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  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Really?? :)
    31 Mar, 07:00 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    No, "virtually"! ;-))

     

    HardToLove
    31 Mar, 07:06 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    not bad
    31 Mar, 07:42 AM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Was wondering when will the 10-K be available on the SEC website. Any idea ?
    31 Mar, 07:55 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    The Form 10-K must be filed before 5:30 p.m. and it will probably be filed right after the market closes. It's pretty standard practice to get the report ready for filing and hit the transmit button right after the close. Since they don't have the CC scheduled until tomorrow, I'd be surprised by a pre-market filing.
    31 Mar, 08:01 AM Reply Like
  • Futurist
    , contributor
    Comments (2124) | Send Message
     
    I'm thinking any moment now. At least by 8:30.
    31 Mar, 08:01 AM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    "While we're at it, the same can be said for almost every market that Axion is involved with. JP's work and updates with ePower are a welcome exception to this pattern." -- User 393748

     

    Can we assume from the lack of ePower details for weeks, besides "we're working on it", that serious negotiations are underway and the now classic NDA cone has fallen over them too?
    Not even a Day Cab completion update?
    31 Mar, 08:13 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    The only thing you can safely assume is that ePower is working its way through the engine and generator coordination issues that I've discussed several times and the day cab retrofit is second on the list of priorities.

     

    We have a limited staff and can only work on one tractor at a time. If we're working on the sleeper cab we're not working on the day cab. Moreover, it makes no sense to finish the day cab until we have the drivetrain performing at an optimal fuel burn rate.

     

    R&D is very unpredictable and it takes the time it takes. I'd love to be able to schedule news but that's just not possible. If this stuff was easy somebody else would have done it already.
    31 Mar, 08:24 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    There isn't much out on the web when it comes to off-the-grid DC wayside charging stations as NSC depicts them.

     

    They need some length of pantograph/overheads (many kV) or third rail (few kV).

     

    To define the length, we would need to know how fast current can be transferred by each part of the system from wayside station to the on-board RESS.

     

    Assuming a 50 mph train and a 4C charge rate, one would need a 12.5-mile third rail. Sounds too long and expensive.

     

    Is there an EE interested enough?
    31 Mar, 08:51 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    All quiet on the western front today? 2 hours w/o a comment! Saving our breath for tomorrow's CC call?
    31 Mar, 11:56 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    That and refreshing SEC page every 5 min.
    31 Mar, 11:59 AM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    If memory serves me correctly the report won't issue until after market close.
    31 Mar, 12:04 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Super easy to check that one. From Axion's March 25 PR:

     

    "Axion...announced plans to release its results for the fourth quarter and year ended December 31, 2013 after the market closes in New York on Monday, March 31, 2014. Axion's management team will host a conference call to discuss the Company's financial results on Tuesday April 1, 2014 at 10:00 am ET."

     

    http://bit.ly/1gHJjTH

     

    But then again, didn't we see them file a 10-Q or K once before the results PR? Either way, don't have long to wait.
    31 Mar, 12:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    Yep, and it's linked right up in the header in the reporting section.

     

    HardToLove
    31 Mar, 12:35 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    The calm before the norm.? What are they going to talk about? The CFO departure? The potential partner hook-ups? NSC, BMW status quo? Bysolar? Tom should address Kia if he knows what's wise and if he can. Then...

     

    http://bit.ly/15wE2aK
    31 Mar, 12:37 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    ii, who knows what they will talk about, but I am prepared to be disappointed. I hope someone will ask what current order backlog looks like. They don't need to break any NDA to disclose that. My current presumption is that there is no backlog and the PbC line sits mostly idle waiting for those significant sales to appear.
    31 Mar, 02:16 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    NGS, I agree that there is no order backlog outside of ongoing testing which they will probably not be able to talk about. I am not expecting anything new as TG has generally pushed hard to make any announcement he can just before cc's.
    31 Mar, 02:37 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    ii,

     

    I see you're setting the bar pretty low for this CC. Sadly I am too.
    31 Mar, 03:15 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    Bazooooka, I expect any large events that we have been waiting for to be announced more real time than at a cc. When they can be announced that is.

     

    I was a little taken aback when TG gave the BySolar info. in an interview that an Axioista had to search for online and also the subsequent comments about R&D activities for PbC improvements embedded in a "for subscribers only" solar publication. So should I expect that TG's communications skills have suddenly improved?

     

    No I'm not expecting much but std TG.
    31 Mar, 03:29 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    Brainstorm seed: TG mentioned that they are moving towards the Holy Grail of Pb acid style batteries. Well, the carbon sheeting works well in place of Pb on the negative electrode. What about the Pb-oxide of the positive electrode and the electolyte? Pb-oxide and sulfuric acid work well, but what about Fe-oxide and nitirc acid? Just musing...although i did come across this research project into Fe-Nitrides as a REE-free magnet developed in part by Oak Ridge National Laboratory.

     

    http://1.usa.gov/1ggLOr8
    31 Mar, 12:09 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    Nickel-Iron battery:
    http://bit.ly/1gHKClA

     

    Iron-oxide anodes:
    http://bit.ly/1ggN5OR
    31 Mar, 12:15 PM Reply Like
  • D Lane
    , contributor
    Comments (1212) | Send Message
     
    Off Topic

     

    Some might be interested in an opportunity highlighted by Tom Konrad. Just published on SA:
    http://bit.ly/1gHOrqK
    Tom's pegs the Value Per Diluted Share: $0.21 to $0.40 ($0.19 to $0.36 US)

     

    Appears to be currently trading at .145 CAD
    I am long FNVRF
    31 Mar, 12:35 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    I think he mentioned FNVRF in Forbes a few weeks ago. Stock nearly doubled last I noticed it.

     

    TK can move the market it seems. Maybe he will come back to AXPW and write-up a more optimistic take on it - since the PIPErs are gone.
    31 Mar, 03:23 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Bazooka, what does TK have to be optimistic about? Being the realist that he is, I am sure he would focus on the fact that there is still no clear path to sales and another capital raise is just months away. Probably better if he leaves it alone until a revenue ramp becomes more visible.
    31 Mar, 03:36 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    PIPErs being gone is huge. But if were always worried about the next placement then AXPW is screwed. Back in 2008 Quercus paid $2 a share. Can we not get 20 cents nowadays?
    31 Mar, 03:47 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    When a woman is beaten by her spouse day in and day out for a few years, she comes to believe she deserves the beatings and never expects things to change. Even when the wife beater is taken away in a body bag, it takes a while to undo the psychological damage.

     

    Axionistas seem to exhibit the same pattern.

     

    Things won't until enough of us realize that the daily beatings were bullshit and the tormenters are gone. If we get another crappy financing it will be our own damned fault.
    31 Mar, 04:40 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    But Axion, like many abuse victims will go running into the arms of a new abuser after the old one is no longer a threat. I can hardly wait until this summer to find out who that will be.
    31 Mar, 05:51 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    CALL FOR ASSISTANCE

     

    Dear fellow Axionistas, I am seeking links for a) photos and/or b)videos involving either Axion or Epower for a music video. Particularly things with logos on or in them.

     

    If you would share your links with me, I'd appreciate it -- but don't clog up the concentrator, just pm me for my email and you can send them directly. And let me know if you want to be listed in the credits.

     

    When finished, I'll post the link here (I'm doing this for fun, not profit).

     

    Thanks!
    31 Mar, 12:52 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    HTL, Mr, I.

     

    I don't see NITE on level 2 anywhere. Do you know if they have been around this morning? I just got on a little while ago.

     

    I see CSTI has 242 shares for sale at $.17, adding a little resistence there!

     

    Thanks.
    31 Mar, 01:30 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    They started the day on the ask up there at $0.23 w/ARCA. I've not seen them move near the from at all. Might have missed something though.

     

    You might need to check your L2 settings, On mine there's options like consolidate at each level. This might be hiding them from you.

     

    HardToLove
    31 Mar, 02:00 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    I haven't seen NITE anywhere but 23, either, guys, but haven't been watching closely again today. Just seeing what I think is retail blocks on the various asks, like CDEL w/ 50k at 16.8 for awhile now and the 242k shares at 17. So, the usual big uglies' reps have been inactive based on Level II asks.
    31 Mar, 02:17 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    HTL,

     

    Thanks.
    31 Mar, 02:14 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9584) | Send Message
     
    60 Minutes segment titled "The Market Is Rigged."

     

    For those of you who want to know how a Canadian entrepreneur is beating the high frequency trading houses at their own game. He is counter intuitively slowing down how fast a buy order arrives at different trading houses, dis-enabling trading houses to front run an order by using a "magic shoe box" that houses 60 kilometers of coiled fiber optic cable.

     

    Yes, there are commercials to endure, but what this young man is doing is wonderful for us peons. Highly recommended, especially for you day traders:

     

    http://huff.to/1iSOwaN
    31 Mar, 02:21 PM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    Fascinating story last night. Fractions of milliseconds making folks hundreds of millions of dollars.
    31 Mar, 02:25 PM Reply Like
  • cstone
    , contributor
    Comments (16) | Send Message
     
    Yes, I saw it and was skeptical when they led with the headline 'the stock market is rigged' (anything to get an audience). It took them a long time to get to the point of mentioning milliseconds and a penny or two (or fractions thereof). It was a good story, tho, and interesting to see. Obviously, pennies add up! I wish that young Canadian, Brad Katsuyama, all the best in his venture.
    31 Mar, 02:33 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Very quiet around these parts before a year end Axion review. Makes me wonder if the SA Axionista army has disbanded some. Back in the day there used to be some optimism and even extra concentrators set up to make sure all the questions got asked. I guess after a several disappointing CC sessions most here accept that TG will dance around the issues and no ground breaking news will be forthcoming. But then again maybe this time is different.
    31 Mar, 02:55 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    It's akin to the abused wife waiting anxiously for the husband to come home after his usual stop at the bar. She predicts he will be violent and will beat her up, but maybe this time he will come home earlier with some flowers and an invitation for dinner out!
    31 Mar, 03:03 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Rather, I hope someone new comes knocking. Flowers are temporary and the abuse often restarts. But if a new suitor is in the mix then the heart may flutter.
    31 Mar, 03:14 PM Reply Like
  • RuggedDC
    , contributor
    Comments (182) | Send Message
     
    Current offer of 242,600 shares at 17¢ seems a stellar opportunity for anyone wanting to accumulate in greater-than-100K lots.

