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  • Mike Pepin
    , contributor
    Comments (5) | Send Message
     
    Uno!
    6 Jun, 07:49 AM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    The "First Week in June" comes to a close.
    Hopefully we will get at least a big grin from JP.
    ;-)
    6 Jun, 08:20 AM Reply Like
  • Charlieburg
    , contributor
    Comments (55) | Send Message
     
    I have to jump in here and claim THIRD!
    6 Jun, 09:44 AM Reply Like
  • dlmca
    , contributor
    Comments (334) | Send Message
     
    For some months now I have been expecting June to be the month of Axion's announcements of significance (sales. PO's, other)

     

    This has been based on inevitable delays (which we have seen); better weather with which to work in the spring; the urgency that comes in advance of Summer holidays; and more recently the need to have happy shareholders as a reverse split is sent for approval

     

    Nothing has changed my feelings

     

    Hope my instincts and thoughts are in tune with reality
    6 Jun, 10:00 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Anyone who thinks the NS999 roll out will cause a significant stock price bump should be buying now. Although we don't know exactly what day that will happen, it is probably the only near-term thing we can count on with a fair degree of confidence.
    6 Jun, 10:25 AM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    What's also great is that it's a news piece attached to a first tier public company. Axion's PR will mostly hit AXPW followers. NSC news would hit the rest of the market.
    6 Jun, 10:59 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    I can't see how the 999 rolling out will have any significant impact on the price; it is already baked into the price. It is not a surprise.
    6 Jun, 11:03 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    what do you mean by "roll out?"

     

    NS press release?

     

    I expect some non-official (not NS) pics of "rolling," but nothing official from NS for a depressingly long time in relation to the reverse split timing. Probably months of testing ... gotta find out if the rack designer subcontractor really know what they're doing in this particular somewhat unique application.

     

    I wonder if they "over designed" those racks, or whether it's possible that the stresses/forces are significantly different between a switcher and an OTR unit. Even if an OTR unit gets ordered, it may take a depressingly long time to even get built (who knows how bad this coming winter will be?), and then undergo long term testing as well before any substantial order results.

     

    TG's biggest challenge of the next few months might be getting NS to let him say anything positive. Maybe they'll let someone snap a pic of him "riding the choo-choo" but without anything more official than a few feel good words about "still working on it" in the Sustainability report. Next CC we'll here more about "really good meetings" but nothing about real orders.

     

    I think anyone doing significant buying now is betting on the reverse split being tied to some type of "REIT-lite" (patent pending) deal or deals being announced about the same time.

     

    Lord help us if nothing like that is announced quickly thereafter, because while we won't drop back to the pre-RS price, we could still lose a big percentage chunk as people lose faith. ePower will help, but "stuff" seems to happen to them, which while predictable, still is the same old story for us.

     

    Somebody pass me the hopium pipe ...
    6 Jun, 11:05 AM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    "it's baked into the price"

     

    Maybe for the Axionistas who post here, but I think there are many lurkers who are waiting for confirmation to buy. Not to mention the rest of the market who will hear about Axion for the first time, when it's NSC's PR and not Axion's.
    6 Jun, 11:07 AM Reply Like
  • DRich
    , contributor
    Comments (4417) | Send Message
     
    >wtblanchard ... The Crescent road slug project is scheduled to be completed in 2017 or 2018 (I forget). I would imagine that IF a battery solution were to be found this is the timeframe it would hit the operations side of things. That says to me that by 2015 or 16 a prototype will be rolling around somewhere.
    6 Jun, 11:33 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    >DRich ... there's a schedule???? I thought I had been paying attention, but that's news to me ... would love to see a reference/link if you or anyone has one!
    6 Jun, 11:39 AM Reply Like
  • DRich
    , contributor
    Comments (4417) | Send Message
     
    >wtblanchard ... Don't formally have one. The easiest public reference I know of is in the AltoonaWorks Facebook thingy a couple of months back when he pictured a slug in teardown and mentioned the timeframe. I'm going by memory here right now ... so you're fairly warned.
    6 Jun, 11:52 AM Reply Like
  • D-inv
    , contributor
    Comments (3881) | Send Message
     
    "I can't see how the 999 rolling out will have any significant impact on the price; it is already baked into the price. It is not a surprise. "

     

    Softening price as the week progresses without sight of the NS999 moving under its' own power (per TG's CC pronouncement) just might suggest 'the dough is falling'.
    6 Jun, 12:01 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    DR: I agree, your estimate of the 2015-16 window makes a lot of sense. The RR bill I had hoped would pass this political season (seemed like a good candidate for bipartisan vote buying to me) is bogged down and will probably not see the light of day until 2015 or later at this point.
    6 Jun, 08:13 PM Reply Like
  • DRich
    , contributor
    Comments (4417) | Send Message
     
    >tripleblack ... Don't lose faith. Eric Cantor is the hold up on bringing the transportation bill(s) to the floor at the moment. I believe a large part of that is the Tea Party opposition he faces on June 10. The transportation appropriation is virtually a must pass bill so look for movement in July.

     

    As to the road slug build program, I know it exists and is underway as of this year. I remember seeing a projected number that I thought very low ... but I don't seem able to find it anymore. It leads me to believe it is similar to the switchers that are on the schedule. Plans are to build just what is needed right now (2017) with best available technology. I've no idea if batteries are even in the mix for road slugs or to what purpose they are being built ... part of existing train consists or autonomous pushers or whatever.
    6 Jun, 08:33 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    http://bit.ly/1j89FLW

     

    Good overview of the bill's situation. The Highway Trust Fund appears to be about empty, and keeping the money flowing is a problem.

     

    It would appear that some sort of short term stopgap focused narrowly upon their primary concerns is likely to get passed, just to get the politicians through the election without having to actually take a political risk.

     

    Cantor has a strong lead in the 7th, just not as strong as they might like to see. So long as the Tea "Party" tries to work within the Republican Party as a wing of that organization, the Republicans will face problems like this.

     

    You may well be right that we finally see the logjam break up in July, but the results for the Transportation area appear to be drifting toward punting into 2015, past the elections.
    6 Jun, 10:36 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    The government runs a 'Trust' Fund!?! That's gotta be a joke. Oh, it's empty?!? I guess the joke is on us.

     

    8 Jun, 08:26 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    I think the more realistic term is a "Trust us Fund" – as in you can until you can't.
    8 Jun, 09:24 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    ATDF offers 200K @ $0.16 @ 10:05.

     

    HardToLove
    6 Jun, 10:07 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Somebody just bought a 85k shr chunk of it. That's just about front-page news these days, lol, while we wait for June developments.
    6 Jun, 10:57 AM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    HTL, do you think the heavy selling today is related to the RS or lack of news on our new CFO?
    6 Jun, 03:52 PM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    What heavy selling? We had a third of average volume, mostly based off of one seller who is still retail sized, and maybe some associated selling around it because some saw a large ask. But who knows why that one person is selling.
    6 Jun, 04:04 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    Compared to the rest of the week, today's volume was huge. Avg volume now is down to 550K. We did about 2/3 of that. But there was a lot of downward pressure today.
    6 Jun, 04:11 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Masi: Buys:sell ended at 1.49:1 (50.95% "buys"), so it wasn't heavy selling.

     

    But price behavior could easily make it appear so: changes to low -2.21%, high -1.99%, VWAP -2.27% and volume 35.49%.

     

    As to what's causing it, my opinion on that would be no better than opinions of anybody else.

     

    I've wondered the same as you on that, and added in waiting for (NSC) 999, another sale, ...

     

    If what we see discussed here is any indicator, I suspect a general lack of belief that things can go as planned. I would guess that would cause folks to feel missing a small bit of any potential upside is more than offset by eliminating any more downside risk.

     

    The vote on the RS and change in authorized shares seems to me to be a real millstone here as many expressions for and against the proposed actions both have valid considerations, IMO.

     

    MHO,
    HardToLove
    6 Jun, 04:16 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    Thnx HTL, I almost bought in a few times today, then I thought it was going to break below .15 and I cancelled my orders. That .1501 seems to be holding very firm.
    6 Jun, 04:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Masi: After my EOD adjustments, 1.35:1 (51.26% "buys"). Small change.

     

    As to holding at $0.1501, yes today. But as noted in last eve's blog, we have a trend of lower highs going on. From the $0.18 high of 5/28 we have a slope touching the highs of 5/30 ($0.176) and 6/5 ($0.1699). Origin and two touches is minimum needed to have some confidence. The days not mentioned all had highs lower than the line: 5/29 $0.176, 6/2 $0.1696, 6/3 $0.17, 6/5 $0.1658 and today 6/6 $0.1625.

     

    Of concern in the traditional TA vein would be the small volume increase developing as these highs, and my VWAP in my non-traditional TA, weaken. 6/2 forward, volume in thousands: 77.38, 102.06, 87.85, 234.73 and 318.03.

     

    Being in consolidation makes it tough as moves out of it can be any direction and hard to time. Tea leaves and crystal balls (or maybe "brass" ones! ;-)) ) are really not that effective when the only "trend" seems sideways.

     

    BTW, that descending resistance drops ~2/10ths of a cent/day if you want to estimate where it's at each day.

     

    HTH,
    HardToLove
    6 Jun, 04:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Masi: "... a lot of downward pressure today"

     

    Yes, and I just realized I may have used terminology in my blog that implied heavy selling when I said "sell side pressure" over the last couple days.

     

    For clarity, because of the details I get to, when I say "buy side pressure" or "sell side pressure" I (inadvertently?) am thinking of the apparent pressure as the contestants on either side battle each other for position driving bids up or asks lower.

     

    When I say "selling pressure" or "buying pressure" I'm referring to the trades themselves.

     

    Somehow it didn't occur to me that I might be misleading.

     

    If so, my apologies for that oversight.

     

    HardToLove
    6 Jun, 06:03 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    It wasn't anything you wrote HTL, it was more my mindset. No need for you to apologize. I have been reading your posts for so long now I took what you wrote as you meant it.

     

    Three of my positions acted the same way today and at about 3:15 my portfolio was down over 6%. One position dropping 23% for no apparent reason and it rocked me. I don't usually get those "what the hell am I doing moments" and it came thru in my first post. My stock purchases and decisions are mine and mine alone and what you post here relating to AXPW has no bearing on my other positions. So please, don't let my question earlier have any bearing on your very informative and well thought out input. Thank you for your reply and, have a great week end. That goes for all of you who read and contribute to this concentrator.
    7 Jun, 01:45 AM Reply Like
  • Billion003
    , contributor
    Comments (128) | Send Message
     
    The possible upside, or more likely, "likely" upside to what is perceived by Axionistas as the glacial pace of NS R&D is that it is exactly that. Its an absolutely thorough, methodical, long term test. No BS PR that has been so often associated with flash-in-the-pan unworkable technologies. The public is increasingly aware of the blow-ups of these bogus claims.

     

    I'm a semi-outsider to deep engineering specifics, as I think most investors are, but if I were to hear for the first time that a battery is able to work effectively with trains, perhaps pulling and pushing around multi-hundred ton trains, I would be impressed. Then to find out the years of testing that has gone on as proof of capability? Count me in.
    The other solid examples of capabilities like ePower would only increase my interest.
    I can envision an article pull quote, "Axion's Quiet Solid Results Defy The Implosion Trend For Fashionable But So Often Phony Battery Start-ups."

