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  • SMaturin
    , contributor
    Comments (2305) | Send Message
     
    Hmmmm...

     

    I gotta mud wrestle all alone?

     

    Where are all the bikini clad chicks?
    7 Aug 2014, 04:53 AM Reply Like
  • kevin lemm
    , contributor
    Comments (138) | Send Message
     
    New mud wrestling pit. I like the sense of humor. Nothing like a clean slate to hit the reset button.
    7 Aug 2014, 07:27 AM Reply Like
  • RuggedDC
    , contributor
    Comments (423) | Send Message
     
    How 'bout some bears…?
    7 Aug 2014, 05:04 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    08/06/2014: EOD stuff partially copied from blog (up now).
    # Trds: 22, MinTrSz: 100, MaxTrSz: 40000, Vol: 120924, AvTrSz: 5497
    Min. Pr: 0.0901, Max Pr: 0.0980, VW Avg. Tr. Pr: 0.0930
    # Buys, Shares: 10 79050, VW Avg Buy Pr: 0.0937
    # Sells, Shares: 12 41874, VW Avg Sell Pr: 0.0918
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1.89:1 (65.37% "buys"), DlyShts 48450 (40.07%), Dly Sht % of 'sells' 115.70%

     

    The very low volume would make all traditional TA commentary end with “but the low volume suggests little weight should be given ...”, so I'll leave it at that today.

     

    Yesterday I noted an improved buy percentage and VWAP on lower, but still quite reasonable for us, volume provided the possibility that support would materialize and hold and prove to be stronger than the $0.10 price.

     

    Today offers the first suggestion it might work out, but for the very low volume. That volume is unreasonable, even for us. So assessment must go on hold until either time or volume, or both, give us better clues.

     

    No sign of the 600K bid today.

     

    We had outliers at the high end of the price range today. Two trades far out of range occurred. At 15:39, 5K was bought for $0.1080, and at 15:43 700 shares sold for $0.0970. The next lower price was $0.0940 for 10K and then $0.0938, $0.0937, ... all with some volume and within a “normal” progressive range.

     

    Today's low, high, VWAP, trade volume, and daily short sales moved 5.88%, -2.00%, 00.27%, -83.47% and -69.30% respectively. Price spread today was 8.77% vs. 17.51%, 29.26%, 14.36%, 5.84%, 8.70%, 16.32%, 25.74% (23.76% if $0.1250 used as high), 20.82% and 6.22% on prior days.

     

    Using $0.094 for the high, the movement of the high price would be -6.00%, rather than the reported -2.00%, and the spread for the day would be 4.33%, rather than 8.77%.

     

    There was only one larger trade, a 40K buy for $0.0935.

     

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

     

    HardToLove
    7 Aug 2014, 05:24 AM Reply Like
  • dlmca
    , contributor
    Comments (389) | Send Message
     
    DDG month 1 anniversary tomorrow I believe

     

    Has the next CC been scheduled and confirmed?
    7 Aug 2014, 06:03 AM Reply Like
  • axion-nl
    , contributor
    Comments (181) | Send Message
     
    The Altoona Works ™ @altoonaworks · 3 uur

     

    999 hasn't just been sitting there, it's been getting work done to ensure it's ready for testing in the yard.

     

    0 keer op gereageerd

     

    The Altoona Works ™ @altoonaworks · 3 uur

     

    999 still sitting west of the test shed. It's been charging.
    7 Aug 2014, 06:25 AM Reply Like
  • axion-nl
    , contributor
    Comments (181) | Send Message
     
    http://bit.ly/RJnpDI looks like NS999 is finally getting ready to perform! Bring out the champagne!
    7 Aug 2014, 06:26 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    Good to know it's getting work done and not just sitting around.
    7 Aug 2014, 09:37 AM Reply Like
  • Kenneth_2003
    , contributor
    Comments (58) | Send Message
     
    "999 hasn't just been sitting there, it's been getting work done to ensure it's ready for testing in the yard."

     

    That can be read two ways. It is getting work done FOR NS or it is getting work done TO it BY NS.
    7 Aug 2014, 10:26 AM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    I thought the same thing, but by the way it's stated I assumed it was doing work vs. being worked on. I could be wrong though!
    7 Aug 2014, 10:33 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Dastar: my interpretation was it was being worked on. This would *seem* to be supported by the tweets Wtb has posted.

     

    I.e. they do not report productive or testing movements.

     

    MHO,
    HardToLove
    7 Aug 2014, 10:43 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2150) | Send Message
     
    Is it too early for a drum roll?
    7 Aug 2014, 11:22 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >Stilldazed ... Unless your wanting to get into the Guinness Book of World Records for longest drum roll, I'd hold off on that for right now. There are still likely weeks to go before rumor of movement is known.
    7 Aug 2014, 11:51 AM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    DRich, care to share some of your thoughts on why this is? Are there internal and government requirements that need to be singed off before the NS 999 can be put into action even in a controlled test environment?
    7 Aug 2014, 12:05 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    No inside info, but I find it interesting that we've seen daily updates for at least 3 days in a row on @altoonaworks.

     

    I could parse Drich several ways depending on how I define (no, not is) weekS and "rumor"

     

    Since NS replied to axion-nl indicating August, that leaves about 24 days.

     

    I place the over-under at the 19th (sadly, just after what would have been the conference call)
    7 Aug 2014, 12:23 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >iindelco ... Nothing special to add. I'm just projecting here the test regime that we use around the shop before we send a new device out into the abusive hands of customers. The NS999 batteries were installed and on-board systems tested. I rather doubt the test shed brought those strings up to full power upon installation. If "Altoonaworks" is correct in saying the loco is sitting by the test shed charging, then I'd bet they are running every algorithm they have against those batteries. In between the batteries need discharging for the next round.

     

    Just for example, remember the maintenance charge Penn State described took 48 hours and I don't know how long it takes verify or how long it takes to safely discharge those strings to make ready for the next charge routine. I can easily think that the Penn State algo could easily take a week to do.
    7 Aug 2014, 12:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I'll take the 13th, the trading day before the planned earnings release.
    7 Aug 2014, 12:30 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Thanks DRich, Makes sense they should run it through a few controlled paces.

     

    Since we're rolling the dice I'll take the 11th. Starts on a Monday and gives them the whole week to dance in close quarters.

     

    Hey, I have to be an optimist sometimes.
    7 Aug 2014, 12:50 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >iindelco ... Another thing to consider is that, much as we want to see if pushing/pulling something, Norfolk might view it sitting by the test shed and charging as field testing. We wouldn't.
    7 Aug 2014, 12:58 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    DRich, True. Plus they could be reconditioning them as Ed Buiel discussed. In addition we know that after about 5 charge/discharge cycles the strings come into better balance per one or more of the presentations we've reviewed from Enders Dickerson. Could be they want them closer to balanced before they put Bp4 in the field?

     

    So we'll have to "Take our licking before we see it ticking". ;-P
    7 Aug 2014, 01:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Iindelco: IIRC correctly, the self-balancing did not require substantial depth of discharge? ISTR they showed what it did in normal use, which would not be 100% swings. So I'm thinking that any initial "balancing algorithm" before use would get done relatively "quickly".

     

    HardToLove
    7 Aug 2014, 01:12 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10507) | Send Message
     
    For months, I've been saying by comment #91,999...

     

    I might get pretty close.
    7 Aug 2014, 01:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    91,318 and counting.
    7 Aug 2014, 04:21 PM Reply Like
  • hschindler
    , contributor
    Comments (25) | Send Message
     
    That would be scribesque
    7 Aug 2014, 04:56 PM Reply Like
  • topcat1906
    , contributor
    Comments (74) | Send Message
     
    We Don’t Need a Huge Breakthrough to Make Renewable Energy Viable—It Already Is

     

    http://bit.ly/1AX6cLK

     

    In the video above, physicist and environmentalist Amory Lovins explains how renewable energy should be able to keep the electricity flowing just fine. We won't need any big technological breakthroughs in batteries or storage technology, he says, or any other huge breakthroughs. All we'll really need is good management and a diverse array of renewable energy production equipment.
    7 Aug 2014, 07:18 AM Reply Like
  • alsobirdman
    , contributor
    Comments (428) | Send Message
     
    I’m in Cincinnati on business this week and yesterday I took a drive over to Florence and spent an hour at ePower headquarters with Jay and the crew. I came away with a much better feeling about my investment in ePower, and consequently also about Axion. I can tell you this; ePower is going to be a very big deal, and they are going nowhere without the PbC.
    I first spent time looking at the big rig. I’ve been building custom cars all of my life and can really appreciate the amount of engineering and fabrication that went into this truck. Everything looks factory. You’d never guess that a couple guys built this in an old warehouse. From the motor mounts to the wiring harness, everything but the battery boxes were made in-house. Those were made by a local welding shop and are nicely made as well.
    Then we looked at the day cab. It’s getting a few upgrades made now to get it ready for the Electric and Hybrid Vehicle Technology Expo next month in Detroit. Again, the workmanship is top-notch.
    Then Jay asked if I wanted a ride. I was as giddy as a schoolboy at a chance at my first ever ride in a big rig. The fact that it is an ePower truck made it that much sweeter. Mario and I hopped in and he started it up. Once the air pressure built up he set the diesel to 1800 RPM and off we went. We had no trailer and I didn’t know what to expect, but I tell you this thing can move. Mario said even with 55,000 pounds in the trailer it still gets to speed faster than a regular truck. I have no basis for comparison, but it seemed very smooth and quieter than I would have thought. We headed out on I75 and cruised along at 70 mph. Again it was very quiet. The automatic transmission shift points were almost unnoticeable. I can see where this truck would make anyone a better driver.
    I would recommend anyone who is an accredited investor to seriously consider getting on the ePower train before it leaves the station. It will be a few years before they really take off, but there is no doubt in my mind that it will happen.
    7 Aug 2014, 07:49 AM Reply Like
  • alsobirdman
    , contributor
    Comments (428) | Send Message
     
    Just noticed I said "will be a few years". I should have said "may be a few years" because once word gets out in the trucking community I'm willing to bet things move very rapidly to get these trucks on the road.
    7 Aug 2014, 07:59 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I'm glad you had a chance to visit. While I'm rarely at a loss for words, I've never felt like my descriptions of the tractor did the tractor justice. Like sex and roller coasters, it's one of those things you really need to experience.
    7 Aug 2014, 08:18 AM Reply Like
  • greentongue
    , contributor
    Comments (964) | Send Message
     
    Hopefully the ePower truck will make a big splash at the Electric and Hybrid Vehicle Technology Expo next month in Detroit.
    7 Aug 2014, 08:28 AM Reply Like
  • geopark
    , contributor
    Comments (321) | Send Message
     
    Great post alsobirdman,

     

    Thanks for the update from what I consider the one 'pretty darned secure' front line and congratulations on your big eRide.
    7 Aug 2014, 02:29 PM Reply Like
  • rhyse12
    , contributor
    Comments (195) | Send Message
     
    The entire "accredited investor" thing enrages to a point where I piss blood. This is not a shot at any individual or company.

     

    But it is pure "gaming the market" tripe that has cost me a ton of money- because my green is just as green, I just don't have enough of it because I spend it on other things. Not just e-power, but other investments. This is investing in companies- not a poker game with a set "buy in". Who sets the accredited investor limits? Wait, I gotta pee again.
    A little less effort on determine who can play in the game, a little more time on keeping the game honest.

     

    I would love to own a chunk of E-Power. Since I can't I collected another large block of AXPW while it touched single digits.