     

    With Pipers and Uglies disappearing, it may be hard to otherwise snag big lots in AXPW these days...
    31 Mar, 03:09 PM Reply Like
  • D Lane
    , contributor
    Comments (1212) | Send Message
     
    Micro-grid market to soar (after 2015) says Frost & Sullivan
    http://bit.ly/1iSZVY9
    31 Mar, 03:16 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    D Lane: Looks like SA gremlins are about - that link, which I'm sure was good, takes me to my home page on FF, about:blank.

     

    <*Sigh*>

     

    HardToLove
    31 Mar, 03:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17253) | Send Message
     
    D Lane: A few hard refreshes, exit and come back and now it works.

     

    Just FYI.

     

    HardToLove
    31 Mar, 03:27 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    So when AAPL and FCX announce that earnings will be released after the market close, it comes out in less than 10 minutes. What gives? Are they still proofreading?!!??!!??

     

    EDIT: 4:42. Thank you.
    31 Mar, 04:41 PM Reply Like
  • dance621
    , contributor
    Comments (163) | Send Message
     
    Knew a guy who never watched movies. He just read reviews about movies. Said he got all the info he needed from that. So thought I would try not reading this 10k and just read the reviews of the axionistas.
    31 Mar, 04:42 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    10K

     

    http://tinyurl.com/m7t...
    31 Mar, 04:42 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Subsequently, in the first quarter of 2014, as part of our growing relationship with the New Jersey integrator of our PowerCube, we visited the solar project site to inspect the progress made to date. Although the solar portion of the project has been slowed by weather conditions, the racking system and the PbC batteries have been installed in their permanent location and all related wiring has been completed. When the solar panel work and the bi-directional inverter hook up is completed, probably by mid-second quarter 2014, we will qualify the Reg. D signal (a couple of days). Once qualified, the PowerCube will begin participating full time in the PJM network at a full 500kw up and 500kw down. Having the New Jersey PowerCube project online is a further 'proof in market' validation for our technology and for our model and is one more important data point for the potential multi MW customer groups with whom we are currently in various stages of negotiation. Based on our model, and past PJM records, this .5MW installation will provide the Owner more than $9,000 per month (net after expenses). This attractive ROI and IRR are major points of focus in our go forward marketing plan for our PowerCubes. And this revenue is in addition to the storage and emergency back up the PowerCube will provide.
    31 Mar, 04:53 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (1446) | Send Message
     
    Do I understand correctly that the $320k Cube investment will in addition to providing valuable solar storage/smoothing generate >$9k per month or $110k per year for the owner?
    31 Mar, 07:37 PM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    "... in addition to providing valuable solar storage/smoothing generate >$9k per month or $110k per year for the owner? "

     

    Reads that way to me, R.A. Note, though, the reference to "bi-directional inverter hook up" which differs from Axion's New Castle PowerCube (as originally implemented). To me, "bi-directional inverter hook up" implies the PbC pack will be capable of supplying power to the grid as supporting reduced draw from the grid by substituting for grid power used in the local facility.
    31 Mar, 08:03 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (1446) | Send Message
     
    Thanks D-inv. I asked because I thought I must be missing something with an ROI that appears almost too good to be true. If those numbers are not fluffed and truly net of all costs then we can expect Cube sales to grow nicely.
    31 Mar, 08:26 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I suspect that the factor that makes a combination of solar and storage so enticing is the ability to make a single set of inverters and control electronics do double duty. If you have to buy the inverters and control electronics to benefit from the solar panels, then bolting on batteries is much easier to justify than it would be if you had to buy a second set of control electronics and inverters for the batteries.
    31 Mar, 08:34 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    Also, Don't forget the reality of the govmint discount in the region.

     

    Is that already factored in? I not, wow. But alas we need data.
    1 Apr, 12:20 AM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    Highlight reel:

     

    "As 2014 progresses, we expect a decline in our lead-acid battery production and an increase in the production of our PbC batteries."

     

    "There is an increasing body of empirical evidence being presented with respect to the lack of merit, and/or practicality, of existing stop/start battery solutions, while the potential applicability of our PbC product gains more traction"

     

    "In November 2013, the Company announced it had received the first in a series of expected orders, for our PowerCube that is being commissioned into a solar project."

     

    "The solar storage adaptation of the PowerCube was developed with data extracted from the PJM network model, including the important "frequency regulation market" component."

     

    "Our PbC energy storage device is a hybrid battery supercapacitor that combines the simplicity of lead-acid batteries with the faster recharge rate, longer cycle life and greater charge acceptance of supercapacitors. The result is a relatively low cost device that has versatility of design that will allow differing iterations to deliver maximum power, maximum energy, or a range of balances between the two."

     

    "Competitors may also intentionally infringe on our patents. The prosecution and
    defense of patent litigation is both costly and time-consuming, even if the outcome is favorable to us. An adverse outcome in the defense of a patent infringement suit could subject us to significant liabilities to third parties and prevent us from using all or any portion of the technology covered by such a patent. Although third parties have not asserted any infringement claims against us to date, there is no assurance that third
    parties will not assert such claims in the future."
    31 Mar, 04:45 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    "We believe that our current financial resources will support ongoing operations, working capital, and capital expenditures into the 4 th quarter of
    2014. However, we will not be able to continue operations through the 4 th quarter, without raising additional funding"

     

    "The lead-acid battery industry is large, intensely competitive and resistant to technological change. We may need to compete or enter into further
    strategic relationships with well-established companies that are much larger and have greater financial capital and other resources than we do.
    We may be unable to convince end users that products based on our PbC technology are superior to available alternatives. Moreover, if
    competitors introduce similar products, they may have a greater ability to withstand price competition and finance their marketing programs.
    There is no assurance that we will be able to compete effectively. "

     

    "Some of our products are not intended for direct sale to end users and our business may require us to enter into strategic relationships with
    manufacturers of other power industry equipment that use batteries and other energy storage devices as important components of their finished
    products. The agreements governing any future strategic relationships may not provide us with control over the activities of any strategic
    relationship we negotiate and our future partners, if any, could retain the right to terminate the strategic relationship at their option. Our future
    partners will have significant discretion in determining the efforts and level of resources that they dedicate to our products and may be unwilling or unable to fulfill their obligations to us. In addition, our future partners may develop and commercialize, either alone or with others, products that are similar to or competitive with the products that we intend to produce."

     

    "We plan to aggressively defend our proprietary technology and any issued patents if funding is
    available to do so. "

     

    "On December 31, 2013 there were 392 shareholders of record for our common stock and 180,401,405 shares of our common stock outstanding."
    31 Mar, 05:10 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    "Our demonstration projects entail extended periods of time to assess our energy devices over multiple charge and discharge cycles. Further, the results of our demonstration projects do not lend themselves to simple measurement and presentation. "

     

    "Work continues with the vehicle manufacturers of micro-hybrid vehicles that we have been working with for the past several years. Serious
    discussions, and the exchange of test results, continue with vehicle manufacturers regarding partnering with them on advanced stage testing of a two battery system. As we have previously reported, the interest of several OEMs has been fueled by our White Paper that highlights the
    importance of “charge acceptance” in battery products designed for the micro hybrid and stop / start markets."
    31 Mar, 05:21 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    It's important to remember that CEDE & Co. is counted as a single shareholder when companies report the number of record shareholders. CEDE is the street name for the Depository Trust Company which holds all shares held in brokerage firm accounts. In most cases, the number of record stockholders is several thousand lower than the number of beneficial stockholders.
    31 Mar, 05:41 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Filing should appear here very soon also.

     

    http://1.usa.gov/1ghF7VN
    31 Mar, 04:46 PM Reply Like
  • pascquale
    , contributor
    Comments (94) | Send Message
     
    Shares at Feb 28, 205,261,452
    How close to out are we JP?
    Thanks
    31 Mar, 04:57 PM Reply Like
  • mrholty
    , contributor
    Comments (824) | Send Message
     
    Skimming.

     

    · In January 2013, we announced the completion and shipment of our high-performance PbC batteries to Norfolk Southern Corp. (NS), one of North America's leading transportation providers, for use in Norfolk Southern's first all-electric locomotive - the NS-999. Axion Power shipped the last skids that comprised this battery order to NS in late December for use in powering the NS-999 "yard switcher" locomotive. The switcher functions in the train yard where its responsibilities include moving rail cars and assisting in disassembling and assembling various train configurations. In parallel, Axion and Norfolk Southern continue to participate in the development of an energy system for "over the road" hybrid locomotives that will be much more powerful units that would require significantly more batteries.

     

    I am surprised that the last skid of batteries was just sent in December 2013 a full year later.
    31 Mar, 04:59 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Axion was referring to Dec 2012.
    31 Mar, 05:02 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1498) | Send Message
     
    Mr. I,
    The dates really aren't clear, but Dec 2013 would seem odd.
    31 Mar, 05:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    The NS 999 batteries were included in 2012 revenue and that couldn't have happened if the batteries weren't shipped before 12/31/12. This is an obvious a case of less than precise language.
    31 Mar, 05:10 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1498) | Send Message
     
    "The switcher functions in the train yard where its responsibilities include moving rail cars and assisting in disassembling and assembling various train configurations."

     

    Present tense. Am I reading that right. We need the r/c quadcopter operating again.
    31 Mar, 05:00 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1498) | Send Message
     
    Maybe it is just describing what a switcher is, as it doesn't state "is functioning..."
    31 Mar, 05:09 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Prob talking about the switcher's role in general, no?
    31 Mar, 05:10 PM Reply Like
  • Josh Greene
    , contributor
    Comments (61) | Send Message
     
    Anyone want to buy some shares at .23 for giggles in the AH?
    31 Mar, 05:01 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    "Serious discussions, and the exchange of test results, continue with vehicle manufacturers regarding partnering with them on advanced stage testing of a two battery system. "
    31 Mar, 05:01 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1498) | Send Message
     
    Mr I,
    Thought we had been in advanced stage testing for quite some time.
    31 Mar, 05:04 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    metro, that verbage was not in the last two 10-Q's. Not saying it's completely new, though, as I'm not sure what Axion has said already someplace else. At least it says, "continue."
    31 Mar, 05:08 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1498) | Send Message
     
    Mr I,
    Just seems like we have thought that "fleet testing" was the next stage for several years now. Not sure what advanced stage testing means - maybe fleet testing.
    31 Mar, 05:14 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    Since "advanced" is not a word that is tied to the language used to depict the phases that a vehicle launch program goes through from start to finish there is no way to assess the test level that Axion is at as it relates to a possible inclusion or launch time frame. I would expect his wording to be no less generic for anything more is outside of his control. Axion will eat sleep and ..... when they are told to in the automotive business.
    31 Mar, 05:20 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Metro/Mr. I - Maybe this is akin to the continuous roll carbon sheeting which was necessary to really become a commercial entity ... Lead the donkey along.
    31 Mar, 05:24 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    I thought we have been talking about "serious" and "advanced" testing discussions for years. It's almost like the we haven't moved past the discussion/conversation stage.

