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  • axion-nl
    , contributor
    Comments (180) | Send Message
     
    number one :)
    31 Jul 2014, 06:33 AM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    Number Deux ;)
    31 Jul 2014, 06:41 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Tercero!!!
    31 Jul 2014, 07:00 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Tortoise!
    31 Jul 2014, 07:39 AM Reply Like
  • greentongue
    , contributor
    Comments (902) | Send Message
     
    Tomorrow starts August. Will NS-999 testing also start?
    31 Jul 2014, 08:30 AM Reply Like
  • axion-nl
    , contributor
    Comments (180) | Send Message
     
    I emailed the PR staff of NS and they confirmed that begin august NS 999 will see daylight and will begin testing!
    31 Jul 2014, 09:06 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Axion-nl: that be welcome news!

     

    HardToLove
    31 Jul 2014, 09:16 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1053) | Send Message
     
    Even better news would be when it is finished testing and put to work in the real world.
    31 Jul 2014, 09:26 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    07/30/2014: EOD stuff partially copied from blog (up now).
    # Trds: 27, MinTrSz: 50, MaxTrSz: 100000, Vol: 340206, AvTrSz: 12600
    Min. Pr: 0.1000, Max Pr: 0.1087, VW Avg. Tr. Pr: 0.1047
    # Buys, Shares: 8 41400, VW Avg Buy Pr: 0.1044
    # Sells, Shares: 19 298806, VW Avg Sell Pr: 0.1047
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:7.22 (12.17% "buys"), DlyShts 7100 (02.09%), Dly Sht % of 'sells' 2.38%

     

    Yesterday we closed below my descending support for the second consecutive day, confirming a break out lower on falling, but still “big”, for us, volume. Today one of our “outliers”, based on size misdirects us by closing above the line with a 100K sell at $0.106. The next lower priced large trade was 789K at $0.104, below the line. Regardless of these two trades, which represented ~56% of the day's volume, our VWAP fell as volume fell.

     

    So I don't believe this “bullish” sign, especially because the 100K was taken by ATDF at a time when ETRF was battling them with it's own 100K bid. They walked each other up in the last half-hour of the day.

     

    As long as VWAP declines I'm sticking to my belief that the $0.10x area won't be that strong a support (yet to be seen) and that low $0.09x seems to be a potential stronger support area.

     

    Looking at today's stuff ...

     

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

     

    HardToLove
    31 Jul 2014, 09:16 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Achh! "789K" -> "89K"

     

    HardToLove
    31 Jul 2014, 09:18 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    Remember Green Charge Networks, the battery agnostic integrator that I hope VD has at least tried to get an audience with?

     

    Just raised $56M ...

     

    Green Charge, founded in 2009, is marketing energy storage technology for commercial and industrial customers, including 7-Eleven, Walgreens and UPS. Commercial clients are eager to reduce the costly demand charges that make up big portions of their electric bills.

     

    The funding round will allow Green Charge Networks to deploy its PEA, or Power Efficiency Agreement. Using a financing model similar to the solar PPAs that are all the rage, Green Charge will own and operate the energy storage system instead of the customer.

     

    http://bit.ly/1qNjWpW
    31 Jul 2014, 10:48 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    Tesla and Panasonic moving forward?

     

    http://mwne.ws/1qNkkF5
    31 Jul 2014, 10:51 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    "Tesla projects that the Gigafactory will employ about 6,500 people by 2020." Smart idea - make yourself too big to fail.

     

    Tesla is the new Brawndo.

     

    D
    31 Jul 2014, 11:37 AM Reply Like
  • SMaturin
    , contributor
    Comments (2302) | Send Message
     
    Where does Tesla hide the jewels? Under a fig leaf?

     

    Perhaps Da Musk is too fig to bail.

     

    Just gotta put it out there. ;-0
    1 Aug 2014, 12:07 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    Sharp getting in the game ... eyes installing 50MW within 3 years ... Wasn't there supposed to be a sales guy or gal focused on Hawaii or California by now?

     

    http://bit.ly/1s6ZA8v
    31 Jul 2014, 10:57 AM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Stefan, Over a year ago we were suppose to see the sales/marketing staff expended when we went commercial. I never saw any evidence of this happening but it could have?
    31 Jul 2014, 12:05 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Iindelco: I think they have been "expended", but not "expanded"! ;-))

     

    Well, at least the $ was "expended" and apparently not "expanded".

     

    HardToLove
    31 Jul 2014, 12:08 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    HTL, Hey, I spell check worked! ;-P
    31 Jul 2014, 12:14 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    I guess they are using that part of the budget to keep TG on the payroll.
    31 Jul 2014, 12:15 PM Reply Like
  • SMaturin
    , contributor
    Comments (2302) | Send Message
     
    HTL,
    expended is Congress's job. Expanded is Yellen's job.

     

    Let us hope that Trego and successors know the difference.
    1 Aug 2014, 12:09 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    linked by the article SM referenced:

     

    http://bit.ly/1o04wNh

     

    "With recently signed distribution agreements and initial product orders, Sharp has begun to successfully collaborate with California-based project development allies to roll out SmartStorage to business owners throughout the state. Over the past 18 months, SmartStorage has undergone rigorous quality assurance testing, with performance and reliability validated at a commercial building pilot deployment in downtown San Diego."

     

    wonder if they've got 18 months of data to share ... or if not, just how much.
    1 Aug 2014, 05:24 PM Reply Like
  • bubbleking
    , contributor
    Comments (148) | Send Message
     
    It seems like green storage is everywhere with a thousand different players trying to gain a position. I feel like we need a sales staff dedicated to carving a focused niche for this massive arena, in addition to the other market opportunities. Anyone want to pony up several million to make this happen?
    31 Jul 2014, 11:22 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    BBK: Maybe we could just hire a squad of hit men to open up the field a bit. ;-))

     

    HardToLove
    31 Jul 2014, 11:30 AM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    8-K re Averill loan interest roll-up, ramping interest, due eoy OR at $10m financing, AND secured on IP and fees paid too, he's looking after himself, which I can only say has to be sensible.

     

    PS: Having read the full doc that 48' posted, I see it is ALL the IP (well that's how I read it):
    "The collateral of this Security Agreement consists of the following:
    1. All of Debtor’s intellectual property"

     

    http://bit.ly/1qNtj9d

     

    ITEM 1.01 Entry Into Amendment to a Material Definitive Agreement.

     

    On June 30, 2014, the Company entered into an amended note (“Amended Note”) with respect to that certain $735,000 principal amount subordinated note issued to Robert Averill on May 7, 2013. The Amended Note increases the principal amount to $801,049 which is the original principal amount of the subordinated note plus accrued and unpaid interest to June 18, 2014. The interest rate on the note was increased to 9% per annum commencing June 30, 2014, and the interest rate increases by 1% per month, commencing on September 16, 2014 until the Amended Note is paid in full. This Amended Note extends the maturity date to the earlier of December 31, 2014 and the date on which the Company consummates one or more financing transactions of at least $10,000,000 in the aggregate. The Company also agreed to secure its obligations under the Amended Note with a lien on certain of its intellectual property assets. The Company has also agreed to reimburse Mr. Averill for his legal fees, not to exceed $25,000, in conjunction with the Amended Note.
    31 Jul 2014, 11:49 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Onerous terms as to rate increase.

     

    Sounds like put up time for the prospects that have been on the burners for so long and/or a hefty capital raise beyond our possibly envisioned "keep the doors open" amounts when the RS and uplisting occurs.

     

    Also, the onerous increase rate suggests that Averill sees increased risk, ergo higher rates needed to offset that.

     

    MHO,
    HardToLove
    31 Jul 2014, 12:05 PM Reply Like
  • geopark
    , contributor
    Comments (318) | Send Message
     
    More onerous to me is the collateral:
    1. All of Debtor’s intellectual property.
    2. All substitutions, replacements, developments or accessions of the above-described collateral.

     

    Yes, the interest rate + monthly increases seem high but my hopium says that Mr. DiGiacinto has other financing coming or close so the note will be quickly retired and the interest rate moot.

     

    Hope your assessment is more accurate 481086.

     

    Does anybody know if this information would have been valid reason for the rumored "quiet period"?