     

    Sorry- the whole accredited investor thing makes me insane.
    7 Aug 2014, 04:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The SEC created the "accredited investor" concept and they write the rules. I just follow them. Private company investing is a very binary process where a complete loss is far more common than a significant gain. It's also a process that offers virtually no liquidity unless you're able to find a take-out investor and willing to sell at a distressed price. When I was a baby lawyer you had to be rich or smart to participate in unregistered offerings. Since many promoters played games with their definition of smart, the SEC decided to simply use rich as a bright line standard. They're just trying to protect people from themselves.
    7 Aug 2014, 04:53 PM Reply Like
  • ARGE
    , contributor
    Comments (724) | Send Message
     
    rhyse12, yea tell it to my oil <sic> well.
    John,
    Can an LLC be formed where the members together reach the limit of "accredited investor"?
    i.e.. 5 people each worth $200,000 or 10 people making 20,000 a year?
    7 Aug 2014, 06:38 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    If an entity is formed for the purpose of making an investment, all members of the entity have to pass the accredited investor test. This safe harbor is critically important for companies like ePower that have blabbermouth executives that insist on talking about the company in a public forum. The discussion is OK if we only take subscriptions from accredited investors, but it would be enough to bust our exemption if we were taking subscriptions from non-accredited investors.
    7 Aug 2014, 07:24 PM Reply Like
  • ARGE
    , contributor
    Comments (724) | Send Message
     
    Wish me luck on this weekends lotto, then.;-)
    8 Aug 2014, 12:54 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (2266) | Send Message
     
    alsobird> Is there a trip meter mpg readout? Any idea what mileage you got?
    9 Aug 2014, 07:34 PM Reply Like
  • alsobirdman
    , contributor
    Comments (428) | Send Message
     
    No, I did not see any kind of readout indicating mpg, but it would have been somewhat meaningless anyway since we were bobtailing. The proof will be in the pudding as they say, when we start hauling some real freight. I can say that Mario is very positive, and he has put many thousands of miles on the rig.
    9 Aug 2014, 09:09 PM Reply Like
  • Retired Aviator
    , contributor
    Comments (2266) | Send Message
     
    Thanks alsobird. My thoughts on ePower's model generally paralleled your takeaway from that hour though I was guessing since I've seen nothing with my own eyes. That the in house fabrication of a few guys could be so good is not something I expected and is great to hear.

     

    I was able to buy shares non-accredited when that window of opportunity existed before the selling shareholder became a Director which closed the window (COI).

     

    My guess is that trade shows won't generate that much excitement but real world truckers getting some 30% better fuel economy certainly will. Barring unforeseen reliability or longevity issues I don't see how ~30% better cost performance on a trucker's biggest expense can not be a winner. As in many things the grapevine can go viral and be the best advertising that money can't buy.
    10 Aug 2014, 12:09 AM Reply Like
  • greentongue
    , contributor
    Comments (964) | Send Message
     
    There are some here that doubt that 30% number as too good, for the system as they imagine it.
    I find it more doubtful that 2 companies would stake their survival on a number that will soon be able to be validated by impartial 3rd parties, truckers.
    10 Aug 2014, 08:15 AM Reply Like
  • rhyse12
    , contributor
    Comments (195) | Send Message
     
    "Since many promoters played games with their definition of smart, the SEC decided to simply use rich as a bright line standard. They're just trying to protect people from themselves."

     

    I know John, just venting frustration at a silly line in the sand based on wealth.. it is a bad rule, often worse then no rule.
    11 Aug 2014, 02:10 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    topcat, I think that a large majority of the American population agrees with the point of that video without even having to get into the technical and logistic issues. The minority view is sustained by the very wealthy and powerful fossil fuel industry. It is the mindset that is changing with each new generation toward renewable and efficient use of our energy. This bodes well for Axion and the storage and the FR industry going forward.
    7 Aug 2014, 07:49 AM Reply Like
  • D-inv
    , contributor
    Comments (4219) | Send Message
     
    Masi ... Whether a majority of the American population agrees with Amory Lovins' point of view is disputable at minimum and downright doubtful IMO. And my view has nothing to do with "very wealthy and powerful fossil fuel industry." OTOH, I have a high degree of confidence Amory Lovins' point of view is strongly motivated by robust consultancy fees and attraction of monetary gifts/grants to his institute.

     

    Conservation of finite natural resources to help provide for future generations is ample justification to develop technologies with greater energy productivity and cost-effective alternative energy technologies.
    7 Aug 2014, 10:28 AM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    D-inv, are you living in a cave? You wrote...."Whether a majority of the American population agrees with Amory Lovins' point of view is disputable at minimum and downright doubtful IMO."

     

    Read this please.

     

    "Despite the nation's newfound abundance of fossil fuels thanks to the so-called "Shale Gale," Americans still overwhelmingly support more development of alternative energy, according to a new poll.

     

    Three-in-four Americans want the United States to pursue more solar energy according to Gallup and another 71 percent favor further development of wind power. Far fewer prioritized the expansion of oil production (46 percent) and nuclear expansion (37 percent), and less than one-third of respondents supported ramping up coal production."

     

    http://bit.ly/V1OuFM

     

    Obviously Americans think renewable forms of energy can handle it. What have you got against the Smithsonian Institute or Amory Lovins?

     

    "Amory B. Lovins (1947– ), an American consultant experimental physicist and 1993 MacArthur Fellow, has been active at the nexus of energy, resources, economy, environment, development, and security in more than 50 countries for over 40 years, including 14 years based in England. He is widely considered among the world’s leading authorities on energy—especially its efficient use and sustainable supply—and a fertile innovator in integrative design and in superefficient buildings, factories, and vehicles.

     

    After two years at Harvard, Mr. Lovins transferred to Oxford, and two years later became a don at 21, receiving in consequence an Oxford ma by Special Resolution (1971) and, later, 12 honorary doctorates of various U.S. and U.K. universities. He has been Regents’ Lecturer at the U. of California both in Energy and Resources and in Economics; Grauer Lecturer at the University of British Columbia; Luce Visiting Professor at Dartmouth; Distinguished Visiting Scholar at the University of Oklahoma; Distinguished Visiting Professor at the University of Colorado; Oikos Visiting Professor of Business, University of St. Gallen; an engineering visiting professor at Peking U.; 2007 MAP/Ming Professor at Stanford’s School of Engineering; and 2011– Professor of Practice at the Naval Postgraduate School."

     

    So, what your saying is because he gets a paycheck he is not to be believed?
    7 Aug 2014, 05:15 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    Another poll,
    April 4, 2013
    "A Texas A&M University National Energy Opinion Poll shows that most Americans are in favor of policies supporting the development of renewable energy sources and energy efficiency, but not if it means increasing the price of gasoline.

     

    According to the national survey, conducted by the Institute for Science, Technology and Public Policy (ISTPP) at the Texas A&M Bush School of Government and Public Service in cooperation with the Texas A&M Energy Institute, 59 percent of Americans support increased funding for research and development of renewable energy sources and 60 percent support tax cuts for companies to develop renewable energy technologies. Additionally, 78 percent of the public strongly favors better fuel efficiency for cars and trucks. However, 68.3 percent of those surveyed are against increasing the price of gasoline to encourage energy savings."....

     

    http://bit.ly/1AYxtgC

     

    Another poll,...

     

    ACORE POLL Shows Midwest & Southwest American Business Leaders Favor Renewable Energy

     

    For Immediate Release—June 25, 2014

     

    New York City, June 25, 2014 – The American Council On Renewable Energy (ACORE) today released the results of a new poll demonstrating strong support from business leaders for renewable energy in America.

     

    The opinion poll was conducted with Global Strategy Group in early June 2014, among 800 business leaders in two regions of the United States (the Southwest and Midwest) on several important renewable energy issues.

     

    Overwhelmingly, business leaders believe that renewable energy technologies are good for their own businesses – Four in five business leaders say that using renewable energy can help their own businesses, and three-quarters say renewable energy will reduce costs for their business over the next 10 to 20 years.

     

    http://bit.ly/1AYxtgE

     

    Another poll,...

     

    Poll finds support for renewable energy
    By Bruce Henderson
    bhenderson@charlotteob...
    Posted: Thursday, May. 22, 2014

     

    Six in 10 North Carolina residents support tax breaks and other incentives for solar energy, says a poll released Thursday by the North Carolina Sustainable Energy Association.

     

    The poll of 803 voters found broad support for renewable energy and for expanding the number of companies that can sell electricity. State law now allows only utilities such as Duke Energy can sell power to consumers.

     

    The poll found that 86 percent of Democrats, 84 percent of political independents and 77 percent of Republicans said the state should seek more alternative energy sources, NCSEA said.

     

    Read more here: http://bit.ly/1AYxvVU

     

    D-inv, I could put up maybe 40 more from all over the country but I put up just a few from right leaning and southern states who are not liberal in any sense but a huge majority of the people are very much in favor of renewables. It is the fossil fuel bought, elected puppets that fight this change tooth and nail and $billions$ in add buys from same fossil fuel giants. As for what I said about the generational shifts, pay attention. The under 40 crowd has had enough of their (fossil fuel industry) lies just as our generation knew and found out about the true dangers of smoking...... So I say again D-inv "This bodes well for Axion and the storage and the FR industry going forward."...:>))
    7 Aug 2014, 05:48 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Masi, not directly applicable but something to think about when you read about the outcome of polls. And the outcome of polls can be very much influenced in many ways depending on the results expected.

     

    "The best argument against democracy is a five-minute conversation with the average voter."

     

    Winston Churchill

     

    I doubt the average voter in these polls is any more astute on the topic being presented to them. ;-D
    7 Aug 2014, 06:08 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    Well, I increased my holdings in AXPW by 4% this week something I said I wouldn't do until after the RS. The announcements made by the Co. this week and the (in my view) unstoppable push for renewable energy and the storage push made me do it. And, I will continue to add to my position going forward. The poll of 800 business leaders makers me pretty sure they are going to invest in the change that is coming. Like I said, it is a mindset. Once that wave takes off I want to be ridding it.
    7 Aug 2014, 06:29 PM Reply Like
  • D-inv
    , contributor
    Comments (4219) | Send Message
     
    "Read this please.

     

    "Despite the nation's newfound abundance of fossil fuels thanks to the so-called "Shale Gale," Americans still overwhelmingly support more development of alternative energy, according to a new poll.

     

    ....

     

    http://bit.ly/V1OuFM"

     

    Thanks for the reference, Masi. I do not recall reading it when published in April 2013. In that time frame people also apparently believed "if you like your insurance plan you can keep it." It is possible I'm mistaken in thinking attitudes have changed materially since that Gallup poll was taken and done so in ways that would produce a different result if the same poll was conducted today. Lending support to my point of view is a more recent Gallup poll (http://bit.ly/1gvNpik) showing much lower concern "over climate change" and "quality of the environment" than for the economy, federal spending and deficit, and unemployment. Another year of de minimus global warming (if not cooling) has passed and increasing numbers of people are aware of that reality. Development of oil and gas bearing shale formations has played a very large and growing role in job growth and U.S. economic expansion over the past few years.

     

    (One might also notice Gallup's March 2014 poll only indicated modest concern over illegal immigration, a result I seriously doubt would be repeated if the poll were taken today.)

     

    ""Amory B. Lovins (1947– ), an American consultant ....

     

    So, what your saying is because he gets a paycheck he is not to be believed? "

     

    Mr. Lovins is an articulate, intelligent, entrepreneur who has chosen to operate in energy efficiency and renewable energy commercial arenas. He understands very well how his bread is buttered and facilitates it. I do not find objectivity and telling the whole truth high priority in Congressional testimony and studies he has prepared/delivered.
    7 Aug 2014, 06:58 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    Only one of the polls I posted was from 2013, the rest were from only a few months ago. I consider that the present. As far as Lovins goes, ""He is widely considered among the world’s leading authorities on energy—especially its efficient use and sustainable supply—and a fertile innovator in integrative design and in superefficient buildings, factories, and vehicles."

