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  • maplecorner
    , contributor
    Comments (29) | Send Message
     
    Uno, thank you!
    2 Aug 2014, 07:34 PM Reply Like
  • steeleydock
    , contributor
    Comments (33) | Send Message
     
    An honor.
    S
    2 Aug 2014, 07:57 PM Reply Like
  • WDD
    , contributor
    Comments (60) | Send Message
     
    Kilroy was here.
    2 Aug 2014, 07:58 PM Reply Like
  • kevin lemm
    , contributor
    Comments (164) | Send Message
     
    The Department of Energy Storage data base has recently updated its information to include both Axion energy storage projects. The inclusion of the DC Naval Yard has been long over due.

     

    http://bit.ly/1o2hxpA;size_kwh_ul=

     

    The web site is a useful tool to locate and filter out different forms of energy storage. It comes with a brief description for each installation and as well as its current operating status.
    2 Aug 2014, 10:58 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Here is the link:

     

    http://bit.ly/1lteL76

     

    While they do mention Axion, they still refer to the following:

     

    "that tie into a cutting edge hybrid-gel battery system which can power the building in the event of a power failure."

     

    Cost & Performance
    Performance metrics not available.
    4 Aug 2014, 02:36 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1110) | Send Message
     
    I thought a lot about selling out my Axion holdings over the past two months after tenaciously holding on over a mighty bumpy road over the past several years. (In anticipation of the NS rollout and imminent significant sales, I even added 25% to my holdings as recently as early May, 2014). — As a bit of courtesy, I thought I would make the disclosure that I finally (very reluctantly) did sell out this past week (125K). Given my own circumstances, the risk/reward ratio was no longer compelling for me, and I no longer felt it worked in my favor.

     

    My decision was influenced by some of our resident bears/critics, Stefan, Mayascribe, Rick, NGS, Amouna, LT, etc. The pragmatic posts of more neutral to bullish parties such as Mr I, APMarshall, RA and others also played a role. I also appreciated Ranma’a and Patrick’s posts for their consistently upbeat perspectives. These combined posts helped me balance many differing viewpoints, and I’m grateful to have had them all. I was also influenced by one our most vocal bulls, JP. Here’s a couple of snippets he posted recently, with his notable words in triple quotes:

     

    — The reverse split and market upgrade proposal tell me that management is serious about dealing with a better class of investor. “”“There's simply no way to tell whether their efforts will be successful.”“”

     

    — Axion has buyers, but many have suffered from battered stockholders syndrome and painful experience is “”“enough to make anyone cautious when another financing appears on the horizon with no clear business development timeline.”“”
    ---
    There were many factors involved in my decision, with none being more important than my own unique risk tolerance at this particular time. A primary consideration that eventually brought clarity to my decision came from none other than TG himself. His words from just after the PIPE deal in May, 2013 went something like, “It’s a tough market out there; we feel fortunate to have secured this financing.”

     

    If TG felt grateful for getting the PIPE deal, it should be clear just how close Axion came to closing up shop back then. In other words, they barely survived. I now agree with Mayascribe, who wrote in a recent post, “Axion is in a perilous situation”. (http://is.gd/sJyFPm) — I have no idea whether I’m correct in my assessment, but I don’t think the odds of Axion securing a favorable financing are particularly good. I also don’t like the odds that they can secure any financing at all.

     

    It became clear to me that there’s way too much I don’t know about too many important things. This insufficient information eventually made it too difficult for me to justify staying invested in this high risk/high reward adventure (at this time). My main concern: Will there be ANY kind of financing available when there are no recurring sales, no permanent CFO, and a recent CEO change? How will the venture capital markets look at all this? I’ve determined I’m just not a sophisticated enough investor to discern how to evaluate what the true risks are at this critical juncture. Hearing nothing from DDG left me with nothing tangible enough to hang my hat on.
    ---
    Of course, this uncertain scenario could change in the blink of an eye with a nod from a major partner, and/or some significant sales that had a lot of potential to be recurring, and more. I no longer believe however that a single sale, such as the BySolar one which increased the pps by 30%, would be significant enough to avoid a less than optimal financing.

     

    I had a hope at one point that DDG could successfully negotiate some kind of strategic partnership, but we don’t even know if he’s trying. I do think there’s good potential in a couple weeks if DDG comes across well at the August 15 quarterly meeting. I had initially decided to wait until then before making a selling decision, but given how quickly things deteriorated these past two weeks, which made me think the NASDAQ uplisting is now in jeopardy, that just became too late for me.

     

    Though I sold out completely, I may reinvest some available monies after the financing takes place, unless the terms are so onerous that it will (like the PIPE) weigh on the pps for a long time to come. I’m currently inclined to re-purchase at least 25K shares or so, and hope for a miracle that will take the pps to a dollar in the coming years, at which point I could come close to break even (and perhaps salvage a little dignity as well).
    ---
    Though my experience as an Axion shareholder has been fairly disastrous, I’ll sign off here with an assurance. I will not turn into some kind of rabid posting Johnny Rambo II, occasionally spewing forth bitter, sarcastic invective. I absolutely hope I’m wrong in my fairly dour appraisal of Axion’s prospects, and I will be wishing the very best for Axion, its top management, and its remaining legacy shareholders. — But my own circumstances compel me to become less focused on Axion, and more fully focused on my challenging Lyme situation. Doing this will likely have the additional benefit of allowing me to sleep a bit better at night as well (already has).

     

    I hope this note doesn’t come across as too moribund. There may even be a bright side to this. Now that I’ve sold all of my shares, the pps will more than likely rebound. There’s still lots of good reasons to believe that could happen at any time, with DDG’s resume and formidable skills perhaps being the most important factor. And in spite of the risk/reward profile currently not working for me, I do believe the odds favor Axion’s eventual success.

     

    Not sure how much I’ll be hanging out here going forward, so perhaps this is a farewell of sorts (for the time being). Perhaps I’ll see you again down the road if DDG performs up to his salary, the pps has adjusted to the new share count, significant orders are right around the corner, and the risk/reward ratio again becomes compelling (lots of if’s). — For now, I wish everybody the best, and leave with a variation on that infamous Vulcan blessing, “May all Axionistas (past, present, and future) live long and prosper. :-)
    3 Aug 2014, 12:03 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1288) | Send Message
     
    it makes a lot of sense to wait until financing to get back in. i hope the terms bring you and many more back into the fold!
    3 Aug 2014, 01:17 AM Reply Like
  • RuggedDC
    , contributor
    Comments (518) | Send Message
     
    WiO, I greatly appreciate your candid discussion, as well as hearing the difficult process of reaching your conclusion (as of now). Sharing this analysis with us is a gift.

     

    It is sad to 'lose' you as a current partner in Axion, but I am thrilled to hear that you are "sleeping better" and thereby doing better in surmounting your pernicious Lyme condition.

     

    Your points are all factually based, and ones, regrettably, I agree with.

     

    I haven't decided whether my having a position size I essentially =can't= get out of is an impediment to wisely fleeing the company, as you've concluded (for now, for you), or a boon to keep me from wavering and possibly missing the touted eventual prize.

     

    I desire to tread lightly with the subject of TG's health (about which I have heard NO facts), but one worry I have is whether he suffered a nervous breakdown as a result of promising more than he should have for too long. One would hope that if such were the case it would have been considered HIGHLY MATERIAL and would have been disclosed…

     

    I am feeling that TG consistently and materially deceived Axion investors (if not the Board, too), though probably not by calculated deception so much as undue wishful thinking.

     

    At this point it would not surprise me to learn that the BySolar salesxxxxx initial order and contingent purchase contracts might have been executed at unfavorable 'give away' profit margins, having been magically pulled out of the hat at the last minute each time TG had to face investors on a call.

     

    It is my fervent hope that DDG is able to shape Axion into the contender it has long been represented as being. I continue to believe in the technology, though whisperings that perhaps our patent coverage is not as robust as it should be cause some doubts and underscore worries about the basis for company reluctance to let more folks experiment with the battery and to visibly publish spec sheets.

     

    At present low prices I have been strongly tugged by the notion to stock up on more, as I perceive POTENTIAL good value, but 1) no dry powder for such purpose and 2) I've now lived through the experience of Axion making (or being forced to make) REALLY TERRIBLE corporate decisions (such as the PIPE financing, with its fully PREDICTABLE horrid consequences, hiding product and product information from industry at large, and excessive reliance on being strung along by the few industry elephants we've gotten to look at PbC).

     

    As well, there is NEVER any word of actual bulking up of marketing/sales activities and staff having taken place, despite repeated remarks over a lengthy period of time about an intention to do so.

     

    Several years ago, when I questioned one of Axion's heavy-hitting Axionista investors about whether I had any cause to doubt JP's good intentions relative to his professed outlooks for the PbC technology and Axion, I was only warned that JP has the world's rosiest of rose-colored glasses… Perhaps heeding such an admonition could have saved me from being down, presently, in excess of a quarter million dollars from my stake in Axion.

     

    I'll end my ruminations lest I start REALLY becoming morose.
    3 Aug 2014, 01:58 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    WiO: I applaud your decision-making process and sharing it with us.

     

    Your health and sleeping well is, of course, number 1 priority.

     

    Th evaluation of risk/reward is unique to each persons circumstances but I'm also sure that *some* of the factors you cite apply to others as well.

     

    If I may suggest, if/when you decide to re-enter, do not rue any potential "missed upside". That's the snare that can cause great damage to each of us. Rather, celebrate the correct, for you, decision that provided the benefits you obtain immediately and the ability to be able to re-enter with some confidence when the time is right for you.

     

    I wish you godspeed returning to good health and great profit going forward.

     

    HardToLove
    P.S. Me a bear? I never thought of myself that way - just, to abuse an old line, "a humble reporter" of the charts for the most part.
    3 Aug 2014, 07:12 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Great post WIO about what had to be a painful and prolonged decision process. Here is an updated link to Maya's post that you referred to. It appeared in APC 352. http://tinyurl.com/mna...
    3 Aug 2014, 07:18 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (3119) | Send Message
     
    RuggedDC - You wrote: "I haven't decided whether my having a position size I essentially =can't= get out "

     

    Not sure I understand your thought. I certainly understand the pain and embarassment of writing off a 80-90%(?) investment. Been there, done that. 100% with Beacon and GM.

     

    Sunk costs are sunk costs. For me, taking the write off was a big psychological lift and stress reliever. From a pure economic POV, it really didn't make much difference since the small residue from selling isn't earning great guns either. Do what is best for you, both emotionally and financially. You do have a choice: close out Monday, or not. Neither of us can go back a few years for a redo.

     

    Some may see Axion as a lottery ticket. So perhaps an idea for you is to sell 90% of your holdings (ouch, we know), and keep a tiny lottery ticket. I assume you sleep fine when (if) you buy a Powerball ticket; keep your investment in Axion to the same level of comfort.