     

    Note too that the agreement was signed by Mr. Granville on his last day as CEO.
    31 Jul 2014, 12:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    The rate increases are a non-issue as long as the next financing round is wrapped up in a timely manner. Since Axion's cash runway doesn't extend beyond the end of Q3 the terms don't look all that onerous. I think it looks like last minute corporate clean up before the next financing round can be closed.
    31 Jul 2014, 12:17 PM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    Actually, I just don't get it, Axion have apparently "handed over" all the IP just to roll-up the interest? Did Bob have the IP as security for the original loan, he must have?
    He could be the only winner out of this, or is this a way to protect the IP as he has agreed some deal to sell it back after/if Axion default and disappears down a financial black-hole.
    31 Jul 2014, 12:25 PM Reply Like
  • geopark
    , contributor
    Comments (318) | Send Message
     
    If the note is paid off as per my comment above, the intellectual property will be de-collateralized and safe again with 'us'.
    31 Jul 2014, 12:36 PM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    .. Or maybe they assigned all the IP to a friendly player so that no one in the next financing can request it as collateral.

     

    This of course works both ways in that some potential well-intentioned financier might back out because they can't get that security.

     

    Or maybe there is a deal that Bob gets paid off by the next financier and assigns his right to them.

     

    I am getting so pis'd off here, we want sales news not financing news. Well actually almost any news except financing news would be good.
    31 Jul 2014, 12:44 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Basically, given what Bob has done to support the company, if these guys can't put financing together before this date it's best that BA gets the asset. He needs to protect his interests which have been considerable since day one. This does that.
    31 Jul 2014, 12:46 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Iindelco: "This does that".

     

    I don't know. If we haven't been able to get adoption of the technology going with all the tier 1 folks that have validated it, one that apparently will implement it, ...

     

    If there's little or no market, how much protection does it really offer?

     

    It's better than nothing, but might be pennies on the dollar if he can find a buyer at all.

     

    MHO,
    HardToLove
    31 Jul 2014, 01:00 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    HTL, IMO the technology will find a market that is considerable vs BA's risk at some point. The big problem with Axion for the asset holders right now is that time is costing them an arm and a leg. For anyone that doesn't have to pay the rates* that Axion is paying to keep the doors open it gets far easier.

     

    *By rates I mean interest rates and Axion currency.
    31 Jul 2014, 01:13 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    John, Could you provide a little more commentary on this, please? As to the timing and the IP issue, in particular.
    31 Jul 2014, 02:01 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    I already said it looks like last minute corporate clean-up before closing a financing. I see no meaningful risk that Bob Averill or anybody else will be able to walk away with the IP for chump change.
    31 Jul 2014, 02:10 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    Am I reading this right? Axion owes him less than 1 million, but unless they can raise 10 million, he gets everything worth anything from Axion, which is far more than the debt owed him?

     

    With collateral like that, worth many multiples of what is owed him, what's to keep Averill from sabotaging every effort by Axion to obtain the financing he specifically requires? I have the feeling that we now know who PbC Believer is.

     

    I doubt I'll be the only one looking for a class action lawyer if this goes wrong.
    31 Jul 2014, 02:13 PM Reply Like
  • abcd9876
    , contributor
    Comments (69) | Send Message
     
    EM - Averill could have forced a default now rather then agreeing to the extension if that was the intent. That's why the terms. He would want to get his cash back - which depends on successful financing, so I would not worry about sabotage. Given the amount, Axion can raise it tomorrow if it wants to but as expected, the priority is to secure >10mm as/when they do the financing, not piecemeal needed just to pay Averill off now.
    31 Jul 2014, 02:23 PM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    "Am I reading this right?" I would say "no", Axion does not have to raise $10m, but if they do, Bob gets immediate pay-off, if they don't raise $10m the deadline to repay is eoy.

     

    Maybe this is meant to be a subtle hint as to how much they intend to raise. Who the f' knows what is going on, even if there was any information to be usefully made public there's certainly no chance the so-called "IR" dept will be telling us the mushrooms anything of use/interest.
    31 Jul 2014, 02:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    Axion can repay the note at face whenever it wants. If, as and when Axion raises at least $10 million in new capital the due date will be accelerated. I see no hidden gotchas in either the 8-K or the contract.
    31 Jul 2014, 02:37 PM Reply Like
  • Bob Averill
    , contributor
    Comments (220) | Send Message
     
    My name is Bob Averill,

     

    I continue to support Axion in every way possible.

     

    I also continue to own as many shares of AXPW as ever, which is well north of 3,000,000 shares.

     

    My recent loan to Axion is simple and easily understood. It was negotiated for me by my lawyer and there is no hidden agenda of any kind associated with that loan.

     

    Axion's management needs our full support at this point in time and they have mine.

     

    Sincerely
    Bob Averill
    31 Jul 2014, 06:11 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10099) | Send Message
     
    Thanks for commenting, Bob.

     

    Enjoyed our past pow wows.
    31 Jul 2014, 06:18 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    Many thanks Bob.
    31 Jul 2014, 06:19 PM Reply Like
  • raleigh731
    , contributor
    Comments (296) | Send Message
     
    Thank you, Mr. Averill. This is very reassuring.
    31 Jul 2014, 06:29 PM Reply Like
  • greentongue
    , contributor
    Comments (902) | Send Message
     
    Can we also have a confirmation that the handle "Bob Averill" is owned by the actual person that it is assumed to be?
    31 Jul 2014, 06:53 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    Many thanks for the clarification Mr. Averill.
    31 Jul 2014, 06:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Greentongue: I don't know of any way to confirm that on SA.

     

    HardToLove
    31 Jul 2014, 07:08 PM Reply Like
  • geopark
    , contributor
    Comments (318) | Send Message
     
    Thank you for your comment and sentiments Mr. Averill, much appreciated.
    31 Jul 2014, 07:25 PM Reply Like
  • thotdoc
    , contributor
    Comments (1774) | Send Message
     
    This is the correct interpretation of the events. I've been through this as board member of a small company that went under.
    31 Jul 2014, 07:34 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Mr. Bob Averill:

     

    Buenos días, Gracias for his support.

     

    Saludos-Carlos
    1 Aug 2014, 08:41 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    PB,

     

    First, what did I say that made you decide to start stalking me again?

     

    Second, seeing as it is impossible to discern your "area of expertise" from your input here, how about you tell me your background so I can uninvite you from participating in conversations about anything else.

     

    Thanks in advance for your anticipated cooperation.

     

    Ed
    1 Aug 2014, 09:11 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Thanks Bob!

     

    To all the conspiracy theorists: Here is the only info you need to know about Bob's intentions: "I own north of 3,000,000 shares".

     

    I am reminded of what my parents used to say about things I objected to for lack of understanding: "...when you have your own kids..."

     

    Get long or go home.
    1 Aug 2014, 01:49 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    Two comments above, at this point in time, I posted to PbC. It seems the little back-n-forth thread has since been deleted, but left this orphan. I won't go further into detail even for those interested. Just saying.

     

    Credit where it's due to the APH: Triple AAA Level Head.
    1 Aug 2014, 03:51 PM Reply Like
  • 481086
    , contributor
    Comments (3450) | Send Message
     
    looks to be something under the "tidying up" category--

     

    http://bit.ly/1qNtMZ1
    31 Jul 2014, 11:53 AM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    I don't get it why does he get the intellectual property? What is going on here? Was that in the original agreement?
    31 Jul 2014, 12:22 PM Reply Like
  • geopark
    , contributor
    Comments (318) | Send Message
     
    FWIW . . 25Ksh buy order (sub .10) placed @7:30am PT will be left in place (money where my mouth is dept, MWMMisD)
    31 Jul 2014, 12:39 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    the 8k filing means literally that the PbC is here to stay, Axion Power ? Not so much in BA's thinking.

     

    This whole thing stinks big time. Can't wait for cc and we MUST know the truth!!
    31 Jul 2014, 12:43 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    I also think that we can't afford to wait till September for a last minute capital raise. Next stop for the pps will be in the low single digits by then...
    31 Jul 2014, 12:46 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Amouna, Nothing bad going on here IMO. It's just BA making sure that he stands in front of any other creditors until he's paid off. This means he stands in front of TG, DDG, VD and any others. If you were him would you do it any other way?
    31 Jul 2014, 12:53 PM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    Maybe Bob could sell options on the potential IP right, would be interesting to see how they trade against AXPW sp!
    31 Jul 2014, 12:55 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    I would do just like him. I am mostly pissed off at te way reality was always embellished to us by a clueless former CEO. Should have taken the hint then And walked. :(
    31 Jul 2014, 01:03 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    Clueless? Really? Why do you have to say $#!t like that?

     

    You're clueless.
    31 Jul 2014, 03:38 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    The maturity date is Dec. 31, 2014 or date of financing over 10 million. Clearly just an extension to give Axion time to close financing. The IP won't just be handed to Averill for a paltry sum, even in worst case - it'd be auctioned at the very least. It's just a clause to make sure Averill gets his money back one way or another, not a way for him to get the PbC on the cheap.
    31 Jul 2014, 01:00 PM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    "The IP won't just be handed to Averill for a paltry sum, even in worst case - it'd be auctioned at the very least."
    Surely not, there would be no point to the agreement assigning the rights to him if Axion could sell it instead.