     

    But an "investor" might be more individuals or corporate giants. And the result of the R/S and new issuance is an unknown quantity. It'll be like going through a grinder and hoping you're in one piece when you emerge on the other side. Fingers crossed for a UPOD result and am eventual "No Brag - Just Fact" Axion corporate image.
    6 Jun, 12:29 PM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    Many thought the whole 999 program was abandoned since the batteries weren't delivered, then weren't installed. When the October NS update came out, AXPW enjoyed a nice share price spike. Then nothing. I think a working train would alleviate a lot of the worries about the program. For a while we were even worried that other batteries were being considered.
    6 Jun, 12:32 PM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    "pulling and pushing around multi-hundred ton trains"
    without catching on fire.

     

    "Eventual "No Brag - Just Fact" Axion corporate image."
    6 Jun, 02:10 PM Reply Like
  • Billion003
    , contributor
    Comments (128) | Send Message
     
    Yes, the "without catching on fire" part seems fitting.
    6 Jun, 02:30 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    The Cali. "Leadership" talking about how they need to go the extra mile to pay TSLA and convince them that they can clean up the mess the "Leadership" made. Jeez, there's that 6 ft. rabbit with the watch again and late as usual.

     

    ""Everything is on the table – tax credits, investment credits, hiring credits," Gaines said. "We need to show Tesla that we'll cut through the knot of red tape that frustrates companies in this state and prove that California is open for business." "

     

    http://yhoo.it/SgNzQe
    6 Jun, 02:36 PM Reply Like
  • ARGE
    , contributor
    Comments (717) | Send Message
     
    The giga"fact"ory should be built in Texas, it has the most wind power and Tesla could use the income from the royalty deals it strikes up if the land is on some of the West Texas shale oil plays!
    6 Jun, 07:27 PM Reply Like
  • D-inv
    , contributor
    Comments (3881) | Send Message
     
    http://bit.ly/1j86EeC
    "In an open access paper published in the Journal of Power Sources, a Molecular Rebar team reports that NS40ZL 12V automotive lead-acid batteries containing dCNT showed enhanced charge acceptance of more than 200%, reserve capacity, and cold-cranking performance; decreased risk of polarization; and no detrimental changes to paste properties, when compared to dCNT-free controls. "
    6 Jun, 10:12 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    Are all the people/companies doing research in this carbon paste doing so because they are trying to get around our patents?
    7 Jun, 01:57 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    Masi - The story on carbon lead patents is complicated. If you search Google Patents for "lead carbon batteries", there are almost a million patents. Axion has less than a dozen. There a lot of different approaches. Even if only 1% are somewhat relevant, that is almost 10,000.
    7 Jun, 06:02 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Researchers have been studying carbon paste additives for years and most of the work has gone into the public domain with the passage of time.

     

    Carbon additive technologies typically add a material like graphite, carbon black, or a combination of the two to SLOW sulfation. The amount of carbon in the enhanced NAM is typically 2% to 4% by weight and 10% to 20% by volume.

     

    This presentation from Banner Battery at ELBC-13 in Paris (2012) shows how carbon additives can improve dynamic charge acceptance (slide 16).

     

    http://bit.ly/16mEScm

     

    AGM batteries with carbon additives clearly have better performance than batteries without paste additives, but the basic shape, slope and degradation of the charge and discharge curves is roughly comparable.

     

    If you compare the DCA curves presented by Banner with the DCA curves presented in Axion's ELBC-13 presentation (slide 23), the differences couldn't be more dramatic.

     

    http://bit.ly/1a5fAhC

     

    Carbon paste additives do not infringe on Axion's patents, but batteries with carbon paste additives do not perform like a PbC either.
    7 Jun, 07:44 AM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    From the 2012 patent: "In efforts to reduce the high impedance of the battery to accelerate the formation (first charging) step, carbon black has been added to the paste. However, to properly disperse the carbon black surfactants are employed, but these surfactants create higher impedance that is difficult for the carbon black particles to reduce. Also, because there is often a region of high impedance due to the non-homogeneous contact resistance of the powders there is often applied an overvoltage which results in electrolysis of water, generating oxygen at the cathode which then rapidly degrades the carbon black. It is highly desirable to have a means to lower impedance in lead-acid batteries that can avoid overvoltage requirements for charging as well as a longer lasting conducting additive for the cathode." …
    "An illustrative process for producing discrete carbon nanotube/graphene compositions follows: 3 liters of sulfuric acid, 97% sulfuric acid and 3% water, and 1 liter of concentrated nitric acid containing 70% nitric acid and 30% water, are added into a 10 liter temperature controlled reaction vessel fitted with a sonicator and stirrer. 20 grams of non-discrete carbon nanotubes, grade Flowtube 9000 from CNano Corporation, and 20 grams of expanded graphite obtained from Rice University, Houston, Tex., USA are loaded into the reactor vessel while stirring the acid mixture and the temperature maintained at 25° C. The sonicator power is set at 130-150 watts and the reaction is continued for 3 hours. After 3 hours the viscous solution is transferred to a filter with a 5 micron filter mesh and much of the acid mixture removed by filtering using about 100 psi pressure. The filter cake is washed 1 times with 4 liters of deionized water followed by 1 wash of 4 liters of an ammonium hydroxide solution at pH>9 and then two or more washes with 4 liters of deionized water. The resultant pH of the final wash is >4.5. An electron micrograph will show graphene plates interspersed carbon nanotubes."

     

    And Figure 7 in http://bit.ly/1uyQNNB shows the 200% increase in charge at constant voltage is from 1 A to 2 A. Somehow, that seems like a trickle although I admit a lack of understanding of the amps needed in the various PSOC applications.

     

    Finally, whether they can effectively disperse CNT's or not on a consistent and persistent basis in polymerized materials is secondary to the cost of obtaining CNT's in the first place. I am having trouble finding anything definitive, but $200/kg seems like a fanciful price for impure Multi-walled Carbon Nanotubes in news articles. SigmaAldrich sells Multi-Wall Carbon Nanotube powders for about $100 per gram! http://bit.ly/1uyQKRO.
    Well, if just 1% of a lead-acid battery (~10 kg) is carbon nanotubes, that is going to be ~100 grams of material which is a $10,000 additive! LOL. At 0.1% it's a $1000 additive. Somehow methinks this is expensive junk.
    7 Jun, 11:29 AM Reply Like
  • User 393748
    , contributor
    Comments (216) | Send Message
     
    Masi -->> "Are all the people/companies doing research in this carbon paste doing so because they are trying to get around our patents? "

     

    The patent protection that Axion has covers more than the makeup of the negative electrode with its use of activated carbon. Axion also has patent protection on the manufacturing process, as well.

     

    It is well known within the battery research community or industry that when working with carbon based additives or pastes, it is critical to find the best and most optimal ratio of carbonaceous or graphitic material to lead. But, even if one does find that optimal amount, by weight or volume, being able to manufacture an electrode or a complete battery with that optimal carbon/graphite/lead combination at scale is a different matter.

     

    It has to be kept in mind that all of these lab research experiments in carbon/graphite paste or additves are done in the lab at a very small scale. Many of these lab level research experiments are done using only a 2 volt cell. These will be strung together, in order to get a 6 volt or higher voltage battery. That resulting battery will then be cited within any patent application documents.

     

    In many cases, for Li-Ion and other chemistries, all of the lab research will be done at the size and scale of only a button cell or a "coin cell."

     

    It is not uncommon for a research publication on any of these chemistries to point out to the reader that there are, or maybe, serious challenges to be overcome in any endeavor to manufacture the chemistry under discussion at scale or at a cost that is not prohibitive.

     

    So, again, even if a research team does find the right carbon additve - paste/lead combination, it is not a foregone conclusion that it can be manufactured at scale, and in manner that allows for a business to make a profit.

     

    In addition, adding carbon or graphite to the negative electrode, does not automatically mean that, overall, you now have a better battery. Any progress in any one area of battery chemistry will mean a sacrifice in performance in one or more other areas of performance. So, one can add more carbon or graphite to the negative active material, but then, one has to accept that doing so will mean a sacrifice in cold cranking capability, battery capacity, and/or a voltage drop in a cranking disharge situation or under a power pulse discharge, such as a battery powered acceleration situation.

     

    Another note worth mentioning in relation to patents is, that all that is required for a patent to be granted for an invention is that the invention be 1) novel, 2) unique; and 3) non-obvious to one versed in the art. That is the legal test that has to be met. It does not mean that the invention has to work as the advertiser's claim it will, nor does it mean that the invention can be manufactured at any degree of scale or in a cost effective manner. A patent can be granted for an invention that may not currently be able to be manufactured at all.
    7 Jun, 06:48 PM Reply Like
  • User550230
    , contributor
    Comments (30) | Send Message
     
    I hold my shares in 4 different retail brokerages and received the voting materials this Saturday morning from each (etrade, schwab, Ameriprise, sharebuilder).

     

    I noticed each doc allowed me to change my vote even after submitting. Initially I wondered if Axion could close the voting window early if they had locked up a landslide "yes" consent by, say June 15, similar to a buyout tender offer. Since I believe I can go back and change my "yes" to "no", I suppose an early determination is not possible.
    7 Jun, 08:23 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Companies cannot select an earlier cut-off date once the determination date is fixed.
    7 Jun, 08:52 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    Does the company have access to the current vote tally along the way?

     

    If so, one more reason to vote early, even if you can't vote often :-)

     

    Just wondering if knowledge of near certain passage of both proposals (which they're probably already assuming) could even subtly affect any negotiations (even if it's just the time tested wink and a nod)
    7 Jun, 09:43 AM Reply Like
  • Shirleyr
    , contributor
    Comments (43) | Send Message
     
    I received the Consent Solicitation also this morning, 6/7. With the cutoff 7/7, there is adequate time for everyone to vote.
    7 Jun, 09:44 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Companies do receive regular vote tallies starting about two weeks after the mailing date. That gives them the ability to track how voting is going and bring in a proxy solicitor if necessary.
    7 Jun, 09:47 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    I received mine at 03:1 A.M. 6/7 from ETrade.

     

    HardToLove
    7 Jun, 11:56 AM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,
    Axion may not be able to chnge the date but they can do the following:
    "The Company expressly reserves the right, in its sole discretion ... to (i) terminate the Consent Solicitation for any reason, including if the consent of stockholders holding a majority of the Company’s outstanding shares has been received, (ii) waive any of the conditions to the Consent Solicitation, or (iii) amend the terms of the Consent Solicitation."
    7 Jun, 02:33 PM Reply Like
  • SMaturin
    , contributor
    Comments (2096) | Send Message
     
    Pure emasculation, no doubt!
    7 Jun, 04:40 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    You say "Companies cannot select an earlier cut-off date once the determination date is fixed."

     

    Axion says "The Company expressly reserves the right, in its sole discretion ... to (i) terminate the Consent Solicitation ... if the consent of stockholders holding a majority of the Company’s outstanding shares has been received, ..."

     

    This seems like a diret contradiction to your understanding. Can you comment.
    8 Jun, 08:55 PM Reply Like
  • DRich
    , contributor
    Comments (4417) | Send Message
     
    >PbcBeliever ... Seemingly wanting to nitpick something that is off no consequence? The question, which is rhetorical & I really don't want an answer to, is why.

     

    Tiring.
    8 Jun, 10:10 PM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    DRich> I feel your pain. To repeat a comment I made earlier about how PbC Believer's comments make me feel…I have no words; at least none that are constructive or courteous.
    8 Jun, 10:21 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    OK, because I'm also getting ready to sign off. IMO PBCB is nothing more than a person or persons that have an interest they are not willing to share with this group directly. Heck, we all adjust out thoughts but we waiver as information changes.

