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  • Mike Pepin
    , contributor
    Comments (6) | Send Message
     
    Uno!!
    2 Feb 2014, 03:08 PM Reply Like
  • jpau
    , contributor
    Comments (968) | Send Message
     
    Dos

     

    And picking Denver tonight
    2 Feb 2014, 03:21 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2303) | Send Message
     
    @jpau: opps....
    3 Feb 2014, 01:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    O.R.: That's what the center said 12 seconds into the game!

     

    HardToLove
    3 Feb 2014, 06:09 AM Reply Like
  • jpau
    , contributor
    Comments (968) | Send Message
     
    Peyton is going to have a long off-season...
    5 Feb 2014, 07:19 AM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    tres...
    2 Feb 2014, 03:39 PM Reply Like
  • greentongue
    , contributor
    Comments (974) | Send Message
     
    About time for a train news release don't you think?
    2 Feb 2014, 03:55 PM Reply Like
  • geopark
    , contributor
    Comments (332) | Send Message
     
    The header changes are great, makes 'stuff' very accessible, thank you APH
    2 Feb 2014, 03:57 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I published a sequel article to "Axion Power; Out of the PIPE and Into the Light a couple hours ago.

     

    http://bit.ly/1bS86y1

     

    In response to a comment from our old friend Bazoooka asking how many shares the PIPErs held on January 28th I responded:

     

    "The "Shares Held" column in my first table is the number of shares in the PIPE Investor's accounts as of January 28th. [11,058,701] Since total issuances to the PIPE investors over the last 7 months are around 83 million shares, I see their combined holdings of 11 million shares as clear confirmation that the PIPE investors been pounding the shares out as quickly as the market will absorb them.

     

    My fun fact for the day is that total reported trading volume between 7-Jun-13 and 28-Jan-14 was 161.3 million shares, which implies 80.5 million shares of sell-side trades and 80.5 million shares of buy-side trades. During that period, the PIPE investors sold 71 million shares, which tells me Axion's real stockholder base has been rock solid throughout the ordeal."

     

    I believe everybody should think about those numbers for a minute.

     

    Out of 80.5 million sell-side trades, the retail base only accounts for 11.8% of the activity. All of the other price pressure has been the PIPErs jockeying for position with each other at the front of the pay window.
    2 Feb 2014, 04:25 PM Reply Like
  • RBrun357
    , contributor
    Comments (821) | Send Message
     
    JP,

     

    Per your suggestion I have taken the few moments to think about what your statement might possibly mean for us going forward. I am very anxious to see how the cause and effect of the PIPE shares drying up will have on the sell side pressure. I can not think of anything other than incredible relief. Now all we will need is some additional incentives to invigorate the buy side and the fun will begin.

     

    Thanks for your detailed research, always greatly appreciated!
    2 Feb 2014, 04:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Unless I'm sadly mistaken we have more lurkers watching from the sidelines than we've had buyers over the last few months. We also have former Axionistas who sold in May or June with plans to re-enter once the bleeding stopped.

     

    If we have in fact seen the bottom and the price begins to rise, buying pressure from lurkers and from Axionistas who hit the sidelines for a while can have a positive impact. If you throw in some good news like positive results from ePower's fuel economy testing or movement from another development partner, things could get very interesting very quickly.
    2 Feb 2014, 05:35 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Don't worry JP, you will need them when PIPE #3 comes in 2014
    2 Feb 2014, 09:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I guess that all depends on what happens between now and then. One dynamic will prevail if Axion is desperate for survival financing and another will prevail if it needs expansion funding.

     

    While the rest of you have never seen the PbC through the customer's eyes, I see it every day and can tell you first hand that the PbC is an amazing product. Believe whatever you want, but don't believe your fear based worries will change my fact based opinion.
    2 Feb 2014, 09:47 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    John - to need expansion funding, Axion needs someone buying batteries ... ePower preliminary mpg numbers will not provide that ... BMW coming out of hiding might provide that. Otherwise, it will likely be a rough PIPE #3.
    2 Feb 2014, 11:37 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    ePower's mpg numbers won't do much. My plan is to build ten demonstrators and put each of them into the hands of two fleet owners per month. Even if our demonstrator fleet build goes at an agonizingly slow pace of 1 tractor per month, it will still be 148 demonstrations this year.

     

    My hope is that some of those fleets will decide "we need to buy a handful of these tractors for further testing to see if they really work in our business." If that hope is realized we're going to start building a reservation book using the Tesla model. A $5,000 check gets you a place in line and more money will be due when we start building your tractors.

     

    In its first three years, Eaton sold 6,000 of its hybrid tractors to fleets that simply wanted to test the vehicle and see if it worked in their business. The reviews so far are mixed because the lithium ion batteries tend to overheat after a couple hours of heavy use.

     

    If ePower can build a significant order book over the course of the next year won't you see that an Axion order book as well? With $20,000 of battery content per tractor I think ePower alone could provide a very credible path for Axion if we begin to get some traction in the industry.
    3 Feb 2014, 08:25 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    It's a good plan....but how ironic that the great Tesla basher is using the Tesla model ! ROFL

     

    If that hope is realized we're going to start building a reservation book using the Tesla model.
    3 Feb 2014, 08:28 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    John - Yes, if over the course of the next year, ePower builds a significant order book, I also see the benefit accruing to Axion. However, I see such an order book as back-end loaded and that it probably will not realistically have much of an effect on the next capital raise.
    3 Feb 2014, 09:38 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I disagree with your assessment of when ePower will start to gain traction and what the magnitude of that traction will be. Unfortunately a more detailed discussion of why I disagree would require more disclosure than I'm willing to make at this juncture.
    3 Feb 2014, 09:56 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Stefan, Show me an independently verified ePower set of data that is statistically relevant with a good payback and there be my path. Darn snow makin' it slow.
    3 Feb 2014, 10:00 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >LT ... It is a great plan. It is almost (if not) identical to the way the locomotive OEM's roll out a new model with demonstrators. Field trials & sales wrapped into one platform. Quite fitting for an asphalt locomotive.
    3 Feb 2014, 10:22 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    John - I would much prefer that your assessment is correct. However, the one constant in every Axion initiative is that it always takes longer than we expect.
    3 Feb 2014, 10:27 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Warning: pure speculation and wild conjecture below.

     

    Does it make sense that perhaps NS was meant to be our strategic investor who tried to squeeze more than its fair share from the arrangement?

     

    While we have received some explanation as to why they have been so far behind our expected schedule with using the NS999 and signing follow-on orders, these explanations have never felt fully satisfying.

     

    Perhaps their delays are just the follow though of the threat they made in the 11th hour of negotiations if we didn't sign over the keys to the whole shop, selling us equity-holders down the river?

     

    Not that it necessarily matters. Their battery-powered locomotive, like ePower's solution, simply doesn't work without the PbC. And TG is giving neither the PbC nor Axion power to anyone for nothing.

     

    D
    3 Feb 2014, 12:32 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    D. Mchattie, My vote would be low probability. I don't see NSC playing such games. They have bigger fish to fry and they are more in tune with long term partnerships that work. You don't develop these by burning minnows at the altar.
    3 Feb 2014, 12:40 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I'm with iindelco on this one. Power plays are to be expected from other battery manufacturers and perhaps automakers who want exclusive rights to a particular market or market niche, but they don't make much sense from an outfit like NS that just wants a good product at a fair price.
    3 Feb 2014, 01:04 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Corvus has a working model already in production, so NS does not have to have PbC.

     

    I do not think they would buy AXPW even IF the 999 depended on it....they usually just don't work that way. To front $10 M out of a grant, might be possible.
    3 Feb 2014, 01:10 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >LT ... The AMPS genset that uses the Corvus battery is a diesel centric configuration. It can't move freight on battery alone for more than a few minutes. It is not without its own (yet some similar) set of problems concerning the battery pack. I would not be too quick to say it is a production model, but it is in active field trials even while the battery is in further testing.
    3 Feb 2014, 02:14 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Drich, you can buy one, they give the prices for it. and it is moving cars around.

     

    No pun intended, as I agree with your statement that it probably is not perfect and has "it's own set of problems".

     

    However, it's still first to mkt. and can be reproduced now.
    3 Feb 2014, 02:23 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    I think (not with any conviction) that it might have been JCI. I imagine thusly: They're heavyweight, savvy, and know LA batteries (and the markets for them) probably better than anyone. They probably dangled good money with which to buy themselves a certain piece of the action, but what they would want at heart is to subsume Axion into the greater Borg. So likely at the last minute their true colors showed through. And homey don't play that.
    3 Feb 2014, 08:31 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    48 - Interesting theory and Exide already made its play.
    3 Feb 2014, 09:58 PM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (138) | Send Message
     
    John

     

    What is the main difference between the E-power system and the Eaton one besides the batteries?

     

    I wonder how hard it would be to substitute the Axion battery for the lithium ion batteries in the Eaton system!
    4 Feb 2014, 09:53 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    There's a world of difference between the Eaton hybrid and the ePower hybrid, Eaton is offering a parallel hybrid that uses a small electric drive motor (26 kW continuous, 44 kW peak) and lithium-ion batteries to provide boost to a mechanical drivetrain while ePower is developing a series hybrid that uses a much larger electric drive motor (120 kW continuous, 240 kW peak) to replace the mechanical drivetrain completely.

