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  • Poul Brandt
    , contributor
    Comments (271) | Send Message
     
    So we had the first small press release today.
    About 10% of "significant" orders.
    2 days to go.
    13 Nov 2013, 05:54 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Bummer, I checked and was hoping to announce 300 followers of the APH concentrators but we're still at 298. Maybe for the CC.

     

    Thanks APH for the new page and as always for your efforts.
    13 Nov 2013, 05:54 PM Reply Like
  • raleigh731
    , contributor
    Comments (282) | Send Message
     
    ii, Looks like we've hit the 300! Is that the number of Spartans at Thermopolye? or was it 600?
    14 Nov 2013, 01:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    300. Of course, the number of Spartan survivors was a bit lower...
    14 Nov 2013, 01:53 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Raleigh, Another reason for whoopee!
    -
    I think the count depends on the day of the census. Time does not heal all wounds.
    14 Nov 2013, 01:55 PM Reply Like
  • ARGE
    , contributor
    Comments (730) | Send Message
     
    301, I jsut hit follow.;-)
    15 Nov 2013, 06:59 PM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    Whoopee.
    13 Nov 2013, 05:54 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (271) | Send Message
     
    SM
    Did I beat you by one second?
    :-)
    13 Nov 2013, 05:56 PM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    I'd say that was a photo finish.
    13 Nov 2013, 05:57 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    SMaturin, From a Rochester NY standpoint it's called a "Kodak Moment". ;-P
    13 Nov 2013, 06:01 PM Reply Like
  • mrholty
    , contributor
    Comments (818) | Send Message
     
    Is that soon going to be like a Polaroid Moment?

     

    j/k (sort of - sadly)
    13 Nov 2013, 06:16 PM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    iPhone moment?

     

    We may have to consult the final arbiter. The NSA.
    13 Nov 2013, 07:23 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1566) | Send Message
     
    close to the top . . . huh.

     

    patience and calm. Or put on the REO and Ride The Storm Out . . .
    13 Nov 2013, 06:13 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (783) | Send Message
     
    http://yhoo.it/1aFeZkt
    13 Nov 2013, 06:23 PM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    Ever notice?

     

    Dark, cold, & dreary arrive significantly before Winter officially gets here? Then light, warm, and balmy arrives significantly after Spring officially arrives?

     

    Even when we know heat with sunny days are coming it seems to take for-bleeping-ever before we see the light and feel the warm. The good stuff comes though. Sooner or later it arrives.

     

    Many things are like that.
    13 Nov 2013, 06:27 PM Reply Like
  • thotdoc
    , contributor
    Comments (1417) | Send Message
     
    So, where does the energy discharge when there is a wreck?
    13 Nov 2013, 07:45 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Thotdoc, Was this a response to Maya's Volvo post?
    -
    OK, I gotta ask. What's your moniker name stand for?

     

    A. Thought Doc.?
    B. The Hot Doc.?
    C. None of the above?
    D. All of the above
    E. NOYFB? 8-(
    F. X= ------- (For the clueless like me that missed it)

     

    * More than one answer might apply.
    13 Nov 2013, 07:58 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1566) | Send Message
     
    best answered with a rorschach test . . .
    13 Nov 2013, 08:56 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    IINDelco,

     

    "OK, I gotta ask. What's your moniker name stand for?"

     

    Considering he's a police psychologist, I'm guessing "A".
    13 Nov 2013, 10:03 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Obieephyhm, Very good. HTL has a song which goes with that thought. Good tune considering the boards common area of interest so far. I second his theme song suggestion.
    -
    Labtech, I was aware of one of Thotdoc's occupations. But he might have chosen his moniker to mix things up a little so I thought a lightly humorous post might uncover something without using up too much time and ink if we use some other techniques like one of Obieephyhm's suggestions!

     

    I had posted what my long term moniker means some time ago. I retained it because as I changed internet access starting with dial up I didn't want to shed my skin like trolls do. The Delco piece was my first online name with a few numbers afterward to meet the minimum requirement for length. BTW, Delco stands for Dayton ELectrical COrp. which was a division of GM at one point restructured many times. One of the pieces I worked at was eventually sold off to ITT Automotive which had a stock symbol IIN. This was sold to Valeo and I gave up because I didn't need to change again because I was able to retain the same continuity of internet access. I think I've had the same moniker for about 25 years now.

     

    I'm hoping that if all you guys are sticking around as long as you are and get the rewards dreamed about, I might just have reason to change it to AXPW.NYSEIINDelco. Add a little bling. Ahhh, has a nice ring to it.
    13 Nov 2013, 11:14 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    IIndelco: "Add a little bling. Ahhh, has a nice ring to it"

     

    Just don't get a "grill". I couldn't stand it. :-))

     

    HardToLove
    14 Nov 2013, 05:16 AM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    HTL, A "grill". There are things I'll never understand so they are best left untouched. No, not the stock market but that applies as well I guess.
    14 Nov 2013, 08:51 AM Reply Like
  • thotdoc
    , contributor
    Comments (1417) | Send Message
     
    ii-

     

    You got it right the first time-thought doctor

     

    I made it up as the name for my license plate. When computers and user names came into being, I'd put in Thotdoc and it would always be accepted.

     

    A little bit deeper into it; we all have a 'tape' of self talk that plays incessantly in the background of our mind/consciousness...this tape is the vocal epiphenomenon of our connected synapses/memories of important relationships...and this tape is instrumental in how we end up feeling about ourselves and in managing our affairs.

     

    I've developed a method, a coaching process, for reliably changing the tape'...ergo, thotdoc. My book, No More Faceplants partially describes the process and system for change.
    14 Nov 2013, 10:47 AM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Thotdoc, Thank you for your thoughtful response. I had assumed that the meaning was as it turned out since it seemed obvious based on your bio. But a few times I thought about getting a confirmation so I figured I'd attempt to add a little levity into the request.

     

    The background regarding how you came up with the moniker is really appreciated. It's always interesting to me the depth of creativity and meaning that is embedded into some of the monikers people select for themselves. Yours being a good example. Why am I not surprised. Thanks again!
    14 Nov 2013, 11:10 AM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    HTL
    How about a grill with "Axion Inside"?
    14 Nov 2013, 07:41 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Volvo Car Group makes conventional batteries a thing of the past

     

    http://bit.ly/1drevCn
    13 Nov 2013, 06:31 PM Reply Like
  • LT
    , contributor
    Comments (4597) | Send Message
     
    Maya...very interesting video. Looks like it can be used now.

     

    That's two different techs in two days that has potential to be a disruptive game changer.
    13 Nov 2013, 06:37 PM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Yup, The old better for the environment and weighs much less argument. The PbC never wins on those counts. Makes one wonder how long Axion's opportunity window will stay open when some of these technologies are "supposedly" only year away from being cost competitive.

     

    But hey we got a 300k order today which might have a 10+ percent margin so at least our burn rate has been reduced by a few days.
    13 Nov 2013, 08:43 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    Maya,
    I've seen the concept before. I'm still waiting for them to explain what happens to the energy stored in the material if the car gets into an accident? Can any little bump or indentation cause an electrical arch?
    13 Nov 2013, 10:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    11/13/2013: EOD stuff partially copied from blog (up already).
    # Trds: 193, MinTrSz: 100, MaxTrSz: 88100, Vol: 2142796, AvTrSz: 11103
    Min. Pr: 0.1120, Max Pr: 0.1279, VW Avg. Tr. Pr: 0.1214
    # Buys, Shares: 86 750409, VW Avg Buy Pr: 0.1225
    # Sells, Shares: 106 1382837, VW Avg Sell Pr: 0.1208
    # Unkn, Shares: 1 9550, VW Avg Unk. Pr: 0.1220
    Buy:Sell 1:1.84 (35% "buys"), DlyShts 632986 (29.54%), Dly Sht % of 'sells' 45.77%

     

    PR today about sale of a battery ESS for a solar application produced a nice bump up in price, as can be seen from the high today. It helped the VWAP a bit, bumping it up 1.07%. It also produced a close above the support of our sideways trading channel, preventing confirmation of a break below. Buy percentage moved back into the low end of “normal”, but the weakness of it reflected the minor nature of the PR in my opinion. Other than those items, behavior was somewhat the same as we've come to expect.

     

    On the traditional TA front I already mentioned that we didn't confirm a break down from our trading channel. Unfortunately even the PR and decent volume didn't prevent a lower high and a low that matched yesterday's, $0.112. I don't think this bodes well going forward.

     

    I mentioned yesterday a thin hope that we'd bottomed resided in the volume. With the volume of today and a positive PR not having enough effect to get a higher high, I suspect that thin hope is gone.

     

    No trading breakdown today – I'm tired.

     

    More commentary and the other usual statistics are available in my blog.

     

    http://seekingalpha.co...

     

    HardToLove
    13 Nov 2013, 07:33 PM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    From the When it rains it pours Department
    Fire Department And Ambulance At Tesla Factory In Fremont After Incident. Burn Injuries Treated – No Fire
    http://bit.ly/1hGZSRr

     

    Some aluminum casting equipment broke.
    Three people are reported injured.

     

    Nothing to do with the battery as reported. the article says it will be updated.
    13 Nov 2013, 08:35 PM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    Sorry this was so late, I've been busy.

     

    Volt: Oct sales 2,022 Volts up from Sept 1,766. Aug was higher with over 3K sold. However Aug had a cut in price. The Volt has now passed 50K sold but while Oct was up it is not up enough to keep Volts sales above 2012 levels. 4679 must be sold in two months to break even with last year.

     

    LEAF: Oct sales 2,002 Sept 1,953 Over double last year’s rate and there has been a production problem. (Electrodes apparently) which has now been worked out and they expect much larger sales this month but in Dec the 2014 models come out.

     

    Model S Oct sales Insideevs says 800 hybridcarsdashboard says 1,300
    Oct sales in Norway were way down but it was because Tesla was delivering all cars possible to the Netherlands as they had an incentive about to expire. It was renewed but it skewed delivery to countries. Other EVs made high deliveries to the Netherlands also
    With three fires and a potential securities lawsuit Musk says there will be no recall. Now George Clooney dissed the Roadster.
    Also Elon was Appointed to Position of Electric Mobility Advisor in UK

     

    Karma : Was sold for it’s debt and now has some very rich Chinese owners who may restart building it or even the second Fisker model they talked about. Then again they may only want the tech.
    Bob Lutz has made a deal with the buyers for the tech to allow his company to integrate a corvette engine with the Karma and will be selling the Destino. He also has a supplier for the gliders and body panels.

     

    Fiat 500e: Also doesn’t report sales Insideevs’s guess is 40 for the month. Hybridcarsdashboard has 50
    The original Aug sales of 160 were all recalled and dealers were refusing to honor the deal the company was advertising. It has been announced as a compliance car that loses $10,000 a car.

     

    Smart for 2 EV : Oct. 111 down from Sept. 137 The Smart is $19,990, but adds a $80 month battery rental payment.

     

    SPARK EV: Oct, 66 down from Sept. 78 Compliance car only 1,000 will be sold in the US.

     

    Toyota
    RAV4 EV: Oct. 91 down from Sept. 167 sales. A cheaper lease with unlimited miles raised the RAV4 into triple digits for three months. With 2,600 to sell in 18 months or so I expect another cut someday.
    Prius Plug-In: Oct. sales 2,095 Sept. 1152 Prius was the bestselling EV for the month. (Thanks to price cutting.) Toyota lowered the price of the Prius PHEV to the point that some of the low end plugins are cheaper than the high end hybrid versions. 2681 is the number of cars Toyota must sell to match last year.