     

    I thought that is exactly what Axion's PowerCube is for. Are trucks not considered vehicles? If this guy was pushing or talking about our company I would be doing cartwheels and you would be doing what? Complaining that he gets paid to teach to others about his 40 years of acquired knowledge that is in exactly the same fields that our company is trying to supply. When he was doing his research on renewables we were still fighting the cold war and overthrowing elected Democracies to to confiscate their oil and other resources. We as a country are no longer in that mindset and except for Russia and some African nations, no longer is most of the of the rest world. This is what I meant earlier by the changing of the mindset. To many forces are pushing that change. Why would you invest in AXPW if you don't believe it is happening? Why the degradation of a man who has devoted forty years of his life to help bring on this needed change? Only if it is just to stop the wars for oil and to have a diverse more stable energy supply for our nation. I don't care if you believe that humans pushing trillions of metric tons of CO2 into the closed atmospheric system has an effect on our world climate or not. You or I probably won't be here when the system goes past the tipping point. I do know that the younger generations are fiercely behind renewable energy. Thus my investment in AXPW and a few different type renewable sector (solar) companies. I am investing for future gains not a cold war mindset.
    7 Aug 2014, 08:39 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    I truly believe that Axion Power will be part of the foundation that helps this change move forward. That we are part of, (ground floor) a start-up company that will be a major force moving forward. Akin to the start of the auto industry or the computer industry. Look how long it took those industries to take off. But once they did it was an unstoppable wave. Patients my fellow investors, patients. Imagine how the early investors of Apple felt for ten years. Where is our company on that scale? Seven or eight years? Buy, buy, and buy some more.
    7 Aug 2014, 08:58 PM Reply Like
  • D-inv
    , contributor
    Comments (4219) | Send Message
     
    Masi, my response of 6:58 addressed your comments time stamped 5:15 pm. Your second post referencing additional polls was not seen until after I responded to the 5:15pm post.

     

    Here I will note your claim above that "Only one of the polls I posted was from 2013, the rest were from only a few months ago" is incorrect. Both the poll referenced in your 5:15pm post and the first poll referenced in your second post on the topic were dated in 2013. All other polls you reference directly in your posts in support of your position were sponsored or conducted by renewable energy industry groups (and hence likely more subject to confirmation bias in their favor than other sources).

     

    Additionally, "When he was doing his research on renewables we were still fighting the cold war and overthrowing elected Democracies to to confiscate their oil and other resources. We as a country are no longer in that mindset and except for Russia and some African nations, no longer is most of the of the rest world" is rather emotional and makes a lot of assumptions that 1) not in evidence, 2) clearly political in nature, and 3) more than a little presumptive.

     

    http://seekingalpha.co... is a more appropriate forum for further discussion of renewable energy, energy efficiency, climate change, CO2, etc.
    7 Aug 2014, 09:44 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    edit: got distracted on my previous post.

     

    I was going to say also buy the suppliers of both Axion and E-Power or PJM or our other affiliates. That reminds me, JP, in one of your instablog posts, Jun 08 4:43 PM (titled) Current Update From EPower Engine Systems; There is a line,...."With Marathon's help we have been able to correct several problems with our digital voltage regulator (NYSE:DVR) and raised our power factor from the 0.62 we were seeing last month into the 0.92 to 0.94 range."..... Is the (NYSE: DVR) a typo? I checked out the co. symbol DVR and that co. does not seem to fit what the info in that line is trying to get across.
    7 Aug 2014, 09:50 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    D-inv, how old are you? Did you miss U.S. history from about 1950 until the Berlin Wall came down? Rhetorical. Because it is fact, not assumption and not political.

     

    I only put that in to better explain the change in mindset of the world I was talking about and the push for renewables and thus the investment in AXPW.
    7 Aug 2014, 10:01 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    D-inv, If you don't think the world is changing and making a big push toward renewables... and if you don't think it is long term then why are you invested in AXPW? Are you invested in AXPW?
    7 Aug 2014, 10:30 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    D-inv, I reread your post and I am flabbergasted that you don't know what our own country did from 1950 until..... basically the mid 1990's. That you think I would just make that up. I am literally LOL at what you wrote. Are you a citizen of the U.S.? You don't have to be of course to invest in AXPW. But, a basic/some reason for investing in the renewables sector would be prudent and understanding why and if it will continue, or do you think this is a short term (5 year) trend?
    7 Aug 2014, 10:51 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1732) | Send Message
     
    @Masi: Good luck with your "re-load"... I'm still in wait and see mode.

     

    Although I firmly believe the stock currently sits in "WAY OVERSOLD" territory in the .09XX range... I just can't see how current shareholders will NOT get whacked and clubbed to death (again) with a potential RS and (perhaps) a new listing.

     

    I would love to be proven wrong, though...

     

    One final note: Although I'm very grateful that Mr. Averill has chosen to comment in these concentrators, I find myself asking: why now? And why so soon after he tied his "interests" to the I.P. in the last filing with the S.E.C???

     

    I have thick skin, so feel free to give me an appropriate "smack-down" if I'm way off base here... just thinking out loud...

     

    Opinions welcomed.
    8 Aug 2014, 03:40 AM Reply Like
  • topcat1906
    , contributor
    Comments (74) | Send Message
     
    Occam:

     

    My assumption is that JP and BA are trying to get the hype cycle started. I think there is no chance that Axion will hype its own product.
    8 Aug 2014, 12:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The biggest problem most small companies have is finding a receptive audience when they have something to say. In six years of blogging I've never seen any indication that my words could move the stock price, although they have given rise to a lot of interest among some very smart bottom feeders. While it's fair to suggest that I've helped set the stage and prepare an audience, the critical performance can only come from Axion. I sincerely hope DDG does a good job of creating and communicating a vision because I think that's all the base needs.
    8 Aug 2014, 12:42 PM Reply Like
  • magounsq
    , contributor
    Comments (990) | Send Message
     
    so much for the reset!
    10 Aug 2014, 05:00 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Ahh if it was only so easy.

     

    http://bit.ly/VatZXu

     

    Disclaimer: Intended only to depict the difficulty of changing long standing complex relationships with simple symbols. 8-I
    10 Aug 2014, 05:14 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    SCAQMD funding Siemens test of eHighway overhead catenary system for electric trucks in California

     

    http://bit.ly/1AXsBZg
    7 Aug 2014, 10:20 AM Reply Like
  • dlmca
    , contributor
    Comments (389) | Send Message
     
    Just made inquiry on next CC

     

    Just heard back from DDG

     

    Duncan,
    The release is planned for next Thursday, the 14th of August.

     

    There is no call planned at this time. I am looking at a letter to the Shareholders.

     

    We are also looking at dates for a shareholder's meeting in October.

     

    Regards
    Dave DiGiacinto

     

    I wished him well and suggested we all appreciate how busy he must be
    7 Aug 2014, 11:39 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    Hmmm ... no call at all (saving precious money ?!) or just not yet scheduled?

     

    Catch-22? Keeping quiet till financing done (mid-September?)

     

    Love-fest in October after "avalanche" of long awaited good news?

     

    (definitions of "avalanche" may vary :-) )
    7 Aug 2014, 11:49 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >dimca ... Thanks. Seems things are going in the direction the whiners want but at a pace that make a tortoise look like a Triple Crown contender. Standard for Axion.
    7 Aug 2014, 11:55 AM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Between this and the discussion on the PbC characteristics "sales document" being developed in this form and not having been thought of as a requirement even before Axion was a "commercial entity", all I can do is bite my tongue out of respect to everyone here.
    7 Aug 2014, 11:58 AM Reply Like
  • 481086
    , contributor
    Comments (3442) | Send Message
     
    iinde, in your camp and amen. There is more to that story I expect, but all in due time...

     

    "no call planned" is somewhat disappointing to hear, but then perhaps is properly in keeping with our notion of a quiet period. (IE discretion being {reportedly} the better part of valour...)

     

    Thus a letter to shareholders in lieu thereof will evidently have to suffice for the time being---the advantage of course in such (sensitive) times as these is that message discipline is a lot easier to enforce in a letter than in a conference call, where there is always the chance that anything can happen--that who knows what may get blurted out or otherwise bungled. In any case, at the risk of understatement, I'd say such a letter is *highly* anticipated, and at this point we can certainly hope and wish for it to be substantive...
    7 Aug 2014, 01:00 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    48, Agree with your comments as a whole. I can fully understand the housekeeping that's probably occurring as we've seen the signs. In addition, with the work that needs to get done and the sensitivity involved, I can fully understand, don't need to fully appreciate it, that a controlled communication is fitting. No opportunity for lots of "can't answer that" or worse yet an oops.
    7 Aug 2014, 01:16 PM Reply Like
  • LT
    , contributor
    Comments (5516) | Send Message
     
    I don't buy this "quiet period" stuff. All companies have a cc ... and as to questions "If you can't stand the heat, stay out of the kitchen"

     

    This is the same ole same ole, they don't want to tell you the truth. Much less answer tough questions.
    7 Aug 2014, 01:53 PM Reply Like
  • greentongue
    , contributor
    Comments (964) | Send Message
     
    The current CEO cannot answer for the failing of the previous. Bringing up things that are being addressed "as we speak" is not very productive and may actually do harm.
    7 Aug 2014, 02:37 PM Reply Like
  • mrholty
    , contributor
    Comments (1106) | Send Message
     
    LT-

     

    I agree with you and IIndy and others above. No shareholder CC is a sign that he can't answer the tough questions. I bet he could but I'm guessing we would less like the answers than the silence.

     

    Strangely, from Feb- May I felt worse about my considerable (for me) investment in AXPW. Strangely I feel better with DDG at the helm.
    7 Aug 2014, 03:02 PM Reply Like
  • geopark
    , contributor
    Comments (321) | Send Message
     
    dimca.

     

    The simple fact that Mr DiGiacinto replied to your inquiry (in a timely manner?) is very encouraging, thank you for doing so and for posting.

     

    Although no CC is disappointing, I accept a letter to shareholders as an acceptable alternative. As others have said, easier to control and avoid mistakes, and especially so if there is any truth to the 'quiet period' rumor. What is in the letter will certainly be important . . and tone will be as important as content for my investing $.

     

    7 Aug 2014, 03:04 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1163) | Send Message
     
    How busy can they be? They sure aren't spending their time making and selling PbC batteries. Probably just sitting around like the Maytag repairman waiting for the phone to ring.
    7 Aug 2014, 03:42 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1235) | Send Message
     
    my comment is a productive use of our time.
    8 Aug 2014, 08:37 AM Reply Like
  • Shirleyr
    , contributor
    Comments (117) | Send Message
     
    ngs - I couldn't help myself. Your description here seems to fit your name perfectly. :0)
    8 Aug 2014, 09:01 PM Reply Like
  • dlmca
    , contributor
    Comments (389) | Send Message
     
    I would suggest we are in good hands

     

    Patience needed
    7 Aug 2014, 12:04 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    dlmca - those that are still here have extraordinary patience.
    8 Aug 2014, 10:03 AM Reply Like
  • Bylo-
    , contributor
    Comments (423) | Send Message
     
    I've been patient since 2010. And I have to admit, it's wearing thin!
    This "letter" instead of a conference call could be the straw that breaks the camels back. Mine included.
    8 Aug 2014, 05:39 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    An example of what's been discussed here more than a few times.