     

    Since the Eaton system runs at 340-volts but only has 1.8 kWh of total energy storage capacity, I think it might be a challenge designing a PbC replacement.
    4 Feb 2014, 10:22 AM Reply Like
  • 42itus1
    , contributor
    Comments (232) | Send Message
     
    >APH,

     

    Much appreciate your efforts, communication suggestions and the New Format for the APC Header! Thank You !!!!
    2 Feb 2014, 04:31 PM Reply Like
  • froggey77
    , contributor
    Comments (3266) | Send Message
     
    Suggestions of a P&D ???
    Personally I'm still waiting for a PR from Axion on BySolar. I can't believe that they didn't put one out.
    We found out because someone found an unadvertised (by Axion) interview on a local program.
    You'd think they would have a PR out that would lead you to TG on that program. I expected to find this link on Yahoo, (and every other stock-news service) but nothing.
    We've gone from No news and carping about that; to suggestions of a P&D based on:
    A paper.
    An obscure interview we had to find.
    An article about the PIPE by JP (His third at the time.)
    A SEC filing about the PIPE that we on the APH concentrator are still trying to understand despite multiple inputs and arguments, and JP has 2 more articles trying to straighten it out. Personally I don't consider it a positive that it is clearly so hard to figure out, but this is part of the "Pump"?
    From news starved to P&D in a month WOW.
    Minor suggestions of a P&D when they ignore the obvious News/pumps don't seem credible to me.
    I'm still waiting for them to do good PR.
    2 Feb 2014, 05:20 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Axion announced the battery sale for the Bysolar system last year. The announcement didn't identify the buyer or the ultimate customer, but the news is out there. Anything more from Axion on that deal would rightly be dismissed as vacuous hype, rather than substantive news.
    2 Feb 2014, 05:37 PM Reply Like
  • froggey77
    , contributor
    Comments (3266) | Send Message
     
    JP
    Both Princeton Power and By-Solar put out PR's which named Axion. I expect Axion to put one out naming both of them.
    They considered it important enough to put out a PR.
    Stating who we are partnered with is relevant info and Axion should say so.
    3 Feb 2014, 07:44 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Axion chose to release the fact of the sale before its partners were willing to be identified. The only additional information it could provide at this point is the identity of the other parties. It may be important to you but it's not material as a matter of law. If I had a client in the same position I would advise against a second release. Other lawyers might well reach a different conclusion.
    3 Feb 2014, 07:53 PM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    D-inv
    Thank you for your response.
    More on the "particular date of determination" issue:
    In the case of a company conversion by Axion, twenty three (23) days prior to the first trading day of the next upcoming month, Axion shall deliver written notice to the PIPE holders certifying that 15 consecutive trading days before the 23rd day prior to the first
    trading day of the next upcoming month there had not been fifteen (15) consecutive trading days in which the dollar volume of Axion trades was below $60,000, nor was there, within those same fifteen consecutive trading days, more than three (3) trading days in which the dollar volume of Axion trades was below $40,000. Axion would also have to certify that during those same fifteen (15) consecutive trading days, there had not been any single day in which the VWAP of the Axion shares fell below $0.10, or $0.09, as the case may be.
    (I would refer one to section 8(A)(ii), section 29(q), 29(jj) and 29(vv).)
    So, we can conclude from these sections that on the 23rd day prior to the upcoming installment date, Axion has to deliver written notice to the PIPE holders informing them that Axion will do either a company conversion or a company redemption. This means that on the 24th day before the next installment date, assuming that all that we are concerned with at the moment is a price or volume failure, Axion has to answer the following question: In the last 15 consecutive trading days, ending on that 24th day, has there been a price failure or a volume failure? If the answer to this question is yes, then Axion must state this in the written notice to the PIPE holders and inform them that Axion will pay by way of a company redemption. If the answer to this question is no, then Axion must certify in the written notice to the PIPE holders that, in the last 15 consecutive trading days ending on this, the 24th day, there has been neither a price nor volume failure.
    Since the 23rd day prior to the upcoming installment date is Axion's deadline for certifying that there has not been a volume or price failure, that date has to be the "particular date of determination" to which sections 29(jj) and 29(vv) refer.
    Practically speaking, the 24th day prior to the next installment date is Axion's full meal deal decision day on this price or volume failure certification issue. No-one would really want to leave this issue until the last second on the morning of the 23rd day.
    Now, the question remains of what to do with the time frames mentioned in section 29(q) “Equity Conditions Failure?”
    Section 29(q) contemplates a time frame of at least 43 days, beginning 20 days prior to the 23rd day prior to the next installment date, and ending on the next installment date, or a number of days thereafter. However, pursuant to section 8(a), in a company conversion or company redemption situation for the next installment date, all that Axion is required to do under the contract is to look back over the 15 days prior to that 23rd day before the upcoming installment date. That is all that Axion can be expected to do, as only 20 days have gone by preceding that 23rd day prior to the upcoming installment date.
    So, even though section 29(q) contemplates a span of time covering 20 days before that 23rd day, section 29(jj) and section
    29(vv), the price and volume failure definitions, specifically state that the applicable time-span is the 15 consecutive trading days prior to that 23rd day. In short, the time periods mentioned in section 29(jj) and section(vv) would over-ride the 20 day time period stated in section 29(q).
    So, one would look at the stock price and dollar volume behaviour over the 15 consecutive trading days prior to the 23rd day prior to the next installment date in order to make a determination as to whether or not a price or volume failure had occurred, and thus whether an ensuing Equity Condition had not been met. A price or volume failure would cover one block of 15 consecutive trading days ending on the 24th day before the first trading day of the next month. The failure of volume or price during those 15 days would constitute an Equity condition.
    In putting these dates and time periods in graphical form on a calendar, it is easy to see that generally 75 percent of the trading days of every month are open to experiencing the conditions underlying a price or volume failure.
    2 Feb 2014, 09:59 PM Reply Like
  • D-inv
    , contributor
    Comments (4843) | Send Message
     
    User 393748, thanks for taking the time to wade through the PIPE document and elaborate on reasoning behind your interpretation.
    3 Feb 2014, 01:35 PM Reply Like
  • jcrjg
    , contributor
    Comments (174) | Send Message
     
    user393,

     

    Thanks for all of your analysis on the determination date. It is very helpful.
    4 Feb 2014, 08:12 AM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    Thanks gang, I am glad that it was of some use. I shall now relax with some much lighter reading material, namely, the latest Tax Code.
    5 Feb 2014, 01:25 AM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    After spending more time with this PIPE deal, one can perhaps gain some insight into the thoughts at Axion in signing on to this PIPE deal.

     

    Take the case in which Axion did have one or more lenders willing to lend money. Regardless of any offered terms of any such hypothetical loan, the decision to accept this PIPE deal instead of any such loan would show the lengths to which Axion would go in order to not borrow money.

     

    Now, take the case in which Axion had no lender willing to lend money. First, I think that it is more likely than not that Axion knew that accepting this PIPE deal, or any other one, would lead to significant share price activity problems starting in the immediate future. Second, if TG et al at Axion are risk averse in terms of spending money and running out of money, that is to say that they are not serious risk takers, then by accepting this PIPE deal, it would seem that it is highy probable that they signed on to it based on a reasonable belief that sales and positive cash flow were near
    enough at hand.

     

    Take the case in which Axion had a lender or a PIPE deal available to the company, but no resonable belief in sales or positive cash flow happening any time soon. Would they have entered into a loan or accepted this PIPE deal all the while knowing that no sales or revenues were on the horizon? It would appear that the answer to that hypothetical question would be no.

     

    So, assuming (but without deciding) that TG et al at Axion are not unreasonable risk takers, it is logically permissable to conclude that TG et al at Axion accepted this PIPE deal with a substantial, well founded belief that sales and revenues were so close at hand so as to make accepting this PIPE deal a worthwile course of action.
    2 Feb 2014, 10:52 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    User39, we have beat this to death. IMO, AXPW knew the following two things:
    They absolutely did not want debt or loan...JP is correct in this
    They knew there were not enough sales to move the needle & that stock price damage was coming. I doubt they liked the options, but had no choice. It was take it or seek "strategic options".

     

    Just hope TG learned his lesson and doesn't turn down other options or wait until the 11th hour to secure financing again.
    3 Feb 2014, 05:13 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    39,

     

    When the PIPE deal was first revealed, after what was for shareholders here something of an extended time of strain and uncertainty, I too could only make sense of it (the deal) in the very context you describe, namely that it must mean that sales/revenues had to be close at hand. Classic glass-half full (of rosewater) thinking...

     

    Further, I seized on the confusing provisions for cash payback options in lieu of shares that were present (in an otherwise very crappy deal) and concluded, with fond hope, that yes, there certainly was a pony in there. That, surely, something much bigger and better was in the offing, albeit delayed, that would somehow make Axion flush enough with cash not to have to issue, after all, all of the many millions of shares that appeared to be in play. Such was my faith. I just couldn't have believed that TG would have stretched things out so long (with virtually zero actual news, but prior inklings of a strategic investor still very much in the air), knowing how tension was growing, without having some really big deal in the works and/or some major contract about to be unfolded. I just didn't want to believe it could be otherwise. The drama and delay only made sense to me that way. But again, when the actual deal was finally revealed, and such a turdburger it was, I still refused to believe it was as bad as it was... tried desperately to find a silver lining. But it was not to be. The deal was crap, the terms were crap, our *investors* were nothing but fast swimming sharks, and no amount of hope, or faith, or optimism, or herculean jawboning was going to change that fact. It simply was what it was. It was survival financing on lousy terms entered into by a company in a then weak position with apparently no better option. It doth sucked. But it allowed Axion to persist another year with its independence, however flayed, still intact. And now it's all but over. There is light, finally. For a season. But for what end?

     

    "For a little space you may triumph on the field, for a day. But against a Power that now arises there is no victory..."

     

    We know too well that power now. It's the vise of finances. Of things which must be paid. And will be paid. No matter the cost. Because survival is the prime directive. Survival is *the* thing necessary to carry the Torch of Axion at last into those broad sunlit uplands. If it is indeed destined to arrive there. TG knew and knows that. I'm sure he gritted his teeth and cursed cruel fate, but with his back to the wall, a man's gotta do what a man's gotta do, and he did it.

     

    And THAT only makes sense if, at its essence, what you say is true, that there is a purpose and hope, that very much lives, that real sales and revenues are indeed coming, that there arises our own power, one greater than the inexorable monthly bills. Maybe not soon, no, but coming still the same, arising like the dawn, on its own altogether immutable schedule, which cannot be hurried, but coming still. Coming still and without doubt.
    3 Feb 2014, 05:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    User 393748: " highy probable that they signed on to it based on a reasonable belief that sales and positive cash flow were near"

     

    Another alternative is that regardless, the pain was inflicted on shareholders, not the company. In Axion's case I believe that "risk assignment" was the choice taken in a typical risk analysis process.

