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Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

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  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Like.+1
    5 Feb 2014, 09:06 AM Reply Like
  • RBrun357
    , contributor
    Comments (820) | Send Message
     
    Will today be another green day??
    5 Feb 2014, 09:12 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    So the question came up on the last thread about how many batteries Axion would have to sell to be at least break-even. I seemed to recall speculation that margins on PbC's were on the order of 25% and that the retail sale price is something like $350 each in bulk. Based on that, and assuming operating costs would be about $12M when the PbC lines are running hard, I estimated they need about $50M in sales each year to start turning a profit. That works out to about 140,000 batteries per year.

     

    Does that sound reasonable? I invite others to poke holes in that estimate. I suppose their specialty battery income would reduce the number a bit, but it gives some idea of where we need to get from where we are now.
    5 Feb 2014, 09:49 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    If ePower was the only customer we'd need to sell 2,500 kits a year into a rebuild market that overhauls 400,000 trucks a year. The only comparable data point I can think of is the Eaton parallel hybrid that sold 6,000 units in its first three years into a new truck market that runs at a rate of 150,000 to 200,000 trucks a year. It's way too early to predict what demand for ePower's series hybrid drivetrain might be, but I wouldn't be involved if I didn't think ePower was an opportunity to make a significant economic and environmental difference on a national and global level. If we're only doing 2,500 trucks a year three or four years from now I'll be gravely disappointed.
    5 Feb 2014, 11:04 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    I think if testing goes well for ePower and marginal costs of the units over a conventional rebuild are reasonable, it should be no problem to do far more than 2,500 units a year three or four years from now. My 1,000 guestimate was based more on what might be a "visible" projection for 2015 at the time when negotiations for the next round of financing will be happening.
    5 Feb 2014, 11:22 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    We're traveling through pea soup fog right now and won't have much visibility until we start getting feedback from the fleet operators. For our business to scale the way we want it to we really need to be a provider of overhaul kits rather than a rebuilder of tractors. Most of the big fleets run their own garages and do their own overhaul work.

     

    If we do a fuel economy demonstration with a fleet operator who comes back and says he wants to buy a half-dozen units for more exhaustive long-term testing, our counter proposal will be to have the fleet operator send us six tractors and three crews of mechanics. Then, instead of doing the rebuilds ourselves, we can do the rebuilds with the fleet owner's crews and teach them the process. That way if the operator has a problem with his test fleet or wants to expand the scope of his testing, he'll be in a position where all he has to do is order a kit from us and have his experienced crews do the installation.

     

    We recognize that no battle plan survives the first shot, but we believe this approach of incorporating training into our initial product sales can get us down the path much more quickly than we could ever hope for if we just did the work ourselves.
    5 Feb 2014, 11:31 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "We recognize that no battle plan survives the first shot"

     

    Agreed, the problem with the relevance of ePower for this upcoming financing is that if preliminary negotiations for a new financing are beginning soon in order for it to close by mid-summer or July, there is only six months until then.

     

    What are the initiatives that could provide meaningful visibility in order to allow effective negotiation? We are nine months from the last financing and we are publicly aware of nothing new other than vague references to two battery manufacturers, one $320K Bysolar installation, and developments at ePower which still does not have preliminary data or more than one truck built.

     

    Assuming Axion doesn't finally show something meaningful to negotiate against, how will this round be any different than the last?

     

    Please let me know if I am missing something.
    5 Feb 2014, 11:56 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    What you're missing is a clear understanding of timing. Preliminary discussions with investment bankers will no doubt commence in the next month or two; but pricing negotiations don't happen until shortly before an offering closes. If you want a great example of how the process works in practice, take a few minutes to review Plug Power's history.

     

    In early December PLUG was trading at $0.80 after a slow grind up from $0.12 in January of last year.

     

    After a price spike in December, Plug closed a $30 million underwritten offering of units consisting of one share of common and 0.4 warrants at a price of $3 per unit that went to market on January 10th of this year.

     

    http://1.usa.gov/1b2iwRo

     

    If I thought Axion would be going to market this month or next I'd be concerned about pricing because it's going to take a while to eat through the balance of the PIPE shares. As long as the market has a couple months to recover first, the last four years of stock price hell will be nothing more than a painful memory.

     

    It may sound crazy to you but my biggest fear is that the stock price will go too high too quickly, which might actually impair management's ability to negotiate a fair deal. Everything I've seen suggests that substantially all of Axion's float is safely put away in sock drawers by Axionistas who have some aggressive price expectations. Some of them will take profits along the way because some of them always take profits, but I'd much rather see a price in the $1 range than the $5 range when Axion goes for the next round of cash.
    5 Feb 2014, 12:26 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "I'd much rather see a price in the $1 range than the $5 range when Axion goes for the next round of cash."

     

    Now that made me chuckle. I would be fine with either, but I am having a hard time seeing .30.
    5 Feb 2014, 01:05 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    I'm curious what your expecations are in terms of price recovery in the next couple of months. I can only speak for one Axionista, and that his price expectations are very closely tied to a clear path to sales. If a revenue ramp is not clear by late summer, my price expectation would be somewhere in the low 0.20's, which would put us worse off than where we were for the last deal.
    5 Feb 2014, 01:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I don't have any price expectations because Axion's supply and demand imbalance was orders of magnitude greater than anything I've ever dealt with. I've published two Instablogs on my experiences with former clients that spent several months working their way through supply and demand hell.

     

    http://bit.ly/uzNPG2
    http://bit.ly/xHrjyl

     

    Relatively speaking my other clients taught me about the behavior of squirrel monkeys but they don't give me enough confidence to predict the behavior of Axion's gorilla. The only thing I can say for sure is the next few months will advance my education by leaps and bounds.
    5 Feb 2014, 02:07 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (2801) | Send Message
     
    John> If a retrofit uses mostly off the shelf parts and commercially available genset, engine, drivetrain, then isn't training customers to install these things according to what ePower has learned a recipe for potentially fleet owners cutting ePower out? If a large fleet owner's mechanics have experience installing these pieces then why even buy them from ePower, after ePower has simply packaged them along with its markup?
    5 Feb 2014, 04:11 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    RA, You have patent protection and if you have an agreement w/ your primary energy storage supplier you have a pretty good level of control over when and where your invention is applied.
    5 Feb 2014, 04:53 PM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    JP,

     

    Isn't the "too high too quickly problem" near moot since there are tons of PIPE warrants out there which will be in the money if we did go up 150% from here. And presumably they'd want to eat those bananas as quickly as they are unloading their last batch of 12M.
    5 Feb 2014, 04:56 PM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    Who wouldn't want $1+; I too don't see that happening for awhile though because of the warrant overhang. Heck, can we at least get to 15 cents.
    5 Feb 2014, 05:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The PIPE investors were willing to pound their shares out as quickly as possible because that's how they got their cash back. Warrants are an entirely different kettle of fish because they represent a five year free ride on the upside potential.

     

    Over the years I've had many clients that really wanted the money they would get if the warrant holders converted early. No matter how we begged and pleaded, nobody ever did an early conversion unless the warrant agreement included a *force* that let the issuer repurchase the warrant for a nominal amount if the market price was 300% to 500% of the exercise price.
    5 Feb 2014, 05:22 PM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    JP,
    I agree that a rational "investor" would wait but if we assume that they got their money back already then they should already use the "free ride" logic right now.
    But since the Short data tells us their still unloading even though its house money then I'd expect the same impatience once the warrants are in the money too. For all purposes the stock they have left right now isn't much different than being 8 cent warrants unless I'm missing something.
    5 Feb 2014, 06:24 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    JP, you also mentioned that the PIPERS "might" hold onto the shares that were free and clear after they got their money back....so, no I don't think they hold warrants IF they ever get in the money.
    5 Feb 2014, 06:37 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    My experience with these kinds of investors is they view stock as a cash equivalent asset that they're obligated to turn into cash as promptly as possible to get their return because they still have a meaningful cost basis in the remaining shares even after they've gotten all their cash back. The warrants generally have little or no cost basis to account for and the holders typically want to ride that horse for all its worth.

     

    There are always exceptions, but I'd be surprised to see the PIPErs exercise their warrants until the built in spread is too large to resist.
    5 Feb 2014, 06:40 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    I think this sums it up.