     

    Or do something entirely different. :)

     

    Regarding TG's health, my hunch is not a "mental breakdown" or other psychological issue. I doubt he would be kept on board as a consultant in that case. My hunch is cancer. Cancer treatments tend to have "bad weeks" of chemo, then good weeks, on a somewhat predictable basis. In good weeks one could go to the office, participate in teleconferences, etc.

     

    I have been close to two cancer patients with this scenario recently, and lost my father to pancreatic cancer last year. I absolutely do not wish cancer on him, and have no inside information. A stroke victim is unlikely to be able to participate regularly. My best wishes to TG for successful treatments and positive results, for whatever may be ailing him.
    3 Aug 2014, 09:53 AM Reply Like
  • futurecartsla
    , contributor
    Comments (587) | Send Message
     
    " A stroke victim is unlikely to be able to participate regularly."

     

    Every stroke is different, some make a speedy and nearly full recovery, others never move or speak again, with a full range in between. I also hope TG makes a speedy and full recovery of whatever ales him. Health is by far the most important asset any of us has.
    3 Aug 2014, 11:44 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (3119) | Send Message
     
    future - certainly there is a wide range of stroke victims and prognoses. I was thinking in the near term a stroke victim is generally totally "out of commission", until he is not.
    3 Aug 2014, 02:55 PM Reply Like
  • 212138
    , contributor
    Comments (218) | Send Message
     
    > WIO:
    I was "clinically" diagnosed with Lyme about 1992, 2 years after I initially suspected I had the infection. My family doctor completely, I think, bungled the diagnosis and now I will never again put full faith and credit in a doctor. I do my own homework. The specialist I eventually went to treated me for a long time with antibiotics and I think he kept me on one anti-biotic way too long but when he finally did switch me to Biaxin my symptoms abated within about a month. I had a relapse years later and another couple months of anti-biotics apparently put it in remission or dormancy again. By the holidays in 2006 I was feeling lousy again and suspected it was time to go see the specialist again when I came down with a really bad intestinal virus that sent me to bed for about four days and produced severe fever and chills. Since then, I have not had a resurgence of Lyme symptoms. I never had a positive diagnosis of Lyme and apparently there is a problem with diagnosing the disease, they suspect a lot of false negatives occur. My "clinical" diagnosis was based on my symptoms and my exposure to tick habitat. I am frequently in tick infested areas and have had the critters on me often but no bites that I am aware of except the one bite that I suspected was from a tick in 1990 that preceeded the onset of my symptoms. Anyway, it was a tough row to hoe for several years due to fatigue and chronic mild "flu" symptoms. I wish you well and hope you have a full recovery.
    3 Aug 2014, 02:57 PM Reply Like
  • Shirleyr
    , contributor
    Comments (123) | Send Message
     
    Thank you for taking the time to let us know your thinking process in selling. From my perspective having lost all a few times, the last being Beacon, I invest with the commitment to follow it through to the end. The exception is if something stands out, along the way, that goes against my integrity. 3 times this year, I have added to my holdings. If the price continues down, I'll round it off to 200K. Working 20 years in the defense industry on the contractor side, exceptional products take time. Schedules are missed, yet alternatives come about and progress continues. One final thought, participating in high risk ventures takes stamina, endurance, and an understanding of the emotional self so it doesn't overcome the thinking process. Both are necessary. The best to you with your health.
    3 Aug 2014, 03:48 PM Reply Like
  • RuggedDC
    , contributor
    Comments (518) | Send Message
     
    Rick,

     

    Your notion could be quite … colorful: 'Sell 3 million shares of AXPW at the market on the open'… Um, I don't think so, though I'd be fascinated to know at what price such an order would clear!

     

    I actually have =no= trouble sleeping on account of my portfolio (including AXPW) and I am known for tolerating levels of 'risk' which would make others faint. So I'll probably keep all my lottery tickets and employ the quintessential investment strategy know as 'hope' ('pray', for some).

     

    Besides, investment tax losses would do me no good as I still have a gargantuan inventory of tax losses left over from ~2000.

     

    Thanks for your thoughts, solace regarding your father's passing.
    3 Aug 2014, 04:14 PM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (138) | Send Message
     
    Wayne

     

    OT

     

    One Mercola.com resides a film on Lyme.

     

    John
    3 Aug 2014, 04:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Rick: Sorry about the loss of your father. I hope that as time passes the memories of the better times outshine the more recent distressing times associated with his struggle with the cancer.

     

    HardToLove
    4 Aug 2014, 05:17 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I speak with Tom Granville once or twice a week on ePower business, and find the morbid speculation over the nature of his illness more than a little disturbing.
    4 Aug 2014, 06:14 AM Reply Like
  • RuggedDC
    , contributor
    Comments (518) | Send Message
     
    I find Mr. Granville's consistent history of having teased, touted, and mislead Axion's public investors as more than a little disturbing.

     

    The way to avoid "morbid speculation" would be to make some basic disclosure of facts.
    4 Aug 2014, 09:21 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Rugged -

     

    A review of the last four years of internal emails at Axion would be enlightening one way or another.
    4 Aug 2014, 11:33 AM Reply Like
  • Bylo-
    , contributor
    Comments (426) | Send Message
     
    As do I, John. So maybe he should clear the air.
    4 Aug 2014, 11:37 AM Reply Like
  • Noahfreak
    , contributor
    Comments (41) | Send Message
     
    I like your lottery ticket comparison Rick. With something this risky, it really is like taking your paycheck to Vegas. The same rule applies to gambling as to investing. If you can't afford to lose it, you'll hardly be able to maintain the mental clarity necessary to make rational investment decisions. It's tough to resist, but it's important not to bet the farm so to speak on such highly speculative stocks (or any stock in my opinion).
    5 Aug 2014, 09:07 PM Reply Like
  • Noahfreak
    , contributor
    Comments (41) | Send Message
     
    Looks like there are a lot of people like WayneinOregon over the past couple weeks bailing at the prospects of the coming reverse split and financing. It may be foolhardy, but I've gone all in on the news that some die-hards are running for the exits. My reasoning for it is this: nothing fundamental has changed about the company since the last round of financing was completed. All of the former knowledge that people had about the company is still valid as far as I can tell. This is still a great technology. There's still multibillion dollar market potential. There are still lots of irons in the fire to capitalize on it.
    That's my rule. If no new information has changed your fundamental understanding of a company and its future prospects as bullish, a pull back as epic as this is a truly rare buying opportunity.
    The only concern is the financing. It's a gamble, but man the rewards would be huge if it pays off...
    3 Aug 2014, 05:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Noahfreak: Noting your moniker ...

     

    Sort of like building an ark based on the word of someone that can't be seen and then having the waters show up.

     

    Huge pay-off.

     

    HardToLove
    3 Aug 2014, 07:16 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1288) | Send Message
     
    my free money is tagged for local real estate, but 9 cents seems silly. meh.
    4 Aug 2014, 04:05 PM Reply Like
  • Noahfreak
    , contributor
    Comments (41) | Send Message
     
    Haha, that's not so hard for me to get behind. I created the username as a teenager in reminiscence of Bill Cosby's skit on the Noah story. I thought is was clever, but I think you're the first one to make the connection in over 20 years of its use. Guess I really am a freak.
    And yes, at this point it is looking a little like faith to be buying at this point. And yes, a lot of people, my wife included, are looking at me sideways as a result. By the way, what's a cubit?
    5 Aug 2014, 02:18 AM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    A cubit is a unit of measure around 18 to 21 inches.
    5 Aug 2014, 07:08 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (3951) | Send Message
     
    I seem to recall that a cubit was the length of a forearm, elbow to fingertips. Not sure where I picked that up, though.
    5 Aug 2014, 07:14 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    http://bit.ly/1pAs1L9
    5 Aug 2014, 07:21 AM Reply Like
  • negoslavbg
    , contributor
    Comments (113) | Send Message
     
    The road is tough and not everyone can pass it.
    J.P :"On paper I've already lost about 90% of my initial investment. If I tried to sell at these prices, adding over a million shares of supply would only make a bad situation worse."
    B.A: "I also continue to own as many shares of AXPW as ever, which is well north of 3,000,000 shares."
    The difference between these people and the people who sell is: the first trust in the technology and the second only think of fast money.
    3 Aug 2014, 08:52 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Negoslavbg: all generalizations are false, including this one.

     

    I can't say your assessment of the second example is correct. Can't say it's not either.

     

    My initial thought would be that anyone that has 3MM shares has a faith in the technology at least.

     

    MHO,
    HardToLove
    3 Aug 2014, 09:00 AM Reply Like
  • negoslavbg
    , contributor
    Comments (113) | Send Message
     
    H.T. Something you do not understand.
    The first are: J.P. end B.A.
    Of the second are: People who sell and complain here that they have lost money.(people in this forum)
    3 Aug 2014, 11:14 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    You say I do not understand? That's presumptuous.

     

    HardToLove
    3 Aug 2014, 11:28 AM Reply Like
  • negoslavbg
    , contributor
    Comments (113) | Send Message
     
    my mistake
    sorry
    3 Aug 2014, 11:35 AM Reply Like
  • greentongue
    , contributor
    Comments (974) | Send Message
     
    Hoping for a chattery @AltoonaWorks this week.
    3 Aug 2014, 09:01 AM Reply Like
  • raleigh731
    , contributor
    Comments (306) | Send Message
     
    Some of my thoughts on what is happening to share price.

     

    The lack of information is making holders nervous. Some long term holders are selling. More holders get more nervous, causing more sales and a melting share price....but SOMEBODY is buying those shares. Every long term holder that sells is contributing to the market psychology that begets more of the same. Thus, the sell-off. Makes me nervous, too! I actually want to buy, but don't want to risk more than I already have.
    Then there is the rumor of a "quiet" period. If true, I'm lead to believe something significant is coming. Time to buy...with the blood in the streets now!
    DDG is a financing specialist. AXPW needs financing. TG has said there are significant sales in our future...and it has taken longer than anticipated. But our potential buyers are...NSC, long term testing situation but finally on the tracks with imminent news....Epower, start up and in testing with good results so far, but no sales or in market testing by actual freight haulers yet...PowerCubes, long term decision process and government entanglements causing delays....BMW, long term testing and impementation (if ever)....potential CUMMINS for start/stop, long term decision process and product developement. SO many positive situations, all with long term horizons! These should all be positives as far as coming financing goes, seems to me.
    I do believe that the sales that TG said would be significant are PCs, and the delays are government oriented. If/when those factors causing the delays are removed, the significant sales will materialize. When they do, share proce will reflect that, and probably substantially!
    Sorry to see some of these long term holders go, but I still believe that we are on the cusp of great things, or I would sell, too. Any one of the potential situations that we have could have news that could reverse the course of this stock price in an instant...ONE DAY! My situation, I've got the dry powder, I'm still a believer, but I'm afraid to buy!! The RS still spooks me, along with the financing, along with the sales and significant sales. Therefore, I'm holding, not selling, not buying.
    3 Aug 2014, 09:11 AM Reply Like
  • JohnM121
    , contributor
    Comments (511) | Send Message
     
    Over time, we should see PBCs used for less exotic uses, such as a what Multilink is doing. No degradation due to partial state of charge allow less battery capacity needed, and fewer service calls to replace batteries.