     

    If this possibility is considered, other conclusions can be drawn.

     

    This seems somewhat supported by the fact that they gave themselves bonuses at about the same time, although other reasons can be surmised.

     

    MHO,
    HardToLove
    3 Feb 2014, 06:30 AM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2791) | Send Message
     
    Their bonuses though were roughly the amount the executives put into the PIPE deal in the subordinate loan. Maybe just a way for them to throw in their vote of confidence on paper as well as a stock grant for the future.
    3 Feb 2014, 12:36 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The deal giveth and the deal taketh away. Blessed be the name of the deal.
    3 Feb 2014, 01:05 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2851) | Send Message
     
    Geez 48 - you are a real penmen.

     

    It "looked" like a terrible block of letters to skip on by......but, I must say it flowed gently, all together, and pleasant; and truthful (best we know).

     

    My complements.
    3 Feb 2014, 01:27 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    njb, thanks sincerely. Am sorry to all for the ugly block of letters--the editing window just wouldn't play nice no matter what I cajoled...and it rendered to nothingness every paragraph break I tried to insert.
    John, priceless. A mere two sentences of yours said it all better. ;)
    3 Feb 2014, 07:14 PM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    -> 48

     

    I do agree with your expressed sentiments.

     

    Nothing in this world happens for no reason. There is a reason for everything, even the existence of this PIPE deal. Such was my attempt at a dumbed down thought experiment to capture a few of the likely scenarios that would allow for a best fit analysis as to the most sensible reasons for the Deal's acceptance.

     

    There has to be at least one way in which said acceptance makes sense.
    4 Feb 2014, 01:37 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    39,
    Totally concur; there was definitely a reason. JP (begging pardon from him if I misstate) theorizes that there indeed was a strategic investor in play, but that at the last minute said investor sought to overreach, thereby causing Axion to balk. I believe TG even said something along these lines, that he wasn't prepared to hand over 60% of the company in such kind of deal..
    All we know is what happened. TG went with his plan B, and it proved less than ideal. He anticipated more gentlemanly behavior by the PIPErs, but along with us, was soon dispossessed of that notion...
    I think John said it best: "the deal giveth and the deal taketh away. blessed be the name of the deal"
    It was a raw deal, but it bought us a year. An expensive year. But maybe it proves to be the invaluable one---the critical year in which the epic turning finally comes..
    4 Feb 2014, 01:59 AM Reply Like
  • greentongue
    , contributor
    Comments (974) | Send Message
     
    "The Epic Turning" ... I like the sound of that.
    4 Feb 2014, 07:18 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1290) | Send Message
     
    like the new format APH.
    3 Feb 2014, 01:28 AM Reply Like
  • Axion Power Host
    , contributor
    Comments (523) | Send Message
     
    Author’s reply » Added links to JP's Out of PIPE Part II and Excerpts from ePower's Jan 26th update. Flagged as (NEW!).
    3 Feb 2014, 05:27 AM Reply Like
  • dance621
    , contributor
    Comments (205) | Send Message
     
    When did the fourth quarter suddenly become the first quarter again? This is from the prospectus axion posted last week. I thought we were good til to the start of the fourth quarter.

     

    "We believe that the available funds at March 31, 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 plus internally generated funds from products sales will provide sufficient financial resources to fund our operations, working capital, and capital expenditures through the first quarter of 2014.
    3 Feb 2014, 05:50 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    Dance621: JP addressed this in another of his blogs - it really is still Q4.

     

    HardToLove
    3 Feb 2014, 06:35 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    That language about Q1-14 is buried in the "Description of Private Placement and Convertible Notes" section of the registration statement, which is a very weird place to see it turn up. In "Management's Discussion and Analysis," which is where the disclosure must be provided, the registration statement incorporates the September 30th 10-Q by reference.

     

    This was a mistake by the lawyer who prepared the filing and an oversight by the Axion people who reviewed the filing. Because of its location in the prospectus, everybody assumes that "nothing has changed in the description of the private placement we did last May so there's nothing I need to waste time on." This kind of thing is embarrassing but it happens all the time.
    3 Feb 2014, 08:33 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    JP, it's typical TG hiding things...he knew axionista's would pick it apart.

     

    Now start the conversation on how soon he raises capital (before the 4th qtr. they previously stated) and if he needs money this soon, I know why he came out with press release after press release to get rid of the PIPER shares.
    3 Feb 2014, 08:36 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I've made my living writing registration statements for the last three decades and can't begin to figure out how that disclosure ended up in the "Description of Private Placement and Convertible Notes" section of the registration statement. It simply doesn't belong there. It belongs in MD&A.

     

    Before concluding that it was simply legacy language left over from an earlier filing I went back to the earlier filings and checked. The original S-1 from May 2013 has the same odd disclosure in the same odd place. Even the page numbers are unchanged.

     

    http://1.usa.gov/14y5sef
    3 Feb 2014, 08:43 AM Reply Like
  • dance621
    , contributor
    Comments (205) | Send Message
     
    Man, I had my finger on the sell button for a while.

     

    "This was a mistake by the lawyer who prepared the filing and an oversight by the Axion people who reviewed the filing. This kind of thing is embarrassing but it happens all the tim."

     

    How can you be sure it is a mistake?
    3 Feb 2014, 08:37 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Before concluding that it was simply legacy language left over from an earlier filing I went back to the earlier filings and checked. The original S-1 from May 2013 has the same odd disclosure in the same odd place. Even the page numbers are unchanged.

     

    http://1.usa.gov/14y5sef

     

    It's worth noting that this registration statement includes red herring language on the front page of the prospectus. When the SEC gives the filing a green light the filing will be amended to remove the red herring language. If the Q1-14 language makes it into the definitive prospectus we will have something to be concerned about, but I'm confident that it won't survive the next amendment.
    3 Feb 2014, 08:48 AM Reply Like
  • dance621
    , contributor
    Comments (205) | Send Message
     
    OK thanks JP. Sort of error that can get investors skittish.
    3 Feb 2014, 08:53 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Filings like registration statements are just terrible for lawyers because we know what they're supposed to say whether they actually say it or not and there's only so many times you can review and proof read a document before your eyes glaze over.

     

    I make mistakes like that one frequently and the first thing I tell clients is the last error in the document won't be found until after its filed. Huge law firms that charge a million bucks for a registration statement can put lots of different sets of eyes on a document and minimize the risk of niggling errors. It's much harder for smaller law firms that charge more reasonable fees.
    3 Feb 2014, 09:02 AM Reply Like
  • raleigh731
    , contributor
    Comments (306) | Send Message
     
    In proof-reading, your eye sees what your mind thinks is there! i. e., you know it is supposed to say 4Q, it says 1Q, but you see it as 4Q! And, in promo pieces, you find the mistake when they arrive from the printer!!
    3 Feb 2014, 04:04 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It's even worse than that. Disclosure of capital adequacy simply does not belong at the tail end of the "Description Of Private Placement And Convertible Notes" section of a prospectus. Regulation S-K requires that disclosure in Management's Discussion and Analysis of Financial Condition and Results of Operations."

     

    The description of May offering isn't something I'd even look at if I was filing a new registration statement for common stock issuable upon conversion of the notes because the description of a completed offering NEVER changes once the offering is done.
    3 Feb 2014, 04:32 PM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    Some interesting price movement this morning already.

     

    $0.1048 bid
    $0.1049 ask
    3 Feb 2014, 08:45 AM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    Pre-market purchase for .1099 of 5000 shares at 9:21 AM

     

    Bid .106
    Ask .1199
    3 Feb 2014, 09:25 AM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    644 k shares sold by 10 AM and bid is still above Friday's close.
    3 Feb 2014, 10:02 AM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    Volume at over 1600 K by 10:30 AM.
    It is very easy to see the double count of shares as many matching volume trades are being made within seconds of each other.
    3 Feb 2014, 10:33 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    Jveal: That pre-market trade was a "Form T" on AFVFN "Trades" screen. This is supposed to indicate it is a trade tht could've occurred up to three days past or a trade that may take up to three days more to clear.
    Don't normally see them on Axion pre-market trades, so this one doesn't mean anything ... I *think*.
    We'll never know though.
    HardToLove
    3 Feb 2014, 05:18 PM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    Thanks HTL. I knew it was something unusual. I'm just delighted that there is some price appreciation with such high volume. I gained access to some dry powder last week and was able to more than double my holdings at .0907. My last two purchases I bought a little higher in order to offer support for the higher pps.

     

    I hold the opinion that the end of the PIPE and expected good news from ePower is driving the increased demand. Now if we could just get a surprise sale of a powercube or other announcement!!!
    3 Feb 2014, 05:59 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Strange, usually they flip Axion the BIRD.

     

    EnStorage and Princeton Power Systems awarded $950K BIRD grant for hydrogen bromide flow battery system

     

    http://bit.ly/1fov6Hx
    3 Feb 2014, 09:22 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2753) | Send Message
     
    HBr is nasty stuff. A gas at STP and about as dangerous as HCl to breath. Turns lung moisture into an acid. 3ppm in air limit for longer exposures.

     

    4 Feb 2014, 03:58 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Tom Konrad's new article on clean energy (mentions CHP & PENGF)
    http://bit.ly/1foylP7
    3 Feb 2014, 09:50 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1301) | Send Message
     
    I've been thinking about Axions letter to shareholders about the economics of using PbC storage for frequency regulation (FR). If the economics are as compelling as they say, perhaps Axion should start cranking up the PbC line and start putting inventory into building a few megawatts of Power Cubes, then hook them right up to the grid and start raking in the FR payments as a revenue stream to fund operations while they are waiting for sales. That inventory is not earning them anything sitting on the shelf.

     

    As an alternative, they could partner with a company like Bysolar by providing batteries for large solar projects essentially free up front and claiming the FR revenue stream as payment.
    3 Feb 2014, 09:55 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Long term assets like a PowerCube for frequency regulation only make sense if a company can obtain debt financing for the purchase. The facility you suggest would cost several million dollars that Axion doesn't have. The last thing I want to see is a big capital raise so that Axion can go into the utility business.