     

    Jeez, at some point a guy either gets a date or water tossed in his face. I'm not sure TG has the charm to close the deal anymore.
    31 Mar, 05:54 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Shady wording of language with respect to automotive or a typo. Who cares about 2011? It's 2014.

     

    In 2011, we continued our automotive work and added new OEM partners. There is an increasing body of empirical evidence being presented with respect to the lack of merit, and/or practicality, of existing stop/start battery solutions, while the potential applicability of our PbC product gains more traction. We and others believe that the fastest, and least expensive, method of reducing CO2 emissions from an internal combustion engine vehicle, and the way to helping meet current and future Corporate Average Fuel Economy (“CAFE”) standards is attained by equipping the vehicle with stop/start technology. The solution offered by our PbC technology combines low cost, with a fast rate of charge acceptance, and achieves the specified stop/start performance that is needed to comply with CO2 emissions regulations, while at the same time improving miles per gallon performance to help meet CAFE standards. We believe our PBC technology is well suited for the emerging micro-hybrid market incorporating stop/start systems; therefore, we have devoted considerable time and money in working with our supply chain partners and prospective customers in this area.
    31 Mar, 05:07 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    I don't know what to think of the end of year report. It's all "going along" at a snail's pace, and no radical progress has been made on any front I am afraid.

     

    We need NSC, or an OEM to come out of the silence, or a major partnership with a battery manufacturer to break our current pattern, otherwise the next fund raising will be ugly. I can guarantee that!
    31 Mar, 05:09 PM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    The previous sentence to what Mr. I pasted reads "Work continues with the vehicle manufacturers of micro-hybrid vehicles that we have been working with for the past several years."

     

    I believe the Kia program is more than a micro hybrid and thus it seems pretty clear from this statement that as of this time, Axion is not involved in that program.
    31 Mar, 05:11 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    ap,

     

    I'm not sure we can expect the language here to be so tight that the "micro-hybrid" definition excludes the Kia system. Heck, I'm not even sure if KIA knows yet who will provide them their batteries for presumably their 2016 (or 2017?) model year hybrids.
    31 Mar, 05:18 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    apm, one could conclude that the vehicle manufacturers in the first sentence are not necessarily the same as the ones in the second, given the wordings. Either way, maybe TG can shed at least a lil more light on what's happening there, but I'm not really expecting anything more than what's here in the 10-K regarding auto. NDA lockdown, I think is a good assumption.
    31 Mar, 05:32 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Mr. I -

     

    "one could conclude that the vehicle manufacturers in the first sentence are not necessarily the same as the ones in the second, given the wordings."

     

    This is exactly the problem.
    31 Mar, 05:34 PM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    Bazooooka: I disagree with you. Micro-hybrid and start-stop are pretty well defined terms at this point. JP might want to weigh in here.

     

    As Stefan has noted, it seems that there are a few cases of misleading wording in this document. I don't attribute that as an effort to deceive, but possibly due to a distracted CFO with his eye on the door.

     

    Again, little indication that revenue is coming other than an indication that flooded revenue will decline and PbC will increase (page 5) as 2014 progresses.

     

    I found this to be yet another disappointment, especially considering that it's the year-end report.
    31 Mar, 05:46 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    apm,

     

    My comments were more based on Axion being loose with language, whether by design or accident, not that the term itself is undefined. Also there's the idea that Kia might still be evaluating its battery options which may still include the PbC for all we know.
    31 Mar, 06:14 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    Thought we were far beyond discussions regarding testing ... wtf?

     

    Work continues with the vehicle manufacturers of micro-hybrid vehicles that we have been working with for the past several years. Serious discussions, and the exchange of test results, continue with vehicle manufacturers regarding partnering with them on advanced stage testing of a two battery system. As we have previously reported, the interest of several OEMs has been fueled by our White Paper that highlights the importance of “charge acceptance” in battery products designed for the micro hybrid and stop / start markets.
    31 Mar, 05:12 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    No language regarding the two large lead acid suppliers that they have been working with to solve the sole source problem?
    31 Mar, 05:18 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Stefan,

     

    TG's over bullish mood is certainly very misleading in my opinion as I still can't see any GREAT milestone being achieved, besides having a fully functioning PbC production line. Efforts on the marketing side are clearly being very ineffective IMHO, hence the reason why we seem to land very few clients and get them enticed to the prospects of the PbC.

     

    As I said many times before: We need a proper salesman to take over at Axion now. TG is just not going to be it.
    31 Mar, 05:19 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2483) | Send Message
     
    How do you go from this statement last qtr:

     

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

     

    To this:

     

    Serious discussions, and the exchange of test results, continue with vehicle manufacturers regarding partnering with them on advanced stage testing of a two battery system.
    31 Mar, 05:59 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    Stefan, Don't you wish TG could communicate half as well as John! What a contrast.

     

    I know he is very restricted as to what he can say but heck, he's all over the place.
    31 Mar, 06:47 PM Reply Like
  • mrholty
    , contributor
    Comments (824) | Send Message
     
    What the hell is COGS-idle capacity?

     

    The totals line up for 2012 but I it looks like they are breaking out SG&A into SG&A, R&D and COGS (both idle capacity and others).

     

    The regular COGS doesn't tie to previous numbers.
    31 Mar, 05:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    PIPE Calculations Update.

     

    In my 2/1/14 workbook I estimated that 1.5 million shares would be issued for the February true-up and 7.8 million shares would be issued for the March pre-installment.

     

    Those estimates tie pretty closely to the increase from 196.5 million shares at 1/28/14 to 205.3 million shares at 2/28/14 shown on the second page of the 10-K.

     

    My workbook also estimated that the PIPErs would get 2.7 million shares in early March as their final payment. I think that has already happened and the PIPErs are either out of shares or scraping the bottom of their inventory barrels.
    31 Mar, 05:17 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    JP,

     

    Your new PIPE info combined with your "our own damned fault" comment early in the thread implies to me that Axionistas should buy now with any powder they have left to get the price up before the raise which seemingly must occur before the 4th quarter. Am I reading you correct?

     

    Is it really this SA board that will make or break the next raise; should we presume there are no institutional players waiting to accumulate in the open market? I ask since your early comment seemed like stronger language than usual.
    31 Mar, 05:25 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    I think at the very least, we are owed a lengthy explanation as to where things stand exactly, because a lot of us are being very confused by TG's pablum that it is all "great" and that "significant events are imminent at Axion". Well, I don't see any of that happening, or I don't know where he is getting his stuff from...

     

    This kind of performance is certainly not worth paying the package Mr Granville is on, especially for a company the size of Axion. He has destroyed a LOT of shareholder value and trust in the prospects of the company over the last 2 years to be honest, and there is nothing on the horizon that says change is imminent. I am very disillusioned with the current state of affairs and management, and will seriously think about liquidating very shortly.
    31 Mar, 05:33 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    bazoooka> For four years Axionistas made a blood sport of pulling the price down at every opportunity because that's what bottom feeders do. Somewhere along the line we lost perspective and began to believe the prices we forced the big uglies to sell for were fair.

     

    The only holders left are the Axionistas who've been buying over the last four years despite the price chart from hell. If the Axionistas (including the hordes of lurkers) choose to let the price wallow it will most certainly wallow and Axion will end up with crappy terms on the next financing. If the Axionistas (including the hordes of lurkers) decide that it's their turn to shine, the market will shine and Axion will get good terms on the next financing. For proof you don't need to look any further than the recent offerings by
    ZBB and PLUG.

     

    Our collective future is in our collective hands and our tormenters have left the building. The choice of what happens next will be made by us.
    31 Mar, 06:04 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    I'm so sick of hearing that the low price of AXPW is the fault of bottom-feeding Axionistas rather than the primary fault of a CEO whose words can't be trusted, who can't seem to close a sale despite a technology that ought to sell itself, and who destroys shareholder value by desperately turning to schlock financing because he can't sell serious substantial investors on the story he's sold to us Axionistas.
    31 Mar, 06:19 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    CEO's live and die by their stock price. It's that complex and that simple. As long as the base is happy pulling the stock price down it gives the CEO nothing to work with. When the base decides that the stock is undervalued and stops playing games, it gives the CEO negotiating power.

     

    I'll never defend Axion's communications policies because I don't like them any more than anybody else. I understand the reasons which keeps me tolerant, but I don't like the opacity.

     

    Our future is in our hands.
    31 Mar, 06:38 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    I can't wait for this uninspiring CEO to give me a reason to chase AXPW higher (as I did recently, qualifying me for slow-learner status). Our future, unfortunately, is in Tom Granville's hands until the Axion BOD takes appropriate corrective action. Do any Axion employees still walk around with an extra bounce in their steps or have they all turned to Dr. Scholl's to address their foot problems?
    31 Mar, 06:46 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    Will the Axionistas dictate the action of the swinging pendulum or will the pendulum dictate the actions of the Axionistas?
    31 Mar, 06:46 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9584) | Send Message
     
    JP: So you're blaming us Axionistas for providing our hard earned blood money to support share price? Wow!

     

    AXPW would likely be around Conrad's prediction of 5 cents right now if it weren't for your followers.

     

    If Axionistas weren't buying the death spiral PIPE shares, then the PIPErs would have sold this stock off with even lower VWAPs than they did, triggering more ratchet readjustments, which would have even further diluted the stock.

     

    I'm just amazed that you would put the low share price blame on your followers.

     

    It's waaaaay over due time for New Castle to shine, and then the market will follow.
    31 Mar, 06:57 PM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    Alpha,
    Agreed.

     

    Slim pickings for the Q4 results. Usually in these docs there is something to pin hopes on. Even the silver lining seems missing from this opaque cloud of inadequacy.

     

    Axion needs to sell batteries to survive in its current form. Unless positive evidence emerges tomorrow, perhaps the best thing Axionistas can do in support of their investment is petition the board of directors for change in executive leadership.