     

    It's a binary outcome, raise the cash and pay him off (or, heaven forbid, get that much pre-payment on as yet unannounced sales) , or give him the IP.

     

    Nothing to stop him giving a licence back to Axion afterwards of course, if there is an Axion.
    31 Jul 2014, 01:04 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    The agreement did specifically mention possibility of sale, but I don't think that's the goal. In any case, the collateral could have been worse - like all of Axion's assets, with the power to force Axion into default and bankruptcy.

     

    I wouldn't worry about this unless no financing is happening by December.
    31 Jul 2014, 01:12 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    Ranma,

     

    Axion without its PbC IP assets is basically worthless, if you strip away the factory in new castle and a few other things. I doubt you will find anyone holding AXPW because of anything else but the PbC ;)
    31 Jul 2014, 01:40 PM Reply Like
  • ARGE
    , contributor
    Comments (723) | Send Message
     
    They would still have the toll business that rakes in about $9M a year, and the FR power cube and the deal with the power company. I would reckon that those two could make a profit without the IP.
    1 Aug 2014, 07:15 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    You're being silly.
    1 Aug 2014, 10:28 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    Great ... we're about to get a little positive news from NS-999 and we get this uncertainty.

     

    Can somebody look and see if there's a "Kick Me" sign on my back?

     

    http://bit.ly/1s7mwV7

     

    No good deed goes unpunished.

     

    Don't suppose this will warrant some company communication either :-(
    31 Jul 2014, 01:39 PM Reply Like
  • Shirleyr
    , contributor
    Comments (100) | Send Message
     
    What's interesting is the timing of the two; enough to squirm but not jump ship. Remember the adage about when 'blood is running in the streets including your own'?
    31 Jul 2014, 03:36 PM Reply Like
  • Noahfreak
    , contributor
    Comments (41) | Send Message
     
    It's scary Shirleyr, but no guts, no glory ;).
    1 Aug 2014, 07:13 AM Reply Like
  • abcd9876
    , contributor
    Comments (69) | Send Message
     
    IMHO this is standard practice when a loan/debt due earlier then re-financing plans get extended at onerous terms given that other guy has all the control. Assuming we can refinance - which we have to - this is going to be paid off before the interest ramp up and IP will be freed up. That said, this agreement does not require 'quiet period', so still waiting for - Sales and/or - Refinancing news - need one of them in next few days or we are heading to single digits.
    31 Jul 2014, 02:00 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Are you sure this is not something that would require a quiet period? I don't know anything about this stuff. Would like a second opinion.
    1 Aug 2014, 01:51 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    Quiet periods come in two types. The first is regulatory and only applies to the period before the filing of a new registration statement with the SEC. The second is practical and comes along whenever a company is trying to nail down final terms on a financing transaction. The reason for the second is very simple. If investors believe a company is trying to drive its price so that the investors will pay a higher price per share, they tend to walk away from the deal.
    1 Aug 2014, 02:34 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    Do investors play the same game the other way though? Like, hire bashers or shorting the stock prior to close?
    1 Aug 2014, 02:46 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    It's darned near impossible to short a low-priced stock like Axion because it's very hard to borrow. We did see some shorting in advance of last years PIPE transaction, but it was only about 2% of the float, which is nothing in relative terms. While I've never heard of investors paying for publicly expressed negativity, worried competitors might.
    1 Aug 2014, 03:00 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    So from Axion management's point of view: Major design wins in the last year, not the least of which is NS 999, have failed to generate significant demand for the stock. Additional sales are likely to fall on deaf ears so why risk scaring off some very good and relatively benevolent investors by releasing the sales news first. Better to seek financing and keep your business under wraps until the longterm future of the company (enough capital to continue for some time at fair terms from a fundamental investor who can provide more financing in the future if needed, uplist, and announce sales all at the same time). Makes for some serious volatility, but nothing onerous and certainly better than going to the "bookies" for a short term loan in exchange for your firstborn. I get it.

     

    In other words, expect major dilution at the same time as major sales announcements. Net effect on company valuation should be quite positive, particularly if the sales announcement is an order of magnitude increase in revenue from PbC.
    1 Aug 2014, 03:08 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    PY: IIUC some of John's past posts, the financiers are not allowed to have access to any information not generally available?

     

    I could be wrong though.

     

    HardToLove
    1 Aug 2014, 03:20 PM Reply Like
  • D-inv
    , contributor
    Comments (4251) | Send Message
     
    PY, one and only one 'design win' has been publicly disclosed within the past 12 months -- a 300kWh PowerCube sale to BySolar in NJ.
    1 Aug 2014, 03:21 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    HTL> Yes, but John has also implied that appraisal of the company's value would likely result in a larger market cap than the OTC markets reflect.

     

    My point is this: The question in May was, seek financing from top players when you have their full attention or wait to announce sales? If you wait to announce sales, maybe the stock price rises, or maybe nothing at all happens like in the past when they announced stuff and you're left wringing your hands at the 11th hour.
    1 Aug 2014, 03:49 PM Reply Like
  • futurecartsla
    , contributor
    Comments (448) | Send Message
     
    "While I've never heard of investors paying for publicly expressed negativity"

     

    http://bit.ly/1bvNz0V - Investopedia "Short & Distort"

     

    “So it's not that difficult for some yobbo at a hedge fund to sell a stock short, tell someone on a trading desk that he's heard that the company's about to blow up, and then sit back and watch the news work its way through the market.”

     

    Once a stock starts moving, more rumors spring up to explain why. One day two weeks ago, the conglomerate Tyco saw its stock—which had been shaky for days—begin plummeting at the opening bell. “I called around to our salespeople trying to find out what was happening,” the analyst said. “Some of them were hearing that Tyco was going to declare bankruptcy. Now, this was an absurd rumor, but calling around about it helps keep the rumor going, because the guy sitting next to the salesperson hears something about bankruptcy, and the guy I'm talking to at a different firm gets the news. It's viral. There may be nothing really happening, but if you ask enough people someone will come up with a good story.”

     

    - The New Yorker:

     

    http://nyr.kr/1m9LM8e
    2 Aug 2014, 02:47 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488) | Send Message
     
    future - A penny stock, such as Axion, can't really be shorted effectively. Also, the lack of liquidity and small market cap means hedge funds can't really play with such small companies.

     

    Certainly hedge players can spread rumors for shorting shortable stocks, but that isn't the case with Axion. I find it hard to create a realistic scenario where driving down the stock price is profitable, except for the prior case of the PIPERs.
    2 Aug 2014, 05:50 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    East Penn Manufacturing names Dan Langdon as new CEO

     

    Read more from WFMZ.com at: http://bit.ly/1qNKF5Q

     

    "He has served as president since 1994"
    31 Jul 2014, 02:07 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    Norfolk Southern Corp. President Sells $3,361,549 in Stock (NYSE:NSC)

     

    http://bit.ly/1qNM8ZW

     

    "James A. Squires sold 32,030 shares of the stock on the open market in a transaction that occurred on Tuesday, July 29th.

     

    ...

     

    now directly owns 99,824 shares"

     

    My guess ... either he's getting divorced, or he's taking big stakes in AXPW and/or ePower :-)
    31 Jul 2014, 02:19 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    Mr. Squires apparently exercised an option to buy 32,000 shares at $50.74 and then sold the underlying stock at $104.95, so his net taxable gain from the option exercise was ~$1.6 million.
    31 Jul 2014, 02:35 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    JP> nice research ... now get on that phone :-)

     

    and he's not the only one ...

     

    Norfolk Southern Corp. VP Deborah H. Butler Unloads 32,960 Shares (NYSE:NSC)

     

    Posted by Ethan Ryder on Jul 30th, 2014

     

    http://bit.ly/1s7wE08

     

    wonder if it was a "use em or lose em" situation
    31 Jul 2014, 02:51 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    For high level executives, exercising options is like collecting bonus checks. It's not likely that they were facing a use em or lose em situation, but quite likely that they wanted some additional budgetary flexibility on the home front. Maybe the Ms had her heart set on a Roman holiday this summer.
    31 Jul 2014, 03:36 PM Reply Like
  • dance621
    , contributor
    Comments (203) | Send Message
     
    Been in an internet dead zone for three weeks (Palawan, Philippines) and come back top a 50% share price fall and some amazing chat about Axion defaulting on debt. To be totally honest I thought Axion couldn't go bust cos there was no debt. Silly me. I only hold 58k shares at the moment but will be mightily peeved if management have some smart arse idea to leave shareholders with a shell company and move IP to a new business.
    31 Jul 2014, 03:24 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    And then what, raise money with no assets, no customer prototypes, no employees?