     

    One of the biggest obstacles the solar panel guys have in selling systems is the huge up front cost with a modest stream of long term revenues. Companies like SolarCity are only successful because they're able to package their hard product with a financing product that reduces the end-user's front-end costs to zero.

     

    At this stage in its development Axion should only build batteries that it can sell to customers for cash. It's already invested in one PowerCube that provides all the proof of principle data it needs. Anything more would be a grave misallocation of resources.
    3 Feb 2014, 10:07 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1301) | Send Message
     
    JP. I am not talking about a big investment. I am talking about using existing inventory. All those coconut husks sitting on pallets and an idle PbC line aren't making any money for them. So, slap some batteries into a power cube and either park it next to the one they already have, or give it to someone else who IS in the utility business and take part of the revenue stream as payment. At a miniumum it would give them more exposure for future PbC sales. With regard to your last paragraph: yes, it would be good for them to build batteries they can sell; still waiting and waiting for that to happen. If deploying an asset that can give a 20% return on cost is a grave misallocation of assets, then I guess their margin on straight battery sales must me enormous.
    3 Feb 2014, 10:14 AM Reply Like
  • AWOL ENGINEER
    , contributor
    Comments (72) | Send Message
     
    NGS, now I think you have something there! Let's put our own money and products to work and slap up a real time profit showing website so everyone can see how well it works. I heard peak pricing here during the polar vortex may have hit 2500 kw/h. Checking online I can see PJM was hitting highs just a few weeks ago (assuming why the letter to shareholders pointed to January's profits). It has to be clear to many companies that the cube is profitable.

     

    The letter may not seem like much, but without a spec sheet it is the closest thing as evidence I can show to people that the battery actually works. It came in handy Saturday when I ran into an unnamed energy provider's project manager. He's constantly working on their wind power applications knowing they need to condition their power and have storage but wasn't aware Axion even existed. How do I even begin to explain to him that he can't live without AXPW!!
    3 Feb 2014, 10:22 AM Reply Like
  • JohnM121
    , contributor
    Comments (519) | Send Message
     
    Wind is a good application. GE is is trying to sell and finance their batteries into their wind systems. Axion needs a Princeton Power type of partner to build and sell it. I don't see tesla's battery manufactures making cars so they can sell batteries.
    3 Feb 2014, 11:45 AM Reply Like
  • JohnM121
    , contributor
    Comments (519) | Send Message
     
    "...they're able to package their hard product with a financing.."

     

    Anytime they try to sell these to retail investors, it's time to run away. It's happening with Germany's wind farms, and with US housing a few years ago. I don't want to be part of someone else's exit strategy.
    3 Feb 2014, 11:53 AM Reply Like
  • dance621
    , contributor
    Comments (205) | Send Message
     
    Can someone please help my continued ignorance. Yahoo shows 1.6M shares traded so far. If I am not mistaken the PIPErs can sell 15% of the volume. Does that include double count? Can they dump 15% of 800k or 15% of 1.6m?

     

    Thanks
    3 Feb 2014, 11:08 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Let's run through the math.

     

    According to Axion's new registration statement the share count was 196 million on January 28th. If you dig back into Axion's old SEC filings you'll see that the share count was 113 million in May. So a total of 83 million shares were issued to the PIPE investors through January 28th.

     

    On January 28th the PIPE investors reported combined holdings of 11 million shares, which means they sold 72 million.

     

    Between June 6, 2013 and January 28, 2014 total reported trading volume was 161 million shares. That means the PIPE investors accounted for 44.6% of all trades and up to 89% of all sell-side activity by the time you consider the double count.
    3 Feb 2014, 11:17 AM Reply Like
  • dance621
    , contributor
    Comments (205) | Send Message
     
    Thanks JP so we can assume the around 44% of current volume still accounted for by PIPE? If so the high volume the last few days will help the PIPEs burn through quite a bit of their remaining stock. Three weeks at this volume would see them clear (although did you mention some additional stock to be released to them?)
    3 Feb 2014, 12:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    My best estimate of the stock issuance schedule is:

     

    7.8 million last Thursday;
    1.5 million today; and
    2.7 million at the end of the month.
    3 Feb 2014, 12:20 PM Reply Like
  • bazooooka
    , contributor
    Comments (3689) | Send Message
     
    Up to 15% of total volume "each" (and there are 5 or so investors), which in effect is no limit at all since it takes them over 50% of total volume and since total volume is usually double counted (a buy and a seller for same transaction).
    3 Feb 2014, 02:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Since two of the buyers are affiliated, there are only four sellers but they can still account for 100% of sell side activity.
    3 Feb 2014, 02:55 PM Reply Like
  • D-inv
    , contributor
    Comments (4843) | Send Message
     
    dance621 ... I recommend taking a look at Axion's January 31 S-1 filing with the SEC (easily accessible in any of four formats at http://bit.ly/13if3JL). That document spells out the argument(s) for registering 30 million shares and, IMO, in no way supports any inference the PIPE will be completed on issuance of an additional 12 million shares (7.8+1.5+2.7) as suggested by John Petersen.

     

    One might take particular note of assumptions stated in line/row labels of the text table presented in mid-page 42. $.072 is the assumed VWAP share price assumption (consistent with $.09 x .80) That ".80" discount factor is in line with amendment of the PIPE agreement disclosed in Axion's 8-K filing of January 3 and implies all shares registered through the S-1 filing are to be issued for installments due "subsequent to February 3."

     

    Another notable assumption presented as line/row label of the page 42 text table reads, "Principal and interest remaining: (assuming no deferrals/acceleration)". One might interpret the stated assumption a) as applying to the future only or b) applying to the full life of the PIPE agreement. If a) then NO ACCELERATION of share conversions had occurred through January 28. If b) then one is left with the question of why Axion management is registering so many shares.

     

    Assuming a) is valid, "pre-installment" shares for the installment due March 3 were issued last Thursday at a conversion price of .8*appropriate WVAP to redeem $250k in senior notes held by Parsoon Special Situation Ltd and $125k in senior notes held by each of three other PIPE note holders. That is, applying the table's $.072 assumed conversion price, ~8,680,556 shares were issued to retire $625K in senior convertible notes. $2,375,000 of senior convertible notes remain outstanding and due for conversion.
    3 Feb 2014, 04:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    My Excel Workbook lays out all the facts. I encourage anyone who has questions to download the workbook, tie the numbers back to the SEC source filings and decide for themselves which makes more sense, the indisputable numbers or one individual's interpretation of prospectus disclosure.

     

    http://bit.ly/1bkFygB
    3 Feb 2014, 04:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    D-Inv: Recall that Parsoons did not partake of the offer and their VWAP percentage is still 85%.

     

    HardToLove
    3 Feb 2014, 05:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    As I read the Form 8-K all lenders agreed to waive the price failure and got the 80% pricing in return. The only thing Parsoon didn't do was agree cut its March pre-installment to $125,000.

     

    Since debt balance after the February payments is only $750,000, the total stock issued for the March pre-installment is about 7.8 million. Parsoon got 2.6 million and the other three got 1.7 million each.

     

    While a single data point can't provide a trend it is interesting to note that Parsoon had 1.6 million shares on the 28th, Hudson Bay had 2.5 million, Empery had 3.4 million and Capital Ventures had 3.5 million.
    3 Feb 2014, 05:38 PM Reply Like
  • D-inv
    , contributor
    Comments (4843) | Send Message
     
    Thought about Parsoons, HTL, and gave the January 3 8-K another read before writing my comment to dance621. From the 8-K,

     

    " ITEM 1.02 Amendment to Material Definitive Agreement

     

    As of January 2, 2014, Axion Power International, Inc. (the “Company”) entered into Note Amendments with each of senior lenders with respect to the $9,000,000 aggregate amount of Senior Convertible Notes (“Notes”) issued by the Company to those lenders on May 8, 2013. All capitalized terms utilized in this Current Report and not defined are used as defined in the Notes.

     

    The terms of the Notes are amended by the Amendments as follows:

     

    1. The minimum $.10 per share VWAP price set forth in the Notes for the Company to be able to effect a conversion of an Installment into Company Common Stock was reduced to $.09.

     

    2. The Company Conversion Price commencing with the Pre Installment for the period ending February 3, 2014 was reduced from 85% to 80% of the VWAP formula specified in Section 8 of the Notes.

     

    3. The lenders waived the requirement to redeem the Pre Installment for the period ending February 3, 2014 triggered by the VWAP of the Company’s Common Stock on December 26, 2013 and December 27, 2013 at a price less than $.10.

     

    4. With respect to all lenders except Parsoon Special Situation, Ltd, the Installment Amount for Installments subsequent to the Installment for the period ending February 3, 2014 was reduced from $250,000 per lender to $125,000, except that at the Company's option, it may request that the Installment Amount be increased to $250,000."

     

    As I read the 8-K, amendments 1 - 3 apply to all investors/lenders but amendment 4 (modification of original payment schedule) does not apply to one investor, Parsoon Special Situation Ltd .

     

    Previously, I had read the amendments similarly to your own interpretation, ventured that Parsoon had accelerated conversion of all remaining senior notes they held, and no longer had iron in the fire. The S-1, though, lists Parsoon among investors holding notes to convert. "Maximum Number of Shares of Common Stock to be Sold Pursuant to this Prospectus" (page 44) is given as 10,416,667 for each of the four investors listed. Division of that maxium number of shares to be issued by $.072 yields $750,000 for each investor.
    3 Feb 2014, 06:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    Thanks John. Stand corrected.

     

    HardToLove
    4 Feb 2014, 05:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    SEC reports and registration statements are some of the worst documents in the world to read and understand because the rules require a formulaic presentation that doesn't always mesh smoothly with the infinite variety of possible deal structures. As securities lawyers go I've always had a good writing style, but the reality is I didn't learn how to effectively communicate in writing until I started writing a blog about five years ago. It's amazing how often things seemed crystal clear in my mind and clear as mud in the mind of a reader. But I guess the day you stop learning is the day you start dying.
    4 Feb 2014, 06:35 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Here is the DOE storage exchange where both entries are for Axion:

     

    http://tinyurl.com/p7g...