     

    ZPower – New product development kit for rechargeable silver-zinc battery applications

     

    "“We want to encourage designers and engineers across many industries to consider ZPower microbatteries for their next design,” said Troy Renken, vice president of product planning and electronics, ZPower. “Our batteries are superior in the areas of performance and environmental sustainability, and our Design Services make it easy for developers to test and implement this game changing battery technology.”

     

    The kit is available to product designers, engineers and developers for applications in any industry that would benefit from a high energy density rechargeable microbattery, says the company."

     

    http://bit.ly/1AXIoY9
    7 Aug 2014, 12:12 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2150) | Send Message
     
    Well, we have been tasked with something that I think we can do in a way that is positive. We all invested b/c we believe in the technology. So I will begin this list with general info that I know (remember off the top of my head).
    Anybody else feel free to amend with any specifics we do know

     

    * super capacitor-like charge acceptance and discharge characteristics.

     

    *thousands of partial state of charge cycles with no (or little) detrimental effects to the battery.

     

    *"king of the string" natural battery equalization that simplifies a BMS.

     

    *a charging algorithm and charger that refreshes the batteries for longer life (thanks Ed B)

     

    *quick response for frequency regulation

     

    I have to go to work now, but this is a start.
    7 Aug 2014, 12:38 PM Reply Like
  • mrholty
    , contributor
    Comments (1106) | Send Message
     
    I really don’t want to piss on anyone’s cornflakes but I’ve learned a little scuttlebutt about the automotive industry in Europe and why BMW and others may not be so quick to adapt start/stop as fast as we’d expect.
    As has been discussed on here in the past there are big jumps in NOx and CO2 reduction requirements coming in Europe in 2017 (I believe). Commonly believed is that start/stop would help automotive manufacturers would use start/stop as part of a larger program to help hit these new requirements. This is all true.
    I recently learned of something that is being worked in Europe that also is working toward this goal and is new to me. Take this for what its worth.
    Many of you are aware that new diesel trucks were required last year to reduce their emissions greatly that come out of the tailpipe. I believe similar regulations are heading toward the Ag industry in the near future as well. These regulations in the US are similar to what happened in Europe a few years earlier. I believe that while many companies looked at different solutions most ended up with a solution where the diesel truck has a second reservoir for storage of DEF/AdBlue which gets added to diesel within the diesel as it runs. My understanding is that the auto manufacturers are very actively pushing a similar solution for automobiles in Europe.
    While this isn’t likely a solution in the US as there a very few diesel autos in the US its interesting to see what the auto guys are working on.
    7 Aug 2014, 03:47 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Since we know that Axion is working on a stop start system for diesel engines and the current crop of diesel engines are already equipped with DEF tanks, I don't think adding DEF systems at the automotive level will change the fundamental drivers for stop-start systems in automotive. Remember, the DEF does nothing for CO2 emissions, which is the prevailing metric in Europe.
    7 Aug 2014, 03:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    If that DEF the stuff that is expensive along with the equipment added to the engine?

     

    HardToLove
    7 Aug 2014, 03:59 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    HTL, I do recall this being discussed in the past. Others here have more knowledge than I on the topic but in the mean time here is an older trucking article that should set the stage for figuring the operational costs for OTR trucking anyway.

     

    Don't Forget to Factor DEF into Fuel Costs

     

    http://bit.ly/V1IAEP
    7 Aug 2014, 04:36 PM Reply Like
  • Billion003
    , contributor
    Comments (266) | Send Message
     
    Isn't AdBlue just a brand name for DEF (Diesel Exhaust Fluid), also generally known as a urea additive fluid. My understanding is that it isn't added to the diesel fuel but to the exhaust.
    Basically, a DEF system allows diesel engines to run leaner overall while greatly reducing the already greatly reduced particulate numbers.

     

    Obviously, not in the same league as the trucking business but my 2011 VW Golf TDI (Occasional 60 mpg) has an exhaust filter that goes into a "re-gen" cycle burning particulates from the filter on a regular mileage-based schedule.
    The VW diesel engine system coming on VW 2015 models , I think, will use a DEF urea fluid system (AdBlue) and will not need the particulate filter. DEF urea systems look to be integral to diesel system for the foreseeable future.
    7 Aug 2014, 04:37 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    I found this.

     

    "Consumer Reports may have discovered why owners of clean diesel cars might feel a bit suicidal from time to time. They recently took a long-term tester Mercedes GL320 BlueTec clean diesel into the shop to have its urea-based AdBlue exhaust-scrubbing fluid refilled, and the results were… eye opening.

     

    The total bill just for adding AdBlue? A stunning $316.99. We were down to 18% full on the additive at 16,566 miles. It took 7.5 gallons to fill the tank, costing an eye-opening $241.50 for the fluid alone. The labor to add the fluid plus tax accounted for the rest. None of this was covered by the warranty… At the current rate and cost of consumption, just the AdBlue itself (without the labor, which would probably be included as part of the routine service) would cost $1,457.80 for 100,000 miles of driving."

     

    http://bit.ly/V1Kmpo

     

    I don't know if you have to go to the dealer so as not to negate the warranty. But in the comments further down I found this....

     

    "I just bought a 1/2 gal bottle of adblue (with the special adapter) from a Massachusetts VW dealer for $8. It’s suited for VW,BMW,Mercedes and Mazda diesels (it has part numbers on it from each of those manufacturers. They also sold a 2.5 gal bottle of adblue without the adapter for $13/I’ve heard that it’s available even cheaper than that (without adapter) at certain outlets."
    7 Aug 2014, 04:48 PM Reply Like
  • mrholty
    , contributor
    Comments (1106) | Send Message
     
    I can't answer the technical stuff and I agree with John that it shouldn't be a holdup with regards to start/stop. My point is that we often focus on our niche and forget about all the other stuff that is tying up resources and time. DEF maybe stealing a lot of resources.
    My understanding is that in cars the area where the gas cap is will be larger and there will be two holes for nozzles; one for gas and one for DEF. I can imagine engineering who try to dummy proof stuff spending a lot of time figuring out how to dummy proof it from guys dumping DEF into their diesel tank or diesel into their DEF tank.

     

    I used AdBlue as that is the common name in Germany but it is a just a brand of DEF.
    7 Aug 2014, 05:07 PM Reply Like
  • LT
    , contributor
    Comments (5516) | Send Message
     
    Everything on a Mercedes and BMW is expensive at their dealerships. I wouldn't read much in to that.
    7 Aug 2014, 05:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    FWIW, it's my understanding that the truckers hate DEF systems, even though a single DEF tank fill up will take them cross country and then some.
    7 Aug 2014, 05:45 PM Reply Like
  • mrholty
    , contributor
    Comments (1106) | Send Message
     
    John-

     

    I have heard the same. My understanding from the trucker side is that in the beginning most of the time the DEF is located in a tank above ground and generally in an unused part of the facility.

     

    My understanding is that trucking stations are putting them in the ground in their own tanks but that it takes time. Doing that and having it done when they fill up diesel should eliminate the majority of the gripes.
    7 Aug 2014, 05:54 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The biggest complaint I hear about is that the DEF can freeze, but I suspect the bigger part is just our innate resistance to change. Human beings generally hate doing something different when the change is forced by somebody else.
    7 Aug 2014, 06:00 PM Reply Like
  • Billion003
    , contributor
    Comments (266) | Send Message
     
    But depending on costs a DEF system may end up being a close to a trade-off - netting out the cost of the DEF with the slightly better MPG of being able to run leaner.
    The ePower system itself provides its own benefits in this area, even outside DEF systems, by running the engine at peak torque rpm consistently - minimizing engine revolution changes that contribute so much to emissions.
    7 Aug 2014, 06:05 PM Reply Like
  • User 393748
    , contributor
    Comments (292) | Send Message
     
    These systems are already used in the class 8 trucks in Canada and the US and they have their share of problems.

     

    There are two systems currently in use. The non-urea DPF/DOC system and the currently more popular urea based system. The added urea liquid system only handles the NOx emmsions and it converts the NOx to nitrogen gas and water.

     

    I am not sure how the pricing and repair situation is in the family car market, but I can provide some info on the repair and repair costs for these systems in the class 8 truck market situation.

     

    As for the class 8 truck market situation, both of these systems require regular maintenance that has to be performed. They both have an EGR valve in the system, and if the EGR valve malfunctions, it has to be repaired as soon as possible or it will cause the DPF/DOC or SCR filter to get plugged up, and if those filters get plugged up, it will damage the VGT turbo and then the turbo has to replaced. It is not unusual for this situation to occur, and the total repair bill for cleaning out the DPF/DOC or SCR system and installing a new turbo can be upwards of $7,000 for a class 8 vehicle. Imagine what that will do to the annual bottom line.

     

    As it happens, the EGR valve may have to be replaced every 18 months or two years, and the EGR valve itself has a warranty of only one year. The cost of an EGR valve is about $1,500 and probably another $700 in labor to do the job.

     

    The system actually does require daily attending to, as a good class 8 operator will check the system on a daily basis to see if it requires a DPF or SCR "burn", and to check if further urea fluid is required. If the system runs out of fluid, the system can be damaged.

     

    The cost for cleaning the main DPF/DOC or SCR filters is at least $700. These systems can get plugged up to the point that they need replacing. To replace the main filters will cost about $3,500, after the core charge/rebate of about $1,500. Without the core/rebate charge, the filters are $5,000.

     

    The added urea liquid system only handles the NOx emissions and it converts the NOx to nitrogen gas and water.

     

    These systems are designed to heat up the exhaust to at least 400 degrees fahrenheit in order to effectively burn off the distillate particulate matter. This key design and operation principle itself presents a problem, because many of today's class 8 trucks are in the higher horsepower range, and are 550 hp or greater. It is unlikely that a tractor with a 600 HP Cummins carrying light loads all day is going to have that engine work hard enough to keep the DPF/SCR filters from slowly getting plugged up. The same would apply to a tandem gravel truck with a 600 HP Cummins.

     

    If this system is being used in the family car, I can only partially imagine the costly repairs that this will lead to. These sytems are deceptively simple. It is more likely than not, that many vehicle owners and family members with these systems in their vehicles will not fully understand how the system works and will easily cause themselves to have to unnecessarily spend mucho dinaro in SCR repairs. No system is failsafe or 100% maintenance free (excepting for some batteries, of course.)

     

    Buying a used car with these SCR systems in place will mean that the prospective purchaser will have to be that much more careful in their purchase. Replacing a damaged or totally plugged SCR system in a car will not be inexpensive.
    7 Aug 2014, 06:21 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    I just can't see the average car buyer wanting to deal with that much maintenance. Truckers have enough maintenance and safety checks to deal with already every time they are going to roll out in the morning. No wonder they don't like it.
    7 Aug 2014, 06:42 PM Reply Like
  • KillaCycle
    , contributor
    Comments (575) | Send Message
     
    In the USA, Diesel passenger cars and trucks built since 2010 run DEF.
    http://bit.ly/1AYNG5J
    It retails for 4.99 per gallon if you buy a single gallon. It is cheaper in large amounts.
    You use about 1.5 to 2 gallons per 100 gallons of diesel fuel:
    http://bit.ly/1AYNEdV

     

    Diesel engines produce considerably more NOx than gasoline engines. The DEF systems reduce the NOx emissions.
    http://bit.ly/1AYNGm1
    7 Aug 2014, 07:51 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    BlueTech as it's known in Mercedes diesel space strictly treats the exhaust gas for NOX's, with basically urea, downstream of the engine, catalytic converter, etc. It has it's separate tank (but the engine shuts down if it senses no Urea in its' tank). Farm tractors and combines, etc., already are equipped with the equivalent to reduce NOX. This is not new stuff. Has no effect on engine burn performance - and yes, it does result in an extra system and cost.

