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  • jpau
    , contributor
    Comments (840) | Send Message
     
    Ooh
    16 Aug, 08:02 PM Reply Like
  • tripleblack
    , contributor
    Comments (13508) | Send Message
     
    Mud Jacuzzi set to lightspeed, but the jets are struggling...

     

    Sensors set to "monitor".
    16 Aug, 08:24 PM Reply Like
  • LT
    , contributor
    Comments (5022) | Send Message
     
    Exide targeted in federal criminal probe of California plant

     

    Exide Technologies (OTCPK:XIDEQ) has been hit with a grand jury subpoena in connection with a criminal investigation involving its Vernon, Calif., lead recycling plant.

     

    Revelation of the federal criminal probe is the latest development in a long history of trouble involving the Vernon plant, a source of cheap lead for Exide's battery-making operations.

     

    Exide yesterday announced layoffs of 64 employees at the facility.
    17 Aug, 04:30 AM Reply Like
  • greentongue
    , contributor
    Comments (861) | Send Message
     
    Guess they are going to need some carbon to "green up".
    I know of a carbon anode that could fit right in. ;)
    17 Aug, 08:54 AM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Consider the humble pendulum.

     

    It would prefer to rest comfortably in the six o'clock position, but it can be pushed to the five, four, three or even two o'clock position if circumstances exert an increasingly strong force for each tick downward.

     

    When circumstances change and the strong force is relaxed or abruptly taken away, the pendulum doesn't simply return to the six o'clock position. It overshoots the six o'clock position and doesn’t stop until it hits a high that's a mirror image of the previous low.

     

    Stocks behave the same way, particularly when a handful of big stockholders who were willing to behave badly exacerbated the inherently terrifying prospects of owning stock in an R&D company.

     

    The most striking example I can think of is Plug Power which hit an all-time low of $0.13 in February of last year, which worked out to a market cap of $4.9 million. At Friday's close Plug's stock price was $5.92 and its market cap was $988 million. Plug wasn't fairly valued at $4.9 million and it's not fairly valued at $988 million. The truth is somewhere in between and in the fullness of time the market will figure out what the real number should be.

     

    I believe Axion's situation in the summer of 2014 is very similar to Plug's in the spring of 2013. Circumstances, impatience, savage financiers, and fear have driven the stock price down to a ridiculously low level for a company that's spent a decade developing and proving the value of an unique and extraordinary new product.

     

    Axion's unregistered stock sales over the last few years resulted in the resale of about 170 million shares into an illiquid market. With the exception of the PIPErs who are now on a tight leash, everybody who had bargain priced stock and wanted to sell has already done so. The investors who buy in the pending registered offering will do so for one reason, to make money. Under the circumstances I believe Axion's stock price is due for the same kind of major reversal we saw with PLUG. While I won't even try to guess what the overvaluation extreme will be when Axion's pendulum swings the other way, I think the stockholders' mood will be very different a year from now.
    17 Aug, 08:57 AM Reply Like
  • DRich
    , contributor
    Comments (4614) | Send Message
     
    >JP ... I can only hope. Plug did it with a little ink on paper and sector enthusiasm.
    17 Aug, 09:08 AM Reply Like
  • bubbleking
    , contributor
    Comments (123) | Send Message
     
    I think the many blogs on PLUG helped countless retail investors. Many of the bloggers would itemize in a very easy to read list all of the past successes, current success, and potential future successes. It made it very easy to get up to speed on the potential of the stock. The lists provide reference points for the potential investor to dig deeper, validate the information and see the big picture, for better or worse. This concentrator is filled with useful information, but I wouldn't consider it to be concise or an easy way to take in all the positive aspects of AXPW at a glance, or even after several days of reading. Maybe there is a place around here that I haven't found with a webpage with all the "wins" or the page with "potential wins."

     

    As an example, and feel free to edit or add to this, as it isn't complete. Nor am I nearly as versed in Axion as most of the people here. It's just an idea.

     

    -Industry partner with Norfolk Southern
    -Key component NS's battery operated locomotive
    -Industry partner with ePower Engine Systems
    -Successful integration into Class 8 trucks by ePower, providing acceleration, hill climbing and regenerative braking for 20-30% fuel savings.
    -Successful PowerCube integration into stationary storage and frequency regulation applications with proven positive cash flow generation and a short break even timeline
    -PowerCube is scalable from 10kW to 20MW
    -Successful integration of mini PowerCube in a Zero Energy Building in the Washington DC Naval Yard since 2012, providing demand response energy storage that is grid network tied, linked with a solar panel array and supplies standby power service.
    -Viable candidate for start/stop automotive applications using 100% recyclable materials.
    -etc.
    17 Aug, 12:10 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    http://seekingalpha.co...
    17 Aug, 12:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    If the link John provided is somewhat similar to what you had in mind, note that it is also linked in the header of every APC since the JP blog was published.

     

    Lots of folks seem to skip the information available in the header for some reason.

     

    HardToLvoe
    17 Aug, 12:24 PM Reply Like
  • bubbleking
    , contributor
    Comments (123) | Send Message
     
    Thanks for the link, John. That is a lot of great information and detailed research but it outlines every past event, not the major successes. The point is to entice a retail investor to seek that type of research and detail, to get AXPW on the radar.
    17 Aug, 12:53 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    JP> what do you believe will change stockholder's mood over the next year?
    17 Aug, 12:55 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6010) | Send Message
     
    I think its the SA one time article focus HT. With SA's approach, header content does not change over time, only the comments are changing.

     

    With a news concentrator approach the headers are used like a library where key events are recorded. This allows people to rapidly catch up on what amounts to an infinite length article. On my news concentrators I even state what the headers are for right at the top of the header. But no one reads it, so once people go to the comments, they just don't seem to go to the headers anymore.
    17 Aug, 01:19 PM Reply Like
  • geopark
    , contributor
    Comments (302) | Send Message
     
    Good comment BBK, yes the 'raw data' is available (thanks JP & HTL) but the point is 'SPIN'. We may not like it (I do not) but this is reality. Many have commented on the failings of Axion PR, and BBK hits this particular nail on the head.
    17 Aug, 03:20 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Bangwhiz> The stockholders mood in every company depends on the direction of the stock price. Rising price = happy holders. Falling price = unhappy holders. It's that complex and that simple.

     

    For the last four years there's been a line of big stockholders who were eager to sell for a variety of reasons and didn't much care about the price. Time to cash was the only thing that mattered to them.

     

    The line of big stockholders who are eager to sell is now ancient history. The PIPErs are the only guys left with any inventory and they just signed on to a strict code of conduct. The daily beat downs this stock has suffered for the last four years are over, done, fini.

     

    I usually don't update my FINRA graph until we're three weeks into a month because I think forecasting monthly volume based on 11 trading days is a bit presumptuous. I made an exception this month and updated the FINRA graph early because after hanging around in the 30% to 40% range for the last four years, the short percentage plummeted to 13.4% in August, which is exactly what I've been predicting.

     

    I've represented clients in connection with registered offerings and while everybody else around here is worried about the financing I know the money is already in place. I also know that investors in this registered offering will behave very differently from the investors in Axion's prior unregistered deals. Axion has graduated from doing business with payday lenders to doing business with investment bankers.
    17 Aug, 03:31 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Thanks for the reply JP. Back into lurk mode.
    17 Aug, 08:46 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2129) | Send Message
     
    Hi BW,
    Oh no you don't. You can't go back to lurk mode until I've said "How ya doin Bud"? Don't hear from you much any more and just want to make sure you're OK.
    17 Aug, 09:15 PM Reply Like
  • Amouna
    , contributor
    Comments (1621) | Send Message
     
    Time to fire the PR firm handling Axion then and invest a bit more in the public image. We are not and RD company anymore and if we want to change the perception of the market of us, time to make ourselves a desirable prospect. Whining against the market is an unproductive task, adjusting to it is a positive step forward...
    18 Aug, 06:44 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    I'm fine Stilldazed. Thanks for asking. Although I took a beating on my AXPW investment I have followed the stock and the APH ever since hoping for a sign that I could reinvest and recoup my losses. So far I haven't been encouraged to hold Axion long. I made a couple of small buys, but had to dump them when I was being dragged back into the same closet where I got the crap kicked out of me before.

     

    Unless one of Axion's past prospects unexpectedly starts buying in volume I think based on my sales experience the combination of renewables and FR looks like Axion's best opportunity. It overcomes the problem of having to design an entirely new system at great risk and expense (like stop-start) in order to use the battery. You just use them like you would any other battery for the most part.

     

    What Axion managed to obscure from investors was just how much additional r&d needed to be done before it could really produce the PbC in any large quantity. Axion just wasn't there until the roll sheeting process was resolved. Since I invested prior to that accomplishment it was an investment based on hype, not reality.
    18 Aug, 01:41 PM Reply Like
  • bazooooka
    , contributor
    Comments (2786) | Send Message
     
    BW,

     

    Good point. I do remember the many heated conversations about the roll sheeting disclosure and how many had thought Axion was already commercial ready well before 2013. Makes some of the old conversations about PbC volume seem silly since Axion was still using grandma's recipe and not a commercial kitchen.
    18 Aug, 05:17 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2129) | Send Message
     
    Hi BW,
    Happy to hear your doing OK, and my sock drawer continues to gurgle from being underwater, but this is the only way that I can currently support the tech that I think is an ultimate winner.