     

    Anyone want to send an email to Axion to see what the story is?
    3 Feb 2014, 11:40 AM Reply Like
  • D-inv
    , contributor
    Comments (4843) | Send Message
     
    Stefan, hard copy request for explanation is in the mail.
    3 Feb 2014, 01:37 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Thanks. I wonder if you will get a response.
    3 Feb 2014, 01:42 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    Is AXPW the only stock in the green in anyone else's account(s)? I think there was something in Revelations about this...
    3 Feb 2014, 12:06 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >isthisonebetter ... My (VIX) is doing OK and has been over the past week. Near time to bail on it but it is green. I hope Axion has at least such a run.
    3 Feb 2014, 12:25 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    better---my OHRP was up nicely yet again today on big volume. I've mentioned it briefly here a couple times. Do ur own due dilly. I did and was blown away. Rolled some of my PIPE-avoidance AXPW sales $ into it last May back at $5. $11 now. It's been rocking in the eye drug development space, which has been rocking in biotech, which has been rocking in healthcare. Huge binary outcome coming soon, so a refreshingly short wait for a giant catalyst.
    3 Feb 2014, 06:23 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    Mr. I,

     

    Good for you! I looked at them when you suggested OHRP a few months back. They were around $6.50 at the time and a couple days later they popped to high $7s and I thought I may have missed my entry point. Never got low enough (with me watching) again to pull the trigger. I suppose that's par for the course for me, though.
    3 Feb 2014, 06:33 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    better---if I wasn't already full, I'd buy more even up here, because if their drug announcement in Q2 is positive, then their mkt cap could readily go from $200 mil now to $1 billion or even several billion. Quickly. As in days or weeks. But if negative news, the price will prob plummet. Binary outcome. But I've found several things that mitigate the downside risk substantially, best I can tell.
    3 Feb 2014, 08:15 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Wonder what Goldman's real angle is ...

     

    http://bit.ly/1in0okC
    3 Feb 2014, 12:25 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1110) | Send Message
     
    Interesting article Stefan, thanks for posting; here's a snippet:

     

    "Goldman’s ... assumptions – ... costs will continue to decline as efficiency improves, solar and wind will reach grid parity without subsidies in the not-too-distant future, and that energy storage issues will also be solved."

     

    I find this interesting in light of the severe drought going on in California right now (which affects us here in S. Oregon). Interestingly, according to tree rings, California occasionally experiences "megadroughts", which can last for decades, even centuries. There was apparently a 240 year drought from 850-1090, and another 170 year drought after that."

     

    If California were to enter a new mega, or even mini-drought, it means they will end up with even more sunshine. Combine that with unlimited ocean water at their disposal, it seems it could set the stage for large scale solar desalination projects on an unprecedented scale. I think it's just a matter of time, whether in California, or some other part of the world where the economics would make sense.
    3 Feb 2014, 01:31 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Stefan,
    A couple of thoughts. Goldman has been on the CC several times for Tesla and they are also invested in Solar City to the tune of $500 million. Were I to be a cynic, I would suggest that Goldman has pumped their money into both and is now trying to convince others to invest so that they can slowly pull their money back out, at a profit if possible, and leave small time investors to pick up the bill should both fail. As for the wind and solar investments, I don't know them well enough to know if the investments are in any way guaranteed by the various governments.
    3 Feb 2014, 04:34 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Decent article on PJM frequency reg.

     

    http://bit.ly/1bVTOMY
    3 Feb 2014, 12:40 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    I'm curious about what people think the next financing will look like?

     

    Assuming something positive happens, then another visit to .09 in the next week or two could be a good time to buy (or trade in and out) or assuming nothing happens there could be much better chances down the road.
    3 Feb 2014, 02:03 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1301) | Send Message
     
    Stefan, pessimist that I am, I expect the next financing will cost us another 40% of the company but maybe won't bring in as much cash as the last one. A clear and sustainable increase in revenue between now and then is about the only thing that will change the outlook for me. Not clear what other options could come up other than another PIPE deal, but maybe there is some stategically aligned investor out there somewhere. In the meantime, stock could maybe bounce bact to .20 before then if some good news were to come out. Your milage may vary.
    3 Feb 2014, 02:25 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2791) | Send Message
     
    It really depends on timing. If AXPW could push out the runway with some sales and gets big contract wins, we could see a raise at much higher levels. Like in the case of PLUG.

     

    If there is radio silence and Axion does another early raise this summer, we're looking at the teens at best. And that's assuming a price recovery after the PIPE shares are done.

     

    I hope the new CFO really makes a big impact here.
    3 Feb 2014, 02:44 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Same as always, Sales and a clear path to a business model or it'll be a blood bath w/ little remaining for the prior contributors to the great Granville shell game. Not in six months, read my lips.

     

    Edit: Welcome to the Granvillusion.
    3 Feb 2014, 02:46 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    great . . . now, I have that song stuck in my head . . . thanks, II.
    3 Feb 2014, 02:59 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Sorry Obieephyhm, It does fit though! :-I
    3 Feb 2014, 03:01 PM Reply Like
  • Amouna
    , contributor
    Comments (2001) | Send Message
     
    At least next time we will have all the evidence it takes to demand Granville steps down in favor of someone else, as he would have used up all the remaining good will we have had with Axion.
    4 Feb 2014, 12:38 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Amouna, Let us hope that we bump into some low hanging fruit in the orchard before it comes to that. I have hated being hungry and hope it doesn't persist much longer.
    4 Feb 2014, 01:20 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Maybe we're part of the "and more" at the end.

     

    5 reasons why battery innovation is hard for Silicon Valley

     

    http://cnnmon.ie/1eNQqV5
    3 Feb 2014, 03:10 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It almost sounds like that reporter did his research in my archive. I'm glad to see the message is permeating beyond the few and the proud.
    3 Feb 2014, 03:49 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    John, He/she should follow you more closely and he/she could get credit for being timely as well. LOL
    3 Feb 2014, 04:22 PM Reply Like
  • Masi
    , contributor
    Comments (483) | Send Message
     
    My "like" option does not seem to work. Is any one else having this problem?
    4 Feb 2014, 06:52 PM Reply Like
  • raleigh731
    , contributor
    Comments (306) | Send Message
     
    mine too!
    4 Feb 2014, 09:31 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    you are not alone . . .
    4 Feb 2014, 09:32 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    11:26 las teveening, support e-mailed that tech had resolved the issue. I tested on the swine flu concentrator, no joy.

     

    Tried hard refresh, no joy.

     

    I've sent a reply saying it still doesn't work.

     

    HardToLove
    5 Feb 2014, 07:04 AM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (872) | Send Message
     
    Working normally for me.
    5 Feb 2014, 07:10 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Not working for me.
    5 Feb 2014, 08:18 AM Reply Like
  • Poul Brandt
    , contributor
    Comments (254) | Send Message
     
    not working for me
    5 Feb 2014, 12:43 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (872) | Send Message
     
    It was when I liked HTL's comment above. Mystery why it only worked the once.
    5 Feb 2014, 01:57 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    AiB: I *suspect* a bug in the clicker that corrupts something after you get one good click. When they had me click the link they send to "reset your account" after logging off, I got one good click too.

     

    I hope everyone is pummeling support at seekingalpha.com so they no the breadth of the problem.

     

    HardToLove
    5 Feb 2014, 02:02 PM Reply Like
  • jpau
    , contributor
    Comments (968) | Send Message
     
    Like

     

    Low tech, but it works
    5 Feb 2014, 11:02 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2303) | Send Message
     
    Axiom (sorry JP) is up over 2% today on volume nearing 3 million. At this rate we can liquidate the PIPE'ers, but then what?

     

    I guess, first and foremost, we'll see if we can maintain .10c for a while.
    3 Feb 2014, 04:31 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2303) | Send Message
     
    I'll reply to myself. Looks like .10c held and now we're at .11...
    4 Feb 2014, 03:18 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    When the PIPErs are gone the only possible source of supply will be the guys who've been buying consistently over the last four years. Since I figure the Axionistas will be every bit as aggressive with their price expectations on the sell side as they were on the buy side it could be a very fun show to watch.
    4 Feb 2014, 03:48 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    O.R.: The patern has happened twice now: ARCA comes on the bid way above current best bid and forces things up all day long.

     

    HardToLove
    4 Feb 2014, 05:02 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    HTL, the PIPErs no longer have an incentive to suppress the price. What is still unclear to me is the extent they will try to push it up now. ARCA seems to be doing that already, and some of the other MMs at times now. But not consistently yet. Seems like we're in a transition. Good signs so far.
    4 Feb 2014, 09:08 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2303) | Send Message
     
    @ Mr. Investor and HTL:

     

    My take is the ARCA is moving the BID up as a reaction to the apparent lack of selling pressure. @HTL: I'll be interested to see the BUY/SELL ratio for today.
    4 Feb 2014, 09:33 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    O.R.: 1:1.46 (40.46% "buys"), daily shorts 848197 (39.01%)

     

    Weaker b:s compared to 1/31, 2/3: 53.9% and 55.6% buys. These two days didn't have ARCA on the buy side.

     

    So even with ARCA on the buy side, we still had ~60% selling into strength.

     

    I've been wondering if the push up is so the remaining PIPErs with shares left can do just that.

     

    HardToLove
    5 Feb 2014, 07:11 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1290) | Send Message
     
    HTL: i think any pipers with shares will support a move up look at 3 cent intervals for little unload pauses imo. so next stop 15 cents. less exposure = more incentive to let it ride. just my gut feel tho...
    5 Feb 2014, 04:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    Mathieu: I'm thinking differently. They have shares at a very low price, $0.07x-$0.08x I guess. When ready to sell they send someone that trades through ARCA to come in and jack up the bid. Folks see the fast price rise and think it's running away and start buying at ever higher prices.

     

    Then from the very high price they let it float down over a day or tow and then do it again.