     

    "Multilink has released its newest Uninterruptible Power Supply for the cable TV market, the Multilink EB1s."
    http://bit.ly/1wgKxvu
    (Documents tab, EB1s-Specifications.pdf)
    Checking out the specification from Multilink, it has a few items that stand out.

     

    "Adaptive multi-stage battery charging allows for
    charging of multiple types and brands of batteries."

     

    "Charge Profiles GEL, AGM, PbC"

     

    http://bit.ly/1dT9Ddq
    3 Aug 2014, 02:22 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    JohnM121> We've seen this info before. Multilink is just the distributor, which is great because their marketing team's efforts are partially conducive to Axion Power. Still need a customer to bite though.
    3 Aug 2014, 03:34 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1298) | Send Message
     
    You can buy multilink's power supply, but you cannot buy a PbC to go with it.
    4 Aug 2014, 10:39 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    I appreciate the candid disclosure WIO. I am not a medical doctor, but Turmeric cures or at least ameliorates all ills - most notably any symptom having to do with chronic inflammation - and is extremely safe/non-toxic.

     

    I also believe that the departure of longtime bulls is not a negative in the context of falling stock price. It is the definition of capitulation. I have no doubt that a finance PhD could write his/her thesis on the cross-correlation of APC blogs and stock price.
    3 Aug 2014, 03:43 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Think about the numbers for a minute. Axion has 220 million shares outstanding and substantially all of those shares are in the hands of the investing public. Last week was the highest weekly volume since early April and 4.8 million shares traded, 2.4 million on the sell side and 2.4 million on the buy side. About a third of the sell side volume came from FINRA shorts.

     

    When less than 1% of a company's stockholders sell during the course of a given week, the base is rock solid.

     

    To put the numbers in perspective, ENS has 47 million shares out and trades 1.9 million shares a week (4%) JCI has 666 million shares out and trades 16 million shares a week (2%). There is no double count on the NYSE.

     

    Until we see volumes of several million shares per day, any discussion of capitulation is premature.
    3 Aug 2014, 04:18 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    This assumes that the baseline liquidity of AXPW and ENS is equivalent. The difference in trading volumes just tells me that investors in AXPW trade less often than investors in ENS. It is not the volume that interests me but the rationale that is most unusually disclosed by individuals who represent a significant percentage of the trading volume. "I give up. I need to be in less risky assets".
    4 Aug 2014, 12:08 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Since I sold out all my stock back at .36 (Thank God) at a 70% loss I have faithfully followed the APH threads hoping for a reason to get back in. In fact I did buy back in a few hundred shares a couple of times but the tide just continued receding and I sold them again.

     

    There are many people who are APH members that I consider good friends. JP was extremely supportive of me during a very difficult one year period while I took care of my blind bed-ridden mother 24/7. We had many late night (early AM for JP) discussions about Axion and many other topics. He helped me maintain my sanity and I will be forever grateful for his help.

     

    I have occasionally dropped by and fired pot-shots at Axion, but seldom. I am not going to do so now or in the future. My only thoughts at this point is the DG is probably up to his a** in alligators trying to learn what options are available to Axion. I don't think he has time to worry about the APH thread.

     

    I will also add that for 250K and a car allowance Vani hasn't produced sales commensurate of his compensation. On top of that, Axion now has a former CEO on the payroll for another 190K a year plus whatever. What a lot of dead weight IMHO as far as output goes. Chuck Trego has his finger in the dike for the CFO slot. There are lots of management issues when you total this all up with questionable ability to execute a business plan.

     

    Someone will put out a hit on me for saying this, but the PBC's best chance of success is in a solid, well-run and capitalized entity able to play for the long haul. That doesn't exist today. IF DG can turn Axion as it now stands into such an organization the board out to give him a blank check and tell him to fill in his own number.

     

    MY last thought is that NSC might be completely happy just having 999 running and perhaps an OTR unit. It will give them the tool they need to establish a baseline of experience going forward and a yard stick to use in measuring other battery technologies as they develop.

     

    My main concern at this point is the fervent wish that no matter what happens ePower will have the PbC available to it as it moves forward. It is essential to their product.

     

    For all of my friends who still hold Axion stock you are in my thoughts and prayers. Anyone who is still invested in Axion deserves a 100 bagger given all the drama owning Axion has provided them the past 5 years. I'll be watching but my mouth is shut going forward. Good Luck to All!
    3 Aug 2014, 06:26 PM Reply Like
  • RuggedDC
    , contributor
    Comments (518) | Send Message
     
    Mr Whiz,

     

    Since you did mention ePower, might you be willing to share with us whether you have become an investor in ePower, or will you personally remain in abeyance regarding all investments "PbC"?
    3 Aug 2014, 10:09 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    The value of Axion goes down linearly over time as cash is burnt but with no sales. I view raises are neutral as they add cash, but short term there are declines in price. In the end, it's whether you buy in close enough to the big design win. Our stomachs may not like it, but even steep declines can be recouped once it happens.

     

    In this case, we're close enough to the NS-999 to stay in, especially now that the stock has declined to account for any raise. So I'm comfortable adding at this time.
    3 Aug 2014, 10:26 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I m not currently invested in any stock or business, public or private.
    4 Aug 2014, 10:04 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I hope you don't have all your eggs in the Axion basket. Given the lack of sales over the past 4 years I question anyone but a vulture financing Axion, particularly in view of the current management structure and issues.
    4 Aug 2014, 10:07 AM Reply Like
  • RuggedDC
    , contributor
    Comments (518) | Send Message
     
    Thanks for your replies and concern, 'Whiz.

     

    I have a diverse array of stock and MLP-unit investments, including many income-generating.

     

    I had dreams of making a small FORTUNE from Axion -- but, instead, the pattern is only for my Axion fortunes to keep growing SMALLER.
    4 Aug 2014, 10:14 AM Reply Like
  • Bylo-
    , contributor
    Comments (426) | Send Message
     
    Rugged, that's because it's easy to make a small fortune on wall street... simply start with a large one!
    4 Aug 2014, 12:21 PM Reply Like
  • RBrun357
    , contributor
    Comments (820) | Send Message
     
    A few of us Axionistas seem to resemble the infamous Black Knight!

     

    http://bit.ly/1qCyt7G

     

    Never give up! It is only a flesh wound!

     

    ;-))
    3 Aug 2014, 07:23 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    RBrun, I have a great tech. that will not change the world but it is very fitting for numerous apps.

     

    "None shall pass." lol

     

    People think that the "Vampire Squid" only exists in banking!
    3 Aug 2014, 10:43 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Samsung SDI to sell storage batteries for solar farms in Japan

     

    "As early as September, Samsung SDI will start selling lithium-ion batteries at prices of around 100,000 yen ($963) per kilowatt-hour of storage capacity, which is just half the price of typical products sold by Japanese companies.

     

    The batteries are guaranteed for 20 years, and to sweeten the deal the Samsung Group company will closely monitor the battery cells and replace them for free when they near the end of their lives."

     

    http://s.nikkei.com/1l...
    4 Aug 2014, 07:15 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Another 8-K MDA relating to senior warrant holders.

     

    http://tinyurl.com/khq...

     

    HardToLove
    EDIT: As Amouna noted, TG also resigns and a consulting role will be defined in this next week.
    EDIT2: Full agreement exhibit http://1.usa.gov/1qUaYax
    4 Aug 2014, 09:14 AM Reply Like
  • RuggedDC
    , contributor
    Comments (518) | Send Message
     
    Well isn't this new 8K just peachy.

     

    The warrants are now all converted to stock, and those charmed insiders have a few "for show" restrictions placed upon their selling, but one of the terms permits them to flood the market at ANY TIME when AXPW starts trading at UNDER 2 CENTS per share.

     

    It also appears that TG is further withdrawing from the company, having resigned from the Board and now redefining his role from that of DDG's assistant to one as (merely) consultant, with new remuneration package to be designed this week...
    4 Aug 2014, 09:40 AM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Don't think TG is distancing himself from the company, but I think he has been "managed out" with a severance package to be able to focus on himself a bit and forget Axion. Plus, to be perfectly honest, his time with Axion is over and as it stands SO FAR there is nothing to write home about besides promises of a bright future.
    4 Aug 2014, 09:46 AM Reply Like
  • abcd9876
    , contributor
    Comments (69) | Send Message
     
    That - above 19 cents or below 2 cents - looked strange to me too. I am not familiar with original 'senior warrants' issued with PIPE deal, but 1.7 shares per warrant does seems steep. The intention seems to clean up the cap structure though - positioning the firm for next cap raise from presumably smarter investors who are probably insisting on this clean up as part of their commitment.
    4 Aug 2014, 09:50 AM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    TG is out of the company payroll as he can't stay on the board anymore and needs to focus on his health.
    4 Aug 2014, 09:17 AM Reply Like
  • DaveT
    , contributor
    Comments (209) | Send Message
     
    another 8-k, this one for "all of the warrants to purchase 17,281,107 shares of the Company’s common stock issued in conjunction with the May 2013 senior convertible note financing", to be exchanged for shares "at a ratio of 1.7 Shares for each Senior Warrant". There are delayed selling restrictions.

     

    Err, so warrants normally exchange at 1 for 1, and you have to pay a strike. I don't recall the terms of these warrants, but these holders seem to have a good deal on the face of it, someone tell me why I'm wrong pls.

     

    from http://bit.ly/1lsmXnS
    4 Aug 2014, 09:21 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It all relates back to the terms of the PIPE warrant agreements, which were no kinder than the notes.

     

    http://1.usa.gov/1qUczxd

     

    The two principal hooks in the agreements were:
    • A full-rachet price adjustment if the company sells equity at less than $0.302 per share [paragraph 2(b)]
    • A proportional upward adjustment in the number of shares issuable upon payment of the $5,219,000 exercise price.

     

    The combined impact of these two provisions would have been very nasty if Axion sold equity at $0.10. The sale would make the exercise price $.10 instead of $.302 and instead of being exercisable for 17.3 million shares the warrants would have been exercisable for 52 million shares that the PIPErs would have been free to sell any way they wanted to.

     

    On balance I think that issuing 29.4 million shares and imposing some fairly strict resale limitations until we have a double from the current price isn't all that bad.
    4 Aug 2014, 09:53 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Yes, But they got exercised for free so the formula isn't quite that rosy.
    4 Aug 2014, 10:31 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    There's no way to tell what the formula will be until we know what the financing terms will be. If the placement goes off at $0.08 instead of $0.10, for example, the change will keep a total of 35 million shares out of the PIPErs hands instead of 22 million with a $0.10 offering.

