  • I'd mentioned the need for redundancy once you go "by wire" for safety related functions in a vehicle.

     

    I'm thinking it's a connector seal.

     

    BMW recalls 140,000 vehicles in China

     

    "Analysts said the recall, due to water corrosion from a faulty seal, appeared less serious than that issued by Volkswagen in March."

     

    http://on.ft.com/14e2rBU
    5 Aug 2013, 03:00 PM Reply Like
  • Have you noticed XIDEQ today?

     

    12100606 (aka Yoyomama)
    5 Aug 2013, 03:22 PM Reply Like
  • Still sitting in the shop per this picture posted July, 30 2013.

     

    http://bit.ly/13Vcszr

     

    Edit This would have made for a grand Shakespearean tragedy.
    5 Aug 2013, 06:26 PM Reply Like
  • I look forward to saying, "nice rack."
    5 Aug 2013, 08:06 PM Reply Like
  • "A Juniata rebuild sits in the shops. This unit only runs on truck batteries."
    5 Aug 2013, 08:21 PM Reply Like
  • The highest view count of the other trains is 19. The 999 is over 600.
    http://bit.ly/14v4010
    5 Aug 2013, 10:28 PM Reply Like
  • As we used to say in the Navy, that's because she's a hanger queen (always in the shop under repair).
    5 Aug 2013, 10:39 PM Reply Like
  • Apm
    Move her out of the hanger and watch them go up.
    5 Aug 2013, 10:45 PM Reply Like
  • I have to question the true date of the photo. The same date has been applied to 31 other photos that were taken from multiple locations, the photographer must have been real busy that day!

     

    http://bit.ly/14v4010
    5 Aug 2013, 10:56 PM Reply Like
  • MrI: Ought to have a good looking caboose too!

     

    HardToLove
    6 Aug 2013, 06:14 AM Reply Like
  • Stefan, Almost time for a rebuild the rebuild program.

     

    You have to wonder why they ordered the batteries in April 2012. Whole thing looks like a cluster flup. Good one for the don't do this chapter in Program Management 101, The case of the too long program "THelEn Back".
    6 Aug 2013, 07:55 AM Reply Like
  • Sitting in "the shop", but apparently not an Altoona shop. Stated location is Cresson, Pa.

     

    The NS999 has moved again?
    6 Aug 2013, 10:14 AM Reply Like
  • D-inv, Looks like Juniata brick/service bay to me.
    6 Aug 2013, 10:40 AM Reply Like
  • Text above the pic identifies the location as Cresson, Pa.

     

    If one clicks the link presented as photographer (Brett Jones) name, one can view a collection of photos with locations given as Cresson, Altoona, Cassandra, etc. So, I gather that the stated location is where the photo was taken and not where the photographer lives.
    6 Aug 2013, 10:49 AM Reply Like
  • >D-inv ... There are no locomotive shops in Cresson, Pa. Just a junction & sorting yard. The picture is the Altoona Works. About 11 miles away.

     

    Sorry to disappoint.
    6 Aug 2013, 10:52 AM Reply Like
  • DR > Not trying to be contentious, just to understand how the info presented holds together. Picture location is given as Cresson, not Altoona.

     

    Description of the locomotive pictured is given as "a Juniatta rebuild sitting in the shops." Descriptions stated in other photos include items such as
    -- "NS 6316 holds back NS 8888",
    -- "At Carneys Crossing",
    -- "The last of the Breed",
    -- "It was sad to see her go but U got to pay a visit and see my favorite railroad sitting by the shops they use to run. Goodbye CRQ."

     

    Is there no possibility that a "junction and sorting yard" has no brick structures for routine maintenance and repair?

     

    Sorting yard. Is that the type of facility where a "switcher locomotive" might be used?

     

    If NSC wants to evaluate NS999 performance in stealth mode would it not be reasonable to presume the unit would be parked "inside" during daylight hours and worked at night?
    6 Aug 2013, 11:32 AM Reply Like
  • If they really wanted to be stealthy, they just would paint another number on it every few days. And maybe put a little smoke machine with a fake exhaust.

     

    Certainly it is not "stealth" if they haven't even bothered to close the door.
    6 Aug 2013, 11:47 AM Reply Like
  • >D-inv ... At Cresson, there is a grand total of 1 shed. It is a metal building. I don't know the function but it is barely big enough to put a locomotive in. I would suspect that it is for car repair and/or inspection or, more likely, support for the fuel rack.

     

    There are no brick buildings. Go look. I'm not going to quibble over the tag.
    6 Aug 2013, 11:53 AM Reply Like
  • Just google map Cresson, PA and look for railroad tracks.
    6 Aug 2013, 12:14 PM Reply Like
  • DRich: Is this it?

     

    http://bit.ly/14gIMkO

     

    Got it from here.

     

    http://bit.ly/14gIMB4

     

    This link looks handy - maybe we can find a cam for where the NS-999 is at.

     

    HardToLove
    6 Aug 2013, 12:24 PM Reply Like
  • D-inv, you may want to look at Altoonawork's facebook picture from, I think it was June 30th, at night. The bay looks almost identical to the pic posted yesterday., including the decal on the overhead roll-up door, and many other features.

     

    My advice is to go with the simplest solution. "Cresson" was in error.
    6 Aug 2013, 12:38 PM Reply Like
  • Following up to my comment:

     

    Or maybe be NS is actually CIA-stealthy, and we are just seeing photos of a cardboard mockup perpetually in the shed, and the real, fake numbered battery loco is working 23 hours a day.

     

    [ this is a joke ]
    6 Aug 2013, 12:45 PM Reply Like
  • >H.T.Love .... The Station Inn is about 1/4 mile South of the junction. You can see it but not the yard (West of the junction) or the passing tracks (further South).
    6 Aug 2013, 02:24 PM Reply Like
  • DRich: Drat! Oh well, it'll be fun to check in some locations on that list once in a while and watch some movement that's not down! :-))

     

    HardToLove
    6 Aug 2013, 02:41 PM Reply Like
  • 08/05/2013: EOD stuff partially copied from instablog (up in the A.M.).
    # Trds: 93, MinTrSz: 400, MaxTrSz: 21000, Vol 425674, AvTrSz: 4577
    Min. Pr: 0.1650, Max Pr: 0.1711, VW Avg. Tr. Pr: 0.1680
    # Buys, Shares: 36 143044, VW Avg Buy Pr: 0.1684
    # Sells, Shares: 53 270930, VW Avg Sell Pr: 0.1678
    # Unkn, Shares: 4 11700, VW Avg Unk. Pr: 0.1674
    Buy:Sell 1:1.89 (33.6% “buys”), DlyShts 105969 (24.89%), Dly Sht % of 'sells' 39.11%

     

    There was a 5K AH trade FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 420,674 to my total and would lower the short percentage from 25.19% to my 24.89%. If the shares are also added to the short sales, the short volume moves from 105,969 to 110,969 and the short percentage would be 26.07%.

     

    MAXM was back to their normal $0.0001 bid today, but “Nor worries mate”! PERT stepped in at 12:36 with a “floor” bid of $0.167 x 261.6K. As with MAXM, they demonstrated no serious intention of buying as no bid from PERT higher was seen and no movement whatsoever was seen. As with Friday's strategy, the usual suspects, plus VERT briefly, had to but bids above that to have a chance to get any shares. Even though the “hitting the bid” was not as dramatic today (only 63.6%, well below Friday's 84.7%), those who wanted shares around this price were rewarded.

     

    Tomorrow we'll want to see if a floor is again established, at what price, and which market-maker performs the function for the “financiers” as they continue to flip a quick profit from the shares issued as part of the financing deal.

     

    I'd summarize today as “return to normalcy”. Daily shorts sales moved into a normal range, buy:sell is in a normal range, long-term volume is normal (slightly below the 100-day average of ~459K) and below short-term normal (10, 25 and 50-day averages in thousands are 746, 663 and 618), and average trade size is to the low side of (the new?) normal.

     

    Given our history, this obviously suggests we will now see price weakening. We could plateau, but I'm loathe bet on it given the lower “floor” established today and the changes in my experimental inflection point calculations and the ominous “financiers” looming everywhere I look and, and, and ...

     

    ARCA was on the field today and participated by displaying little patience, but also did not do any large-volume selling. They didn't hang-in or hang-around for long today.

     

    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
    08/02: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295 Wk cls VWAP $0.1733
    08/05: 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, 2731.
    Vol, in K, for above days: 425.7

     

    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: -675.2%, -138.0%, -0.4%, -4.2%, -0.6%, -2.1%
    5-day change: 282.6%, -53.1%, -59.7%, -373.2%, -132.0%, -199.4%
    5-day rate of change change: 146.9%, -53.0%, -1220.4%, -116.1%, -546.3%,-72.3%

     

    On my newer inflection point calculations, for those same periods:
    1-day change: -5499.4%, -160.9%, -65.1%, -44.0%, -27.6%, -59.7%
    5-day change: -97.8%, -93.1%, -108.7%, -171.9%, -132.5%, -138.3%
    5-day rate of change change: -344.8%, -210.1%, -138.5%, -130.3%, -97.8%, -88.9%

     

    On my original experimental inflection point calculations, not much to say except they reflect what they have been suggesting and we can see – the 5 and 10-day calculations both below zero, removing any real suggestion of near-term appreciation.