     

    Only seen two instances so far, but that's how I read it early on.

     

    The get a fast 30%-40% off their shares this way.

     

    Fly in the ointment is that on the first cycle I didn't see anyone with better bids than ARCA (could've just gone by to fast for me - one-armed paper-hanger mode that day).

     

    So I am unsure just how all those shares that *look* like they were absorbed by ARCA get handled. Since the to following days after the first cycle had higher price range on "good" volume, maybe they just slowly release them into the market at a small profit.

     

    Today was the same in that regard - higher price range than yesterday on volume that was OK, but not as good as the first cycle. I suspect folks caught on really quickly. And yesterday ARCA didn't absorb near as many shares.

     

    So ARCA was on the ask all day today and likely disposed of some of those shares.

     

    HardToLove
    5 Feb 2014, 04:31 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The short sale data suggests that they're still selling pretty hard, but they're no longer pushing and shoving at the pay window. With each passing day I'm increasingly convinced that these guys wouldn't buy green bananas.
    5 Feb 2014, 04:32 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1290) | Send Message
     
    i think we pause at 12, then at 15 then ? all they have to do is not sell for a day and suddenly everyone's a buyer. this is much easier to do when you've already sold most of the position. we'll see. i am still: not buying, not selling.
    5 Feb 2014, 06:03 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (2856) | Send Message
     
    HTL> When we get 7 figure volume days, are the big trades (100k plus) usually visible in L2 before they execute? In other words do you see much of the volume sitting as bids and asks before executing or are the big trades happening behind a curtain, surprising you when the volume prints?
    5 Feb 2014, 10:13 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    R.A.: Usually some of them appear down the queue. But most that actually go off don't appear first. I figure those are ones the MM is accumulating or selling short into the market and then when the MM is matching, the one big move from/to buyer/seller is done.

     

    E.g. 2/3 10 trades 79K-130K went that I never saw sitting on the top of either queue. 'Course I was frazzled and could've missed them.

     

    HardToLove
    6 Feb 2014, 05:05 AM Reply Like
  • Retired Aviator
    , contributor
    Comments (2856) | Send Message
     
    Thanks HTL. I am guessing that the big sell volume (PIPErs) doesn't appear in the asks but rather some MM(s) have standing arrangements with those big sellers. I'm intrigued about who is on the buy side of those big trades though. Maybe we'll find out some funds have been accumulating or something through SEC filings.
    6 Feb 2014, 09:25 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    RA - That's been a mystery to me too. I do not believe for a minute that axionista;s have bought 85 million shares.

     

    Who's buying? and how big a stake?
    6 Feb 2014, 10:16 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Of course they haven't bought 85 million shares yet. The PIPErs had only received 83 million as of the 28th and they held about 11 million on that date. That means Axionistas have only bought 72 million ;-)
    6 Feb 2014, 10:38 AM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2791) | Send Message
     
    Fondest wishes for one or more funds to have stealthily accumulated 4.99% and are waiting to push the price up once the PIPErs are gone.
    6 Feb 2014, 12:30 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    Friday's blog finally up.

     

    01/31/2014: EOD stuff partially copied from blog (up now).
    # Trds: 239, MinTrSz: 100, MaxTrSz: 75000, Vol: 2600482, AvTrSz: 10881
    Min. Pr: 0.0920, Max Pr: 0.1130, VW Avg. Tr. Pr: 0.0997
    # Buys, Shares: 142 1401406, VW Avg Buy Pr: 0.1011
    # Sells, Shares: 90 1123601, VW Avg Sell Pr: 0.0975
    # Unkn, Shares: 7 75475, VW Avg Unk. Pr: 0.1057
    Buy:Sell 1.25:1 (53.89% "buys"), DlyShts 1141107 (43.88%), Dly Sht % of 'sells' 101.56%

     

    I think today was essentially a continuation of yesterday – selling into strength – but with more strength indicated by increased volume, buy percentage and VWAP. Caution may still be warranted by the behavior of the more active market-makers on the sell side. Using past behavior as a guide, along wit the continuation of the more active MMs on the sell side to behave much as the have in the past, I've decided my course is a jaundiced eye on the action until more consistent change in behavior occurs.

     

    Today's low, high, VWAP, trade volume, and daily short sales moved 1.21%, 14.37%, 5.33%, 135.44% and 440.95% respectively. Price spread today was 22.83% vs. 8.69%, 10.25%, 1.43%, 13.00%, 4.73%, 44.79%, 14.26%, 31.25% and 5.76% on prior days.

     

    The average of the lowest 20 VWAPs times 80% today is #0.0779 vs. $0.0780, $0.0783, $0.0787, $0.0792, $0.0797, $0.0801, $0.0805, $0.0806 and $0.0808 on prior days. 80% of today's VWAP is $0.0797 vs. $0.0757, $0.0731, $0.0727, $0.0740, $0.0758, $0.0750, $0.0798, $0.0797 and $0.0803 on prior days. These are potential prices for the next tranche of shares to the PIPErs. N.B. I'll have to keep an eye out for JP's calculations to see when the issues and true-ups end.

     

    On the traditional TA front I'm leaning bearish, but can't have conviction in it. It's really just my feeling based on past action of the MMs without strong indications countering that.

     

    We closed above my descending resistance (a nice change!), ~$0.098 AFAICT, at $0.0999. It was still below my long-term descending resistance of ~$0.11, but the high exceeded it if we include those two high-priced trades. Without them, we stopped right at it. Still a nice change overall. The accumulation/distribution continues to show strong and increasing distribution. But RSI, MFI, ADX stuff, full stochastic, momentum and Williams %R all strengthened. Bollinger bands have gone flat now at $0.1064 and $0.0889. RSI, MFI and Williams %R are at essentially neutral readings now, which is n improvement, and full stochastic is right at oversold and trying to come out of that area.

     

    I could get all giddy here if I didn't recall my warning not to get suckered by the spike to $0.139 on 1/21. Today was also a spike, but it is different in that we did have some volume at and around the higher price levels today. So, did that exhaust buyers, or sellers, at these levels? Don't know yet. The 10, 20 and 50-day SMAs, $0.0949, $0.0977 and $0.1047 respectively, are still descending. They are based on close, IIRC, and could be expected to still be doing this with only today's close substantially above recent ranges. So their descent can't really be used to engender strong confidence that a bear sentiment is still in play.

     

    The usual are available in the blog here.
    http://seekingalpha.co...

     

    HardToLove
    3 Feb 2014, 05:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Today's short percentage was immense at 47.2%, particularly if you believe as I do that the shorts reported to FINRA represent sales by the PIPE investors instead of normal market making activity.
    3 Feb 2014, 06:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    John: normal side-effect of buy:sell of 1.32:1 (55.61% "buys").
    Fri similar: short 43.88%, buys 53.9%
    1/21 short 50.56%, buys 51.7%
    1/17 short 40.81%, buys 62.5%
    The effect will vary depending on volume of trades, what happened the prior few days, etc., but generally, viewed in isolation, a "high" buy % says an increased, and maybe "high" daily short sales percentage will be seen.
    HardToLove
    4 Feb 2014, 06:02 AM Reply Like
  • dlmca
    , contributor
    Comments (402) | Send Message
     
    Stefan

     

    Next financing?

     

    The gaps between today and results is the CFO's enemy - orfriendFirst remember I have until next fall. Nothing needs to befinalized now but I sure need to have my oar in the water developing the relationshipsfor when they are needed

     

    Remember too the CFOknows far morethan we do. Atthis point hisnumbers should beconservatively built onat least12 monthsout – with pie in the sky potential out24-36 months that sets the agenda and points to how great things could be

     

    As JPsuggests - if the financing is to finance asustainable expansion ofprofitable sales - adebt deal thatwill not diluteshareholders could bepossible. We then move smoothly tohigher levels ofperformance and earlydays of profitsand cash flow.You know wherethe share pricestarts to go

     

    If I amCFO with thepotential that isbecoming more andmore a matterof time - Ido all I can tojust get us to that potential. If there isno solid customervisibility in the short term - I may have no choice but to choose some shortterm expensive equitydeal that willdilute - but forall the rightreasons. But I am not sitting backpinching pennies - I am proactively surveying and working all possibilitiesIf I can see arealistic path tosolid profitability Ihave been primingand selling thisdeal to my banker or favoritefinancier for thelast month orso. Note this may not bea bankerWhoever they arethey have thestory we know –and more - and arestarting to believeit so thatby summer 2014 - anda few moreannouncements - I have their confidenceand we canget a dealdone that getsus to thepromise land without dilutionIf that storycannot be toldand sold - thenI am dealingwith a wholedifferent set ofparameters that beginsto question thecapacity of a management and salesteam that clearlyhave something thatthe market needsand yet cannotmake the cash connection. In such a situation theCFO is compromisedand conflicted. Nota good thingAll this aside- I feel the scenario we allfavor is evolvingand very gooddays are ahead.I could bewrong…it is not rocket science justwhat a good CFO is trained to do and comfortable in doing it
    
    3 Feb 2014, 05:59 PM Reply Like
  • dlmca
    , contributor
    Comments (402) | Send Message
     
    Let's try that again

     

    Stefan

     

    Next financing?