     

    I've had enough. This is so much a Omy game which I grew tired of on the Yadoodle board. Oh, I don't understand, again and again. I choose not to listen any longer to that BS. So many great people here but it makes it not worth it. Yeah, It's that bad. Sorry. It's disgusting.
    8 Jun, 11:21 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    DRich and Young,
    Axion once again has its fiscal back against the wall and has a plan for survival with a very tight timeline. For those who have "walked the walk" in such matters these nitpicking details are critical. One misstep and the whole plan falls to pieces. Axion did not put this language into the 14A without a purpose and possible need.

     

    If John is right in this matter and if because of their tight timeline Axion were to claim victory prior to the published cut-off date, that move might then be legally contested and blow the financing plan and Axion right out of the water.

     

    I am not trying to harm Axion, I am trying to see if they have made a very bad assumption that could backfire on them. If I repeat a question in a new form it is because I am getting either no answer or an incomplete/faulty answer.

     

    Please stop playing the part of both judge and jury - it is a distraction from important business matters that are potentially of immediate consequence to my AXPW investments.
    9 Jun, 08:18 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Companies ALWAYS retain the right to abandon a plan or change terms that do not disadvantage the stockholders. They NEVER retain the right pull a fast one because stockholders and courts won't stand for it.
    9 Jun, 09:11 AM Reply Like
  • Shirleyr
    , contributor
    Comments (43) | Send Message
     
    It appears that you are carrying a chip on your shoulder and projecting it onto Mr. Petersen. Your choice of words shows the depth of it. Consider taking a look. I prefer that we use our energies to support and encourage Axion.
    9 Jun, 09:28 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2479) | Send Message
     
    ii- I hope you can find a way to wade through "it." You are a valuable, level-headed contributor to this board.
    9 Jun, 09:45 AM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    PbC Believer> "if because of their tight timeline Axion were to claim victory prior to the published cut-off date, that move might then be legally contested and blow the financing plan and Axion right out of the water."

     

    This is what I'm talking about. Once again you are causing me to have cognitive dissonance. I can't wrap my head around why you are saying this, especially given the implication of your username.

     

    First of all, the language states
    "To be counted, your properly completed Written Consent must be received before 5:00 p.m. Eastern Standard Time, on July
    7, 2014, subject to early termination of the Consent Solicitation by our board of directors if a majority approval is received, or extension of the
    time to return Written Consents by our board of directors.

     

    Failure to submit the Written Consent will have the same effect as a vote against the Reverse Stock Split and Reduction in Authorized Shares."

     

    This clearly states that if they receive a majority vote before July 7, they can pass the proposed reverse split. Failure to submit your vote is a vote against. Therefore, if indeed you want to see the RS go through sooner than later or at all, get online and vote your shares right now!

     

    Second:

     

    Why on Earth would they do something that would torpedo their own financing deal? The reverse split is an independent action and does not legally effect any future financing.

     

    There is nothing to debate here. The language is clear and clearly motivated. They have already made extraordinary efforts to accommodate the paranoid fears of some stockholders through the reduction in authorized shares and shown their respect for their shareholders.

     

    The only thing that is unclear here are your fanciful speculations about the motives of the board and other things that I just don't understand where it's coming from! Are you invested?

     

    I am tired of listening to people explain things to you that are perfectly clear in documents that can be found on their website and read in English.

     

    As for the constant and frankly bizarre ranting and imagined scenarios that you post and the often personal and nasty nature of your replies to other forum members, I for one am sick of it.

     

    Please cease and desist.

     

    There are many "lurkers" that find value in silence. Perhaps you should try it.
    9 Jun, 10:46 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Please don't feed the trolls.
    9 Jun, 11:11 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Exactly NGS!

     

    Troll or not, there's apparently an agenda. The route apparently goes through discrediting JP, the management, ...

     

    Why bother to respond? If he's a paid troll, responses feed him.

     

    MHO,
    HardToLove
    9 Jun, 11:21 AM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    Young

     

    Again I ask, "Please stop playing the part of both judge and jury - it is a distraction from important business matters that are potentially of immediate consequence to my AXPW investments." The silly name calling and the claims that I have done things that I most certainly have not done, is behavior unworthy of man who has been educated at Yale. I have not been abusive but I believe that your comments about me have been exactly that - ABUSIVE.

     

    If you and others don't like what I have to say and the questions that I ask, then just don't read my comments, they are all clearly labeled and you certainly have that choice; but do not claim that you have the right to prevent me from voicing my polite opinions on the subjects being discussed by the group.

     

    Yes I am very long in AXPW, so please try to behave yourself.
    9 Jun, 11:40 AM Reply Like
  • JohnM121
    , contributor
    Comments (356) | Send Message
     
    The instructions for ScottTrade through ProxyVote seem to say that if a vote is submitted without a selection, the board recommendations will be made. But does not specify what the vote will be if no submission is made. It may be assumed that Scottrade would vote as the shareholders recommend. Their "discretion" may be to not vote on pink-sheet securities, which is effectively a vote Against.

     

    "It is understood that if you submit the ballot without otherwise marking it the securities will be voted as recommended by the Board of Directors on all matters to be considered at the meeting."
    . . .
    "However, the rules of the New York Stock Exchange provide that if instructions are not received from you prior to the issuance of the first vote the proxy may be given at discretion by the holder of record of the securities"
    7 Jun, 08:45 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    NYSE Rule 452 specifies 21 non-routine items that brokers can't vote on without instructions from their customers.

     

    http://bit.ly/1pCHFrb

     

    When customers submit a blank ballot or fail to vote, brokers usually vote FOR all proposals that aren't included in the list of 21 non-routine matters.

     

    If you look at the tabulation for last September's annual meeting when 122 million shares were eligible to vote, the difference becomes clear.

     

    http://1.usa.gov/1pCHFrd

     

    Director election and executive compensation proposals are non-routine matters and about 36 million votes were cast on those proposals.

     

    Auditor ratification and increasing the authorized shares are routine matters and about 91 million votes were cast on those proposals.

     

    For beneficial owners who hold shares in brokerage accounts, a failure to vote will most likely be treated as a vote FOR the proposals.
    7 Jun, 09:03 AM Reply Like
  • timzinski
    , contributor
    Comments (81) | Send Message
     
    Good morning,

     

    I voted all of my shares in all accounts FOR both of the proposals.

     

    Anyone seen the 999 outside the shop yet?
    Anyone seen a green semi running around Kentucky?
    Any day now...

     

    TZ

     

    Long AXPW KNDI
    7 Jun, 11:06 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Talked to my wife this morning after we both got our notifications on the R-S vote (we have an Axion review every few weeks or so). I explained what I consider to be the two most important benefits of uplisting to the NASDAQ: 1) Institutional investors that have been prevented from investing in Axion (as an OTC stock) would now be able to invest; and 2) An uplisting would most likely lead to much better financing this fall.

     

    I also explained how both an R-S and capital raise more often than not lead to a decrease in pps, and that some on this board have trimmed their position in case that were to play out. I also mentioned the high number of lurkers who have yet to start a position, and who seem to be in a wait and see mode until the R-S and capital raise are resolved. I also mentioned there seems to be a clear understanding of the risk for those in these categories of the pps taking off on any number of good news events.

     

    I told her I wanted to give her this thorough review in case she had any interest in trimming her position pre-RS/capital raise. I was surprised by her reply, not so much because she had no interest in trimming her position, but how immediately and assertively she said “NO way”. She then gave me sort of a “peculiar” look, and somewhat uncharacteristically said something like, “I hope you’re not thinking of selling after all this time.” I admitted I was tentatively considering whether to trim my position, but doubted very much I would. She then, again uncharacteristically, urged me not to. — So, that settles it. She’s more intuitive than I am. :)
    7 Jun, 12:25 PM Reply Like
  • Billion003
    , contributor
    Comments (128) | Send Message
     
    What is her reasoning?
    7 Jun, 01:38 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Billion003> “What is her reasoning?”

    I can only guess at some of the nuances of her reasoning, but I’ll give it a shot. First and foremost, she’s very risk averse by nature, so I assume that was her main criteria. She’s essentially a buy and hold kind of person, so when I described how some were trying to time the downside possibilities of the R-S/capital raise vs. upside potential of good news events, she seemed to view us trying to do that as a throwing of the dice. I can see where it might work for somebody with a lot of experience and/or expertise in trading the markets, but after talking with her, it also struck me as bit risky.

     

    Interestingly, it was a bit against her grain to invest in Axion to begin with. But she did so on my suggestion because of some credibility I had gained with her after I recommended before the 2008 meltdown that she sell completely out of her stocks. I paid relatively little attention to investing back then, but I became increasingly uneasy about the markets in late 2007. There were continuing reports on the unprecedented tightness in credit markets, unsettling news stories on sub-prime mortgages, the economy was overdue for a recession, etc.

     

    As a result of her (very hesitantly) selling all her stocks, she saved a bunch, and felt OK putting a fraction of what she had saved into a higher risk/higher reward stock like Axion. She’s idealistic about Axion as well, believing the PbC is a green technology that will save on energy, noise, and pollution. Bottom line however, is that despite some of her own reservations along the way, she continues to believe our Axion investments will richly reward us for our patience.
    7 Jun, 03:35 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2651) | Send Message
     
    WIO - IOW: a good woman, once rightly convinced, requires much evidence to undo it.
    10 Jun, 07:55 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    Equatorial Guinea to install solar microgrid system on Annobon Province

     

    06. JUNE 2014 | BY: REPUBLIC OF EQUATORIAL GUINEA

     

    http://bit.ly/1kHMnBe

     

    "The solar microgrid will feature 5-MW solar modules and system integration by MAECI, an energy management system and controls from Princeton Power Systems and energy storage from GE," MAECI said in a news release.

     

    "This project will be Africa's largest self-sufficient solar microgrid ...

     

    currently has reliable electricity for only a few hours a day, but the solar microgrid aims to provide electricity 24 hours a day, seven days a week."
    7 Jun, 12:53 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1498) | Send Message
     
    Maybe we should spread the word that GE is doing business with a corrupt and brutal government. Then we could sneak in and snatch the battery contract.

     

    I know someone who does some lucrative business there with the government and he keeps it on the qt as he has been verbally attacked several times for his "lack of ethics".
    7 Jun, 03:37 PM Reply Like
  • geopark
    , contributor
    Comments (250) | Send Message
     
    Nice summary of the RS situation and a great story Wayne.

     

    How about a headline:

     

    Cooler Head Prevails in Oregon AXPW Dilemma
    or
    "Peculiar Look" Solves Oregon Mans Quandary

     

    geopark
    7 Jun, 01:04 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2093) | Send Message
     
    WIO and geo,
    Getting "the look" at my house wouldn't draw any headlines. It's SOP. Mama is ornery enough to give me "the look" for no other reason than to keep me wondering.;-)
    7 Jun, 01:30 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    Geopark> "How about a headline:"
    ---
    lol, good ones. Upon a little reflection of your headline suggestions, I came up with:

     

    Unambiguous "peculiar look" sets Oregon man's mind right :-)
    7 Jun, 03:41 PM Reply Like
  • geopark
    , contributor
    Comments (250) | Send Message
     
    Thanks Wayne, laugh of the day complete.