     

    Yeah, I remember all the surprise and astonishment on finding out that the sheeting process hadn't been automated before, but to me and my fabrication experience it was bound to be something that was in primitive stages of development. I still see (in theory) the possible announcements of new and improved processes that will further cut costs of production for higher margin of profit while lowering the end user costs (yes, I realize that in time a cost efficiency peak will be reached).

     

    Hang in there Bud and keep hanging around, you have friends here whether you are invested or not, that appreciate your opinion to help keep us honest.
    19 Aug, 04:03 AM Reply Like
  • todi18
    , contributor
    Comments (44) | Send Message
     
    JP Can you lay out the likely logistics of this new stock offer? Obviously they need to do the RS first. Do they notify everyone electronically one day that the old shares are obsolete and new ones have been issued or is there a week process to do this? Are the new shares now uplisted or does that happen days or weeks later? Does Maxim start subscriptions during the one day or week Axion is swapping shares or do they have to wait until all shares are exchanged? Or does it literally all happen in one 24 period.

     

    My beer is cold. I just need to know how much popcorn to make before the show begins. Thanks
    19 Aug, 07:16 AM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    I think they'll do everything concurrently, or as close to concurrently as humanly possible. When a Form S-1 registration statement clears the SEC, the last step in the process is requesting a specific effective date and time.

     

    FINRA requires 10-days advance notice of actions like reverse splits and listing upgrades. The SEC requires 3-days advance notice for an order of effectiveness.

     

    Since Axion currently satisfies all of Nasdaq's quantitative listing requirements except for the stock price, a reverse split and market upgrade can happen simultaneously, particularly with appropriate assurances from the underwriter of a concurrent public offering.

     

    While juggling the required notice periods can be a challenge, it's not rocket science. As long as proper notice is given to all necessary parties, everything should occur seamlessly.
    19 Aug, 09:22 AM Reply Like
  • cstone
    , contributor
    Comments (30) | Send Message
     
    One can dream! ..and wonder. I wonder: If Axion has a surge like Plug, will there be more...or fewer...posts per day on the Axion Instablog?

     

    While emerging from lurk-mode, allow me thank Ranma for the follow-up post about his call with Nick Hall at Maxim.

     

    Also, thanks to JP and you all who keep this interesting while we wait for the pendulum to be released.

     

    Now, re-lurking.
    17 Aug, 09:21 AM Reply Like
  • raleigh731
    , contributor
    Comments (289) | Send Message
     
    cstone. I think the posts per day will increase dramtically, along with followers...so it will be exponential, along with the shapre price!! ;-)
    17 Aug, 12:59 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1137) | Send Message
     
    i look forward to AXPW fanatics and comparing their faith to TESLA's fanatics
    18 Aug, 10:12 AM Reply Like
  • rgholbrook
    , contributor
    Comments (116) | Send Message
     
    Keep in mind three things about PLUG:
    1) Its share price went up as it accumulated 1st and then follow-up installations at one or two gigantic regional distribution centers with well known companies like Walmart, BMW and P&G.
    2) It severely reduced its COGs by streamlining unit production
    3) The value it brings customers is not always based on energy savings, i.e. PLUG installations save the customer man-hours and warehouse space by eliminating lead battery charging systems.

     

    FWIW - While no numbers have been seen to support the theory, some claim that part of the PLUG run-up was due to a short-squeeze.

     

    AXPW has already reduced it production costs thru the sheeting upgrade; and proven customer savings in grid and truck applications. My take is one big order with a well-known brand-name and the stock price could really do some open field running.
    17 Aug, 06:59 PM Reply Like
  • kevin lemm
    , contributor
    Comments (117) | Send Message
     
    We have a new institutional investor. As of 6-30-2014, the previous investors are still here, and Janney Montgomery Scott LLC has been added.
    INSTITUTION NAME SHS HELD
    Inverness Counsel LLC 476,787
    Janney Montgomery Scott LLC 50,000
    City National Bank 20,000
    18 Aug, 06:52 AM Reply Like
  • kevin lemm
    , contributor
    Comments (117) | Send Message
     
    It seems the more I learn the less I know. Janney Montgomery Scott besides being a recent addition to Axions’ institutional investors had Axion listed in there Equity Offerings for General Infrastructure Universe* from 02/01/2012 for $10MM.
    page 18, of their infrastructure-2012-Q1
    http://bit.ly/1BtikUP
    18 Aug, 08:43 AM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    Kevin, Sounds like this might be some kind of sector fund that automatically purchases some level a stock only because it is a part of a sector in publicly traded assets. I forget the sector Axion is in. I say this because the level of ownership by Janney Montgomery Scott LLC is hardly worth doing the DD to make a buy decision. Thus one would suspect the purchase was purely mechanical in nature based on how a fund is packaged and marketed.
    18 Aug, 11:25 AM Reply Like
  • kevin lemm
    , contributor
    Comments (117) | Send Message
     
    Iindelco, a sector fund purchase seems logical. The upside, I assume, would be that Axion is now on one of Janney's sector fund list where in the past they were not.
    18 Aug, 03:27 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Sector funds typically prohibit the ownership of OTC stocks in general and sub-$1 stocks in particular.
    18 Aug, 03:36 PM Reply Like
  • kevin lemm
    , contributor
    Comments (117) | Send Message
     
    Well for some reason a well respected wealth management and financial advisor decided, in the second quarter of 2014, that Axion is a good investment, started its position with a $7,000 purchase. And that helps me feel good about my purchase, and has me looking for funds to increase my investment.
    18 Aug, 04:14 PM Reply Like
  • Amouna
    , contributor
    Comments (1621) | Send Message
     
    kevin,

     

    How do we know the manager is a "well respected one"? I have never heard of them this side of the Atlantic...
    18 Aug, 04:40 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    You don't make it with SF rents without having a large client base, lol.
    18 Aug, 04:48 PM Reply Like
  • kevin lemm
    , contributor
    Comments (117) | Send Message
     
    Amouna – Sorry I took so long to respond but my time for this has been in bits and pieces lately. Regarding my optimism about Janney Montgomery Scott being well respected, It’s probably not that relevant if Janney is a respected financial advisor with a 180 year history and over 100 branch offices, which it has, or if it's in its first year of doing business and has no history and minimal assets. I view positively any institutional purchase. However, Janney Montgomery Scott has investments in 2338 companies’ worth over $4.5 billion dollars, and Axion is one of them.
    http://bit.ly/1kVyq4p

     

    The $7000 purchase Janney made is small by their standards but it is investment dollars they could have spent anywhere, and they chose to invest in in Axion.
    The comment that they are well respected is a conclusion I came to based on the information I found on their web site
    http://bit.ly/1rmG76S

     

    which includes interviews with various media outlets, three advisors named to Financial Times “FT 400” list of top advisors, seven Janney financial advisors named among the best in the country according to Barron's 2014 list of top advisors. The list continues. My point is, these people seem, to me, to be on the top of the money making game and they chose to invest in Axion, and I like it.
    20 Aug, 02:34 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    thanks for your efforts on this angle, kevin
    20 Aug, 05:21 PM Reply Like
  • LT
    , contributor
    Comments (5022) | Send Message
     
    Kevin, I agree that any investor in AXPW is a positive. I didn't go back and read the earlier post, but when/how long have they been invested in AXPW ?
    20 Aug, 09:33 PM Reply Like
  • kevin lemm
    , contributor
    Comments (117) | Send Message
     
    Janney's investment in axion was registered with their financial statement ending 6-30-2014. I check Axions ownership daily. The investment showed up on Axions list of investors on August 18, 2014. To me that means they invested in Axion some time in the second quarter of 2014.
    20 Aug, 09:54 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Most funds file quarterly holdings reports with the SEC, which is where the data you're looking at comes from. The holdings reports are due 45 days after the end of the quarter, so you shouldn't expect to see changes more frequently than once every 90 days.
    21 Aug, 06:07 AM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    So Friday someone almost couldn't sell fast enough to get out and today we go back to "beg a trade" and "cat and mouse" mode. Jeez this is one odd stock.
    18 Aug, 10:03 AM Reply Like
  • nym
    , contributor
    Comments (353) | Send Message
     
    In supporting himself against a troll, JP claimed he had brought investors to this blog. He can count me in on that: I have followed him for a few years.

     

    I like to think several months ago I helped provide a floor in AXPW at 0.1 and 0.098. A few minutes ago I bought at 0.092.

     

    Disclaimer: obviously I am talking my own book. Get 'em while you can, or buy them later from me at a much higher price.
    18 Aug, 11:36 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1453) | Send Message
     
    nym> Everything you said just now we have in common.
    18 Aug, 02:26 PM Reply Like
  • todi18
    , contributor
    Comments (44) | Send Message
     
    Ditto for me as well

     

    Ok lets do the math - 260 million shares out now. 160 million more coming with the next issue. Probably 160 million more with warrants. The upside is easy. 600 million shares for $.5 to $1 billion value. That's a nice pop from where you are today.

     

    The downside is easy too. There is no cash stream for the next 12-24 months and we do this all over again but now there are going to be 1.8 billion shares out. Value is still the same with the upside now being only $0.30 per share. Ok that's still a 3x jump from where you are today.

     

    Of course its possible the market says enough already and you lose 90% or what you have today.

     

    Strap yourselves in because it's gonna be a helluva ride for those that have the stomach for it.