     

    Panic du jour.
    31 Jul 2014, 03:37 PM Reply Like
  • dance621
    , contributor
    Comments (203) | Send Message
     
    Well management better be damn sure they can raise this money fast. First of all they need the cash pronto. Secondly, I don't know what the legal maximum interest rate is but when your interest rate increases 1% every 30 days it gets pretty messy pretty quick.

     

    Damn this company never fails to amaze me. Stop all the chat about NS999. That is a distraction to the very important capital business Axion has to close in the next month or two.

     

    I don't know what is making me feel worse. These new "why don't you just screw us" terms on a sub 1M note or the oysters I amazingly decided to eat in Manila twelve hours before getting on the plane home.
    31 Jul 2014, 04:46 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    Eh, the 1% increases don't begin until Sept 16. If Axion doesn't have the money by then, I'd say we'd have bigger problems than that.
    31 Jul 2014, 04:53 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488) | Send Message
     
    dance621 - I think the collaterization of the IP, together with our inability to hire a CFO, probably makes Axion non-financeable. Management signing such an onerous financing agreement for less than a million dollars indicates the seriousness of the problem.

     

    Anyone looking to seriously invest is going to want all the leftovers if the business fails. The biggest asset, with an actual possible upside, is now off the table.

     

    This Cassandra now unpopularly predicts that Axion will not be an operating company by February 2015. Wish I wrong.

     

    From "hospice" to "hospice, with complications".
    31 Jul 2014, 04:59 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Now what's that old Axiom that applies here?
    31 Jul 2014, 05:06 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    What a minute! How is the biggest asset off the table to new financers? The agreement clearly states that the IP is de-collateralized upon payment, and that management has the right to pay it at any time.
    31 Jul 2014, 05:07 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488) | Send Message
     
    Let's see, during the life of this note TG receives c. $500,000 of compensation (including car and benefits over 18 months) and DDG will receive c. $100,000.

     

    The original note was only $700k or so.

     

    Meme: "------- matters"

     

    Ramna, why would you think the company actually has money to pay it off? If it did, why is the forecast runway the "end of 3rd quarter"?
    31 Jul 2014, 05:24 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    You questioned whether the company could raise money by saying the IP is not off limits to new investors, which it is not. The question was not whether it has the money now. If there is no raise us shareholders would be just as screwed without this new agreement as it would be with. Almost, anyway.
    31 Jul 2014, 05:48 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488) | Send Message
     
    If there is no raise, presumably the company fails. The assets would have included the IP, which might bring some value to the shareholders.

     

    With the primary asset collaterized, there is no hope of any return to the shareholders if there is no funding event.
    1 Aug 2014, 01:11 PM Reply Like
  • Ranma
    , contributor
    Comments (1873) | Send Message
     
    The IP would be auctioned in either case, and in either case the money would first go to repaying that loan.

     

    I don't think Bob Averill is trying to start another company, thinking he'll succeed where Axion failed.
    1 Aug 2014, 01:19 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488) | Send Message
     
    A sad day, with this announcement...
    31 Jul 2014, 04:29 PM Reply Like
  • geopark
    , contributor
    Comments (318) | Send Message
     
    Respectfully disagree, added 25Ksh this morning, with spec funds.
    1 Aug 2014, 07:41 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    Yep RK, this saga just keeps getting better and better. How we are ever going to pull out of this hole is beyond me and I have passed the age to believe in miracles and Santa Claus...
    31 Jul 2014, 04:54 PM Reply Like
  • Billion003
    , contributor
    Comments (238) | Send Message
     
    Is there a possibility of an Axionista group purchase of IP? Its a thought.
    31 Jul 2014, 05:11 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    JP,

     

    How do you feel about your risk/reward profile right now if I may ask? are you still as convinced as ever they might pull off a last minute stint?
    31 Jul 2014, 05:35 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    I find this entire thread pathetic. Suggesting that the note amendment somehow changes Axion's ability to secure financing is like suggesting that somebody can't sell or lease a commercial building because he has a mortgage. Bob Averill will be first in line when the financing closes and the financiers will probably want to pay him directly from the closing escrow, but it's all a tempest in a teapot.

     

    For the third time in this Concentrator. This is the type of ordinary course of business corporate clean-up one frequently sees as prelude to a financing transaction because the other side always has lawyers who are paid to make sure all the "T"s have been crossed and all the "I"s have been dotted.
    31 Jul 2014, 05:51 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Amouna, see my comment above. Just below where Bob reveals he owns 3,000,000 shares. Nobody on this board stands to lose more from burning legacy shareholders than Bob. So just can it already.
    1 Aug 2014, 01:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    PY: to disagree is fine, to tell anyone to shut up seems boorish to me.

     

    MHO,
    HardToLove
    1 Aug 2014, 02:01 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Apologies Amouna, and HTL. I didn't see your comment was posted before Bob's. That being said, I'll keep it general in saying the following:

     

    I am both encouraged and disheartened by the comments made by Axionistas. I am mostly encouraged by the big-stake longtime holders. They seem to have relatively cool heads and are champions of the company, not the stock price. I am disheartened by panicky, speculative (in terms of their own investment and things that cannot be known), and in many cases former (but still active critics of the company) shareholders. I am sure management shares my concerns. On the one hand, as the investor presentation highlights, AXPW is not snake-oil. A large number of well-endowed and technically savvy individuals have made significant investments. On the other hand, there are the angry mobs. C'est la vie, I guess...
    1 Aug 2014, 02:20 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    "A large number of well-endowed and " ...

     

    Wow ... I know we dig for and work hard to get to the bottom of things here, but this seems to be taking things a little too far ...
    1 Aug 2014, 02:35 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Wtb: I resisted the urge. But I had to think about it way more than twice! :-))

     

    I must say though that it was a "well-turned phrase", so to speak.

     

    HardToLove
    1 Aug 2014, 02:41 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Perhaps well-heeled is more accurate.
    1 Aug 2014, 02:44 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    PY: Yeah, but I really preferred the first one. :-)) I guess I'm a dirty old man now.

     

    HardToLove
    1 Aug 2014, 02:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    The former is certainly a bigger ego boost.
    1 Aug 2014, 03:01 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    "On the one hand, as the investor presentation highlights, AXPW is not snake-oil."

     

    The investor presentation is largely unchanged for two years. What we have here is a failure to communicate ...

     

    And IMO, management should be taken to task on that front.

     

    Further, assuming Mr. Averill's handle was indeed Mr. Averill, those investments are sunk costs and ultimately options.

     

    Mr. Averill has always been there when Axion needed him. It will be interesting to see if he participates in the next financing. Unfortunately, he was not at the last annual meeting, so I didn't have the opportunity to meet him.

     

    "Axion's management needs our full support at this point in time and they have mine."
    1 Aug 2014, 03:10 PM Reply Like
  • D-inv
    , contributor
    Comments (4251) | Send Message
     
    "'On the one hand, as the investor presentation highlights, AXPW is not snake-oil.'

     

    The investor presentation is largely unchanged for two years. What we have here is a failure to communicate ."

     

    One might draw a distinction between Axion's technology and management's marketing projections.
    1 Aug 2014, 03:33 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    I don't think they have failed to communicate. They have failed to amplify. Too many times Axion is left out of more general discussion of the energy storage space. This is for a lack of "sexy". We don't have Bill Gates on our board, not that Bill Gates is at all sexy, but he is famous.

     

    One thing that I have thought about is it would be really cool to have the data stream from the onsite PowerCube available to view in real-time on the company website. That way, anytime an article discusses FR, they can hardly resist pointing the way to "the only publicly available example of FR in action", by Axion Power (link to company website). You get my drift...
    1 Aug 2014, 03:37 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    Rarely have the sheriff's words been so apropos.
    1 Aug 2014, 03:38 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    failed vs amplify? i can do that.
    1 Aug 2014, 03:39 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    after all, we might be just as guilty of "failure to appreciate".
    1 Aug 2014, 03:40 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    EM: too true. But one thing to keep in mind is the old adage of "The market climbs a wall of worry".

     

    I think much of what we see here is that in action.

     

    Frankly, I would be surprised if it was any different here as I find myself also concerned with "worries" incessantly.

     

    And I consider myself an optimistic individual ... as long as I consider all factors I'm capable of considering.

     

    That last part is the "worries" part I think.

     

    It takes a really strong dash of positive streaming news and events to overcome such.