     

    On the current trajectory, the 2014 financing will be beyond ugly for existing stakeholders.
    31 Mar, 07:06 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    "qualifying me for slow-learner status"

     

    ROFLMFAO, that's a gut-buster, funniest thing I've heard in ages. :D

     

    I owe you one.
    31 Mar, 07:11 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Maya,

     

    I can't speak for JP but I took his response as more of a reality check, a "truth hurts" type deal instead of "blame".

     

    Axion is worth what its investors are willing to pay. If we Axionistas buy or sell that influences price, and now that PIPErs are gone, the supply and demand will be our own creation for once. If we don't take advantage of this window (as you did near 10 cents) then who else can we blame if volume dries up and the next placement reflect a huge liquidity discount.

     

    The elephant in the room is many Axionistas are tapped at and over allocated already especially those who have beer around for more than 2 years.

     

    But I'm with you in that TG doesn't seem to help us draw any new investors let alone revenues.
    31 Mar, 07:12 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    Sorry John,I don't quite it, I though buying brought the price up and selling brought the price down. I have bought 500000 shares at an average of 37c, and it is my fault that TG can not sell a fabulous battery technology, and hides behind excuses for not telling us the truth about what is going on,and why the battery is not selling. I am getting a little tired of you blaming every thing but TG s ineptitude .
    31 Mar, 07:21 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I'm not blaming the Axionistas, but there's no denying that we are part of the problem. Every Axionista needs to realize that they're as much a part of the overall package management has to sell as the PbC technology itself.

     

    It's fun being a bottom feeder when there are bad guys out there beating up the market. At some point, however, Blue Horseshoe must love Anacott Steel because if Blue Horseshoe doesn't love it neither will anyone else.

     

    I've been in more meetings with prospective investors than I can shake a stick at and the conversations are always the same.

     

    The new investors are concerned about their ability to profit from providing a big wad of cash and they don't believe they should pay the same price to buy 10 million shares that retail stockholders pay to buy 10 thousand shares.

     

    The retail investor can buy 10 thousand shares today and sell them tomorrow – no harm no foul. The big investor who buys 10 million shares today is in for months or even years unless he's willing to pound the shares into the market without regard to profit or loss. One of the things he has to be able to rely on is the stability and sanity of the other stockholders.

     

    New money always pays very close attention to volume, liquidity and price trends. It also pays very close attention to the things current stockholders say about their company in public forums like this one.

     

    If the existing base doesn't believe their company is worth more and rise to defend it there's no way in hell new money will. No CEO is that good. Elon Musk's strength comes from a stockholder base that will walk through walls with him.

     

    Over the last four years we've all developed abused stockholder syndrome and somewhere along the way we've forgotten why we got involved in the first place.
    As long as we insist on acting like victims we will be victimized. When we shed the fear and loathing and stand up for ourselves and our company, we will be an irresistible force.
    31 Mar, 07:28 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    Sell
    31 Mar, 07:33 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    sell sell
    31 Mar, 07:33 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    sell sell sell
    31 Mar, 07:34 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    You make it very clear there is no reason to own this stock.
    31 Mar, 07:35 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    Also badmouthing management all the time will discourage serious investors.
    31 Mar, 07:36 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    If he is inept get out of here before the sky falls.
    31 Mar, 07:37 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    JP,

     

    New money also wants to see a "leader" who can rally the troops. TG has lost the ship at this point. There are very few, if any, who think that Mr. Granville is the right guy for the next 10 years let alone 10 months; imho.

     

    As you have said before, the micro-hybrid will just be getting going by decade's end. I think many have doubts (about TG's communication style, age, etc) that he is the right guy as we head toward the latter half of this decade.

     

    Also I think most here have invested on the words of JP and not TG, that says something about communication coming out of New Castle.
    31 Mar, 07:41 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    Ok, you pathetic bottom-feeding Axionistas, I don't know what genetic deficiency causes you to seek opportunities to buy AXPW at a low price, but I'm gettting sick of your failure to buy AXPW based on the glowing comments of Mr. Granville. Don't you realize that you need only buy AXPW with abandon and without regard to actual results at Axion and ignoring supply issues and you have the ability to make us all rich? Be honest now. Have you done all you could? Have you mortgaged your home? Sold your firstborn? I'm promising you untold riches if only you buy into the dream.

     

    I'm not personally able to buy more AXPW, mind you, but I expect your total cooperation in geting this stock up to 50c for starters and above $1.00 by year-end.

     

    You'll thank me, believe it.
    31 Mar, 07:43 PM Reply Like
  • Nathan Kemalyan MD
    , contributor
    Comments (491) | Send Message
     
    I got involved because the idea looked solid, the time appeared "right" and someone was wiling to explain it in detail. I got in to make money along with the company. I couldn't have imagined how locked-up the company would be about prospective partners and how secretive they would be about potential other markets. I couldn't have imagined how poor their public relations would be with regard to promoting the potential applications. Hell, I posted stuff about fixed installations associated with businesses and wind power a few years ago, with the technical background of a monkey and look what's coming out recently. This company promotes it's products like a purveyor of nuclear waste materials.
    I would have been happy if they publicly sold onesey's and twosey's to off-grid tinkerers while pursuing their secret home-run deals with the auto and railroad industries. Had they pursued a decent public relations policy, perhaps they could have issued secondary offerings into the market to fund their survival instead of putting out the tin cup to a loan shark.
    Why haven't they linked their batteries to solar arrays on Walmart roofs, then made ice at night to cool the warehouses in Albuquerque, Tucson and Phoenix during the day? You've read about that one, right? Do they have no imagination?
    I'll become a shameless promoter when they start exhibiting a little imagination and adventurous spirit. If you're not having fun, why get on the ride in the first place ???
    31 Mar, 07:44 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    Growsmart,
    Six silly comments belies your name and adds nothing to genuine discussion. Is it that you resent the number of shares that I quote?. If you want buy be my guest but I feel that I have a right to air my disappointment in management. I will continue to hold and buy as I feel appropriate, and will not take advise from the likes of you.
    31 Mar, 08:01 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    If Blue Horseshoe does not love Anacott Steel neither will anyone else. They'll just worry about Blue Horseshoe's plans to bail at the first opportunity.

     

    While I think the level of CEO worship we see in Tesla is disgusting, I don't believe Granville deserves the flaying he gets every day on this board. Selling cars and iPhones to consumers is easy. Selling batteries to OEMs who know what they need and are obsessive about getting sufficient proof before they sign on the bottom line is a bitch that requires immense skill and patience.

     

    It's the fundamental nature of the business and has precious little to do with the quality or skill of the CEO. I'm not defending Tom, but I am convinced that I couldn't match his performance, much less surpass it.
    31 Mar, 08:09 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    I still don't get it, what can we do except buy shares, which I have done since 2009. You say we should not be disparaging about T G why not ? . He or nobody else in Axion reads this feed, otherwise they would treat us with more respect at the cc ,and start on time and run as long as is necessary to answer all questions. Let us see how it goes tomorrow .
    31 Mar, 08:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I think you'd be amazed at the people who read these Concentrators. This forum provides the clearest look at a stockholder base I've ever seen, except of course for the Tesla Motors forums which are a wonder to behold.

     

    We only have a couple hundred regular posters, but there are vastly larger numbers who are regular lurkers and occasional visitors.

     

    If I had could ask for one thing from SA technical support, it would be the same page view statistics on Instablogs that I get on my main page articles where fewer than 1 in 40 readers bothers to comment.
    31 Mar, 08:23 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    JP> I am Axion's biggest fan in my mind. That being said, I feel management could be more poetic or eloquent in pushing the message so I sympathize with those who wish the company had Thomas Jefferson or Teddy Rosevelt speaking for it.

     

    However, I believe that the idea of marrying a supercapacitor and a lead-acid battery is a match made in early-21st century heaven. Somehow, this technology is going to take the world by storm in the next 5-6 years and become a household name by 2025.

     

    I have made some back of the envelope calculations and figure that $2.50 is a minimum fair valuation for the company for a million batteries a year, if it were trading like P&G, but I expect it will trade more like TSLA and be valued at about $100 per million batteries. I would probably sell some at $2.50, most at $10, and I own 1.2 million shares.

     

    I am also itching for a "storm" of news because the tide of buying pressure is coming in (Golden Cross is just in reach), I've got my wet suit on, and I'm ready for a wild ride.
    31 Mar, 08:35 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Alpha, that seems to about sum up JP's argument. He reminds me of the Black Knight on Monty Python's Holy Grail. Arm cut off? It's just a scratch. Leg cut off? Only a flesh wound. Come back and fight you bottom feeding Axionistas!
    31 Mar, 08:45 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    BTW, an OEM deal = 1 million batteries per year
    A growth from 1000 to 10,000 batteries for grid = 1 million batteries per year (markets are forward looking).
    A train/truck announcement = pathway to 1 million batteries per year.
    UPS = 1 million batteries per year.
    Microgrid/residential/... = 1 million batteries per year.
    You name it, there are plenty of paths to $2.50
    31 Mar, 08:59 PM Reply Like
  • Patrick Young
    , contributor
    Comments (946) | Send Message
     
    Further share dilution < the fudge factor in my calculations.

     

    One last thought: A lot of the investor fear is related to feeling like a naked child in Grizzly country. The NSC announcement gave me a great deal of confidence and future deals with multibillion-dollar companies that Axion is in talks with will also strengthen my, and everyone else's resolve. From an activist point of view, I hope management has publicly entering partnerships with these high-profile customers as a top priority.
    31 Mar, 09:00 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    NGS> If Blue Horseshoe does not love Anacott Steel neither will anyone else.
    31 Mar, 09:06 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (228) | Send Message
     
    ngs, you remind me of the bridge-crossing scene. Do you know your favorite color? I'm an axionista! No wait, I'm not! I think...
    31 Mar, 09:23 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    ngs, great movie, perfect analogy, funny funny. The knight survived, IIRC.
    31 Mar, 10:33 PM Reply Like
  • RuggedDC
    , contributor
    Comments (182) | Send Message
     
    JP,
    Blue Horseshoe…Anacott Steel. This is about the third time you have used this metaphor. Could you explain it, please? I don't understand either reference, nor their conjoining.
    31 Mar, 10:33 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    This horseshoe will not sell any Axion shares, and will continue to buy. I can remain solvent as long as the market remains irrational. I just feel we require a lucky general and TG is not he.
    31 Mar, 10:36 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Great line from a great movie. In our case, us Axionistas are "Blue Horseshoe" and we need to spread the word about the PbC.