     

    Oh yeah. For those who like to pick on everything said, the numbers above are pre RS and rounded to make the math easier.
    18 Aug, 04:03 PM Reply Like
  • timzinski
    , contributor
    Comments (84) | Send Message
     
    I am positively excited about the next few weeks for Axion.

     

    Sold a little KNDI for 388% gains.

     

    Bought more AXPW this am for 9 cents in a ROTH.
    Not that I'm a strict bottom-feeder...just that someone must have needed to raise cash and was forced to sell so I am just helping them out :)

     

    Thanks to all the usual smart posters for keeping the information current.

     

    Tim
    Still Long AXPW KNDI
    18 Aug, 11:48 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    +13000

     

    I'll have some hushpuppies and fried catfish with that, please.
    18 Aug, 01:08 PM Reply Like
  • User550230
    , contributor
    Comments (52) | Send Message
     
    20,000 shares picked up at .09!
    18 Aug, 02:27 PM Reply Like
  • nym
    , contributor
    Comments (353) | Send Message
     
    Somebody bought 500k at .091. Let's hope a bottom has been set.
    18 Aug, 03:22 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    The largest trade so far is 100K @ $0.880.

     

    HardToLove
    18 Aug, 03:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    Total shares trade at $0.091 were 23K, two sells and two buys.

     

    They were at different periods during the day.

     

    HardToLove
    18 Aug, 03:59 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    15:55-15:57 another 43.6K, all sells.

     

    And somebody was nice enough to spend $94.20 + fees to paint the tape at the close with a $0.0942 buy of a whopping 1K shares. That'll fool all the chart-only traders ... Yeah, right!

     

    HardToLove
    18 Aug, 04:09 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    Painting the close does help our emotions, which in turn makes a difference. Hard to measure, though.
    18 Aug, 04:14 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    Brings a smile to my face every time :)
    18 Aug, 05:00 PM Reply Like
  • nym
    , contributor
    Comments (353) | Send Message
     
    Yes, 100k at .88 is the important trade. When my trade executed immediately, I asked my broker if it was too early for buyer's remorse.
    18 Aug, 05:32 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    0.088, undoubtedly, nym. Got in on that myself.
    19 Aug, 08:28 AM Reply Like
  • Billion003
    , contributor
    Comments (207) | Send Message
     
    Why 9c. Why not lower? Or higher?
    18 Aug, 03:47 PM Reply Like
  • nym
    , contributor
    Comments (353) | Send Message
     
    When will good news come? 1 year? Never?
    18 Aug, 05:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    50-day SMA $0.1298, 200-day SMA $0.1301.

     

    "Death cross".

     

    HardToLove
    18 Aug, 04:12 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    HTL - can you translate "death cross" for those of us that are not chart geeks?

     

    http://bit.ly/N9ymOk - Does this predict bad news? Reliably? Or just a Ouija board? Does it become a self fulfilling forecast?
    18 Aug, 04:41 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    Rick: I *suspect* that all these TA items have a component of self-fulfilling prophecy. No matter though - it works in that case too!

     

    The most succinct definition is here.

     

    http://bit.ly/N9ymOk

     

    An important part, stated there and I agree, is volume, which we have.

     

    HTH,
    HardToLove
    18 Aug, 04:50 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    It just means that the short term moving average has fallen below the longer term one. Or in other words, the price has been falling lately. Chartists say that it's bad sign - well no kidding... the price has been falling. I've seen just as many death crosses or golden crosses where the stock ended up reversing as it happened at the end of the move.
    18 Aug, 04:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    Ranma: That's supposedly because a lot of long-term investors key on those averages as support point or resistance points.

     

    I don't know, don't care - I never consider them in isolation, but just add them to the scales on the appropriate side and make my best SWAG.

     

    HardToLove
    18 Aug, 04:53 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    Believe it or not, I use charts for all my trades. I just want an intuitive explanation why it works. For me, moving averages are rooted in psychology. They tell you other people's price points, and thus where a move might end if the fundamentals aren't strong enough. Bollinger bands are rooted in statistics, obviously, with a reversion to mean strategy. I don't know what death crosses tell you other than that the price had been falling. Back in the first week of April, AXPW had a golden cross that subsequently led to a price fall. It seems that in AXPW, one should do the reverse of a cross.
    18 Aug, 05:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    "For me, moving averages are rooted in psychology. "

     

    IMO, it's all in the mind even when there's good underlying statistical support. If the market *believes* in the indication and responds, any one indicator is as good as any other.

     

    If the market doesn't respond, it's all useless. This is often the case when a catalyst causes a move that all the TA says shouldn't happen - the psychology of the catalyst overrides other considerations.

     

    Statistical or not, think about JP's "battered stockholder syndrome". It's very real and likely has a very large effect regardless of statistical considerations, which are all predicated on the education we've been given that says when we see "this", "that" is likely to happen.

     

    Long-term, medium-term and short-term investors and traders, each with unique situations and backgrounds, likely respond to different TA indications in different ways.

     

    MHO,
    HardToLove
    18 Aug, 06:34 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Looks like Aquion made the local Pittsburgh cut -

     

    http://bit.ly/1oV2BnJ
    18 Aug, 04:16 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    SM: I read the Pittsburgh Post Gazette most every morning, and caught that nomination, too. (Being a Steelers, Pirates and Penguins fan, I read the PPG most every morning.)

     

    Not sure of the "rules" to be a "Tech Finalist," but I believe Aquion is located inside of Allegheny County.
    18 Aug, 06:06 PM Reply Like
  • nakedjaybird
    , contributor
    Comments (2778) | Send Message
     
    Maya - nut'in lik a Steller, Pirat and Pengin from da Burg, for yenz all to enjoy.
    18 Aug, 10:00 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    NJB: Funny! Three days after moving from Philly to Pittsburgh, in 1968, I befriended a pal whose suburban mom yelled down into the refurbished basement pool room this:

     

    David! Yinz aren't goin' to the shopp'n maw until aftah' yinz red up your bedroom!

     

    I thought I had moved not just across the state, but into a new country.
    18 Aug, 10:12 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    Hmm, 50 local companies selected annually for the last 18 years ... AFAIK Axion has never been nominated ... the PR black hole continues ....

     

    "The Pittsburgh Technology Council's Tech 50 Awards honor *southwestern Pennsylvania's* most successful and innovative technology companies" so it does not seem restricted to Pittsburgh proper geography.
    19 Aug, 05:58 PM Reply Like
  • hschindler
    , contributor
    Comments (24) | Send Message
     
    Does one need an account with Maxim to participate in this deal? Is it even possible if one isn't an existing client? tia
    18 Aug, 07:16 PM Reply Like
  • D-inv
    , contributor
    Comments (4141) | Send Message
     
    "Does one need an account with Maxim to participate in this deal? Is it even possible if one isn't an existing client? tia "

     

    If you are an AXPW shareholder presently it appears you be able to participate.
    18 Aug, 07:50 PM Reply Like
  • hschindler
    , contributor
    Comments (24) | Send Message
     
    I am through Schwab. Up to this point I haven't received any calls
    18 Aug, 07:55 PM Reply Like
  • 23808
    , contributor
    Comments (81) | Send Message
     
    D-inv
    "If you are an AXPW shareholder presently it appears you be able to participate"

     

    How? Please furnish more detail !
    18 Aug, 09:12 PM Reply Like
  • todi18
    , contributor
    Comments (44) | Send Message
     
    Here you go to join the full length tour.

     

    Let Nick know you're a current holder and he will contact you when Maxim releases the offer. At this point he only knows what we know.

     

    Nicholas Hall
    Private Wealth Management

     

    Maxim Group LLC
    The Chrysler Building
    405 Lexington Avenue, 2nd Floor
    New York, NY 10174

     

    W: 212.895.3803
    F: 212.895.3555

     

    nhall@maximgrp.com
    http://www.maximgrp.com
    18 Aug, 09:43 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    I won't be calling.
    18 Aug, 10:13 PM Reply Like
  • bubbleking
    , contributor
    Comments (123) | Send Message
     
    I found a Vani Dantam presentation from Indiana's Greening Your Fleet 2013 conference last September

     

    I did a quick search to see if this is a repeat.

     

    http://bit.ly/1hIaKcu

     

    Here is the conference info
    http://bit.ly/1thplTa
    18 Aug, 07:29 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    Money-wise, there simply cannot be at this point in time a bigger winner about Axion Power than Seeking Alpha.

     

    I'm thinking that SA is nearing over $200,000 with just the clicks from this blog and JP's articles.

     

    That's more than I lost! ;-)
    18 Aug, 10:18 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Unless I'm mistaken, SA doesn't generate any ad revenue from Instablogs. This page doesn't have any banner or other ads, so I suspect its a cost center rather than a revenue center.
    18 Aug, 10:23 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    Unless I am mistaken, clicks always count$

     

    SA founder, David Jackson, when I queried him way back about how to monetize Instablogs, he wrote back (paraphrasing) that there would never be an advertiser that would pay to advertise on a non-published blog.

     

    His innuendo was about how would an advertiser ever have a model to gauge the success of any blog?

     

    He was and still is right about any other blog, except this one.