     

    Honda compliance is their watchword.
    Fit EV : Oct. 40 Sept. 35 Honda stated they will deliver 40 a month.
    Accord Plug-In : Oct. 71 up from Sept. 51

     

    i-MiEV : Oct. 28 Sept. 20. Inside EVs says Mitsubishi Will deliver another model to the US but no idea of when. In the Report that Tomcat linked to yesterday “The Asian Hybrid, EV and Battery Report”
    http://bit.ly/1aZkFda
    It says “Mitsubishi 'plug-in' strategy stalls for the moment” This seems to be why no dates are set Mitsu has a problem.

     

    Ford Sold more EVs than any other company in the US in Oct.
    Fusion Energi : October 1,087 up from Sept. 750. A record for it.
    C-Max Energi : Oct. 1,092 from Sept’s 758
    Ford Focus Electric: Oct. 115 up in Sept. 110
    Not all good news though Ford recalling all the Focus Electrics as the lose power and stop while driving. No known cause yet.
    Ford recalling 2,600 Focus Electrics for potential power loss
    http://bit.ly/1aFsUa7

     

    An interesting article
    Five Cars That'll Force Car Thieves To Think Twice
    First answer?
    All EVs.

     

    Auto thieves don’t like most EV’s. They have range anxiety. ;-)

     

    http://bit.ly/1aFsUa9
    13 Nov 2013, 09:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    Got to thinking about our small ESS order and there's a few things to like about it I think, guessing at what we don't know of course. It's too easy to see the big negative - not enough scale. But that also has some positives if one gets out of the river of worry over cash flow.

     

    First, small enough to be engineered, integrated, installed and operational this quarter. That pulls a timeline forward that will help accelerate future sales.

     

    For a first commercial application, I can see reduced risk with reduced size. This early in the game, with customers who think they know what they need or want, but may not know, smaller scale means less risk if it turns out adjustments are needed.

     

    Risk is both increased and decreased with customer-supplied electronics. If a knowledgeable third party is doing the installation and integration, risk to Axion is further reduced.

     

    If there's any issue at all with the batteries once an integrated system begins operation, remediation expense and risk will be lower, regardless of who bears the cost.

     

    A small scale unit that people can view, review monitored results later on, ... is a powerful sales tool for customers that wonder "can it be economical at my small scale" (likely a large percentage of potential customers in this area?) and of customers that would ask "can it scale to my size needs and be reliable".

     

    All this may seem tenuous scratching for small positives. Yes it is. But if the results are good these may be significant items that help forward progress. Relationships get formed that further aid the commercialization effort.

     

    Are any of these thoughts worthwhile enough to add "significance" to the order? I can't say, but just wanted to think of some positives.

     

    HardToLove
    14 Nov 2013, 08:56 AM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    HTL,

     

    I also think we forget what a great position our little nano-cap company has achieved. Most companies struggle to have one good shot at success. We have just established another leg of potential success.

     

    1. BMW has asked Axion to establish an agreement with a battery manufacturer. That negotiation should be nearing completion. Remember also that an Asian automaker is also a potential customer.

     

    2. NSC has publicly announced that the battery powered yard locomotive would soon be operating.

     

    3. ePower has notified Axion it will be purchasing batteries for ten more trucks. JP is now an inside news reporter and ePower has given a green light to open the doors of information.

     

    4. The Navy is researching the use of Axion's batteries to reach Net zero energy use.

     

    5. Now we have our first commercial customer for the PowerCube.

     

    I'm sure there are others I have forgotten.

     

    How many start-up nano-cap companies can claim one or two of the potential markets listed above? If just one of the above markets opens up, Axion will survive. If two or three prove to be a success, Axion will be a juggernaut. Imagine if all five become successful markets!
    14 Nov 2013, 09:14 AM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    I see two BIG positives in the sale. First, cash revenue is cash revenue. It is less than many would like to see but nevertheless cash inflow. Second, there is every reason to think Axion secured this sale in open commercial competition with a host of energy storage vendors providing solutions based on alternative chemistries (including Ultrabatteries). Securing a contract in open commercial competition is SIGNIFICANT, period.

     

    ISTM that receipt of a cash deposit on the order was likely mentioned in part to help defray concern over viability of the unnamed buyer. It occurs that many competitions for contracts could well remain undecided with end of year expiration of tax credits on solar/wind power projects looming (projects must begin this year). The unnamed buyer may have very sound competitive reason for anonymity at this time.
    14 Nov 2013, 10:30 AM Reply Like
  • dlmca
    , contributor
    Comments (335) | Send Message
     
    jveal

     

    Agree on the possibilities

     

    Attended venture capital session this AM.

     

    Experienced people presenting

     

    Among the takeaways

     

    "It is not the horse that counts... but the jockey"

     

    One should expect 14 to 17 years from start up of an idea to "real" payoff. We are at roughly year 10. The accomplishments are significant as you have ably set out

     

    Up to the jockey(ies) to show us the money

     

    14 Nov 2013, 10:16 AM Reply Like
  • thotdoc
    , contributor
    Comments (1417) | Send Message
     
    jveal-

     

    That it is the jockey, not the horse is so true.

     

    Due to a fluke experience, I've been on the Board of several start-ups. While every company got at least to the 5th round of financing, every one failed due to the ineptitude of the Jockey.

     

    In start-ups the Board has much less power in influencing the outcome, up to the point of pulling financing, than one might think.
    14 Nov 2013, 10:57 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    Of course horses can change owners in a claims race such as ours. That is my biggest fear.
    14 Nov 2013, 03:24 PM Reply Like
  • RyanfBell
    , contributor
    Comments (70) | Send Message
     
    Looks like the east wing paint has cured, is it safe to come out with both barrels blazing or just keep it holstered.
    14 Nov 2013, 10:19 AM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    ePower Stuff

     

    Brianfscott
    tahoe1780
    RuggedDC
    Geopark
    dlmca
    Ranma
    isthisonebetter

     

    I may have missed your reply. Please check your PM and reply.
    Thanks

     

    I now return you to our regularly scheduled programming
    14 Nov 2013, 10:50 AM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    Ranma, never mind. You're good. Having a senior moment here.

     

    Excited over earnings !
    14 Nov 2013, 11:02 AM Reply Like
  • raleigh731
    , contributor
    Comments (282) | Send Message
     
    added 31,000 yesterday and today. Couldn't decide on whether to wait til after the call or not. As I believe in the company long term, I decided to buy now and buy later (maybe?).
    14 Nov 2013, 11:09 AM Reply Like
  • geopark
    , contributor
    Comments (256) | Send Message
     
    >raleigh731 . . Congrats on your purchase. I am hopium(ing) to up my position as well just as soon as I can free up spec cash. Obviously as investors we all want to get the best buy price but to my thinking anything under .25 is quite a bargain as long as I am able to hold as long as necessary (and am not afraid of a total loss).

     

    Like you, "I believe in the company long term" and it seems to me most posters here share that view. The biggest difference I have noticed is how people think of management. Nuff said, geopark
    14 Nov 2013, 11:26 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    I have been following Axion forever. I moved to the sidelines a while back at .36 I think. That was a 70% loss on my investment. I shudder to think about the loss percentage I would have had at .12

     

    I have a hard time creating the kind of long-term enthusiasm some members of the APH express. Why? Simple - what is Axion going to do when the current financing runs out? I can't imagine what kind of financing Axion can gain when the PIPE'ers money is gone. The recent $310K isn't going to extend the runway very far. Will someone please tell me how Axion is not going to go over a cliff?

     

    I've wanted to rebuy forever, but I haven't found a single reason to support it so far.
    14 Nov 2013, 11:37 AM Reply Like
  • geopark
    , contributor
    Comments (256) | Send Message
     
    >bangwhiz . . Sales!

     

    Cannot argue with your logical thinking which is why this is always a spec investment for me. If the money does run out, I expect the PIPER's or their ilk will be available for a new set of loans (god forbid eh?) since as far as I can see they are doing fine with this round of 'investment'.

     

    geopark
    14 Nov 2013, 11:45 AM Reply Like
  • Retired Aviator
    , contributor
    Comments (1468) | Send Message
     
    bang

     

    I think you are suffering from "looking in the rear view mirror" syndrome. Sure, from today's perch of just $.12 and a recent horrible dilution, the prospect of another financing round next year is daunting.

     

    However, good news is near at hand (weeks or months away, not years) and the cash burn rate is already slowing. Today at the cc, that the next financing estimated need is pushed back to Q4 of 2014 is just huge in my opinion. It used to be Q1 or Q2 IIRC. That's called slowing cash burn. Any and all sales to come will slow it further until at some point cash flow goes positive.

     

    Any financing for production expansion with contracts in hand will be straight debt on FAR better terms, not convertible. Supposing that I'm wrong and there is another PIPE deal in 2014 or 2015? Don't just assume it goes off at a low share price -- the price could be much _higher_, in which case you do not get diluted if you purchased much lower today. You are in fact sitting better than the financiers! Also, a new PIPE deal at a _higher_ pps would mean that full ratchet provisions don't apply and don't hurt us. In other words, once the tide turns, all the dark clouds that are weighing things down now, such as the $.10 penalty, go away and there is only blue sky. Even the current foregone conclusion that there will be 200mil shares outstanding when the smoke clears is not true. Should the pps lurch up and stabilize at say 15-20 cents or so, the PIPErs would get far fewer shares these last few installments and as a result the total outstanding could be considerably less than 200mil.

     

    I'm not predicting any events here, just pointing out that if things do go well it sets off a chain reaction of other good things.
    15 Nov 2013, 09:57 PM Reply Like
  • LT
    , contributor
    Comments (4597) | Send Message
     
    RA, your optimism is good....but we already know there will be 200 million and on top of that .... the approved share count is now 350 million.
    There was a reason the PIPERs added the clause to increase shares available....AXPW will probably go over the 200 million in this round, and then in '14 whether it's growth or just another PIPE there will be more shares issued.
    Until this is over, the price can't skyrocket. Even 10 of these sales like today won't put a dent in the need for cash.
    16 Nov 2013, 04:35 AM Reply Like
  • Retired Aviator
    , contributor
    Comments (1468) | Send Message
     
    LT,

     

    IIRC I've never seen you have any positive or even neutral things to say about Axion. I suspect you are short because if you had no position what would be the purpose of continuing to haunt this concentrator? I'm all for discussing the negatives, but when somebody has only negative points, some stretching, I'd say he is either short or a troll.

     

    I demonstrated that 200mm shares is not certain, which is a fact. If great news occurred (say a tender offer) tomorrow and pps shot to 30 cents then PIPErs would get far fewer shares the last four installments. Do the math then -- 200mm shares is not the certainty you say.

     

    Approved share count is really a contingency measure, also not a foregone conclusion by any means. If another $10 million goes off that ends up converting at $.333, due to good news henceforth on the orders front, that's only 30 million more shares for a year's worth of cash for a total of ~230 million shares outstanding and far from the 350 million.

     

    Ten sales of $320k is $3.2 million. At 18% gross margin that's $576 contributing to the bottom line, adding perhaps a month of runway. The thing is though that sooner or later multi-million dollar contracts will come, and they will accelerate in frequency. It will be geometric, not arithmetic, growth in sales because the PbC works and it works fabulously.