     

    Ditto for the newer version.

     

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

     

    HardToLove
    5 Aug 2013, 06:49 PM Reply Like
  • I've just learned that Axion has lost another person, Jay Dandrea in addition to Chuck and Bill. Jay was single handedly responsible for the development of the carbon sheeting line. Jay is extremely talented and IMO was the only person at Axion who could have served well as a CTO. I don't have any details as to why he left but I do know he was very discouraged by what was happening at Axion. I think this is very unfortunate for Axion and marks just another mistake in what appears to be a long series of poor decisions.

     

    I really hoped that Axion would be a success, if for no other reason than to be able to say I helped start the company. I can't help but feel my interest in Axion completely lacking and I'm going stop following this message board. If someone has a question or wants to contact me, please email me at ebuiel@hotmail.com.

     

    Best of luck to everyone,
    Ed.
    6 Aug 2013, 10:41 AM Reply Like
  • Thanks for the info Ed. It is very valuable!

     

    Time to grill TG on what is really going on out there!!! If he can't be honest with his shareholders, then it is high time he is replaced...
    6 Aug 2013, 10:45 AM Reply Like
  • Thanks for the info EB. I don't even want to waste my breath with how aggravated I feel. Where there is smoke, there is fire and it's been smokey in New Castle for a long time.
    6 Aug 2013, 11:21 AM Reply Like
  • Dr. Buiel, Thank you for your contribution to the board. All the best to you in your new areas of interest.
    6 Aug 2013, 11:22 AM Reply Like
  • I feel let down by this management team. I am now losing all remaining trust I had in their ability to steer Axion in the right direction to be honest.

     

    Sales haven't been happening for a reason, and while it is tempting to blame external factors and timing and customer fussiness for the lack of progress, I think they have to come out of denial and first acknowledge that they are also responsible for the current situation. Sure they may have led the company from a PbC lab prototype into a commercial entity, but now that the very people responsible for Axion's milestone developments are calling it quits one has to wonder.

     

    Remember the sales executive who went to Rosewater? Some will say it was a non event, now with Jay's departure you start getting a pretty accurate picture as to what is going on in New Castle: TG and the board are IMHO losing a grip on the company, and it is time for a REAL strategic review
    6 Aug 2013, 11:34 AM Reply Like
  • "Remember the sales executive who went to Rosewater? "

     

    Amou ... The reputed "sales executive" was a contractor if I'm not mistaken and not directly on Axion payroll. And, I don't see much evidence that party produced much in the way of sales. But then, neither has Vani Dantam.
    6 Aug 2013, 11:44 AM Reply Like
  • Ditto D-inv!

     

    What is troubling me is the sequence of departures from a company supposedly on the verge of exploding sales. Why wouldn't these guys stick around and watch their shares vest and appreciate in value? Unless they themselves are discouraged by the way Axion is currently run, and can't see a clear path of progression going forward...

     

    Just my opinion, and feel free to debate :)
    6 Aug 2013, 11:48 AM Reply Like
  • Departure of the guy that did the carbon sheeting is less concerning to me since we know that Axion watches spending closely. Once the sheeting process is complete, and most other processes as well, what would Jay being doing, near and medium-term?

     

    All businesses shed people when no longer needed. If Jay was no longer needed, he might have left for greener pastures (job satisfaction) and/or been released since the business had no need for his skills for now.

     

    Cold, but that's what business does, no? Other thoughts?

     

    HardToLove
    6 Aug 2013, 12:03 PM Reply Like
  • How can this be? TG said the staff had an extra bounce in their step? I took this comment to mean morale was good. Could the bounce have been confused for a limp?
    6 Aug 2013, 12:16 PM Reply Like
  • HTL, if I was Axion management and Jay was a valuable employee, I would work very hard to keep him. When an employee leaves, there is always a heightened risk of confidential information getting shared, regardless of NDAs. I cannot imagine the improvement in the sheeting process is such that it cannot still be improved upon. If he was the key person in making it work, he presumably would be the key person to troubleshoot problems and getting it going again when it is down. He is even MORE valuable to the company now that he has proved the system works (or so we are told). I would not let him find greener pastures if I could.

     

    The business plan envisions setting up multiple sheeting lines in diverse locations to guarantee supply to customers such as BMW. Axion needs the guy who did it. "Perfect documentation" does not exist.

     

    Of course, I know absolutely nothing about him. He may be an alcoholic caught stealing from the company and banging the boss's secretary/mistress while both are being paid overtime. (But I doubt it.)
    6 Aug 2013, 12:19 PM Reply Like
  • HTL,
    " Departure of the guy that did the carbon sheeting is less concerning to me since we know that Axion watches spending closely. Once the sheeting process is complete, and most other processes as well, what would Jay being doing, near and medium-term?"
    This was my thought as well. I hate to see the knowledge drain on the company, but once Jay had accomplished what he set out to do with the carbon sheeting line, you have to wonder if he didn't start looking for a new challenge, much like Dr. Buiel did when he left. Plus, after being there so long, you have to wonder how many of these guys are just tired of living in New Castle PA?

     

    http://bit.ly/12XOQjR
    6 Aug 2013, 12:24 PM Reply Like
  • And let's not forget Bob Averill leaving the Board. To some here he was THE person at the company, with his experience guiding three other companies to success.
    6 Aug 2013, 12:32 PM Reply Like
  • Rick....My thoughts exactly... I do not view the other employees leaving a positive either, and Dr. Buiel leaving the APC here is sad.

     

    Good luck Dr. EB and I will save your contact info.
    6 Aug 2013, 12:39 PM Reply Like
  • "Plus, after being there so long, you have to wonder how many of these guys are just tired of living in New Castle PA?"

     

    I don't think that living in New Castle has much to do with it to be perfectly honest. New Castle is 60 miles from Pittsburgh (big city) and the idea of commuting shouldn't scare many employees, especially when if they are convinced that the technology they are working on is very promising, and have unwavering trust in the future of their company. On the other side, if employees start to get disillusioned, then they start leaving.

     

    These are just too many red flags to be ignored, and we would better ask the tough questions at the next CC
    6 Aug 2013, 12:54 PM Reply Like
  • With due respect to Dr. Buei and all that he has achieved,

     

    I still cannot understand why he insists that the batteries returned from the German testing agency were not PbC's.

     

    We know that AXION is not in the market to make batteries but rather to provide electrodes to go into new PbC batteries. What would be the point in supplying bog standard batteries for testing if the company is not planning or capable of producing them?

     

    He has been out of the company for some time and may well be way out of touch with what the current situation is.

     

    I for one am not convenced as to his reliability in this or any other matter at this point.
    6 Aug 2013, 12:58 PM Reply Like
  • AinB, Ed might have more to say about Jay and other matters in a private conversation. He left his email address and offered to help, so that is a chance for you and everyone else here to gather more info.

     

    I found Rosewater to be helpful in getting info that I didn't get anywhere else, too.
    6 Aug 2013, 01:12 PM Reply Like
  • Rick: Good points. But just as I left a secure job at a large company when the work was no longer interesting to me, Jay may have done the same.

     

    I had trained my replacement and the boss I worked for was a grade-A a$$. Since he wouldn't work with me on transferring to some interesting work, which I knew to be staffed with people with *no* experience in what they were working on, and projected a rather smug attitude to top it off, it was "So long Sam".

     

    HardToLove
    6 Aug 2013, 02:10 PM Reply Like
  • Perspective may be helpful here. Ed has said they he wishes Axion had a CTO and that person would aggressively push the PbC into new applications, where it would shine.

     

    Ed said he thought Jay would have made a good CTO. Hence some of Ed's disappointment, I'm thinking. Still no CTO and now no Jay, either.
    6 Aug 2013, 02:25 PM Reply Like
  • It's my understanding that the carbon sheeting was a special project that required a special hire. I've lived my entire professional life as a special projects kind of guy where I spend a couple years, do my level best until my goals are reached and then move on to something else. I find speculation about what somebody's job might have been, what his future contribution might have been and his possible reasons for leaving relatively useless. Unless employees are named in a company's SEC filings they're none of the stockholders business.
    6 Aug 2013, 02:28 PM Reply Like
  • When key employees leave, whether it's in a prospectus or not.... is shareholders business, especially with a company as small as AXPW where almost every key employee multi-tasks to a degree & this was one who worked on the biggest key to their business.

     

    The only thing that is bigger interest & shareholder business is when the CEO, Chairman of the Board and several other members of top level mgt. move out.
    6 Aug 2013, 09:54 PM Reply Like
  • If the carbon sheeting line is operational, then Jay's continued need is probably not necessary as others have stated.
    6 Aug 2013, 11:04 PM Reply Like
  • You need to look at the weights of the shipment. It is consistent with 20 VRLA batteries plus pallet/packaging weight. VDA homologation testing requires 20 batteries. If this were PbC there would be roughly 30% more because of their lighter weight - 26. The lab the batteries came from is designed specifically to provide standard testing services for the German automotive industry. This would not be the place to test a new battery technology and there would be no reason run PbC batteries through standard automotive qualification testing for lead acid batteries. Axion has done a lot of work to understand why lead acid batteries do not work in start stop applications - charge acceptance is poor. If Axion had a bettery lead acid battery this would be an incredibly valuable technology, probably more valuable than PbC because it would be a simple replacement for the standard lead acid battery. I can see why BMW would really want this and even prefer this to PbC. Putting this together with the weight of the shipment, need for 20 batteries for homologation testing, and the lab that the batteries came from, I thought it was encouraging. I bring it up as a possibility that I see as plausible based on the facts above. I am sorry I do not have the weight information handy, but I went through this in detail in previous posts.
    6 Aug 2013, 11:17 PM Reply Like
  • LT> Employees that are not identified by name in a company's SEC filings are, by definition, NOT KEY!
    7 Aug 2013, 01:11 AM Reply Like
  • Ed,

     

    I like your theory that either it is a better LAB battery or the PBC, as opposed to the PbC or bust.