     

    http://bit.ly/1ok2VST
    31 Mar, 10:54 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    I reported the six postings above to SA as abuse. They feel this is an appropriate response to a comment. In future when you do not agree with another poster it is ok to make the same silly comment six times to get your point across, but you can not write in all capital letters.At what number of postings do they feel it is not appropriate ten, twenty, four thousand.
    31 Mar, 11:23 PM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    JP: I'm with mayascribe on his comment about your 6:04pm note. Investors, including Axionistas have been buying and holding well over 100m shares.

     

    If TG needs a strong share price and he can't deliver results then maybe he needs to make a change in his approach to Axionistas.

     

    The basics with regard to the conference calls and actually answering questions would be a nice start. Providing straightforward answers to questions rather than splitting hairs and making misleading statements would also help. Honest timelines would be most important. An ounce of respect would also be nice. Since he doesn't have institutional investors maybe he could treat us the same way he would treat an institution.

     

    We are doomed if TG shows the same creativity in managing battery technology that he demonstrates in managing his decidedly unconventional share holding base enabled by the new communications technology.

     

    Tom Granville needs to lead. I think he should cut the BS and speak straightforwardly to us. If he has to apologize to a potential customer for saying too much, so be it. If they walk away then too bad for them. CEOs have to balance the needs of multiple constituencies. TG doesn't seem to understand that he has to manage his investors. He's lucky the market cap is as high as it is.

     

    I'm really ticked.
    1 Apr, 01:21 AM Reply Like
  • jmcmean
    , contributor
    Comments (25) | Send Message
     
    John,

     

    It's sad to see the recent comments of yours. It is almost as if you want us to hang on to blind faith and keep buying. I understand you are fully invested enough, not to invest more monies.

     

    The one and sole reason anyone is an Axionista is the eventual hope to make money. One cannot cling on to a stock for loyalty's sake, it is a fundamental investment mistake.

     

    Many Axionistas continue to invest their hard earned savings time, after time, after time again, only to be met by disappointment again and again. You have played a valuable role for the company by very eloquently arguing Axion's case, in which you are personally heavily invested. I dare-say many of us invested because of the conviction you have portrayed and the eloquent arguments you have made.

     

    There is a lot of bashing of TG here - I am sure he is equally, if not more frustrated. It is perfectly understandable his lack of visibility due to the nature of his customers, but I think he can do much better in not laying out expectations, until he is pretty much sure on what he can deliver. I am certain that many of us have bought in after what he had said.

     

    John, I think we need to be more open minded about whether TG is right for the job. He did well in keeping the company alive and that's no easy task. But maybe, just maybe if under different hands, Axion can do much better. I have seen private and public CEOs replaced for much lesser reasons and the company just takes off after that. Unfortunately, this can only be a debate amongst us, as the Board decides.

     

    I have seen on this blog different companies announcing wins after wins (in grid deployments) - why not us? Do we really have a true value proposition as all technical info leads us to believe, or are we drinking out own coolaid? Sometimes, the most technically sound solution is just not adopted for a variety of reasons e.g. the good enough is cheap enough, the problem is not painful enough etc. I have painful experiences about large companies engaging for a long time with smaller companies - the small guys think they have a chance and continue to portray to their boards as such, the big guys see these as science projects. I certainly hope this is not the case for Axion.

     

    I am heavily invested since 2 years ago and had continued to buy in. But, I will not do so this round and will rather wait and see.

     

    And for the Elon Musk bashers out there, I encourage you to take a look at what he has done. His companies PayPal, Tesla, SpaceX and Solarcity are all hugely disruptive, individually enormously difficult to make successful technically and financially, but yet are considered the best companies in the areas they play in. It's not just money, but sheer grit and conviction. You should read about how he single-handedly dragged Tesla and SpaceX from the pits of bankruptcy during the financial crisis. I have a deep respect for the man... even though I don't like lithium.
    1 Apr, 02:34 AM Reply Like
  • Retired Aviator
    , contributor
    Comments (1446) | Send Message
     
    Paypal a 'best' company in its class?? It is universally loathed by ebay sellers due to outrageous fees. Musk used a loophole to make Paypal a pseudo bank thus skirting bank regulations and attendant costs.
    He outried lied when he started Paypal in 2000 by advertising to ebayers that there would be no fees. I registered for Paypal back then and the FAQ page specifically said that money transfers on Paypal were all free because it made its money off of the interest spread on the pooled balances of all the Paypal accounts. They were free for a while. Now you receive money in your Paypal account and the troll takes 3%. Can you imagine your bank taking 3% of all incoming monies to your account?

     

    Deception. Bait and switch. Outcompete banks and other payment services through lies and an ebay user monopoly won by sheer critical mass.
    1 Apr, 02:58 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Rugged, all I know is that it is from the movie Wall Street. It seems to be one of JP's go-to cut-and-paste phrases. Perhaps he can explain, but to me it just implies the system is rigged.
    1 Apr, 08:54 AM Reply Like
  • Noahfreak
    , contributor
    Comments (24) | Send Message
     
    Many new investors have made money being long AXPW, myself included, so there's new money to pump the price. I'm optimistic that this thing is poised for rocket trajectory at some point, so I'm still long. A stock from a surviving company can't get hammered this much without a huge swing in the other direction.
    I remember back in 2009 even GM had a big upswing even AFTER it was announced that the shares were going to expire worthless. That was clearly due to irrationally positive investor psychology. All the while Ford continued to get hammered down near a dollar even though it was clear to anyone who could read a set of financial statements that they were sitting on a mountain of cash at the time, and were in no way in danger of bankruptcy.
    Given that example, it's clear to me that AXPW's stubborn funk is due mainly to irrationally negative investor psychology, considering that the company is still more than viable, with a bright future outlook, in an investment environment that's getting better every day.
    If AXPW is going to have a jump in price, it needs more cheerleaders, like JP says. If it get's that traction, it'll take off.
    1 Apr, 09:09 AM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    true, true RA . . . few know that history. I will not worship at the alter of St. Elon. Neither will I crucify TG simply because Axionistas don't get what they want when they want it.

     

    In general, with regard to investing, patience wins.
    1 Apr, 09:52 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Noah, great to have new money buy in. Just the refresher we need. Some of the old guard have hit their holding period wall, so great to see them getting replaced with investors with holding periods just starting.
    1 Apr, 12:06 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    Bazooka supplied the link.

     

    "Blue Horseshoe loves Anacot Steel" was a stock tip from the 1987 film "Wall Street."

     

    http://bit.ly/1ok2VST
    1 Apr, 07:27 PM Reply Like
  • jmcmean
    , contributor
    Comments (25) | Send Message
     
    A company has to pivot to find a viable business model, and unfortunately not everyone can be pleased when that happens. You are probably aware that Paypal was acquired by EBay in 2002. But there is no denying that Paypal disrupted positively the conventional payment modes during that time.
    2 Apr, 02:35 AM Reply Like
  • Retired Aviator
    , contributor
    Comments (1446) | Send Message
     
    jmc> When you specifically entice people to register for your service by telling them all money transfers will be free (as every major web presence EXCEPT ebay/paypal is free), and then once you've got the majority of ebay users signed up so that they ALL HAVE TO sign up as a practical matter, that is not "pivoting". It is lying. Bait and switch. It also tells you what you need to know about Musk's character. BTW, the early versions of web pages at paypal.com have been removed from web archives. That is not good faith.

     

    I further will deny the hell out of "that paypal positively disrupted" payment models. It's not that disruptive when you think about the vast, efficient infrastructure that banks have developed to clear payments. Paypal merely stitched an online interface to that infrastructure. Paypal was early with online payments but it certainly would have happened anyway.

     

    I was very active on ebay before Paypal when you had to mail a check or money order and it wasn't that terrible a system. Since there were no fees but a postage stamp I bet many ebay sellers would trade the troll's 3% to go back to mailed paper given the choice. The 3% is a killer for many ebay businesses that live on super competitive thin margins.

     

    Ebay/Paypal think they have a moat. They don't. They live in vacuum space they have controlled up to this point that evicted all competitors who simply lacked the scale. An online auction site is useless without masses of users. One day ebay/paypal will gets its clocked cleaned though simply because its fees are around 100 times what they need to be. Ebay/Paypal marginal cost on a transaction is virtually nil. They enjoy a monopoly now, but when you squeeze insane margins out of your customers, one day the castle will fall.

     

    I think Netflix could and should take on ebay. If they integrated auctions, say call it "NetBids", into their subscriber base with very low fees they would just kill ebay or force it slash fees dramatically.

     

    In 2000 a seller paid ebay about 4% and paypal zero. We complained that 4% seemed too high. Today it's around 9% for ebay and 4% paypal. The total is 12-13% compared to 4% in the early days. Every time ebay has changed its fees it has advertised that it is "lowering many fees!". What a joke. For a while its fee scheme to simply sell an item was so convoluted it was nigh impossible to figure out. Pages and pages of categorical contingencies. But people aren't stupid and when their monthly invoice goes up not down they know that you've raised the fees that matter.
    2 Apr, 01:37 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    i no longer sell on ebay unless i can find no other market, or i expect price of goods to fluctuate greatly against me in a short period of time.

     

    as a buyer i like submitting best offers. i still enjoy sniping. but i buy to resell mostly (collectible card games). so i don't really shop ebay either...

     

    i don"t expect the company to be aroung in 20 years, as amazon today is better 4 shoppers and sellers even if both parties on either side of that transaction have yet to realize this...
    2 Apr, 11:06 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    I've also noticed that the shipping prices have gone insane in many areas. Some sellers are complaining that it's the way ebay is handling the calculation. I've sold on ebay for years but shipping charges have become a huge drag on sales, imo.
    3 Apr, 08:58 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (968) | Send Message
     
    compare ebay's approach to amazons (thinking amazon prime).
    3 Apr, 10:57 AM Reply Like
  • obieephyhm
    , contributor
    Comments (1558) | Send Message
     
    i tend to agree that both amazon (for some higher value things to specialized audiences) and craigslist for getting rid of usable 'junk' at better-than-garagesale prices) are better options for a lot of things. I don't sell much via ebay anymore.
    3 Apr, 05:26 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (1446) | Send Message
     
    Amazon Marketplace fees are actually higher than ebay/Paypal combination but it is a great place to sell specialized high value books. Amazon book buyers will pay up. Ebay buyers want low price generally and it's also harder to sell books there.