     

    Right now we've got a potential user market that's afraid to take a risk on a new technology due to institutional inertia: If you are a corporate bureaucrat essentially, in some large organization that could benefit from PbC, your perverse incentive personally is actually to not stick your neck out and take any chances on new daring initiatives. If they fail you lose your reputation and maybe your job. If they succeed, higher ups will take the credit. No incentive for anything more than dipping the toe in the water with extended "testing," which is exactly what we have seen.

     

    This is one reason why ePower is the only customer going out on a limb with ringing endorsements of PbC and pushing the product out to his customers. Jay Bowman has nothing to lose as an entrepreneur and has no bloat in his small, lean start up. His staff's jobs hang on the line of making this tech work through innovation, rather than the opposite of innovation. He also has no sales, so it's do or die for ePower, on a short financial leash. (JCI or BMW have no leash.)

     

    Once the tide turns and more and more early adopters are on board with PbC, the institutional inertia dissipates. It's more like, "We'd better get PbC because everybody else is buzzing about it and we don't want to be the dummies who can't see the value."

     

    So I say there is rapid (geometric) sales growth in the cards at some point. Share price will likely factor that in with strong upward moves. We may get some more rain, but as I said before the extended forecast is for the clouds to give way to blue sky.
    16 Nov 2013, 06:32 AM Reply Like
  • greentongue
    , contributor
    Comments (750) | Send Message
     
    Imagine when NSC make the decision to begin active testing of 10 engines. That is quite a few batteries just by themselves plus, the message it sends is the starting gun to a race.
    Like ePower, as soon as the field results start pouring in, those who are not using the batteries will be left behind waiting to catch the next wave of cost effective innovation. They will be lucky if Axion doesn't have another exclusive contract, this time with NSC.
    16 Nov 2013, 10:27 AM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    That's actually a good song for NS 999 background music. John Lennon's Imagine. A rhythm of dreamy possibilities. Nothing concrete. But possible.

     

    I am starting to wonder if the Corvus testing is imparting delays into the program. But then I think about the NSC annual report update on the program and the joint presentation by NSC's Gibson Barbee / Axion. I just can't imagine what's holding this first application up. Been so long NSC will probably need replacement batteries for the first prototype roll out with PbC if they choose it.

     

    And then there were the additional batteries they ordered to play around with at the same time they ordered the initial set for the NS999. For what? I was hoping it was for electric rail side track support equipment like track oil stations and various signaling equipment for off grid and back-up power. But then who the heck needs something else to watch with NSC managing the roll out.
    16 Nov 2013, 10:48 AM Reply Like
  • DRich
    , contributor
    Comments (4427) | Send Message
     
    >greentongue ... I'm much more concerned about NSC testing the single unit they have already. It has been said ... somewhere ... that such a thing would be a 2013 event and that all that stood in the way was some minor "contractor delay" ... no big problem or big deal. Right! To-date we have no reason to think the batteries are a problem (though we don't know for sure) but the longer it sits the implication is something is a problem and not a minor one. Someone knows and it is not me though I can think of few with top candidates being regen heat and/or software.

     

    Without it rolling, at least someday, and no explanation why it sits in storage, I don't see other railroads being willing to stick their necks out and adopt the PbC. Our "Retired Aviator" laid out the argument as well as it could be put.
    16 Nov 2013, 10:53 AM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    DR! We AGREE on something!
    16 Nov 2013, 11:59 AM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    RA ... Given 166,837,411 shares outstanding as of Nov. 7, it appears to me that with share price holding present levels completion of the PIPE would lead to 203 mil. - 204 mil. shares outstanding. With debt conversion at share prices discounted 15% from vwap over preceding 40 trading days, a December issue of very near 10 mil. shares is pretty much already assured with a further $2,575,000 in senior notes (plus interest) remaining for conversion. Share price must rise to avoid breaching 200 mil. shares outstanding and it could certainly do so in response to more PbC sales.

     

    Axion's gross margins are single digit-to-low double digit due to low margin on the toll contract (flooded lead acid battery assembly) with a larger, well established battery OEM. Margins on PbC batteries are almost certainly 2.5X - 3.0X its average margin. I expect the $320k PC sale carried a margin much closer to $100k than its was to $57.6k.
    16 Nov 2013, 01:47 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    D-Inv: "With debt conversion at share prices discounted 15% from vwap over preceding 40 trading days"

     

    It's the average of the lowest 20 vwaps in the 40-day window that's used. Big difference.

     

    My blog has a recent history of the calculated 85% prices updated nightly or morningly or ... :-))

     

    As of last evening "11/15: 20 lowest intra-day VWAPs in 40 days avg, $0.1183, x 85%: $0.1006"

     

    HardToLove
    16 Nov 2013, 01:51 PM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    Thanks for the memory refresher/corrector, HTL. There is indeed a big difference between the two. Eyeballing your blog numbers, the MAXIMUM PIPEr exercise price in December will be around $.10 share giving them 10 mil. shares but share prices over the next few weeks could lower the exercise price a bit and yield PIPErs a few more shares. And if share prices hold present levels or drift lower, the January and February conversions will increase share count by a minimum of 10 mil. each. Higher December share prices would reduce number of shares issued in Feb. and lower December prices would increase the Feb. issue.
    16 Nov 2013, 03:40 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2556) | Send Message
     
    Great points Bang. Maybe TG can shed some light on that tomorrow.
    14 Nov 2013, 11:41 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2556) | Send Message
     
    Agrion's sponsorship advertisement. Axion noted in the ad.

     

    http://bit.ly/1aVHnVI
    14 Nov 2013, 11:50 AM Reply Like
  • RyanfBell
    , contributor
    Comments (70) | Send Message
     
    Curious as to what everyone's take is on the word "Significant Orders" means in relation to what we just saw yesterday.

     

    More like its a good start but is this another 300 percent bolster that is meant to keep the jackals at bay for another couple months.
    14 Nov 2013, 12:11 PM Reply Like
  • geopark
    , contributor
    Comments (256) | Send Message
     
    > RyanfBell . . Agreeing with what others have said, an order is by definition "significant" because:
    . . it may well lead to other sales (success breeds success) and
    . . a dollar is a dollar.

     

    Obviously the dollar amount is less than "significant" because of it's size. So, put me down in the "Significant Order" category with a small asterisk attached.

     

    geopark
    14 Nov 2013, 12:29 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Tomorrow, I hope Granville focuses on the outlook over the next year. Many investors continue to believe that the PbC is a compelling product in the long run. Including me. So little need to address that tomorrow in the Q&A. Keep that part of the PR, as they have in the past.

     

    But for investors in a long-time downward-trending stk under continued pressure from a tough financing, in a company of very constrained financial resources, time is of the essence. Hence the Q&A priority on the outlook over the next year, not on years 2-5.

     

    Because I think it's reasonable to assume there will once again not be much time allocated to Q&A, I suggest to keep it simple and ask only the very highest priority items:

     

    1) Please talk about the sales outlook over the next year.

     

    2) Please talk about your comment that the next financing will only be needed for faster than expected growth (i.e., expansion?)
    14 Nov 2013, 12:32 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (843) | Send Message
     
    3) Please talk about contingency plans that are in place in the event of a sub-.10 event, and the PIPRs demand cash in stead of shares; essentially changing Axion's status as a debt-free company.
    14 Nov 2013, 12:42 PM Reply Like
  • geopark
    , contributor
    Comments (256) | Send Message
     
    WOW . . now that is a good question to be asked. Thanks WIO
    14 Nov 2013, 12:47 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Excellent, WIO. And a good one for the new CFO to address.
    14 Nov 2013, 01:01 PM Reply Like
  • RyanfBell
    , contributor
    Comments (70) | Send Message
     
    Geopark....Very true indeed, this is a good day. Ill try not to assume the asterisk is as bad as the baseball one.
    14 Nov 2013, 12:35 PM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    While we're "waiting".
    Where have I heard this theme before?...(here)...see link
    I continue to find support of the arguments made here re subsidies (con), storage(needed), EVs (challenges), batteries (opportunities/efficie... etc.
    I continue to read articles affirming of many of JP's positions/arguments.

     

    My AXPW position has taken a big hit as many others.
    But I believe I have done my "homework" .
    I'm in, staying.
    That said..."The markets can remain irrational longer than you can remain solvent." - J.M. Keynes
    Frustration from many understandable.

     

    http://on.wsj.com/I1axWi

     

    Green Energy Is the Real Subsidy Hog
    "For 20 years the world has tried subsidizing green technology instead of focusing on making it more efficient.
    Green-energy initiatives must focus on innovations, making new generations of technology work better and cost less. "
    14 Nov 2013, 01:14 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    Looks like 86 has gone missing again (41 for the less formal amongst us). I haven't heard from him since he got out of the penalty box and borrowed my copy of Mad magazine. 86 are you out there? :-)
    14 Nov 2013, 02:20 PM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    To SD and all my brethren,

     

    Yea, do I yet thus still abide herein... albeit at whiles in various modes of depression. For the deliverance we have all looked for these many days and months went sorely overtardy in my case... and danger ensued....thus have I been scrambling to survive and maintain, with my d-i-s-position (mostly) intact... to still be ready for that day when (and if) these clouds finally do break at the last... whether that maybe only a month away, or another year and month away...

     

    For such *will* be a happy day indeed, and with much healing it is hoped, but nevertheless, certain scars will now remain...

     

    Such has been the learning.

     

    All that said, in reading now the fresh 10Q, I note a definite change in tone and style in the Results of Operations narrative. Clearly there seems to be the stamp of a new personality in it. There appears both a new terseness but also a new expansiveness in select areas-- involving more concrete descriptions and detail than we've seen previously. I certainly would have liked to have had more to read, but overall, something of a bs-ectomy. And that seems healthy.

     

    What seems clear is that NSC and BMW are clearly on their own timetables and that each will happen when they happen, irrespective of what Axion might want and regardless of anything Axion can or might do. Nothing at all new to suggest that they *won't* happen, just I think Axion seems consciously trying *not* to fuel more "any day now" thinking as far as these two giants are concerned. (which, ahem, has been one of my best specialties)

     

    Again, overall, just seems to reflect an increased commitment to elaborate where they can and stick to the facts. Just wish there was more of both...
    14 Nov 2013, 07:18 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    86,
    Hiya Bro,
    I missed your eloquent statements and grand sense of humor. Good to see you back.

     

    My own opinion is it will take another 2-3 years before sales become self sustaining, but I prefer to prepare for the worst and hope for the best.
    16 Nov 2013, 01:12 PM Reply Like
  • dlmca
    , contributor
    Comments (335) | Send Message
     
    some good questions for tomorrow being raised.

     

    anyone have thoughts on how we can "be sure" to have our questions addressed tomorrow
    14 Nov 2013, 03:06 PM Reply Like
  • geopark
    , contributor
    Comments (256) | Send Message
     
    "anyone have thoughts on how we can "be sure" to have our questions addressed tomorrow"

     

    This is the one area where I feel a serious reservation about management. AXPW is the only company I know where they limit the question and answer session. The usual close is 'There are no more questions at this time and we will now turn the call back to M. J Doe for closing comments'.

     

    I will try to get into the cue early tomorrow and make this simple request, that all questioners be allowed to speak within a reasonable time limit (say <3minutes) and that all questions receive a response from management even if the response 'we cannot address that issue at this time'.