     

    If so Axion would indeed be pulling a nice surprise out of its hat for once. Worst case, it's PbC so it seems either way progress in the BMW relationship is afoot and fruit should be borne sooner than later.
    7 Aug 2013, 02:36 AM Reply Like
  • @bazooka, I think you are taking Ed's statement waaay out of context. There is no "better LAB" hiding in the shadows at Axion.
    7 Aug 2013, 09:07 AM Reply Like
  • I think bazoooka did a great job of reading between the lines on Ed's comments. Former insiders like Ed and I have to be very cautious about what we say and what we don't say. I'm very open about Axion issues that are already in the public domain but I'm also aware that some of the things I know are not appropriate for discussion in a public forum. I'd expect no less from Ed.

     

    Ed looked at the bill of lading for the batteries that were shipped back to Axion from Germany and concluded the shipment weight was too high for PbC's but just right for advanced lead-acid.

     

    I trust Ed's ability to reach an accurate factual conclusion based on product weight alone.
    7 Aug 2013, 09:56 AM Reply Like
  • Very little has been shared concerning work Axion did with advanced LAB additives in the past. Given Dr. Buiel's work at Meadwestvaco it's an interesting point. I once thought that this might have been in fact what stirred interest in Axion from entities like East Penn and Exide. We know they are both very interested and active in this area.
    7 Aug 2013, 10:07 AM Reply Like
  • East Penn has been there from the very beginning and one of the most helpful big fish I've ever seen. Even when they could have over-reached, they were too ethical to do so.
    7 Aug 2013, 10:31 AM Reply Like
  • John, You'd know better than I.

     

    My comments come from the fact that my expectation is that companies don't chum up unless there's something in it for both parties. In the case of East Penn it might just be that they want to keep a close eye on what Axion comes up with. This to avoid being on the wrong side of disruptive technology or to assess an opportunity. Maybe any # of reasons.

     

    I doubt it's because of a CEO love fest.

     

    I'm not bringing this up in a negative way. Symbiotic relationships are a good thing in business. Then there's Exide for contrast.
    7 Aug 2013, 10:55 AM Reply Like
  • >iindelco ... I'm still not counting Exide out as future manufacturing partner for Axion. It should be very interesting to see what comes out the other end of Exide's BK. I notice a lot of trading going on recently and read rumor that the commons might not get wiped-out .... yeah ... right. Anyway there is quite a bit of interest in this company.
    7 Aug 2013, 11:03 AM Reply Like
  • DRich, It could happen. After all it will have new leadership, new investors and be much stronger once the stock holders are wiped clean or close to it. Also they will determine how much of their environmental issues they wish to leave with the US taxpayer as has been going on for some time.

     

    Wait a few years and you'll see an article or two on what GM and Chrysler dumped on the taxpayer. The cleanup will dwarf the bailouts.
    7 Aug 2013, 11:47 AM Reply Like
  • DRich, Signals like this make me think about where Exide is going post BK.

     

    Closure of battery recycling plant in north BR a cause of concern

     

    "Environmental activists are asking the state to make sure that any hazardous wastes left after the closure of a north Baton Rouge battery recycling plant are not a harm to the community."

     

    http://bit.ly/18aD6bY
    7 Aug 2013, 12:59 PM Reply Like
  • Toady's (Freudian slip?) financier support is brought to you again by PERT with 275K bid @ $0.16 @ 11:22.

     

    HardToLove
    EDIT: Well, that didn't last long. 11:36
    6 Aug 2013, 11:27 AM Reply Like
  • The many personnel changes could be positive

     

    When a company moves to an emphasis on marketing and bottom line execution sometimes existing staff need to be replaced to strengthen other areas

     

    Employees with stock options considerably higher than the existing price can lose much of their motivation to fight on and seek other opportunities

     

    Agree... must ask TG the next chance we get why all the changes in senior personnel and are they being replaced with others more strategic to AXPW success
    6 Aug 2013, 11:42 AM Reply Like
  • "The many personnel changes could be positive."

     

    One can always hope or smoke the hopium, but there's no way to know anything b/c TG glosses or doesn't discuss the negatives.

     

    Rather he leaves us with "a bounce in his step" or "300% increase in revenues."
    6 Aug 2013, 11:55 AM Reply Like
  • Employees would be just as fatigued as Axionistas. I don't find it surprising some have looked for other positions over this period. We'd have to know where Jay went to decide the real reasons. So far it appears Chuck left for family reasons and the contractor left to take a CEO job. I'm concerned but not alarmed yet. It takes time to find another position - therefore I don't believe it's any signal of lack of progress over the last few months. That is, the BMW, NSC, and ePower potential is still there.
    6 Aug 2013, 11:55 AM Reply Like
  • I am starting to be a bit alarmed because common sense tells me when you have worked hard at a position and you are close to seeing the fruit of your labor - in this case the commissioning at scale of the proprietary Carbon electrode line - you DON'T bail out just like that to go somewhere else. Instead, you stay on board and enjoy the ride :)

     

    Again Ranma, as you said, we have to see where Jay is going to really have a sense of what is going on over there at New Castle
    6 Aug 2013, 12:01 PM Reply Like
  • >Ranma ... I wonder if it is not time to ask about succession planning. None of the original band is, what I'd call, spring chickens and this wouldn't be the first group to breakup and acquire new members to continue with. I don't think it is a subject for a CC but the next stockholder meeting should address ... in detail ... not only when product might go out the door but who is going to be doing it 1,2, 5 years down the line.

     

    I don't see many likely candidates in the company right now.
    6 Aug 2013, 12:03 PM Reply Like
  • That would be a good question to ask, and the departures give the excuse to do so.
    6 Aug 2013, 12:15 PM Reply Like
  • The latest rant of an ex CTO, insight or poison, that is the question!

     

    The loose cannon fires another shot! Claiming no knowledge of "details" , ascribes Mr. Dandrea's feeling of being "very discouraged by what was happening at Axion", and declares this departure as an AXION "mistake".

     

    Gone since 2010, repeatedly admitting lack of information about the workings of the Co., but shooting barbs out of a claimed concern and well wishes for AXION.

     

    These posts are rife with intrigue, mystery via the use of tidbits of disconnected information to amplify the validity of an unclear premise/agenda.

     

    A talented scientist I am sure, Very important part of AXION's history/development, but the incongruity of these posts can not be ignored!

     

    I am sure this will fuel the fire for those as angry/upset/discouraged with this stock's performance. Ironically many of those are suffering from the same lack of information and real knowledge of the workings of AXION. I do share the frustration (poor stock performance and information blackout) but I must question the motivations of these unsubstantiated 'pot shots' of partial truths without any further information following. In one of my careers this behavior would be classified as creating 'Staff Splits' or 'poisoning relationships', often perpetrated by a narcissistic personality to benefit an unknown and selfish agenda.
    6 Aug 2013, 12:27 PM Reply Like
  • 42itus1,

     

    Why are you trying to shoot the messenger for information that we wouldn't have had otherwise? The information is a fact, now how each and everyone deals with it is personal. I happen to be over-analytical and run all sorts of scenarios in my head trying to understand why such and such thing has happened. Others on this board are clearly not as worried as I am, but the fact is another senior employee has departed, and the progress is painfully slow on the sales front. Everyone has his own interpretation of it!
    6 Aug 2013, 12:35 PM Reply Like
  • I believe that Dr. Buei's comments were observations and conjecture rather than facts.
    6 Aug 2013, 01:03 PM Reply Like
  • John Petersen thought so highly of Ed that he worked to get him to post here, so I would not take Ed's comments lightly.
    6 Aug 2013, 01:09 PM Reply Like
  • Substantially all of his posts from the beginning were highly critical of Axion. The question is, do they reflect insights or fatigue like the rest of us?
    6 Aug 2013, 01:23 PM Reply Like
  • Directionally, at a minimum, Ed has been right. The stk price was a lot higher when he began posting than it is now.
    6 Aug 2013, 01:26 PM Reply Like
  • If we add up all of the info that has been available to us over the past 6 months it is not very difficult to become discouraged about having an investment in this company. I still "hope" that BMW and NS or any of the other potential opportunities come through and save the day but what if they decide to leave just as some of the key personal and customers (Rosewater) have done? Yes we can explain away a lot but this deadly silence in regards to any good news is not sitting very well on my gut instincts! Been there before when the company with a great product didn't make it!