     

    I want to buy a first row seat through Ticket Hub for the 999 unveiling. Please advertise that here!
    18 Aug, 11:09 PM Reply Like
  • Bill Burtchaell
    , contributor
    Comments (412) | Send Message
     
    A simulcast please!
    19 Aug, 11:07 AM Reply Like
  • isthisonebetter
    , contributor
    Comments (326) | Send Message
     
    maya,

     

    I believe JP is correct. SA requires that you disable ad-block to use their pages and even with ad-block disabled, I do not see ads on instablogs -- while they are prevalent on the rest of SA.
    19 Aug, 12:25 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    Page views count. It's how SA measures how to pay a Contributor. No advertisements necessary. But the more, the merrier.
    19 Aug, 03:12 AM Reply Like
  • JohnM121
    , contributor
    Comments (399) | Send Message
     
    Speaking for myself, I would not have joined SA if not for this blog. And since I read this regularly, I also visit some published articles that have advertising. Facebook counts active users as individuals those that visit one time a month. This blog gets me to read articles much more often than that.
    19 Aug, 09:33 AM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Clicks only matter when there's an advertiser who's willing to pay for space on the page a user visits. SA has several ads on each article so there's plenty of pay per click advertising revenue on main pages articles. I don't think that's true for instablogs.
    19 Aug, 09:41 AM Reply Like
  • Bill Burtchaell
    , contributor
    Comments (412) | Send Message
     
    Same here JohnM, this blog is the only reason I came to SA. The information you need is all here, just need to sift through it. I now find myself focusing my inquiries on other potential investments by reviewing articles and comments here on SA.

     

    A great resource especially with the expertise we find here on AXPW posters.
    19 Aug, 10:56 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    08/18/2014: EOD stuff partially copied from blog (up now).
    # Trds: 114, MinTrSz: 500, MaxTrSz: 100000, Vol: 1619708, AvTrSz: 14208
    Min. Pr: 0.0860, Max Pr: 0.0961, VW Avg. Tr. Pr: 0.0904
    # Buys, Shares: 43 709195, VW Avg Buy Pr: 0.0911
    # Sells, Shares: 69 898013, VW Avg Sell Pr: 0.0899
    # Unkn, Shares: 2 12500, VW Avg Unk. Pr: 0.0904
    Buy:Sell 1:1.27 (43.79% "buys"), DlyShts 249145 (15.38%), Dly Sht % of 'sells' 27.74%

     

    Yesterday, after touching on what traditional TA and my newer inflection point calculations suggested, it seemed sub-$0.09 VWAP was near. Today was close with a VWAP of $0.0904.

     

    Today's stuff has quite a few bearish indications going on and with volume rising for the second consecutive day on a falling low and VWAP. This a negative indication. The possible exception is the volume is high enough that it might suggest an end of the down trend. But it didn't spike higher so it's not as strong an indication of an end of trend. It “progressed”, suggesting there's more downside left.

     

    My non-traditional stuff continues to show weakness, including average buy percentages trending lower, newer inflection point calculations still trending weaker for the fifth day, weak daily short percentages, and VWAPs trending lower for the third consecutive day.

     

    I think it's going to take some low-volume days to stop this trend because recently all high-volume days bring weakness.

     

    The 600K $0.085 bid from NITE appeared today at 12:20. We're approaching it with today's low of $0.086. 116K traded in the $0.0861 - $0.0860 range. Based on the past, when we had long-term apparent support built up to around 850K on the bids at a low price, the support this offers might hold no more than two or three days when it comes into play.

     

    On the traditional TA front, a lower high and low on rising volume, ~402.9K, ~1.5MM and ~1.62MM, is enough by itself to suggest nothing good this way comes.

     

    Someone was nice enough to paint the tape at the close with a buy of 1K shares for $0.0942 at 15:59:13. The trades just prior were in the $0.0900 - $0.0910 range after coming out of the high $0.08xx area. That closing trade prevented a close below my short-term rising support, but just barely since, AFAICT, it's ~$0.094.

     

    Ignoring the paint, today would have closed at $0.0900, fitting with yesterday's suggestion of a move lower when we had a penetration of the short-term rising support but closed above it at $0.0974.

     

    Unfortunately that close was also suspicious as a 1K buy for $0.0974 went off at 15:59:46. Trades just prior were several with good volume at $0.0903. Worse, the painter had to strike twice more to get the job done. In the midst of those low-$0.090xx trades were two more buys in the $0.097xx range: 15:58:20 5K buy for $0.0973 and 15:58:32 1.8K buy for $0.0974.

     

    So, I'm convinced that the real trading has had a close below the rising support on consecutive days now, confirming a break below. This suggests more downside is available. It means I'll need to adjust that support line as well to try and find a more likely stronger support. Could be tough to do.

     

    I mentioned the resistance of a descending trading channel was rapidly approaching our trading range ...

     

    ... On the other end, the falling support is ~$0.0825. If we are in the midst of a down leg within that channel and it completed transversal of the channel today, that would be our target. Tomorrow would be ~$0.800.

     

    Most of the oscillators I watch weakened. The ones that didn't were MFI and momentum, which appear mostly flat.

     

    ... I had changed my “death cross” date “... to possibly Monday and certainly Tuesday”. Got it today, Monday, with readings of $0.1298 and $0.1301 for the 50 and 200-day SMAs,respectively. If this has the traditional effect we should break out of consolidation very soon.

     

    I still don't believe we'll make the transition from short-term consolidation to medium-term. Yesterday I said “I'm not saying a close below $0.09 right away, but it sure looks like that's coming soon”. That's still my best SWAG. Without the tape painting today (and yesterday) we would have closed most likely at $0.0903.

     

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

     

    HardToLove
    19 Aug, 09:17 AM Reply Like
  • growsmart
    , contributor
    Comments (170) | Send Message
     
    interesting

     

    http://seekingalpha.co...
    19 Aug, 09:38 AM Reply Like
  • alpha5one
    , contributor
    Comments (134) | Send Message
     
    For what it's worth:

     

    Recycling old car batteries into solar cells: Environmental twofer could recycle lead batteries to make solar cells

     

    Date: August 18, 2014

     

    Source: Massachusetts Institute of Technology

     

    Summary: This could be a classic win-win solution: A system proposed by researchers recycles materials from discarded car batteries -- a potential source of lead pollution -- into new, long-lasting solar panels that provide emissions-free power.

     

    http://bit.ly/1oNOvdF
    19 Aug, 11:44 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    Alpha5one: "... to divert toxic material from landfills".

     

    From what we've been told, 99.99% of lead batteries are already recycled?

     

    ISTM that this is a situation of taking resources from elsewhere and applying it to a less economically efficient application?

     

    I hope someone corrects me if I'm wrong.

     

    One possibility: if the much-hyped displacement of LABs by the all-powerful and omnipotent Li-ion chemistries, then there should be lots of LABs available for these solar panels.

     

    But after a couple decades(?) of development and EM's "giga factory" in development to primarily power electric vehicles, I have trouble imagining the Lithium batteries displacing a large amount of LABs.

     

    I don't know, of course.

     

    HardToLove
    19 Aug, 11:52 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    HTL - I think the recycling number in the US is about 97%, and much lower in other countries. [not verified]

     

    I question other parts of the article - especially that there will be a decline in demand for new car batteries. Last time I checked, there was a waitlist of several billion people wanting a car.

     

    If the process is low tech and simple enough to used in developing countries, it could be interesting. However, I share your skepticism.
    19 Aug, 11:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    Rick: I bet your 87% is correct. I probably conflated 99.99% recyclable with "recycled".

     

    As to reduced demand, we also have a likely short-term demand increase in the U.S. as our average car on the road age is reputed to be over 11 years now - I forget the exact average age. So new car sales will likely continue climbing and demand more LABs for the near-term and those sold or traded used cars will have a fair percentage of batteries replaced as well.

     

    HardToLove
    19 Aug, 12:10 PM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    Interesting Boris Monahov presentation if you Google search for,

     

    http://bit.ly/1oNTECy

     

    I never seem to get any better at posting links for PDF files. Perhaps HTL or someone else can compensate for my endless mind block once again.
    19 Aug, 12:09 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    Indy-

     

    Is this the link?
    http://bit.ly/1oX5BzG

     

    Then go to the one for Monahov?

     

    Seems like ALBAC is in for the Ultrabattery...Why?
    19 Aug, 12:19 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    iindelco - Is this what you tried to post? http://bit.ly/1Byf1M9

     

    This http://bit.ly/1qmJqo7 downloads without asking, depending our your browser settings.

     

    I copy the link and post it to bit.ly, then copy the shortened link. This is often more reliable than SA's approach.
    19 Aug, 12:19 PM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    Thanks Mr. Holty and Rick K. Rick's second link is what I was hoping to share. Bravo!

     

    Edit: This is not to say there is nothing interesting in the other ALABC presentations. I just have not reviewed them yet if in fact they allow access.
    19 Aug, 12:24 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Interesting commentary on the Ultrabattery on slide 18.

     

    Is this an ALABC document or an Ultrabattery advertisement? Guess Alan Cooper gets the last laugh?
    19 Aug, 12:34 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    I would love to get Mr. Buiel's thought on the Monahov presentation.
    19 Aug, 12:30 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Maxwell gets a wayside rail win:

     

    http://prn.to/1oXavwP
    19 Aug, 01:00 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    Venture investment in ZBB's Chinese joint venture:

     

    http://bit.ly/1oO4GaO
    19 Aug, 01:02 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    Barely any volume today. Maybe another PIPE finished taking a dump?