     

    MHO,
    HardToLove
    1 Aug 2014, 03:57 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    As much as you like data, H.T. L., I think we must agree, as many do: We would really looooooooooooove more output from the Axion BOD.

     

    Too many variables, not enough data.

     

    Certainly if there was a supercabattery ETF, I would have invested in that instead of involving myself with all this DRAMA!!!
    1 Aug 2014, 04:09 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    oh, and +11000
    1 Aug 2014, 04:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Agreed EM. The "factors I'm capable of considering" is what keeps me from buying even though long-term I'm optimistic - too may "not capable of considering factors" due to what you mention.

     

    It's the "I know what I don't know but what I don't know is what I don't know" to mangle D. Rumsfeld's famous "unknowns" statement.

     

    HardToLove
    1 Aug 2014, 04:18 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488) | Send Message
     
    PY - I don't think Axion is the "the only publicly available example of FR in action".

     

    PJM refers to a 32 MW System: http://bit.ly/XtlI2v

     

    Ecoult says their 3MW system is operating: http://bit.ly/1oUlYk3

     

    Beacon Power has three operating facilities: http://bit.ly/XtlJU8

     

    I believe Icebear is operating some assets for FR: http://bit.ly/XtlJUa

     

    Wkipedia lists many storage projects here: http://bit.ly/1bcn6cb. Several appear to be frequency regulation projects.

     

    I am sure this quickie search is nowhere near exhaustive.
    2 Aug 2014, 01:37 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488) | Send Message
     
    PY - I may have misread your post. You are proposing the Axion will release operating data without an NDA. Politely, it won't happen.

     

    I thought you said the Axion had the only "public", ie, 3rd party, FR service, hence my citations.

     

    We appear to agree that sexy would be better, as in a well-endowed marketing program.
    2 Aug 2014, 02:07 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    RK> That (second post) is what I meant. Just go ahead and let anyone, including customers that have never spoken directly to Axion look at the product in action in real-time. I don't believe there is anything to hide with respect to the operating data of their own property. I agree with management that sending out a physical battery to anyone who asks for one without conditions before getting some muscle behind the corporation is probably a bad idea.
    3 Aug 2014, 03:19 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2804) | Send Message
     
    I suppose we now have even more proof that there are no (few, if any?) benevolent sharks out there interested in funding AXPW with or without the IP; is it possible to even characterize friendly sharks that safekeep the IP?

     

    If in taking the IP off the bidding table, what's one get? For bidders, who needs just another small Pb acid factory?

     

    For the IP holder, how long a life does it have without any production?

     

    Or, in the greater scheme of things, who REALLY needs the PbC, now or in the future? Not necessarily BMW, nor NS, nor ePower, nor grid apps. There are other options and alternatives to what PbC brings. Maybe not as good or perfect as we see them. But, maybe some that make those that hold those golden eggs wealthier than the current or once-future AXPW holders ever hoped to be.

     

    A neat squeeze play? Run to the caves and become neanderthal - that may be the only play.

     

    I hope not.
    31 Jul 2014, 06:03 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    From the perspective of a new financier the IP is absolutely on the table because Axion owns it, subject to a sub-$1 million security interest.

     

    When a deal closes the financier will insure Averill's note is paid and get the same benefit it would have gotten if the security interest had never been granted.

     

    Have you ever sold a house that was subject to a mortgage?

     

    It's the same thing.
    31 Jul 2014, 06:21 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1053) | Send Message
     
    There are plenty of things to be concerned about with Axion, but the IP being off the table is NOT one of them. JP's analogy to a mortgage is apt. Having a lien on your house does not prevent you from selling it.
    1 Aug 2014, 09:09 AM Reply Like
  • futurecartsla
    , contributor
    Comments (448) | Send Message
     
    You guys might (I don't know) find this article relevant: http://bloom.bg/1m9MPVN

     

    snippet:

     

    Debt held by these second-lien creditors is backed by assets including the patent portfolio, according to the people, which could allow creditors to either block the sale or to sue for some of the proceeds.

     

    “This may come to a head soon as potential buyers are hesitant to do anything outside of bankruptcy which could lead to a cash crunch,” said CRT’s Tiwana. “That would be the catalyst we’re all waiting for. If the patent sale is in doubt and other asset sales aren’t happening, then the company faces a cash crunch and it’s only a matter of time until we see Kodak file.”
    2 Aug 2014, 02:55 PM Reply Like
  • greentongue
    , contributor
    Comments (902) | Send Message
     
    Doom I cry!
    DOOMM!!!!
    ;)

     

    (and gloom)
    2 Aug 2014, 05:52 PM Reply Like
  • 481086
    , contributor
    Comments (3450) | Send Message
     
    Back in our dark ages (aka the Seventies) came this advent of the perfect, all-purpose medication (among many others). Anyway, the masses quickly dubbed it the "chill-pill", and as it happened, many people soon found themselves recommending it from time to time to lots of their friends. In fact, it was quite popular all over the country. But then times do change...

     

    As for me, well I try not to take drugs everyday, (being a big hitter and all) but sometimes you know you just gotta say, "What the heck"...

     

    amirite?
    31 Jul 2014, 06:06 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Benzodiazepine is a miracle drug. Did wonders for me when I broke my collarbone in a hockey game. Now that's real pain.
    1 Aug 2014, 01:57 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    I did mine in on my first bike wreck over 60 mph. It was nothing.
    1 Aug 2014, 04:19 PM Reply Like
  • Billion003
    , contributor
    Comments (238) | Send Message
     
    I was serious. I would like to own the Axion IP. But group ownership seems the best way to get a piece of it. I assume everyone here would be interested in owning a piece of it.
    31 Jul 2014, 06:16 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    There is no chance that Axion will let go of its IP after spending a decade protecting the IP against all comers. When the financing closes Mr. Averill's note will be paid and everybody will have what they need.
    31 Jul 2014, 06:23 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1053) | Send Message
     
    If you own Axion stock, you own a piece of the IP.
    1 Aug 2014, 09:11 AM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    I have the impression one of my comments got deleted!

     

    APH: Can you please advice?

     

    thanks
    31 Jul 2014, 06:32 PM Reply Like
  • Axion Power Host
    , contributor
    Comments (477) | Send Message
     
    Author’s reply » Amouna: not by us. We also checked to see if any of yours might have been a reply to deleted comments. None seen.
    31 Jul 2014, 06:40 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    thank you APH!
    31 Jul 2014, 06:43 PM Reply Like
  • raleigh731
    , contributor
    Comments (296) | Send Message
     
    I remember when the PIPEr's came to call, Mr. Averill stepped up and loaned AXPW this money and was lauded for his actions. His statement above shows that he still is a person who wants nothing more than for Axion to succeed. Thank you Mr. Averill.
    31 Jul 2014, 06:35 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    There are many talented people who made huge contributions to Axion over the years, but I can't think of anybody who's contributed more time and money or been a stronger supporter than Bob Averill. While he never accepted a day to day role in management, he was the most hands on director I've ever seen and the mentoring and guidance he provided the technical team over the years is beyond my ability to describe. Anybody who thinks Bob would ever do anything to harm Axion simply doesn't know the man.
    31 Jul 2014, 06:43 PM Reply Like
  • SMaturin
    , contributor
    Comments (2302) | Send Message
     
    I hope to meet the man one day and thank him in person. Perhaps at the next annual meeting, if it is scheduled when I can attend.

     

    Until then, thank you Mr. Averill for supporting the vision that we share.
    1 Aug 2014, 12:28 AM Reply Like
  • Ricknplano
    , contributor
    Comments (314) | Send Message
     
    The loan extension with IP used as collateral does not materially affect the companies ability to raise new money. As JP points out, the source of new financing will no doubt require Bob to be paid off and the IP released as collateral as a condition of the financing. This is normal stuff. This news is a non-event to me. Of much more importance is the lack of sales news. That is a bummer.

     

    I expect we will in time get some positive news on sales. Numerous third party credible sources including BMW and Epower and the power cube testing have confirmed the suitability of the PbC for specific applications which represent large potential markets. I question whether good sales news will precede bad news of the terms of the next financing but time will tell. I fear the stock may eventually confirm the pricing predicted by Mr. Konrad, I believe, who said 7-8 cents a share. I would not be surprised at that stock price, but again, I think the refinancing of the note is a non-event in relations to sales and new capital raise terms.
    31 Jul 2014, 06:37 PM Reply Like
  • greentongue
    , contributor
    Comments (902) | Send Message
     
    Could this be a "Poison Pill" within a Poison Pill?