     

    Disclosure: I am sad to report but I have been shedding portions of my holdings until I see something positive and powerful released!
    6 Aug 2013, 02:02 PM Reply Like
  • >Amouna,

     

    I have never been known for being under analytic, and as a messenger myself I am pleased to announce that I was able to dodge the shot that came my way!!

     

    It would be wholly inappropriate for management to announce the departure of every employee (illegal in some jurisdictions), which is all that Mr. Dandrea was. I would bet that few of the AXIONISTA's were aware of his existence before Dr.Buiel's post. I don't know whether Mr.Dandrea was a party to the Patent on the carbon sheeting process or not. He may well have been a very valuable asset and the loss may be great or ...? You have ascribed his status as being a "senior" employee so I presume you have greater knowledge of his role than I do. I don't know any real information on this subject other than some veiled conjecture from an ex CTO regarding his departure.

     

    What I do know is that unlike the ex CTO I am willing and available to respond to your legitimate inquiry of my perspective. Such has not been the pattern for the posts from Dr. Buiel.

     

    Back in '09-'10 when Dr. Buiel was apparently unwilling to agree to contract terms, John Petersen became somewhat dismayed with my perspective that he should be eliminated, as found on the yadoodle board at that time. I have a very liberal approach to most labor considerations (read pro employee/union) but there were signs, which I don't recall the specifics, of that led me to fear his role and led me to view him as a loose cannon even then.

     

    I grew up around many brilliant scientists and worked with many talented engineers, but I learned that, other than on TV, what made the best, special, was their focus on a task/question. Turns out they were not so expert on many other tasks/questions.

     

    As I said, I do honor Dr.Buiel's role at AXION, but the Co. has survived his departure, though the share price has declined, and I don't believe this latest departure is going to cripple AXION either.
    A discussion of his departure is a healthy/legitimate consideration for this board if there is any real information to be had. However, the Henny Penny approach is just not productive, in my view.

     

    I agree completely that we all process information differently and I am glad you have questioned mine. I hope my words here have helped clarify my interpretation(s).
    6 Aug 2013, 02:27 PM Reply Like
  • I have tremendous respect for Ed's ability as a technician. At a time when Axion needed a brilliant time to create a technology he was the perfect answer. Once the technology was developed and the focus shifted to manufacturing and process optimization, his skills were less valuable. Small companies hire specialists all the time to take on a project, succeed or fail at their assigned task and then move on.

     

    Without an intimate insider's knowledge of what the go forward needs of an enterprise will be, it's impossible to tell whether staff changes are good or bad. They're just changes and part of the day to day tedium of building a company.
    6 Aug 2013, 02:33 PM Reply Like
  • RBrun357,
    "If we add up all of the info that has been available to us over the past 6 months it is not very difficult to become discouraged about having an investment in this company. I still "hope" that BMW and NS or any of the other potential opportunities come through and save the day but what if they decide to leave just as some of the key personal and customers (Rosewater) have done?"

     

    I've been invested in Axion for three years. While I think everything has gone at a glacial pace for both BMW and NS, I still have to look at the fact that the PbC, especially for BMW, is not a drop in battery. The fact that they would have to modify their electrical system to be able to use it, and the fact that they've put Axion into negotiations with one of their battery suppliers to eliminate their sole-source worry, suggests to me that they have put their time and money where their mouth is regarding the PbC. Could they change their mind? Sure, but they still seem to be moving forward and spending their money to get ready to use the PbC. Until that stops, I'll keep believing there's a light at this very long tunnel.
    6 Aug 2013, 02:53 PM Reply Like
  • 42itus1

     

    "It would be wholly inappropriate for management to announce the departure of every employee (illegal in some jurisdictions), which is all that Mr. Dandrea was."

     

    It's not about this specific employee. Its about a pattern of hiding the ball.
    6 Aug 2013, 02:54 PM Reply Like
  • Stefan,

     

    It would be very easy for management to alter investor's perception of Axion. Just a couple well timed PR releases detailing where they are at this point, and giving a bit of forward guidance, like they did in a letter last year or the year before. This would go far into restoring our confidence in the company.
    6 Aug 2013, 03:06 PM Reply Like
  • LabT ... Could be wrong, but I suspect a common thread running through comments made by RBrun, Stef, myself, and many others is rapidly eroding/total loss of confidence in statements by Mr. Granville. He has been trusted but there is PRESSING NEED for verification of anything and everything he says at this point.

     

    Trust but verify. Sales would verify. Conclusion and announcement of firm contracts would verify. TG says a lot of NDAs have been signed. I don't call NGAs signed with BMW, NSC, NS Washington Navy Yard, Rosewater Energy, ePower Engine Systems, and maybe Cummins rise to a sufficient count to qualify as "a lot".

     

    We are told that multiple requests for proposals were received in the wake of an Axion presentation at a power utility conference last September, but we have no news/evidence those requests were actually received or that if received resulted in any sales. We, investors in the company, do not even have access to the information reported presented to the utility representatives at the conference.
    6 Aug 2013, 03:15 PM Reply Like
  • Stefan> I don't know how much experience you've had dealing with bright scientists but I've had decades and the only consistency is a personality type that does play well with others or respect individuals they perceive as less intelligent or less important. In other words, brilliant technical people are necessary when your goal is to develop a technology and disruptive once that goal is satisfied.

     

    I understand the personality type all too well because I share the same inclinations, but I've had three decades to learn that I need everybody to work together. So the only types that see my worst side are lawyers on the other side of the deal if they're not top notch.
    6 Aug 2013, 06:25 PM Reply Like
  • JP - I have experience working with a couple investor/scientist/eng types. Unfortunately, I also understand and have dealt with the ego problems that may arise.

     

    My problem is not this employee, or Trego, or a contractor leaving. My problem is fatigue and distrust based on my evaluation of all the data. Looking for a reason to be proven wrong ....
    6 Aug 2013, 09:42 PM Reply Like
  • Dr. Buiel has stated he sold his stock long ago. So it isn't axionista fatigue. He loved the tech and the story, but is so disappointed at the direction the company went with it. That's his fatigue.
    6 Aug 2013, 09:55 PM Reply Like
  • Contract terms were not the reason why I left. Raising my kids closer to family out of the rust belt was my primary concern. I continued to support Axion after I left until I was no longer needed by Axion.
    6 Aug 2013, 11:23 PM Reply Like
  • Stefan> Reading only your words, they seem to flow from a pen that's not only looking for a reason to condemn at every possible turn, but stretching to interpret each scintilla of fact in the worst possible way.
    7 Aug 2013, 01:20 AM Reply Like
  • JP: "... personality type that does play well with others or respect individuals they perceive as less intelligent ..."

     

    I have similar experience.

     

    HardToLove
    7 Aug 2013, 07:13 AM Reply Like
  • It used to be a terrible problem for me. Then I moved to a country where I didn't have the language skills of the average five year old. There's nothing in the world to right-size the ego like living in a society where you're functionally illiterate and have to rely on the kindness of strangers instead of feeling superior to them.
    7 Aug 2013, 08:27 AM Reply Like
  • John - I think reasonable minds can differ as evidenced by the various viewpoints on this board.

     

    Edit: I have already made the mistake of stretching to interpret each scintilla of fact in the best possible light. And my stock portfolio has suffered for it.
    7 Aug 2013, 09:03 AM Reply Like
  • I understand the way behavioral pendulum's swing back and forth from one extreme to the other and spend very little time at bottom dead center. Sometimes, however, it's worthwhile to remind commenters that their pendulum does swing back and forth and hastily written criticisms can have a larger impact than the writer intended.
    7 Aug 2013, 09:59 AM Reply Like
  • Some years ago I was involved with building out a software platform that was the core of the business. The functional, load balancing, and integration systems were running pretty smoothly. There came time when the CTO sat me down and laid out the plans for the next year. The focus was to expand customized reports using technologies that I did not have an interest in, and was not an expert.
    If you aren't doing something new, your're falling behind. The Axion challenges are not technological anymore. Jay and Ed may have had to move on to maintain their own career and interests.
    6 Aug 2013, 01:34 PM Reply Like
  • JohnM, Great story. The fact is that talented people will find tasks that advantage themselves and the needs of the positions they fill. This is not to say that all people will move to satisfy personal itches but many will and do.
    6 Aug 2013, 01:45 PM Reply Like
  • I tell every new client that I'm a short-term relationship rather than a permanent addition to the management team. I love the bare knuckle work with small companies but hate the administrivia of big ones so my normal engagement length is 18 to 36 months before I step aside and force my clients to move up the legal food chain to more diversified firms. Particularly in development and transition stage companies, my pattern is more the rule than the exception.
    6 Aug 2013, 02:38 PM Reply Like
  • As to the reported departure of Mr. Dandrea, it gives me neither a 'warm and fuzzy' nor a 'sinking feeling'. I agree with most of the thoughts above on both sides of the fence and add this to cast doubt on one of the 'sinking feeling' thoughts.

     

    If Mr. Dandrea has warrants/options they should be vested 60 days post issuance near as I can tell from p.49 of the last annual report: http://bit.ly/172b9SE?dHlwZT1oJmI9JklEPTkxN...
    I believe if he owns shares, options &/or warrants they would be included amongst the group of "Directors and officers as a group" who hold ~5.855Mshares combined (shares&warrants).

     

    If anyone knows his actual holdings I would be interested to hear.