     

    Let's move this baby back up.
    19 Aug, 02:11 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    In times of uncertainty it's not uncommon for the timid to seek cover. The level of uncertainty about Axion has been high for a very long time. Since the FINRA short volume is uncharacteristically low this month, I think the limited selling we've seen has come from a small number of timid Axionistas instead of the PIPErs. Since timid is not a common character trait in this crowd, I don't expect the selling pressure to last or grow.
    19 Aug, 02:22 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2432) | Send Message
     
    Looks like my "over-under" of the 19th is going down the drain ...

     

    "Quickie update: NS 999 hasn't moved...still sitting just west of test shed."

     

    http://bit.ly/1rTOemU

     

    6:11 AM - 19 Aug 2014

     

    Back on the 15th (don't think anyone posted this)

     

    "@Ponzi_NL I don't think it's just been charging this entire time. I know they've been tinkering with it but it hasn't moved in 2+ weeks."

     

    http://bit.ly/1oX0wYi

     

    How much more tinkering does that baby need?
    19 Aug, 02:37 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    It could be a crew issue. When I worked in the airlines and there was a new piece of ground equipment we initially only released to it to a very select few that we trusted and felt we would get good feedback. The problem was that those are generally the best/most trusted guy(s) in a location. Those guys are usually in demand.

     

    If we remember we had a poster that knew about training. There may be only a few guys who even know how to operate these things.
    19 Aug, 03:26 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    I don't know if you guys have ever assembled hardware, but it's a PITA. I don't gripe about delays at all - it's endemic to the job.
    19 Aug, 04:26 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    I'm not complaining about it. At this point I don't think its a hardware issue.

     

    I was encouraged that the delay in 2013 was due to a rebuild of software. We had presumed something was happening last year but didn't know. It also ties in with the idea of why NS would buy batteries in the winter because they planned to use them.

     

    You wouldn't have finally charged them and reinstalled them if you didn't plan to use them now. You order the batteries in Dec 2012 because you feel comfortable with running real tests. 2013 is lost as you find a problem with your software and redo it. Now you've moved beyond your software issue and move forward.

     

    It sitting there with batteries (presumably) installed could be the first part of testing. think of it as a airport test. Where its all set to go and sits for 30 days. It would be a good time to test that.
    19 Aug, 05:36 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    mrholty - I cannot see the 999 sitting as an airport test. The batteries have already sat for 17 (or is 19 now?) months. No railroad takes one month vacations.

     

    My guess is simply low priority for management, and there is nothing Axionistas can do about it. At least I hope so.

     

    Any other reason would be worse.
    19 Aug, 05:42 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    Or mgmt. @ Altoona doesn't care about the cute little toy as they have work to get done vs the guys at corporate.

     

    I remember when we (in the field) got several 100% battery powered belt loaders and tugs plus multiple charging stations. A cute little $2M investment for equipment that sat unless certain people were coming through. Then magically that equipment was used when they were around.
    19 Aug, 05:54 PM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    Mr. Holty, I can attest to the fact that new ideas and technologies need a champion. Without such a person or group of persons good ideas can die from neglect. That or lessons learned to advance the technology to a point of benefit go unlearned leading to a less than favorable outcome. There are many ways to skin a cat but only one best way. Far too often "good enough" wins the day. That can be OK but it is never OK to build a tool and not learn all you can from it. But alas, it happens.
    19 Aug, 06:15 PM Reply Like
  • Poul Brandt
    , contributor
    Comments (278) | Send Message
     
    Axion Power to Showcase its Proprietary PbC Battery Technology at The Battery Show 2014

     

    http://yhoo.it/1rU2a0e
    19 Aug, 03:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    Great find and news Poul!

     

    HardToLove
    19 Aug, 03:28 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    I just received an email from one of our friends asking if tickets for The Battery Show could be had for a reasonable price. My reply follows:

     

    "The Battery Show is offering a 1-day pass for $495, a 2-day pass for $945 and a 3-day pass for $1295.

     

    As a speaker I can pass a 10% discount on to colleagues and friends who enter the discount code BDSC10P when prompted.

     

    The registration page on their website is:

     

    http://bit.ly/1rUnrH7

     

    Axion and ePower will both be presenting on the morning of September 17th.

     

    http://bit.ly/1rUnqmk

     

    As you might imagine, I was delighted when the opportunity arose to slip Axion into the same panel as ePower. That way I get to talk hybrid trucks and Axion can talk about the batteries that make the hybrid truck work."
    19 Aug, 04:47 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    That is also the week after the European LA conference on September 9-12 in Scotland.

     

    http://bit.ly/1rUoyXd
    19 Aug, 04:52 PM Reply Like
  • D-inv
    , contributor
    Comments (4141) | Send Message
     
    :-) So, will the public offering precede or follow the battery shows?
    19 Aug, 04:56 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    One can also go to the exhibition for free. It also appears a lot of people are eligible for 50% discount.

     

    http://bit.ly/1pbrvEu

     

    There is a substantial set of free sessions, too.
    http://bit.ly/1miTAFd

     

    The Axion/ePower discussion is not free: http://bit.ly/1yWN0Kj

     

    Axion does not appear in the exhibitors list. Epower does.
    19 Aug, 04:57 PM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    ""Working in tandem with the ePower system, we believe our PbC batteries are demonstrating the potential economic value and environmental impact they potentially bring to the trucking industry," said Axion Power CEO David DiGiacinto..."

     

    That's a lot of potential! :-D
    19 Aug, 05:04 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Axion will be sharing our space on the Exhibition Floor.
    19 Aug, 05:24 PM Reply Like
  • JohnM121
    , contributor
    Comments (399) | Send Message
     
    Speaking of potential. From Wikipedia:
    "The electric potential of a point may also be defined as the work done in carrying a unit positive charge from infinity to that point."

     

    We've all been moving a truckload of positive charges from infinity to that show.

     

    So, the 1 day ticket costs around 5000 shares. I'd recommend going to the free exhibits and buying some more shares. If you show your Axionista card, they may let you touch the battery case.
    19 Aug, 06:02 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    JohnM121, if you are cheap, I wouldn't be surprised that, with your free pass, you couldn't walk in to hear the Axion/ePower anyway. Then buy your 5,000 shares. Security rarely is that tight at trade shows.
    19 Aug, 06:49 PM Reply Like
  • dance621
    , contributor
    Comments (196) | Send Message
     
    If you don't mind me asking, JP, who is paying for the space? Axion or ePower?

     

    In any case, I read the PR a few times looking for any "new CEO vibe". Didn't find much if truth be told but the announcement does seem late. The conference is only a few weeks away. Maybe JP can enlighten us to whether Axion made a few calls to ePower and if axion is a last minute addition to this conference whether this is a statement of intent from the new CEO. "We are coming to get business". Or maybe I am just reading too much into too little.
    19 Aug, 07:06 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    I was invited to speak at The Battery Show last year and declined because we couldn't come to an agreement on expense reimbursement. When Jay was invited to speak this year, they were very happy to have me appear as ePower's public face. While I was initially interested in arranging for an outside parking space for the tractor, the organizers worked very hard to get us affordable space in the Exhibition Hall because we make the biggest HEV in the world. They ended up offering us a 20x30 space near the conference dining area. Since the footprint for the day cab is 9-1/2 x 24, we had plenty of extra space for a battery exhibit and invited Axion to send a representative and display.

     

    On July 29th one of scheduled speakers for our panel cancelled because he was called for jury duty. When the conference organizers asked the speakers if we had any suggestions for a suitable replacement, Axion seemed like a perfect fit. When the slot was offered to Axion, they promptly accepted but it was unclear who they were going to send as a speaker. I'm very glad they picked Mike Romeo because he's an impressive young man who knows the PbC inside out and this will be a technically oriented audience.
    19 Aug, 07:36 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Mr John:
    I wish you good luck and a lot of energy. (PbC Energy)

     

    Saludos-Carlos.
    19 Aug, 07:52 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Many thanks Carlos. This show should be a lot of fun!
    19 Aug, 08:05 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    Out painter was aggressive today, taking out 16,571 share at $0.0915 and 6,500 at the resulting "uncovered" $0.0925.

     

    Still ended down 1/8% though.

     

    The rest of the trading took some of the shares that resulted in a VWAP of $0.0901 for the day - 2.59% lower than the close.

     

    HardToLove
    19 Aug, 04:17 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    Add me to the list that Maxim has reached out to. Just spoke with Dan Kennelly, who asked my permission to contact me again as more information about the coming cap raise comes available. I told him it was OK. Dan also asked if I had ever before participated in IPOs. I told him that I have.

     

    Amazing, because I only own 1000 shares right now.

     

    ####

     

    Back to the subject of "clicks." Instablogs do not generate money for Seeking Alpha directly. But they do indirectly, as just now I logged on to SA to report the Maxim call I just received. When I logged on to SA, that counts as a click, and when I hit "Home" to review my portfolio on the Home Page, that counts as a click, too, if I am not mistaken.
    19 Aug, 04:54 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    I think the Instablogs are rich feeders for SA's paid content and go a long way to keeping users engaged. Instablogs may not generate direct revenue, but their benefit is immense.
    19 Aug, 05:27 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    @Maya: Did Dan give you any indication how close they are to the cap raise? Thanks.
    19 Aug, 07:36 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    OR: No. I would think that would be insider info.
    19 Aug, 07:42 PM Reply Like
  • bazooooka
    , contributor
    Comments (2786) | Send Message
     
    Maya, are you considering being part of the placement? I'd imagine those involved this time are doing so to seek a long term profit not just shares as firewood. Absent any incentives to crash the pps - this one actually might be a buy the low opportunity. Are you optimistic about DDG over TG?
    19 Aug, 08:22 PM Reply Like
  • User462699
    , contributor
    Comments (111) | Send Message
     
    I received a call from Dan K. on 8/19 as well and he indicated the cap raise would most likely be after Labor Day.
    20 Aug, 08:55 AM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    In my experience deals are structured and road shows are conducted during the summer months, but they don't go to market till after Labor Day when the kids are back in school and everyone's back at work.