     

    http://bit.ly/1AYORSw

     

    One neat thing about the Case IH approach is that they have removed ALL air pollution abatement systems and emissions control equipment from the engine itself (back to the 50's and earlier when we used to get really good gas mileage and horsepower utilzation at the same time for those that are old enough to remember); and now they just treat the exhaust downstream of the engine while getting the most out of the engine, per se. Hence, Case IH claims better overall fuel performance.

     

    Don't know if that is how auto works yet. Or trucking.
    7 Aug 2014, 07:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Cummins has told us that the 2012 engine we're using in the day cab will get 8% to 10% better fuel economy than the 2010 engine we used for the sleeper because the DEF emission control system recirculates less exhaust gas to meet EPA requirements.
    7 Aug 2014, 08:29 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    The MB solution:

     

    http://bit.ly/1r3AYvt

     

    For ePowerengine diesel achieving double the fuel economy, they will require 1/2 the AdBlue to meet NOx levels.

     

    Another cost reduction(?) and/or 1/2 the pain to refill as often, or a smaller tank - take your choice.
    7 Aug 2014, 08:47 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    JP - right on. Makes sense.
    7 Aug 2014, 08:54 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    tweet replies ... http://bit.ly/1Aywi7m

     

    "Last night I learned there is indeed a charging station at the shop, just west of the test shed, where it's been sitting.

     

    ...

     

    I'd say it's [test shed]almost 24/7. They don't work 3rd shift over the weekend I believe.

     

    ...

     

    The test shed is part of the shop"

     

    (had wondered when he said "in the shop" he meant NOT in the test shed, but now clarified)
    7 Aug 2014, 03:57 PM Reply Like
  • mds5375
    , contributor
    Comments (164) | Send Message
     
    Does anyone remember how long NS tested the original 999 with "standard" batteries before they threw in the towel?

     

    (Oops, meant to clarify that I'm not asking about bench testing, I'm asking about field testing)
    7 Aug 2014, 04:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    It's not entirely clear, but the relevant dates leave no question that the AGM batteries failed quickly.

     

    The rollout ceremony was September 28, 2009:

     

    http://bit.ly/V1HxET

     

    The November-December 2009 issue of BizNS, their in house magazine, made it abundantly clear that they knew AGM batteries weren't going to work and they needed something better.

     

    http://bit.ly/wrFRnF
    7 Aug 2014, 04:29 PM Reply Like
  • User 393748
    , contributor
    Comments (292) | Send Message
     
    NSC may have taken a couple of weeks just to decide what they were going to say in explaining why the
    NSC999 yard slug was back in the shop for an indefinite amount of time.
    7 Aug 2014, 06:42 PM Reply Like
  • User 393748
    , contributor
    Comments (292) | Send Message
     
    The comment in the the autumn 2009 issue of BizNS had a comment that the 999 contained around 1,700 separate electrical wires. That is interesting because it was that same issue of the "tyranny of numbers" of tubes that were being required for the new and improved electronic devices that were being designed in the late 1940s that began the serious efforts to develop transistors.

     

    The new electronic devices in the 1940s were requiring ever increasing numbers of tubes and this was making the design of these devices simply unweildly and making it impossible for them to be manufactured. It was this "tyranny of numbers" problem that drove Bardeen, Shockley and Brattain, et al to get transistor technology ready for prime time.

     

    This also is a problem of which BMS designers have to be mindful. Improvements to BMS systems are sometimes made with a goal of reducing the amount of wiring and individual electronic components that are packed into the system.
    7 Aug 2014, 07:43 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    Hey JP or any others, would you put any odds that this next round of financing may be in at least the $25 mil or more range? I think we have a 70% chance. Axion is so much more viable than 5 years ago, even more so than 1 year ago when we got the PIPE deal.

     

    The anxiousness portrayed on this board is palpable. It reminds me of when I was younger (also many guys) and met a beautiful girl and she agreed to go on a date with me. You get all dressed up, drive to her place and your still in the car and you sit for a few seconds....quite anxious, just before you get out of the car and walk up the sidewalk. This is how I feel as a shareholder where we're at with AXPW. Were walking up that sidewalk.
    7 Aug 2014, 07:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I would love to see a bigger financing even though I'd hate to see that many shares issued. SEC rules, however, make it tough for a company to sell that much stock and then file a resale registration statement for the buyers.

     

    The general rule is that a micro-cap can't register the resale of shares that represent more than one-third the shares held by non-affiliates (e.g. directors, officers and 10% holders). If we assume that 250 million shares must be at least 2/3 of Axion's float after the offering, then Axion can't sell more than 125 million new shares if all the buyers want their shares registered.

     

    Funds always want to have their shares registered because they can mark registered shares to market while they have to carry restricted shares at cost. So even if they don't want to sell and plan to hold for a couple years, they want the shares registered because that legal status had a big impact on both financial reporting and fund manager compensation.
    7 Aug 2014, 07:38 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    John, So what your saying, combined with what DRich stated below, "significant sales" is probably our only route instead of possibly an outright loan or open line of credit for available cash say, up to the $25 mil I mentioned? I've seen that occur with a few companies for much much more but I guess they have a well established product and sales. Until Axion, and the reading of some of your much earlier posts I was/am quite unfamiliar with the complexity of these type of cash raises Axion is having to pursue. Again thnx for your input.
    8 Aug 2014, 12:05 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Nothing in the world scares me more than debt in small companies that don't have enough established cash flow to service the debt. I've had several investments like Axion over the years where I started with expectations of 50:1 returns and had to lower my sights as they issued more shares than I expected. They were all immensely profitable for me. I've also had a couple investments where companies incurred more debt than they could service and they were complete wash-outs. The wash-outs were far more painful than the modest multi-baggers.
    8 Aug 2014, 06:48 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >Masi ... I anticipate another round of "keep the lights on" financing & bonuses all 'round for management. That would be just fine and probably quite enough ... if ... I'm going out on a limb here ... if there is something that could be construed as a "significant" sale.
    7 Aug 2014, 07:32 PM Reply Like
  • Masi
    , contributor
    Comments (481) | Send Message
     
    Thnx, DRich. I was hoping that because of DDG's previous work and contacts something more lucrative or less painful could be achieved.

     

    EDIT: John, I asked this question in a post way up and instead of you having to go back and find it, I would greatly appreciate your time for a reply, "JP, in one of your instablog posts, Jun 08 4:43 PM (titled) Current Update From EPower Engine Systems; There is a line,...."With Marathon's help we have been able to correct several problems with our digital voltage regulator (NYSE:DVR) and raised our power factor from the 0.62 we were seeing last month into the 0.92 to 0.94 range."..... Is the (NYSE: DVR) a typo? I checked out the co. symbol DVR and that co. does not seem to fit what the info in that line is trying to get across."
    8 Aug 2014, 12:14 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    Masi, simple answer.

     

    Seeking Alpha interprets many three-letter acronyms as stock symbols, if you put them in parentheses.

     

    Like a good beer? Try BUD. Or (NYSE:BUD). Want a bacon lettuce tomato (NYSE:http://bit.ly/1q0wzrA) with that?
    8 Aug 2014, 06:20 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    That's the first time I've seen it put a hyperlink to the SA page for the stock symbol. In fact, it only did that after I went back into the message and edited another part of the post.

     

    Before that it was (NYSE:BLT)
    8 Aug 2014, 06:24 AM Reply Like
  • dlmca
    , contributor
    Comments (389) | Send Message
     
    I had one other short email back from DDG

     

    "We are moving through the issues"

     

    Sent from my Verizon Wireless 4G LTE DROID

     

    I am sure the transition has been challenging. That said all we can ask is that management get on with the tasks at hand - and I for one feel Dave is doing this

     

    Let's all chill and give him some time

     

    Change is needed when the execution has not been effective
    8 Aug 2014, 06:15 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I don't believe Axion's execution has been ineffective.

     

    Investing in an R&D company is like planting a fruit tree.

     

    For a span of time you watch the tree grow and wonder when you'll see the first blossom. You're all excited when the first blossoms appear and then disappointed when the blossoms don't mature into edible fruit. When you finally get your first fruits they're not big enough or numerous enough to do anything with them. When the tree matures enough, you start collecting annual harvests that will hopefully get more bountiful over time.

     

    I've watched the PbC mature from a science fair project seedling to a manufacturable energy storage device with extraordinary performance characteristics. I've watched the PbC draw an incredible level of interest from a wide variety of first tier battery buyers who are following their own testing and validation processes before making an implementation decision. Everything I've seen says my tree is maturing beautifully and the first meaningful harvest is near. I was wrong in my estimate of how long the process would take, but the process is proceeding at its own pace and I have nothing to complain about.

     

    The fact that there have been first fruits but there hasn't been a first harvest is not proof that my tree is not executing effectively. It's only proof that I'm impatient.
    8 Aug 2014, 07:03 AM Reply Like
  • Amouna
    , contributor
    Comments (1834) | Send Message
     
    JP,

     

    I don't think Axion as it stands right now is in the situation where it can raise anywhere near 25 million. That was the case before the crisis 2008 as markets were confident and the prospects of the company "seemed" rosier to investors. In today's world, the harsh reality is that investors would be very very reluctant to invest that much in Axion without effectively buying it completely. I don't think management would opt for that, so my educated guess tells me we will go down the "keep the lights on" type of financing, and hope that DDG executes well.
    8 Aug 2014, 07:14 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    While I would like to see a bigger number so that we can break a seemingly endless cycle of closing one financing that simply gives folks reason to begin obsessing over the next financing, I agree that a deal in the $10 million range is more likely than a $20 or $30 million raise.
    8 Aug 2014, 07:28 AM Reply Like
  • Amouna
    , contributor
    Comments (1834) | Send Message
     
    JP,

     

    So if that's the deal, that is not enough funding to keep the lights on and expand the marketing force at the same time in expectation of growth, as TG mentioned in the past...
    8 Aug 2014, 07:58 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    While it's a decidedly unpopular opinion in these parts, I don't think a bulked up marketing force is necessary or desirable. Batteries are essential components in systems built, sold and serviced by somebody else. ePower needs the PbC, but it's only 20% of our product cost. By the time you get to stop-start systems that could benefit immensely from the PbC's strengths, the battery cost is more like 1% of final product cost. The only market where battery cost represents 50% or more of system cost is stand-alone stationary.

     

    Many argue that Axion needs a cadre of super-salesmen to push the PbC into a battery market that's eager to adopt something new and different. I disagree because I think the universe of potential customers that are big enough to move the needle is small and cautious. Right now Axion's list of likely customers is short, but they're all superstars that can be well-supported by a small marketing staff. I don't see a lot of future investing in a massive marketing staff to chase smaller opportunities with customers who don't understand their own needs.

     

    Several years ago I spent a day with Ray Kubis when he was president of Enersys Europe. Ray's description of the marketing dynamic was fascinating because every new customer that walked through the door thought he needed lithium-ion. By the time the Enersys engineers completed a thorough analysis of the customer's needs, 99% ended up choosing the lead-acid solution because it was a better fit in terms of price and performance.

     

    For better or worse, the selling process in the battery business is highly technical and need centric. You don't serve that market with a team of Brioni suits.
    8 Aug 2014, 08:41 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    John, I am not sure "many argue". A few are doing the vast majority of any such "arguing".