     

    The PIPErs have demonstrated their capacity for savage behavior. Under the original terms they had registration rights and no restrictions. While the registration rights are less important at this stage in the game, I think the behavior restrictions are worth more than the cash.
    4 Aug 2014, 10:42 AM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1073) | Send Message
     
    I'm a bit late to this game (8K).

     

    From what I understand, those warrants and their queer provisions were quite some incentive for the PIPErs to destroy the pps with their last remaining shares. This should (probably) change their behavior in the short term and mount them a muzzle for the longer term. Am I wrong?

     

    We've been inflicted some extra dilution, but sometimes independence costs much more than that.
    4 Aug 2014, 06:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Initial thought on the 8-K is the company is buying time, and setting conditions, to allow potential big news to come available and get a stock price healing underway before the triple-play news/RS/up-list is done.

     

    HardToLove
    4 Aug 2014, 09:29 AM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Let's hope we don't run out of time :) I have a hunch DDG will get his buddies from Colmen group to dole out a loan or an equity infusion.
    4 Aug 2014, 09:32 AM Reply Like
  • raleigh731
    , contributor
    Comments (306) | Send Message
     
    OK, got off the fence and picked up 4K at .1099.
    4 Aug 2014, 09:46 AM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Don't know how low the stock price will hit, but this is the nightmare scenario becoming true...

     

    Our fate is in the hands of DDG. Hopefully some of the prospects that TG has talked about in the past will materialize soon, otherwise I don't think we will make it past December this year. Either way, we shall know !

     

    And with respect to TG's consulting role, with all due respect, I know I have always been a critic of his management style. I am AGAINST his involvement with the company again. Enough is enough.
    4 Aug 2014, 11:26 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Amouna: Don't forget the warrants put $ in the Axion coffers now?

     

    HardToLove
    4 Aug 2014, 11:34 AM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    I also think DDG be more "ruthless" with regards to other staff performance such as VD. Sorry, but if this Company has to survive then we can't afford to splash big money/benefits on people who can't justify these packages in a reasonable amount of time. TG alone took around 4% of the money spent on Axion in the past 10 years - I want to see accountability for that. JP lauded him for a long time as being a very good CEO, but so far while I think he may have been a very decent person with an unlucky streak, as I shareholder I have also to look for number 1: Me and I have yet to see the fruit of his labor come out in a public way.
    4 Aug 2014, 11:45 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Amouna: In all fairness, do keep in mind the progress made during the development of the product.

     

    Forecasts of sales and/or inability to bring them about were the weakness from what we can gather.

     

    MHO,
    HardToLove
    4 Aug 2014, 11:55 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (3119) | Send Message
     
    HTL - How much cash does the warrant transaction put in the coffers *now*?

     

    Or is it dependent on subsequent financing?
    4 Aug 2014, 02:16 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Rick: Other than posting and a quick scan, busy converting some of my chart stuff, so haven't dug deep or calc'd.

     

    Others probably have it already.

     

    HardToLove
    4 Aug 2014, 03:00 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    None. It was a straight up exchange of warrants for shares with no cash consideration.
    4 Aug 2014, 03:05 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (3119) | Send Message
     
    Thanks, JP. That's what I thought.
    4 Aug 2014, 05:33 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    Probably nothing, and didn't hear 999 (or any other engine) mentioned, but did hear the word "demo" mentioned a couple of times a few minutes ago on the Altoona scanner feed

     

    http://bit.ly/1lsKXHH

     

    First time I've heard anything like that in maybe 20 cumulative hours of listening over the last 3-4 days
    4 Aug 2014, 11:33 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Wtb: Just got probably 1/2 hour to demo.

     

    HardToLove
    4 Aug 2014, 11:38 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    I'm told Demo may be a shortened version of someone's name, particularly if you hear "RW Demo" which would be
    Railroad Worker "Demo" ...

     

    offline for a while ... we'll see.
    4 Aug 2014, 11:55 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    also from the same source (asking if I might hear something here on NS-999 being moved into the yard to do "real work")

     

    "I don’t what channels it scans. You might hear if it gets moved over, but they likely wouldn’t move it to the yard on its own, so you probably wouldn’t know you were hearing it being moved.

     

    If it scans 58/58, then you would probably hear it
    "
    4 Aug 2014, 12:00 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (3951) | Send Message
     
    I had it running in the background over the weekend. Thanks for the link, wtb.
    4 Aug 2014, 12:01 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    Some silver linings in this 8k:

     

    1) They are obviously trying to limit the shares issued to PIPErs upon the next financing. They also feel comfortable limiting shares at the expense of the extra cash they would have received from the warrants.

     

    Essentially they bought the difference in shares for 0.23 apiece. That's the 52m shares that would have been issued at 10c, minus the 29.4m issued, then divided by the 5.219m dollars they would have received.

     

    They also get some prohibition in selling, which previously may not have been pretty for us.

     

    2) The selling behavior last week may have been PIPE related, as 10% or 2.94m shares were available to sell by the agreement. That also appears to be roughly the amount of extra selling pressure. That means the pressure is lifted until November.
    4 Aug 2014, 11:40 AM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    Another bid filled for me.
    4 Aug 2014, 11:54 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I'm going to engage in some gratuitous tea leaf reading because I find today's Form 8-K intriguing on a couple levels.

     

    Firstly, there is no earthly reason for Axion to renegotiate the PIPE warrants unless the next financing round is already a done deal, or at least in the final negotiation stages.

     

    Secondly, I find the behavior restrictions fascinating because they suggest that the new financiers won't be as eager to flip shares for nickels and dimes as we've seen over the last few years. With the restrictions disclosed in the 8-K, the PIPErs will be able to sell ~1 million shares a month over the next three months and then ~2.5 million shares a month for the following three months. Starting six months out, when there will presumably be a market upgrade and no double count, the PIPErs can't collectively account for more than 60% of sell-side volume.

     

    In connection with small IPOs, underwriters used to require a 12 to 24 month lockup from legacy stockholders to protect the market from selling pressure. Likewise, investors who are setting the stage for a rush to the pay window usually want to freeze competitive sellers out of the market, instead of inviting them in and letting them become increasingly competitive three and six months from the deal date.

     

    I find it all very curious and oddly encouraging. It will be fascinating to watch the process unfold.
    4 Aug 2014, 11:55 AM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    The PIPErs may have been equally happy to agree to selling terms, as it's something of a prisoner's dilemma for them. Since there are 4 PIPErs instead of one, any PIPEr who sells essentially screws the other. With VWAP conversion and true ups, they were essentially forced to sell as much as possible to avoid getting a worse deal by another PIPEr's activity. Without the conversion and true up, they would definitely prefer an enforced disciplined selling behavior.
    4 Aug 2014, 12:01 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The intriguing part is that the new money seems to be willing to let the PIPErs play. If I planned to be a flipper I'd want the PIPErs completely frozen out until I was done. If I planned to be a holder, however, I'd want the PIPErs in the market under controlled conditions to help avoid an imbalance from lack of supply.
    4 Aug 2014, 12:12 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >JP ... Your saying your tea leaves are predicting we have six more months before a market upgrade? Will that be enough time for the PIPERs to blow off their remaining shares? Will we get to see $0.05 USD or less before a Reverse Split? I wonder what kind of deal the company can or will get from a financier or would it be more correct to say the new owner?
    4 Aug 2014, 12:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I don't think a market upgrade will take anywhere near six months and I don't see any incentive for the PIPErs to be pounding stock into the market at current prices. These guys are all about maximizing their profit and while they got about 25 million shares in the $0.073 to $0.083 range, most of their conversions were at higher prices.
    4 Aug 2014, 12:32 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    thats what u said last time
    4 Aug 2014, 01:15 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    It is more likely that the new money was given no choice by the PIPERs but to be gifted their warrant shares and be allowed to "play" with those shares as described. The PIPERs remained in control of a contract that the new money wanted "cleaned-up". It is nearly certain that Axion had to give the new money a better deal than would otherwise would have been possible were it not for the demands of the PIPERs in this clean-up.

     

    I agree that it is a very good sign that the new money is still interested in Axion in light of the PIPER demand for 'free stock' in exchange for their warrants but who knows what Axion has been forced to give away to the new money in this deal.

     

    One thing is for certain and that is your January phrase "Out Of The Pipe And Into The Light" was terribly premature. The PIPER rape tactics continue unabated.

     

    If a deal is made with the new money at $0.08/sh it will mean that the PIPERs were GIFTED about $1.3 million dollars to accept these MINIMALISTIC selling restrictions, that is if they were to get just the 17.3 million shares, but is that the number of shares that they will actually get? The tabulation of the PIPE shares involved was conveniently left blank.

     

    The good news is that new money appears to have been found or this new PIPEr deal would have been unnecessary, but why not make this announcement at the same time the funding was announced?

     

    Why subject us to this kind of water torture?
    4 Aug 2014, 01:34 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    New money always has several choices while old money, including the PIPErs, only has one – take it or leave it.

     

    I got caught with my pants down in the "Out of the PIPE" article when I failed to notice the "make whole" interest provisions in the PIPE notes that required Axion to pay 22 months of interest on a debt that was amortized in less than a year. So I checked the anti dilution provisions of the warrants carefully. Like the notes there were a couple zingers that reminded me of the tender prison love scenes from OZ.

     

    I sure am glad that I wasn't involved in either the negotiation or the approval of those contracts.
    4 Aug 2014, 03:16 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "I sure am glad that I wasn't involved in either the negotiation or the approval of those contracts."

     

    What does that say about the people that were?
    4 Aug 2014, 03:57 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Matthew 7:1
    4 Aug 2014, 04:09 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Not judging, just stating the obvious.

     

    It's quite possible that the PIPE agreement was entered into b/c mgt thought they were on the verge of a contract that would propel them forward. In fact, the common assumption here was that Axion would not have entered into such a terrible deal with the A123 financiers without having something in the back pocket.

     

    If this theory is correct, and for whatever reason, the contract or pocket ace was pulled to the detriment of legacyholders, I am ok with that. TG swung for the fences and missed. Business doesn't always turn out how you expect.

     

    However, I would like to know about it rather than being kept in the dark with abstract rosy prediction after rosy prediction but with the stock price continually getting pummeled.
    4 Aug 2014, 04:58 PM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Well, Stefan, Tom "rosy glasses" is out of the picture...and for good I hope. All the best with his health, but I will be the last one to want him back anywhere close to the executive at Axion!
    4 Aug 2014, 05:30 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Looks like the 8-K may have caused my anticipated low $0.09xx support to become irrelevant.

     

    HardToLove
    4 Aug 2014, 12:06 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    "Firstly, there is no earthly reason for Axion to renegotiate the PIPE warrants unless the next financing round is already a done deal, or at least in the final negotiation stages."