     

    Thanks too for your response to Billion003 above, good stuff.
    8 Jun, 12:14 PM Reply Like
  • Valleywood
    , contributor
    Comments (649) | Send Message
     
    Still,:

     

    VW Mantra in home of SWMBO:

     

    Have Scars . . . Will Obey
    Have Scars . . . Will Obey

     

    It serves me well.

     

    :>)
    7 Jun, 01:56 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    06/06/2014: EOD stuff partially copied from blog (up now).
    # Trds: 44, MinTrSz: 100, MaxTrSz: 85000, Vol: 318025, AvTrSz: 7228
    Min. Pr: 0.1501, Max Pr: 0.1625, VW Avg. Tr. Pr: 0.1567
    # Buys, Shares: 20 163025, VW Avg Buy Pr: 0.1592
    # Sells, Shares: 22 121000, VW Avg Sell Pr: 0.1535
    # Unkn, Shares: 2 34000, VW Avg Unk. Pr: 0.1561
    Buy:Sell 1.35:1 (51.26% "buys"), DlyShts 121500 (38.20%), Dly Sht % of 'sells' 100.41%

     

    There was one after-market trade of 2.5K shares that FINRA-reported daily short sales don't include ... If the shares are also added to the short sales, the short volume moves from 121,500 to 124,000 and the short percentage would be 38.99%. ...

     

    A summary of concerns drawn from the following is that I'm increasingly concerned that without a near-term catalyst the pressure is increasing to trade below the support at $0.15. This can all change in a heartbeat, catalyst or not of course, but right now there's few positive suggestions appearing.

     

    I didn't see any evidence of the “fishing” by MMs ...

     

    Volume remains low, but continued to improve, ...

     

    Unfortunately, as the volume continues to improve our highs continue trending lower, as does the VWAP, while the lows remain “flattish”. This fits with two concerns expressed previously.

     

    The most immediate is that the MMs may have started to revert to the tactic of dropping price to get a little volume so they can make some money. The MMs can ... This thought is also supported by the VWAP behavior.

     

    VWAP had shown a strong tendency to vacillate around the $0.16 area. But the recent trend is not good and it looks to be losing its grip on that range. From 5/28 forward: $0.1755, $0.1750, $0.1640, $0.1598, $0.1679, $0.1567, $0.1604 and $0.1567. For clarity, look at the 5-day and 10-day VWAP averages change since 5/28 and note that both are falling and the 5-day crossed below the 10-day.
    _5-day_ 10-day_
    $0.1647 $0.1663 ...

     

    The longer-term concern was what I expressed some time back, that the $0.15 support didn't seem as stout as the $0.18 resistance. Three of the last six days have lows that “touched” the support. Beginning with 5/30: $0.1530, $0.1506, $0.1622, $0.1510, $0.1535 and $0.1501. As the highs continue to drop, ...

     

    The oscillators I watch are all weakening and all below neutral. Williams %R just entered oversold, which could be a bright spot ...

     

    In the non-traditional arena the bid and ask action seems to also suggest less likely upward movement.

     

    After four days of seeing MM's walk the bid up as they leapfrogged each other, the pattern finally broke and we saw only brief periods of that activity ...

     

    On the other side, we had a third consecutive day of pressure, but a bit lessened, on the sell side as the offers made six consecutive steps lower, going from the opening $0.1625 to $0.1599 by 10:19. Offers stabilized in that general area, ...

     

    On a positive note, the recently-seen offer of 160K at $0.169 from CDEL/NITE was absent today ...

     

    My 10 and 25-day average buy percentages have climbed up into neutral ranges from the low values seen mid-May. But I can't give them weight because the 10 and 25-day average trade sizes have been dropping dramatically. This latter metric ...

     

    The usual, and a bit more, in the blog here.
    http://seekingalpha.co...

     

    HardToLove
    7 Jun, 04:12 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    When you see a mess like this, I think there is such an incredible opportunity for battery systems:

     

    http://nyti.ms/1idjOXw
    8 Jun, 09:39 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    RK "Residents had been particularly angry about the power cuts after receiving reliable supplies through the Indian elections, which ended on May 16. Since then, only some regions have been guaranteed unbroken power supplies, while others have received little to no supply".

     

    Hm. Methinks a correlation between elections and power availability existed for a while?

     

    More on topic, I suspect with temps 117F+ that an extended widespread heat wave would need a lot more than batteries though.

     

    HardToLove
    8 Jun, 11:27 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    I suspect a lot of the difference in power receipts is perceived, not real. Cooler weather in early May compared to hotter weather later. Increased demand for refrigeration and fans, stressing the grid even more.

     

    Obviously politicians would try to order more electricity to gain votes. However, I suspect the Indian grid is totally maxed-out and under-maintained, and is producing the maximum it can, regardless of the amounts of blather and edicts from politicians.

     

    HTL, certainly "just batteries" does not alleviate a 3 GW shortfall, but 1 GWh of batteries sure could take a lot of the stress out of the system. Lemme see, 2,000 PowerCubes...
    8 Jun, 12:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Even Englishmen don't go out in that kind of weather.
    8 Jun, 12:41 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Rick; I almost forgot - I've seen past articles too that suggest a big issue is power theft as well in India. IIRC, locals just tap in and there's no metering, no revenue collected, ...

     

    That makes it even harder for the utilities, of course.

     

    HardToLove
    8 Jun, 01:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    John: You think it might wilt that "stiff upper lip"? :-))

     

    HardToLove
    8 Jun, 01:38 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2093) | Send Message
     
    Hi HTL,
    It would at least melt the mustache wax.
    8 Jun, 01:46 PM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Since I've been pretty quiet about ePower for a couple weeks, I've just added a lightly edited version of Jay Bowman's most recent update to my Instablog.

     

    http://seekingalpha.co...
    8 Jun, 04:49 PM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    "With the generator and DVR working properly and a 52 PbC battery pack we saw a solid 11.0 MPG on our test course with a bob-tail tractor." -- JP

     

    I assume that with the full 56 and a little heavier load you will still hit that number? It is certainly a compelling one.
    9 Jun, 08:14 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Our experiment with the 52 battery string was unsuccessful so we didn't get the economy we expected. We expect better fuel economy when we reinstall the four additional batteries.
    9 Jun, 09:09 AM Reply Like
  • Retired Aviator
    , contributor
    Comments (1443) | Send Message
     
    greent> The 4 more PbCs I believe adds 260 lbs or so. Not that much for a tractor.

     

    I'm impressed that the original calculation that the system would need 56 batteries turned out to be as accurate as this.
    9 Jun, 10:36 AM Reply Like
  • JamesBBecker
    , contributor
    Comments (172) | Send Message
     
    Battery technology is tricky. Reading the post, I surprised about the changing internal resistance at different State-Of-Charge. When the State-Of-Charge is in the middle of the range (batteries half charged) the battery has the least resistance - according to the post.

     

    How to choose the State-Of-Charge in the hybrid truck? The number of batteries in the string, combined with the operating voltage of the motor controller does it automatically.

     

    So if you have 56 batteries in the string, each nominally 12V, and and operating point of the motor controller at 450V (guess), each battery will be at a nominal state of charge of 8V - which is the desired voltage to give minimal internal resistance. Maybe obvious to everyone else, but an Aha! to me.
    9 Jun, 12:18 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2651) | Send Message
     
    JamesBecker - Yes! Internal resistance is one thing; external resistance is another. Charge impedence is one thing. Discharge capability is another. Imposed is one thing. Expected is another. Things change within a cell as it charges and/or discharges, making a dynamic effective internal resistance difficult to nail down. It's not all in the static conductor.
    10 Jun, 08:02 PM Reply Like
  • dlmca
    , contributor
    Comments (334) | Send Message
     
    Thank you John for your latest blog

     

    I can better visualize what is creating delays with other potential AXPW customers

     

    Seems the ePower tinkering is bringing even better potential results

     

    Our little battery seems to deliver even more than it promises

     

    What is exciting to me is the power cube applications up and running and producing results. As TG had suggested‎ we are now in this marketplace with a product producing independent results for customers to see. This is another important step in commercialization of all PbC opportunities

     

    I continue to expect big deals to follow – slowly but surely
    9 Jun, 09:42 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2479) | Send Message
     
    Everybody has a prediction, now will reality catch up to the predictions?

     

    http://bit.ly/1l0gIG4
    9 Jun, 09:58 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    Regarding the subject of the piece:

     

    June 9, 2014, 11:50 a.m. EDT
    Jim Rogers Joins Broadscale as Senior Advisor

     

    Globally Recognized Former CEO of Duke Energy Brings Unparalleled Expertise to Investment Firm Focused on Accelerating Energy Innovation

     

    http://on.mktw.net/1oN...

     

    “I am delighted to be working with Broadscale on its mission of scaling up the many emerging technologies that will ultimately accelerate the transformation of the power sector. This will create value for customers and investors around the world,” said Rogers.

     

    At Broadscale, Rogers will focus on engagement with corporate and investor partners, working with growth companies, and assisting with overall firm strategy.

     

    http://bit.ly/1oNSwe8

     

    "ABOUT

     

    Broadscale Group is a new model of investment firm working with leading energy corporations to invest in and commercialize the industry's most promising market-ready innovations. We provide our network of industry leaders with preferred access to new technologies and services that will make them more efficient and competitive. And we offer growth-stage companies streamlined access to strategic sources of capital, distribution, and demand.

     

    We believe the key to unlocking progress in energy and resources is combining the drive, creativity, and technological advances of the best entrepreneurial companies with the market knowledge and reach of our industry-leading network members. Capital is necessary, but not sufficient. New models of collaboration are needed."
    9 Jun, 03:22 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    Ideal Power (IPWR) a winner today ...

     

    PRESS RELEASE
    June 9, 2014, 8:01 a.m. EDT
    Ideal Power Wins Electrical Energy Storage Award for Product Innovation in Integrating Solar and Storage

     

    http://on.mktw.net/1l0...

     

    "Ideal Power's hybrid converter is the first 3-port product to leverage the Company's Power Packet Switching Architecture(TM) (PPSA), which allows it to combine PV inverter capabilities on one DC port, bi-directional battery converter capabilities on the second DC port, and provide an AC port supporting both grid-tied and off-grid applications. It can accomplish these functions with only a modest increase in product size and weight over its established 2-port battery converter and PV inverter products and with no loss of system efficiency. Conventional technology solutions to hybrid power conversion systems combining PV and storage require multiple power conversion steps, thereby reducing efficiency, and multiple power converter units, increasing size, weight and cost."
    9 Jun, 10:19 AM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Posted something on these guys some time ago. I find the one statement of interest as it seems directionally higher than other data points concerning DCA improvement as a result of adding various forms of carbon to the NAM. Of course the devil is in the details and it's still a minuscule improvement compared to what PbC can deliver in this area.

     

    Carbon nanotube additive increases charge acceptance and performance of lead-acid batteries

     

    "In an open access paper published in the Journal of Power Sources, a Molecular Rebar team reports that NS40ZL 12V automotive lead-acid batteries containing dCNT showed enhanced charge acceptance of more than 200%, ..."

     

    http://bit.ly/1j86EeC
    9 Jun, 10:49 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    Why do I think this will not be good for California taxpayers? Or, why can't we get Pennsylvania taxpayers to do the same?

     

    http://bit.ly/1l0v89d
    9 Jun, 11:11 AM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Sorry if this was posted already. I just don't recall seeing it. Anyway, this might be interesting to some. The abstract tells us a little as well. There is interest and "we're not there yet". Both positives for Axion IMO. Well unless we were there w/ PbC inside! But, alas, not yet.