     

    And none have presented a good argument for a single unserved market.
    8 Aug 2014, 09:51 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    That said, I wonder if there may be room for improvement wrt marketing efforts on the renewables back-up / stationary storage / FR front for PowerCubes. There I can see it is not just one distributor or end-user, but many sizeable players. No way for me to know, however.
    8 Aug 2014, 09:54 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    When I use words like "many," I base it on word count in relevant comments.
    8 Aug 2014, 09:56 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    Certainly the idea has been heavily marketed.
    8 Aug 2014, 10:15 AM Reply Like
  • D-inv
    , contributor
    Comments (4219) | Send Message
     
    "And none have presented a good argument for a single unserved market. "

     

    Edmund, in light of extensive APC discussion of Axion's NDA policies and multiple reports of TG "there are lower hanging fruit" answers to shareholder queries about applications, I wonder how any sentient being can make the above statement without intent to ridicule.
    8 Aug 2014, 10:50 AM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    IIRC it was TG that indicated around the time of the last cap raise that he would be bolstering the sales/marketing team. While I saw no sign of this based on limited means of assessment like monitoring LinkedIn it might have happened. Also improving efforts in this area could have been done in numerous areas or via internal resource adjustments. Anyway, my point is TG seems to have thought this was a requirement subsequent to Axion's transition to a "commercial enterprise".
    8 Aug 2014, 11:27 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    D-inv,

     

    I put quite a bit of thought into the current applications Axion is focused on, but I am always interested in any sensible application or new market.

     

    If you have one and can make a good case for it, please do so.

     

    If you don't and no one else does, isn't it then rather ridiculous to be harping on and on about all these unserved unidentified markets as a cause for the current conditions?

     

    Elevators, Rosewaters, Rubber-tired gantry cranes, oil platforms, pleasure craft, RV/truck APUs: Not sure of the particulars of why each has failed to materialize to this point, but I'm also not sure any of them represent a missed market opportunity.
    8 Aug 2014, 11:31 AM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Edmund, Have any markets "materialized" yet? Not sure you can use that to support your litmus test on where PbC fits the best. Other considerations, sure.
    8 Aug 2014, 11:50 AM Reply Like
  • mrholty
    , contributor
    Comments (1106) | Send Message
     
    I would like to hit the like about 10-15 times for IIndy's statements above.

     

    And I agree with John's assessment of the type of sales people we need. We need technical people but we also need some suits.

     

    The suits talk and find opportunity. I assume in the battery industry engineers need to really work the job/quote and sell. It reminds me of a bunch of the software companies that state they don't have salespeople as they are all engineers. While cute its not true. They have sales people who fight through the round of tape and find the right guy to discuss it with. Then they turn it over to engineers with the technical knowledge to ensure the plan works.

     

    If anybody has ever shopped for commercial backup, PV etc you will know the mud that you have to get through. The industry in my experience is full of crooks and liars, halftruths, etc.

     

    AXPW needs sales people to build real contacts at Viridities and 20 more of them in the US. We need distributors to sell our stuff.

     

    Another speculative investment I have is in a lighting company that is growing into a new area where they haven't played. 6 months ago they had 1 regional distributor, 3 months 30 and last week 80. They know the majority of these guys will order minimal or nothing but a few will grow with them and allow them to survive the next few years. The problem right now is they don't know which of the 80 it will be. Sign agreements and then see who wants help.
    8 Aug 2014, 12:02 PM Reply Like
  • LT
    , contributor
    Comments (5516) | Send Message
     
    But, Edmond, these were ALL supposed to be multi-billion $$$ markets that only AXPW's PbC could fill the need....what happened ?
    8 Aug 2014, 12:29 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    MrHolty: "We need distributors to sell our stuff."

     

    I've one concern about that.

     

    Since the PbC is not (yet?) a commodity-like product with a high-volume ... "consumer market", I fear they would end up like (NASDAQ:CPST), which does almost exclusively a distributor model.

     

    Both CPST and AXPW (for now at least) require a substantial amount of engineering work to integrate into a project. CPST has suffered, IMO, in being unable to make a profit because a substantial part of their profit *apparently* goes to the distributors.

     

    CPST experiences costs in qualifying, training and various types of support to these distributors. A poster long ago said that CPST would be better off with direct sales because their costs would probably be comparable to a distributors but they would have all the profit from the selling price going into their coffers rather than a portion going to the distributors.

     

    The distributor model does have the advantage of reduced customer support costs after the sale. I've no idea what these may be.

     

    If Axion had produced freely available tech specs, product comparisons, pre-engineered supporting infrastructure requirements for various types of applications (somebody, maybe DRich(?), mentioned, e.g., a 4-14V inverter/converter) maybe we'd have a "commodity-like" product that would work well with a distributor model w/o sacrificing too much.

     

    I don't know, but it's one of the things I think that may be a counterpoint to a suggested distributor business model.

     

    In ignorance,
    HardToLove
    8 Aug 2014, 12:43 PM Reply Like
  • mrholty
    , contributor
    Comments (1106) | Send Message
     
    HT - I agree that the model isn't perfect. It also can be an issue when one of your distributors moves in against another one your distributors or you become too dependent on a few distributors.

     

    The problem is right now AXPW (especially in the solar world) can't be the end solution. We should be part of package of tools that regional guys feel comfortable with and sometimes use us and don't.

     

    (This is all based on the assumption that this is the market we need - as it is what TG had been pushing in the last two cc's).
    8 Aug 2014, 12:48 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    The needs still exist and the industry leaders are moving forward with their testing, validation and proof before launching new products. Academia blows the trumpet first and then sets out to learn the truth. Big business learns the truth first and doesn't speak until all the scutt work is done. The fact that you and I are eagerly awaiting an order doesn't matter to the guys with the power to issue purchase orders. They'll move when they're ready, and not a moment sooner.
    8 Aug 2014, 12:50 PM Reply Like
  • D-inv
    , contributor
    Comments (4219) | Send Message
     
    Good points, HTL.

     

    Regarding, "The distributor model does have the advantage of reduced customer support costs after the sale. I've no idea what these may be" it occurs that distributors also bear some part of market development costs, i.e. - leverages OEM marketing capital. One might also surmise a distributor marketing model likely will identify a broader range of entrepreneurial personalities/system integrators.

     

    Choice of marketing models need not be a once and for all decision.
    8 Aug 2014, 01:16 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    "(somebody, maybe DRich(?), mentioned, e.g., a 4-14V inverter/converter)..."

     

    HTL, Believe this was Rick K's point a few times. Don't know if others brought it up as well but certainly with the voltage discharge profile of the PbC battery the ability to utilize more of the energy stored could be a opportunity for some apps.
    8 Aug 2014, 01:33 PM Reply Like
  • mrholty
    , contributor
    Comments (1106) | Send Message
     
    John and D-Inv-

     

    Agree on both counts. A distributor model doesn't work in the transportation sector (trucking, autos) as the major players are only a few.

     

    In the solar/wind storage we need working field trials of all shapes and sizes. This is where distributors would work best.
    8 Aug 2014, 01:34 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Thx for the correction Iindelco - credit where due is important.

     

    HardToLove
    8 Aug 2014, 01:39 PM Reply Like
  • dlmca
    , contributor
    Comments (389) | Send Message
     
    $5M - $10M - $20M - $30M

     

    It all depends on the tech: the confirmed revenue - and market prospects

     

    I am doing due diligence on a tech start up here in Canada.
    Very good tech well protected. They have the start of some market penetration with some major players and a very good market partner introducing them to their customers

     

    They have been assured by a couple of VC's that as they have confirmed revenue of $1 M they can expect the VC to be in for approximately 40% of the company for $2-4M

     

    AXPW have accomplished far more than this start up

     

    If AXPW can share confirmed revenues of $2-3 M I can see the prospects of raising another $10M. $1M OF THIS IS ALREADY ANNOUNCED.

     

    We Axionistas (and all shareholders) will have a smaller share of the pie but surely $10M (and the two years of further run time it buys) will be enough to get us to positive cash flow

     

    That my friends is where we are and what I am guessing is being negotiated

     

    As always critiques and other thoughts welcomed
    8 Aug 2014, 07:56 AM Reply Like
  • Amouna
    , contributor
    Comments (1834) | Send Message
     
    I still think anything below 100 million (cost of IP assets over a decade) is effectively a bargain on Axion, even though execution hasn't gone as fast as expected.
    8 Aug 2014, 08:11 AM Reply Like
  • dlmca
    , contributor
    Comments (389) | Send Message
     
    Amouna

     

    Agree that is a logical value to hang our hats on - but we all know the market pays for execution

     

    That said once AXPW gets some traction we all expect the value (markets too) to be even higher than the $100M.

     

    With patience and good execution $200M and $500M and $1B are all possible - but we have to take the time and best steps to get there

     

    I feel we have a better chance of seeing those numbers realized with DDG in place
    8 Aug 2014, 09:22 AM Reply Like
  • Amouna
    , contributor
    Comments (1834) | Send Message
     
    Hopefully dlmca, hopefully. Execution is what matters now, not more product tweaking...
    8 Aug 2014, 09:32 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    In 2003 I though Axion had an honest shot at a billion dollar market capitalization if everything went right. The PbC has turned out to be a better Supercabattery than I thought it would be and the market has evolved in ways that I didn't expect, ways that play to the PbC's strengths and don't suffer too much from its weaknesses. On balance I think my original estimate was too low and most of the uncertainties that existed in 2003 are ancient history.
    8 Aug 2014, 09:50 AM Reply Like
  • Ranma
    , contributor
    Comments (2019) | Send Message
     
    Anyone seeing a bid / ask of .0616 and .3581? Now that is a spread...
    8 Aug 2014, 10:05 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Ranma: they are there, but far out of band.

     

    10:47 BB $0.0905x10K ATDF/*$0.0901x10K ATDF*/$0.09x11Kx10K CSTI NITE/*$0.089x10K ATDF*/$0.082x10K ETRF/$0.069x10K RAFF/$0.0616x10K BTIG/*$0.0471x10K CDEL*
    10:53 BA $0.0949x10K ATDF/$0.095x10K NITE/*$0.096x13.5K NITE*/*$0.0998x10K ATDF*/*$0.0999x10K ATDF*/$0.10x5K CSTI/*$0.11x12K ATDF*/$0.121x58K ETRF/$0.125x5K CDEL/*$0.13x6.5K CDEL*

     

    HardToLove
    8 Aug 2014, 11:05 AM Reply Like
  • Ranma
    , contributor
    Comments (2019) | Send Message
     
    Thanks, I figured it was just my broker data. Was tempted to paint that tape though...
    8 Aug 2014, 11:31 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Ranma: I forgot to mention, the items bounded by asterisks are *potential* bids/asks that *may* be hidden by better prices at the moment.

     

    HTH,
    HardToLove
    8 Aug 2014, 11:41 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1913) | Send Message
     
    http://bit.ly/1kOMahC

     

    NASA apparently believes that the cutting edge of energy storage technology is Li-sulfur batteries, however chemical reactions are, in general, theoretically incapable of providing enough power-to-weight for space travel. Nuclear-fission and nuclear-fusion power is more promising, but antimatter-annihilation and/or creating a dark energy source coupled with some way to harness the effects of quantum entanglement (translation: warp drive) is more likely necessary for interstellar travel.
    8 Aug 2014, 01:44 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    PY: Just one question re "antimatter-annihilation and/or creating a dark energy source coupled with some way to harness the effects of quantum entanglement".