     

    There was some past discussion that since the buy-out price is so small by today's standards, a hostile takeover was very possible.
    Could this latest news indicate that a hostile bit is back on the table and Axion is pulling out all the stops to ensure they remain masters of their own futures? Maybe the same one that forced them to take the PIPE deal?

     

    "We will buy you this time my precious and your little IP too!"
    31 Jul 2014, 07:11 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Greentongue, In a word No. All that happens is BA is assured to get his money back if there is additional financing to a certain level under any terms. He's first in line. It also assures that if he does not get his money back he gets the principle asset that is of any value Axion has which is the IP. Without the IP the carbon sheeting line and the negative electrode line are of little value. The LAB plant contents are worth inventory sales and scrap value to just about anyone that is not looking to do development.

     

    BTW, Don't worry too much if that wasn't BA because the content of his message are basically what was delivered in the SEC filing. I tend to thing that it is BA because the contents of the message are a reflection of his past actions. Remember you are talking about a very accomplished person that chose to give quite a bit of his time with little reward to Axion for many years.

     

    My only curiosity would be who asked him to make a statement here. I doubt he's so bored that he generally reads much of what we have to say. He surely knows more about what's going on at Axion than we do! I doubt anyone cares about my curiousity.
    31 Jul 2014, 07:29 PM Reply Like
  • D-inv
    , contributor
    Comments (4251) | Send Message
     
    gt, the principal question for me is why did announcement of change in CEO/Chairman precede announcement of revised loan terms introducing lien on Axion IP? Lien on IP doesn't trouble me in the least, but sequence of events may tell us something.
    1 Aug 2014, 11:45 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    GT> benzodiazepine. Highly recommend it.
    1 Aug 2014, 01:59 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    http://bit.ly/1qOj0BH

     

    Maxwell Technologies Reports Second Quarter Financial Results
    CONFERENCE CALL & WEBCAST AT 5 P.M. (EDT) TODAY - DETAILS BELOW

     

    SAN DIEGO, July 31, 2014 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) today reported revenue of $46.1 million for its second quarter ended June 30, 2014, up slightly from the $46.0 million recorded in the first quarter ended March 31, 2014, but down 17 percent from the $55.6 million recorded in the second quarter of 2013.

     

    http://bit.ly/1qOj0BI;highlight=
    31 Jul 2014, 07:27 PM Reply Like
  • rhyse12
    , contributor
    Comments (189) | Send Message
     
    The best thing AXPW could do is switch to Non-GAAP accounting. Only there can a $0.50 share loss be called an $0.11 profit. AXPW wouldn't even have to announce sales number, just comment " demand won't be a problem."

     

    I will stick with a little battery company that has a major railroad giving " a do's and don'ts " class on operating electric engines....

     

    Maybe we can sell them to China too.
    31 Jul 2014, 07:53 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1092) | Send Message
     
    Bob Averill> — “Axion's management needs our full support at this point in time and they have mine.”
    ---
    Hi Bob, thanks so much for checking in. As you can see, there’s a lot of fear and paranoia within the shareholder ranks. Many of us long-term shareholders are very concerned at this time, especially about the uncertainty surrounding the upcoming financing. In short, I feel we need a bit of support from Axion management as much as they need ours.

     

    A fair amount has been written here about the lack of communication from our new CEO. I think a very effective gesture that could alleviate much of shareholders’ angst would be to hear from DDG directly. I wonder if you would be willing to suggest to him he pen a thoughtful letter to shareholders, introducing himself, setting out a realistic vision, and address (at least in part) some of the major concerns we have.

     

    I think such a letter could go a long way toward settling down some frayed nerves, and help us focus on the positives at a time when many are focused on the potential negatives. I think your posting here as already had that same effect. Thanks again for checking in. Much appreciated.
    1 Aug 2014, 12:41 AM Reply Like
  • Articula
    , contributor
    Comments (254) | Send Message
     
    Wayne is reply from Bob in an email you wrote to him?
    1 Aug 2014, 11:55 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (1092) | Send Message
     
    Articula, I quoted Bob from an earlier post on this thread (http://bit.ly/1lk88DO). It's the only post he's ever made, and it got a LOT of likes. Lots of appreciation for his courtesy of checking in. I hope DDG will notice how thoughtful efforts at communicating with us, even in the smallest way, are highly valued and appreciated.
    1 Aug 2014, 03:25 PM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    Well said Wayne, will be interesting to see if anything happens as a result.

     

    I think what some people who themselves are annoyed by the level of annoyance and frustration expressed by some of us over this loan re-statement don't get is that our annoyance (well mine at least) is because having waited with bated breath for some good news (sales) to mitigate the effects of the forthcoming dilution, all we get is this financing-related news.

     

    And not to mention that, although I absolutely support Bob in having the IP as collateral, I/many others have no collateral for my/our, now quite old and already relatively worthless in the main part, shares.

     

    I would like to see DDG's hoped-for statement start with "On my first day I fired the IR department/advisers/etc ...".
    1 Aug 2014, 02:36 AM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    PS: As for my hoped-for DDG opening statement, it is already, unfortunately, self-evident that he didn't fire them, unless of course the new IR appointees have just discovered the "Unread, let alone Unreplied-to, Correspondence" file, and are still reading it, could be a while until we hear.
    1 Aug 2014, 03:04 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    07/31/2014: EOD stuff partially copied from the blog (up now).
    # Trds: 30, MinTrSz: 500, MaxTrSz: 45000, Vol: 287546, AvTrSz: 9585
    Min. Pr: 0.1010, Max Pr: 0.1069, VW Avg. Tr. Pr: 0.1040
    # Buys, Shares: 10 55500, VW Avg Buy Pr: 0.1052
    # Sells, Shares: 20 232046, VW Avg Sell Pr: 0.1037
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:4.18 (19.30% "buys"), DlyShts 2000 (00.70%), Dly Sht % of 'sells' 0.86%

     

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

     

    HardToLove
    1 Aug 2014, 06:54 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Fishing 100 shares @ $0.1099 no other trades near, last prior $0.10.

     

    HardToLove
    1 Aug 2014, 10:00 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    Offer now thru 10 cents, at .0999, with IIRC, about 40k offered at .10, too.

     

    As I've noted recently, the alt-energy sector, at least the 1/2 dozen names I follow, has been weak recently. MXWL's back down all the way to $10 now, for example. Not helping AXPW one bit.

     

    Update: make that an additional 154k offered at 10 cents. Just appeared, thru CDEL.
    1 Aug 2014, 10:16 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    Mr. I - Axion has also not been helping itself one bit in the public's eyes.
    1 Aug 2014, 10:32 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    Stefan, for sure. But I think the influence of the sector gets lost here sometimes, as people obsess about the specific AXPW story and forget about the macro story. IMO, the early March run-up was mostly due to the sector, not anything AXPW-specific, for example.

     

    In my experience, financings also tend to follow the sector influences. A lot of PMs, as well as many of the best individual investors, take an asset allocation approach. That much of the March heat has cooled will likely, in my view, make Axion's fund-raising efforts more difficult.

     

    Perhaps the deal has already been firmed up, subject to the obvious things like a reverse and uplisting, at only a 10% discount. That would be wonderful, but even if that happens, we're down at 10 cents already. The reasonable potential of an 8 cent deal, for example, is clear, IF the no substantial customer news continues. I pointed out awhile ago that the reverse split terms sought and approved called for a max of 1:50, which, if Axion seeks a NASDAQ listing, means $3 min which in turn means at least 6 cents per share pre-split. Hope we don't come anywhere near that 6 cents.
    1 Aug 2014, 10:42 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Mr I> 100% agreement. Always appreciate your posts.
    1 Aug 2014, 02:03 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    Thx, PY. I often have a different take than most here, probably because our backgrounds are different. So I expect few of my posts to be popular.

     

    For example, my "broader context" posts about the importance of sector developments, and my one or two posts mentioning that, in the medium and long-run, stk demand is much more important than stk supply. The last crummy deal would not have occurred had there been good demand for the stk. The fact that the PIPErs flipped was very important of course, but much less important than had the problem been avoided in the first place.

     

    And prob my least-liked posts are when I gently imply that penny stks should be, in my view, the province of the most knowledgeable investors only, as the risks are very high. Anyone can buy Advil. You want the good stuff, though, and you gotta have an expert's ok. Not sure why some industries have certain rules in place to keep people from harming themselves and their loved ones, and others basically don't. Oh well, interesting but not in my control, and I'm not a big fan of preaching, so I rarely do. My apologies for this transgression.
    1 Aug 2014, 02:50 PM Reply Like
  • 481086
    , contributor
    Comments (3450) | Send Message
     
    Mr. I,

     

    Again how your words (and the soundness of the sense they reflect) ring true. Painfully. As they generally have been likely to do...
    1 Aug 2014, 03:54 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    Well 48, better to be well prepared than not, I'd say. The lesson so far for some AXPW investors is, even when well prepared, with the assistance of a dedicated group over years, you can still be wrong. Just the nature of highly uncertain investments.