     

    The gaps between today and results is the CFO's enemy - or friend
    First remember I have until next fall. Nothing needs to be finalized now but I sure need to have my oar in the water developing the relationships for when they are needed

     

    Remember too the CFO knows far more than we do. At this point his numbers should be conservatively built on at least 12 months out – with pie in the sky potential out 24-36 months that sets the agenda and points to how great things could be

     

    As JP suggests - if the financing is to finance a sustainable expansion of profitable sales - a debt deal that will not dilute shareholders could be possible. We then move smoothly to higher levels of performance and early days of profits and cash flow. You know where the share price starts to go

     

    If I am CFO with the potential that is becoming more and more a matter of time - I do all I can to just get us to that potential. If there is no solid customer visibility in the short term - I may have no choice but to choose some short term expensive equity deal that will dilute - but for all the right reasons. But I am not sitting back pinching pennies - I am proactively surveying and working all possibilities

     

    If I can see a realistic path to solid profitability I have been priming and selling this deal to my banker or favorite financier for the last month or so. Note this may not be a banker

     

    Whoever they are they have the story we know – and more - and are starting to believe it so that by summer 2014 - and a few more announcements - I have their confidence and we can get a deal done that gets us to the promise land without dilution

     

    If that story cannot be told and sold - then I am dealing with a whole different set of parameters that begins to question the capacity of a management and sales team that clearly have something that the market needs and yet cannot make the cash connection. In such a situation the CFO is compromised and conflicted. Not a good thing

     

    All this aside - I feel the scenario we all favor is evolving and very good days are ahead. I could be wrong…it is not rocket science just what a good CFO is trained to do and comfortable in doing it
    3 Feb 2014, 06:00 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1290) | Send Message
     
    tablet vs computer
    3 Feb 2014, 06:30 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    Oh please God let me acquire a million shares in AXPW before it starts rising.

     

    Minimum fair valuation for this company is $200 Million. I expect $1 a share minimum.
    3 Feb 2014, 06:44 PM Reply Like
  • bazooooka
    , contributor
    Comments (3689) | Send Message
     
    You will then be in JP's club of ownership (sans the Swiss castle =)
    3 Feb 2014, 06:56 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Since I moved back to the States in January 2013 I'm sans the Swiss castle too. It was a great place to live but a terrible place to earn a living.
    3 Feb 2014, 07:01 PM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    The ongoing efforts to make an aluminum-air rechargable battery are having an unexpected impact in furthering the fuel-cell hydrogen economy.

     

    One major problem with the current aluminum-air battery technology is the corrosion of the aluminum alloy anode during the discharge cycle and thus creating hydrogen gas inside of the battery. This side reaction has the potential to assist in getting around a major problem in the transportation of hydrogen gas through steel pipelines.

     

    Transporting hydrogen gas through pipelines is a tough challenge, as the hydrogen gas tends to cause serious degradation of steel pipelines. Hydrogen molecules are very small and can pass in between the molecules of most materials. Pipelines used to transport hydrogen gas must be made of materials such as high grade non-porous stainless steel. The permeation of hydrogen molecules in the steel in the pipeline can cause the steel to blister and crack, resulting in a serious leakage issue of the hydrogen gas being transported.

     

    The link between the creation of hydrogen gas by an aluminum-air battery and the damage to a steel pipeline by hydrogen gas is in the research being done on trying to reduce and minimize the amount of hydrogen gas produced within the Al-air battery by the aluminum alloy anode. Such has led to work being done on designing aluminum alloys to be used as portable sources of hydrogen. A portable source of hydrogen gas would would not solve the technical challenge of the hydrogen gas permeation of steel pipelines, but it would result in at least hundreds of miles of resultant leak prone pipelines not having to be employed at all.
    4 Feb 2014, 01:02 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    39,

     

    Trying to nuke this out....Are you saying aluminum (alloy) corrodes with water to make aluminum oxide and liberates hydrogen in the process? And thus the portable hydrogen generator would essentially use aluminum + water as the fuel? Also, is the type of alloy important? It just sounds kind of bizarre to be thinking of this as a source of bulk hydrogen, because I'm thinking the aluminum itself, if it is consumed, is going to be a significant cost... If so, is it contemplated that somehow the aluminum oxide is going to be reduced back into aluminum metal somewhere?
    4 Feb 2014, 01:24 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2753) | Send Message
     
    48 types: "... is it contemplated that somehow the aluminum oxide is going to be reduced back into aluminum metal somewhere? "

     

    Exactly so. In an aluminum air battery the idea is to do it with ONLY electricity, at the site of the Al-Air cell. IE, a storage cell.

     

    Sending AlOx back to the refinery is a MAJOR cost, requiring much infrastructure. I doubt it is feasible.
    4 Feb 2014, 04:14 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    SiHiBi,

     

    I totally get that for the Al-air battery... but 39 was seeming to be talking about a scheme to use such cells to actually generate (local) bulk hydrogen (to be used as the fuel for fuel-cell cars?) as their primary function, ie not merely as an undesirable byproduct of battery operation. And the reason given for doing this is that hydrogen is otherwise so problematic to transport over distance in steel pipelines. And the whole thing just sounded crazy to me. But I don't know, maybe I'm missing something and it's brilliant.. ;)
    4 Feb 2014, 08:06 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    Axion should apply for the award: http://prn.to/1ePsq42
    4 Feb 2014, 03:50 AM Reply Like
  • greentongue
    , contributor
    Comments (974) | Send Message
     
    YES!
    4 Feb 2014, 07:23 AM Reply Like
  • Masi
    , contributor
    Comments (483) | Send Message
     
    Is there a cash reward with that or just the great prestige and worldwide recognition?
    4 Feb 2014, 07:24 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Masi, Free tickets to watch reruns of the last Super Bowl w/ Denver fans and all the warm beer you want. Plus a free Seahawks jersey.
    4 Feb 2014, 07:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    Iindelco: you new icon is "Pretty in Pink".

     

    HardToLove
    5 Feb 2014, 07:13 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    HTL, Handsome fish hugh. It's a "Blob fish". Made me smile so I gave up the turtle w/ the green afro. 8-P
    5 Feb 2014, 08:37 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    http://yhoo.it/1fDxM6i

     

    Flow Battery Breakthrough May Boost Green Energy Storage
    4 Feb 2014, 05:11 AM Reply Like
  • tahoe1780
    , contributor
    Comments (111) | Send Message
     
    Ah, its the rhubarb battery I posted about several concentrators ago. Better enjoy those strawberry-rhubarb pies while they're still affordable. :)
    4 Feb 2014, 11:07 AM Reply Like
  • Axion Power Host
    , contributor
    Comments (523) | Send Message
     
    Author’s reply » JP's charts updated today through 2/2/14
    4 Feb 2014, 05:52 AM Reply Like
  • Valleywood
    , contributor
    Comments (853) | Send Message
     
    Inasmuch as the board appears to be very reflective today....
    A friend of mine has great confidence in his ability to drink coffee while working on his computer. For medical reasons he has been advised by his allergist to drink wildflower honey in said coffee. He remained confident because he's never had an accident drinking coffee, and besides he has one of those leak-proof spill-proof stainless cups he bought at Caribou Coffee many years ago.
    This past Christmas his twin two-year old boy grandchildren came calling. Unfortunately, nobody informed said boys that the cup was spill proof and they poured about a cup of honey-laced coffee into Grandpa's keyboard before he even knew what was happening.
    Did you know that when that happens you have to wait about a month to ensure most of the water has left the honey before dismantling your keyboard? Did you know that the keyboard has to be cleaned key-by-key by lifting each key individually, washing said key, washing the switch underneath the key and then replace them one -by-one? Did you know it takes about eight hours to clean the keyboard? Did you know you can't use any profanity while cleaning the keyboard because you could be interpreted as being pissed with the grandchildren and upset Grandma if she hears you?
    My friend told me that. Sure glad I didn't do it ! What a pain in the tookis THAT would be !
    I think I'll go out to the shop and hammer some nails.
    4 Feb 2014, 11:12 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Did your friend know he could buy a spiffy new keyboard for less than $100?
    4 Feb 2014, 11:21 AM Reply Like
  • Valleywood
    , contributor
    Comments (853) | Send Message
     
    The keyboard is part and parcel of the notebook. New keyboard is not possible. Even he is clever enuff to explored that option though this experience suggests he is not.

     

    He WILL however when his office is complete go to a wireless keyboard that will be remotely located from the CPU. His stupid shop has got to be competed quickly so he can begin finishing his office. You know how it is . . . . Her Majesty's projects always come first and have for the past five years. THIS year however he's drawn a line in the sand. He's very tough that way you know.......
    4 Feb 2014, 11:32 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I seee. The initial post left out one critical word - notebook. Sucks to be your friend.
    4 Feb 2014, 11:44 AM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (138) | Send Message
     
    My wife tried to insist I not drink Coffee at the computer, she thinking a new computer would be required if I spilled some on the keyboard.
    I said a keyboard can be had for $10. poof!

     

    I think self contained Motor Homes and inter city Buses are another good opportunity for Axion.
    4 Feb 2014, 11:55 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    In the 2012 year end CC a questioner asked TG about progress on the APU front and his answer caught my ear – "We are working with that application but it really – there is better low hanging fruit out there than that." On a couple occasions since then he's mentioned ongoing efforts to develop a stop-start system for medium and heavy duty delivery fleets.

     

    I just found a set of data points that has given me a much clearer picture of the potential benefits of stop-start systems in delivery fleets. In August 2012 the NREL published a report on testing of the Eaton Hybrid by Coca Cola Refreshments in Miami. – http://1.usa.gov/PYKQYX

     

    Buried in the bowels of the report (pages 24 & 25) there's a short section on "Idle Time Evaluation" that tracked idle time for the test fleet, percentage of time spent idling and fuel burned while idling. The numbers were shocking. For Coke's delivery fleet in Miami their conventional trucks spent 61% of the day idling and consumed an average of 427 gallons of fuel per truck-year ($1,700) going nowhere.

     

    Now I understand why Tom thinks there's "better low hanging fruit" than the APU market. I also see how a potential solution to that problem might give Axion the stroke to get ePower an audience with Cummins.
    4 Feb 2014, 11:13 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Interesting numbers from the summary of the report:

     

    Fuel Costs
    Hybrid fuel costs per mile were 12% less than for the diesels.
    Operating Costs

     

    Hybrid vehicle total cost of operation per mile was 24% less than the cost of operation for the diesel group ($0.74 vs. $0.97 per mile), which means the customer is realizing real savings with
    the hybrid.
    4 Feb 2014, 11:59 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    A couple other interesting points:

     

    The service life of the battery is estimated by Eaton at more than 7 years.