     

    Battery Storage of Propulsion-Energy for Locomotives

     

    http://bit.ly/1oNmrDh
    9 Jun, 12:00 PM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    " The extent to which electrical energy stored onboard could supplement or replace diesel generated power has yet to be quantified or proven...New battery technologies are being developed but none are yet practical for large-scale locomotive applications."

     

    -paper submitted by Michael Iden, General Director of Locomotive Engineering at Union Pacific and technical representative in locomotive emissions issues. "His recent work at Union Pacific includes leading the team which developed the world's first multi-engine ultra-low emitting diesel "Genset" switching locomotive"
    -http://bit.ly/1pcQic9

     

    I imagine Blair Wimbush, vice president of real estate and corporate sustainability officer at Norfolk Southern or would beg to differ.

     

    Or this guy:
    “We’re really excited about it,” said Gibson Barbee, our senior engineer of energy, who has been involved with NS 999 from the start. “It’s all about perseverance, to continue working and
    moving forward.”
    -http://bit.ly/NsJOot
    9 Jun, 12:44 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    My sentiments exactly Patrick. The study was done by the 2014 Joint Rail Conference. Was NS included in that conference? If they were, maybe they were keeping their research with Axion batteries secret.
    9 Jun, 01:01 PM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    "The Genset locomotive is an engine that, by using multiple smaller diesel engines and generators instead of one large single engine, can achieve a better emissions profile than a conventional locomotive. Union Pacific created and pioneered Genset locomotive technology, and we have more than 170 Genset locomotives in our fleet representing more than half of all Gensets in America. Genset locomotives are now used by railroads around the world."
    -http://bit.ly/1pcSalb

     

    A rather different strategy from Norfolk Southern's which is to rebuild existing engines and develop alternative fuel options for the future.
    9 Jun, 01:01 PM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    Masi, it is not a secret. In their rather important 2013 sustainability report they say:
    "In fall 2009, working with industry partners and scientists at Penn State University, we unveiled NS
    999, a prototype electric four-axle switcher locomotive. The eco-friendly unit, built on a reused 1969 EMD GP38 body, was powered by a bank of 1,080 lead-acid batteries and equipped with a unique
    regenerative braking system designed to recharge the batteries during operation. Since then, we have reworked the battery management system to address technical challenges that arose during trial field operations. In 2013, we plan to roll out the next generation NS 999, outfitted with a bank of more technologically advanced hybrid lead-carbon batteries developed by industry partner Axion Power International."
    -http://bit.ly/NsJOot

     

    obviously it is no longer 2013...
    9 Jun, 01:08 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    I'm aware it is not a secret for the yard goat but the long haul is a different story. Does that mean NS was not included in the conference or they (conference) just don't think batteries are a viable solution or maybe some other alteria motives.
    9 Jun, 01:31 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2479) | Send Message
     
    It's also not a secret that NS has been testing other battery tech such as the UB and stated that more research and development work is necessary.
    9 Jun, 01:33 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Including the consumer in the grid

     

    "With the National Association of State Utility Consumer Advocates (NASUCA) mid-year meeting having happened last week, a significant topic to keep in mind is how to integrate new technologies like distributed generation (DG) into our electricity system in a fair and open manner, given that this is a major issue facing utility consumers across the country."

     

    http://bit.ly/1oNFdKW
    9 Jun, 01:53 PM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    Well, we are all painfully aware of the strength of their NDAs. I'm sure they would rather fail to give away information than fail to hold it back.
    9 Jun, 01:59 PM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    PY> The paper is correct in saying "The extent to which electrical energy stored onboard could supplement or replace diesel generated power has yet to be quantified or proven," but our experience at ePower is that using batteries as an "electrical shock absorber" to boost power on small upgrades and absorb excess energy on small downgrades is more important for fuel economy than the stops, starts and big grades one would normally consider regenerative braking opportunities. We don't have enough data yet to describe the relative importance of smoothing the smaller grade changes, but we are convinced that it's critically important for an optimal system.
    9 Jun, 02:25 PM Reply Like
  • JamesBBecker
    , contributor
    Comments (172) | Send Message
     
    John:: One other complicating factor. Trains are long. 100 cars times 50 ft is about a mile. If some cars are going downhill while other cars are going uphill, the similarity with ePower breaks down. The answer isn't obvious though.

     

    Given all that, I would bet that PbC would be most useful for yard switching and short distance regional car movers. That's still a large enough market to make AXPW a big company.
    9 Jun, 09:42 PM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    A couple years ago TG discussed the detailed modeling NS was doing for their OTR project and IIRC he said the model was predicting even better fuel economy than the original project plan contemplated. It's important to remember that the railroads have detailed topography data on every foot of track and the ability to accurately assess the best way to handle every charge and discharge opportunity could be very valuable. We would love the ability to implement predictive cruise control, but it will be years before comparable data is available for the national highway system.
    9 Jun, 10:10 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    James, I'll not speak out of turn but NSC is well in bed with GE and others to utilize the tech. They are reaching way beyond what ePower is looking to do, but in some aspects it's easier. But at a simple level, no such thing, it's the same thing.

     

    I'm amazed concerning the opportunities of layered levels of electrification. But these industries are slow movers because when they jump they can't afford to "risk it all".
    10 Jun, 12:14 AM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    My mail just came in and I still have not received my proxy forms to vote. Is anyone else still waiting on their forms?
    9 Jun, 02:01 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Masi: Call your broker! They should be able to at least give you a schedule.

     

    HardToLove
    9 Jun, 02:03 PM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    I haven't received mine either. Using Schwab. Although I was going to vote FOR all proposals so I'm not too bothered by it.
    9 Jun, 02:07 PM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    Call your broker.
    9 Jun, 02:21 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    I called my broker before I asked the question here and they said they are calling the holding company. They were using the holding Co, APEX up until a few months ago. They switched to COR, a company I have never heard of until the switch. It took them several weeks to show the correct cash and the amount of shares I was holding. I am not happy with this holding co. Also for the first week they were double and triple registering my trades and overcharging on commissions above the double and triple trades. All has been resolved since then. At one time they showed I had 10x the cash I really did. That was tempting.
    9 Jun, 02:40 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    TD Ameritrade notified my via email Sat. Took all of about 1 minute to vote, including the 5 seconds to further contemplate my decision. For, FYI.
    9 Jun, 02:54 PM Reply Like
  • abcd9876
    , contributor
    Comments (29) | Send Message
     
    Fidelity has online option too - took me few seconds to vote FOR. Hopefully some of the slow brokerages catch up quickly. While in the end I expect the vote to pass overwhelmingly, it would be great if the first time Axion checks the tally in a week or so, it's already over the hurdle. That will save money in hiring proxy solicitor.
    9 Jun, 03:21 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Abcd9876, Thanks! I was not aware of the option and used your advice to find the document and vote. My vote was for as the lesser of 2 evils.
    9 Jun, 03:43 PM Reply Like
  • Bill Burtchaell
    , contributor
    Comments (403) | Send Message
     
    Schwab emailed both accounts proxies
    to me Friday.
    9 Jun, 03:44 PM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Unfortunately, I think most votes in life involve choosing the lesser of two evils.

     

    I personally like the "none of the above, or NOTA" option on ballots for elective office, but only if a 51% vote for NOTA would leave an office vacant for a couple years so we could find out whether the post is really necessary.
    9 Jun, 03:49 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    John, Isn't that the truth.

     

    Wish the US also included "Nyet" as an option on every election choice. In theory the system takes care of finding the right people for the job so it shouldn't make a difference. Right? Uh, err, cough cough.
    9 Jun, 04:01 PM Reply Like
  • maplecorner
    , contributor
    Comments (23) | Send Message
     
    One time I sold a stock held at Waterhouse for $ 6,600 and they credited my account for $66,000,000. I did not know about it until I got my statement in the mail at the end of the month. This was before the Internet. They took the cash back the next day, but I saved that month's statement, and mat frame it some day to prove that for one day I was a multi-millionaire!
    9 Jun, 05:35 PM Reply Like
  • Milo2
    , contributor
    Comments (35) | Send Message
     
    Mine came via the internet and TD Ameritrade. Linked to a PDF where I can vote online. Very easy, very convenient. I will be voting "for" on both counts.
    9 Jun, 02:18 PM Reply Like
  • D-inv
    , contributor
    Comments (3881) | Send Message
     
    My compliments to all who have undertaken own DD regarding consent solicitation vote and thanks for sharing that info.
    9 Jun, 03:02 PM Reply Like
  • tahoe1780
    , contributor
    Comments (94) | Send Message
     
    Voted "For" on-line via Scottrade on Friday.
    9 Jun, 03:41 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Imergy CEO Bill Watkins: How batteries will break up PG&E and democratize energy

     

    http://bit.ly/1oOaZY7
    9 Jun, 05:23 PM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    Great article ii. That article confirms we long term Axionistas are ahead of our time. I wish TG or our PR people could speak like that. Would it be legal for Axion to post that article on it's web site?
    10 Jun, 10:53 AM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Masi, They could post a link to it no problem. If they wished to do a re-post it would require permission at a minimum.
    10 Jun, 11:24 AM Reply Like
  • Masi
    , contributor
    Comments (422) | Send Message
     
    I sent them the link.
    10 Jun, 12:17 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    In looking at Axion's site they don't have a place where they can share "industry" news. Other sites I've been to have this. I think it's a good idea but not a top ten thing to address for Axion perhaps.
    10 Jun, 12:58 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    And where will Bill put all these flow batteries he wants to sell you? Most people don't have their own yard; in fact, most of us live literally within yards of one another. Comfortably.
    Got that, Bill? Comfortably. Thanks to PSE&G. And we pay less for electricity than most of the world. Why the hell would you want to "break up PSE&G"? Hey Bill, how about you sell them your batteries at a discount and help us all out, not just the folks with yards.
    "Democratize" energy? Seriously? What's next? Calls for more government control of our power, Bill? What a joke! It isn't bad enough that the government already has enough power to live high on the hog by taking half our hard-earned money?
    This article is seriously flawed in truth and spirit, IMO.
    10 Jun, 02:15 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    I don't think flow batteries are appropriate for residential use. Vanadium and vanadium oxides are highly toxic and can acute poisoning and even genetic defects in small amounts. Having that stuff in big tanks in liquid form all around the neighborhood is a recipe for disaster.
    10 Jun, 03:01 PM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    Looks like there was a 100k+ buy at .16 and above. Is the 160k ask gone?

     

    Wonder which jerk sold 10k to bring the price back down.
    9 Jun, 08:09 PM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    I guess someone either figured they had talked the stock down as far as it was going or saw the NS-999 outside the shop. :-)
    9 Jun, 08:22 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    06/09/2014: EOD stuff partially copied from blog (up now).
    # Trds: 33, MinTrSz: 7, MaxTrSz: 99800, Vol: 298780, AvTrSz: 9054
    Min. Pr: 0.1531, Max Pr: 0.1649, VW Avg. Tr. Pr: 0.1594
    # Buys, Shares: 22 245460, VW Avg Buy Pr: 0.1598
    # Sells, Shares: 11 53320, VW Avg Sell Pr: 0.1574
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 4.60:1 (82.15% "buys"), DlyShts 210573 (70.48%), Dly Sht % of 'sells' 394.92%

     

    It was a strange trading day. Through 13:09 we had only 19 trades totaling 122,000 shares with a VWAP of $0.1592 and a buy percentage of 11.95%. This was accompanied by very little movement in the bids and asks. We then had 2.5 hours of no trades and only two changes in the ask and one in the bid. At 15:29 the sun must have set because it seems all the zombies and vampires arose in mass and by the close, 30 minutes, we traded 176,780 shares at a VWAP of $0.1595 and buy percentage of 87.09%. This was 59.17% of day's volume in 30 minutes! Do keep in mind this included the day's three larger trades totaling 155,780 shares and all were buys.