     

    http://bit.ly/I5Pgbb
    5 Feb 2014, 06:44 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    When I was a high-rate commercial lender, numerous deals had warrants as a kicker. Several factors went into our conversion decision, but never "they're a penny in-the-money so let's bail!" We let'm ride until we either needed to book the income (the accy rules may be completely different now, though) or they were substantially in-the-money.

     

    I don't presume to know what the PIPErs will do, but my strong guess is that they'll ride'm, too.

     

    I will say, though, that I agree that the warrant conversion timing is about the least of the issues an investor in AXPW should spend time contemplating. The price gets to 30 cents and you've tripled ur money from here.
    5 Feb 2014, 07:24 PM Reply Like
  • Valleywood
    , contributor
    Comments (846) | Send Message
     
    ngs, no hole-poking here but are you figuring PbC as stand alone BE? Axion is already providing cash flow to keep the doors open by making traditional batteries for EastPenn.

     

    If PbC can provide cash flow then the EastPenn cash flow will help provide black ink before PbC BE, though I can't imagine where that line would be. But it might be <100K units.
    5 Feb 2014, 09:57 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    VW. I'm figuring they need to make up the current $2m/qtr cash burn plus assuming ramped up production will add another $1m/qtr to operations. So, basically $12m/yr more than what they are making now to break even. It's a crude estimate, but somewhere in the ballpark. I am open to other interpretations.
    Even if they only need to sell 100,000 batteries/yr, it is a pretty big ramp up. Something like 1,000 ePower trucks, plus 10 power cubes, plus 10 yard slugs each year could get us almost there, but it will take a BMW or some other large buyer in addition to that to really put us over the top. The potential is certainly there, though.
    5 Feb 2014, 10:13 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    NGS - IMO, the one good thing is that if there was a concrete, visible trajectory towards BE, the price would respond long before Axion was actually breakeven.

     

    The question is - what is a concrete, visible trajectory in the battery biz nowadays?
    5 Feb 2014, 10:19 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    Stefan, I agree a visible trajectory will get us there before the actual sales. I'm just trying to get a feel for what sort of trajectory is needed to land our missile on the other side of the valley as opposed to in the river below.
    5 Feb 2014, 10:25 AM Reply Like
  • mrholty
    , contributor
    Comments (1135) | Send Message
     
    Nogood-

     

    I've often used the assumption that we will need to cover $8M in costs per year as a spot check. Previously I had been using that a PbC would sell for $350-$400 and have gross margins of 25%. That means on their own production they will make $87-$100/battery. Assume that growth will require most support staff be it a licensing deal or more staff that would not be part of COGS and assume they will make $75/battery. That means they need to sell 100k batteries annually or will be $40M in gross sales of PbC.

     

    My math is pretty close to yours above. To get the stock moving we don't need sales in the bank but we need news to get people to look at the stock.

     

    An announcement by BMW, NS of expanding fleet testing, will do what we need.
    5 Feb 2014, 11:17 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    I think you guys need to change the PbC price down to the $200 level. and will probably be much less as it scales into any volume. It's not going to scale at $300-400, IMO the last PC sale was prob in the $200 ish range and to get sales TG has to be more price competitive ...
    5 Feb 2014, 12:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I have no idea how you derived your price estimate, but I can assure you that Axion is not selling PbCs for $200.

     

    ePower is paying $20,000 for 56 batteries in the BCI 30H case, or $357 each.

     

    Axion's November 2013 press release said the batteries and racking were sold for $320,000. In the conference call TG said the order was 600 batteries, which works out to $533 per battery including racking.
    5 Feb 2014, 12:45 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (254) | Send Message
     
    at the Q3-2013 TG said:

     

    "A conservative view of the U.S. only market shows approximately 400,000 rebuilds per year. So with a retrofit to series hybrid at the time of conversion, the battery market opportunity at 56 batteries per truck is 22,400,000 batteries per year in the U.S. only.

     

    If Axion were able to obtain just 5% of that market, it would equate to more than $400 million in revenue. And that’s $400 million in revenue per year."

     

    5% of 22,4 mill batteries = 1,12 mill batteries.
    Divided up in 400 mill USD gives 356 USD pr battery (in large volumes!).
    5 Feb 2014, 01:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    Poul: With the margins truckers have had to live with for a while now, they'll need a volume discount, so your estimate ought to be right in the ballpark.

     

    HardToLove
    5 Feb 2014, 01:45 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    Poul, I think we can be pretty sure ePower is not going to capture 5% of the US truck rebuild market any time in the next year, no matter how well the testing goes. Maybe in 3 or 4 years, though.
    5 Feb 2014, 01:58 PM Reply Like
  • dance621
    , contributor
    Comments (204) | Send Message
     
    I found this string of comments really useful. Several different ways of calculating BE sometime in the future. In my head I will be remembering 100k batteries per year as potentially close to BE. Or about 30M revenue. Interesting to dig out these comments in a year or so and see where AXPW stands.

     

    PS nice to see limited pull back today from that late 10% jump at the end of Tuesday's trading.
    5 Feb 2014, 05:56 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Dance - "Interesting to dig out these comments in a year or so and see where AXPW stands."

     

    People have being saying that for multiple years now. Each year has been worse than the last.
    5 Feb 2014, 07:35 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    NGS: I hope it ends better than all that.

     

    xxxMM higher-margin electrodes to the end-user suppliers would be even better I think. Keep the higher-margin low-volume stuff in house for various purposes, including continued development, "tuning" for customers, ...

     

    HardToLove
    6 Feb 2014, 05:28 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    HTL, Two thumbs up.

     

    Do what you're good at and and let others do what they've been tooled up for and doing for decades.
    6 Feb 2014, 08:59 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    $30M would be about 1,000% revenue growth. In the next year, I'd settle for that 300% revenue growth that TG mentioned two years ago before taking it back a few months later. At least some sign of strong revenue growth before the next financing will be a very good thing.
    6 Feb 2014, 09:01 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I'd be more than happy with a clear path to that sort of revenue growth because the market is forward looking and gives companies like Axion credit for anticipated future revenues way ahead of time. There's no better example in the world than Tesla which trades at 10x current revenue because the market expects strong revenue growth.
    6 Feb 2014, 09:11 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Tesla is not an appropriate comparison. They actually have a sexy car that people can see and have a PR machine that works.
    6 Feb 2014, 09:32 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Tesla is the poster child, but the phenomenon is universal.
    6 Feb 2014, 09:40 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Interesting deal with Red Flow and Flextronics ....

     

    http://bit.ly/1b2eVmg
    5 Feb 2014, 12:07 PM Reply Like
  • Al Marshall
    , contributor
    Comments (631) | Send Message
     
    Not to blow my own horn, but if use the PbC cost estimating spreadsheet that is the last link before the comments start in the instablog, you can run your own calculations.
    If you use a price of $357/unit (the ePower price), and you plug in volume numbers in cell D59 (replacing the 50,000 unit number I have there) it takes 91,000 units for Axion to break even.
    All the numbers were meant to be conservative so the actual break-even point is probably a lesser number.
    While I agree that reaching break-even will be huge for Axion and will result in a big jump in share price, the interim, and probably larger step, will be when the market starts getting visibility into recurring orders in the tens of thousands of units.
    5 Feb 2014, 01:55 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1110) | Send Message
     
    Just thought I'd mention that the "like" function doesn't work at all for me. So assume that most of the posts on this discussion would get at least one more like. I doubt I'm the only one with this problem. --- BTW, I use Chrome, in case that's any kind of factor.
    5 Feb 2014, 02:11 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    WiO ... a solution to "Like" function issues that works for me was posted on another board (can't attribute true credit at the moment since unable to recall poster username). Place the cursor over "Like" and left click. Before moving the cursor, right-click and select 'reload'. It is time consuming but works for me.
    5 Feb 2014, 03:19 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    D-inv: if you pass that to SA support it might help their programmer(s) find the bug.

     

    HardToLove
    5 Feb 2014, 03:25 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    d-inv,
    Thanks for the reminder. I tried it just now and it works for me. Now if I can just figure out why I wasn't able to get on seekingalpha.com all day long? Did anyone else have problems getting onto seekingalpha.com today?
    5 Feb 2014, 11:35 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    Labtech: NP here in Burlington NC.
    6 Feb 2014, 05:30 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Since many of us tend to confuse timelines, obsess over a slow sales ramp and forget business execution triumphs, I've just posted a new Instablog that shows stock price, volume and liquidity trends since December 2009 and adds an overlay key to critical events. It's just one man's viewpoint and probably biased since I'm talking about my old team, but I think it does a decent job of putting a lot of things in clearer perspective.