     

    geopark
    14 Nov 2013, 03:34 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    The three questions raised above by Mr. Investor and WayneInOregon are the three most pressing in my opinion. I won't be able to listen live, so I hope those get asked.
    14 Nov 2013, 04:33 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Environmental and Social Safeguards Framework
    For
    Sustainable Energy Financing Project
    Fiji
    2007-2017
    Revised October 2013

     

    PG 9 mitigation measures talks about supplier responsibility concerning LABs

     

    http://bit.ly/HTeq06
    14 Nov 2013, 03:12 PM Reply Like
  • dlmca
    , contributor
    Comments (335) | Send Message
     
    Jveal

     

    "In start-ups the Board has much less power in influencing the outcome, up to the point of pulling financing, than one might think".

     

    Amen to that brother...and only finance we can pull is selling into a pipers trough unless management start to be more investor proactive and sensitive

     

    Point 2 in this morning session with VC's - an able and smart management report to key shareholders each and every month. The good the bad and the ugly - because when it gets ugly those investors can be your best friends

     

    14 Nov 2013, 03:33 PM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    I believe any special reports to "key investors" not including everyone else will get management in prison so fast it will take their breath away.

     

    Board members are excluded, of course.
    14 Nov 2013, 04:59 PM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    Link to quarterly report.

     

    http://bit.ly/188qSTF
    14 Nov 2013, 04:29 PM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    We believe that the currently available funds at September 30, 2013, and including the net proceeds from our May 8, 2013 issue of $9 million in senior convertible notes and $1 million in subordinated convertible notes and internally generated funds from net sales will provide sufficient financial resources to fund our current operations, working capital, and capital expenditures into the beginning of the fourth quarter of 2014. (p. 17)

     

    Also as reported previously, our work in the hybrid locomotive area has drawn numerous inquiries and requests for information from other rail carriers. We have executed Nondisclosure Agreements and we have begun project specific discussions with potential end users of our product. (p. 13)

     

    PowerCube
    The pursuit of one of those applications has resulted in a $320,000 domestic use purchase order for a PowerCube that will provide energy storage for a solar array to a customer in North America. This purchase order includes 600 PbC® batteries, racking, battery management system and a data communications system. We have also received a 40% deposit. This initial order is further proof of concept that the Cube model ROI has traction in more than one renewable application. (p. 13)

     

    Our marketing research has indicated for some time that the domestic Tel-com market is a very large market for batteries. Many of these batteries sit ‘on float’ and are primarily used for backup power. This is not a particularly good market for our PbC batteries and so we did not focus on it in the past. However, through our new relationship with MultiLink - a large provider to the Tel-com market - we found that there is a ‘niche market’ within the overall market. This niche market has been created because of the numerous segments of the country, where Tel-com is subject to grid irregularities, grid overloads and grid power deficiencies – all of which create various forms of brownouts that sometimes last only a fraction of a second, but nonetheless require ‘bridge power’ battery intervention when the disruption occurs. In areas where this situation routinely occur, the market is no longer properly served by a “float application” battery, but rather the market is best served by a ‘high cycle life’ battery product. In these situations, when normal Tel-com batteries - or even high end Tel-com batteries - are utilized, the end user, or service provider, is subject to significantly higher battery replacement costs – as well as high maintenance costs. This is a PbC battery sweet spot – both from a cycle life and a low maintenance cost perspective (p. 13)
    14 Nov 2013, 04:46 PM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    Financial health is estimated to last for another year. A considerable runway for more orders to materialize.

     

    NDAs with other rail companies is plural.

     

    The PowerCube is in North America and potential for other more lucrative sales in Island countries.

     

    A new market with Tel-coms is opening up.

     

    We may still be a few months from more major sales, but I like the fact that our potential market is expanding rather than contracting.
    14 Nov 2013, 04:55 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    jveal, how do you come up with a few months? Other than an odd PC sale here and there, it sounds like all of the new target markets are in their infancy where the product is not even listed for sale in any catalogs. Check the MultiLink product offerings that are currently available: nothing with Axion inside, maybe next year's catolog if we are lucky.

     

    Automotive is down to mentioning only a single "strategic parter" and seems to be saying nothing is going to happen any time soon there.

     

    Talking with other rail companies? See you in about 10 years on that one. The sentence on NSC sounded pretty dismal, too. I'm pretty disgusted at this point.
    14 Nov 2013, 05:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    JVeal: One thing that also caught my eye was that (emphasis added) "We exhibited our batteries and the ePower truck at the Indiana Green Fleet Conference in August. Conference participants CHOSE THE EPOWER ‘RIDE AND DRIVE’ OPTION IN GREATER NUMBERS THAN ALL THE OTHER TRUCK OPTIONS COMBINED (this according to Green Conference officals[sic])".

     

    Assuming that some useful percentage of riders were duly impressed, this could produce a decent pop in demand for ePower lease units for longer-term validation as they start to come available.

     

    Might suggest ePower has the delicious problem of managing growth and some of that will pass through to Axion.

     

    I liked the fact the PC customer was north American too.

     

    HardToLove
    14 Nov 2013, 06:24 PM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    Something of a different take to yours, ngs. With respect to automotive, the "Results of Operations" section of the 10Q reads, "As mentioned in our second quarter, we have been working with an ADDITIONAL (emphasis added) partner with respect to the manufacture of a product for the hybrid passenger vehicle market. That work has continued in the third quarter. We have made modifications along the way and will continue to do so with the concurrence of our OEM partner. I read that text as reporting more than one 'partner' on products for hybrid passenger vehicles. Lack of any discussion regarding collaborative efforts, or agreements with, established automotive battery suppliers does seem to indicate prospects for sales there any time soon are negligible. One might suspect that nothing will occur there unless or until Axion is one sound financial footing or is acquired by a battery OEM acceptable to auto OEMs.

     

    What was more notable to me was complete absence of any mention of market efforts in truck S/S or APUs.

     

    The 10Q is clear is identifying market prospects in Tel-com as "PROPOSED (emphasis added) usage with MultiLink's new EBI series CATV power modules." ISTM the joint exhibition with MultiLink at the SCTE Expo in Atlanta was undertaken to help gauge market interest in the product and to stimulate initial sales to cable system innovators for evaluation. This does not appear as a huge market, but one capable of generating hundreds to single digit thousands of PbC sales each year - good forage revenue that increases market awareness of the PbC.

     

    14 Nov 2013, 09:21 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    HTL,

     

    "I liked the fact the PC customer was north American too."

     

    I'd really love to know where the PowerCube gives a ROI here in the US? The only place I can think of is Hawaii, but I've heard nothing to suggest they've got anything brewing there. Must be someplace were there is high daytime energy demand to make it worth it with the FERC regulations kicking in.
    14 Nov 2013, 09:54 PM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    Don't think Hawaii qualifies as North America. Could the attractive ROI in North America be attributable to regional operator rules on rates paid to renewable energy producers dependent on predictability/reliable of supplies provided? IIUC, PV generated power drops sharply when clouds pass over the PV panels. Might the frequency regulation service supported by the PbCs stablize or reduce amplitude of generated power delivered to the grid? A variant of "behind the meter" application?
    14 Nov 2013, 10:50 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    I can envision a few things where ROI would apply today. Capacity upgrade or refurbish deferral, remote ares off grid (There are infrastructure islands as well), reduced downtime for business. There are niche markets all over the place.
    14 Nov 2013, 11:56 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    The 10-Q seems to suggest everything is still in the stage of trying to get people to buy batteries. Lots of leads, but everything seems months to years away. They seem to be downplaying automotive stop-start now, barely getting two sentences in the Q. I don't ready anything to suggest there are any more near term "significant sales" coming our way.
    14 Nov 2013, 04:50 PM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    NGS, I'm beginning to suspect that s/s is an endangered idea. I wonder it the concept is going to be tabled for a year or two.

     

    Beemer is sure on a new glide path to the idea.

     

    Today's backoff from health care mandatory initiatives suggests this administration may be more flexible than they advertised. Same flexibility with mandated mileage targets?
    14 Nov 2013, 05:07 PM Reply Like
  • DRich
    , contributor
    Comments (4427) | Send Message
     
    >nogoodslacker ... I, too, don't read anything suggesting sales are in the offing. Significant or otherwise. ePower is still the leading contender for becoming Customer No. 1. Reading this leads me to believe that it will be 2016 before Axion gets its cashflow feet on the ground ... hopefully.
    14 Nov 2013, 05:16 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Starting to sound like a mass exodus from the stock will kick in in earnest from tomorrow....:((( Normally I would find TG's words reassuring and to some extent I believed him, but now that benefit of the doubt is simply gone
    14 Nov 2013, 05:47 PM Reply Like
  • DRich
    , contributor
    Comments (4427) | Send Message
     
    >Amouna ... Mass exodus??? All I can tell you is that I'm not going anywhere. I'm not in the "go down with the ship" crowd because I don't think we've struck that wayward burg but I don't see "backing up the truck" either. Just agonizingly & slowly getting better with anemic sales. I'll take a surprise though.
    14 Nov 2013, 05:57 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    DRich,

     

    I don't know how long you have been on Axion, but ever since I can remember TG he struck me as over-optimistic with his predictions about sales!

     

    Maybe he is learning the hard way what it feels like to pitch a new product in a not so se*y industry to very conservative customers, in which case it is highly suggested he tones down the predictions because all it does is mislead us into thinking we are there yet, when we are only halfway there
    14 Nov 2013, 06:05 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    The one area where Granville really sticks out as being conservatively accurate in his projections is in these 10-Qs and K's as to when he thinks outside $ will be needed. Therefore, when he now says Q4 2014 I think that is believable, absent extraordinary events of course.

     

    A year of runway for a price of 10-12 cents/share? Doesn't seem so bad to me. I may do some shopping tomorrow.
    14 Nov 2013, 06:20 PM Reply Like
  • DRich
    , contributor
    Comments (4427) | Send Message
     
    >Amouna ... Just so you know, I've been a shareholder since 2007.
    14 Nov 2013, 06:43 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    DRich,

     

    Ditto. If they've got enough money until the 4th Q of next year I see no reason to jump ship now. The stock has been in my sock drawer this long, I guess it can stay awhile longer.
    14 Nov 2013, 09:49 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    Problem is, if the price falls below 0.10 and PIPERS demand cash plus 25% (and they would have to be foolish not to demand it), then they do not have cash to get through to next year. It would be an instant liquidity crisis. I see this as the main existential threat to current shareholders. This needs to be the number 1 question asked at the CC today.
    15 Nov 2013, 09:00 AM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    NGS, Thus far it looks like they are doing just fine manipulating the stock the way they have been. Why change what works UNLESS you plan to take a shot at pushing them over the edge in the hopes of taking control of the company if nobody else sees value in the tech. A long shot for sure but....
    15 Nov 2013, 09:28 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    iindelco, I see it as a choice between selling shares aquired at a 15% discount into a declining market, versus getting cash back plus 25%.
    Maybe I am not understanding the PIPE deal correctly, but the latter seems like a better ROI if I am a piper. Now, if I was selling into a rising price market, that would be a different story. What am I not understanding.
    15 Nov 2013, 09:35 AM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    NGS> The price is range-bound but has plenty of volatility that the PIPErs can trade to their advantage. The 10-Q disclosures tell me that in addition to the five scheduled installments of $1 million each, the PIPErs have exercised early conversion rights on another $425,000 of their notes.