     

    The bid and ask changes came fast and furious too – I couldn't track all of them 100%. I did catch ...

     

    The day's highest price occurred on one trade of 10K at $0.1649, a buy, at 15:44 during the late-day crazy trading described above. The next price down, ...

     

    The larger trades (>= 15K) occurred on 3 of the 33 trades, 9.09%. These 155,780 shares were 52.14% of day's volume, and traded at a VWAP of $0.1600. All were buys. All traded at $0.16. All traded 15:34 – 15:40. Trade sizes were 15,980, 40K and 99.8K.

     

    The other 30 trades, 90.91% of the day's trades, traded 143,000 shares, 47.86% of the days volume. The VWAP was $0.1587. 19 trades, 63.33%, ...

     

    The concerns expressed yesterday remain, as today: ...

     

    Added to the list is today starts the second week of the month. Our prior long-established pattern is to have weakness in the middle of the month after seeing some “strength” in the last week of the prior month and the first week of the current month. With the PIPErs supposedly out of ammo I can't say it will hold, but I wait to see.

     

    Yesterday, Friday, the recently-seen offer of 160K at $0.169 from CDEL/NITE was absent. Today it was back.

     

    With today's 82.2% buy percentage, the daily short sales performed as expected, hitting a near-outrageous 70.48%.

     

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

     

    HardToLove
    9 Jun, 08:49 PM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    HTL> "With today's 82.2% buy percentage, the daily short sales performed as expected, hitting a near-outrageous 70.48%."

     

    This suggests to me that the MM's are filling a lot of the buy orders by selling short. With continued buying pressure they will be forced to "cover" by buying shares themselves, which will raise the bid. Is this accurate? Why do you say this relationship is "expected"?

     

    From investopedia: "Some bullish investors see high short interest as an opportunity. This outlook is based on the short interest theory. The rationale is, if you are short selling a stock and the stock keeps rising rather than falling, you'll most likely want to get out before you lose your shirt. A short squeeze occurs when short sellers are scrambling to replace their borrowed stock, thereby increasing demand and decreasing supply, forcing prices up. Short squeezes tend to occur more often in smaller cap stocks, which have a very small float (supply), but large caps are certainly not immune to this situation."
    -http://bit.ly/1xAKCL7
    9 Jun, 11:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Patrick: "... that the MM's are filling a lot of the buy orders by selling short".

     

    That's certainly possible, and likely somewhat common(?), Patrick. But a more likely scenario is that that they received sell orders for shares not under their control. John believes my understanding of "control: is incorrect. But if not, when a sell order comes from an account not owned by the MM (or its owner) and the MM makes the sale the sale must be marked short by rule. So it is a short sale, however not short in the way we would think of it because the sell order from the account has the shares in the account backing the MMs short sale.

     

    If there were no other actions those shares would flow through the normal settlement process and eventually "net out" at the DTCC so the MM would go from net short, due to the sale of shares not in its control, to market-neutral as the shares backing the account's order were transferred to the MM's account.

     

    "... With continued buying pressure they will be forced to "cover" by buying shares themselves".

     

    As you can see, if the above is correct there will be no "forced to cover" because after typically three days maximum, the MM is no longer short.

     

    If John is correct about shares transferring to MM control upon receipt of the sell order there would be no short sale, by rule, and the MM would not be short and, again, no "forced to cover".

     

    "... which will raise the bid. Is this accurate?"

     

    If an MM where to ever get too far away from the market (e.g. MM is short xxx shares at ... $1 and market is $1.5 and rising), it's possible, but unlikely. MMs operate in reverse of us'ns. We buy low and sell high, hopefully, and MMs "sell high and *then* buy low". From the paper I read (link somewhere but buried deep), purportedly from one who worked in market-making, the strategy is to try and stay near market. based on the belief that *eventually* prices re-trace. So the MM shorts ever-larger quantities of his current short position into rising prices.

     

    E.g. Short 100 @ $1, market moves to $1.5, MM shorts ... 500(?) at $1.5. Average cost is now very near market. W/o doing the math ...

     

    Now market reverts to the mean, say $1.25, and MM covers 600 shares at $1.25. Probably actually made a profit overall.

     

    The "raise the price" opportunity *does* appear if a large number/quantity of non-MM folks are short. This is for two reasons: unlike the MM who by rule can "naked short", these folks *must*, by rule, borrow before they can short, and the "borrow" has costs (high interest rate) associated with it. As time passes the interest charges may become excessive and shares may become harder and/or even more expensive to borrow.

     

    These are the folks that would be the cause/victims of any "short squeeze".

     

    "... Why do you say this relationship is "expected"?".

     

    Two reasons, one deduced and the other empirical. The deduced one is applying the knowledge that "sell high and *then* buy low" presents an opportunity and an incentive to the MM. *Most* short sales, I *believe*, are generated when the MM sits on the offer (maybe naked, but probably not that common?) and a buyer comes in and takes quantity. Often (usually?) this generates a short sale. Another portion will be from the sell orders described above that hit a bid, maybe, or are taken at the ask. With MMs trying to make money, I believe most will be the first case because they can "sell high and *then* buy low".

     

    I track daily buy and short sales percentages, which produces the empirical support. Just look at my charts and you can see a relatively strong correlation in directional move of buy and daily short percentage, but not *strongly* correlated in magnitude AFAICT. This lack of correlation in magnitude is a result, I believe, of the different "market positions" the MM may be in at the time and opportunities they have at the time.

     

    This chart behavior *seems* to suggest that my understanding and deductions are correct.

     

    "From investopedia: ..."

     

    For non-MM shorters this is likely valid. But MMs are exempt from the borrow rules (i.e. they are allowed to "naked short") and their position in the market gives them special advantage. I would be very surprised if MMs found themselves "out of position" with any great frequency in any equity. And when they do they will generally be able to 1) correct the situation by moving the market with additional shorts on low-volume periods, and 2) remain close to market, awaiting the re-trace, by naked shorting ever-larger quantities into the market.

     

    BTW, note that option two also has the effect of assisting the market to go lower - rather a sweet set-up, no?

     

    MHO,
    HardToLove
    P.S. More extensive discussion of all this are in headers of some of my (much?) older blogs. Some incorrect stuff will likely be there too as I've been on a very long and still early(?) learning curve regarding market mechanics. But I am tenacious.
    10 Jun, 07:35 AM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    JP,

     

    Are you still waiting for the daily short sales to be in the single digits to support your belief that the PIPErs are completely gone or have you reconsidered?

     

    TIA
    10 Jun, 11:20 AM Reply Like
  • RuggedDC
    , contributor
    Comments (182) | Send Message
     
    So I received the consent solicitation from TDAmeritrade today (three accounts, three envelopes) and read it.

     

    I don't know what this says about the caliber of the law firm Axion is using, but I found two typos. 1) Page 11, second paragraph, fourth line, "by" should be "but." 2) Exhibit A, Amendment 2, first line, "reality" should be "relative" (unless this is a truly arcane legalism).

     

    Something I found new and interesting is that the Board of Directors dissolved its former "technology committee" in March of this year (2014). [Page 15, paragraph 5.]

     

    Still galling is that bailing CFO Graham 'visited' the company for NOT EVEN six months and received a gift of 900,000 options CURRENTLY IN THE MONEY! with a strike price of 15 cents. [Page 20.]

     

    I think it incompetent that Axion management failed to require some minimum multi-year period on the job for him to keep this gift. I think management failed again in not finding some means to pressure him to surrender this option when he left Axion in the lurch by bailing early. This seems to reflect Axion's foreboding penchant for ignoring the 'fine print' of things, like, for example, the infamous PIPEr plan.

     

    And I think it should reflect poorly on Stephen Graham's character that he did not voluntarily surrender the unearned gift when otherwise not required to surrender it.

     

    Ah yes, BTW: I'll vote in favor of both proposals.
    10 Jun, 01:03 AM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    "CURRENTLY IN THE MONEY!"

     

    I believe there was indeed a vesting schedule, though a chunk vested immediately. However, at today's close of .156, the 900k options at .15 represents a profit of $5,400 for Graham, should he exercise today.

     

    I think a corporate lawyer might be better to say for sure, but I thought when you leave a company you commonly had to immediately exercise your options or forgo them. So if Graham has shares, essentially he's shouldering the same risk as us now.
    10 Jun, 01:30 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    Mr. Graham's option to purchase 900,000 shares was subject to forfeiture if he left the company. An option for 180,000 shares vested immediately and 20,000 additional options vested at the end of each month of service commencing October 2013. Under that schedule, a total of 300,000 options vested before Mr. Graham resigned. The other 600,000 options never vested. Normal practice in cases where an employee does not serve out the full term of his employment agreement is to cancel all vested and unvested options as of the termination date. I would be very surprised to learn that Mr. Graham's options were not cancelled.
    10 Jun, 06:03 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    Just voted on Scottrade. I'm a bit miffed the way they worded the second item to sound like you are voting for a decrease in authorized shares without mentioning that the post-split authorization will proportionally be a massive increase. This smacks of chicanery at its finest. I voted no in protest. It won't do any good but at least they'll know some people not happy about it.
    10 Jun, 09:37 AM Reply Like
  • Billion003
    , contributor
    Comments (128) | Send Message
     
    Nogoodslacker,
    This R/S - Issuance process has not been one that breeds trust between management and existing stockholders. It looks to be a possible bonanza for the "new issuance" shareholders when it occurs.
    I'll look to vote for changes on the board next time around - though my vote to do so will likely be diluted too much to be meaningful.
    10 Jun, 10:24 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2479) | Send Message
     
    "Issuance process has not been one that breeds trust between management and existing stockholders."

     

    The last four years have not been about breeding trust. Last time an effort was seemingly made was when TG attempted to alleviate the CC Q&A snafu.

     

    It's been more like circle the wagons, cross your fingers and hold on tight.
    10 Jun, 10:56 AM Reply Like
  • Billion003
    , contributor
    Comments (128) | Send Message
     
    Investing is supposed to be an informed process. Axion makes it difficult.
    So, can one blindly "cross fingers?" That's where I am.
    10 Jun, 12:07 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Hey, we'd all love more info from the company, but since Axion has been consistent, over long periods of time, in their approach to info sharing with investors, that approach should have already been baked into the stk price for a long time now.

     

    A separate thing is Axion having something to talk about. THAT'S the variable.
    10 Jun, 12:51 PM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    In this week's "The Economist"

     

    Neat idea on Hot/Cold Energy Storage

     

    http://econ.st/1oIzHuX
    10 Jun, 10:11 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    The Isentropic system is fascinating, but the engineering challenges are immense. Their website is here:

     

    http://bit.ly/12jVvVG
    10 Jun, 10:37 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    Interesting concept for stationary storage. They seem to have done a good job of minimizing thermal losses common to CAES systems. (This is not a CAES system.) It should be a highly scaleable system, as the primary energy "container" is basically gravel.