     

    The silver lining is that the story is not over yet. The PbC battery might still achieve big commercial acceptance, and AXPW might still take off and fly. I still hope so.
    1 Aug 2014, 04:13 PM Reply Like
  • 481086
    , contributor
    Comments (3450) | Send Message
     
    In concord with all your points. It's been a long, rough road for all of us now, but of course longer and rougher for some than others. Many would just call it (and have) a very bad movie.

     

    As the resident (and guilty) Pollyanna though, I still nevertheless refuse to quite believe that such will be the final word. For it very much remains true that still, and perhaps incredibly, the story is not over. It may in fact, be just beginning. But then again we have just come through several years of it being so maddeningly ever thus...

     

    Things certainly look and feel dark right now, and from all the things we can touch right now, which are too few, it all seems strongly to point to nothing but more pain. But until it finally comes, none of us yet know the end.

     

    And so it is that for one more day--at least this day, hope is again our supper.
    1 Aug 2014, 04:52 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    48, investors in stks that trade always have the choice to order a different meal. Not saying you're doing this, but the "dig my heals in, regardless of what I see" is a darn right awful investing mistake, almost always made by non-professionals. I say non-pros because, doesn't take long for a pro to get fired with that approach. Career over.

     

    In my early investing years I was stubbornly blind sometimes, and way more often than not I paid dearly for it. Hardly ever anymore, even though I am unsupervised, because I watch out for it in my own behavior.
    1 Aug 2014, 05:13 PM Reply Like
  • geopark
    , contributor
    Comments (318) | Send Message
     
    48 . . Don't exactly agree that "Things certainly look and feel dark right now" . . but I like the imagery:

     

    There is a beautiful saying amongst the Irish peasantry to inspire hope under adverse circumstances:- "Remember," they say, "that the darkest hour of all. is the hour before day."

     

    Source:
    http://bit.ly/1lkJ5AE
    1 Aug 2014, 07:53 PM Reply Like
  • Shirleyr
    , contributor
    Comments (100) | Send Message
     
    And "The nightingale always sings sweetest at the darkest hour".
    1 Aug 2014, 09:48 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Latest front end offset crash tests for Chevy Volt and Nissan Leaf show no thermal events in the battery packs. Video in this article shows results of numerous vehicles being tested.

     

    http://bit.ly/1nZbEct
    1 Aug 2014, 11:00 AM Reply Like
  • DaveT
    , contributor
    Comments (205) | Send Message
     
    crash tests on Axion stock not so successful.
    1 Aug 2014, 11:06 AM Reply Like
  • Deamiter
    , contributor
    Comments (163) | Send Message
     
    DaveT, I see what you did there...
    1 Aug 2014, 04:34 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Fishing again: 2 100 share trades @ $0.0999.

     

    Now 3 total.

     

    HardToLove
    1 Aug 2014, 11:46 AM Reply Like
  • Articula
    , contributor
    Comments (254) | Send Message
     
    Interesting Economist article on attempting to rank true costs to reduce carbon output for renewables when factoring in solar & wind intermittentcy.

     

    http://econ.st/1s0JOwR

     

    Basically - solar and wind are REALLY expensive.
    1 Aug 2014, 12:20 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1053) | Send Message
     
    Kind of an apples to oranges situation in comparing solar and wind to baseload generation. It is widely recognized that solar and wind are not good for baseload.
    1 Aug 2014, 12:28 PM Reply Like
  • Articula
    , contributor
    Comments (254) | Send Message
     
    While I'd agree with that I don't think our politicians approach it like that. "Put in wind farms and solar panels - it gets me green votes and makes it look like I'm trying!!"
    1 Aug 2014, 12:35 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    The comparison was solar and wind to the basic needs of an industrialized society that must have power 24/7/365 - something solar and wind can never offer.
    1 Aug 2014, 12:36 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    Excellent article, although the following concept is not new to us here:

     

    "To determine the overall cost or benefit, though, the cost of the fossil-fuel plants that have to be kept hanging around for the times when solar and wind plants stand idle must also be factored in."

     

    I have yet to talk to anyone, outside of our group, that understands this basic, but crucially important, point. I get blank stares, generally, while their mental gears grind. I feel like Captain Kirk when he gets the alien computer to realize its algo is wrong and it gets all smokey then shuts down.
    1 Aug 2014, 01:20 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    Once the globe is on a planetary grid and we move to next-gen transmission lines, solar and wind will be sufficient.
    1 Aug 2014, 03:02 PM Reply Like
  • John Petersen
    , contributor
    Comments (30274) | Send Message
     
    Back in 2011 I modeled a global wind super grid that merged data from (1) the Bonneville Power Administration, (2) the Australian Energy Market Operator, (3) the Ontario System Operator, (4) the Alberta System Operator, and (4) the Irish Grid.

     

    Power output was still catastrophically unstable.

     

    http://seekingalpha.co...
    1 Aug 2014, 03:09 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    And once the *storage* equation is "solved", we will have more energy/power than we know what to do with (that's just a bit of an exaggeration). It'll be like those "minutes" you used to be able to build up to be used against your phone bill.
    1 Aug 2014, 03:12 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Yeah, Just like when they introduced commercial nuclear. Energy was gonna be free.

     

    Fast forward and it isn't, water is going up, up and they are trying to figure out how many ways they can charge you to use the air.
    1 Aug 2014, 03:22 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    The utilities will be responsible for transmission only.

     

    With the storage equation solved, having land or even just a roof would allow one to confidently disconnect from the grid, or much more cheaply subscribe to planetary grid service. The supply equation is easy: better solar and wind and storage. Solar becomes like unlimited rainfall and hydroelectric plants on every valley. Literally gigawatts on tap.

     

    Solar plus storage is going to explode. Terawatts stored, folks, you can turn off the burners and shut 'em down.

     

    The land rush would be on. Lands along power lines and near substations are prime properties.
    1 Aug 2014, 03:28 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Yep, the plan is about to take shape.

     

    http://bit.ly/1lk9YVg
    1 Aug 2014, 03:34 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    First they laugh at you, then they ignore you, then they hate you, then you share a giant spliff.
    1 Aug 2014, 03:41 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    How about geonuclear - you sink rods of heavy metals - think barium mud - in to the earth to collect radioactivity in situ.
    1 Aug 2014, 04:14 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    You guys can be so freaking hilarious it makes my Friday evening before I even get out.
    1 Aug 2014, 04:16 PM Reply Like
  • Billion003
    , contributor
    Comments (238) | Send Message
     
    Planetary grid? No thanks.
    1 Aug 2014, 04:33 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    A Billion003: It's just another part of the NWO (New World Order).

     

    No rational Orwellian can be against that.

     

    HardToLove
    1 Aug 2014, 04:38 PM Reply Like
  • SMaturin
    , contributor
    Comments (2302) | Send Message
     
    is that a SpaceX rocket he's about to fire up?
    2 Aug 2014, 04:54 AM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    Recently I posted this which indicated that the Furukawa Ultrabattery was being used for the Honda Odyssey in Japan.

     

    http://bit.ly/1AAGufO
    -
    Today I found this article comparing the Australian Odyssey to the Citroen's Grand C4 Picasso. Need to dig deeper but usually the Aussie Japanese cars are the same as the Japanese marketed units. It should also be noted certain settings could be disabling this that are unrelated to the batteries ability to perform.

     

    Honda Odyssey v Citroen Grand C4 Picasso 2014 Comparison

     

    "The Odyssey – with its reluctant to activate idle stop-start system [Ed: it did not activate once during the on-road component of our test] – is more ordinary in this regard with respective figures of 7.6L/100km and 178g/km."

     

    http://bit.ly/1nZpvQ7
    1 Aug 2014, 12:41 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Just an FYI, NITE (Knight Capital) has entered a bid of 600K @ $0.085. I suspect this will be a standing order waiting for price to come to it.

     

    HardToLove
    1 Aug 2014, 01:26 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    HTL, yeah, just saw that. I like it. Decent price for a nice chunk.
    1 Aug 2014, 01:27 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Well if there is anyone who wants to bail, you can almost surely get $0.085 for your whole position up to 600K shares right now. Any takers?

     

    The current situation reminds me of December of last year. No news. Incredibly oversold. Really a perfect buying opportunity.
    1 Aug 2014, 02:40 PM Reply Like
  • DRich
    , contributor
    Comments (4727) | Send Message
     
    Wow, I've been away for less than a day and y'all lose your minds over a loan guarantee and manage to tank the share price another (roughly) 10%.