     

    For selling items with broad enough appeal craigslist beats all as it is free and easy with no packing and shipping. I sold about $600 of stuff on CL recently and I buy on CL all the time. Furniture, estate sales. It's a wonder how life used to go on before craigslist.org! The drawback to sell is that CL is only a local ad while listing on Amazon or eBay is a national or even international ad. So it can take much longer to sell on CL. Quick to sell on eBay with a low starting bid and no reserve to bring in the bargain hunters.
    3 Apr, 05:41 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    I can't attend the cc tomorrow morning, but I think it's time to call management on their performance and demand some clear answers.

     

    Do you guys have your questions ready for tomorrow? :)
    31 Mar, 05:24 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    My analysis thus far:

     

    Uh-oh.
    31 Mar, 06:01 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >tripleblack ... Having done a first pass reading, I don't see any progress in commercialization. Momentum remains the same.
    31 Mar, 06:07 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    TB,

     

    I think "Uh-oh" would be if we lost the tolling contract. I think this 10k is just another Zzzzzz.
    31 Mar, 06:10 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    I share bazooooka's view. I wasn't expecting anything new in the 10-K---just continuation of their existing efforts. I don't see cause for alarm nor rejoicing. Same goes for my expectation for tomorrow's conf call. Anything really new will just be a bonus (and might come in the PR, too, like IIRC we've seen in the past---more color than the SEC reports). My highest interest is auto, because it can move the stk up by far the most, IMO. So if TG can add any color at all there, great. Not expecting much if anything, though, due to NDA lockdowns.

     

    Really liked how the # shares o/s was in-line w/ estimates that the PIPErs are very near the end.
    31 Mar, 06:28 PM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    bazooooka, not to ruin your day but I think the page 5 statement below implies that the toll contract volume will decline. Do notice that the way it is written may make one think that PbC will offset the decline but it doesn't actually say that.

     

    "As 2014 progresses, we expect a decline in our lead-acid battery production and an increase in the production of our PbC batteries."
    31 Mar, 06:31 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9584) | Send Message
     
    TB: I totally agree. Ut oh (it took me maybe two minutes to figure ut oh out).

     

    When these year end reports come in the very first thing I do is scroll right past everything and look at YoY net gains or losses (on page 30).

     

    The losses for 2013 were about $3.4M more than for 2012. This means that the cash burn rate (folks, that's our cash)has accelerated even though Axion claims it has changed from a development company to a production company, and has ceased (more or less) spending on R&D.

     

    I'll likely hold on to my shares, even will be buying tomorrow, if kneejerk selling takes the price down. But come late June, I will likely be selling to near zero my position, if nothing "significant" happens before then.
    31 Mar, 06:47 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Maya, if you would go thru your calc's of 2013 vs 2012 cash flows, that would be helpful to me. I think you're confusing cash flow w/ the income stmt. Personally, I could care less about the net losses, since they include a lot of non-cash items in 2013. Cash flow is what matters to me.

     

    So, I see a completely different picture. Cash used by operating activities was only $6.2 mil in 2013, a decrease of over $1.4 mil from 2012's $7.7 mil. Nice decrease in cash burned, and in keeping with what TG mentioned was a goal of Axion's.

     

    If someone prefers EBITDA, it decreased about $250k in 2013, from $6.78mil to $6.52mil. So a small decrease in EBITDA.

     

    CapX decreased from 866k in 2012 to $241k in 2012. I'd have to look to see if that is at least partially explained by the move from R&D biz to commercialization.

     

    And, the company slightly improved the projection for when they think new financing will be needed from, "beyond the third quarter of 2014" to "into the 4th quarter of 2014."
    31 Mar, 07:04 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Ugg, I hope the PbC part makes up for it and then some. Would be no fun to trade-in tolling revenues but still have inconsequential PbC revenues.
    31 Mar, 07:15 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9584) | Send Message
     
    Mr I: I haven't yet had the time to digest the full report; only read the comments here, and what's on page 30.

     

    2012 net loss was $8,553,285. 2013 net loss was $11,962,973. A YoY increase in net losses of almost $3.4 million. Could be due to some one time write-offs. I just don't yet know.

     

    I agree that net loss is different than cash flow, and that cash flow is much more important. Net losses can be attributed to many things beyond higher COGS, reduced margins, or just general lack of sales, etc.

     

    More work to digest coming tonight.
    31 Mar, 07:21 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Maya, I hear you. When pinched for time to review financial stmts, I usually first look at sales, then fin'l resources/cash flow.

     

    I think you'll quickly see how cash burn improved by looking at all the non-cash financial instrument line items that existed in 2013 but not 2012. Just back those out like on pages 21 and 31, and adjust for the decrease in CapX.
    31 Mar, 07:31 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    "As 2014 progresses, we expect a decline in our lead-acid battery production and an increase in the production of our PbC batteries."

     

    East Penn is building a new battery factory, which is scheduled to be finished in 2015.
    I expect the contract will end with that.
    I don't see East Penn's business slowing down. I feel this was a statement of confidence that we will have better things to do, than the toll contract, going forward. My Opinion of course.
    31 Mar, 07:35 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Yup, "into the 4th quarter of 2014" means 6 months of runway. Lets see if TG, and whoever the new CFO is, can get a decent placement done and not panic and do so only when price and circumstance dictate a positive outcome. Presumably after Axion has landed an oem contract of some sorts.
    31 Mar, 08:05 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    If Axion still needs the toll contract in 2016 to help keep the lights on and the factory free of cobwebs then we are all in deep trouble.
    31 Mar, 08:43 PM Reply Like
  • blauschuh
    , contributor
    Comments (55) | Send Message
     
    I'm waiting for the real 10k to be show up.

     

    I think this one was a copy and paste error from last quarter..................
    31 Mar, 06:10 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    Blauschuh, It's looking like they used the last report as the input signal and they ran it through a 7407 chip!
    31 Mar, 07:02 PM Reply Like
  • blauschuh
    , contributor
    Comments (55) | Send Message
     
    Yes... if that 7407 isn't replaced by 7404 soon.... I'm outta here
    31 Mar, 08:13 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    lol, engineer humor
    31 Mar, 09:41 PM Reply Like
  • dance621
    , contributor
    Comments (163) | Send Message
     
    Thought it might be useful to see word for word progress regarding automotive. Pasted below is the relevant "results of operations" comments for the last 5 reports. Read from the bottom up if you want to relive the suspense.

     

    Spoiler: The good news is that since the last 10K discussions have finally become "serious".

     

    current 10k
    Work continues with the vehicle manufacturers of micro-hybrid vehicles that we have been working with for the past several years. Serious discussions, and the exchange of test results, continue with vehicle manufacturers regarding partnering with them on advanced stage testing of a two battery system. As we have previously reported, the interest of several OEMs has been fueled by our White Paper that highlights the importance of “charge acceptance” in battery products designed for the micro hybrid and stop/start markets.

     

    Q3 13
    As mentioned in our second quarter, we have been working with an additional partner with respect to the manufacture of a product for the hybrid passenger vehicle market. That work has continued in the third quarter. We have made modifications along the way and will continue to do so with the concurrence of our OEM strategic partner.

     

    Q2 13
    Our hybrid passenger vehicle work continues. Our OEM partner asked us to work with an alternate manufacturer of our product so as to insure there will not be a “sole source provider” issue in the future. To date, the collaborative results have been productive from a manufacturing feasibility standpoint and the work continues. As long stated, since this initiative is in keeping with our future strategy (“to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry”), we have embraced the process.

     

    Q1 13
    Our hybrid passenger vehicle work has entered a new phase. The OEM, in an anticipated effort to insure they will not have a “sole source” issue, has asked us to pursue with them, an alternate provider of our final product. Since this initiative is in keeping with our long stated future strategy (“to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry”), we embraced the process. We are a few months into that program and it is going well.

     

    10K 13
    Work continues with the hybrid vehicle manufacturers we have been working with for the past several years. Third party testing continues under protocol developed with our longest standing OEM partner. We have also been in discussions with a new top 5 vehicle manufacturer regarding partnering with them on advanced stage testing of a two battery system. As we have previously reported, the interest of several OEM’s has been fueled by our White Paper that highlights the importance of “charge acceptance” in battery products designed for the micro hybrid and stop start markets.
    31 Mar, 06:34 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Thx dance---you saved me some time as I was gonna do the comparisons myself!

     

    The new verbage is plural, too. And includes exchange of test results.
    31 Mar, 06:47 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    CC Question:
    You have said hybrid at times and micro hybrid at times. Is it a the micro hybrid? A mild hybrid? A full hybrid? or What combination of the above?

     

    This one he might not answer.
    Are you working on a 48V automotive system?
    31 Mar, 07:15 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    "In November 2013, the Company announced it had received the first in a series of expected orders, for our PowerCube that is being commissioned into a solar project."

     

    "expected orders"; is this language appropriate, misleading, presumptuous or what?
    31 Mar, 06:42 PM Reply Like
  • dance621
    , contributor
    Comments (163) | Send Message
     
    Well the original sales announcement included a TG quote. I presume that is where the "expected orders" comment comes from

     

    "We have been working with several other renewable energy developers, and that work runs the gamut from 'early stage' to 'near shovel in the ground'. We look forward to announcing some of these additional initiatives in the near future.""
    31 Mar, 06:53 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    Previous quote shortly followed by the phrase: "the first installation is being completed early in 2014." The "first" of "a series"?
    31 Mar, 06:46 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    EM, to me, this just confirms my view that the expected orders TG talked about last conf call was for PCs. To me, he implied it, but never actually specifically said the expected orders are for PCs.
    31 Mar, 06:51 PM Reply Like
  • froggey77
    , contributor
    Comments (2768) | Send Message
     
    EM
    "Expected orders" is what we have had for months.
    With RFPs above dozens series is acceptable language. If there was an agreement for more by the one buyer, I expect it would have come out.
    No change IMO.
    31 Mar, 07:04 PM Reply Like
  • dance621
    , contributor
    Comments (163) | Send Message
     
    "'m so sick of hearing that the low price of AXPW is the fault of bottom-feeding Axionistas rather than the primary fault of a CEO whose words can't be trusted, who can't seem to close a sale despite a technology that ought to sell itself, and who destroys shareholder value by desperately turning to schlock financing because he can't sell serious substantial investors on the story he's sold to us Axionistas."