     

    http://bit.ly/Lzfsj0
    5 Feb 2014, 02:25 PM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    Stockholders obsess over battery sales, or the promise of a path to sales, because without these things their paper losses will not only persist but likely widen. As an investment, Axion has spectacularly under performed even the most bearish prognoses over these past few years. Your relentless optimism is on some level admirable, but with the passage of time, has for many here undermined credibility. Troublingly, with another financing looming, it seems stockholders once again find themselves relying upon Axion to quickly land those mythical bouncy sales that management keep intimating are just around the bend.
    5 Feb 2014, 07:25 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Did you follow the link and read my new Instablog?
    5 Feb 2014, 08:26 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    Bought more shares today as I position for the PIPEnd.
    5 Feb 2014, 02:25 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Lower cost lithium ion battery recycling method revisited.

     

    VIDEO: Firefighters Tackle Blaze at Battery Recycling Facility in Walsall, UK

     

    http://bit.ly/1b2OEEg
    5 Feb 2014, 03:30 PM Reply Like
  • tahoe1780
    , contributor
    Comments (111) | Send Message
     
    Lithium "gum" : http://bit.ly/1b2PMI1
    5 Feb 2014, 03:40 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    A battery material and a mood enhancer. How cool is that?
    5 Feb 2014, 04:13 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Picking winners. If you're not one of the good ole boys.......

     

    Tiny Green Charge Networks “Peaker Plant” Saves Big Pile Of Cash

     

    "With $12 million in Department of Energy funding in hand and agreements signed with 7-11, Walgreen, and others, there must be something more to the Green Charge Networks GreenStation system than basic energy storage…right?"

     

    http://bit.ly/N4nnGK
    5 Feb 2014, 05:08 PM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    Yeah it would be nice if some of the 100M Axion has gotten over its lifetime made its way into better web design and a blog maybe.
    GCN is small fry but even their website makes them seem more big time than they are. http://bit.ly/1kXdUMU
    Sometimes, it feels like Axion has no sizzle thus the investment community assumes there is no steak.
    6 Feb 2014, 12:17 AM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    Surprising low volume today considering we all agree the PIPErs will be gone in March. =(

     

    I sometimes wonder if Axion has anyone beside SA readers who even listen or care about this little New Castle Company.
    5 Feb 2014, 05:09 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >bazooooka ... Potential customer know Axion exists. Mr. Market either doesn't know or care. Someone would have to be deep in the weeds of battery storage to know about Axion ... or a Teslador that knows Mr. Petersen has written an article using the magic word.
    5 Feb 2014, 05:35 PM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    Yeah, I do wonder if any other "investors" have a clue at all. Maybe JP needs to go to some more battery conferences and name drop our blog =)
    5 Feb 2014, 06:27 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Going to battery conferences gets expensive because most conference promoters want you to pay your own expenses in return for the honor of a place on their agenda. Occasionally they'll spring for coach airfare but I'm too old and spoiled to fly overseas in stowage. I don't mind sacrificing the travel time but standards, however minimal, are important.
    5 Feb 2014, 06:46 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    "... we all agree the PIPErs will be gone in March. =( "

     

    Improbable.
    5 Feb 2014, 05:23 PM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    So when you do you think the remaining PIPE shares will be extinguished (May, June)?
    5 Feb 2014, 07:39 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    "So when you do you think the remaining PIPE shares will be extinguished (May, June)? "

     

    With the revised repayment schedule agreed as reported on January 3 and $3,449,218 of principal and estimated interest remaining due as of January 28 (per S-1 filing), the PIPE payment obligations would continue into July without further change in installment schedule. Conversions/redemptions would drop in May to $375k from $625k in March and April.

     

    In light of senior convertible note text in section 3(c)(iii) stipulating "entries in the Register (of holders and principal amounts Notes and Restricted Principal held) "shall be conclusive and binding for all purposes absent manifest error" overwhelmingly convincing evidence would be needed to dissuade me from accepting that $3,449,218 is an invalid number for "Principal and interest remaining" as of January 28, 2014.
    5 Feb 2014, 08:30 PM Reply Like
  • bazooooka
    , contributor
    Comments (3662) | Send Message
     
    The $375K allotments wouldn't put too much pressure on pps if we still can average near 700k-1M+ shares a day by then, thus even by your read of things, the pressure should be demand based come May (even if there is some supply overhang). Or do you fear demand will falter or be fearful come Spring?
    5 Feb 2014, 08:47 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    D-inv> I fully understand your literal interpretation of the words in the prospectus. Unfortunately that interpretation cannot be rationally reconciled with the issuance of 83 million shares between March 2013 and January 2014.

     

    If the PIPErs' principal has only been reduced by $6 million, then there's no way in the world Axion could have issued 83 million shares to accomplish that feat. It's a mathematical impossibility given the terms of the contracts.

     

    Run the numbers yourself. They simply do not foot to your answer. I'm happy to have you prove me wrong, but you'll have to do it with facts and figures.
    5 Feb 2014, 09:07 PM Reply Like
  • greentongue
    , contributor
    Comments (973) | Send Message
     
    Can you imagine if Warren Buffet got wind of the profit from using Axion batteries on those huge wind farms he bought?
    5 Feb 2014, 07:04 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    What makes you think the illustrious WB doesn't have his eye on Axion . . . surely everyone knows that he gets all his ideas from SA!!!
    7 Feb 2014, 01:36 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I don't know about WB, but the reader demographics on SA are pretty amazing. This piece is several years old but it offers a pretty clear view of why I picked SA as the preferred platform for my blog.

     

    http://bit.ly/GTY4zP
    7 Feb 2014, 01:51 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    http://bit.ly/1g4Mvp8

     

    One more voice crying in the wilderness...
    6 Feb 2014, 04:37 AM Reply Like
  • michaelga
    , contributor
    Comments (35) | Send Message
     
    The IBD article had so many personal/ad hominum-style insults, it will be hard for many to take any factual info seriously. Why do people need to make those kind of statements?
    7 Feb 2014, 01:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    ePower has completed a modest update to its website that includes a good deal more information than the earlier version. Please remember that we're a small company with a limited budget for things like an Internet presence and be gentle with our work in process.

     

    http://bit.ly/1b4s6TL
    6 Feb 2014, 05:25 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    John: My eye is not particularly discerning, but I think it looks just fine.

     

    HardToLove
    6 Feb 2014, 05:36 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    John, it's a huge improvement. kudos. I did find one glitch, not sure if you're aware, but the homepage link to the power electronics "read more" seems to not work yet...
    6 Feb 2014, 05:45 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    That's not a glitch. It's just missing content. We're still working to flesh things out while the weather's keeping us off the road. The current site won't do over the long term but it's a clear improvement over the vintage version.
    6 Feb 2014, 06:03 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    The powerpoint rocks.

     

    An item that might bear re-looking at though (IMHO) is on the second to last slide where it's stated:

     

    "PbC batteries are maintenance free with extraordinary service life"

     

    I'm wondering if the term "maintenance free" might be a bit tainted in many people's minds, ie no one really believes it and so it is dismissed as puffery. Thus it might be beneficial to restate it more strongly using different words with perhaps a bit more elaboration as to the non-sulfating characteristics of the PbC. But maybe even just "truly maintenance free" might do it...
    6 Feb 2014, 06:14 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Absolutely a clear improvement. You have the thanks of a grateful (Axionista) nation... ;)
    6 Feb 2014, 06:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    We may have included too much information to begin with, but we believe it's critical to be open in our discussions of the things we know, the things we think and the questions we still have to answer.
    6 Feb 2014, 06:23 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Just so. To my eye it strikes a pretty nice balance. Overall it's a light-year advance. Many concentrators back, in response to much hue and cry, you promised to address the website in due course. And as promised, you delivered. I think it will help the cause greatly.
    6 Feb 2014, 06:31 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    As long as the weather was good the tractor was more important. When the weather turned foul it got much easier to focus on administrivia.
    6 Feb 2014, 06:35 AM Reply Like
  • User462699
    , contributor
    Comments (120) | Send Message
     
    OK guys, looks like you have a chance to invest in ePower if you earn more than $200,000 / yr individually or $300,000 / yr jointly or have a net worth of $1 M or more. Sure wish I met that requirement. Click on the "investors" tab to confirm.
    6 Feb 2014, 10:03 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Just digging in John, but looks good so far.