     

    Geez
    1 Aug 2014, 02:46 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    DRich, Just another reward running up to the NS 999 in motion video.

     

    Until then. "Bring out your dead" portfolio performers.

     

    http://bit.ly/16JpKnw
    1 Aug 2014, 02:54 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    NITE just had a bid for 200k at .098 or so. Don't know if that was a chunk off the old .085 block or not.

     

    Wish I had Total View or similar.

     

    Update: I see the 200k NITE bid again---it's at .0984.
    1 Aug 2014, 03:20 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    NITE serves my Vanguard account, at least that's what HTL tells me.
    1 Aug 2014, 03:44 PM Reply Like
  • Amouna
    , contributor
    Comments (1695) | Send Message
     
    Patrick,

     

    "Incredibly oversold"
    I have been saying that since the stock was in the mid 50s :)
    1 Aug 2014, 08:24 PM Reply Like
  • DRich
    , contributor
    Comments (4727) | Send Message
     
    >Amouna ... I once thought that also, but now I don't think the stock is actually oversold. I held that opinion when the company was a R&D enterprise. Today I think share price is a reflection of business activity.

     

    We are still waiting of a public declaration and/or demonstration that the device actually works. We are close but no cigar. ePower, Norfolk, BySolar, the Viridity FR test of the PowerCube are not out there in the wild & wooly world as verified working devices. The Naval Yard installation is the closest thing to it but even there all we know is the overall system works. Nothing specific about the capacitor.
    1 Aug 2014, 08:36 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    I was referring mainly to the RSI which is below 20.
    2 Aug 2014, 12:14 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    Another way to look at oversold is, does the chart look like it fell off a cliff lately? Check.

     

    And to quote HTL's latest instablog: "I didn't expect it this rapidly and with this kind of volume though. I rather envisioned an extended low-volume sag initially, as we dipped our toes into the frigid realms below $0.10, and then a volume spike as we jumped completely into those frigid waters. I guess folks decided to just "take the plunge".

     

    Well now that we took the plunge, SPLASH!, burble burble, it's time to come up for air.

     

    What I'm still waiting for is the ultimate surprise:

     

    Gasp. Phew....Hmmm. It seems I'm standing on something solid here. What is it? Oh. It's a Trident missile on top of a submarine and it just initiated it's ignition. Good thing I brought my cowboy hat.
    http://bit.ly/1m9xSDc
    2 Aug 2014, 12:50 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2658) | Send Message
     
    "Today I think share price is a reflection of business activity." 100% accurate.
    2 Aug 2014, 01:15 PM Reply Like
  • iindelco
    , contributor
    Comments (9748) | Send Message
     
    EV Battery and Supercapacitor

     

    "Replacing stop start and conventional lead acid batteries in conventional vehicles

     

    Maxwell Technologies and separately Nippon Chemi-Con have recently offered one pack to replace both the stop-start and the regular lead acid battery in a car. The pack contains supercapacitors and a small battery and lower cost as well as better performance are claimed. These combos are taken seriously in the industry whereas the lithium-ion battery for stop start on its own is a loser."

     

    http://bit.ly/1ljVvZw
    1 Aug 2014, 02:04 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    Positive Train Control [PTC] has (and will, as it's not fully implemented yet) cost a lot of money for the major railroads, but not to worry ... BNSF has figured out a way to defer some of the cost ...

     

    Railroad workers and their families protest proposal to move to one-person crews on BNSF freight trains

     

    BY JOHN GILLIE Staff writer July 31, 2014

     

    http://bit.ly/1nZXrfz

     

    "That group, Railroad Workers United, held rallies this week in Tacoma and SeaTac to protest against the tentative labor deal that would allow those one-person crews to operate on about 60 percent of BNSF’s routes. Those routes are protected by an electronic safety system called Positive Train Control that is designed to prevent accidents and collisions."

     

    Cost is an issue for Commuter rails as well, e.g., Metra in the Chicago area is begging for delays in the required implementation date. Even though the operate on tracks owned by the majors, it's the cost of updating the locomotives they own that is a serious issue for them.

     

    This is the story of my adult life ... computers replacing people. I suspect there are interesting arguments on both sides of the one-person crew argument. And of course it never matters till it matters ... but if GM, et. al. can risk the company reputation on a $1 part, I guess it's no surprise ... break out the spreadsheet boys!

     

    I wonder if good ole Warren Buffett has ever had pickets at the Berkshire annual love fest ... if so, I never see them on CNBC or Blomberg.

     

    And within 10-20 years ... how many truck drivers will have been replaced by computers? Torn on this one, as there are just enough unsafe or dead tired drivers on the road as to overwhelm the "non-news" from all the folks doing it right and working hard to make a living. But the lawsuits should be interesting as the drivers who cut off truckers and then trt to sue the trucker just might face a data stream that shows them for what there are.
    1 Aug 2014, 04:13 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18188) | Send Message
     
    Wtb: somewhat related ... from just a couple days ago in the newspaper here.

     

    I male driver of an SUV experienced road rage and paid a price we he ran into the back of a woman stopped. He got out to go to her window and berate her (I guess he blamed her). She pulled away in fear. The SUV promptly rolled over the miscreants foot as he had forgotten to set the parking brake or put the transmission in park before he got out.

     

    He was inebriated too.

     

    HardToLove
    1 Aug 2014, 04:23 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1568) | Send Message
     
    Engineers on trains, men in rockets, even drivers in cars will all be unnecessary and unwelcome in the next progression world as the concept of control gains strength in numbers.
    1 Aug 2014, 04:33 PM Reply Like
  • 212138
    , contributor
    Comments (191) | Send Message
     
    e-Power is going a 1/2 generation ahead of current hybrid tech IMO with its series hybrid system. If only somewhat successful in that configuration ISTM that the next permutation would eliminate the current heavy remaining elements of the drive train (the differential(s)) in favor of electric wheel motors thereby providing a weight trade-off for batteries. And with motors in the wheels (Actually that could be as revolutionary as Ferguson was to farming, the entire architecture of the tractor could be redesigned to re-distribute loads and probably lighten the frame and allow for additional battery placement options.) the the whole set-up could have computer overides for limited traction conditions and/or a whole host of other issues such as anti-collision and traffic control provisions. And, if next generation hybrids are adopted for ground transport in general including cars, ISTM that the jump to computer controlled traffic flows during rush hour in the big cities would be a way to stop the start-stop hell on the beltways.
    2 Aug 2014, 10:03 AM Reply Like
  • JohnM121
    , contributor
    Comments (429) | Send Message
     
    Don't worry Ed, Skynet will take care of us.
    http://bit.ly/XsN6h0
    2 Aug 2014, 10:28 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2434) | Send Message
     
    Low probability, but you MIGHT here something about NS-999 first doing real work here (when it does):

     

    http://bit.ly/1lkkPyw

     

    but if you don't mind an occasional background noise burst on your computer ... while you're doing other stuff ...

     

    I've started listening some, but certainly won't be covering 24/7, and who knows, maybe they're start under cover of darkness ..

     

    but we're worldwide, so ...

     

    http://bit.ly/1lkkNa0
    1 Aug 2014, 04:45 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    http://bit.ly/1o02HzQ
    1 Aug 2014, 05:03 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2890) | Send Message
     
    That's cool intel stuff.

     

    I remember posting here a long time ago about maybe installing a webcam on one of the homeowner's lots that's contiguous w/ the Juanita shop yard we see pics of. With the owner's permission, of course, lol.

     

    I suppose AltoonaWorks is a decent substitute for that info. Not sure the info delay has much of an opportunity cost.
    1 Aug 2014, 05:27 PM Reply Like
  • dlmca
    , contributor
    Comments (368) | Send Message
     
    It is darkest before the dawn...

     

    Can DDG go through another month saying nothing - having nothing?

     

    We may not love it - but it will be something
    1 Aug 2014, 06:48 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1641) | Send Message
     
    dlmca> I say no. Only because the quarterly report is due before then.
    1 Aug 2014, 06:57 PM Reply Like
  • geopark
    , contributor
    Comments (318) | Send Message
     
    Agree dimca, I believe that Mr. DiGiacinto (&Board) do have news, likely "quiet period" news, and we will hear about it in the next CC.

     

    I have no problem with the quiet from his tenure to date, I am happier thinking he is "Taking Care of Business" (BTO, also Canadian methinks) rather than worrying about the Concentrator complaints/handwringing.

     

    Repeat, noted earlier, added 25Ksh this am.
    1 Aug 2014, 08:47 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2488)