     

    Here here Alpha. I own a business. I have survived in a sector that has experienced a death spiral in the last 5 years. You have to make offers to clients they can't resist. Practically force them to buy your product. Why not make it a race. First automotive company to commit to the technology can be exclusive for 3 years (no first to test but first to launch). That would get their attention.

     

    Or how about heavily subsidize a couple of powercubes with select high profile solars (should have already been done).

     

    TG is going around shaking hands, probably coming out of meetings saying "I think that went well" and then waiting for the phone to call.

     

    NS and ePower are different. But there are several potential automotive and solar customers. You need to play the game.

     

    We had a huge surge in stock price a month ago on news/rumour/PLUG coat-tails that cleaned out most of the PIPEs. There has been no sustained share price increase because of the last of large sellers. I predicted then and if I have not been shown to be correct already then I will predict again. There will be no sustained increase in price to 50c plus let alone a buck without news. Lack of heavy selling is not enough. AXPW needs to sell something.
    31 Mar, 06:50 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    Exactly right, Dance. The idea that TG is a competent negotiator flies in the face of every piece of available evidence. He has a bull by the tail yet was forced to give away half the company for a pittance because he cannot figure out how to use the leverage afforded by technology that he himself has brought to fruition.
    31 Mar, 11:07 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    If the board won't replace TG, maybe we should replace the board. I plan to vote against all board nominees until such time as they show some cajones.
    1 Apr, 09:02 AM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    I was just reminiscing about how excited I was when this was first reported. I thought finally we will be selling something!

     

    "In January 2013 we announced that our Residential Energy Storage Hub ("HUB"), had achieved certification to UL1741, IEEE 1547 and Canadian Standards Association (CSA) safety standards. The certification effectively allows the HUB to be marketed and installed throughout North America. The UL 1741 Standard covers converters, inverters, controllers and interconnection system equipment for use with distributed energy resources. The Residential Energy Storage Hub offers secure home power for the residential market segment including uninterruptible power capabilities, as well as an ability to store energy from renewable sources or from the electric grid. The HUB also protects a residence's electrical circuitry, prioritizes its circuits and has the ability to be grid-connected so that, either on a regular or occasional basis, the homeowner – through a group - can participate with a local utility in demand-response and/or power curtailment."

     

    I believe the reality is that if TG had something good to report he would of announced it from the tallest mountain and since he apparently does not he has attempted to spin words to confuse the issues; smoke and mirros. I am guessing that he assumes that if he told us Axionistas the truth we may not like that either so he chooses smoke and mirrors!

     

    I am certain that once he recieves a purchase order for anything he will inform us. He knows the importance of the stock price and what is needed to achieve higher price per share but he evidently is not able to close the deals yet! The story has not changed much in the past couple of years and I believe all of us that continue to hang out here and decipher each word in the obviously flat 10Q are feeling a bit desperate and we keep hanging on day by day waiting for that significant order to finally arrive! Maybe tomorrow will be the day, if not, maybe next week!

     

    The 4th quarter starts 6 months from now!

     

    Tick tock went the clock!
    31 Mar, 07:29 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    I heard somewhere that when things appear their worse is when a change can be expected!

     

    Tomorrow's conference call should be interesting, if not boring!
    31 Mar, 07:49 PM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    Do I understand correctly that the $320k Cube investment will in addition to providing valuable solar storage/smoothing generate >$9k per month or $110k per year for the owner?
    -- Retired Aviator

     

    If this is what it sounds like, it is another example, like ePower, where if you are not first mover, you will regret it.
    How can a company walk away when the return is so obvious?

     

    Where else will you get >$9k per month income or >30% fuel savings??
    31 Mar, 08:06 PM Reply Like
  • Al Marshall
    , contributor
    Comments (495) | Send Message
     
    Remember, the cube is not the entire system. Going back to the model that Axion released on January 31st, the storage system costs $225k per 100kwh. The Princeton Power press release from January 21st (link below) states that the system has 300kwh of PbC batteries so, if true, the storage portion of the Bysolar project should cost in total $675k. If it's 400kwh then $900k.

     

    The January 31st information from Axion indicated that the sample system with 400kwh of storage would generate $115k/year of frequency regulation income vs. the 10k which says the installation will generate $108k. If Princeton Power is right on the quantity of batteries then the frequency regulation revenue per kwh is $360 vs. $287.50 from the Axion January 31st announcement. Again, if the Princeton Power release is correct (it was issued first) then you can see that the Axion release didn't use the real numbers for the bysolar project.

     

    Now, given that the Bysolar contract netted Axion $320k. If it is 300kwh then it could be roughly 600 30HT-sized batteries, which at $357 each would be $214k for batteries or 2/3 of the contract. If it were 400kwh or 800 batteries then the batteries would make up $285k of the $320k contract. Maybe iindelco or 3 could provide an informed estimate based on the other aspects of the project, if this hasn't already been determined.

     

    I think this means that the IRR for bysolar is roughly the same or even higher than I calculated in my spreadsheet derived from the January 31st press release.

     

    I'll close with a quote from the Princeton Power press release, which you all probably have seen although I'll admit I haven't because I sometimes get lazy and don't click on all the links...Busted.

     

    “When configured for frequency regulation, the Princeton Power Systems 500kW inverter combined with Axion’s 300kWH
    battery creates a revenue-generating backup power system,” said Darren Hammell, Chief Strategy Officer and Co-
    Founder, Princeton Power Systems. “The investment in the system will be repaid within five years while providing the
    assurance that power will always be available should the grid be impaired.” [I calculated a 4.4 year payback in my model based on the January 31st press release].

     

    http://bit.ly/1gj0Soa
    1 Apr, 12:14 AM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    Al, IINM the ~$357 PbC price is one that applies to batteries used by ePower which is smaller than the 30HT. Could be wrong on that, but the earlier observed price point for NSC's $475k purchase order for NS999 batteries (864 PbCs) suggested a 30HT PbC price more on the order of $450 - $460. The 600 PbC battery count used in you calculations was confirmed by TG in the November CC.

     

    At $450 per 30HT, 600 PbCs would amount to $270k (84% of the total), leaving $50k for other components supplied. From Axion's PR on the sale, "The $320,000 purchase order includes batteries, racks, wiring, data communication system and electronics coordination (electronics and power system to be provided by Owner)." While 600 30HT PbCs are rated as storing just 300kWh of power, they are fully capable of providing 500 kW power surge for FR purposes according to Vani Dantam (personal telephone conversation).
    1 Apr, 12:05 PM Reply Like
  • Larry Meade
    , contributor
    Comments (99) | Send Message
     
    Well, we have seen a K-10 that tells it as it is and maybe a little more pessimistic because of the requirements of government forms. I would not like to be in TG's shoes right now because he can not win with what is happening which is beyond his control. The reality is that Axion has a great battery which is superior to other technologies for several applications. What is unfortunate is that these applications are not providing revenue for the company at the current time.

     

    While disappointed, I still have faith in the product which Axion has developed and will do whatever I can to support the company as an investor.
    31 Mar, 08:16 PM Reply Like
  • growsmart
    , contributor
    Comments (158) | Send Message
     
    Supporting the company is what is needed.
    If anyone thinks abusing and defaming the CEO is :
    1) A good way to attract new wholesale or retail investors or
    2) A good way to encourage the CEO to give detailed and in depth answers to callers who may be the ones running him down
    I've got a great bridge I can give you a bargain on.
    31 Mar, 08:35 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1823) | Send Message
     
    Precisely, guys.

     

    I understand the desire to yell at someone: "Sell some batteries! Make the stock go higher!". I'm sure it would be very cathartic.

     

    But it would accomplish nothing.

     

    D
    31 Mar, 08:52 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    The best way to support the company share price is to sell batteries, that is TG s job. QED.
    I have never before made a disparaging statement in relation to Axion or TG, but I feel that the PIPE financial arrangement should deserve a final written warning in the absence of a good and coherent reason as to why he entered into it now that it is all over.
    31 Mar, 10:48 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    We have seen where the existing CEO has brought the share price of AXPW. Perhaps getting a new CEO is exactly the key to getting new invesors to jump on the Axion Power bandwagon.
    31 Mar, 11:18 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    RBrun> "I believe the reality is that if TG had something good to report he would of announced it from the tallest mountain and since he apparently does not he has attempted to spin words to confuse the issues; smoke and mirrors."
    --
    RBrun> The following is a good example: --- "As 2014 progresses, we expect a decline in our lead-acid battery production... and an increase in the production of our PbC batteries."
    ---
    The decline in lead-acid battery production seems like a potentially huge development, but TG seems to be trying to deflect attention to it by following it [in the same sentence] with vague talk of an increase in PbC production. Anyone else concerned about this decline (which based on the best information available, seems like it will be roughly in the 1%-100% range).
    31 Mar, 08:44 PM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    I read it as it is, they are offsetting the decline in traditional with PBC's. Seems to be in alignment with them extending the cash supply until Q4 2014.
    31 Mar, 08:58 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    WIO,

     

    I really want to believe that the increase in expected PbC production is why the decline in lead acid is being planned. But the way it is worded along with the lack of success to date will not allow me to feel confident with that belief, hence my smoke and mirror statement.

     

    My thoughts very easily could read the statement as Axion has been notified that their services will not be needed in the future for lead acid battery production so TG is hoping that PbC production will ramp and take over the slack.

     

    I really wish some of these key data points were a little better explained. I think Axion should take some pointers from JP as he states that he has learned a lot regarding communication since writing articles for blogs.

     

    But if the fact is that Axion is loosing the future lead acid production against their wishes what else would we expect TG to say? The truth plain and simple even if it is not what we want to hear or use a little smoke and mirror to dodge the issue and hope for the best?

     

    I sure am anxious for those significant orders to finally show up so we can turn the page on this chapter.

     

    I remain optimistic that it is going to happen but I continue to hear the tick tock of the clock.
    31 Mar, 11:51 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1137) | Send Message
     
    @Wayne: Don't know... looking to the CC tomorrow for some clarity.
    31 Mar, 08:46 PM Reply Like
  • Valleywood
    , contributor
    Comments (649) | Send Message
     
    dance, do you have anything to suggest that TG has not made an exclusivity offer. Actually his sales force would make the offer, but you get my meaning. You suggest he make some offers and that seems reasonable. Are you in a position to know he has not?

     

    FWIW, I don't think we have the resources to subsidize much more than a pack of gum so that idea seems weak. I guess I believe in the notion that people in the business know oceans more about it than I who only watch the business. If I knew more than they, I would be the Chairman and they would be the watcher.