     

    From the PP on page 2 - Are these your preliminary numbers? Do you expect them to stay about the same or improve?

     

    Boosts fuel economy by 40% to 60%
    Half the cost of parallel-hybrid – payback in 10 to 26 months

     

    When is this offering set to occur? Or is it a shelf?
    Offering 1.8 million common shares at $1
    6 Feb 2014, 10:05 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The information on the investors page is available to all. We just can't accept money from folks who aren't accredited investors.
    6 Feb 2014, 10:06 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    I could meet that requirement if Axion would just shoot up to $3/share.
    6 Feb 2014, 10:30 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    To save me from a lot of reading, could you tell me what percentage stake of ownership in ePower those 1.8 million shares would represent?
    6 Feb 2014, 10:33 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    In addition to my questions above,

     

    Pbc Battery Pack 8,000 hours 4 years.

     

    Is this where you guys are warranty wise? Since this seems to be the first component with need of repair an increase to 5 or 6 years will significantly increase the value, no?
    6 Feb 2014, 10:47 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Stefan> Offerings of this kind run until they're sold out. Fact is we don't need a big whack of cash to keep building a small fleet one demonstrator at a time and that's the biggest use of proceeds by far. The battery life estimate is as much a negotiating position as anything else. Eight thousand hours in our tractor is probably equivalent to a decade of use in a less abusive environment. I won't be surprised to see Axion come in with a lower warranty number as the operating data gets more granular.
    6 Feb 2014, 11:12 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Overall, very nice improvement from the last website version. Looking forward to reading the subscription agreement and summary offering memo in detail.
    6 Feb 2014, 11:15 AM Reply Like
  • 42itus1
    , contributor
    Comments (232) | Send Message
     
    >John Petersen,
    Site attempts loading, see a flash of the home page then blank except facebook/twitter/print...
    It is not the link as I have tried manual epower .com address as well. this problem is when trying to access using CHROME. When using IE, no problem. May be me and I'll keep playing with it (trying to access the site).
    6 Feb 2014, 11:35 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Now you're really getting out of my depth 42itus1. Back in the day it took a five-year old to program the VCR. Today I don't think anybody above the age of 25 knows how to manage a website. It's loading just fine in Safari and Firefox.
    6 Feb 2014, 11:41 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Nice John. For me it was just as important to get the old dated information replaced as well.

     

    I'd still prefer the truck on the road though! Sure wish we could give the Cali. folks some of this moisture.
    6 Feb 2014, 11:45 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I understand. Heck, we'll be lucky to hit 65º today.
    6 Feb 2014, 12:11 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    My phone says 66 degrees ...
    6 Feb 2014, 12:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    So does mine, but the air still has a raw chill to it.
    6 Feb 2014, 12:34 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    John, Can you talk a little about ePower's intentions for "Optional use as mobile power supply"?
    6 Feb 2014, 01:16 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It's been designed into the system so that a tractor could, for example, haul a load of water to a disaster area and then be used as a temporary 120 kW genset upon arrival, but it's not a feature we're focusing on because the big market hauls freight day in and day out.
    6 Feb 2014, 02:45 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    OK, Thanks John.
    6 Feb 2014, 02:47 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (3662) | Send Message
     
    "modest update" is putting it modestly.
    6 Feb 2014, 06:10 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1591) | Send Message
     
    damn, I still can't 'like' comments . . . kudos, John and to your team, too!
    7 Feb 2014, 01:36 PM Reply Like
  • Amouna
    , contributor
    Comments (1995) | Send Message
     
    JP,

     

    I went on ePower Engine Systems new website and wanted to congratulate you on a job well done! Now the site looks a lot more professional than what it used to be and hopefully will grab the attention of prospective customers.

     

    Cheers,
    A
    6 Feb 2014, 06:40 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Jay did the lion's share of the work on the website and my contribution was relatively minor. The linked documents, on the other hand, were largely my work product.
    6 Feb 2014, 06:46 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    ARCA in at OFFER $0.114 @ $0.1025 when best was $0.1151.

     

    S/b some cheap shares if ARCA doesn't come on the bid too.

     

    HardToLove
    6 Feb 2014, 10:33 AM Reply Like
  • tahoe1780
    , contributor
    Comments (111) | Send Message
     
    Electric locomotive to be unveiled: http://nbcnews.to/N8F0Fq
    6 Feb 2014, 10:59 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Guaranteed to use lithium ion.

     

    And be VERY expensive.

     

    D
    6 Feb 2014, 12:30 PM Reply Like
  • mrholty
    , contributor
    Comments (1135) | Send Message
     
    I don't believe there are any batteries on these. Any electrical converted from regenative braking will be fed into the grid is what I had read. (So in reality it will burned off).

     

    Looks green, but isn't.
    6 Feb 2014, 01:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    R.A: Here's one we can see - ATDF bids $0.1096 (best was $0.1091) by 100K.
    Let's see if it goes as a chunk or gets granulated.

     

    HardToLove
    P.S. ARCA offers 10K @ $0.1101.
    6 Feb 2014, 12:22 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Someday maybe.

     

    Phinergy partners with Alcoa to commercialize its aluminum-air batteries

     

    http://bit.ly/1ivdJr7
    6 Feb 2014, 01:35 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "GTM Research likens the current commercial energy storage market to the U.S. solar market of 2005."

     

    Interesting ...

     

    http://bit.ly/LC4KZj
    6 Feb 2014, 02:02 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    Anybody notice the apparent type of shares be offered at $0.907 on the 1/31 filing that was e-mailed?

     

    I presume it's a type and something will be filed to amend it?

     

    HardToLove
    6 Feb 2014, 02:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Axion's January 31st filing was a registration statement for the PIPErs resale of common shares they get on conversion of their debt or exercise of their warrants. The $0.0907 figure you recall was simply an estimate of the selling price for purposes of calculating the SEC's registration fee.

     

    The nature of the registration statement is one of the things that makes it so confusing. Axion's sale of securities to the PIPErs was a private offering, which means the PIPE debt and the underlying stock are restricted securities that can't be resold by the PIPErs unless the resale transactions are registered under the Securities Act. That's what the January 31st filing does.
    6 Feb 2014, 03:02 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    Noticed it, HTL, if you are talking about the closing price reported on OTCQB mentioned on page 13. Looks like a typo. On the preceding page the price given is $.0907.
    6 Feb 2014, 04:32 PM Reply Like
  • geopark
    , contributor
    Comments (332) | Send Message
     
    Another approach to Class 8 truck fuel efficiency. My favorite feature is the bent license plate.

     

    .http://bit.ly/1jiML9b
    6 Feb 2014, 02:31 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "On a cross-country trip, AirFlow achieved 13.4 mpg, barely behind that of full-size pickup trucks.

     

    And the BulletTruck did so with a payload matching that of the SuperTruck, around 65,000 lbs. This was no dry run, either--it was a revenue-producing, freight-hauling trip from Connecticut to California.

     

    When you look at the truck, it isn't hard to see where most of the gains come from: Aerodynamics."

     

    whoa, 13.4 mpg.

     

    John, since most of the gains appear to be from aerodynamic, would they be accretive to the gains of the ePower kit?
    6 Feb 2014, 02:42 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    ePower hasn't done much with respect to aerodynamics, light-weighting, low rolling resistance tires 2x6 drive or the other efficiency enhancing technologies described in this 2012 report from the Carbon War Room.

     

    http://bit.ly/1aBO9Q

     

    They'd be accretive to efficiency but make it harder to evaluate the economic benefit of our hybrid drivetrain.
    6 Feb 2014, 02:53 PM Reply Like
  • Articula
    , contributor
    Comments (283) | Send Message
     
    No mentions of ROI in that piece, I'm guessing it would be mega expensive to produce that bullet-truck at the moment. Given that - its a really interesting concept.
    6 Feb 2014, 03:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    Stefan: "barely behind that of full-size pickup trucks"

     

    Saw a CNBC spot this A.M. where Via motors is doing a Volt-like conversion on P.U.s that gives them 100 mpg equivalent.

     

    So those arrow trucks will have to add some ePower conversions to "Keep up the the Joneses", literally. They're targeting fleet sales.