     

    They claim 72-80% round trip efficiency, which, if true, is excellent (about the same as most battery systems). The switching time from charging/discharging is claimed to be less than a second, which should be fast enough for limited FR, as well as longer term storage. Most of the capacity needs 4-6 hours to recharge/discharge, so is more appropriate for alternative energy stabilization, peaking, or possibly diurnal cycling.

     

    They have received a $22m grant (UK) and are building a prototype 1.5 MW/6 MWh plant. If they can actually produce close to the presentation, this could be interesting. Of course, that "IF" is very, very difficult in real life. Definitely some engineering challenges, but there is no "frikkin' majic" box required.
    10 Jun, 11:09 AM Reply Like
  • John Petersen
    , contributor
    Comments (29435) | Send Message
     
    I had dinner with them in Brussels a couple years ago and they seem confident that they'll be able to overcome the engineering issues and build a system that works. The devil of course will be optimizing system efficiency and proving durability.
    10 Jun, 11:39 AM Reply Like
  • DRich
    , contributor
    Comments (4417) | Send Message
     
    I am just a little suspect of that 72-80% round trip efficiency. Those silos must be very good thermos bottles. This system acts like a balloon.

     

    This reads like a variation of a Stirling Engine type process. An external heat engine. With Stirlings one of the largest problems is the heat exchange between hot & cold (never mind the mechanical inefficiencies for rotary or piston). This system completely separates the exchange process. Interesting.
    10 Jun, 11:56 AM Reply Like
  • dance621
    , contributor
    Comments (162) | Send Message
     
    Moules in the Grand Place. A cold glass of Jupiler. Staring into tbe eyes of Semra. Ahh, those were the days.
    11 Jun, 06:34 AM Reply Like
  • JamesBBecker
    , contributor
    Comments (172) | Send Message
     
    Not sure if people have talked about this before - I did a search and couldn't find it on the instablog:

     

    Ares North America uses rail cars pulled up a mountain to store electricity and then generate again on the way back down. Claimed round trip efficiency of 80%. Claimed capital cost of 60% of pumped hydro.

     

    http://bit.ly/1oJ4w2o

     

    If they get this to work, it would probably replace any battery storage if the geography is favorable. Doesn't do frequency regulation though.
    10 Jun, 12:03 PM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    Sounds like their response time would be much slower than batteries, let alone the PbC. Certainly won't compete in Axion's FR market target.
    10 Jun, 12:08 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    Rock 'n Rail! Talk about scaleable! Water rising? Grind down a mountain and drop it at sea level. Potential energy available? Unimaginably huge. Enough to grind down the mountain and power the world.
    10 Jun, 01:30 PM Reply Like
  • Deamiter
    , contributor
    Comments (153) | Send Message
     
    That's a great concept if it's really cheaper than pumped hydro, one of the cheapest forms of energy storage there is! Of course in order to be cheap it needs very high grades, so it's worthless out here in the middle of the country, but it'll be an interesting addition to the niche market of load shifting.

     

    Small lakes are pretty easy to build, but I wonder if there's some situation where a short rail line might be practical when a lake wouldn't work. Somehow I doubt it since it'd be easier to bury a pipe than a train track, but that might not be true for unventilated tunnels and dead weights which would be quite similar to water pipes. Heck, the "trains" could be designed to fit into large water pipes...

     

    Interesting, yes, and possibly viable if claims of the cost are accurate (since pumped hydro is absolutely viable) but the requirement of nearby mountains is pretty limiting.
    11 Jun, 09:57 AM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (693) | Send Message
     
    In the absence of hills/mountains how about building something like a very tall tower/elevator structure? When electricity is cheap elevate massive weights and when in demand drop the weights.
    11 Jun, 10:57 AM Reply Like
  • Deamiter
    , contributor
    Comments (153) | Send Message
     
    Albertin -- that's what watertowers are for (providing passive pressurization of water lines when power is interrupted), but unfortunately it takes a LOT of water to generate useful electricity. From Wikipedia (link below) one cubic meter of water at the top of a 100 meter tower can "store" 0.272 kWh of electricity. One of the smaller 1800 MW plants has a reservoir of 1.3 square miles, 110 feet deep, 363 feet above Lake Michigan.

     

    It'd be awesome to see a square mile of reservoir built over a city, presumably with a glass bottom so residents could still experience sunlight, but I'm guessing there would be permitting problems.

     

    http://bit.ly/1kOUEmZ
    11 Jun, 11:54 AM Reply Like
  • D-inv
    , contributor
    Comments (3881) | Send Message
     
    "In the absence of hills/mountains how about building something like a very tall tower/elevator structure? "

     

    Thanks to uncle sugar daddy the U.S. has seen lots of those things built since 2008. (I think they are called windturbines.) Maybe those investors TG talked about in the last CC are thinking about installing elevators in some of those towers and loading them up with PbCs so the don't stand idle when the wind stops.
    11 Jun, 12:55 PM Reply Like
  • JamesBBecker
    , contributor
    Comments (172) | Send Message
     
    HTL :: Trading today looks remarkably thin. $0.01 swings in price on very low volume. Some of the companies I dabble in have equally tiny volume with big bid/ask spreads.

     

    The common denominator appears to be a business model with reasonable (to big) upside potential coupled with a cash losing current operation which will require further dilution in the future. Buyers want in on the potential, but don't want to be the sucker that gets diluted down in price in the future.

     

    My position in the company is large enough to be happy with the long term potential, but I'll only add more if the valuation/price becomes compelling. My own estimation of compelling is probably in the $0.13-$0.14 range. I imagine that's what your TA calls "support".
    10 Jun, 12:11 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    James: On traditional TA the only support around $0.14 is untested and only from tops (resistance) of some sideways trading and and a price spike 1/21/2014 where it acted as resistance. The only evidence of support was a week one back in the 6/26/13 - 7/15/13. One the second occurrence intra-day penetrated and closed below. Fortunately, the next day it did not confirm and we got a rise out of it.

     

    Next time pps went down there, 8/6/13, we didled around, above and below that price, until 8/22/13, when we broke through below and never recovered until the push up 3/5/14 - 3/10/14.

     

    I wouldn't consider $0.14 a strong support point.

     

    $0.13 doesn't even enter the equation - it only acted as support on entry to a sideways trading range two days, 4/16-4/17, where support was tested in the mid-$0.12 range and proved itself..

     

    Mid-$0.12 might as we reversed off it 7/15/13, it acted as resistance 2/5/14 and offered support 5/1-5/2, ending with stepping up shortly thereafter.

     

    MHO,
    HardToLove
    10 Jun, 12:28 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    "The only evidence of support was a week one back in the 6/26/13 - 7/15/13"

     

    s/b "The only evidence of support was a weAk one back in the 6/26/13 - 7/15/13 period"

     

    HardToLove
    10 Jun, 01:13 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    OT, though we've occasionally talked about the fork lift market

     

    Building a better forklift truck

     

    Fork off

     

    Jun 9th 2014, 15:07 by S.G. | COLOGNE

     

    http://econ.st/1oJ9T1z

     

    Economist ... limited free reading if you're willing to register

     

    "Karl Heinz Wehking of the University of Stuttgart and his colleagues have stripped away from a forklift everything not needed for the task of carrying things: the engine compartment, the steering wheel and other driver controls, the rest of the body, and the mast up and down which the fork moves. All they have retained are the two, now separate, tines of the fork itself.

     

    These skids, as Dr Wehking calls the liberated tines, are no longer dumb pieces of iron. Instead, they ride on four wheels of their own, each of which has its own electric motor. This means every wheel can rotate either forwards or backwards independently of the others. Each skid also has sensors and a control unit that, among other things, keeps it parallel with its buddy as they move around a warehouse floor. The result is two sleek metal beams narrow and low enough to glide under a standard EURO pallet."

     

    No mention of how the electricity might be stored/provided ... but do enjoy the "outside the box" thinking ... at least until they make a horror movie or murder mystery out of these things ...
    10 Jun, 12:24 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2093) | Send Message
     
    WTB,
    Sounds good till you want a pallet from the top of a stack of 4 or five high.

     

    Maybe set up for an automated warehouse to stage at the dock?
    10 Jun, 12:49 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    Gives "libertines" a whole new meaning
    11 Jun, 08:41 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    Through 12:29, prior to the two subsequent 10K buys at $0.1623, buy:sell was 1:17.55 (04.26% "buys"). Thous two 10K buys move us to 1:2.96 (25.25% "buys").

     

    Odd fishing early this A.M.? 100, 300, 500, 250 share trades, all at non-published trades of $0.156, in-between bid and ask. Probably just intra-broker trades where matches could be made rather than fishing though..

     

    Or maybe they *are* trying to fool us?

     

    HardToLove
    10 Jun, 12:54 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    My Altoona contact graciously shared some time ...

     

    Q; Any thoughts on whether there could (and will) be any "stealth" testing of NS-999? Anything "practical" that could be done totally inside the building and thus out of sight?

     

    A: The shop has a load test cell where they can connect a locomotive and test it as if it were pulling a train, but without moving. With 999 being so different than anything else, I'm not sure if they can even use it. Otherwise, there isn't really any indoor space to test it. Most of the track at the shop is behind buildings and away from prying eyes, particularly the test track, which is about 1/3rd mile long.

     

    Q: Heard any buzz about among the first to "engineer" this baby? (sorry if that's not the right term!) Are their people vying for that "honor" or is that something a program manager decides without input from the "troops?" Do you anticipate any special training, or is it pretty much intended to be obvious to an experienced person? Are most/all of the testers of Gen-1 still around?

     

    A: Of the few people who ran 999 previously, only one has retired. To be honest, only a few people really care to have anything to do with it, and they're not the same people who ran it already. When they're ready to test it in the yard, they'll call an extra engineer most likely, then instruct him on the spot on the basics, then expect him to take it from there.

     

    Q: Is Altoona regularly staffed (such that there might need to do some roundhouse "switching") on 2nd or 3rd shift?

     

    A: Juniata works all hours of the day and they've been known to also move engines around at all hours of the day.

     

    Q: If not both 2nd and 3rd, are their ever priority projects worked on 2nd or 3rd shift (and not having another public failure (or just normal "bug fixing") seems to be a priority!)?

     

    A: I can't be sure, but I'd say there's a good chance 999 is only getting work done on 1st shift when management is around.

     

    Q: We've seen pics of the "cover" that was removed, but I take it the racking cases are quite different than on Gen-1, and I believe something was said about the new ones being taller. Can you tell me anything about how (or if?) these new racks will be covered ... will they still use/adapt the old cover?

     

    Seemed like a lot of "doors" on those racks, and that it would be nice to have "easy" access to, but I guess the hope is that not much (or often) access will be needed, and maybe removing the cover is pretty fast, easy, and trivial ...

     

    A: The old hood won't be used. The new racks are too large and barely fit on the the engine as it is. They tell me it will get painted as-is. They also tell me the batteries have not be installed in the racks yet.
    10 Jun, 01:06 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    Thx, WTB.

     

    And this from AltoonaWorks' fb site, a little while ago today:

     

    Q: Hi AW. Wondering if you have an update on the progress of the 999. Last I heard it was hopefully going to be out testing in the yard this month. Thanks.

     

    A: It should be getting its paint touched up soon, then the batteries installed into the racks. It shouldn't be too much longer.
    10 Jun, 01:11 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    WtB: Great sleuthing - thank your contact for us!