     

    As much as it sucks sometimes it seems to me that in the end we pay professionals to run our business and then have the courage to let them do just that. Either that or seize control and run it ourselves.

     

    While I agree not much headway seems to have been made in the past quarter, but a great deal has been made in the past year. Inasmuch as I invest in five year increments seems I don't personally have much to whine about.
    31 Mar, 09:52 PM Reply Like
  • Alphameister
    , contributor
    Comments (1428) | Send Message
     
    In the past year, the price of AXPW has gone from 27c to 17c (via 9c). Please excuse me for declining to participate in your champagne toast of Mr. Granville. Whatever progress he might have achieved in the past year was more than offset for Axion shareholders by one of the most incompetent financings ever.
    31 Mar, 11:28 PM Reply Like
  • dance621
    , contributor
    Comments (163) | Send Message
     
    VW, obviously I have no idea how Axion are doing their marketing. All I/we know is two things. Axion has an amazing best-in-class product and they can't sell it.

     

    I refuse to believe americans can put a man on the moon or drop a nuke on japan in the same time scale it takes to test a battery.
    1 Apr, 08:35 AM Reply Like
  • Valleywood
    , contributor
    Comments (649) | Send Message
     
    Alpha & dance, I have to agree with your assessment by your criteria. But I also have to say that based upon your criteria,and that alone, that I would sell. If one believes that management is incompetent and is out to destroy shareholders then my own decision matrix leads me straight to sell. Either that or seize control and run the company as I see fit.

     

    I've never seized control of a company because I cannot. I have sold many because I could. But never under any circumstances have I held a company I thought was lead by incompetent or worse, deceitful management.

     

    But to each his own.
    1 Apr, 11:41 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1137) | Send Message
     
    <<<<<<I refuse to believe americans can put a man on the moon or drop a nuke on japan in the same time scale it takes to test a battery.>>>

     

    LMAO!
    1 Apr, 02:19 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Reading between the lines in the 10-k and considering the new board appointment, I get the feeling Axion may be thinking to shop around to sell itself to a larger company that can afford to take this product forward. Statements to the effect that they can't even afford to defend their IP under current circumstances and the new list of potential adverse factors to consider just seem like they are trying to telegraph something. Add to that a new board member with expertise in preparing companies to sell. It might also explain the early departure of our fledgling CFO. Maybe it's not such a bad idea. I just hope they can get at least $.25/share in any kind of deal like that. That would value the company at $50M, which might be a stretch without some good salesmanship.
    31 Mar, 09:53 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    Every disclosure document ever written for a micro-cap technology company cautions that patent litigation is immensely expensive. You're using boilerplate disclosure and innuendo to make a mountain out of an anthill.

     

    Just out of curiosity, why are you so afraid that Axion might succeed?
    31 Mar, 10:14 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    I'm glad I didn't invest in moles.
    31 Mar, 10:23 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (1446) | Send Message
     
    It's a bad idea for a struggling nano cap to "shop itself around" even if it wants to be bought. Soliciting bids means looking desperate and getting lowballs. Better to play the hard to get coquette for the best possible offers. Best is to fend off any and all buyout offers for years, only accepting a good one as a last resort in the event your back is to the wall.

     

    My sense of Axion is that it wants to control its destiny which is good for us. I'll take the dilution risk. I don't think it's 5 more rounds until compelling paths to sales break us out but it might be 2 more rounds.

     

    Dilution factor going forward thus could be anywhere from severe to negligible. Yes if the pps doubles or triples before the next round the new investors could easily pay more per share than the market is offering right now, making dilution a non issue.

     

    We know the PbC is a hell of a product and an eventual winner, but as far as choosing an entry point to buy shares it's a roll of the dice.
    1 Apr, 01:09 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    JP, I would love to see Axion succeed. It's just that, in the past two years, I have seen only evidence of incompetence, missed projections, and poor visibility, and delay after delay. I am just calling it like I see it. I've been burned too many times in the past to not speak up about the risks as I see them. What you call boilerplate is not something I have ever read in a 10-k. Do you think Apple, or Tesla have statements in their reports to say that they can't afford to defend their IP?

     

    This is the third or fourth time you have questioned my motivations. While you are obviously good a what you do, it's clear to me that your goal is to promote this stock in your own self interest. Based on the absurdity of your recent statements about bottom feeders, your history of being dead wrong about Axion's ability to sell batteries, and the fact that you yourself are not buying while relentlessly promoting the stock to others makes me question your credibility, too. It would not surprise me to learn after all this shakes out that you have been selling all along while encouraging others to buy.
    1 Apr, 09:16 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    Unlike your rich two year history I've watched the PbC develop for a decade. I've watched it progress from a science fair project to a world class product. During that entire period I can't identify a mis-step in the fundamental business. The points you posit as proof of incompetence all boil down to one issue – management underestimated the amount of time first tier customers would need to make a buying decision.

     

    The incompetence you're beating the table about today has economic giants like BMW, GM, PJM, NS and Cummins seeking out the company of an economic dwarf. Do you think they might have a different view of management? Do you really believe the dwarf could force the giants to act faster if it only had a different manager?

     

    I've never seen an SEC filing from a micro-cap company that didn't raise the issue of patent litigation costs as a significant risk factor. You don't see it in reports from companies that have billions on their balance sheets because mere millions don't matter to them. You always see it when the balance sheet is expressed in tens of millions because then mere millions are a monster issue.

     

    My average cost is roughly $1 per share and while I'd love to see the price in a range where I could take a respectable profit on an investment I've held for almost eight years, I don't see that as a likely near-term event. The suggestion that I've been a seller or will be a seller at any time in the foreseeable future is both ignorant and offensive.

     

    Over the last four years the retail investors we affectionately refer to as Axionistas have absorbed about 200 million shares and are firmly in control of the company and the market price. When there were big holders who could beat the price senseless, the Axionistas had to take the daily beating. Now that the last of the big holders has gone and there is nobody left to beat down the price, the future direction is entirely in the hands of the Axionistas.

     

    The Axionista horde has vanquished the opposing legions and can walk through the gates unimpeded to sack the citadel. They can also decide that they'd rather just go home instead of taking the prize they've earned.
    1 Apr, 09:30 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    >>The suggestion that I've been a seller or will be a seller at any time in the foreseeable future is both ignorant and offensive.<<

     

    Now you know how it feels. Let me know when you are buying again and maybe I'll take you seriously.
    1 Apr, 09:38 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    >>I've never seen an SEC filing from a micro-cap company that didn't raise the issue of patent litigation costs as a significant risk factor.<<

     

    True that may be, but they changed the language of the "boilerplate" this year. That may not mean anything to you, but it raises a flag to me.
    1 Apr, 10:01 AM Reply Like
  • JamesBBecker
    , contributor
    Comments (172) | Send Message
     
    John:: Are you saying that the PIPE investors have sold the last of their shares? Did a miss a comment by you saying that was so?

     

    I figured they still have 1-2 million left.
    1 Apr, 10:53 AM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I said they've been issued all the shares they're going to get. There's really no way to know whether they've sold all the shares they received. If I was down to my last little bit of inventory and had already booked a solid profit, I'd probably sell the balance slowly to maximize my profit. Since the PIPErs have proven repeatedly that they don't buy green bananas at the grocery store, I don't want to try and predict what they have done or will do. In any event, I don't believe they have the power to push the market price down.
    1 Apr, 11:02 AM Reply Like
  • D-inv
    , contributor
    Comments (3886) | Send Message
     
    "... they changed the language of the "boilerplate" this year. "

     

    And, the 10K was prepared by a new/different CFO. The risk mentioned is one that coulda/shoulda been noted a long time ago.
    1 Apr, 12:23 PM Reply Like
  • rhyse12
    , contributor
    Comments (169) | Send Message
     
    Off topic, but a thank you..
    Played golf with a man employed by AAB, involved with mining. Anybody who uses the term " relief " to describe course topography has a geology background. " Relief" is what I call the beer cart.
    Which turned into a running discussion on ore, ore processing, and the cost and availability of minerals and materials. Gleaned much knowledge, and his statements looking forward confirmed much of your opinion on mining. The prospects of Tesla, and it's current price, also brought much relief to a pair of embattled hackers, spoiling a good walk.
    Thanks for the knowledge. You never know what you will find in the Axionista closet that could serve you going forward in life.
    1 Apr, 01:34 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2164) | Send Message
     
    ngs - regarding defending IP costs

     

    There are definitely some issues with Axion and its management. However, the 10k boilerplate about defending IP is very, very common (and real) in small cap stocks. Do go look at almost any other small cap stock with significant IP.

     

    Obviously Apple, Google, et. all., have tremendous legal warchests and can defend their IP. JP's IP comment is spot on in this regard. [We may disagree on other matters.]
    1 Apr, 02:40 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Rick, I appreciate your comment. My main point about the IP protection clause was not so much about the fact that it is in the 10-k, but the fact that the language changed since last time. The change seems to convey increased concern about the need to conserve cash, which I suppose is not surprising.
    1 Apr, 02:53 PM Reply Like
  • John Petersen
    , contributor
    Comments (29444) | Send Message
     
    I don't know what you see in the Form 10-K that strikes you as an alarming change from prior years, but I'll tell you straight up that I just reviewed the disclosures and confirmed the 10-K does not significantly change paragraphs I wrote several years ago while I was Axion's securities lawyer.

     

    You're making a mountain out of an anthill.
    1 Apr, 03:18 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    I only mentioned it in the context of the overall tone of the 10-k. You guys are the ones who keep bringing it up. I've already stated that I heard satisfactory answers at the CC today.
    1 Apr, 03:47 PM Reply Like
  • magounsq
    , contributor
    Comments (967) | Send Message
     
    ng

     

    one must be careful when questioning a man's integrity...money is one thing...a man's honesty is another...
    1 Apr, 09:27 PM Reply Like
  • iindelco
    , contributor
    Comments (8762) | Send Message
     
    Magounsq. I understand your point.

     

    I find the most respect for those that have the conviction to build the harder part of the two elements and then gather the latter of the two.

     

    I know there are contributors on this board that have close to this level of character. And I appreciate their input. And yet I cannot disregard Maslow's hierarchy of needs. So we are human.

     

    I don't think there are any saints that contribute here. But some are far closer than I. Listen wisely.
    2 Apr, 01:15 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message