     

    HardToLove
    6 Feb 2014, 03:03 PM Reply Like
  • ARGE
    , contributor
    Comments (724) | Send Message
     
    Well they are looking for investors too.
    http://bit.ly/1ba6eWY
    Interesting site, the guy who runs the company had a 10.5 mpg truck in '83, using airflow and APU.
    7 Feb 2014, 04:19 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    improving aerodynamics is great as long as there is no wind or if its head on. unfortunately the wind does not coordinate with the highway system and the real problem is crosswinds. all that side skirting becomes resistance in a crosswind.

     

    aerodynamics is important above 50 mph but the real gains will be in the drive train and capturing the kinetic energy when braking (IMO)...
    7 Feb 2014, 11:27 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (254) | Send Message
     
    Another new battery technology:

     

    http://bit.ly/1jiPS0E

     

    "Replaces Li with Na".
    6 Feb 2014, 03:03 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I think it's probably more accurate to say "Another new battery concept" because it doesn't look like they're as far down the path as Axion was in 2003.
    6 Feb 2014, 03:18 PM Reply Like
  • greentongue
    , contributor
    Comments (973) | Send Message
     
    Wasn't BlackRock an Axion investor at one time? If so, then I wonder if they are following the Bysolar projects?
    http://on.mktw.net/LCein1
    6 Feb 2014, 03:07 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It looks like we have a new board member with an impressive marketing, business development and venture finance background.

     

    http://yhoo.it/1gR0x2o
    6 Feb 2014, 04:07 PM Reply Like
  • geopark
    , contributor
    Comments (332) | Send Message
     
    The description of Mr. DiGiacinto's experience looks great:

     

    "We feel his previous experience in sales, marketing, business development and general management . . will be an especially valuable asset to us at this juncture . . "

     

    Sales, Marketing, Business Development . . what's not to like? I'll happily go on record and "It Might as Well Be Spring" as this is the second sparrow to arrive (first was Mr. Granville's letter/data release).
    6 Feb 2014, 04:25 PM Reply Like
  • geopark
    , contributor
    Comments (332) | Send Message
     
    and:

     

    "Mr DiGiacinto served as a pilot in the US Air Force with the rank of Captain from 1975 to 1981, and graduated from the United States Military Academy at West Point with a Bachelor of Science degree in engineering and the humanities. He lives in western Pennsylvania."

     

    So to his experience add Pilot, Captain and West Point.

     

    more than one sparrow IMO.
    6 Feb 2014, 04:32 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    After reading the curricula vitae I think there's an excellent probability of seeing some acceleration in activities normally seen in commercial enterprises.

     

    I also think chances of another PIPE moved nearer to zero regardless of electric fence experience.

     

    Half the darn battle sometimes will be in the arena of "Who You Know" - the new man should help in that area for marketing and financing.

     

    MHO,
    HardToLove
    6 Feb 2014, 04:43 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2232) | Send Message
     
    Former Air Force Pilot... Looks like Tom has a good asset.
    6 Feb 2014, 05:36 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    OR, Someone you can relate to perhaps! :-D
    6 Feb 2014, 05:44 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    Very impressive credentials. Seems to offer good connections and strengths in areas where currrent Axion management has been weak. My optimism has been ratcheted up a notch.
    6 Feb 2014, 05:46 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Just in case anyone hasn't seen this yet, looks like Axion has a new board member who specialize in financing and acquirement.

     

    http://yhoo.it/1gR0x2o
    6 Feb 2014, 04:09 PM Reply Like
  • jpau
    , contributor
    Comments (960) | Send Message
     
    Does it seem odd to graduate the Army's military academy but serve 6 years in the Air Force? There has to be more to that story.
    6 Feb 2014, 08:42 PM Reply Like
  • Al Marshall
    , contributor
    Comments (631) | Send Message
     
    It's not common but it is an option for grads. My college thesis adviser was a West Point grad who also chose to serve in the Air Farce.
    6 Feb 2014, 10:56 PM Reply Like
  • jpau
    , contributor
    Comments (960) | Send Message
     
    Thank Al
    7 Feb 2014, 06:51 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Why does everyone always beat me by a minute or two when I'm posting these things! ;-)
    6 Feb 2014, 04:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    LabTech: Because we're not encumbered by laborious and meticulous lab protocols - we just sling it at the wall and hope it sticks!

     

    ;-))

     

    HardToLove
    6 Feb 2014, 04:45 PM Reply Like
  • Amouna
    , contributor
    Comments (1995) | Send Message
     
    The appointment of David to the Board is very welcome news with me indeed. He has a great CV IMO...
    6 Feb 2014, 04:33 PM Reply Like
  • dlmca
    , contributor
    Comments (402) | Send Message
     
    Hoping "Dave" is an AXPW and shareholders man first - and not another of TG's men on the Board

     

    Time will tell

     

    Do like many of the qualifications confirming the direction we all see is ahead
    6 Feb 2014, 04:50 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I don't know where this crazy idea of "TG's men on the board" came from but it's baseless. In fact it's 180º out of synch with the truth.

     

    Howard Schmidt has been a client of mine since 1992 and I used him as my primary due diligence resource before agreeing to get involved in Axion. A couple years later I talked Howard into accepting his board seat.

     

    Mike Kishinevsky was legal counsel for the Russian scientists who did the original development work on the PbC before Axion existed and Mike was appointed to his board seat as part of the original deal with them.

     

    Walker Wainright was a 2006 investor in one of our offerings and he served as financial advisor to two funds that invested a couple million dollars. Walker was appointed to the board as a representative of those investors.

     

    Chuck Trego was a former Axion CFO that Tom hired, but the other three directors are independent as hell.

     

    If you ever have questions about things like this all you have to do is ask. After all, a smart question is always better than an inaccurate assumption.
    6 Feb 2014, 05:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    Monday's, 2/3, EOD blog stuff. FINRA has me behind the eight ball and it's looking like summer before they become really reliable *and* timely. <*sigh*>

     

    Anyway ...

     

    02/03/2014: EOD stuff partially copied to the concentrator.
    # Trds: 224, MinTrSz: 100, MaxTrSz: 130000, Vol: 2994364, AvTrSz: 13368
    Min. Pr: 0.1001, Max Pr: 0.1190, VW Avg. Tr. Pr: 0.1038
    # Buys, Shares: 115 1665296, VW Avg Buy Pr: 0.1040
    # Sells, Shares: 102 1266068, VW Avg Sell Pr: 0.1036
    # Unkn, Shares: 7 63000, VW Avg Unk. Pr: 0.1034
    Buy:Sell 1.32:1 (55.61% "buys"), DlyShts 1411565 (47.14%), Dly Sht % of 'sells' 111.49%

     

    This is the second consecutive day of what I think is selling into strength with continued strengthening ...

     

    Today's low, high, VWAP, trade volume, and daily short sales moved 8.80%, 5.31%, 4.14%, 15.15% and 23.70% respectively. Price spread today was 18.88% vs. 22.83%, 8.69%, 10.25%, 1.43%, 13.00%, 4.73%, 44.79%, 14.26% and 31.25% on prior days.

     

    There were three trades that were notable: $0.1001 x 10K (the only one near there – next lowest was $0.1010) and $0.1190 for 750 and 3K shares. The next highest was $0.11 and had quite a few trades and some volume. Removing these three trades moves the low and high changes to 9.78% and -2.65% and the spread narrows to 8.91%.

     

    There were 47 larger trades, 20.98% of 224, for 1,762,492 shares, 58.86% of day's volume of 2,994,364. Buys were ...

     

    We had an odd trade at 14:20:16 when 20K went at $0.1040 when there was no bid or ask at that price.

     

    46 of 224 trades, 20.54%, were >= 15K today and one was 130K. They represented 58.43% (vs. yesterday's also large 50.17%) of the day's volume and had a VWAP of $0.1041, above the $0.1034 VWAP of the ~1.245MM shares traded in smaller blocks. They had buys of ...

     

    ... We traded completely above my descending resistance, still ~$0.098 AFAICT, at a low of $0.1001 (and that was just one trade). We also had some trading above my long-term descending resistance of ~$0.1097 today, but closed below it at $0.1002. Other than the ...

     

    Still not getting all giddy here. I'm just too TFHish regarding the PIPErs and ARCA on the bid behavior.