     

    -I agree 100%. This is additional housekeeping ahead of the financing deal. I just hope that we finally have an investor with a company logo, contact numbers, a New York office, and conflict-free consultative resources. Enough with the mom-and-pop.
    4 Aug 2014, 12:19 PM Reply Like
  • Ricknplano
    , contributor
    Comments (318) | Send Message
     
    I see in the 8-K there is no longer any mention of 30-50 to 1 but the reverse split is accepted to be at 50:1. To me that suggests management is not expecting any immediate good news to materially affect the stock price. Unfortunately the added stock supply, even restricted, is not good news for legacy stockholders. The recipients of the new "restricted" stock are free to sell other non-restricted shares they may own to take advantage of the additional quantity they own due to the conversion.

     

    A couple of years ago I mildly expressed concern over the stock price and was grilled on this site by true believers who suggested I sell. I took their advice and I sold my Axion at 48 cents and have watched and waited for a time to get back in. I intended to get back in after strong sales or industry alliances or other significant positive events occurred. Unfortunately I am still watching and waiting.

     

    Some who excoriated me at 48 cents have had their own "Come to Jesus" moments and understand now why I was not fully positive about the stock. As I have always tried to make clear, the stock is a financial instrument and is not the company, the people in the company, nor the technology. I like the people who I think are doing their best. I love the technology for certain applications. But the stock price is a function of many other things, mostly unrelated to the technology or people. For the stock I still see the risk reward to be negative. That could change in a flash, but until it does I will remain on the sidelines and cheer the company, the technology, and the existing shareholders onward. I hope you all get rich and I hope to rejoin you, should the situation warrant. My best wishes to all, especially those who have lost big. I understand your pain.
    4 Aug 2014, 12:19 PM Reply Like
  • geopark
    , contributor
    Comments (332) | Send Message
     
    added 25Ksh @.09 (12:16:24).

     

    I accept price may well go lower.

     

    Spec funds always.

     

    EDIT: .0907/sh w/commission
    4 Aug 2014, 12:22 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    Well whoever wanted to pick up 600K at $0.085 basically got their wish.
    4 Aug 2014, 12:40 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    PY: Not yet - bid just appeared at ~12:20 as higher bids from NITE got flushed away. $0.085 is likely another day or two away at least.

     

    MHO,
    HardToLove
    4 Aug 2014, 12:43 PM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Still think we go sub 5cents. I still have plenty of dry powder to bring my cost to mid teens...
    4 Aug 2014, 12:48 PM Reply Like
  • geopark
    , contributor
    Comments (332) | Send Message
     
    Respectfully disagree Amouna . . for the record I see .08, possibly .07 as the floor.

     

    If I am wrong and we do get to .06/.05 I would seriously re-evaluate my full spec investment in Axion.

     

    Mr. DiGiacinto's first CC is ~13 days away and that should add much 'color' to the situation and possibly cause me to change my opinion on future prices.
    4 Aug 2014, 04:57 PM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    I sure hope you are right geopark, but the reality is we have a better chance at touching 5 cents than 30 cents now...unless something really great happens!
    4 Aug 2014, 05:32 PM Reply Like
  • Al Marshall
    , contributor
    Comments (631) | Send Message
     
    JP: I'm not sure the trickling out of PIPEr shares is a show of confidence by the new money. The PIPErs have some significant leverage on their side as well and they negotiated terms.

     

    Everyone: I am greatly encouraged in that it seems like Axion and its new financier are close to a deal and are doing a lot of cleanup. Hopefully, the financing will be done in the next few weeks, a month or two before the company gets in real trouble.

     

    WIO: Thanks for posting your decision and decision-making.

     

    Everyone: I think we all are getting a little over stressed here. We're passive investors and thus aren't going to cause any harm if we back off a bit. Let's try to limit our posts to when we have something substantial to say.
    4 Aug 2014, 01:02 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    When it comes to financing transactions, legacy investors have one choice and one choice only – take it or leave it.

     

    The PIPErs have power in their negotiations with Axion, but they have nothing vis-a-vis the new money.
    4 Aug 2014, 03:19 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    Exactly, a dead Axion means that the warrants would be useless to the PIPErs as well.
    4 Aug 2014, 03:33 PM Reply Like
  • PhishDBob
    , contributor
    Comments (20) | Send Message
     
    http://bit.ly/1ltmdim

     

    If you google WAPA/Feed In Tariff/Net Metering there are some interesting tid-bits where the utility rep's call for increased storage and power conditioning... hopefully New Castle is in contact with the Virgin Islands Water and Power Authority (WAPA).
    4 Aug 2014, 03:24 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    Some rough calculations to try to figure out when this deal benefits the PIPErs, and how the 1.7 ratio was determined. This might give a clue about the raise price.

     

    I'm assuming that the new shares (0.10 as of Aug 1) equal in value to what would have been the difference between their adjusted exercised warrants and Aug 1 price (raise share price - 0.10).

     

    Thus:

     

    number of exercised adjusted warrants * instant profit = 29.4 million shares * (0.10)

     

    This gives:

     

    ($5.219 million / raise price) * (raise price - 0.10) = 29.4 million shares * 0.10

     

    => Raise price = 23 cents.

     

    This obviously doesn't mean that's the actual raise price, but that any raise below that means the PIPErs get a better deal, and don't have to pony up $5.219 million.

     

    As posted before, essentially Axion purchased the rest of the issuable shares for 23 cents each.

     

    ALSO:

     

    We know that Axion has been negotiating the raise since at least May, and until mid July the share price has been solidly above 15 cents. It's not inconceivable we'd see a raise above the recently cratered prices.

     

    I previously posted about ADMP, which saw a triple upon financing and uplisting. It had fallen to 3.40, yet their raise went off at 5.95!

     

    In summary, good time to buy as any.
    4 Aug 2014, 03:26 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    So did that conversion amend BA's Senior notes? Or was his debt deal negotiated separately?
    4 Aug 2014, 03:34 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    What We Can Do to Ensure Solar Panels Work During the Next Sandy

     

    "New Jersey is a national leader in solar power. With close to 1,300 MW of solar energy currently installed, the state ranks third in the country in solar capacity."

     

    "...Battery-backed PV combinations, however, come with considerable additional costs. Rebates, such as California’s Self-Generation Incentive Program, can help reduce such costs by providing rebates to small, behind-the-meter storage.

     

    New Jersey is currently developing a straw proposal for its first energy storage incentive program, a promising step toward making solar PV more resilient and affordable. Low-interest loans through the state’s recently announced Energy Resiliency Bank are yet another way to unlock solar PV’s resiliency potential."

     

    http://bit.ly/1qUFL77
    4 Aug 2014, 06:16 PM Reply Like
  • dance621
    , contributor
    Comments (205) | Send Message
     
    My main concern is this fall in price. How can you successfully agree a decent loan deal with the share price in death throes. If I am going to invest 10M in Axion I want to be getting better value for money than the existing shareholders. A reasonable discount to market price would be lets say 6c today (30% discount). That means 165M shares issued for the 10M. A month ago it would have been half that many shares.

     

    I don't know who is selling. I guess the positive is that the selling has been on quite low volume of just 1 or 2M shares a day. So it does not seem to be a concerted dash for the door. I will hold and see if they can get a decent deal. One thing is for sure. Won't have to wait that long to find out what happens.

     

    You know holding Axion today feels like when I have held stocks as they died. I get the same numb sick feeling that I should really sell but can't bare to face reality. Hope I am wrong. Others here have a whole load more to lose than me.

     

    Two working theories: 1) great product and really bad performance by management to sell it or 2) poor product and really great performance by management to hide the fact from investors.
    4 Aug 2014, 06:24 PM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    These days you just don't know fact from fiction. If it's option 2, is there any legal recourse?
    4 Aug 2014, 06:31 PM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    So far, ePower is reporting great results from the performance of the PbC for ePower's purposes (obviously subject to further product development and testing, of course.) BySolar has ordered four more Power Cube setups. NSC is continuing their eletro-motive electrification program with the PbC.

     

    Now, of course, BySolar ordering four more Power Cube units is not a highly celebratory event, but if their initial Power Cube installation were to have been quickly shown to not be meeting the project's expectations, then it does not seem likely that they would have placed an order for four more Cubes.

     

    With the general consensus being that roughly 500 to 1,000 cycles is the limit of the currently most often used Li-Ion chemistries, the value proposition for their use in powering trains might not be that attractive.
    4 Aug 2014, 07:43 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    Li-ion has excellent lifetime, as long as you dont charge/discharge it quickly. PbC value prob is it has the highest in/out rates for a given energy content. i.e. frequent, partial, high rate charging and discharging. not so great for long duration discharge or saving space and weight.
    4 Aug 2014, 08:01 PM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    Patrick Young -->> "Li-ion has excellent lifetime, as long as you dont charge/discharge it quickly."

     

    There are a lot of variables that go into this. Actually, we have only a few years of more than a nominal amount of data for use of Li-Ion batteries in use for auto. The Tesla Model S went into production in 2012, so it will be another 8 years until there is enough reliable data to go through in studying the long term performance and behaviour and safety of these batteries in auto use.

     

    Right now, the best way to study a battery pack is through destructive testing. Battery Management Systems, for a variety of reasons, are not presently equipped to provide the real time measurements needed to accurately assess how a battery is performing and to measure its remaining life expectancy.

     

    The cycle life of these chemistries will be dependant on various factors such as the temperature range that they are exposed to, how often they are subjected to such temperature ranges, and how short or how long the time span is in experiencing these ranges. The temperatures at which the battery pack is being recharged will also play a role.

     

    It is not only the lithium portion of the Li-Ion family of batteries that has to be considered in their long term study; it is how all the other elements, transition metals, and electrolytes in these batteries are going to interact with each other over a long term time frame. Also, it has to asked if there will be any side-reactions that may not be evident until the battery has been in use for a number of years.
    4 Aug 2014, 08:58 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "but if their initial Power Cube installation were to have been quickly shown to not be meeting the project's expectations, then it does not seem likely that they would have placed an order for four more Cubes."

     

    There has been no confirmation that the first Bysolar installation is even up and running yet. Unfortunately, an inference based on a false premise, happens way too often here.
    4 Aug 2014, 11:02 PM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    Stefan -->> You raise a good point. If the first installation is not known to be yet operational, then the question is: why did they order more?
    5 Aug 2014, 01:07 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    User39, It could be like the ePower order. Good intentions yet timing unknown and thus not a firm commitment in a time fame where it helps Axion when they need it most.
    5 Aug 2014, 06:00 AM Reply Like
  • User 393748
    , contributor
    Comments (439) | Send Message
     
    iindelco -->> The extra four Cubes could very well be non-firm expressions of commitment.

     

    Since BySolar's average time to complete a project is roughly one year, if these four Cubes are for real, then they will be at least a year out from now.

     

    Hopefully, at the next cc, we can get some solid info on the status of Axion's BySolar work.
    5 Aug 2014, 07:15 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    User39, I think for current and former investors as well as lurkers, there are indeed high hopes for a level of clarity out of this next cc. If in fact we are in a quiet period for a cap raise we may be disappointed.