     

    Labor Day to Thanksgiving is prime time for offerings.
    20 Aug, 09:20 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    User: Thanks!
    21 Aug, 05:14 AM Reply Like
  • D-inv
    , contributor
    Comments (4141) | Send Message
     
    Victor Vega with Maxim just called me re-the offering explaining my contact info was obtained from Axion's shareholder list.

     

    Before Maxim started working through the AXPW shareholder list I had exchanged e-mails and spoken with Aidan O'Leary following a conversation with a Maxim Senior V-P for Wealth Management.
    19 Aug, 06:07 PM Reply Like
  • Amouna
    , contributor
    Comments (1621) | Send Message
     
    Why would these guys from the wealth management division of a brokerage firm reach out to Retail Axionistas, I wonder...
    19 Aug, 06:54 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Because Axion asked them to make the offering available to the retail base on the same terms as the institutions. It can be a very smart strategy for optimizing price negotiations. It can also be a great way for a firm like Maxim to build their prospecting pool.
    19 Aug, 07:03 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Is there any thought to resuscitating the idea of an Axionista Coalition (ie: shareholders collective) where some of us who might be too small to get directly in on the new issue may pool resources and qualify for the sweetheart pricing?

     

    Not sure if that's possible or if others would be interested - I know I'm not the guy to lead this charge but would consider placing $10 or $20k, perhaps more, if someone else was doing the heavy lifting.

     

    Anyone?

     

    D
    20 Aug, 01:02 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    The nice thing about an underwritten public deal is that there is no limit on the number of investors and there usually isn't a required minimum investment. The underwriters may balk if a prospective investor wants to buy fewer than 500 or 1000 shares, but they don't expect everybody to write five or six digit checks. Unless you already belong to an investment club, you don't want to form a vehicle to participate in a public offering.
    20 Aug, 02:41 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    <<<<<Axion asked them to make the offering available to the retail base on the same terms as the institutions. It can be a very smart strategy for optimizing price negotiations. It can also be a great way for a firm like Maxim to build their prospecting pool.>>>>>

     

    In all fairness, John, it could also mean the deal is under-subscribed. But here's to *hoping* that is NOT the case and that your scenario is the correct one.
    19 Aug, 07:38 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    I spent about 35 minutes on the phone with Aiden O'Leary this afternoon. Apparently my name kept coming up in their phone conversations with Axion shareholders. We had a great chat about my history with Axion and my current job at ePower. I found his enthusiasm more than a little refreshing and heard nothing that even vaguely hinted at potential problems.
    19 Aug, 07:46 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9922) | Send Message
     
    OR: In the past offerings some Axionistas wondered why they couldn't get in on the offering. It was explained here that that would be too costly for Axion to do.

     

    I fully realize that this is a different kind of offering, but...

     

    I'm in agreement with you; that the offering right now is currently undersubscribed. Doesn't make sense to me that the whale-sized institutionals would allow small time retail investors like me to get the same price as they will.
    19 Aug, 07:50 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    That's the difference between doing a PIPE and taking a big haircut and doing an underwritten deal with a light trim. Companies do PIPEs when they're too weak for an underwritten deal. It doesn't work the other way around.

     

    No broker dealer in it's right mind will assume the reputation and other risks of an underwritten deal if it couldn't place the securities privately.
    19 Aug, 08:09 PM Reply Like
  • Bob Averill
    , contributor
    Comments (196) | Send Message
     
    Each of the Maxim brokers said that they would get back to us with "something", so let's wait and see what they get back to us with.
    19 Aug, 08:51 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    Actually, I would like to speak with them if they aren't requiring five-figure checks. No call yet, though.
    20 Aug, 05:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Aidan O'Leary's phone number is 212-895-3609. You can be confident that he won't object if you call him before his team calls you.
    20 Aug, 05:46 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    I'm a born and bred American - we queue orderly and happily like no others, IIRC.
    20 Aug, 05:55 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    Nobody queues like the British. Nobody.

     

    I recently was in India and I don't get the county. Election time they queue for hours, no problems. Rest of time - all hell breaks loose.
    20 Aug, 06:06 PM Reply Like
  • bazooooka
    , contributor
    Comments (2786) | Send Message
     
    Maya,

     

    You should maybe make some phone calls to Maxim.

     

    I have yet to hear anyone at Maxim, or from those who have relayed their Maxim conversations to me, confirm that it is undersubscribed. Quite the contrary I've been told.

     

    However, the whole cat and hot stove thing has kept me from really swinging for the fences again. I imagine you feel similar as have many ole skool Axionista I've talked with.

     

    Heck, it might help if our new CEO would come out and charm us with the charisma he's rumored to have. That would go a long way after years of TG, who somehow overpromised sales potential and partners but did so in such a boring way that the stock always sagged even in the face of happy talk.

     

    Maybe this time our new CEO has a big hat and the cattle to back it up; as well as being a good rodeo barker once he does appear in front of a microphone =)
    21 Aug, 04:23 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    :)

     

    I figured some Brit would correct me.

     

    If you're just standing around, here's a very readable article on queuing (yes, from the Brits):

     

    http://bit.ly/1oTWZA1
    21 Aug, 04:43 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    @Maya: just to clarify. I only said it "*could* mean the deal is undersubscribed." I don't have anymore info than anyone else.
    21 Aug, 05:17 AM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Underwritten deals are quirky because the underwriters can't make an offer to sell or accept an offer to purchase until the registration statement goes effective. All they can do is collect "indications of interest" from potential investors and set the stage for the offering itself.

     

    Since there's a big difference between an indication and a check, what the underwriters want to do is collect indications for anywhere from 200% to 400% of the amount offered. That way even if some people have second thoughts there will still be enough demand to absorb the entire offering.

     

    Because of the way underwritten deals and the indications system work, the underwriter always gets an "over-allotment option" or "green-shoe" that lets them increase the deal size by 15% if demand is strong. While the core deal will close on the effective date, a decision on the over-allotment option is usually delayed for about a week.
    21 Aug, 06:16 AM Reply Like
  • 23808
    , contributor
    Comments (81) | Send Message
     
    I called Aidan, he confirmed that he will get back to me after the offering, some time in September, after the summer / Labor Day. He took my e-mail and phone. I asked him what kind of account can purchase the offering. He said for AXPW, it is a public offering, it can be purchased with a regular account or a retirement account.

     

    For other Maxim PIPE offering, accredited investor account will be required.
    21 Aug, 04:49 PM Reply Like
  • cstone
    , contributor
    Comments (30) | Send Message
     
    Just wondering if anyone picked up whether the offering would be pre- or post-split in conversations with Maxim? Given that the RS will be some big ratio (e.g. 50-1) the number of shares to which I (or most of us) would be willing to commit sorta depends on whether the price is pennies or dollars.(sorry if it was already stated and I missed it)
    19 Aug, 11:53 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    Post-split.
    19 Aug, 11:56 PM Reply Like
  • Masi
    , contributor
    Comments (479) | Send Message
     
    What is the minimum $ amount to get into the offering?
    20 Aug, 07:31 AM Reply Like
  • Billion003
    , contributor
    Comments (207) | Send Message
     
    So, if the RS ratio is not known how does one know how much they're buying? I assume what they are discussing are post split numbers and giving details in this regard, or looking for potential interest once those numbers are known.
    20 Aug, 11:40 AM Reply Like
  • Billion003
    , contributor
    Comments (207) | Send Message
     
    So, if the RS ratio is not known how does one know how much they're buying? I assume what they are discussing are post split numbers and giving details in this regard, or looking for potential interest once those numbers are known.
    20 Aug, 11:41 AM Reply Like
  • D-inv
    , contributor
    Comments (4141) | Send Message
     
    Billion ... Discussions with Maxim, to my knowledge, have been with respect to potential interest once "those numbers" are known and financial ability to venture several $thousand on the risk at hand.
    20 Aug, 04:30 PM Reply Like
  • Billion003
    , contributor
    Comments (207) | Send Message
     
    Oh...Thanks. One step toward understanding.
    20 Aug, 04:44 PM Reply Like
  • timzinski
    , contributor
    Comments (84) | Send Message
     
    I got a call from Leary at Maxim Group yesterday.
    Pleasant 15 minutes conversation.
    Aidan seemed very interested in all I knew about Axion, batteries, grid, storage, FR, MLPs for PowerCubes, etc.

     

    He answered my questions directly and without hesitation.
    I asked if the offering was over- subscribed yet and he said "...there is no offering at this time..." meaning that my question was not valid until there is an offering.
    So basically they are gathering the investors who would be interested in participating.
    Axion wanted all shareholders to be able to participate.

     

    Some Answers:
    offering will be after Labor Day, and after the R/S.
    There will be no minimum amount to buy.