     

    geopark
    6 Aug 2013, 01:54 PM Reply Like
  • We do have to remember that Axion has transitioned from a "Research & Development" to a "Commercial" company. The staffing requirements will be different.
    Also, as the economy picks up, opportunities that were not there before are opening up. We don't know if they are selling all their Axion stock (lost hope) or just moving on to fresh work.

     

    It does look like the PIPE is gushing however.
    6 Aug 2013, 02:14 PM Reply Like
  • The PIPErs are all about liquidity and while the price has been stable over the last week, volume has been pretty lackluster after a July for the record books. It's in the PIPErs best interests to throttle back on their sales and let the price rise, but only if there's enough trading volume to get them their cash from stock sales every month. Like most things in the market for Axion's stock, their behavior will ultimately be determined by how the rest of the stockholder base behaves.
    6 Aug 2013, 02:42 PM Reply Like
  • I think I have been pretty consistent in my posts on Yahoo message board and here. PbC technology is very well suited for many applications like hybrid trains, start-stop, grid storage (ancillary services), residential power quality/generator ride through, streetcars, hybrid buses, wind turbine pitch control systems, etc. I have also been consistent in being tired or everyone else in this space booking orders (Maxwell, Ioxus, EnerDel, Extreme Power, Ultrabattery, etc.) but not Axion. Look at Maxwell, 120M$ in sales now for EDLCs largely in hybrid buses/wind turbine pitch control. I work with companies in both area and also on streetcars - I am the battery consultant for Brookville on the DART project. I cannot always tell you how I get my information but I can say that I can justify everything that I have said - BMW batteries included. The main reason I agreed to post on this board was to help many of you understand these applications. Hybrid bus people are dying for more energy and wind turbine pitch control systems largely use VRLA batteries for emergency de-pitching of the blades. Sounds like two good applications for PbC, but we have never heard of this from Axion. That is my point. We should be hearing about this from Axion. We should here something from Axion. The fact that we are hearing nothing is proof that the company is either lethargic or incompetent.

     

    42itus1 (Jerry Bell financial analyst Seattle ?) - I'm sure you'll blow off a couple more rounds of "loose cannon," "incongruent", and "speculation" in your next round of comments, but then again I'm sure we'll hear from the clean coal guys again too. Do you really think everything is fine with Axion and there is no problem with the lack of sales/demo projects/vision? Seriously?
    6 Aug 2013, 02:27 PM Reply Like
  • >Dr. Buiel ... I believe you are correct when you say we should be hearing something from Axion. I irritates me a lot thinking Axion spends no time or effort finding new customers & markets. They are completely depending on only 3 customer applications that found them. If they do more ... someone should find some evidence of it and if Axion is going to live or die with these 3 then shareholders ought to be given some sort of time line. I'm quite tired of watching the company progress & disappear all at the same time. The business plan is OK but the execution playbook comes from something like Stephen King's "Thinner".
    6 Aug 2013, 02:45 PM Reply Like
  • EB ... Perhaps I am a simpleton, but Axion's insistence on signing of NDAs before sales of PbC's strikes me as a significant impediment to marketing of the product. Agree? Disagree?
    6 Aug 2013, 02:45 PM Reply Like
  • Dr. Buiel,
    " Look at Maxwell, 120M$ in sales now for EDLCs largely in hybrid buses/wind turbine pitch control. I work with companies in both area and also on streetcars - I am the battery consultant for Brookville on the DART project. I cannot always tell you how I get my information but I can say that I can justify everything that I have said - BMW batteries included. "

     

    Above you talk about applications that you consult others in, for which you think the PbC would be a good fit. I am wondering, have you ever suggested to these companies that they might want to contact Axion about using their PbC batteries? If so, has Axion said they weren't interested or didn't have the staff to pursue those interests?
    Also, we keep coming up against this idea that the batteries that were returned to Axion, from the German testing company, you strongly believe were not the PbC batteries that BMW was having tested but were either the flooded batteries that Axion is making for East Penn, or one of their specialty batteries. Since Axion stated in the last CC that the 3rd party testing of the PbC batteries for BMW was complete, do we then take it that you believe this was done by some other company that we are all not aware of?
    6 Aug 2013, 04:01 PM Reply Like
  • >Dr. Buiel,

     

    I have never questioned your knowledge and take you at your word regarding your contacts in these fields. You may well be someone I could enjoy as a neighbor.

     

    I think I, too, have been very consistent in clamoring for more information and added niches that could benefit from the PbC you helped create. I've heard a variety of explanations about why we don't hear what is in the pipeline for sales or clear parameters as to the batteries capabilities and limitations. NDA's, poor reviews from battery abusers, resource limitations, protection of proprietary information should the battery be dissected by the enemy, and I am sure the NSA figures in there somewhere. I have been corrected about using the term 'cone of silence', characterized the enigma we call the PbC battery as a secret technology deserving a debut in the public arena...

     

    I do question the strategies of this Company and wish for much more. Most on this board want more from the Company, even though some believe we get there in ways different from mine. I'm good with that, and hope some will learn to be less dismissive of my perspective (or at the least catch on to my sarcastic attempts at humor). I also believe that some of the differences I cited above may well have merit that I just don't understand as yet.

     

    I notice that you have not posted anything in regards to the newest AXION niche found with ePower, you did raise the notion of hybrid trains and yet no comment regarding the relationship with NS or that they get to decide the pace for implementation for yard slugs/OTR/cranes/serial hybrid locomotives. You like to speak to the behemoth Maxwell to draw comparisons to AXION and I find that to be troubling due to the resource and stature differences.

     

    Generally speaking I don't disagree with the bulk of what you shared in this post I am responding to. I learned some things from it and thank you for that. However the tenor of this post and the last few you have presented were quite different and are the kind of posts I resent because 1) your previous position with AXION gives some the impression that you have inside information, 2) you have dropped a bomb and then gone stealth, 3) The subject matter you brought to the board with those posts had nothing to do with educating me about the applications for the PbC.

     

    Now to the personal part; You have provided no information substantiating your ambiguous conclusions/suppositions about the departure of this employee, the consultant, or the CFO, but have made it seem that these each mark aspects of an 'Abandon Ship' conspiracy occurring at AXION. So I think the rounds I blew off (your vernacular) still seem apropos.

     

    ME, my name is Ron, in addition to the truthful bio I have provided here (my avatar is a black bear perched in a Giant Sequoia in my back yard and which is poor quality due to her having a cub next to her and I was only 10 feet below her nervously taking the picture), I worked in the engineering dept at Intel a few years and even told Andy Grove where he could go when I quit due to an inequity that I suffered (boy was that a stupid mistake - quitting Intel not saying my piece to Mr. Grove), worked quality control in a capital equipment manufacturing environment for a decade, moved to Southern Oregon 33 years ago, and graduated college here, worked in social services till the politics of ignoring children's needs became too much, started my own Land Use consulting practice as a hired gun to stop certain developments and practices. So, NO, I am NOT Jerry Bell of Seattle, and far from taking the mantel of financial analyst. I don't even know if that was meant as a dig or a complement!

     

    Finally, let me say that your contention that you would no longer post here preceded my comments regarding you, so I am not responsible for that decision. I hope that neither you or others think that I was taking shots because you were not coming back for that is less my style than being non analytic. Should you choose to post further on PbC applications, PbC capabilities/strengths... I will eat that info up. If you don't care about AXION and choose to never post again then I will likely never mention you again either!

     

    Good Luck to You in your endeavors, Dr. Buiel!
    Ron
    6 Aug 2013, 06:10 PM Reply Like
  • Yes - I have tried to promote the PbC batteries in other applications for Axion since I left. In one case I did not get a response so we moved forward with a lithium ion solution.

     

    Re BMW batteries - please see more information above and in previous posts concerning weights, location for testing, etc. If Axion did say that 3rd party testing was done on PbC batteries then I would say it has to be PbC batteries and I am wrong. I still find it curious that the shipping weight is consistent with 20 VRLA batteries, not PbC, and homologation testing is 20 VRLA batteries. Maybe this is just a coincidence. I have been wrong before and will be wrong again. If it does come back that their were lead acid batteries, then I will give everyone my address. I drink old single malt whisky...
    6 Aug 2013, 11:37 PM Reply Like
  • Sounds good Ed. I can't see the need for them to test Axpw lead battery and I hope that the bill of lading was simply using a standard weight that they normally use.

     

    However you also said that the PbC would test poorly in that test environment. Can you give some explanation why?

     

    If BMW is planning to use A PbC as a second battery would BMW need this testing (or similar testing) to allow it to make it in to production vehicles in Germany.
    6 Aug 2013, 11:45 PM Reply Like
  • I've tried to post relevant information on the board that I believe is legitimately public information. I don't mean to drop "bombs" and many times when I read the discussion afterwards, I have little to add. I have a busy consulting business that also doesn't leave me a lot of spare time to keep pace with this board and I find many responses to my comments are back in old concentrators or up 50 messages and I just don't see them. If there is a need for information, please just email me and I will respond. John is good at this.

     

    As to the content of my posts, a lot of my earlier posts deal with the technology, why it works, where it will work and not work, etc. I think this is well defined. Marketing and sales seems to be the problem for this company which needs to be driven by good people and I keep seeing the good people that I knew at Axion leave recently. I'm happy to answer any question regarding applications. Just email me.