     

    I suspect DDG is just being mechanical about some of the tasks he has at hand because he was handed a bag of financial poop from TG and our CFO as a result of the last capital raise. Not much opportunity for adjustment to be had with certain aspects of what these guys signed up for. Why they signed up for such an embarrassing cap raise we will never know.
    5 Aug 2014, 07:36 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    As a matter of generally accepted practice, a public company only gets to issue a press release about a particular contract once, usually when the contract is signed. Once an announcement is made, there is a presumption that the parties will perform in the ordinary course of business and the only time updates are appropriate is if something goes seriously wrong. Delays over trivial matters like inspections aren't news when they arise and they aren't news when they're resolved.

     

    While management may discuss the progress of larger projects in regularly scheduled conference calls, particularly if problems or delays arise, there simply is no mechanism for the kind of blow by blow coverage that some would like to see. Once a sale is made, the decision to speak publicly about product performance lies with the customer, not the vendor.
    5 Aug 2014, 07:45 AM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Iindy,

     

    A bag of financial poop it was indeed. Did they know what they were doing or just gambling with company stock to extend the runway a bit and "hope" for their strategy, that we don't know.

     

    Now wih TG's legacy will need to be assessed in clear daylight at the next cc. We shareholders should demand a very truthful and honest inventory of things, and hopefully DDG is such a person who can deliver that truth to us.
    5 Aug 2014, 07:55 AM Reply Like
  • greentongue
    , contributor
    Comments (974) | Send Message
     
    "Once a sale is made, the decision to speak publicly about product performance lies with the customer, not the vendor."
    If the customer thinks they have found a "Gold Mine" they may not be motivated to spread the word unless to raise money for their own business expansion.
    5 Aug 2014, 07:55 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    JP, I have to disagree. When delays come about that affects the financial stability of a company it is a material event.
    Especially when the delay may cause the disruption of the other 3-4 orders of PC's.

     

    In case you forgot, these d__ company directors and officers represent shareholders.

     

    When a business plan or contract goes south or is delayed they owe shareholders an explanation. Especially when it may affect capital raises, the amount raised, etc.

     

    AXPW is d--- good at touting potential customers & relationships but never commenting again when they fall thru the cracks.
    5 Aug 2014, 08:45 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    I can assure you they knew exactly every term in that contract and agreed to every one of them.

     

    That's just how dire the AXPW situation was then and again now .

     

    The theory that the company is worth more after a piddly $9-10 M cap raise for another year when they are losing money doesn't hold water. The whiskey has been diluted one too many times.

     

    This RS is nothing other than the last cap raise was at a 50% plus discount and this one would be no different .... so the BOD knows if they asked shareholders for 500 million shares it wouldn't fly,

     

    But, they are getting it with a RS of 50:1 and leaving such a high number of shares approved. Only giving shareholders the carrot of an uplisting. Which could go to any one of the exchanges. Not jus the NASD
    5 Aug 2014, 08:50 AM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Does that mean we have actually been DECEIVED into thinking Axion was something it never was in the first place ?
    5 Aug 2014, 09:22 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    IMO, yes we have been deceived. In more ways than one.
    5 Aug 2014, 09:42 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Material omission is a problem for any company.
    5 Aug 2014, 10:49 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1947) | Send Message
     
    I have it on good info from an official of New Haven that the state of CT has plenty of money and favors (50 million and tax breaks for decades) to bring manufacturing jobs to the state. I will be following up on this tomorrow with management.
    4 Aug 2014, 06:32 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    All,

     

    Just wanted to comment that the conversation lately has been more of what I had come to expect from the APC. Very helpful. Thank you all.
    4 Aug 2014, 08:53 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    More is not always better with solar energy unless you have the right storage price. Solar, always been stone soup for most.

     

    More than the sun: getting the most from solar energy storage with field data

     

    http://bit.ly/1v5PbhO
    5 Aug 2014, 07:02 AM Reply Like
  • ARGE
    , contributor
    Comments (724) | Send Message
     
    iindelco:
    "...such as the dust and dirt which collect on the solar modules and diminish the amount of the power produced..."

     

    Every morning when I wash the dusty due off my car's windshield, I have to wonder how life would be with solar collectors on the roof of my two story house.
    8 Aug 2014, 12:28 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    ARGE, It would be very interesting to get a full multi-year report on all the incidental costs associated with some of these renewable generation options. It's like when I look at some of the panel installations on roof tops and think about what is going to happen to the roofing shingles under the panels. Wet longer and organic material build up etc. I do suspect the cost of removing the panels and re-installation is not a consideration in the payback period.

     

    BTW, Not wishing anything bad on them but need to follow up and see how solar holds up if Hawaii gets hit by the tropical storm or worse.
    8 Aug 2014, 01:01 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    Latest Altoonworks tweet:

     

    "NS 999 still sits just west of the test shed tonight."

     

    http://bit.ly/1pAyvJM

     

    At one point I thought maybe just maybe stuff was waiting on the big Washington Penn. House committee majority leader guy to be on Congressional break (which they now are on) and to make a "hands on" visit, but can't see there's been enough progress for NSC to chance a big photo op and publicity. And given Congress getting almost nothing done, it's even hard to believe Uncle Sugar coming through with more $$ for NSC that would result in a vist/announcement either.
    5 Aug 2014, 08:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    08/04/2014: EOD stuff partially copied to the concentrator.
    # Trds: 154, MinTrSz: 7, MaxTrSz: 109555, Vol: 2122206, AvTrSz: 13781
    Min. Pr: 0.0851, Max Pr: 0.1100, VW Avg. Tr. Pr: 0.0904
    # Buys, Shares: 57 542417, VW Avg Buy Pr: 0.0907
    # Sells, Shares: 94 1553289, VW Avg Sell Pr: 0.0903
    # Unkn, Shares: 3 26500, VW Avg Unk. Pr: 0.0872
    Buy:Sell 1:2.86 (25.56% "buys"), DlyShts 83000 (03.91%), Dly Sht % of 'sells' 5.34%

     

    A form 8-K MDA was filed wherein we find the warrants have been upped to convert at 1.7 shares. Warrant and the Tom Granville has resigned and will be consulting with the company.

     

    I've been saying that the low $0.09x area seems to be a potential stronger support area. The 8-K trashed that possibility, at least for the day. It's time to wait and see again for a few days.

     

    Today's low, high, VWAP, trade volume, and daily short sales moved -11.45%, 0.09%, -09.03%, 97.91% and -52.38% respectively. Price spread today was 29.26% vs. 14.36%, 5.84%, 8.70%, 16.32%, 25.74% (23.76% if $0.1250 used as high), 20.82%, 6.22%, 2.31% and 2.69% on prior days.

     

    In the traditional TA area, I think waiting for things to settle a bit is prudent. The only thing I guess is that, as in the past, we'll touch and go below our prior intra-day low, $0.08. But this is based only on how things have always behaved.

     

    The larger trades (>= 15K) occurred on 38 of the 154 trades, 24.68%. These 1,233,073 shares were 58.10% of day's volume, and traded at a VWAP of $0.0902. 8 of the larger trades, 21.05% ...

     

    The other 116 trades, 75.32% of the day's trades, traded 889,133 shares, 41.90% of the days volume. The VWAP was $0.0907. 49 trades, 42.24%, ...

     

    The usual, but less of it, is in the blog here.
    http://seekingalpha.co...

     

    HardToLove
    5 Aug 2014, 09:01 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    <Begin Rank Uniformed Speculation>

     

    Catch-22?

     

    If NSC is terrified of getting egg on their face with a second NS-999 failure, might they now be waiting on AXPW to prove their long term viability?

     

    Guess they don't care or never the heard the admonishment about being careful about not creating your own worst fears.

     

    On the other hand, they've sunk so much $$ already, and talked publicly enough in the annual Sustainability Reports that surely they would want to have SOMETHING to show for all that effort.

     

    But while the project is huge for us, for NSC not so much ...

     

    they seem to be putting more effort lately in the CNG tests ... at the least the Tender unit has been shown in Altoonworks pictures making progress recently.

     

    Best I can come up with (and I know it's weak) is maybe some key person is on vacation for a couple of weeks :-(

     

    </End Rank Speculation ... hey there's nothing much else to do>
    5 Aug 2014, 09:19 AM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    WTB, yer gonna need a bigger TFH!
    5 Aug 2014, 11:03 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    WTB, I thought that was Gibson Barbee and the family pig at pool side singing "Boots and Pants". Vacation confirmed, err, maybe.

     

    Or is it time for the NS 999 to have a gov-mint holiday? "Lec-trick Loco" day? If so we Axionistas should be invited for at least half the day!
    5 Aug 2014, 11:33 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    Here's another grasp at a straw ...

     

    it was in the test shed, but the computerized testing failed ... either a NS-999 issue, but perhaps more likely a failure in the TESTING software

     

    stuff like that happens all the time ...

     

    so they moved it out of the test shed while they find someone to work on the test software ...
    5 Aug 2014, 09:24 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    failure may be the wrong term ... maybe enhancements became "obvious."

     

    NS-999 is after all unique for their testing environment.

     

    Maybe somebody woke up in the middle of the night with a eureka moment (even if it reeks for us)
    5 Aug 2014, 09:31 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >wtblanchard ... I believe that Norfolk will get NS999 into the field for testing. Another speculative stall point might be installation of charger points within the operations area. I know the NS999 v.1.0 had one charger location but I don't know if that can service NS999 v.2.0 or needs modification. Either way I think that Norfolk needs to find out if the system works or not.

     

    Now if I were NSC I'd not be thinking that battery powered switchers were a good deal even if NS999 exceeds all expectations. The vendor is very weak and probably not reliable for supply of THE key component. Better to wait on that decision until the technology is in stable hands. Same problem that I think BMW had. Promising technology with unstable supply chain. As weak as Axion is (& possibly remains) the absolute best thing that could happen would be finding a manufacturing partner, but I've thought this for years now. The blow up with Exide Technologies was, in my way of thinking, the biggest setback Axion has ever sustained.
    5 Aug 2014, 09:54 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Without that blow-up Axion would either be a unit of Exide or entirely dependent on some sort of partnership with Exide. In either case it would be unlikely to survive the Chapter 11 that has Exide trading at a market cap of $17.6 million.
    5 Aug 2014, 10:02 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >JP ... I'm not going to play the "What If" game about the particulars of the Axion & Exide relationship because from the little I do know it was a bad deal for Axion from the git-go. Still my point is that Axion needs a manufacturing partner, hopefully more than one, that is more financially stable and is seen by Tier 1, Fortune 500 customers as reliable enough to do business with. Axion, as it stands today, is not that supplier.
    5 Aug 2014, 10:19 AM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    Or maybe they took the NS-999 for a spin and put it back, and Mr. AltoonaWorks didn't see it.
    5 Aug 2014, 10:44 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    DRich> I can't disagree with your assessment that Axion needs far more capable manufacturing partners than it has, but developing those partnerships without selling its soul was always a primary strategic goal.