     

    I was interested so A. Leary emailed me a document (maybe a prospectus, I haven't read it yet).
    I would have to open an account at Maxim and fund it. When the offering is announced and the price is established I presume that then I could decide to buy, or not.

     

    Seems JP is right on the money regarding this whole deal. Middle of Sept. R/S, uplisting, offering to Funds and shareholders...concurr...
    The only wild card is announcement of a design win.

     

    MHO: If PbC sales are announced at the time of the offering the pps will rise, quickly. If not, the pps may start to dip slowly, and continue to decline until/unless a sales announcement.

     

    I have to think the sales announcement will be part of this packaged plan, otherwise , what's the point?
    I don't believe Axion's management are scammers.
    I believe they have worked hard for many years and are finally on the brink of success.

     

    For me the risk is worth taking as the upside is huge.
    I could cool my heels until after the plan goes down but trying to hop a fast moving train requires skill and timing.

     

    Tim
    21 Aug, 10:10 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message
     
    "I have to think the sales announcement will be part of this packaged plan, otherwise , what's the point? "

     

    I hope so, I want to see TG's projections come true and his credibility vindicated. B/c if there is some kind of design win on the horizon, the heavy lifting would have occurred under his tenure.
    21 Aug, 10:16 AM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    AES Betting On Lithium-Ion Batteries for Long-Duration Energy Storage

     

    " But there are two questions that continue to dog the potential for lithium-ion batteries at grid scale. Can they provide hours of energy at a time to serve grid needs, and can they last for the decade or more required for cost-effective grid use when they’re being discharged so deeply, over and over, day after day?

     

    Chris Shelton, president of AES Energy Storage, wants the utility industry to know that the answer to both questions is an emphatic "yes." While most of his company’s nearly 200 megawatts of lithium-ion grid storage projects are serving short-duration power needs like frequency regulation, nearly half of its roughly 1,000 megawatts of projects under development fall into the “long-duration” category, capable of providing energy for two to four hours, he said in an interview last week.

     

    “We can do a two-hour product at less than $1,000 a kilowatt,” Shelton said. At that cost, “we’re less expensive than a gas-fired power plant,” the traditional generation source for meeting the grid’s peak energy and ramping capacity needs. That cost also beats out current long-duration storage alternatives like sodium-sulfur batteries and flow batteries, even if emerging battery technologies are claiming they’ll go even lower in cost in years to come."

     

    http://bit.ly/1lhya0f
    20 Aug, 09:57 AM Reply Like
  • alpha5one
    , contributor
    Comments (134) | Send Message
     
    Asian inventions dominate energy storage systems

     

    Date: August 19, 2014

     

    Source: Technische Universitaet Muenchen

     

    Summary: In recent years, the number of patent applications for electrochemical energy storage technologies has soared. According to a study, the largest volume of applications is submitted by developers of lithium batteries. The study offers a first differentiated analysis of which technologies will be viable in the exit from fossil-fuel energy. European and US companies are falling behind economically, as Asian companies apply for a substantially higher number of patents.

     

    http://bit.ly/1na8sWk
    20 Aug, 11:43 AM Reply Like
  • alpha5one
    , contributor
    Comments (134) | Send Message
     
    Asian inventions dominate energy storage systems

     

    Date: August 19, 2014

     

    Source: Technische Universitaet Muenchen

     

    Summary: In recent years, the number of patent applications for electrochemical energy storage technologies has soared. According to a study, the largest volume of applications is submitted by developers of lithium batteries. The study offers a first differentiated analysis of which technologies will be viable in the exit from fossil-fuel energy. European and US companies are falling behind economically, as Asian companies apply for a substantially higher number of patents.

     

    http://bit.ly/1na8sWk
    20 Aug, 11:43 AM Reply Like
  • greentongue
    , contributor
    Comments (861) | Send Message
     
    Would be nice to learn some Axion PbCs are powering these.
    Electric turbos promise big performance and efficiency gains in the near future
    http://aol.it/1naF6r7
    20 Aug, 02:07 PM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    Peak current of 145 A @ 48 VDC. What were those ePower trucks pulling on the string again? I recall the charge currents but not discharge.
    20 Aug, 03:28 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    We ran the "Tour de Loop 275" last week with 55,000 pounds. – http://bit.ly/1nb5OzE–Indiana–Kentucky)

     

    We ran two full laps – 162.5 miles of painful ~500 ft grades as the loop dipped into and climbed out of the Ohio River Valley twice on each lap.

     

    Our peak amperage was in the 225 range up and down. Peak currents were ~120 kW discharge and ~170 kW regen, which isn't shabby for a 20 kWh battery pack.

     

    I don't plan to share the graphs till after the Battery Show.
    20 Aug, 04:12 PM Reply Like
  • iindelco
    , contributor
    Comments (9488) | Send Message
     
    Thanks John. So the electric supercharger requirements are well within the range of the PbC batteries. At least in the format that ePower is using. Look forward to your additional data.
    20 Aug, 04:19 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    You sound happy.
    20 Aug, 04:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Let's just say I'm happy enough that I'll be formally presenting the data at the biggest electric & hybrid vehicle technology conference in North America.
    20 Aug, 04:55 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    I cant wait for the next graph. The last one was so much fun. :)
    20 Aug, 05:27 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    Hold on a sec:

     

    "Indeed, Audi says that the peak current to the electric turbo in the A6 and RS5 prototypes it demonstrated to the press is 7 kilowatts, about the equivalent of 4.5 hair dryers."

     

    "The 48-volt system used by Audi lowers the amperage needed to provide that to a manageable 145 amps, something that would be impossible using a conventional 12-volt system, which would need 583 amps."

     

    4.5 hair dryers = 145 amps at 48V?

     

    Please help me understand this!
    20 Aug, 05:37 PM Reply Like
  • geopark
    , contributor
    Comments (302) | Send Message
     
    Been a while but here's a try:

     

    P=I*E
    145*48=6960
    583*12=6996
    20 Aug, 05:47 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    John, I may have asked before, and if so I apologize, but is any temperature-related battery-related data being collected? If so, can you share? Do the boxes get hot? Do the boxes have vents or forced air? Any anecdotal information you can share? Have you ever heard anything from the drivers, maybe about their opening the boxes to see if they were hot?

     

    Given that the ePower app is not using the batteries at the lowest range of their internal resistance, I am encouraged that thermal issues haven't emerged.
    20 Aug, 05:47 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    I got that math, geopark, it was the 4.5 hair dryers. The two paragraphs I excerpted occurred in series in the article and it seemed they were drawing an equivalency. Surely 4.5 120V AC hair dryers are not drawing the equivalent of 145 amps at 48V DC. I mean I surely don't get that. My townhouse doesn't draw that much current! Then again, I'm a chemist.
    20 Aug, 05:51 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    We do collect temperature data for Axion, but thermal management hasn't been an issue for us. Our boxes are vented for natural air circulation but we haven't seen any need for more aggressive systems. After all, even passive ventilation generates a lot of air flow when the battery box is moving at 65 mph.

     

    We may encounter thermal management challenges when customers start running tractors 8 to 10 hours a day, but an active system should be a relatively quick and inexpensive fix if needed.
    20 Aug, 05:58 PM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    Ed,

     

    A typical hairdryer is rated 1500 watts.

     

    1500w/120v =~12amps.

     

    A typical home wall outlet circuit is wired to a 15 or 20 amp breaker. Try running more than one hairdryer on such a circuit and I bet you a beer it trips the breaker.
    21 Aug, 07:43 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    1500 watt hair dryer? That's more than my microwave. Amazing. That's serious drying power!

     

    Still doesn't get to 145 amps; 4.5 x 12 = 54 amps. CLoser than I figured, though.
    21 Aug, 08:22 AM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1081) | Send Message
     
    So if you are cheap you can dry your hair in the microwave :)
    21 Aug, 08:28 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    That - bzzzzzt -didn't - bzzzt - work that - bzzzzt -well. Can't - bzzzzt - recommend it. bzzzzt.
    21 Aug, 08:35 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2387) | Send Message
     
    EM - 145 amps at 48 V = 6,990 watts
    583 amps at 12 V = 6,996 watts
    4.5 hairdryers @ 1500 watts = 6,750 watts

     

    Got it now? The 145 amps was at 48V, not 120V
    21 Aug, 08:51 AM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (1509) | Send Message
     
    Thanks, Rick, got it now. I guess I'm always thinking an amp is a lot of power around the house - my entire stereo system with all knobs to the right doesn't pull an amp. I don't have any intuitive feel for electricity. Or enough hair to need a dryer.

     

    A little digging. A 1500 kW hair dryer is one of the most powerful (or power-hungry) appliances in the average house, about the same as a electric lawn mower!

     

    http://bit.ly/1nex6Fj
    21 Aug, 10:56 AM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    Ed,

     

    The hairdryer is 1.5 kW, or 1500 watts.

     

    Unless it belongs to the Fifty-Foot Woman. Then 1500 kW might be needed. She just taps directly into the powerlines (http://bit.ly/1neB7d0) to get that perfect 'do.