     

    Axion traded 86 million shares in 2012. It has traded 114 million shares since June. While nobody knows where the buying is coming from, my guess is that holders who bailed in disgust over the last couple years may be coming back to the party.
    15 Nov 2013, 09:50 AM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    NGS, They can look at how their trading has been doing and if it's doing better then they can stick with it. I think they have been doing better on average. I also think they have tested pushing it below ten cents and there is significant strength. Don't fight the tape.
    15 Nov 2013, 10:46 AM Reply Like
  • brianfscott
    , contributor
    Comments (51) | Send Message
     
    A pretty disappointing read. I was hoping yesterday's acorn/sales announcement was an appetizer for TG's promised banquet. Oh well, hanging in there...
    14 Nov 2013, 05:21 PM Reply Like
  • dlmca
    , contributor
    Comments (335) | Send Message
     
    Geo

     

    With you brother

     

    excellent point
    14 Nov 2013, 05:25 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    It is starting to smell like BMW is not in for a few more years, if ever....

     

    I don't like this quarterly report for some reason. A lot of irons, but none is really ready. The whole timetable is being pushed by a few years, which sadly will mean a lot of pain remaining for our shareholder base. I don't like how it sounds, but IMHO it is the reality once you take away the TG rose colored glasses

     

    I don't know what to think of TG now. 320K sale and a "promise" of more sales is not exactly what I was expecting of him. He may say what he wants tomorrow on the call, but all I can see for the time being is Axion barely getting its product "noticed". Converting testing into actual meaningful sales is proving to be an impossible task for this management
    14 Nov 2013, 05:26 PM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    Amouna, the smell of BMW is caused by their substandard some would say crappy s/s option. If they had gone with Axion in the first bleep place this would not have been a problem for them. BMWs disappearance as a promising customer is of their own making, not ours.

     

    As to "noticed", I don't know how you have measured your yardstick, but from folks I know who do stuff, Axion has most assuredly been noticed. Everybody and I mean EVERYBODY in the railroad industry knows of PbC. What that means, I haven't a clue, but noticed we are.

     

    Management doesn't go from testing to product. Customers do that. A horse that refuses to run is not a product of a jockey doing the riding. It is a product of breeding. There is zero Axion management can do to force customers to commit hundreds of millions.
    14 Nov 2013, 06:43 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    VW,

     

    We are entering the period (over a few quarters or even years) where Axion will have to come up to the realization of whether it has a product that is "wanted" by the marketplace or not. You mention that customers are the ones moving from testing to firm orders and you are absolutely spot on. Sometimes I do get emotional and want things to move along at a much faster pace than they are, but I know the reality of the business world out there.
    TG is certainly an upbeat CEO in terms of predictions and the idea is to not take him literally to his word when it comes to timing. As for sales, I guess we will have to see how other customers react to the first sale of a PowerCube. If the product is really worth it, the order list will be growing in no time
    14 Nov 2013, 07:08 PM Reply Like
  • greentongue
    , contributor
    Comments (750) | Send Message
     
    I don't think there is less interest from BMW then there was, I think that as the size of the confirmed uses increased, the slice that was S/S has proportionally decreased.
    Before it was about all there was to talk about, so it seemed more important. Now there are a lot more active markets, and S/S no longer gets the spotlight. When you compare over time S/S has gone from one of a few to only one of many.
    14 Nov 2013, 08:13 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    VW, I too was thinking about the RR's while reading the last few post. If there is a sell off, I will be buying. I bought 9000shrs this week, plus, I also have had a GTC order in for 10,000 @ .1001 for about a month now.

     

    I am so looking forward to the cc tomorrow. The RR's have been ordered to do something about the cancer causing pollution emanating from there switching yards. This isn't about IF they are going to do something. It is about how soon. The NS PbC switcher loco will also eliminate much of the noise pollution. I am definitely hitching a ride on this train.
    14 Nov 2013, 10:47 PM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    Amouna,

     

    I think you are spot on. I am convinced TG is a stout-hearted optimist. I honestly believe he is not very good at singing and dancing, but he can't help but try to make us happy. I suffer from the same disease and try as I might the rainbow always appears long long after I put my raincoat away. I did not try to deceive my wife when I promised her comfort . . . . the nice bank account did arrive twenty years late however.

     

    Greatest lesson I've ever had to learn. Patience.

     

    And I agree with you that the cube will be our first big bang. And I've joined the dumpster porcupine looking for promises away from the autos. My first love is the TEMLO. My first hope is the cube.

     

    481 has noticed a change in style. I also. I suspect the change is not in how TG has chosen to write. I suspect it is that our new finance guy is demanding to hold the pen. That's a good thing.

     

    Meanwhile I love TG's hand on the throttle. He loves this company and our PbC product. I never buy anything above the price of a pack of gum from anybody who is not giddy about his product. TG is obsessed with ours. I like that.
    15 Nov 2013, 09:32 AM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    NGS and others,

     

    I don't see Axion with the unbridled optimism I had two years ago after TG surprised us with the first PowerCube with Viridity. I have lost money that I could not afford to lose with Axion. Yet I am still invested heavily in Axion.

     

    I am still very optimistic that Axion will survive and eventually thrive. Axion has two more years of development and sales work under its belt. The NDAs with other rail companies could be as much as two years in development. I believe it was about two years ago that TG was frustrated with NSC and said they were now talking to other rail companies.

     

    I believe TG said two years ago that PowerCubes would be our first big sellers. He has been saying for at least half a year that the sales force has been increased to be able to cover all the requests for potential PowerCube sales. According to his statements last CC he apparently expected more confirmed sales by now. Hopefully he will be able to tell us of more sales just around the corner.

     

    I believe his silence about automotive is that his hands are totally tied with NDAs. We could hear an announcement in a week, it could be 2 years or never.

     

    NSC could make an announcement tomorrow that it is rolling out the NS999. It could wait another year! But we are not at the mercy of just one railroad company any more.

     

    ePower now gives us a customer that is open and we can hear about each development as it takes place. We are no longer completely in the dark. If ePower develops as planned, it may give us enough visibility in the investment community to have an easier time of financing next year.

     

    I see all of the delays and dashed hopes just like the rest of you. Yet the accomplishments that I see leads me to believe that successful sales are not very far away. None of us knows enough about what's behind the curtain to make any sure predictions. Yet I believe we will have enough good news by the end of the PIPE selloff that we will have a steady appreciation of pps. If one of the sleeping giants wakes up and announces a major purchase order the pps will attach itself to a rocket.
    14 Nov 2013, 05:59 PM Reply Like
  • raleigh731
    , contributor
    Comments (282) | Send Message
     
    I've not seen any statement before this report that NSC 999 is a sub-contractor situation. That makes it sound like the 999 is ready to roll once they get that situation resolved, if they haven't already, therefore the rumor of the switcher training in McDonnough, GA. Maybe I should have waited until tomorrow to buy...but I'm holding my shares.
    14 Nov 2013, 06:25 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    JVeal: "NSC could make an announcement tomorrow that it is rolling out the NS999. It could wait another year! But we are not at the mercy of just one railroad company any more."

     

    Please correct me if I'm wrong, but wasn't it NSC that said they would roll out the 999 in last Q of '13?

     

    Or was it *only* TG confused in my memory?

     

    HardToLove
    14 Nov 2013, 06:33 PM Reply Like
  • DRich
    , contributor
    Comments (4427) | Send Message
     
    >jveal ... We have had a very good idea that one rail service provider, RailPower, was looking at PbC since 2011 and more than one since 2012. Nothing really new there.

     

    >H.T.Love ... It was Norfolk that put that date out there.
    14 Nov 2013, 06:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    Thx DRich! I have confidence in them and, now, a little bit more in my memory! :-))

     

    HardToLove
    14 Nov 2013, 07:11 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Raleigh, TG has indicated at least once before that there was a contractor issue holding up the NS 999 program.
    14 Nov 2013, 08:42 PM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    DRich, thanks for answering HTL's question and filling in the details on RailPower. I'm not a railroad expert and I've got a lot of work taking me away from my computer lately.
    14 Nov 2013, 08:51 PM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    jv
    "None of us knows enough about what's behind the curtain to make any sure predictions. ...If one of the sleeping giants wakes up and announces a major purchase order the pps will attach itself to a rocket."

     

    Well said.
    15 Nov 2013, 05:28 PM Reply Like
  • LT
    , contributor
    Comments (4597) | Send Message
     
    Better hope for something really big in the cc tomorrow. Otherwise a lot of unhappy shareholders gonna be floating around.

     

    I decided long ago that the PbC was going to be a "niche" mkt. battery that needs it's fast discharge/charge cycle life. It just doesn't have enough staying power for energy storage only. TG just said that in the telecom statement.

     

    It was a big statement last cc when TG said they have "removed BMW'" from income projections. Now auto seems to be fading. I was afraid of this....it's just taken too long and no adoption.

     

    Rails got interest and a boost from the NSC conference recently. Let's see where it goes.

     

    Last thing, be prepared for new financing way before 4th qtr. 2014. I doubt he will wait till the 11th hour again. Anything that moves the stock back up will be followed by another offering.
    Biotechs have done it all fall.....present positive results then raise a ton of cash....since '08 no good CEO is taking a chance on credit markets bankrupting them.

     

    So far, the sale and 10-q is about what I expected. Good luck with the stock and getting info out of TG tomorrow, and beware of his Rose colored glasses and upbeat outlook. It's been this way for years.
    Let's see if .10 holds.
    14 Nov 2013, 06:04 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    "Good luck with the stock and getting info out of TG tomorrow, and beware of his Rose colored glasses and upbeat outlook. It's been this way for years"

     

    Amen brother!

     

    I am hopeful the new CFO will know where to go and what to do exactly to limit the damage on the pps comes the next fund raising episode.
    14 Nov 2013, 06:10 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    Good summary LT. Kinda thinking along parallel lines.
    14 Nov 2013, 10:55 PM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    LT

     

    It did.
    15 Nov 2013, 05:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    No mention of tier supplier to auto manufacturer at all. Not even "continuing talks ..."?

     

    HardToLove
    14 Nov 2013, 06:35 PM Reply Like
  • DRich
    , contributor
    Comments (4427) | Send Message
     
    >H.T.Love ... Makes a person wonder, doesn't it? For my own sanity I'm guessing that negotiations have progressed to a point that a blackout is warranted. BMW has just been around too long to think they have completely given up.
    14 Nov 2013, 06:55 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    There are several "potentials" that the company mentioned recently in their investor pres that did not make it in this 10-Q. I expect we'll hear about those tomorrow--that they're still active, and perhaps some color.
    14 Nov 2013, 07:01 PM Reply Like
  • dlmca
    , contributor
    Comments (335) | Send Message
     
    The only thing that will move our beat down price is announcement(s) of sustained sales revenue followed by anticipation of actual EPS

     

    Wonder if our new CFO will be allowed to talk tomorrow. He has made a big commitment and I doubt he did it without reasoned assurances of success
    14 Nov 2013, 07:24 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    dlmca, I'm with you re: the new CFO. I'm hoping he says a few words about why he chose to join Axion. He seems like a dynamic individual.
    14 Nov 2013, 08:48 PM Reply Like
  • Al Marshall
    , contributor
    Comments (498) | Send Message
     
    Wow, that has to be one of the least "newsy" quarterly reports I've seen from Axion!

     

    Sorry for the above, but I had to work hard to come up with a sentence that would justify the use of an exclamation point ;)

     

    It does seem that the market wasn't too excited by the $300k sale as the price bump barely made it through the day and the price declined today to a point clearly below yesterday's open.

     

    Yes, us Axionistas can see that the sale may be a pretty good thing and of greater information value than the market is giving credit.

     

    First, as it would seem, the secrecy indicates that the customer likely is a non-government entity which presumably is economically motivated.

     

    Second, given the info that the sale comprised 600 batteries without the power handling equipment implies that Axion likely received a good price per battery - almost certainly over $400/each (allowing for 25% of the sale price for the non-battery portion).