     

    It's easy to forge partnerships if you're willing to walk away with a pittance like so many companies have done over the years. It's much tougher to get full and fair value for your contribution.

     

    Some things in life can't be rushed, particularly if the counter-party thinks he can squash you like a bug or simply outlast you.
    5 Aug 2014, 10:51 AM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Of all this rank speculation, DRich's notion that delay may be due to installation of new charge stations seems most plausible.

     

    Whatever system they had in place to charge #NS999 v1.0, they were charging AGM's. That charger would be a trickle charger compared to the current capacity of a charger designed for strings of PbC supercabatteries.
    5 Aug 2014, 11:09 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (3119) | Send Message
     
    wtb - Nope.

     

    Testing the 999, at this point, is just like any other slug. Push cars around all day. Refuel, err, recharge. Repeat.

     

    The engineers in charge of testing probably are totally ignorant of the APC hysteria.

     

    Other projects are more important to them. They'll get to it when they get to it. Eventually. Or not.

     

    "You want me to fix your slug that broke down last week and you need NOW, or you want me to play around with management's greenie experiment that might or might not work in a few months?" [Question has been repeated every month or two for several years.]
    5 Aug 2014, 11:17 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    Charger points is interesting, but Geez, nobody foresaw that coming?

     

    Surely SOMEBODY at NSC knows how to use a PERT chart :-(

     

    Sure I'm biased, but I think that's much more predictable than testing shed software issues ... either "failure to communicate" or oops ... we really need to test this ... especially if we dare think they're looking "down the road" at testing OTR units as well in the the "shed."

     

    http://bit.ly/MJgw4T
    5 Aug 2014, 11:25 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    >RK

     

    Nope. I'm told every engine type has its own testing computerized program. While I agree that many functions are exactly the same, surely you would agree that there are a number of subsystems in the NS-999 that are unique and deserve special tests. Reliability on the road is after all an important requirement.

     

    If they're developing (or institutionalizing the research department knowledge) for "test engineers", there's new code to be written and debugged. I wrote code for a living. Even simple stuff or "trivial upgrades" to "cut and paste" from similar software somehow encounters long buried bugs from slightly different environments or test cases you didn't expect.
    5 Aug 2014, 11:36 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    >RK but, sadly, I agree on the priority stuff
    5 Aug 2014, 11:38 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    SMaturin, If waiting on charge stations is the hold up for getting the NS 999 rolling Gibson Barbee is a fool or NSC could care less about the NS 999 program. Pick your choice. I can't buy it unless it's the latter of the two possibilities or neither.
    5 Aug 2014, 11:44 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    The market capitalization of XIDEQ as it relates to the common shares has nothing to do with the viability of specific assets and the ongoing operations of these assets at Exide. It is merely a reflection of ownership of these assets and we all know who will be last in line.
    5 Aug 2014, 11:50 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    to continue beating a dead horse, but to combine with the "priority call" vein ...

     

    we might have had our shot in the test shed, but if there were problems (in any number of ways for either NS-999 or the testing software), getting REscheduled in the test shed even with a relatively quick fix, could be harder or slower than we imagine ... hence it sits nearby waiting ...
    5 Aug 2014, 01:28 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Charging station already worked on:

     

    >>
    The Altoona Works ™ ‏@altoonaworks 1h
    @KKermudjin I've been told the charging station in the yard already got some work done to it.
    <<

     

    I like the responsiveness of @altoonaworks to our questions. Strike that speculation.
    5 Aug 2014, 02:09 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    JP, If AXPW had received the $30 million in grant money it should have gotten....there wouldn't have been a PIPE deal.
    It was very poor mgt. oversight on the contract. and it cost AXPW dearly.
    5 Aug 2014, 02:39 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Unfortunately the DOE awarded the grant to "Exide with Axion Power," not "Exide and Axion Power." That single word made all the difference in the world and relegated Axion to entourage status in Exide's eyes. Since the guys who distributed the money didn't see fit to raise a stink, there wasn't much Axion could do but pick itself up, dust itself off and move forward under its own steam.
    5 Aug 2014, 02:49 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    I agree that Exide was the wrong partner but they were not the wrong category of partner for Axion. The nature of the contract with a partner and the attitude of your partner with regard to the possible cannibalizing of their existing sales is critical. Axion has with their current business model the added challenge of needing multiple partners, all manufacturing similar products and all competing for the same markets and all presumably buying similar carbon electrodes from Axion. That is not an easy business model to put into practice and sustain and only a handful of companies having ever made it work.

     

    Perhaps DDG has a new business model in mind and has landed the partner needed to make it happen. One can only hope and wait for Axion's disclosure of their plan, but uncertainty is not good for any share price and especially not for the owners of 'penny stocks' that once sold for dollars.

     

    Time is not a friend to Axion and it's shareholders in this situation and DDG must move quickly or the existing shareholders continue to get hurt badly. The share price has dropped 50% in this last month due to uncertainty and could easily drop another 50% if that uncertainty continues.

     

    The fall in the share price at the time of a major funding effort is a "double-whammy" for the existing shareholder. The paper loss is bad enough but the resulting huge increase in dilution to raise N dollars causes even greater resentment and pain.
    5 Aug 2014, 03:16 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2851) | Send Message
     
    ii - then the obvious move is for an investor to pick up two companies valued at less than $20million each, throw off the junk and start making PbC's - oh yes, I forgot, we still need an ultimate customer (as well as the "qualified" high volume mfgr, even if that is a new Exide).
    5 Aug 2014, 04:52 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    NJB, That would make sense if anyone could do it. The issue is that Exide Technologies is valued at a price far far higher than the value of the common stock would suggset. The common stock holders do not control the asset. In addition Axion Power is controlled buy the BOD. They might not want to sell so it would require some level of convincing common holders to sell at a certain price. I'm guessing the Axion price might be far lower today vs before the last raise. Just a guess though and it would depend on possible multiparty interest. Oh and what DDG thinks he can turn it into.
    5 Aug 2014, 05:04 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    In the FWIW department, I found the $0.19 per share limit in yesterday's Form 8-K intriguing because my experience with funds is that they want to invest privately for 50% of what they think the market price will stabilize at over the short-term. The thinking seems to be that sitting tight is rarely a problem if you can show your boss a double on paper. It's a weak assumption at this point, but I think there's a reasonable chance that the financing negotiations have focused in the $0.095 range.

     

    The last clear example was the 2009 placement that went off at $0.57 and resulted in a stabilized price of $1.15 in Q1-10 that held until the dueling trustees drove the price into the dirt.
    5 Aug 2014, 11:11 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    NITE bids 610K @ $0.085, so they apparently weren't taken yesterday.

     

    HardToLove
    5 Aug 2014, 11:13 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >JP ... I think that Axion might have to settle for a pittance to remain an independent entity while higher margin/low volume markets develop. To date, Axion has not been very effective in developing a sustaining revenue stream for a host of reasons we all know only too well. If this coming financing is only enough to keep the lights on, with or without an up-listing, I see the coming year as Axion's last hurrah as a stand alone entity and market development will have indeed outlasted their ability to wait it out. Without production there is no reason for Axion. The PbC itself is another matter. I think it will survive.

     

    My Customer No. 1 milestone has been attained but the level of activity from this will not be sustaining near term or, likely, long term. I was actually hoping for a larger consumer of electrodes to be No. 1. So goes the war.
    5 Aug 2014, 11:26 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Axion's value is inextricably linked to the perceived value of the PbC. If the PbC has to duke it out for years without establishing clear superiority in a substantial niche it may only be worth a pittance. If the PbC wins the heart of an automaker or a diesel engine manufacturer, or if ePower develops serious traction in Class 8 trucking, then the complexion of future negotiations with potential partners will be very different.

     

    If you walk in the door of a JCI with nothing more than a patent and some test results the response will be "go away kid, you bother me." If you walk in the door with patents, test results, a juicy market niche and a new customer, even the jaded will pay close attention.
    5 Aug 2014, 11:44 AM Reply Like
  • nakedjaybird
    , contributor
    Comments (2851) | Send Message
     
    DRich - re. your statement "To date, Axion has not been very effective in developing a sustaining revenue stream for a host of reasons we all know only too well." should read "for a host of reasons we know very little about".

     

    Best I know, the NDA's basically provide reasons or basis for what we don't know, as does "what is none of our business" from a company's own best self interest (survival?).

     

    The stockholder "entitlement-mentality" has it's limits of authority and control; much noise sometimes yields unwarranted appeasement; but only from or with the weak and bleeding-heart warm-fuzzy firms.

     

    A valid axiom remains: don't disclose your plans to your enemy.

     

    A second axiom remains: your customer is always right, and if he is not, try to please or appease him, regardless, if at all possible (ie., the risk is minimal).
    5 Aug 2014, 12:34 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2851) | Send Message
     
    The most wondrous scenario would be a bidding (funding) war for AXPW by B&W, NS, Cummins, and PNJ (or equivalents) to drive the stock price up, for even a minority position of 49%; each customer knows the value of the PbC for themselves. What better buyer(s) or funders than the one(s) that know the payoff potential.

     

    And for any of those potentials funders, the level of funding required is a drop in a bucket, even the speculative bucket if you will (because we all know the result is beyond speculative!).

     

    Exide knew, and misplayed it's card.

     

    The new battery guy???

     

    The new funder, period???

     

    Is there any fear of losing out there? Not yet.
    5 Aug 2014, 12:48 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >nakedjaybird ... OK, you probably are right to correct me on that. In these Concentrators we might have glossed over, come close to, been absolutely correct or completely wrong with our speculations on the particulars of cause & effect with respect to Axion's actions or lack there of. So many aspects have been devolved to the point of tedium that sometimes I misconstrue nonsense for knowledge. My bad.
    5 Aug 2014, 01:08 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Presumably (b/c the carrot was dangled in front of us before the last financing was taken), there was a strategic investor at one point that wanted in. However, if the speculafacts are correct at the last minute, they wanted 60% of the company.
    5 Aug 2014, 01:37 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    Stevan,

     

    That is fiction!
    5 Aug 2014, 02:30 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    You mean a material misrepresentation to investors? What proof do you have to back that up?
    5 Aug 2014, 02:38 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2851) | Send Message
     
    PS - to emphasize my last point "Is there any fear of losing out there? Not yet." -

     

    Well, some stockholder fear of losing has been exhibited in selling the stock, but most of the selling has been for selfish and greedy reasons regarding funding deals gone bad or so designed.

     

    However, stockholder fear of losing by not being on the bandwagon certainly needs a trigger point, real or not, and we may have already had several of those false starts or blips.

     

    But ownership/funding fear of losing by missing a great business opportunity we have not yet seen; AND THAT IS WHAT WE NEED.

     

    Bootstraps are not possible here.

     

    Can AXPW create something from nothing? The answer is NO.

     

    But can AXPW create something from something? The answer is YES, with help; namely funding and a customer
    (duh!).