     

    Status of CCR Hybrid Fleet
    CCR has made a public commitment to reduce its carbon footprint 15% by 2020. As part of that commitment, CCR operates 730 class 7–8 hybrid tractors and straight trucks in its fleet, almost 6% of the total fleet. CCR is actively valuating and experimenting with the fleet-wide hybrid performance and all the specification options that affect that performance including engine size and rear axle gear ratios. CCR plans to purchase another 80 hybrids in 2012.
    4 Feb 2014, 12:21 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    The 13-month field study demonstrated the hybrid group had a 13.7% fuel economy improvement over the diesel group.
    4 Feb 2014, 12:24 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    John -

     

    All other things being equal, it would appear that the ePower kit will compare very favorably to this diesel/electric class 8 hybrid.

     

    It appears CCR planned to purchase 80 more in 2012. Probably a good lead for testing for ePower units since they already have a program set up ...
    4 Feb 2014, 12:34 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The fascinating aspect of CCR's plans to buy 80 more tractors is they're still testing and they're still trying to figure out where Class 8 hybrids will fit in their business. According to fleet central, CCR is number 22 on their list of the Top 100 fleets in the country.

     

    http://bit.ly/1doWkez
    4 Feb 2014, 01:29 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Does the ePower solution include idle stop-start? It seems to me stop-start is much more important to these urban delivery trucks than it would be to a truck engaged in long-haul.

     

    And since BMW has done such a notoriously poor job (so far) with their idle stop-start, I suspect that either idle stop-start is actually a pretty tricky functionality to engineer or: they are using the wrong battery (obviously!).

     

    D
    4 Feb 2014, 08:28 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    I've always thought ISS was nice for stoplights etc, where there is some distance at some speed to travel before the next event. But for stop and go traffic, which kills fuel economy, you really want some kind of electric-only creep-forward capability...
    4 Feb 2014, 08:36 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (2856) | Send Message
     
    481> Just put a trap door opening in the floor panel and do a Fred Flintstone for your "creep forward". You're making it too complicated.
    4 Feb 2014, 08:43 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    It's funny, hind of, because lots of green stuff is really a bunch of BS. And yet, at some point in time, the Americans will wake up and do what's right. Even W.C. figured that out.

     

    I think we're on the right ride but could be we're too soooon. Actually, I think we were too late. Dice anyone?
    4 Feb 2014, 11:24 PM Reply Like
  • ARGE
    , contributor
    Comments (724) | Send Message
     
    Job for someone who knows that solar and storage are needed together, and can sell PbC?

     

    Texas Area Manager
    NRG Residential Solar Solutions - Austin, Texas Area
    We are looking for a Texas Area Manager to manage key partner relationships as well as our direct sales channels. You will guide our growing residential solar leasing business across the great state of Texas and ensure that all of our partners and customers receive the highest level of service, training, and coaching to better promote our residential solar lease product. Successful candidates will have a proven sales track record as well as demonstrated organizational and leadership skills. They will be good at coaching and mentoring. Solar sales experience is desirable. Even though we’re a Fortune 300 company, our residential solar business has the feel of a start-up. The candidate that displays adaptability and a “do whatever it takes” attitude to meet or exceed expectations will have tremendous opportunity for regional and national growth. The Texas Area Manager is responsible for bringing best practice ideas, innovations and capabilities to customers and drive adoption and success within an emerging set of customers. Key to this role is being able to articulate value, inspire and sell the company suite of products and services.

     

    Responsibilities

     

    • Meet and exceed revenue targets

     

    • Take ownership of the dealer network across the state of Texas. This includes developing new partners. It also includes coaching existing partners to maximize their sales success.

     

    • Support the sales efforts of the Inside Sales team in Austin by coordinating leads, campaigns, and partners. Visit with prospects in-home and facilitate the successful closure of new sales contracts.

     

    • Serve as a primary point of contact for our partners at all levels, from the senior management to the front line sales team

     

    • Drive demand creation with Installer and reseller partners in the territory in conjunction with the rest of the sales team

     

    • Perform sales training, attend events, sales meetings and perform sales support activities as needed

     

    Qualifications

     

    • Minimum of 3 years in sales, account management with demonstrated success over-achieving quota

     

    • Knowledge of the residential solar market, incentives and sales process

     

    • Adaptability and comfort working in a fast-paced, unstructured environment

     

    • Experience teaching, coaching or training groups preferred

     

    • A bachelor’s (or advanced) degree

     

    • Excellent written and oral communication skills

     

    • Must be passionate about the renewable energy space

     

    • Experience selling power purchase agreements, leases, mortgages or other finance products a plus. Experience selling home improvements in the home also a great asset

     

    • This position is located in Texas. Ability to travel statewide regularly and nationwide occasionally.

     

    http://linkd.in/1cR0hgi

     

    not sure if trhe link will work
    4 Feb 2014, 11:17 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    ARCA on the buy again with a $0.106 bid, up from the $0.104 that was best.

     

    HardToLove
    4 Feb 2014, 11:45 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >H.T.Love ... ZOOM!!!!!! A few more ten-thousandths of a dollar and we'll all feel wealthy.

     

    At least it is a change of direction ... for now.
    4 Feb 2014, 11:51 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    A journey of a thousand miles begins with a single step – Laozi
    4 Feb 2014, 11:56 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Hey it does rhyme.

     

    The more laws and order are made prominent,The more thieves and robbers there will be.
    Lao-tzu
    4 Feb 2014, 12:29 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    damn 'like' button refuses to work . . .
    4 Feb 2014, 12:45 PM Reply Like
  • User462699
    , contributor
    Comments (120) | Send Message
     
    It actually does work - just have to do a refresh to get it to show up.
    4 Feb 2014, 01:15 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Obieephyhm, Yep. Since they changed the format it comes and goes. What's that about giving and taking away again? When "soft" turns into "mal" I guess you get "be"ware. Or in the case of their edit function you get "no"ware.
    4 Feb 2014, 02:27 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    User: Not so. I tried that this A.M. before I e-mailed supprt at seelkingalpha.com.

     

    It worked on Jon's articles for me, but nowhere else, even after hard refresh. Also tried SA log out, cliked the link tht clears there cookies or whatever and it acted the same.

     

    HardToLove
    4 Feb 2014, 05:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    Iindelco: and it's everyware too.

     

    HardToLove
    4 Feb 2014, 05:07 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    HTL, Well that's easier to find and rectify than rareware.

     

    BTW, Nice paint job on the tape today for a change.
    4 Feb 2014, 05:28 PM Reply Like
  • User462699
    , contributor
    Comments (120) | Send Message
     
    HTL,

     

    It's niggling, but it does work for me - just tested it on your statement saying it doesn't. I hit like, it doesn't register, I reload and it registers. Guess it doesn't work for you.
    4 Feb 2014, 05:33 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    User46, Yeah you're right. If you hit "like" it works but doesn't show the increment until you reload the page.
    4 Feb 2014, 05:43 PM Reply Like
  • Masi
    , contributor
    Comments (483) | Send Message
     
    The same for me HTL, I tried all of what you stated. I put the pointer over the "like" the number changes, then I click....and nothing. I guess if others are having the same problem, please reply a post with the word "same". Just to get an idea of what is happening, then we can find out what operating system. I'm using a Dell win 7 os. (didn't like 8)
    4 Feb 2014, 07:50 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    on this thread (minus one finger), I can no longer 'like' anything . . . other threads work fine. I've cleared my cashe and re-loaded the page. no joy.....
    4 Feb 2014, 09:30 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    obieephyhm,
    Ditto on that for me too. Like hasn't worked for a couple of days now, no matter what I try.
    4 Feb 2014, 10:53 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19531) | Send Message
     
    I tried again this A.M. after a hard refresh and still no joy.

     

    Maybe they don't like Firefox.

     

    HardToLove
    5 Feb 2014, 07:16 AM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    HTL, I'd believe that except that I can 'like' all I want on other SA comment threads . . . so I don't think Firefox is the culprit, here.
    5 Feb 2014, 02:13 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Very interesting article on Green Charge (company seems similar to Rosewater - but has corporate clients interested in creating a cookie cutter model for multiple locations)

     

    http://bit.ly/1frSu6P

     

    The article states that Green Charge works with Princeton Power and uses lithium ion batteries, but is now technology agnostic. Additionally, 7-Eleven is moving forward with placing units at stores in California. It would be sweet beyond belief for Axion to tap into a cookie cutter model with a gas station or walmart type chain.

     

    Given that the PbC plant is seemingly sitting idle and Green Charge is already using Princeton Power inverters, which are PbC certified, what would be the harm in contacting Green Charge to set up a small PbC demonstrator?

     

    Vani - If you haven't cold called yet, please add Green Charge to your list.
    4 Feb 2014, 01:28 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    Starting to see some cracks in the PIPE (crack PIPE, ha). So I bought 50k today.
    4 Feb 2014, 01:56 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1110) | Send Message
     
    Mr. I, congrats on your new purchase. The recent pps action reminds me that this stock has a history of almost meteoric rises in short time intervals. The doubling in January, 2012 comes to mind, a time when there were no significant announcements. I wouldn't be surprised if we see a double before the prospects of a future financing come more into focus in a few months, especially if we get some kind of good news.
    4 Feb 2014, 02:14 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    New Axion Blog Entry:

     

    All Aboard! Next Stop, A Battery-Powered Future

     

    http://bit.ly/1k8vrnx

     

    A little warmed over NS-999 talk ... nothing new to us.
    4 Feb 2014, 01:59 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    Are you on board? Strange question to ask the public
    4 Feb 2014, 02:11 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    wth, over? the pr all but implies that somehow battery locomotives are actually going to *replace* ie do all the work of (not reduce,not augment, not assist) diesel locomotives for otr travel and that diesel fuel itself will eventually be made obsolete... as such it's just dis-informative hype, and dissappointing. anyone else read it that way?
    4 Feb 2014, 02:17 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Whenever you see an odd hot-link in a puff piece like that one it's a good thing to click. While the blog didn't provide much that we don't know, the Bombardier presentation on "Dual Mode and All Electric US Freight Line Locomotives does.

     

    http://bit.ly/1e17rtY

     

    I haven't chased down all the other links, but it's pretty clear that somebody is trying to send a message.
    4 Feb 2014, 02:20 PM Reply