     

    The average of the lowest 20 VWAPs times 80% today is $0.0779 vs. $0.0779, $0.0780, $0.0783, $0.0787, $0.0792, $0.0797, $0.0801, $0.0805 and $0.0806 on prior days. 80% of today's VWAP is $0.0830 vs. $0.0797, $0.0757, $0.0731, $0.0727, $0.0740, $0.0758, $0.0750, $0.0798 and $0.0797 on prior days.

     

    More details and comments in the blog here.
    http://seekingalpha.co...

     

    HardToLove
    6 Feb 2014, 05:25 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Mr. DiGiacinto's bio is a good deal more impressive in Axion's 8-K filing than it was in the press release:

     

    http://1.usa.gov/1bzFA7Q

     

    He obviously has significant political clout in Bethlehem PA, and has affiliate consulting agreements with " COLMAN Group and Oriel Stat A Matrix." A web search for the Coleman Group took me here" – http://bit.ly/1bzFAo4

     

    I have no idea whether this is the right Coleman Group since my search turned up several companies with that name, but it's fun to dream a bit.
    6 Feb 2014, 05:30 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Found this.

     

    http://bit.ly/1evIjSu
    6 Feb 2014, 05:52 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Wow!

     

    APH should put that link in the header!

     

    Thanks, ii! Ever the sleuth!
    6 Feb 2014, 06:00 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    >iindelco "Customers will buy and appreciate if they gain the confidence of their suppliers and they see a product, operational organization, and management team which can execute consistently and successfully."

     

    -Hallejuhah
    6 Feb 2014, 06:05 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    I'm taking the Stefan ferry and saying, OK great. Now sell some &*^%$$#@ batteries!!

     

    EDIT: Make it rain PowerCubes!
    6 Feb 2014, 06:09 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Drat! I was really hoping for the Morgan Stanley Unit but the additional color from the bio Iindelco dug up is even more fun than the 8-K. It's looks like we have a solid addition to the board.
    6 Feb 2014, 06:10 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Patrick, I was smiling like a Cheshire cat when I read that as well!
    Looks like we got a rock star to replace the rock star we lost in Bob Averill. Just so happens that Mr. Averill was probably more of a contributor during the R&D phase and we sure could use the new directors bag of tools now. Not that Mr. Averill didn't help out in a big way a few times when Axion needed some financial help.
    6 Feb 2014, 07:23 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "Achievement of strong financial returns for the investor was the most important measure of success. For this reason, Mr. DiGiacinto served on the Board of Directors of several client companies, both public and private. He also held roles as Audit and Compensation committee chair on some of those Boards."

     

    The most important measure of success. Nice.
    6 Feb 2014, 10:11 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    PY - I have some dollar bills, lol.
    6 Feb 2014, 10:11 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    Stefan, I'd love to hear the backstory here, in TG/the BOD's words. Reading thru iinde's bio link, I see one plausible storyline: help a company that needs help then sell them. Sounds extremely good to me.

     

    "... The ultimate goal was to progress the company to become a leader in a particular technical or market segment, then move it towards a potential liquidity event (acquisition, merger, or IPO).

     

    ...one of those portfolio companies which was publicly traded on AMEX, Minrad International, Inc., experienced some difficult periods of financial stability to the point where the Board was forced to make a change in management structure. In 2008, Mr.DiGiacinto initially became President and Chief Operating Officer of Minrad in charge of running the day-to-day operations. On January 1, 2009, Dave became the new Chief Executive Officer.

     

    The financial and organizational situation at Minrad required a makeover. A $40 million debt financing was accomplished during an extremely difficult fundraising environment... Mr.DiGiacinto refocused and restructured the company to one primarily producing and generating cash from three inhaled anesthesia products.
    Through a very challenging financial period, the company was able to stay solvent, move through a rather intense sales process, and eventually enter into a Definitive Merger Agreement with an International Healthcare Company out of Mumbai, India.

     

    Approximately 6 months after that sales transaction, Mr. DiGiacinto took on the P & L responsibility of a $200mm private label pretzel and snack food company, managing the day to day operations...This business was successfully sold to ConAgra Foods, Inc., after 2 years of organizational redesign, and operational improvements which led to very strong earnings."

     

    Hel* yeah! Take me to the bridge, Dave!
    6 Feb 2014, 11:47 PM Reply Like
  • thotdoc
    , contributor
    Comments (1958) | Send Message
     
    Honestly, I do not believe that the man described here would board a sinking ship. There is too much responsibility gained by being on the Board of a sinking ship that is NOT made up for by some shares and fees.

     

    This is great news.
    7 Feb 2014, 04:06 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    Like.
    7 Feb 2014, 05:08 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    CODA Energy Receives UL 1973 Safety Certification for a Commercial Energy Storage System

     

    Complete safety validation will reduce installation periods from weeks to hours

     

    By CODA Energy
    Published: Tuesday, Feb. 4, 2014 - 6:12 am

     

    http://bit.ly/LCzFEK

     

    "While inverters coupled to energy storage systems are often certified to UL 1741, few manufacturers have subjected complete energy storage systems to UL 1973 testing at the system level. This discrepancy often delays the local permitting and utility interconnection process, and represents a significant barrier to energy storage deployment.

     

    ...

     

    The CODA Core™ combines advanced lithium-ion batteries (LiFePO4) with inverters, battery management software, and an optional environmental management system for harsh climates. "
    6 Feb 2014, 05:33 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    in the words of Rod Tidwell, "Show me the money!"
    6 Feb 2014, 05:50 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    BOD addition looks good. Pfizer, ooh la la.
    6 Feb 2014, 06:01 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    (OTCQB:AXPW): fFour AH trades - very unusual. However, ADVFN flags them as "seq", which means they were likely trades from earlier that were out of sequence.

     

    Regardless, here they are.
    $0.1090 1,000 only one other trade, 25K, at that price 11:32
    $0.1121 95,200 & 4,800 only one other at that price, 14,999 @ 10:32
    $0.1130 5,000 & 3,000 quite a few at this price, throughout the day.

     

    For those that follow the FINRA data, these are not reported as being in normal hours and will not appear on the daily short sales summary tape. so today's FINRA-reported trade volume of 665,900 goes to an actual 774,900.

     

    HardToLove
    6 Feb 2014, 06:51 PM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (133) | Send Message
     
    From today's PR

     

    "Mr DiGiacinto served as a pilot in the US Air Force with the rank of Captain from 1975 to 1981, and graduated from the United States Military Academy at West Point with a Bachelor of Science degree in engineering and the humanities. He lives in western Pennsylvania"

     

    I'm confused bacause Bethlehem where they use to make stel is not in Western Pennsylvania

     

    wiki Bethlehem is a city in Lehigh and Northampton Counties in the Lehigh Valley region of eastern Pennsylvania, in the United States

     

    Local's use to pronouce it Bedlem.
    6 Feb 2014, 07:09 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    ""Mr DiGiacinto served as a pilot in the US Air Force with the rank of Captain from 1975 to 1981, and graduated from the United States Military Academy at West Point with a Bachelor of Science degree in engineering and the humanities. He lives in western Pennsylvania"
    I'm confused bacause Bethlehem where they use to make stel is not in Western Pennsylvania...."

     

    Speaks to quality of Axion PR output.
    6 Feb 2014, 07:34 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    We have relatively significant news about a new board member and complaints are lodged about the location of the city this guy is from? I welcome objection to this, but in my opinion, that is completely and utterly inconsequential. I'm far more interested in qualifications and competence than if some PR correspondent got the location of Bethlehem correct. At least they didn't claim it was in Palestine.

     

    Edit: I don't mean to over-react. I'm guessing it was genuine interest. But it just doesn't strike me as important. There's no need to take a shot at PR efforts.
    6 Feb 2014, 07:53 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1110) | Send Message
     
    "There's no need to take a shot at PR efforts."

     

    I tried about a half dozen times to give this a "Like" with the click and reload method, but was unable to make it work (it has in the past). But I so agree with the above comment, that I thought I'd "Like" with this reply.

     

    I'm highly encouraged by this new development, which gives me the impression Axion management is aware of their need to shore up their marketing and financing skills. Who knows, given the impressive credentials of Mr DiGiacinto, Axion may be looking at a future CEO candidate.