     

    ePower - I like this a lot. Axion has a Volvo truck with a sleep cab that was installed with a battery operated Clima-cab system. I would be more happy if ePower was Kenworth or Freightliner (I see both at supercapcitor conferences a lot) but the technology here is good and not much different than the work Axion did with Odyne before they closed down. My main concern with ePower is they seem a little small and might not be able to consume a lot of PbC batteries as they get started. Please correct me if I am wrong but the pictures I saw seem to suggest they were working with old tractors in a small shop. Again, I do not want to knock this as it is a good application - just want to see more of these are a few larger ones that could really rock the boat.

     

    NS - I haven't followed this saga in detail. I saw a grant they received to work on a lithium system which worried me but when I posted this on the board people recognized this as a benign event. We need to see NS move up and commit to a number of line-of-road tender cars to get some volume moving. I admit I am behind on what is going on with NS. I will see that PbC should be their clear choice based on what I understand of their cost/safety concerns/need for charge acceptance.

     

    This is a better discussion. I can take criticism, and I can admit when I am wrong. I have no person gain either way with Axion other than I would like to see the people at Axion continue to work on this technology and continue to be employed. I would also like to be able to say that I once helped Axion when it was a start up.
    7 Aug 2013, 12:00 AM Reply Like
  • Thank You Dr. Buiel for the several posts, by you, I've read this evening. They have been cogent and very appreciated.
    7 Aug 2013, 12:10 AM Reply Like
  • Ed> If ePower was Kenworth or Freightliner they'd be testing for four more years behind sound-proof blackout curtains instead of building two third-generation prototypes that will be on the road within a couple months. As soon as fuel economy testing is completed for the two trucks, ePower wants to put a fleet of at least 10 more tractors into the hands of fleet operators who will put them to work hauling freight 100,000 to 200,000 miles a year, which is what it will take to prove the durability of the integrated system.

     

    The existing ePower drivetrain is already good enough for Class 8A (33,000 to 60,000 pounds GVW) and getting 8 to 9 mpg with full loads on the road in Northern Kentucky. Their third generation powertrain will try to get up into the same efficiency range for Class 8B (over 60,000 pounds GVW).

     

    ePower is quite small but wants to get quite big and seems to have a solution that can make that happen. I'll be spending a lot of time working as counsel for ePower to ensure it happens.
    7 Aug 2013, 01:27 AM Reply Like
  • Dr. Buiel,

     

    I would love to hear your thoughts on PbC for a quick charge pure electric bus like the Proterra bus. http://bit.ly/19acAEe
    Its using lithium titanate and is losing competitions to buses from BYD (lithium iron) that do not quick charge but provide more energy.
    I note that Proterra has the batteries in the floor--I doubt the PbC would fit and so the application would require a great deal of re-working for PbC.

     

    Also, is the DART Brookville project needing a power battery or an energy battery? I'm guessing energy.

     

    Thanks for any response and for your contributions here this week!

     

    -David
    7 Aug 2013, 09:55 AM Reply Like
  • Anyone with a strong vested interest in the perforrmance of AXPW has to feel a strong sense of revulsion in the aftermath of the PIPE debacle. I can't imagine that the fatigue felt by many of us has not infected some levels of the Axion staff if they have stock options.

     

    I no longer trust TG to provide a completely honest accounting of the picture at Axion nor to obtain financing on decent terms. But I can't bring myself to sell the stock because I can't imagine the company not succeeding despite TG's limitations. There have been positive recent developments involving each of the three vectors expected to drive Axion's future. I'm confident the PbC has a bright future and, with patience, we'll also have a bright future if management doesn't dilute the hell out of the stock.
    6 Aug 2013, 03:03 PM Reply Like
  • I'm not an expert on NDAs but, in my experience, even if you signed an NDA, a company will usually agree to a press release or will agree to allow some kind of public disclosure. In the case of BMW it was joint paper on work we did together at the Instabul conference. Companies usually understand that startups need to raise money and need to be able to share market information so usually they will allow limited amounts of information to be released. There are some companies that forbid this and even include large penalties. I've come across this with high-end Italian sports car companies, mineral and mining companies in Minnesota, automobile companies in Detroit, and cell phone manufacturers in California. However, these situation are rare.
    6 Aug 2013, 03:14 PM Reply Like
  • Thanks for taking the time to respond.
    6 Aug 2013, 03:19 PM Reply Like
  • It is time for us to slamm on the table. TG had been promising sales for years now. He need to come forward and show results, inclusing Vani. I´m dissapointed in his results as well.
    6 Aug 2013, 03:18 PM Reply Like
  • Or else what? It doesn't seem like shareholders have much leverage to change anything. The BOD is stacked with TGs friends. If nothing else, I am at least going to vote NO on the two BOD nominees.
    6 Aug 2013, 03:45 PM Reply Like
  • axion-nl, realistically, votes by shareholders have very limited impact. Your vote that counts is simple: buy or sell.
    6 Aug 2013, 04:37 PM Reply Like
  • With 1590606 shares traded as of 15:12 and "sells" being 992,757 through 15:10 (and climbing), this might be a good time to see if any of the "moral" financiers have violated the percentage limitation placed upon them by the contract.

     

    HardToLove
    EDIT: 1083215 "sells" through 15:11
    6 Aug 2013, 03:27 PM Reply Like
  • NITE, ATDF and BTIG have been very active on the ask, and they were 3/4 of the 4 Horsemen of the Axpocollapse in June. ARCA has not been seen today. So I guess it could be even worse, lol.
    6 Aug 2013, 03:45 PM Reply Like
  • I think its more likely at this point that they Pipers are selling, and getting farther away from hitting any 4.99% contract limit, at least short term...
    6 Aug 2013, 03:48 PM Reply Like
  • MrI: As I mentioned in one of my posts, I suspect they have accounts with several major well-capitalized firms. It allows them to do lots of things that are hard to detect or prove unless someone in authority has a clue.

     

    HardToLove
    6 Aug 2013, 03:54 PM Reply Like
  • htl, for sure. still, very easy to tell they're active. nowhere to hide when you're the New Big Uglies, even when retail is bailing, too.
    6 Aug 2013, 04:06 PM Reply Like
  • Interesting how optimistic Axion was back in March 2009 about its sales "just around the corner":

     

    http://bit.ly/vrLg4p

     

    Now fast forward four and a half years, I wonder if TG watches this video sometimes and thinks whether his timing of business decisions (raising money through PIPE) and transaction sales needs some improvement!

     

    I can certainly sense the confidence in his tone though :)
    6 Aug 2013, 03:38 PM Reply Like
  • Just a note: today's selling by (mostly, I'm sure) the "financiers" will also keep our 85% price from rising, as I'm sure was part of their plan from the get-go.

     

    If we could've held that ~$0.16 for even just a little while, the $0.1295 would be in the past.

     

    HardToLove
    6 Aug 2013, 03:44 PM Reply Like
  • As usual, any piece of information, no matter how seemingly good or seemingly bad is subjected to an inordinate amount of speculation. That’s just the nature of this board. Count me as one who’s just not sure about how significant this information regarding Jay Dandrea’s departure is. Although I find it somewhat disconcerting, I’m not as alarmed by [or fearful of] this latest development as others appear to be.

     

    Regarding Jay: — I want to thank him for his invaluable contributions to Axion [and its shareholders]. I can only surmise that it took extraordinary talent to develop the carbon sheeting process that resulted in such dramatic increases in productivity, most likely paving the way for BMW’s and NS’s continuing commitment to the PbC. — In this regard, I’ve long thought BMW and NS are both probably investing far more capital and resources into their PbC projects than we realize.

     

    Regarding the technology Jay developed, Axion now owns it. Although Jay is leaving, I’m doubtful it will significantly affect Axion’s all-important relationships with BMW, the OEM battery supplier BMW is helping Axion align with, NS, or ePower. I assume they have very talented people of their own who could make up for any void that may have been created by Jay’s departure. [I could very well be wrong on this as I have no technical expertise in this area.]

     

    Whether Axion should have become so dependent on these now critical relationships is of course highly questionable, and could easily be interpreted as a failure to properly prioritize. But regardless of this situation, it does appear TG has kept all these relationships on track. I haven’t seen any evidence to the contrary anyway, and as long as that’s the case, I don’t see that things have changed dramatically with Jay’s departure. So I don’t find this latest development to be overly disconcerting, at least not at this time.

     

    What I continue to find disconcerting however, is TG remaining tone deaf to the almost unanimous calls (pleas?) for him to be more forthcoming about various developments. I have to admit however, I’ve now accepted that that will most likely never change. — As a passing thought, I would like to see TG make it a priority to get a good night’s sleep [every night], instead of responding to low-priority inquires at 2:30 am in the morning. How can a CEO expect to think clearly and balance all his responsibilities if he doesn’t even afford himself a good night’s sleep?
    .........................

     

    Regarding the three other names that have been bandied about here today in addition to Jay’s: — Chuck Trego leaving as CFO, Bob Averill, leaving the BOD, Bill Gotts leaving as a contractual consultant. Though Trego is stepping aside as CFO, he will still be on the BOD, and has not severed his ties with Axion. My understanding is that Averill is finishing up a 3-year term on the BOD, and his replacement is part of a natural BOD rotation. Gotts was a contractor with Axion and not an employee. He accepted a position as CEO of Rosewater, which seems reasonable. — I’m totally fine with these three situations.
    6 Aug 2013, 04:12 PM Reply Like
  • Hi everyone!!