     

    I hope I'm wrong, but I suspect June "Big News" out of that is at risk.

     

    But good to be informed with "best guess" insider knowledge regardless.

     

    Thank you!

     

    HardToLove
    10 Jun, 01:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17245) | Send Message
     
    "... too much longer"

     

    Ethereal or RR time? :-))

     

    HardToLove
    10 Jun, 01:33 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1462) | Send Message
     
    PbCs not installed yet?

     

    AYFKM?!?!

     

    wtb, well done! much appreciated!
    10 Jun, 01:49 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Thanks WTB!

     

    Maybe they don't want to get over spray on everything when they spray the new battery box cover.
    10 Jun, 02:03 PM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    Sounds like not much work is left before they roll out, so a mid-June date is likely on schedule. At first we were worried about the hood, but that's no longer a concern.
    10 Jun, 02:44 PM Reply Like
  • Billion003
    , contributor
    Comments (128) | Send Message
     
    Where is my acronym dictionary?
    10 Jun, 03:07 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (828) | Send Message
     
    AYFKM = Are you freaking kidding me... (polite form)
    10 Jun, 03:14 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    If it is 900 batteries at 5 min per install, that is 75 hours installation, before testing and QC. Assuming two man team, this may be too fast.

     

    That's two weeks after the paint dries, and then some load testing with infrared cameras to check the connections. My guess would be another 72 hour equalization charge after that.

     

    My best guess is August. (Somebody will get a summer vacation, right?)
    10 Jun, 04:08 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (864) | Send Message
     
    If it is true that the batteries are not even installed yet, I don't see how it is possible that it will roll out of the shop under its own power during the month of June.
    10 Jun, 04:10 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    I knew we would reach some milestone that got pushed back while we got to actually watch actual paint actually dry...

     

    It was inevitable.

     

    The gods are laughing.
    10 Jun, 04:19 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    Jeez, can't we just slap an Axion-Inside sticker on each rack and call it a day?

     

    It's a Edmund-Freaking prototype after all ...

     

    The "management" of this project never ceases to amaze ...
    10 Jun, 04:35 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Rick, Well it is a 24 hour operation.

     

    I can recall working for months 16+ hour days, 7 days a week. But then the projects I had just happened to have deadlines when they had to be done or I would have been. The NS 999 program seems not to have such metrics like an err uh timeline. Then again it could just be the priority assigned. What's important to us might not be for them.
    10 Jun, 04:49 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    ii - Or they could assign 12 people to the job.

     

    Or, they could have completed the whole project a year or more ago.

     

    But they didn't.

     

    I doubt neither their management nor Axion's wants the graveyard shift to do the installation.
    10 Jun, 05:04 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Rick, It's called training and oversight. But I do understand your perspective about different shifts having different capabilities. All manageable if you care to manage. Then again, priorities.
    10 Jun, 05:25 PM Reply Like
  • mrholty
    , contributor
    Comments (820) | Send Message
     
    Its why as much as I like our former NS mgmt. I always chuckled at his statements of NS being the best of the best. CSX mocks NS and vice versa.

     

    I used to be in regular attendance of a bunch of transportation conferences with airlines/rail/etc there that would be sponsored by the brokerage houses. You could see very quickly who was top flight and who wasn't. I never remember being blown away by NS but that was pre-Wick. They were competent but never #1. I was very impressed with Hunter Harrison but I've listened to two calls with Wick Moorman and have been impressed. They've done a good job especially with the coal issues over the last few years which is commendable. The execution on this project from the outside seems to be either:
    poorly done or not important to the company.
    10 Jun, 05:43 PM Reply Like
  • Ranma
    , contributor
    Comments (1395) | Send Message
     
    Why are we making a big deal of this? What am I missing here? It's 900 batteries, sure, but can't a dozen people move them and get it done in an hour or two? All you have to do is string them up afterwards. I don't see how the mid-June date is impacted.
    10 Jun, 05:44 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    " The execution on this project from the outside seems to be either:
    poorly done or not important to the company."

     

    Mr. Holty, Couldn't be more obvious for sure. Given the time lapse I'm guessing the latter but it could be they changed some of their test plans post some or their initial shared timing. It's sure not helped Axion that's for sure.
    10 Jun, 05:51 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Going from June 10th to August seems glacial but you're likely much closer to the correct date than those who assumed before Fathers day.
    10 Jun, 05:59 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    To slip from a former 2013 timeframe until 2014 Summer (mid/late) suggests the latter.
    10 Jun, 06:03 PM Reply Like
  • SMaturin
    , contributor
    Comments (2096) | Send Message
     
    Ranma,

     

    What if that magic number of 72 volts for the chargers means the batteries are pre-assembled in already-charged groups of six, on trays that can be slid into the racks with a fork lift?

     

    That is 150 modular trays to install using power equipment and connect the final cables. Time saving design. Seems to me a more sensible way to build something heavy that will need periodic inspection and maintenance.

     

    I doubt the engineers and techs who designed and built this beast wanted to hand carry 900 batteries weighing 70# each up a stepladder into the tight confines of the new racking system.

     

    Just sayin.'
    10 Jun, 06:06 PM Reply Like
  • bazooooka
    , contributor
    Comments (2322) | Send Message
     
    Hmm, be darn nice if they throw 12 people at it. But unless you think they can do faster than a batter a minute each then it will take more than an hour. Really the hours allotted for this are likely in the dozens and the crew likely will be low single digits; imho.
    10 Jun, 06:06 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2476) | Send Message
     
    SM, no kidding. Hilarious visual!! roflmao

     

    I thought someone posted patent info or a pic showing trays/modularity.
    10 Jun, 06:27 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2162) | Send Message
     
    Ramna, I betcha you you can't even get ONE battery changed out consistently at your dealer in an hour.

     

    Not making a big deal, just explaining the process.
    10 Jun, 06:27 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    " The execution on this project from the outside seems to be either: poorly done or not important to the company."

     

    There is a third option, which I have raised here several times:

     

    #3. OR the company is waiting patiently for Washington to pass a comprehensive Transportation Bill that will clarify winners, losers, and provide risk-sharing and political/corporate cover for projects like this one.

     

    DRich and I had a good exchange just upstream in this APC on this topic, and at the time he saw things breaking loose in July after (for instance) (R) Va. Eric Cantor won his Primary fight with the Tea Party. As of yesterday, he lost the fight, so now we see if a lame duck in the House Majority Leader slot does any better...

     

    I would just reiterate my own idea that we will see no such bill passed before 2015, at the earliest, and that the emergency stopgap which will be passed will not fulfill the hopes of entities like Norfolk Southern (among many others).
    11 Jun, 11:03 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    LOL, was just over on one of the Car sites I moderate and ran across an interesting take on tire inflation and its role in gas mileage.

     

    Its generally acknowledged that something between 60 and 80% of the nation's automobiles run around with underinflated tires. The estimates are pretty good that this costs us about 10% waste in terms of gas mileage numbers...

     

    Back when some cars began sporting remote inflation monitoring capabilities (and some also have the ability to top up underinflated tires automatically), it was widely thought that surely these would soon be government mandated items, due to the obvious fuel savings and emission reductions. (Anyone who sees a common ground with the micro-hybrid topic is on track).

     

    To date, and despite these systems becoming much cheaper and easier to install, they are not mandated by law.

     

    I see the glimmering of a corollary to the old saw about markets remaining illogical longer than one can remain solvent... Ie, governments can dither about logical regulation longer than one can remain solvent betting on them.
    11 Jun, 11:40 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    Seems like shipping the batteries in the racks from Texas via rail on the Crescent Line would have been an interesting more real world condition test.

     

    Wonder if they actually ever recharged them in Texas, or just used them uncharged as "place holders." For that matter, wonder if they shipped them all to Texas, or just however many it took to fill one rack for various testing purposes.

     

    Once this is all done, wouldn't ya just love the NSC version of

     

    http://bit.ly/1oJKt4b

     

    though I guess it would be pretty hard to find any drama of urgency in this project ...

     

    I think Plan B is for one of us to Brainwash one of our kids or grandkids to major in Rail Transportation Engineering

     

    http://bit.ly/1oJKtkq

     

    and then get a job at NSC and report back.

     

    Could take a while to pay off, but hey ... we're kinda used to waiting for payoffs ...
    10 Jun, 02:49 PM Reply Like
  • greentongue
    , contributor
    Comments (731) | Send Message
     
    Wouldn't it be interesting if they are taking shipment of new batteries for the NS-999 and continuing testing of the old batteries to determine their failure points.
    10 Jun, 05:18 PM Reply Like
  • mrholty
    , contributor
    Comments (820) | Send Message
     
    The one thing I never understood is why did we hear the batteries were in Texas in the first place?
    10 Jun, 05:47 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    Just a reminder for you upstart owners..

     

    Intersolar Europe 2014: Battery maker Trojan claims ‘Smart Carbon’ improves cycle life by 15%

     

    http://bit.ly/1oJJ2mh
    10 Jun, 02:50 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    Don't ya love the differences between headline and articles:

     

    Actual text: "as much as 15%"

     

    Wiggle on, Dude.
    10 Jun, 03:01 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2380) | Send Message
     
    if you click through to the "club version" ...

     

    "Jana went on to give some rough figures on the performance of batteries made with Trojan’s ‘Smart Carbon’.

     

    “[How long the batteries will last…] depends how deeply you discharge the cycle. Our industrial flooded line, at 50% depth of discharge can give you something like 2,700 cycles. If you assume that you’re cycling it once a day, it can give you about eight to nine year life. An AGM battery, at 50% you get 1,000 cycles, so that is about a three year life. It depends on which battery or family of products you’re looking at.”"
    10 Jun, 03:05 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    "New and (maybe) Improved".

     

    History rhymes I guess. Eh, WTB.

     

    "A silly mm longer"?

     

    http://bit.ly/1oJQhKS
    10 Jun, 03:12 PM Reply Like
  • Patrick Young
    , contributor
    Comments (939) | Send Message
     
    At the risk of being very wrong, I predict the next high volume event (>1 milllion shares) will retest 20 cents intraday.

     

    I also predict PowerCube surprise will precede NSC update.
    10 Jun, 03:31 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    PY,

     

    Would you please pass that hopium joint my way?? ;-)).
    10 Jun, 03:49 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    June 10th, 1/3 of June behind us.

     

    Status of TG's last predictions:

     

    New CFO by end of May.
    999 out of shop first week of June.
    BySolar launch early June.
    EPower.

     

    We have to be getting closer with each passing day!

     

    Thanks for passing me that hopium joint! ;-))
    10 Jun, 03:55 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    I just hope the time stamp on those events ends with "...2014".
    10 Jun, 03:56 PM Reply Like
  • iindelco
    , contributor
    Comments (8751) | Send Message
     
    RBrun, You forgot "significant sales".
    10 Jun, 03:57 PM Reply Like
  • RBrun357
    , contributor
    Comments (781) | Send Message
     
    ii,

     

    You are correct, I apologize.

     

    How could I have forgotten that one?
    10 Jun, 04:01 PM Reply Like
  • Amouna
    , contributor
    Comments (1455) | Send Message
     
    Either TG's crystal ball is the worst I have ever seen, or he is living on a different planet. Either way, his predictions are very disconnected from the reality "on the ground"

     

    Pass me the joint after you RBrun ;) thanks
    10 Jun, 04:19 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2479) | Send Message
     
    Or he is just full of malarkey.
    10 Jun, 05:41 PM