     

    Third, with the domestic nature of the sale, it's more likely we're not looking at a Caribbean deployment and thus, it appears that someone found an economically viable opportunity in a place with sub $.40Kwh electricity.

     

    So, it looks like a little bit of a step forward. Nevertheless, with my first read of the 10Q it seemed everything discussed was early stage as Amouna pointed out above. I consider that to be a clear disappointment.

     

    I hope someone asks TG to reconcile the 4Q14 date with his statement at the annual meeting that the company will not have to raise additional capital unless growth dictates a need to expand capacity aggressively. Does he think that is still on track?

     

    One final thought on the stock price. Axion is down so far that the market price pretty much represents its liquidation value (counting the patents at zero). We all know that. However, I want to suggest that sentiment is even worse than that. The sale yesterday was good news in an absolute sense. However, the price is now down. To me that represents a combination of dashed expectations that we'd have even better news, but possibly also a component that the improvement in value due to this event has merely reduced the gap between Axion's perceived value vs. its liquidation value. I think the effect is mostly the former point (the disappointment) but the price over the coming weeks (assuming no additional news) may shift to indicating the latter factor.

     

    Getting pretty academic here, but this sentiment being even below the liquidation price floor we are at does create an additional opportunity for Axionistas. Axion is a more valuable company than it was before yesterday's sale yet the stock price isn't reflecting that. It is quite possible that this condition may persist through the next announcement of positive news. So, while I can't yet recommend family and friends buy the stock, I am going to suggest they ready some dry powder so they can act quickly and be a fast follower.
    14 Nov 2013, 07:33 PM Reply Like
  • greentongue
    , contributor
    Comments (750) | Send Message
     
    When our stock, at "fire sale" price, catches on fire, all the moths in the woodwork will be suddenly attracted.
    14 Nov 2013, 08:25 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (843) | Send Message
     
    "No mention of tier supplier to auto manufacturer at all. Not even "continuing talks ..."?"

     

    HTL, I think the reference below to "additional partner" is the tier supplier you mention. I'm assuming "strategic partner" is referring to BMW. Though it's singular, I don't read that as excluding the other OEMs mentioned in the last cc.
    .........................

     

    From the Quarterly Report:

     

    "As mentioned in our second quarter, we have been working with an "additional partner" with respect to the manufacture of a product for the hybrid passenger vehicle market. That work has continued in the third quarter. We have made modifications along the way and will continue to do so with the concurrence of our OEM "strategic partner".
    ,........................

     

    Overall, I'm not particularly pessimistic. I think the PC is what's going to see us through in the near term, and I don't see anything overly dour on that front. I'm willing to see what TG and Co. have to say tomorrow.
    14 Nov 2013, 08:49 PM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    Wayne I read it the same way you did.
    14 Nov 2013, 08:58 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Wayne and Jveal, I support your thoughts as to the meaning of that statement.

     

    Edit: BTW, I take the changes to mean that they are doing some work to make the product easier to integrate into the potential partners operations and also the possibility that the partner is mentoring some lessons learned into the product. All of this would have to get the nod from BMW and any other potential customers given the testing that has been completed and a few other factors such as possible program timing. In a nut shell all parties have to agree to process and product changes such that the risks to the program can be managed and progress can be tracked to completion. No surprises and all party buy in.

     

    Here is where Axion starts to have model A, model B etc. It's because what ePower needs is not what BMW and their supplier needs as an example.
    14 Nov 2013, 09:07 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    WIO, JVeal, IINDelco,

     

    I've read it a couple of times and I'm still not sure if it's the tier 1 battery company that BMW suggested or the "other" battery company that they've been talking to. I hope TG will be asked to clarify this tomorrow on the CC.
    14 Nov 2013, 10:11 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Yep, sure is nice for investors to have the time to reread the 10-Q before the conf call.
    14 Nov 2013, 10:22 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2556) | Send Message
     
    Unlike the disappointing ZBB call today.
    14 Nov 2013, 11:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    WiO:: Thanks. I didn't interpret it the same way. I was thinking that was the unnamed Asian OEM rather than the tier 1 battery supplier previously disclosed. But maybe that "... concurrence of our OEM "strategic partner"" should have been given more weight as a clue.

     

    HardToLove
    15 Nov 2013, 05:27 AM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    Tomorrow should be a wonderful day for holders of Tesla puts. Bloomberg just caught on to the accounting issues I wrote about in August and penned an article titled “Are There Cockroaches Under Tesla’s Hood?”

     

    http://bloom.bg/1dw454r
    14 Nov 2013, 09:19 PM Reply Like
  • RBrun357
    , contributor
    Comments (797) | Send Message
     
    I am really interested in what kind of a day the long term holders of Axion will be in for tomorrow!
    14 Nov 2013, 09:36 PM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    I suppose it all depends on how the conference call goes. The Form 10-Q is generally positive and there don't seem to be any immediate financing worries. While the PIPErs have been a pain to live with, they've already received five of their nine installments and we haven't seen the breakdown Tom Konrad predicted. It's only a matter of time before people start asking the critical question< "Where the hell is all this buying power coming from?"
    14 Nov 2013, 10:44 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    Thank God, John... at least my TSLA short should continue performing!
    14 Nov 2013, 10:59 PM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    10Q reports 166,837,411 shares outstanding as of November 7. Four more installments to go plus warrants.

     

    Absent announcement of multiple more sales or a very large sale before or during the CC tomorrow, developments since the Q2 CC while significant fall well short of expectations raised by TG in August. But the $320k PC sale and joint exhibition with MultiLink are very promising, and significant, developments. Axion is no longer limiting its marketing and product development focus to gigantic markets where the company's success is in the hands of huge companies over which Axion has no control or influence. There are distinct signs Axion's revenue drought is breaking.

     

    MultiLink appears to have a PbC-energized product it is test marketing. This is analogous to a sprinkle of rain. The 320K PC sale is perhaps analogous to a brief rain shower. Multiple responses to RFPs and RFQs for grid/renewable energy storage projects are darkening rain clouds moving in Axion's territory. One or more additional PC sales could easily follow this year. ePower is another rain cloud nearing New Castle and ripening to precipitation stage. NSC could surprise with a downpour.

     

    PbC buyers are proliferating and that is truly significant.
    14 Nov 2013, 11:35 PM Reply Like
  • RBrun357
    , contributor
    Comments (797) | Send Message
     
    JP,

     

    I agree, my concern is with how TG will handle the CC. Unfortunately, based on the prior CC's I am not real confident that he will pull it off but I certainly hope he proves me wrong! I am really hopeful that the new CFO will bring some spark to the party.

     

    I am not negative with the longer term prospects at the moment and am happy that we received a little PC order but if TG cannot properly explain the failure to provide significant orders as predicted I will definitely be disappointed as I believe will many others.

     

    If the significant orders are significantly delayed then TG's prediction regarding not needing to do another survival funding will also be a failure!

     

    It will be what it will be!
    14 Nov 2013, 11:38 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    John,
    Oh, I've asked, but I've not seen any indication of the buying coming from anyone other than private investors (ie Axionistas on the board and those who lurk). When I start hearing a Who's Who of fund managers on Axion's CCs, like I've heard on Tesla's CCs, then I'll know we're getting ready to run in the big leagues.
    14 Nov 2013, 11:52 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    RBrun357,

     

    "I agree, my concern is with how TG will handle the CC. Unfortunately, based on the prior CC's I am not real confident that he will pull it off but I certainly hope he proves me wrong! I am really hopeful that the new CFO will bring some spark to the party. "

     

    I would just like them to start the thing on time for once and not start 10 minutes late like they always do!
    14 Nov 2013, 11:55 PM Reply Like
  • RBrun357
    , contributor
    Comments (797) | Send Message
     
    Lab,

     

    Totally agree!
    15 Nov 2013, 12:02 AM Reply Like
  • obieephyhm
    , contributor
    Comments (1566) | Send Message
     
    oh, the drama of it all . . .
    14 Nov 2013, 09:49 PM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    obiee cuts straight to the bone !

     

    +1

     

    :>)
    15 Nov 2013, 09:46 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    Expect lots of shares changing hands tomorrow. I'm not selling a single share due to the reasoning I mentioned yesterday. There is intrinsic value in this company, even when you back-out the patents. No body ever made a dime panicking... which is what I predict will happen tomorrow to some extent.

     

    The other comment I'll make is that some entity is supporting (thus maintaining) the BID above .10c... and it *ain't* me and it *ain't* the Axionistas either!... My concern is that whomever is supporting the BID is doing so for nefarious reasons... but I won't go there.

     

    I'm a little jealous of Mercy Jimenez (and even Maya) who, realistically, foresaw this exact situation we are in right now, but well over a year ago. I remember her saying she has the "bruises to back it up." and that she accepts no B.S from CEO's... she just moves on.

     

    So that must put *me* in John's "pee on the electric fence" for myself category... damn!

     

    I expect classic TG tomorrow. But, outside of more sales, i'm not giving any credence to what he says... although i'm sure his innuendos will be dissected ad nauseum. Unless he puts it on paper, he doesn't have 'em folks... sales that is...

     

    As obviously "P.O.ed" as I am right now, I sorta feel like Jim Carrey in Dumb and Dumber: "... So you're saying there's a chance then!!!...." That's probably how we're gonna feel when TG prematurely ends the conference call tomorrow with loose ends dangling everywhere!

     

    So, ergo, inexorably I will sit on my hands for a few more months or quarters.

     

    I apologize to those who have endured this hell-hole longer that me. APC Host please feel free to delete my comment. If anyone shares my sentiment, please give me a "like"
    14 Nov 2013, 11:30 PM Reply Like
  • rupers
    , contributor
    Comments (64) | Send Message
     
    For those of you quaking about what tomorrow may bring as a pps, really? I've seen investors plop down more than that on pps of bankrupt firms that had no chance of the common share owners getting anything post-bankruptcy. I really think AXPW's pps has hit or is very near as low as it will get for the next 6 to 8 months.

     

    If you want to sell now, there'll be buyers at this price. I'm one of them and have been for the last 3 days.
    14 Nov 2013, 11:35 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    @rupers: Thats just one reason I will no be selling tomorrow.
    14 Nov 2013, 11:45 PM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    I'm finding it helpful to (finally) start thinking about the chances for ultimate success with a mind to looking at three nearly distinct tracks: The PbC technology itself, Axion the company, and finally the AXPW.OB stock. These things each have separate chances of survival and triumph.

     

    It seems increasingly clear that the PbC technology is going to succeed on some level and in some time frame and could become a significant presence in the battery landscape. Again, in time. But from the totality of what we've heard and seen from epower and nsc and PJM and given BMW's continued involvement, it's hard to argue that PbC itself is not legitimate. The ultimate potential could be anywhere from nicely filling a small but reasonable niche all the way up to becoming a truly significant and sizable portion of the entire lead-acid industry. But it's going to probably take the rest of this decade though to really know...

     

    Axion the company has likewise shown some staying power. Perhaps there have been some missteps, overreaches, missed opportunities, etc etc, but there has also been dogged persistence and continual and cumulative, if uneven, progress. There have also been some real coups... acquiring the battery plant, securing the 2009 financing, the PJM commissioning, achieving the continuous roll process... So on balance, I think Axion the company makes it. One way or another, I think they'll hang in and see it through. At least to a healthy self-sustaining viability at a minimum and perhaps to much greater than that. It *may* take another three years to make it happen, and they *may* end up selling everything but the kitchen sink (and a few firstborn children) to get there, but I do believe it *will* still happen...