     

    I think: If an employee has already met its functions and do not need more, no need to keep him as an employee. It is better to save money.

     

    Saludos-Carlos
    6 Aug 2013, 04:19 PM Reply Like
  • It's cheap too. And the power use is minimal. ;-D

     

    These Incredible New Buses Are Charged Wirelessly by the Road Itself

     

    "Two new electric buses just hit the streets in the city of Gumi, South Korea that literally get their power from the streets. These so-called Online Electric Vehicles (OLEV) receive power wirelessly from electrical cables laid underneath the surface of the street using Shaped Magnetic Field in Resonance (SMFIR) technology. The buses carry a battery that's one-third the size of those in traditional electric cars and charges by collecting 100 kilowatts-worth of electricity from magnetic fields created by the electrical cables, as the bus rides about 17 centimeters above the surface of the road. They're efficient, too, using 85 percent of the power that's emitted from the lines."

     

    "Researchers have high hopes for the technology, which was originally developed by the Korea Advanced Institute of Science and Technology (KAIST). The SMFIR tech was unveiled a couple of years ago at Seoul Grand Park, a zoo and amusement park in the country's capital, but the hope is roll it out in more cities over the next few years. Any why not? The start up costs are minimal since the power cables don't need to be laid under the entire road, just sections along the route, and because those sections are only activated when a bus drives over them, the power use is minimal."

     

    http://bit.ly/16xR3l6
    6 Aug 2013, 04:38 PM Reply Like
  • "They're efficient, too, using 85 percent of the power that's emitted from the lines."

     

    I wonder what that means? Does it mean 85% of the power that is put into the lines each day is used each day, or does it mean that the magnetic coupling to the bus only has a 15% loss while charging? If the former, then I wonder what the total losses might amount to (I understand that would be dependent upon many variables)?

     

    This kind of claim is not unlike the dilemma JP has when trying to formulate an apples to apples efficiency comparison for the ePower before and after mpg charts.
    6 Aug 2013, 08:26 PM Reply Like
  • 42itus1, As you suggest the statement is open for interpretation.

     

    I read it to be energy xfer losses from the charging base station to the storage device. Why? That sounds directionally correct to me without digging in too far.

     

    I think John's got a harder task trying to find data that is presented clearly for what he will be trying to achieve.
    6 Aug 2013, 08:53 PM Reply Like
  • IINDelco,
    Sure do hope they've got that magnetic field well shaped. Otherwise everyone riding the bus is going to have their credit cards wiped by the magnetic field.
    6 Aug 2013, 10:01 PM Reply Like
  • LabTech, We'll make sure that it's a cash or token business only! ;))

     

    Actually, I'd bet that the testing for things like medical devices will be far more critical than credit card strips.

     

    BTW, Credit card strips have come a long long way vs years ago.
    6 Aug 2013, 10:27 PM Reply Like
  • 42itus1, I read the 85% statement as that the bus got 85% of the power in the road wires. The electric motors in the bus are probably c. 95% efficient and the storage system may be 80% efficient round trip.

     

    Overall, that is 65% plug to wheels. Electricity might be 40% efficient (varies greatly depending coal vs gas, new vs old, etc.), so 25% fuel to road. Diesel is probably 25-30% efficient fuel to road.

     

    Should be nice in avoiding urban pollution, and new power plants are pretty clean.
    7 Aug 2013, 10:12 AM Reply Like
  • >iindelco ... Cool idea but could never work in the USA except for some of the smaller cities ... usually located where public transportation is hated almost as much Al Qaeda. Potholes, drain depressions & uneven pavement requires more ground clearance.
    6 Aug 2013, 05:16 PM Reply Like
  • DRich, I agree it's a stretch but I could envision active sweeping for objects in the way, an active coil in the Z axis on the bus and a camera/radar for confirmation of clearance before the coil is lowered/activated. Not so high cost as an adder.

     

    My guess is the infrastructure costs are the biggest reach but I sure would love to see the numbers. It sure isn't low cost.
    6 Aug 2013, 05:52 PM Reply Like
  • DRich: Yep, the roads need to be leveled and possibly contoured to keep the cable-to-receiver spacing as close as possible.

     

    I would also be interested to know the cost/km of the cable, both raw and installed. I only see this system in a high usage routes where many buses per day can take advantage of the "gotta be expensive" transmitter cable.

     

    But it's a cool experiment :-)
    7 Aug 2013, 01:42 PM Reply Like
  • HTL, funny how that works.....

     

    On another subject, I've been thinking lately about Mr. Granville's control over the company which I believe has been increasing, not decreasing.

     

    First, NGS brought up a good point about Tom Granville's friends on the board. Yes, most of the board members have been involved from the beginning and we might assume they are TG's "friends" to some degree. Side note: The departure of Bob Averill is a real disappointment to me. We had a good conversation at the last annual meeting and I was really looking forward to another such conversation.

     

    However, while these men might be friends, they are peers of TG and not subordinates. Looking forward, as these men leave, we can expect the company will become more and more Mr. Granville's company - if it hasn't already. Mr. Trego is an example of this. He was hired into the company by Mr. Granville and will owe his spot on the board to Mr. Granville as well. That Mr. Granville can select an employee to replace a non-employee director with a large ownership stake, an employee who presumably has proven his personal loyalty, is a testament to his power.

     

    Another thought I've been having relates to us Axionistas as a group. The recent investor presentation has a bullet point that basically advertises that Axion has a diversified investor base with 5000 mainly individual investors with none of them holding more than 5% of the company's stock. To me, this would seem to be another indication that the power of Mr. Granville within the company has increased since there are no large entities that could stand in his way.

     

    All in all, Axion seems to be Mr. Granville's show in every sense of the word.
    6 Aug 2013, 05:25 PM Reply Like
  • I've see a lot of startup battery companies go out of business in the last few years because they could not raise money. I believe that the chief job of the CEO of a startup is largely to ensure that there is money in the bank and help negotiate key agreements. I think TG has done very well in both regards. This is consistent with other posts I have made in the past with regards to TG.

     

    However, business development, marketing/sales, seem to be doing poorly. If the company had a Rick Fulop and Mike Evertt, we would not be talking. If you look at the companies that have grown in these difficult times, it is usually through a combination of a strong bus-dev person and a strong CTO that can answer the difficult technical questions. TG is the CEO and maybe some of this fault should rest on his shoulders but I would say that I would still want to keep TG based on his proven track record to raise funds which is an even more dangerous problem.

     

    There are many people out there that could do this for Axion. Many people have left Maxwell due to conflicts with former and maybe present CEOs that could be hired. Maxwell also just had to punt most of it's key sales force due to some nasty SEC problems with booking consignment sales to large distributors early... Maybe the reason this problem is so frustrating to me is that it seems easiest to solve.
    7 Aug 2013, 12:15 AM Reply Like
  • EB - Thanks for this commentary. I am pretty hard on TG on this board and just want to see his chosen path lead to success.
    7 Aug 2013, 12:54 AM Reply Like
  • wow. anyone reading this board would see why the price dropped today. speculation upon speculation.

     

    well, i'm in too deep. guess i'll just ignore the fluff and try to focus on the data and sleep well at night.

     

    can't help but think of ol' Agrippa after reading this chatter today.
    6 Aug 2013, 06:51 PM Reply Like
  • Nice if you can afford it. Solar and wind storage in an integrated battery for a wee 203 million USD. 60 megawatt-hours.

     

    Japanese Battery Trial Seeks to Transform How Grids Work: Energy

     

    http://bloom.bg/1c9moj5
    6 Aug 2013, 07:55 PM Reply Like
  • 2500% increase in RFP's not trying hard? With the amount of staff they have they can only have so many irons in the fire. John has preached that they are being selective and are going elephant hunting. If we want that 5 - 25 bagger elephant hunting is absolutely the right strategy.
    6 Aug 2013, 08:21 PM Reply Like
  • "With the amount of staff they have they can only have so many irons in the fire. ..... If we want that 5 - 25 bagger elephant hunting is absolutely the right strategy."
    .
    And then we have Axion expending the resources necessary to develop a $45K residential HUB in association with Rosewater Energy, a device reputedly targeting a market comprised of $10 million homes.

     

    6 Aug 2013, 11:46 PM Reply Like
  • lf NS follow thru in the 4th q.
    7 Aug 2013, 04:12 AM Reply Like
  • Our defense? If I interpret this correctly, we should not sell any shares and then it becomes likely that at least one of the "financiers" would violate this covenant. Six(?) entities x 15% = 80% potential of the days volume. They can crush us at will if we try to sell while they are in the market. And we've seen they *will* crush us so they can garner more shares.

     

    I assume that even if not acting in concert, they think alike and have similar strategies because they are all experienced PIPE vultures. So they should behave the same. If not acting in concert, it's likely that at least one would violate the 15% restriction. If, as I believe, they are trading through multiple accounts at multiple brokerages or trading houses, it could be difficult for them to manage things in a way to avoid violation even if they are coordinating behavior.