     

    How long till we can use it to replace our antiquated grid? ;-))

     

    HardToLove
    8 Aug 2014, 01:56 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1913) | Send Message
     
    The discovery necessary to realize a functional warp drive and antimatter reactors as well as resolve other mysteries of physics is, IMHO, probably some form of the Holographic Principle:
    http://bit.ly/1q1ikTo

     

    "The holographic principle states that the entropy of ordinary mass (not just black holes) is also proportional to surface area and not volume; that volume itself is illusory and the universe is really a hologram which is isomorphic to the information "inscribed" on the surface of its boundary."
    8 Aug 2014, 01:57 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    PY: Aha! As I always suspected, most people are really quite "shallow". ;-))

     

    HardToLove
    8 Aug 2014, 02:22 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    Give the author a good try award, but it doesn't hold true when the mass is a homomorphic supermultidimensional inclusion (this actually sounds better in German). Alas, it seems it's always the presuppositions that make humans look silly. Nothing new, though, as you can read that fact in a very old book.
    8 Aug 2014, 02:30 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1913) | Send Message
     
    Inclusion in what? Seems to fit if the mass is just an aspect of the homomorphic encryption. Additionally, the (holographically) apparent clustering of galaxies in the universe resembles that of neural cells. e.g. http://bit.ly/1q1oSRX and that not only is it in constant communication withitself through quantum entaglement (the inscribed information) it also is organized like a neural network and may in fact be conscious.

     

    So after all, scientists may quite surprisingly find that the world is flat, and God is everywhere. Ok. That's all. I have to read the S-1.
    8 Aug 2014, 03:09 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    Everywhere? I'll be damned, I'm in serious trouble.
    8 Aug 2014, 03:20 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    08/07/2014: EOD stuff partially copied from blog (up now).
    # Trds: 42, MinTrSz: 500, MaxTrSz: 23000, Vol: 260112, AvTrSz: 6193
    Min. Pr: 0.0960, Max Pr: 0.0998, VW Avg. Tr. Pr: 0.0971
    # Buys, Shares: 11 97300, VW Avg Buy Pr: 0.0976
    # Sells, Shares: 30 152812, VW Avg Sell Pr: 0.0967
    # Unkn, Shares: 1 10000, VW Avg Unk. Pr: 0.0998
    Buy:Sell 1:1.57 (37.41% "buys"), DlyShts 5000 (01.92%), Dly Sht % of 'sells' 3.27%

     

    Volume improved to the very low end of what I would think useful for giving some weight to what the technical stuff suggests. But not anywhere near what's needed for confidence at any level.

     

    Although buy percentage weakened, the VWAP moved up nicely. I suspect the buy percentage is due to the dregs of the two high-volume days 8/1 and 8/4. Anyway, this gives some support that the low $0.09xx price might give the support better than $0.10 that I was thinking would materialize. Time, time, time to wait and wait and wait to see.

     

    Today is the third consecutive day that has some signs that this may work out to be stronger support. Can't say it will not let us drop, but I believe it will take longer to move decisively below $0.09 than it did to move below $0.10.

     

    No sign of the 600K bid today. However, we did see 100K bids from CDEL, CSTI and ETRF mixed in with the normal stuff.

     

    I mentioned yesterday the improvement in daily short percentage continued and ended with “Do keep in mind that the daily short percentage will be choppy as it moves towards a more normal reading unless volume remains low”. Today volume doubled and the “choppy” manifested as we see a daily short percentage move from 40% to 1.92% today. It won't stay there though and as it makes its “leg up”, choppy or not, we should see price hold up relatively well. All bets off if we get MM-share days.

     

    Let's add in that we'll be exiting what had been weak periods for a long time – the first and last week of each month. We don't know if the pattern holds because this month the 8-Ks affected everything.

     

    No really egregious outliers were seen today.

     

    Today's low, high, VWAP, trade volume, and daily short sales moved 6.55%, 1.84%, 04.41%, 115.10% and -89.68% respectively. Price spread today was 3.96% vs. 8.77%, 17.51%, 29.26%, 14.36%, 5.84%, 8.70%, 16.32% 25.74% (23.76% if $0.1250 used as high) and 20.82% on prior days.

     

    The larger trades (>= 15K) occurred on 4 of the 42 trades, 9.52%. These 75,001 shares were 28.83% of day's volume, and traded at a VWAP of $0.0974. 1 of the larger trades, 25.00%, ...

     

    The other 38 trades, 90.48% of the day's trades, traded 185,111 shares, 71.17% of the days volume. The VWAP was $0.0970. 10 trades, 26.32%, ...

     

    http://seekingalpha.co...

     

    HardToLove
    8 Aug 2014, 02:29 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Correction: "Let's add in that we'll be exiting what had been weak periods for a long time – the first and last week of each month" was 180 degrees out.

     

    First and last weeks of the month had displayed *less* weakness, and even some tendency to rise, and we "sagged" in the middle weeks.

     

    HardToLove
    8 Aug 2014, 05:55 PM Reply Like
  • abcd9876
    , contributor
    Comments (69) | Send Message
     
    S-1 filed - seems target is $15mm. 10% fees look a bit expensive though - thought the standard was 6%.

     

    http://1.usa.gov/1q1mri5
    8 Aug 2014, 02:30 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    "The PowerCube is a highly mobile energy storage system that can be configured to deliver up to one megawatt of power for 24 minutes or 100 kilowatts of power for 4.6 hours. Our onsite PowerCube services the PJM frequency regulation market. PJM is a regional transmission organization that coordinates the movement of wholesale electricity to more than 60 million consumers in all or parts of 13 states and the District of Columbia. We provide this frequency regulation through our curtailment services provider (an entity which provides power services on demand to utilities) – Viridity Energy. We commission our onsite PowerCube in November 2011, and it continues to function on a daily basis and serve as a real world demonstration unit. Potential customers visit our project site and can observe the ”real time” screens that show our Cube responding to, and closely following, the PJM REG-D signal. This has been very helpful to us in explaining our technology and model and in providing a real world proof of application. In the first quarter of 2014, we installed batteries, racks, BMS, controller, wiring and miscellaneous equipment at the New Jersey location of our 500 kilowatt system being installed with our strategic partner. It is expected that this unit will participate daily in the PJM frequency regulation market in accordance with our model. Based upon our model and past PJM records –this 500 kilowatt installation will provide the owner with at least $9,000 per month (net after expense) in frequency regulation revenue, which is in addition to the storage and emergency back- up capability the PowerCube is expected to provide."
    8 Aug 2014, 02:53 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Permissible underwriter's compensation varies with the size of the deal and a number of other factors. In a registered deal, FINRA reviews the compensation terms after the SEC filing and frequently pares the compensation back to meet their fair, just and equitable standards.
    8 Aug 2014, 03:18 PM Reply Like
  • LT
    , contributor
    Comments (5516) | Send Message
     
    I've never seen a fee adjusted down. None have been in the past for AXPW...why would this one be ?
    8 Aug 2014, 03:21 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    During the second quarter of 2014, this same customer delivered a purchase order to us for four additional 500 kilowatt PowerCube units designed to provide frequency regulation to PJM in a range covering 500 kilowatts up and 500 kilowatts down. This follow on order is further validation of their belief in our PbC product and our frequency regulation model. This purchase order is the next step in our planned partnership that is expected to include multiple – like sized – 500 kilowatt units in and out of New Jersey. In addition, our partnership is planning larger sized PowerCubes (1megawatt and beyond) in both New Jersey and in other states that have very competitive solar renewable energy credits and other incentives. In a separate initiative with potential new investors, we continue to pursue site selection for multi mega-watt systems that would service the frequency regulation market. Our 1.25 megawatt (or any multiple thereof) building block is an appropriate size for this market."
    8 Aug 2014, 03:24 PM Reply Like
  • abcd9876
    , contributor
    Comments (69) | Send Message
     
    From S-1

     

    Use of proceeds: We intend to use a portion of the net proceeds from this offering for the following purposes:

     

    Proceeds:
    Gross Proceeds $ 15,000,000
    Fees and Expenses (1,500,000 )
    Net Proceeds $ 13,500,000

     

    Uses:
    Repayment Subordinated Notes $1,000,000
    Capital Expenditures 2,000,000
    Working Capital 2,500,000
    Business Development 1,500,000
    Operations 6,500,000
    Total Uses $ 13,500,000
    8 Aug 2014, 02:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    I like the fact that uses are laid out clearly. Capex? Hm ...

     

    HardToLove
    8 Aug 2014, 02:43 PM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    Is $2,000,000 enough for any sort of expansion?
    8 Aug 2014, 02:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Dastar: ISTR that JP had some estimated cost of the carbon sheeting lines - maybe that's in the ballpark?

     

    HardToLove
    8 Aug 2014, 03:03 PM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    I looked through some of the older filings and couldn't find any specific capex # in them, so I don't know if that is the usual with AXPW or if they are indeed planning on doing a little bit of expansion. Guess time will tell!
    8 Aug 2014, 03:08 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Unless I misread the carbon sheeting press release last year, there's really no need for another line because the single sheeting line used 2 employees to do 300% more work than a crew of 10 using the old system. That being said $2 million is certainly in the ballpark for a second electrode fabrication line.
    8 Aug 2014, 03:20 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    IIRC, one of their patents indicated they had made at least one ~30-foot-long carbon sheet in their longest single batch run. I think that's the definition of continuous as of the writing of the patent I read.

     

    No mention or confirmation of 24-7 continuous running

     

    Assuming such "continuous batch" running, one could assume there is a clean-up/set-up time idling one line. Two lines would seem a good idea, regardless.
    8 Aug 2014, 03:28 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    I'll say it one more time since it's been awhile. 2 million sounds damn high to me. Especially for a design that should be complete. But then I hope they have learned something as well. Like why the hell are they using all those robots!

     

    Anyway, yeah, it'll cover a second line.
    8 Aug 2014, 03:52 PM Reply Like
  • Bob Averill
    , contributor
    Comments (337) | Send Message
     
    The $2 million could be for one big cap. ex. project or several smaller ones.

     

    It's certainly a big number so asking what it's going to be used for is a logical question for the next CC.

     

    It is in fact a very good indicator if Axion really intends to spend that much money in cap. ex.. To me it says that they intend to start making something and you don't start making things if you don't expect to sell them and to justify spending $2 million you have to be expecting a tremendous amount of selling - how great is that?

     

    This is a positive sign/indicator!
    8 Aug 2014, 04:52 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    Bob: That's exactly why it caught my eye. It tells us things, *potentially* that Axion is not free to disclose - due to NDAs?

     

    Gives the imaginative crew hear a lot of fodder to throw into their cuds and begin immediate massive release of copious amounts of methane! :-))

     

    HardToLove
    8 Aug 2014, 05:06 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1163) | Send Message
     
    New company car and office furniture for DDG?
    8 Aug 2014, 05:15 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    Bob, Would be great if it's a pure expenditure for expansion. Then again it could be a shift in tactics as it relates to partnering on the LAB plant side. That being said, if it's in support of something that is real and not just anticipatory/just in case, then it's good for sure.

     

    Yes this would be a good query for the next cc which we now know will not be when it was expected to occur. Silence is not appreciated given all that has and hasn't been going on.