     

    Now, if that comes in one package, great. Such an arrangement is a win not only for that customer, but also from all the other potential funding/customers that lost the funding/ownership opportunity and remain a customer only.

     

    On the other hand, a friendly, accommodating shark willing to settle for a portion of a meal and a decent portion of a win-win also works as strictly a financial arrangement.

     

    Partnerships work best when they are friendly and appeasing.

     

    Losing a potential partner sometimes causes a fear of losing that demands action and that is mostly determined by their skin that is in the game, or their skin that is not going to be in the game.
    5 Aug 2014, 03:18 PM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    Funny how a few years ago we were so confident we had uncovered a gem no one had heard of. Now, we are desperately trying to salvage ANY value out of this company that no one has ever heard of...

     

    Axion has been a painful learning experience, and it hopefully be my last !
    5 Aug 2014, 12:23 PM Reply Like
  • growsmart
    , contributor
    Comments (165) | Send Message
     
    And your last comment hopefully?
    5 Aug 2014, 01:04 PM Reply Like
  • Amouna
    , contributor
    Comments (2000) | Send Message
     
    probably not.
    5 Aug 2014, 02:11 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    Tweet updated w/reply to question from

     

    Stinjiyole Kermudjin ‏@KKermudjin 2h

     

    (with a clever moniker like that, has got to be one of us, right?)
    about the charger

     

    http://bit.ly/1v7a2Bu

     

    "I've been told the charging station in the yard already got some work done to it."
    5 Aug 2014, 01:17 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Guilty as charged.
    5 Aug 2014, 02:15 PM Reply Like
  • micmac1
    , contributor
    Comments (97) | Send Message
     
    I just do not understand why the concentrator is so negative.
    The stock is down but: NS999 is late, that pretty normal, but on track; ePower is going a lot quicker than I believed possible, clearly everybody would have liked a cab on test by a major operator by now, but this was a dreams not an investment decision; frequency regulation is VERY slow to obtain a foothold but going forward.
    I am very disappointed from the silence of the new CEO but I hope he will present his vision at the next conference.

     

    The main "danger" is a dilution still Axion market value is INCREDIBLY low, if we double the number of shares when market vaule goes back to realistic levels we will have a multi bagger. The IP value for sure exceed today market value, I do not know how much NS or ePower have invested in PbC releated products but if PbC disappears from the market they are in for a big loss.
    BTW: I do not believe NC is in for another flop.
    AXION silence is difficult to stand, but that is mostly because this concentrator is so incredibly active that every week witouth true new seems an year.
    5 Aug 2014, 01:23 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Micmac1: I think we used to be more patient, but over time we became less patient.

     

    Maybe stress worrying about what's not going to happen next when it was supposed to does that.

     

    HardToLove
    5 Aug 2014, 01:30 PM Reply Like
  • D-inv
    , contributor
    Comments (4807) | Send Message
     
    "I just do not understand why the concentrator is so negative."

     

    micmac1 ... We broadly share the sentiment you express while differing greatly on rationale. New CEO, Chairman now unequivocally in full control; TG is gone and no longer positioned to screen or directly bias corporate decisions going forward.

     

    Regarding "silence of the new CEO", one might consider "actions speak louder than words." Axion decks have been cleared of debris from the last financing exercise. PIPErs are now common equity shareholders; they hold no remaining senior claims on Axion. The subordinated convertible note has been restructured with incentives for new money investors to conclude negotiations of financing terms before end-September. There is no evidence of any deterioration in business prospects since, or due to, change in leadership.

     

    FWIW, I used a bit of "dry powder" today to add AXPW shares and expect to add more in coming days.
    5 Aug 2014, 04:52 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2298) | Send Message
     
    @growsmart. Was that comment directed at HTL?
    5 Aug 2014, 05:04 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Micmac1> If Axion is close to completing a financing the new CEOs hands will be tied by circumstances beyond his control. Investors who are getting ready to make a funding commitment will immediately walk away from a potential investment if the company begins engaging in promotional activities that are likely to boost the stock price and make the terms of their investment less advantageous. One commenter said that Mr. DiGiacinto referred to a quiet period in a phone conversation with him, which suggests that a deal is imminent.

     

    Mr. DiGiacinto will have his first reasonable opportunity to address the stockholders in less than two weeks. Since the poor guy has only had six weeks on the job it seems reasonable to give him a little time to develop a vision before expecting him to explain that vision.
    5 Aug 2014, 05:22 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    "Mr. DiGiacinto will have his first reasonable opportunity to address the stockholders in less than two weeks. Since the poor guy has only had six weeks on the job it seems reasonable to give him a little time to develop a vision before expecting him to explain that vision."

     

    I really hope he takes that opportunity and runs with it.
    5 Aug 2014, 05:27 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2298) | Send Message
     
    @growsmart: Nevermind... looks like your comment was deleted anyway.
    5 Aug 2014, 08:29 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    There is a huge difference between "activities that are likely to boost the stock price" and doing something to stop a precipitous downslide in the share price from $0.16 to $0.08 or lower that has occured all because of shareholder uncertainty. No new partner worth their salt would want to be taking unfair advantage of the existing shareholders in such a way and no CEO should stand for that taking place.

     

    DDG has an obligation to existing shareholders and that obligation includes dealing with this drop in share price that has been caused by management's deafening silence. Any deal based on a share price of AXPW under $0.15 is a bad deal and after this PIPE disaster we shareholders are not in the mood for yet another bad deal.
    5 Aug 2014, 09:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I understand your position and find your thinking naive.

     

    The stockholder base is clearly concerned about whether a financing will be arranged and what the terms will be. The only thing management can do to quell those fears is close a deal. Management actions to boost the stock price that would, by transitivity, jeopardize a potential financing would be gross incompetence.
    5 Aug 2014, 09:31 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    I am the furthest thing from naive that you will ever meet . True leaders understand their responsibilities and they find ways to fulfill those responsibilities. The kind of communication that is needed here is not impossible and in fact the 8-Ks that have already been filed offered an opportunity to include some quieting information and no those documents are not as strictly controled as you may now wish to tell us.

     

    The press release about DDG's comming to office could also have been far more informative and upbeat.

     

    John, there is no reason and no defence for this highly damaging lack of communication that is killing the share price - none.
    5 Aug 2014, 09:44 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    "The only thing management can do to quell those fears is close a deal"

     

    This statement is so untrue and you the "master of PR" know better than anyone just how untrue it is.

     

    Please stop defending the indefensible.
    5 Aug 2014, 09:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I have never defended Axion's PR policies because they may well be the worst I've ever seen from a public company. I have, however, seen desirable and prudent investors walk away from deals at the last minute because management did something stupid like trying to boost their stock price on the eve of a closing. When your book falls apart for any reason you're back at square one and that's a risk no sane manager would ever take.
    5 Aug 2014, 10:04 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    1 - These negotiations have been going on for months and the share price has been in the $0.14-16 range for all of that period so getting it back to where it belongs is not "boosting" the share price by any means in the eyes of all who have been involved in making this deal from the beginning.

     

    2 - I would not expect DDG to do something "stupid" as you say. In such situations DDG would have to discuss the communications that are necessary with the other party in these negotiations and win their understanding and support for whatever he might do.

     

    Yes the appropriate communications to AXPW shareholders is possible without jeopardizing the deal.
    5 Aug 2014, 10:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Have you considered the intellectual dishonesty of a rish comment history that does nothing but relentlessly trash former management for policies you perceive as failures and then, when your non-stop bashing seems to be having the desired effect, whining that a brand new CEO who entered the game under incredibly difficult circumstances isn't doing enough to offset the damage you and your ilk have been fomenting for months?

     

    From where I'm sitting it's just another example of the classic truth that "you can't always get what you want but you always get what you deserve."
    5 Aug 2014, 10:30 PM Reply Like
  • PbC Believer
    , contributor
    Comments (258) | Send Message
     
    John,

     

    When you run out of defenses you predictably get personal but I will bite my keyboard and resist delving into your long history of past actions and inactions and the many criticisms that I might list in their regard.

     

    Let's try to stay focused John and stick to this immediate and highly critical issue of the AXPW share price nose dive caused by shareholder uncertainty stemming from a deafening lack of communication.

     

    On this issue there is no time to "wait and see", it is something that must be done now and DDG must recognize that fact. He took on a tough job and he is deserving of everyone's support but this action can't wait.

     

    Ta Ta - I'm off to bed.
    5 Aug 2014, 10:47 PM Reply Like
  • isthisonebetter
    , contributor
    Comments (385) | Send Message
     
    PbCB,

     

    I think naive actually defines you pretty aptly. Carry on in blissful, willful ignorance.
    5 Aug 2014, 10:50 PM Reply Like
  • D-inv
    , contributor
    Comments (4807) | Send Message
     
    "relentlessly trash former management for policies you perceive as failures and then, when your non-stop bashing seems to be having the desired effect, ... offset the damage you and your ilk have been fomenting for months?"

     

    Your attribution of "damage" causality is ass backwards, John.
    5 Aug 2014, 11:31 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2770) | Send Message
     
    No it's not backwards, or else there wouldn't be jobs for bashers.
    6 Aug 2014, 12:18 AM Reply Like
  • Stilldazed
    , contributor
    Comments (3697) | Send Message
     
    PBC,
    Get a life.
    6 Aug 2014, 04:34 AM Reply Like
  • dance621
    , contributor
    Comments (205) | Send Message
     
    I am with PbC on this one. This funding round has not come as a surprise to management. Q3 14 has been earmarked for almost a year. So congrats to them on managing to instil fear and panic in their loyal shareholders.

     

    I do not think that suggesting management could have completed a deal without this panic and price slide is naive. I would like to go on record as being naive also because in my naive way I would have a) found funding after the powercube sales b) not left it to the last minute c) not issue an 8k offering all your IP to extend a 800k loan - how desperate does that look.

     

    I am sorry TG is sick. I really am. It is terrible news. But DDG could be a breath of fresh air for axion. And someone else making the big decisions can't be a bad thing.
    6 Aug 2014, 05:15 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (3951) | Send Message
     
    PBCB stalker-troll:

     

    Accusing John of getting personal and then threatening him with "delving"? You have just taken made the shortest case for yourself being a hypocrite.

     

    You're exposing yourself; it's embarrassing.
    6 Aug 2014, 05:28 AM Reply Like
  • kevin lemm
    , contributor
    Comments (164) | Send Message
     
    Let me see if I got this pathetic argument right. Whiner says stock price has decreased too far and Axion needs to do something. Rational guy says that would be nice but is pretty sure there is nothing they can do. Angry guy says NO your wrong they need to do something NOW! I would do something if I were the ruler. Now I'm going to bed. Whiner guy, The fact that you are disappointed with the current state of events and you think you could do better really isn't very usable information. It's a long road to wisdom and a short one to being ignored.
    6 Aug 2014, 06:37 AM Reply Like </