     

    I'm not a lawyer, but I suspect that breach of contract would occur then. But it needs to be detected by you-know-who, and he may be clueless about this stuff, just like the SEC seems to be most of the time. There are no specified penalties, but I presume that the company could then do something that benefits them or us?

     

    The downside is we need brass ones to hold when we know what the "financiers" are doing, recognize both the near-term opportunity cost and how the "financiers" are likely to behave going forward (we now have a second cycle starting looking similar to the first) and now have strong doubts about the veracity of what we've been presented.

     

    I'm not sure any of us could actually benefit from withholding our shares from the market, but I hate feeling like there's nothing we can do. Even if no one withholds, it's nice to know there's something that we *could* do that *might* benefit us, other that sit like targets on a shooting range.

     

    EDIT: Might cause an "Equity Condition" due to low volume - it's a risk, but seems less risky than what's happening now.

     

    http://tinyurl.com/n7k...

     

    Page 30 " Trading in Common Stock"
    ======================...
    (i) Each Buyer hereby agrees, severally and not jointly, ... such Buyer shall not ... or (y) together with any of its affiliate Buyers, sell shares of Common Stock of the Company received by such Buyer pursuant to a Company Conversion (as defined in the Notes) during any Trading Day in an amount, in the aggregate, exceeding 15% of the composite aggregate share trading volume as reported on Bloomberg (as defined in the Warrant) of the Common Stock measured at the time of each sale of securities during such Trading Day.
    =======================

     

    HardToLove
    7 Aug 2013, 06:55 AM Reply Like
  • There were five buyers, but two of them were affiliates so for purposes of the 15% per head limitation there are only four heads.

     

    I hate it when I say things like that because I invariably remember that Cerberus only had three-heads and was one of the most feared creatures in Greek and Roman mythology.

     

    http://bit.ly/1cvbraL
    7 Aug 2013, 08:33 AM Reply Like
  • Can MMs trade with themselves, for their own acct? If so, that's an easy way around the 15% limitation and the sub-optimal fees it generates. The bottleneck then becomes the PIPErs' selling appetite.
    7 Aug 2013, 01:37 PM Reply Like
  • Cerberus AKA Fluffy was pretty fearsome in Harry Potter too.
    http://bit.ly/1ccDSLp
    7 Aug 2013, 02:54 PM Reply Like
  • HTL, I think your strategy would require that we cannot buy or sell. You're proposing keeping the 20% low which in turn chokes the 80% possible number down not in percent but in magnitude. With 80% control of the days volume they can still take the average numbers where they want them anyway unless the current holders move a s^%t ton of stock. No way to win the game unless you're the dominant volume trader for the day.
    7 Aug 2013, 07:54 AM Reply Like
  • The only way to get these guys to stop churning around is for Axion to come up with news that would propel the stock much higher. Otherwise, we are at their mercy for the time being :(
    7 Aug 2013, 07:56 AM Reply Like
  • Amouna, I agree. Only in theory though as you'd still have to get enough people to buy into the stock to dwarf the PIPEr's holdings at any given time. This we suspect would happen with great news but it's not assured. Of course they would have to be nuts to sell shares on the cheap if there was great news.
    7 Aug 2013, 08:08 AM Reply Like
  • Iindelco: The prohibition is against selling. If no one but the "financiers" were selling they would constitute 100% of selling and there's the odd chance one would bust 15%.

     

    We, OTOH, could buy to our heart's content with no effect on their selling percentages.

     

    As to choking their volume but not percentage, yes - if they were so coordinated that they made no mistake.

     

    And I also note JP's correction about effectively four "financiers", lowering the max percentage in aggregate to 60%.

     

    But I'm not sure how "keeping the 20% low" figures in here. I'm envisioning 0% sells from "non-financiers". Assuming some do sell, you are spot-on of course.

     

    HardToLove
    7 Aug 2013, 09:19 AM Reply Like
  • HTL, Set the puter so you never sell over 15% of the days volume and just stay on the ask following it down. Go to the golf course and have a great day. My view.

     

    Maybe some limits so you don't sell too much in a day and/or go below some threshold.

     

    We're theirs unless something comes out that changes the value proposition. Or their algorithm changes to optimize their return which John has touched on some.
    7 Aug 2013, 09:39 AM Reply Like
  • The first five trades shows one of the financiers is set on automatic. the sixth trade appears to show another set on automatic as iindelco mentions above.
    7 Aug 2013, 09:46 AM Reply Like
  • JV & Iindelco: Yep - computers are great at that. But users of computers ("wetware") not so great at using them 100% correctly 100% of the time.

     

    That's where my bet is at.

     

    HardToLove
    7 Aug 2013, 10:00 AM Reply Like
  • HTL> When you remember the OTCBB double count, it's effectively impossible for the PIPErs to represent more than 50% of reported volume on any trading day because the other 50% of total trades are always buy side activity.
    7 Aug 2013, 10:01 AM Reply Like
  • I think we've seen some evidence that the PIPErs want to drive the stock down to the $.15 range but not much below it. Looks like we'll get another opportunity today and in the coming days to test that theory.

     

    Personally, I think Axionistas should feel pretty confident buying when the stock gets around $.15. We can't beat the PIPErs but we can at least play along with their game for our relative benefit (or at least to greatly minimize the damage we take) and be patient.

     

    The more I think about it, the more I wonder if we shouldn't be thinking more about the board vote.

     

    I'm particularly concerned about replacing independent directors with employee directors.

     

    An equally important concern is the skill set the individual would add to the board. Isn't it pretty obvious that Axion needs someone with a connection to the company's target markets? I think someone with a business development background or say a retired executive from the trucking or automotive industry who understands how a decision about the PbC would be made and knows many of the people who would be making those decisions.

     

    Please note that nothing in this comment has anything to do with the character of Mr. Trego or anyone else for that matter. I'm thinking only in terms of corporate governance and the mission of the board or directors.

     

    As Rick described, it's not practical for us to nominate a candidate, but I wonder if it would be productive for us to coordinate our votes against certain director nominees to at least send a clear message that we're not happy with what is going on. What would be the implications of a given director candidate receiving 20 or 30% no votes?
    7 Aug 2013, 10:15 AM Reply Like
  • John: I discount all that much "double count" because ...

     

    IIUC, that means someone did a sell to an MM and the MM then did a sell to someone else? If correct, at least one of those transactions should be flagged short sale by SEC rule as the settlement that transfers control of the shares from party A to party B has not completed and that means when B sells to C it should be a short.

     

    Or have I forgotten what the "double count" is really based on?

     

    HardToLove
    7 Aug 2013, 12:28 PM Reply Like
  • "Or have I forgotten what the "double count" is really based on?"

     

    Could be wrong but my understanding is that in earlier days anyone trading stocks not listed on a major did so through MMs who bought (sold) the shares with a markup over what they paid for the shares. That is, there were two transactions. First, MM (who held little to no inventory on their own books) received a buy order then bought shares from one customer and in a second transaction sold the shares to the client placing a buy order at slightly higher price. (Watched this scenario play out during an interview quite a few years back.)
    7 Aug 2013, 04:53 PM Reply Like
  • The double count is alive and well. Discount it at your peril.
    7 Aug 2013, 05:19 PM Reply Like
  • APM...we will never get an independent director by axionista vote. This company is controlled by TG lock stock & barrel. As you've already seen as the older heads retire he will hand pick one of his cronies.
    7 Aug 2013, 05:52 PM Reply Like
  • >LT,

     

    "APM...we will never get an independent director by axionista vote. This company is controlled by TG lock stock & barrel. As you've already seen as the older heads retire he will hand pick one of his cronies."
    re.,
    " This company is controlled by TG lock stock & barrel"

     

    As I am an equity investor neophyte I must ask if this is an aberrational situation? And what exactly do you mean when you say "controlled by".

     

    This seems a pretty incendiary description so I am seeking a 'little color', as you folks say, to better enable me to understand what would be a reasonable/typical expectation in this kind of situation.
    7 Aug 2013, 06:14 PM Reply Like
  • OT .. First Solar partnering with GE, wonder if battery storage is next ?

     

    http://seekingalpha.co...
    7 Aug 2013, 08:10 AM Reply Like
  • Remember that GE already has an in-house molten metal salt battery called Durathon. So they have "captive" storage if desired.

     

    Although the PbC is substantially cheaper if they want the battery for peak power delivery. It may also be competitive for load shifting (energy storage), depending of life span and so forth.
    7 Aug 2013, 02:08 PM Reply Like
  • The Durathon is probably a better battery for load shifting because it prefers discharge durations of two to eight hours and has a level discharge voltage curve where the PbC has a declining discharge voltage curve. One of the great things about the battery space is there is no silver bullet and there's plenty of room for different solutions to focus on applications that take optimal advantage of core strengths.
    7 Aug 2013, 03:06 PM Reply Like
  • LT: I was thinking the exact same thing. Seems like storage (in general) is gaining traction... just like micro-hybrids
    7 Aug 2013, 03:07 PM Reply Like
  • Looks like GM is going to push crap for base SS on the 2014 Malibu. I was thinking GM wasn't going to take the bait on this junk but I should know better.

     

    Johnson Controls to sell fuel-saving batteries to Chevrolet

     

    http://bit.ly/1cvafEp
    7 Aug 2013, 08:23 AM Reply