     

    A real question is obviously then who's going to be left around by that time to actually enjoy that success. And of primary interest of course is what's going to become of all the investments so many have made into the company thus far, ie us here with all our lustrous and various collections of shiny 12 cent shares...

     

    So what is the destiny of our beloved AXPW.OB? We're clearly on our way to 200 million share neighborhood, that's kind of a given by now, but what's beyond? Will it indeed be this next year that is the real turnaround, or will AXPW.OB ultimately have to be (slowly) sacrificed for the greater good, to feed the prime directive: company survival and ultimate PbC success? I don't want to be alarmist or ridiculous, but I mean what are the chances, if that's what it takes to finally cross the chasm, that we are headed at some point to a nadir of 500 million shares at a nickel before the big, final, real turnaround happens? I mean at that point, with some huge contract finally (finally!) in hand, I could see them just doing a full flush---a ten or twenty or even fifty to one reverse split and just re-baseline the whole thing, bite the bullet and dern the torpedoes...do what it takes to get on an exchange, call it a new day and a new ticker and try to ignore whatever cries and screams of legacy holders.. I dunno. I know it sounds negative. I just want to know the boundaries. Axion's going to be a winner someday and for some folks. But It's going to be all about the timing. The PbC tech will live, definitely. Axion itself will probably survive too. The stock? Honestly, now living on borrowed time. And that time is sure getting more expensive. I think the cheaply bought years are now kind of behind us. (though a lot of heavy lifting is too) And jeez, we sure did pay a lot for the year now in front of us. But it could be worth it at last. It could be everything. Could.
    15 Nov 2013, 01:14 AM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    86,

     

    I agree prior to 2010 Axion did seems to be making the right moves. But now I think if they can hold a dime by the time 200M shares are out (2014) then they/we will be lucky.

     

    If somehow next Summer 300M more shares come about and costs everyone a nickel to raise 15M in expansion cash then at least that will be less price degradation then the last last 100M, shares which cut our stuck by 2/3rds, caused.

     

    IMHO, only those legacy Axionistas who can continue to double up and average down will ever be able to turn a profit on this stock now. Unless we think this a Billion dollar company someday its hard to fathom such high share counts working out well.

     

    Considering our new "significant" news was for 300K I'd say decade's end might still be too soon for Axion to ever get the old guard (those who have been around 3+ years) back above water. Then again TG may have collected Millions in salary by the time this is all said and done (so yes there are some who would consider Axion a success as your opening sentence indicates).
    15 Nov 2013, 03:03 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2556) | Send Message
     
    Bazooka,

     

    Then mgt could just do a large reverse split and start all over while the old guard here would get flushed. Reality sucks.

     

    In terms of cost, it appears 50-60% to a strategic investor would have cost about the same or less for stockholders, but mgt probably would have lost most of its control.
    15 Nov 2013, 09:04 AM Reply Like
  • dlmca
    , contributor
    Comments (335) | Send Message
     
    Our jockey has much to work with

     

    Strategically I continue to believe the smart move is to turn one of the opportunities into cash (license or some other legally restricted field) in the next 6 months

     

    Be surprised our new CFO was not exploring similar thoughts.

     

    That continues to be "the significant news" I have in mind.

     

    Look what the pipe deal got us
    15 Nov 2013, 07:01 AM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    Fascinating PIPE Tidbit from the 10-Q:

     

    "As of September 30, 2013, we have received one $500,000 funds release and an additional $75,000 due to accelerated note conversions by two investors. Subsequent to September 30, 2013, an additional $1,137,500 has been received through November 8, 2013."

     

    The restricted cash releases are supposed to be $500,000 a month as the PIPE debt is released. If the PIPErs request accelerated conversion on a portion of their debt, the amount of the release scales. Between the $75,000 of accelerated release in September and $137,500 of accelerated release in October and early November, it looks like $425,000 of the PIPE debt has been converted early which means the effective balance is $3,575,000 instead of $4 million.

     

    It goes a long way toward explaining why the share issuance numbers were a little higher than I expected them to be.
    15 Nov 2013, 07:43 AM Reply Like
  • ARGE
    , contributor
    Comments (730) | Send Message
     
    So does that mean the pipers would rather have $425,000 worth of AXPW stock then let it sit and get ...what...8% interest?
    15 Nov 2013, 07:02 PM Reply Like
  • LT
    , contributor
    Comments (4597) | Send Message
     
    arge, we take it to mean that they exercised early because they can sell the shares. They want them while there are people to sell to. PIPER's take no chances.
    15 Nov 2013, 07:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    John: What's the meaning of it? Sounds like it might explain why "out of shares" thoughts *apparently* might have been wrong.

     

    Beyond that, would they do this because of pps fears and/or "equity condition" fears - "better get 'em while we can still sell above $0.10"?

     

    HardToLove
    15 Nov 2013, 07:56 AM Reply Like
  • LT
    , contributor
    Comments (4597) | Send Message
     
    HTL, the deck is so stacked in the PIPErs favor that it is difficult to read much into it.

     

    What u posted above was my first thought, they are happy with the 20-25% gains and want out early. But they may want to accumulate early while it's .10 too.

     

    unless someone is propping the price, I don't see how .10 holds.

     

    Question: does the early redemption have anything to do with TG extending the need for new cash out to the 4th qtr ?
    (IMO, short of an infusion by a partner or license fee, he raises much earlier)
    15 Nov 2013, 08:23 AM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    HTL> I *think* it means that our "out of shares" thoughts were right and when the PIPErs saw an opportunity to improve their cash flow a bit with early conversions they took it. The only people who worry about a price condition failure are Axion and the Axionistas. While a price failure would give the PIPErs the *right* to demand a cash payment and shorten Axion's runway a bit, the only time they'd be likely to exercise that right would be in the event of low price and collapsing volume. I don't think price alone would be enough.

     

    LT> Given the behavior we've seen from the PIPErs so far and the enormous trading volumes over the last couple months, I don't think the PIPErs have socks or drawers to put them in. Their demonstrated investment mentality avoids green bananas. I see no chance that they're accumulating shares for a rainy day.

     

    I think the runway extension into the beginning of Q4-14 is simply a matter of improved cost control and improving gross margins. I've updated my Axion Ramp workbook which shows the gross margin progression since Q1-11 and it looks pretty good.

     

    http://bit.ly/HX7P5a

     

    The other important point is that Axion's done a good job of maintaining a solid working capital position. The Ramp workbook reflects a working capital balance of $5.6 million but by the time you eliminate the current liabilities that aren't payable in cash, the real working capital balance is closer to $9.5 million, which works out to better than a year of running room when you recognize that the cash used in operating activities for the first three quarters was on $4.8 million.
    15 Nov 2013, 09:05 AM Reply Like
  • D-inv
    , contributor
    Comments (3929) | Send Message
     
    JP, check cell L11 of the workbook. Shouldn't that number read $1,931,321 making L12 and L13 $254,378 and 12% respectively?
    16 Nov 2013, 12:57 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17298) | Send Message
     
    11/14/2013: EOD stuff partially copied from blog (up already).
    # Trds: 176, MinTrSz: 210, MaxTrSz: 74210, Vol: 1827868, AvTrSz: 10386
    Min. Pr: 0.1110, Max Pr: 0.1225, VW Avg. Tr. Pr: 0.1139
    # Buys, Shares: 83 578937, VW Avg Buy Pr: 0.1141
    # Sells, Shares: 91 1238931, VW Avg Sell Pr: 0.1137
    # Unkn, Shares: 2 10000, VW Avg Unk. Pr: 0.1151
    Buy:Sell 1:2.14 (31.7% "buys"), DlyShts 419031 (22.92%), Dly Sht % of 'sells' 33.82%

     

    On the traditional TA front we have a close below the support line again, again offering a chance to confirm a break down from our trading channel. In spite of the PR and decent volume we got a lower high and low. As I said yesterday, I don't think this bodes well going forward.

     

    ... In contrast, today's action was straight down, as seen in the trading breakdown by arbitrary time below.

     

    I'm reasonably certain we'll be visiting $0.10xx again in spite of the 421K CANT bid at $0.11 and the expected support that might be added when the usual buying, as price drops, comes in. Unless today's CC is a blockbuster, more downside is suggested by the volume over the last three days, especially with the “sells” accounting for so much, in both absolute and percentage terms: ~1.941MM, 71.7%; ~1.382MM, 64.5%; and ~1.238MM, 67.8%.

     

    Intra-day trade breakdowns, numbers, more thoughts in the blog here.

     

    http://seekingalpha.co...

     

    HardToLove
    15 Nov 2013, 08:12 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    "...and we continue to work with all of them..."

     

    from this morning's PR, regarding, "Of course we have sold PbC batteries to other hybrid passenger vehicle and hybrid truck vehicle manufacturers,"
    15 Nov 2013, 09:06 AM Reply Like
  • raleigh731
    , contributor
    Comments (282) | Send Message
     
    Fear and Greed. We're at that point, again. We have a sale for a NEW application of the PbC. There are indications that more possible buyers are interested in our battery than ever before. Island power companies are interested in the power cube. We still have NSC that said they will be moving this year. We still have the on-going relationship with BMW and now another OEM. We now have a relationship with a Telecom for another new application of the PbC.

     

    In a post by apm, he said this quarterly is one of the least "newsy" reports he has read. Could be the style of the new CFO. No flourishes, which many have actually said TG should do less of. It seems to me that the sales funnel is filling. During my career in radio, 10% of the prospects in the sales funnel would come to fruition at any given time, so the more prospects you have in the funnel equates to more sales. We ARE getting more requests for proposals (and more possible applications for the PbC). That is prospects in the funnel, and that should mean more sales, sooner or later. Again, I'm not selling.
    15 Nov 2013, 09:08 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    Story out on PR Newswire with a lot of additional commentary from TG. It adds a lot more color to the 10-Q and sounds a lot more optimistic, compared to the Q.

     

    http://yhoo.it/1aI4qgo

     

    Not a single mention of automotive, though.
    15 Nov 2013, 09:28 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    TG has changed his brand of hopium.
    15 Nov 2013, 09:39 AM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    Except this one "Of course we have sold PbC batteries to other hybrid passenger vehicle and hybrid truck vehicle manufacturers, and we continue to work with all of them, but we are not yet at commercial size quantities."