     

    "Dave closely worked with company management on activities such as accomplishment of their performance milestones..."
    6 Feb 2014, 09:38 PM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (133) | Send Message
     
    Better

     

    The inference is that he lives near by. Maybe he lives in New Bethlehem PA which is 68 miles from Axion. If he lives in Bethlehem Pa, where they use to make steel, then he lives 328 Miles / 527 Km
    5 hours 10 mins away from Axion and Longer in a snow storm. Maybe he lives in neither.
    I'm Long AXPW

     

    I've never had a problem doing 90mph + near the bottom of the hill to get the momentum to make it up some of those five mile grades at 85mph on route 80 as long as I backed off to 75mph at the hill crest.
    6 Feb 2014, 10:14 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    :-) We appear in agreement on the "relatively significant" nature of expanding the board and that new board member's qualifications. OTOH, putting out a press release containing inaccurate information about that board member could well raise the question in minds of some investors as to just how significant the development is seen by Axion, how carefully the appointee was vetted, and/or how well the company is run.

     

    It may well be that "no publicity is bad publicity" is a valid judgment for celebrities in some fields of activities, but I hardly think executives of Target Corp. and other successful companies feel the adage applies to them. The scope of disparity that exists between the PR and the 8-K filed about appointment of Mr. DiGiacinto to the board does not reflect well on Axion. Axion management would do well to "up their game" on the PR front.
    6 Feb 2014, 10:50 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    D-inv,

     

    I feel like if Axion announced a four million dollar sale tomorrow, you'd be the only one to find a negative in it. lol The fact is that it's just not that important where he's from and I hope management is more focused on business than ensuring that our PR branch doesn't make a typo. It's not like they tried to tell me this guy was the next Elon Musk and he's just my next door neighbor. It doesn't matter. Stop nit-picking. If an honest mistake about the location of a board member's residence keeps you from investing in a stock, then you didn't know why you were investing in the first place.
    6 Feb 2014, 11:05 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    Snowboard,

     

    I understand the curiosity and find no fault with it, but anyone who is going to accept a board position will make himself available to that company... so in my mind it's a moot point. Interesting academically maybe, but insignificant from an investment standpoint.
    6 Feb 2014, 11:08 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    WiO,

     

    Exactly. This move speaks volumes to me about the company's self-awareness. They need to start becoming a commercial entity. As an engineer, I appreciate doing something because it's "cool" and we can do it. But the PbC is only "cool" insofar as it makes Axion money. And this move says they get that.
    6 Feb 2014, 11:11 PM Reply Like
  • Al Marshall
    , contributor
    Comments (631) | Send Message
     
    WIO: I had the same thought about Mr. DiGiacinto as a future CEO candidate. I can't tell you how common it is, but you do occasionally see this happening. If true, it would appear that this is a case of "friendly" succession planning.

     

    Regardless, this new addition seems like a very positive thing to me and also a credit to the company that it can attract a person of such accomplishment.
    6 Feb 2014, 11:14 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    :-) isthisonebetter, perhaps you should read my comments again. You might realize they addressed accuracy of information in Axion PR output. Where the new board member resides was mentioned by another APC contributor I quoted and merely illustrative object to the thrust of my remarks. Incorrect information is hardly typographical error. It speaks to competency of staff and management, a relevant consideration in investment decisions.
    7 Feb 2014, 12:47 AM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    I probably didn't make my point clearly, not that you'll agree once I do but so everyone else understands: it's not worth their time to make sure Bethlehem is in western PA. It turns out not to be. They got the main points right. My management team should be managing other business, not worrying about where Bethlehem is located.

     

    P.S. You can stop starting your responses to me with a smile. It comes across satirical and I don't appreciate being belittled... Not to make things personal. Just thought you ought to know how it's perceived.
    7 Feb 2014, 06:57 AM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (133) | Send Message
     
    Better

     

    Most likely he has a Cessna that he can fly from Bedlem to New Castle.
    7 Feb 2014, 08:02 AM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    Think he's willing to give me a lift?
    7 Feb 2014, 08:28 AM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    isthisonebetter ... No offense intended with the :-). Your point has been expressed clearly each time you have addressed the press release, BUT you appear bound and determined to misconstrue and attribute to me expression of a concern that did not and does not exist.

     

    It does not make a damn bit of difference where the new board member lives and I never suggested it did. Your persistence in alleging otherwise has made it clear your criticism is of me, not the substance I addressed.
    7 Feb 2014, 11:00 AM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    "OTOH, putting out a press release containing inaccurate information about that board member could well raise the question in minds of some investors as to just how significant the development is seen by Axion, how carefully the appointee was vetted, and/or how well the company is run."

     

    Sounds like it matters to you. I don't think that mistake is a reflection of managements due diligence on their new hire and you suggest that it may be for some investors. I don't see it as a legitimate concern but I'll concede it may be for others and some may wish to factor that into their investment decision. They're entitled to consider it as a reflection of management if they find it material. Nothing personal. I'll drop it now.
    7 Feb 2014, 01:30 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    And D-inv, I don't know you well enough to dislike you as an individual. So you're safe there ;)
    7 Feb 2014, 01:42 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1292) | Send Message
     
    isthisone, you keep missing his point. He is not saying it is a reflection on anything to do with the new board member. Just that is is an example of the sloppy PR we have come to know and love.
    7 Feb 2014, 02:28 PM Reply Like
  • froggey77
    , contributor
    Comments (3147) | Send Message
     
    Well if anybody checked the link that IIndelco found:
    It states Bethlehem. PA several times.
    Not an Axion error.

     

    "Mr.DiGiacinto is also a current Bethlehem City Councilman. He has served on five different committees and participates in other city government programs. Mr. DiGiacinto is running for Controller for the City of Bethlehem, PA, in this November election. He is also actively involved in numerous civic and non-profit organizations in his hometown of Bethlehem, PA. "
    8 Feb 2014, 08:50 PM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    froggey ... info you quote from iind's link is consistent with Axion's 8-K filing with SEC. Axion's PR on the matter puts the man's residence and consulting work in Western PA when Bethlehem is in Eastern PA.
    8 Feb 2014, 10:32 PM Reply Like
  • JohnM121
    , contributor
    Comments (500) | Send Message
     
    Regarding Accredited Investors, I suspect e-power would take this approach rather than review bank statements itself:
    "The issuer has obtained a written confirmation from a broker-dealer, a registered investment advisor, a licensed attorney or a CPA that such person has taken reasonable steps to verify that the purchaser is an accredited investor within the prior 3 months and determined that such purchaser is an accredited investor"
    http://bit.ly/1lEASw3

     

    Did someone bring a dog to the Axion meeting?
    http://bit.ly/1lEBgKX
    6 Feb 2014, 09:51 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    yes ... as I recall, a very nice german shepard too.
    6 Feb 2014, 10:07 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    should have sicced him on the pipers.
    Appears Mr. Digiacinto will bring some nice experience to the board.
    6 Feb 2014, 11:44 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Stefan. Was he trying to sneak a peak at the carbon sheeting process of the negative electrode line. If so he's one or us.

     

    Metro, A vision I can live with! :-D
    6 Feb 2014, 11:51 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    or at least had him pee on their car tires.
    7 Feb 2014, 12:10 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    We've found that most accredited investors would rather provide a confirmation letter than share their private tax, brokerage and banking documents. When the SEC first started talking about requiring more than a check box representation from investors many were worried that privacy concerns would be a major impediment. I think the confirmation letter option is a wonderful solution to what might otherwise be a thorny problem. That's why our agreements contain a form of confirmation letter.
    7 Feb 2014, 07:51 AM Reply Like
  • ARGE
    , contributor
    Comments (724) | Send Message
     
    German Shepard,
    wasn't this guy was it?
    http://bit.ly/1o29rLn
    7 Feb 2014, 04:41 PM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    Sodium ion batteries....

     

    Aquion is working with a sodium magnesium oxide chemistry.

     

    In a sodium ion based battery, the sodium ions are larger and heavier than lithium ions, by a factor of two. Such means that
    the commonly found graphite used as an electrode material in Li-Ion batteries cannot be used in a sodium battery. A new electrode material is needed to be found as a replacement for this graphite.

     

    Without a suitable electrode material, cycle life is very low, on the order of maybe 50 cycles. Some experiments report a maxiumum cylce life of less than ten cycles. Vanadium has been tested in the lab as an electrode material, which reportedly can boost the cylce life to over 500 cycles, but at a reduction in battery capacity to about 85 percent.