     

    PS, I'm glad you're not the troll I thought you were. I should have taken the hint when John indicated you were a known entity. Hope you stick around for a fair share of mania. Plenty to go around. Wouldn't chasing the frustrating little white ball around be more fun? ;-I
    8 Aug 2014, 05:32 PM Reply Like
  • jmcheln
    , contributor
    Comments (10) | Send Message
     
    Thanks Bob, Great comment.
    9 Aug 2014, 02:52 AM Reply Like
  • Fritz1969
    , contributor
    Comments (42) | Send Message
     
    Can Capital Expenditures of 2,000,000 be the money for building own multi megawatt PowerCube for demonstration purpose (PJM frequency regulation)? Maybe also with partner-investor-money 50%:50%
    If a 0,5MW PowerCube earns 9000 per month (net after expense) in frequency regulation revenue, then 5MW PowerCube earns 1,080,000 per year.
    Maybe Axion is approaching the same business model as FirstSolar: They build a solar facility with own money and then sell to others
    9 Aug 2014, 03:18 AM Reply Like
  • Fritz1969
    , contributor
    Comments (42) | Send Message
     
    I think it will be very easy to sell a working PowerCube by simply showing monthly bills from PJM. Also Axion can get loan for building multi MW PowerCubes and PowerCubes will pay themselves
    9 Aug 2014, 03:39 AM Reply Like
  • Fritz1969
    , contributor
    Comments (42) | Send Message
     
    With such great PowerCubes ROI after bumpy start only sky is the Limit!
    9 Aug 2014, 04:02 AM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Axion has had a PowerCube providing FR services in the PJM since November 2011. It's a great demonstration unit that can also provide demand management for the plant and serve a test bed for long string projects like the work with Norfolk Southern and similar customers. Getting into the business of owning and operating PowerCubes would be great for a special purpose entity but tough for a public company. Public companies typically generate annual revenues that are a multiple of their total capitalization (equity + long-term debt) while special purpose entities typically generate a fraction of their total capital. IMO, Axion would be far better off sticking to its knitting and making batteries than it would be raising huge amounts of new equity and debt to own and operate PowerCubes.
    9 Aug 2014, 07:35 AM Reply Like
  • pascquale
    , contributor
    Comments (125) | Send Message
     
    hasn't maxim been involved before?
    8 Aug 2014, 02:37 PM Reply Like
  • LT
    , contributor
    Comments (5516) | Send Message
     
    Maxim put the PIPE deal together.
    8 Aug 2014, 02:53 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18440) | Send Message
     
    I thought that was Maxim. And that was supposed to be an "upgrade" fro the outfit that did the previous financing round for us.

     

    HardToLove
    8 Aug 2014, 03:01 PM Reply Like
  • Ranma
    , contributor
    Comments (2019) | Send Message
     
    Is that a problem? The banker isn't the problem but the investors.

     

    This time Maxim is listed as the "underwriter." Was that wording used last time?

     

    "Underwriter" suggests a straight sale of stock, not a convertible PIPE agreement. That's certainly an upgrade from last time.
    8 Aug 2014, 03:05 PM Reply Like
  • abcd9876
    , contributor
    Comments (69) | Send Message
     
    Agreed - while it was expected, still glad to see plain vanilla stock + warrants language.
    8 Aug 2014, 03:08 PM Reply Like
  • LT
    , contributor
    Comments (5516) | Send Message
     
    They were underwriters last time too....just means they put the deal together. You won't know till it's done what honery terms are in it.
    8 Aug 2014, 03:23 PM Reply Like
  • nogoodslacker
    , contributor
    Comments (1163) | Send Message
     
    Not much useful information in the S-1. Still need to know how many shares? offering price? strike price of warrants? who is eligible to invest?

     

    Does it depend of some sort of bid process by subscribers? I would subscribe if I could get a share and a warrant for around $0.06-ish.
    8 Aug 2014, 03:25 PM Reply Like
  • Ranma
    , contributor
    Comments (2019) | Send Message
     
    Underwriting means that the underwriter has to guarantee purchase of all shares, i.e. buy them if he cannot sell them. This wouldn't be an issue in a convertible bond deal like the last PIPE.
    8 Aug 2014, 03:27 PM Reply Like
  • growsmart
    , contributor
    Comments (177) | Send Message
     
    John, your comments on the new S-1?
    8 Aug 2014, 02:54 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    I'm happy to see a Form S-1 filing because public offerings usually go off at a better price than unregistered deals and everybody understands a plain common stock with warrants financing. I'm not the least bit concerned that Maxim will be running the deal because they're a good mid-tier firm. While there is undoubtedly a term sheet in somebody's drawer that talks about how the offering price will be determined, the final number is usually decided the day before a deal goes to market.
    8 Aug 2014, 03:30 PM Reply Like
  • Bob Averill
    , contributor
    Comments (337) | Send Message
     
    John,

     

    Just how 'public' do you feel this "public offering" is going to be?

     

    Any clue/speculation as to the probable buyers of $15 million of a penny stock?
    
    8 Aug 2014, 03:41 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2662) | Send Message
     
    Hopefully not the same group as before.
    8 Aug 2014, 03:45 PM Reply Like
  • dastar
    , contributor
    Comments (287) | Send Message
     
    @Stefan: Ditto.
    8 Aug 2014, 03:46 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    As near as I can tell Axion has been working this deal for at least a couple months and has probably put together a book of interested investors. The 2012 financing was a "registered direct deal" that probably went to fewer than 100 investors who were clients of Emerging Growth Equities, Ltd. and Philadelphia Brokerage Corporation. I won't be surprised to see a similar limited distribution in this deal.

     

    From the investors perspective, they're not buying $15 million of a penny stock. They're buying post-reverse split shares that will be listed on Nasdaq either when the offering closes or shortly thereafter. There are a ton of funds that wouldn't touch a $.10 OTC stock with a 10-foot pole but will happily buy a $5 Nasdaq upgrade.
    8 Aug 2014, 03:49 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    SO, we've finally arrived at 50:1. sigh.
    8 Aug 2014, 04:37 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1732) | Send Message
     
    Hello Mr. Averill. Thank you for taking the time to post your thoughts under your correct name.

     

    For clarity, do you also post under the moniker "PBC Believer"?

     

    Thanks.
    8 Aug 2014, 11:00 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    John/Bob - dividing up $15 million over 100 investors ($150K each) is not much of an individual investment (risk) for bigger players; dividing 15 mil over 10 investors ($1.5 million each) begins to make for potential ouch decisions requiring more thought for that same ilk of investor. Especially, when they are more than likely being confronted daily with plenty of such opportunities (and then pick one, or not).

     

    At this point, the future moves we are waiting for are by the hungry funds jumping all over the $3-5 future wonder stock.

     

    Too bad that comes after the additional stock issuance, but hey, a win or two needs to be created somewhere to get the ball rolling, again. Hopefully, successfully.
    9 Aug 2014, 03:23 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    >Occam, No, Averill is not the same as PbC believer.

     

    Edmund and PbC believer, however, are the same person! ;-) (wouldn't that be a mind-screw?)
    9 Aug 2014, 05:06 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1732) | Send Message
     
    @jakurtz: with due respect, I asked Mr. Averill. I would prefer that Mr. Averill speak (write) for himself, not you.

     

    I guess you missed JP's post in the previous concentrator when I politely asked for JP's input on the matter.

     

    Mr. Averill is certainly free to ignore my direct question, but a response would go along way to clearing up some confusion held by me and other Axion supporters.
    9 Aug 2014, 05:33 PM Reply Like
  • iindelco
    , contributor
    Comments (10177) | Send Message
     
    OR, It would seem that the only way to be assured of the two posters being one in the same and being the person claimed would be a follow up from JP subsequent to a phone call. This is what PBCB indicated in his/her last post when this "game" all started.

     

    "As for proof that I am who I am, my number is in the phone book, but I would prefer that John give me a call to confirm that these recent postings are actually mine and to discuss the logic or illogic of my continued participation."

     

    Not intended as a resolution response to your post but in my opinion it is the only reasonable way to get full assurance short of someone else being intrusive which is not the posters wish. This I think is important yet it grows tiring. I wish you luck for all of our sakes.
    9 Aug 2014, 06:06 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2840) | Send Message
     
    Oscar/Jak/ii --- as so goes from the mouth of a current US political figure of late "At this point in time, what difference does it make?", and in her case I really do believe it matters; here, on this blog, not so much.
    10 Aug 2014, 02:20 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    Just a few days ago John asked PbC Believer:

     

    "Have you considered the intellectual dishonesty of ... relentlessly trash former management ... 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?"

     

    He received no straight answer.

     

    It appears now that PbC Believer is almost certainly the cover for a multi-million share holder deep underwater and PbC's efforts to move the stock price here should be seen in that light.

     

    And with all the IP on the line as security against the loan to PbC Believer (aka Bob Averill), what will come next?

     

    One can only ask. Now who will answer these questions about the behavior of PbC Believer?: "PbC Believer" or "Bob Averill"?
    10 Aug 2014, 11:19 AM Reply Like
  • Ranma
    , contributor
    Comments (2019) | Send Message
     
    Edmund, you are starting counter-productive conspiracy theories here. Bob Averill has little reason to try to swoop the IP, as trying to start a new company with it would certainly cost as much as simply buying more Axion shares at these prices, with much more hassle. If PbC Believer is indeed Bob Averill, it would seem to be more motivated by frustration and some rallying of shareholder activism support. Perhaps he had a different view from other board members, and the appointment of DDG will lead to some of the changes he was looking for.
    10 Aug 2014, 12:19 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    It is a reasoned position, Ranma. The questions have been asked since he first showed up in the guise of a "worry-troll", as someone succinctly put it.

     

    There have been many unanswered requests about the motivations of PbC Believer, requests for a BIO or background, etc.

     

    PbC Believer's comments here certainly do support multiple "conspiracy theories", I have to agree. Not sure I see that as counter-productive, however. How so?

     

    As an investor, I am a fan of open communications and transparency. And when a poster shows up and behaves as PbC Believer did, it's only natural that these theories will arise and these questions will be asked. Which is exactly what is happening.
    10 Aug 2014, 12:40 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >Edmund Metcalfe ... I just wish you'd answer your own question, to your satisfaction of course, and we could all be done with it.
    10 Aug 2014, 12:54 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    There is no way on earth that a single creditor could scoop the IP for less than a million dollars. Management would be obligated to put the company into Chapter 11 where the secured creditors will be entitled to priority of payment but have no right to demand a transfer of the IP for less than full fair market value. Mr. Averill's lawyer assured prompt payment of his note, which is why that particular payment is a line item in the new S-1, but the argument you are concocting makes no legal sense.
    10 Aug 2014, 12:57 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    The questions re' PbC Believer are important, fair and forthright and deserve clear answers. More importantly now that many believe PbC Believer is cover for a multi-million share holder.

     

    This is due diligence, nothing more.
    10 Aug 2014, 01:07 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    Let's not forget that it isn't just myself asking.

     

    In fact, the only up-front multi-million share holder on this site, i.e., RuggedDC, has asked for exactly the same clarification.

     

    A clear statement by "Bob Averill" that he did/did not in fact also post as "PbC Believer" is the least we all deserve.
    10 Aug 2014, 01:32 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    And I vote my 189,000 shares for a clear answer.
    10 Aug 2014, 01:36 PM Reply Like
  • D-inv
    , contributor
    Comments (4219) | Send Message
     
    "PbC Believer's comments here certainly do support multiple "conspiracy theories",..."

     

    Perhaps in minds of those inclined to see conspiracies everywhere.
    10 Aug 2014, 01:44 PM Reply Like
  • RuggedDC
    , contributor
    Comments (423) | Send Message
     
    There is another mystery afoot here, too, adding to conspiratorial possibilities for those so inclined:

     

    Why has JP failed to respond to the several requests from different folks for him to telephone the "real" Bob Averill and seek clarification about usage of these noms de plume "PbC Believer" and "Bob Averill".
    10 Aug 2014, 01:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30456) | Send Message
     
    Edmund> This is the kind of persistent nonsense that drives people away instead of encouraging thoughtful participation. I for one would dearly love to have Bob around for the frequent times when discussions get out of my technical depth.

     

    RuggedDC> I have already said that I am satisfied that PbC Believer was an avatar for Bob Averill and I'm glad to see him posting under his own name. I don't need to call Bob Averill to know his writing style, his thought process and his behavior patterns. I'm convinced. If that's not enough for you, Bob has already said his number is in the phone book.
    10 Aug 2014, 02:38 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2262) | Send Message
     
    I am uncertain what part of any of this qualifies as "nonsense". I consider it quite the opposite.
    10 Aug 2014, 02:42 PM Reply Like