     

    Last time I checked "hybrid passenger vehicles" were a class of automobiles.
    15 Nov 2013, 09:40 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2556) | Send Message
     
    TB - So has ZBB, hopefully Axion's chase for stationary storage does not end up the same way ZBB's has.
    15 Nov 2013, 09:51 AM Reply Like
  • DRich
    , contributor
    Comments (4427) | Send Message
     
    >JP ... With the first hybrid passenger vehicle manufacturer taking 5 years (and counting) to come to an unknown but possible fruition, I can't too excited about that just yet. This has been part of the mantra for only a year now so we'd be expecting some acceptance in the 2017 timeframe. I like the prospects but I'm much more concerned about the next year.
    15 Nov 2013, 09:55 AM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    ZBB will live or die by progress in the stationary market. In Axion's case stationary is more like the whipped cream on a banana split where the ice cream balls are rail, trucking and automotive.
    15 Nov 2013, 09:56 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    JP: Yep. Typical kid's trick - eat the topping first.
    15 Nov 2013, 09:57 AM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    Reading the 10Q and the PR together, the cumulative impression/conclusion I'm drawing is that the battery itself is more and more beginning to do the real talking. Its prime inherent characteristics are increasingly starting to shine through to a wider and wider audience. Some of this through Axion's effort and initiatives and active choices and some of it just due to sheer gravity. It could become like carrying the golden football that no matter one's stumbles or wrong steps, is somehow still magnetically attracted to the end zone.. The company has tightened and focused its emphasis on those characteristics as well. With repetition. Notice how TG, with nearly every blurb and opportunity, virtually never fails to tout the battery's charge acceptance, cycle life, and self-equalizing string behavior. He's starting to beat that drum constantly. And off in the far corners, however faint the sound, all the various suitable applications, niche or not, are starting to hear it. The multilink relationship seems a perfect exemplar of this. All the PR, legwork, and salesmanship in the world can only go so far and pale in comparison to a product that truly fills a yawning need. In the end, it's the product itself that speaks the loudest. And with geometrically increasing exposure, I think the PbC is starting to do just that. By its very nature, by virtue of its fundamental properties of durable charge acceptance, long cycle life, and beneficent string behavior. That's what rings through. It's what brought BMW to their door. And then NSC. It's what brought ePower back. It's what's going to make the multilink connection work. The truth always outs. But sometimes it takes a while to get its boots on. Maybe PbC is finally all laced up... ;)
    15 Nov 2013, 11:01 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2556) | Send Message
     
    John,

     

    I agree and that is why I have always had a significant position in Axion. However, Axion has stated that the first market that it sees as a major market for it is likely going to be stationary storage/utilities. ZBB had many forecasts in that regard that were based on Pike, et. al. that were just wrong or they simply could not execute for whatever reason.

     

    So I currently look at Axion's claims of going after stationary storage through the same prism. Booking "significant" orders would change that. However, booking a $320K order does not.
    15 Nov 2013, 11:02 AM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    ePower

     

    tahoe & Geopark

     

    checkyer PM
    15 Nov 2013, 10:22 AM Reply Like
  • geopark
    , contributor
    Comments (256) | Send Message
     
    Please try again.
    15 Nov 2013, 12:27 PM Reply Like
  • tahoe1780
    , contributor
    Comments (93) | Send Message
     
    Got nothing.
    15 Nov 2013, 01:48 PM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Audio quality at the cc site is poor based on the elevator music playing. Anyone else having this issue? Hope the CC is better.
    15 Nov 2013, 10:58 AM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    Very staticky low res stream for music. Hopefully it will not be so bad for spoken audio.

     

    Kept getting "not available at this time" until I logged in again right at 11.
    15 Nov 2013, 11:02 AM Reply Like
  • DaveT
    , contributor
    Comments (171) | Send Message
     
    same here, tape player needs new batteries.
    [And we're not starting on time then, T+5 and counting ... T+12, finally]
    15 Nov 2013, 11:04 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    The music is weak for me, too. But I expect voices to be better.

     

    I just hope that Shazam still works...digging this muzak. ;^P

     

    EDIT: now no sound at all--do I need to reboot? A: yes, just rebooted and now I get the muzak again. 11:09:20am
    15 Nov 2013, 11:04 AM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    Thanks guys. I figured there was some analog audio signal in the transmission stream. Let us hope the first A/D conversion is better when we change to the cc. primary content.
    15 Nov 2013, 11:09 AM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    And the clock starts!
    15 Nov 2013, 11:00 AM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    5 minutes late and counting.

     

    6 minutes....she speaks!...no wait...back to music.

     

    A cough...here we go...11 minutes late as usual.
    15 Nov 2013, 11:05 AM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    Now they are murdering Vivaldi's Four Seasons....

     

    But at least it is the Spring Allegro, even if slow as molasses.
    15 Nov 2013, 11:09 AM Reply Like
  • iindelco
    , contributor
    Comments (8845) | Send Message
     
    LabTech, Embarrassing as usual.
    15 Nov 2013, 11:10 AM Reply Like
  • Ranma
    , contributor
    Comments (1416) | Send Message
     
    Someone should ask why they start late every time.
    15 Nov 2013, 11:11 AM Reply Like
  • Valleywood
    , contributor
    Comments (660) | Send Message
     
    SMaturin,

     

    That's okay since my sap now rises slowly also. sigh.
    15 Nov 2013, 11:32 AM Reply Like
  • RBrun357
    , contributor
    Comments (797) | Send Message
     
    It appears that TG plans to use up all of the time telling us stuff about ePower that we already know so the question and answer period will be real short! Such a clever man!
    15 Nov 2013, 11:28 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    RBrun, Thanks for asking some hard questions.
    15 Nov 2013, 11:43 AM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    Way to go geopark!

     

    "Do not limit Q & A time."
    15 Nov 2013, 11:43 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    Wow tough customer on the call right now.
    15 Nov 2013, 11:43 AM Reply Like
  • Ranma
    , contributor
    Comments (1416) | Send Message
     
    Tough crowd :)
    15 Nov 2013, 11:43 AM Reply Like
  • thotdoc
    , contributor
    Comments (1417) | Send Message
     
    Finally, some hard questions.
    15 Nov 2013, 11:43 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    Did he say it "won't be 6 months out"?
    15 Nov 2013, 11:45 AM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    TG: "confident going forward that will have those orders and it won't be six months out."
    15 Nov 2013, 11:55 AM Reply Like
  • brianfscott
    , contributor
    Comments (51) | Send Message
     
    TG:"confident going forward that will have those orders and it won't be six months out." Please help me get my mind around this. Seems like orders in 3 months or 9 months, meet the criterion. Is this clever doublespeak or do I just not get it?
    15 Nov 2013, 04:28 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    brianfscott,
    Hi response seemed to suggest that he believes that the orders are coming and they will happen before 6 months from now. But since he has no control over when customers finally decide to make a purchase, only time will tell if this is correct.
    15 Nov 2013, 04:57 PM Reply Like
  • raleigh731
    , contributor
    Comments (282) | Send Message
     
    Art and brianf

     

    TG: "confident going forward that will have those orders and it won't be six months out."

     

    This statement confirms in my mind my premise that Axion has mulitple prospects in the sales funnel, and they are taking longer to get out the bottom than TG expected. I think there are some sales prospects he felt (at the end of the annual meeting), would be out of the funnel by now. I think the funnel is getting more and more filled with customers in all stages of the sales process. The more prospects in the funnel, the more sales come out the other end. Luckily for us, those sales go out in the world and become marketing tools for axion. The more they are used, the more they will get investigated by prospects, and the more sales that will be made. Also, his comments about the shutdown affecting sales, indicates to me that it caused a delay for several of the prospects, and thus TG was not able to announce more orders this time around, and why he was so emphatic about "it won't be 6 months." I think with that statement, he emphasized the likelihood of more sales, and at the same time, gave himself some breathing room by extending the timeline to 6 months. If something happens in three? Good deal! I think that sales could become more and more frequent, and closer together, as we go forward. 'Course, I'm a bull-headed optimist! Holdin' on and feelin' good!!
    15 Nov 2013, 10:42 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    @raleigh731: Nice write-up... I sure hope you are correct.
    16 Nov 2013, 11:12 PM Reply Like
  • raleigh731
    , contributor
    Comments (282) | Send Message
     
    Thanks Occam, I hope I'm right, too. One thing I know, relationships in sales take time to develop. In radio, obviously not nearly as technical, 90 days from first contact to sale was normal. This is after many, many contacts with the customer. Not only does the customer have to trust the numbers (demographic stats for radio, technical properties for Axion), they have to trust the salesperson. I can imagine that both are in various stages of development for Axion!
    17 Nov 2013, 09:30 AM Reply Like
  • D Lane
    , contributor
    Comments (1205) | Send Message
     
    As far as trusting the salesperson, well said.

     

    But Vani Dantam gets the big bucks because he is already a known entity in batteries and industry.
    18 Nov 2013, 09:02 AM Reply Like
  • raleigh731
    , contributor
    Comments (282) | Send Message
     
    D, You're right. He might have already moved sales faster than they would have been without him. The people in the industry that know him will transfer their trust in him to AXION! I think there are a lot of things to feel good about. Now, about that train....
    18 Nov 2013, 09:24 AM Reply Like
  • axion-nl
    , contributor
    Comments (138) | Send Message
     
    in six months great orders to be announced!!!!
    15 Nov 2013, 11:45 AM Reply Like
  • RBrun357
    , contributor
    Comments (797) | Send Message
     
    I just attempted to get TG to answer a couple somewhat tuff questions regarding Significant Orders timing and it sounds like the slippage is going to be longer than I was looking for!

     

    Richard
    15 Nov 2013, 11:48 AM Reply Like
  • greentongue
    , contributor
    Comments (750) | Send Message
     
    Always. We want them NOW! ;-)
    15 Nov 2013, 11:51 AM Reply Like
  • DaveT
    , contributor
    Comments (171) | Send Message
     
    The "significant" value question was asked (by a Brian W?), the answer was that we don't do guidance but I mean something that is "significant, not just a creep up". So now you know!
    15 Nov 2013, 12:18 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (871) | Send Message
     
    Can someone ask what plans are in place for if the price goes under 0.10?
    15 Nov 2013, 11:52 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (843) | Send Message
     
    I was in the queue but never got a chance to ask about it.
    15 Nov 2013, 12:10 PM Reply Like
  • geopark
    , contributor
    Comments (256) | Send Message
     
    Now that is a bummer. I thought it was a good call overall but why they insist on cutting it off is beyond me
    . . "in the interest of time"
    . . as a public company it seems to me that our dime should buy all the time we ask for.
    15 Nov 2013, 12:17 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2556) | Send Message
     
    I was in the queue as well and wanted to ask about a stationary storage white paper and how they have determined what an attractive ROI is at this point. Would have tried to get the question about contingency plans for sub .10 as well. I would also like to know if Viridity is involved in managing the frequency reg part of the recent order.

     

    Geo - maybe they saved a couple hundred bucks? <end snark>

     

    It appears TG is trying to be more forthcoming. Tks for the tough questions.
    15 Nov 2013, 12:27 PM Reply Like
  • SMaturin
    , contributor
    Comments (2100) | Send Message
     
    Charles Mackall of Avenir Corp asked about Rosewater.

     

    http://bit.ly/HXm4XJ

     

    TG: "not high on our list of priorities right now." Then changed subject back to ePower.
    15 Nov 2013, 12:01 PM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    TG "smaller opportunity than we thought."
    15 Nov 2013, 12:03 PM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    I have no problem with that, we have limited funds. Can't take the shotgun approach and try to hit everything. Take the sniper approach and attack the pockets of biggest opportunity.
    15 Nov 2013, 12:05 PM Reply Like
  • thotdoc
    , contributor
    Comments (1417) | Send Message
     
    I love TG's characterization of trucking entrepreneurs and the opportunity: If it works and it will put more money in my pocket, now...sell it to me, now!
    15 Nov 2013, 12:03 PM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    I lost the call.
    15 Nov 2013, 12:04 PM Reply Like
  • John Petersen
    , contributor
    Comments (29557) | Send Message
     
    We got a late start but it was accompanied by a late finish.
    15 Nov 2013, 12:09 PM Reply Like
  • froggey77
    , contributor
    Comments (2791) | Send Message
     
    Glad to hear it.
    I apparently had technical problems exactly at 12 (Heard the church bells ringing) and had someone waiting.
    I was afraid it was a cut off of the call but as others were still on the call the problem was mine.
    15 Nov 2013, 03:09 PM Reply Like
  • RBrun357
    , contributor
    Comments (797) | Send Message
     
    "Excitement continues to grow here at Axion"!
    1