     

    Overcoming severe volume expansion of the electrodes (expansion increases of over 5 times) during charge/discharge is also a challenging problem.

     

    The lower energy density and operating voltage of the element sodium as compared to lithium means that it currently would not be suitable for consumer electronics nor electric vehicles. At present, it is being seen as most suitable for larger scale grid storage. However, the total battery life expectancy would have to be long enough to be able to cycle enough to last for at least ten years in the field.

     

    Some research indicates that the sodium ions are best able to travel from electrode to electrode at temperatures greater than 130 celsius. Such would mean that some form of temperature control for the battery to function best may be required.

     

    Research on sodium-ion as a battery material began about the same time as the research on Li-Ion as a battery material. That was in the early 1970s, but it was quickly decided that Li-Ion offered far greater promise.
    7 Feb 2014, 01:25 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    393748,
    Appreciate your contribution to the board.
    7 Feb 2014, 05:59 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Guyz, apologies in advance if this is old hat... but I was just reviewing the Axion investor presentation... it's still dated 2013, but I found this statement (slide 25; Axion Recent Developments), that I'm not sure we'd seen in exactly the same form before:

     

    "Began Initiative with Large Off-shore Defense Contractor on
    Multiple Projects Worldwide"

     

    Large Off-shore Defense Contractor? Like KBR
    (for instance)? Multiple projects? Had we seen that before? Again, sorry if false alarm...

     

    But I keep thinking back to that recent video-- "steep ramp in topline" was it?
    7 Feb 2014, 02:19 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    48,
    I saw that as well in the presentation, but since TG didn't speak about it on the last CC, I took it as an initiative that is in the works but not something that is going to yield sales in the near term. IMHO
    7 Feb 2014, 10:35 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    Methinks it has something to do with PrincetonPower: look at their "featured customers"
    http://bit.ly/1gaAvTa
    7 Feb 2014, 10:45 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    48 - Axion has been talking about "initiatives" for years. If they aren't willing talk about it at this point it means nothing to us or the market. Would like to give the benefit of the doubt, but that stopped with me in November.
    7 Feb 2014, 01:57 PM Reply Like
  • DaveT
    , contributor
    Comments (209) | Send Message
     
    We have a new "Top 10" Institutional Investor, so says cnbc, http://cnb.cx/1jjJypK, don't get too excited now, but the last entry, big spender City National with 20K is new on the list!
    7 Feb 2014, 03:38 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Dave, I see where BlackRock and Iverness all upped their stake by 10%,,,,is this true or did they just do it to maintain their % stake?

     

    Is Averill's 64% increase just the shares he took on the PIPE deal? or did he add more.
    7 Feb 2014, 04:53 AM Reply Like
  • DaveT
    , contributor
    Comments (209) | Send Message
     
    lt, That "+64%" entry and column is a bit of mystery to me, it (and the "Shares Held" col) certainly hasn't just changed (or in the last few weeks, but I can't remember when I first set a monitor on the page).

     

    Note these %s add to 100% (of Total Institutional Holdings), may be printed with "+" to differentiate shorts more clearly?

     

    The Top Institutional Table seems to actually include all comers.

     

    If anyone has a different/better site for easily monitoring the ownership pls feel free to mention it.
    7 Feb 2014, 08:23 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    How is it that 558K shares = $158K and 696K shares = $85K
    7 Feb 2014, 10:41 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Is that list current?
    7 Feb 2014, 01:59 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    This new addition to the board tells me that AXPW realizes it is in dire straits and has to shore up finances. To me this is not talk, but action. It's a bit early to know if they are going to move him to CEO, preparing to sell the company, or what ever....but they are doing something and making an effort. I posted 3 snippets below that I found most relevant. Seems to be a lot of focus on achieving milestones (MJ will love this) and then selling a company.

     

    "Dave closely worked with company management on activities such as accomplishment of their performance milestones..."

     

    "... The ultimate goal was to progress the company to become a leader in a particular technical or market segment, then move it towards a potential liquidity event (acquisition, merger, or IPO).

     

    This business was successfully sold to ConAgra Foods, Inc., after 2 years of organizational redesign, and operational improvements which led to very strong earnings."
    7 Feb 2014, 04:51 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    this new appointment raises 2 important questions that should be addressed as obviously the company sees the need for his skills and experience.:

     

    1. Does this mean there is no longer a "strategic investor" ?

     

    2. Does it mean that TG has been told there is no more PIPE money?

     

    If TG had financing arranged, why appoint someone with a resume that lends itself to shoring up a company and selling it ?
    7 Feb 2014, 05:25 AM Reply Like
  • D-inv
    , contributor
    Comments (4777) | Send Message
     
    LT, ISTM the answer to both questions is in the affirmative. And, it has crossed my mind that the disparity between Axion's press release and the 8-K could suggest initiative to bring in the new man came from independent directors, not TG.
    7 Feb 2014, 11:12 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    Re: Like button, got this e-mail 12:38 A.M: "We have received a notification from our tech team that the issue that you have noted would be resolved by today".

     

    On this and several other blogs so far, "No likey Mikey!"

     

    HardToLove
    7 Feb 2014, 06:52 AM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    Now this is an interesting way to show off new battery technology. Formula One electric racecars.
    http://bit.ly/1e952NZ

     

    I have my doubts that anyone will care, but hey, that's an American aversion to Formula One overall.
    7 Feb 2014, 08:06 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    You gotta love a motor sport where the drivers simply change cars when they take a pit stop. Electric F1 should be almost as exciting to watch as soccer and the Tour de France.
    7 Feb 2014, 09:03 AM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    If it were my money, I would be going for the much more practical Nissan ZEOD hybrid LeMans car.

     

    http://bit.ly/1d2LKyl

     

    http://bit.ly/1d2LIGB

     

    It can do a qualifying lap all electric, then stay in the race using the hybrid itty-bitty combustion engine.

     

    Still sexy, but hybrid practicality for everyday use, in case you need to stop by the grocery in your race car.
    7 Feb 2014, 12:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    SMaturin: You might find a Wrightspeed even more desirable.
    http://tinyurl.com/q3r...
    HardToLove
    7 Feb 2014, 01:28 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Naaah!

     

    That's just an electric go-kart.

     

    Put Nissan's engine in for a range extender and I might play with it, but I would still prefer two wheels over four if I am going to be hanging in the breeze like that.

     

    Just finalized plans to do a motorcycle tour of Turkey this spring with family and our Aussie buddies who run Ferris Wheels Motorcycle Safaris.

     

    http://bit.ly/LXwVm8
    7 Feb 2014, 03:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    ATDF bids $0.115 x 217K at the open.

     

    Offer is $0.1175x5K

     

    HardToLove
    7 Feb 2014, 09:42 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    HTL,
    Looks like they are trying to hold the offer for now. Only a total of 6000 shares moved so far today. I wonder when the log jam will break?
    7 Feb 2014, 10:42 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The deal structure makes it tough for the PIPE investors to provide liquidity early in the day because each of them is limited to 15% of reported daily trading volume. So it takes a while in the morning before they can come into play. If, as I suspect, the PIPE investors are the only active sellers and the market maker's aren't holding inventory, it may be tough finding willing sellers on the supply side. While it's far from proof, yesterday's FINRA short sale number was a good deal lower than we've seen in recent weeks and the kick off volume might have come from momentum traders who thought a bump from $0.09x to 0.11x was pretty good for a five day trade.

     

    While I'm sure that one of the PIPE investors would love to take the 217K bid at $$0.115, they can't until volume builds.
    7 Feb 2014, 10:58 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    John: Caution on the FINRA short number. Recall that AH trades, flagged "seq" by ADVFN totaled 109000 shares - enough to carry many shorts. Since out-of-hours trades are *not* reported on FINRA data, the "lower" short sales should be view with a little suspicion.

     

    Regardless, the lower reported volume and percentage fits the pattern. So I suspect it carries no meaning other than typical MM activity at this point.

     

    Yes, we disagree.

     

    HardToLove
    7 Feb 2014, 11:43 AM Reply Like
  • RBrun357
    , contributor
    Comments (820) | Send Message
     
    HTL,

     

    Are you watching those $.115 trades going off?

     

    Took them all, bite after bite!

     

    Big appetite!
    7 Feb 2014, 12:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19388) | Send Message
     
    RBrun: logging everything, as usual.

     

    HardToLove
    7 Feb 2014, 01:29 PM Reply