     

    http://bit.ly/1nezLPm
    21 Aug, 11:07 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17905) | Send Message
     
    08/19/2014: EOD stuff partially copied from the blog (up now).
    # Trds: 47, MinTrSz: 357, MaxTrSz: 20000, Vol: 262106, AvTrSz: 5577
    Min. Pr: 0.0880, Max Pr: 0.0942, VW Avg. Tr. Pr: 0.0901
    # Buys, Shares: 18 97306, VW Avg Buy Pr: 0.0913
    # Sells, Shares: 28 164100, VW Avg Sell Pr: 0.0894
    # Unkn, Shares: 1 700, VW Avg Unk. Pr: 0.0909
    Buy:Sell 1:1.69 (37.12% "buys"), DlyShts 22328 (08.52%), Dly Sht % of 'sells' 13.61%

     

    I've noted sub-$0.09 VWAP seemed near. Yesterday was close with a VWAP of $0.0904. Today we inched nearer with a VWAP of $0.0901.

     

    I opined yesterday “I think it's going to take some low-volume days to stop this trend because recently all high-volume days bring weakness”. Low volume likely will not stop it immediately, but only slow the descent initially.

     

    On the traditional TA front, a reduced spread with a lower high and higher low on reducing volume, ~402.9K, ~1.5MM, ~1.62MM and ~262K, finally suggests that the downside is nearing its limit. Not that we're there yet, but the big push is over and now we should see any creep lower as only low-volume and incremental. The recent lows of 8/4 and 8/5 of $0.0851 and $0.086 on 8/18 might offer some support but we need to be mindful that our history is to always make new all-time lows. If that holds we will go below the 1/16/14 $0.08 intra-day low and bounce back.

     

    Since we seem to be repeating the many-months pattern of weakness in the middle weeks of the month, holding at or above these recent lows seems problematic. The reducing volume offers some hope though.

     

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

     

    HardToLove
    20 Aug, 02:24 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    Not sure why there is so much weakness this week. IMO, a lot of uncertainty is clearing. An uplist is coming an general sparks rallies in the stock.

     

    A stock that soared upon uplisting, ADMP, was able to fill a capital raise at 5.95 from its then low at 3.40.

     

    It recently has just completed another shelf offering. It had fallen from 7+ to under 2.62 over the news. Deal cleared yesterday at 3.52 plus warrants, and now the stock is beginning a rally back upwards.

     

    Certainly all the bad news has been priced in. IMO, an uplisting plus any potential NS-999 news will make the raise much better than the 8-9 cents we're seeing here.
    20 Aug, 03:20 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    Ranna-

     

    I think what we are seeing here is simply a lack of demand. Sellers who want to sell will sell. Either they don't want to be in due to what happened last time or they need the cash or have a new investment they want to fund.

     

    While on the otherside the buyers are simply waiting. They know that new issuance of shares is upcoming and therefore are simply waiting for that.

     

    I think the stock is going to be a big meh for the next few weeks.
    20 Aug, 03:30 PM Reply Like
  • DRich
    , contributor
    Comments (4614) | Send Message
     
    >Ranma ... I have to admit to knowing nothing about Adams Pharma (OTCQB:ADMP). The biggest difference I see between AXPW & ADMP is visibility. Adams has several products in R&D, review & trials that are easy to understand and clearly have ready markets. Axion has a difficult to understand supercapacitance energy device that virtually no one has any knowledge of built to service a market virtually no one knows even exists ... if, in fact, it does. Certainly it is not a ready market to sell into. A tough row to hoe.
    20 Aug, 03:38 PM Reply Like
  • Ranma
    , contributor
    Comments (1804) | Send Message
     
    Biotech has to pass FDA, batteries have to pass customers. Heck, sometimes biotechs who pass FDA don't meet sales expectations.

     

    I also disagree that bio is easier to understand. I would venture 99% of biotech investors don't understand molecular biology at all. With the PbC, we know it works without having to resort to statistical sample tests.

     

    Bio just has a perception of big money thanks to our warped health care system.
    20 Aug, 03:42 PM Reply Like
  • DRich
    , contributor
    Comments (4614) | Send Message
     
    >Ranma ... I agree that 99.9% of BioTech investors don't understand the science. When I say easy to understand I don't mean the science, just the market. Allergic reaction needs and epipen. Problem ... solution ... easy to understand. A little faith that this company or that can do the better job and you've got investors willing to bid it up.

     

    With Axion, most likely the average investor doesn't understand the problem. Ever tried to explain frequency regulation or AltEnergy indeterminacy. Investor type people don't understand DCA or PSOC or Capacitance or Cycle Life as being a solution to anything and particularly to a problem they might never have heard of and don't quite understand if they have.

     

    That is the tough row to hoe I'm talking about. The generalize & simplified overview. The dream of fast money just isn't in Axion's realm for the majority. Just too difficult.
    20 Aug, 06:01 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Batteries are complicated, and frankly a little boring. As near as I can tell the best way to sell a battery is to make it the essential component in something gee-whiz that Joe Lunchbucket understands.

     

    A battery powered switching locomotive will be slightly impressive because many people know what they do and understand that it takes a lot of work.

     

    A battery powered hybrid semi tractor, on the other hand, is something that should fire everybody's imagination because the reputation is dirtier than the reality and everybody knows it takes a hell of a lot of power to haul the freight.

     

    As an investor which would you rather own; a company that makes the batteries for a $100,000 EV that saves 600 gallons of fuel a year or a company that makes the batteries for a $100,000 tractor that saves 6,000 gallons of fuel a year.

     

    Stop-start for automotive and heavy trucking may prove to be a better business. When it comes to a market story, nothing even comes close to ePower.
    20 Aug, 06:17 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    John - you know the answer to the question you asked.

     

    The car that saves 600 gallons a year. Because it can sit in your driveway and show it your friends to build green cred.

     

    All I know is that for Christmas I am asking Santa for electric powered yard switcher, an ePower toy truck and a Cummins powered start/stop.
    20 Aug, 06:32 PM Reply Like
  • Billion003
    , contributor
    Comments (207) | Send Message
     
    JP...I completely agree. The heavy duty stuff will yield copious amounts of marketing factoids.
    On the side of the switching locomotive, the idea of saying in an ad or commercial something like..."This train is battery powered. The locomotive weighs 260,000 lbs...(pause)...by itself...Axion."
    I can see it.
    20 Aug, 06:33 PM Reply Like
  • DRich
    , contributor
    Comments (4614) | Send Message
     
    >JP ... The biggest lesson I've learned from "investing" in Axion is this. Don't ever put money in a company that doesn't have sales or is considered by Mr. Market, whether real or imagined, to have clear visibility to sales.
    20 Aug, 07:03 PM Reply Like
  • mrholty
    , contributor
    Comments (1025) | Send Message
     
    Drich-

     

    I was talking about my history in Axion with a retired analyst who had a nice career working for a large mutual fund company about 9 months ago.

     

    He told me that his belief was that a company isn't a real company unless it has sales from 2 groups. Only then is it investable.

     

    When I got into Axion I told myself that it was a small position to track and to wait. I ignored my own advice and bought more several times. Sadly, its still a small part of my portfolio mostly due to my losses.
    20 Aug, 07:26 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    In an ideal world Axion would have gotten to this point in its development with private money and done an IPO after it started selling products in reasonable volumes. Because of the unique circumstances and the early history of the technology, everybody was convinced that a public entity was the only practical way to clean up the mess and bring everything under one roof. I often wonder if anybody would have started down the path if they'd really understood how difficult, time consuming and costly the process would be. The only consolation is at the PbC turned out to be a better battery than I expected.
    20 Aug, 07:26 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Hi Mr. John:

     

    I have the feeling that you are very happy. Could you tell us why?

     

    Saludos-Carlos
    20 Aug, 08:10 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    I had a long list of personal goals when I did the reverse merger with Axion and agreed to serve as a director in addition to my work as legal counsel. The two items on the goal list that remain unsatisfied are:

     

    (1) a listing for the stock on a national securities exchange like the Amex or Nasdaq, and
    (2) growing the company to a point where it could finance its operations with underwritten transactions instead of unregistered deals.

     

    Both steps are critical milestones in the evolution of a company. In most cases a reverse merger company gets to a market listing before it's good enough to pull off an underwritten public deal, but every once in a while it all comes together at the same time.

     

    If everything had gone according to my original plan, Axion would have been at this point after the Quercus financing and without a reverse split. Unfortunately things didn't work out the way I thought they would.

     

    Successful completion of the reverse split, market upgrade and underwritten deal will satisfy all of my original ambitions and leave me a happy camper even if I don't knock down a 50 to 1 return on my money.
    20 Aug, 08:23 PM Reply Like
  • bazooooka
    , contributor
    Comments (2786) | Send Message
     
    JP,

     

    Will you settle for a return "of" instead of on your money. Based on where the pps is now wouldn't just getting most of your principal back (albeit 10 years later) be a minor victory? The listing stuff is nice but I think pps trumps any and everything.
    20 Aug, 09:00 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Market price is the most meaningless and transitory metric I can think of. It's a measure of emotion, not value. Despite the market price I'm not the least bit worried about return of capital because I know what the PcB can do and I understand where Axion is in the process.

     

    I have a very binary investment philosophy. I want a multiple or a total loss. Partial recovery of principal doesn't interest me in the slightest. The reality is that I've never lost money on a client that made it to a public trading market and I don't expect Axion to be an exception. I'm no longer looking for a 50 to 1 multiple but I am confident of a single digit multiple.
    20 Aug, 09:39 PM Reply Like
  • bazooooka
    , contributor
    Comments (2786) | Send Message
     
    JP,

     

    What is the longest you have waited to see your "multiple" or "loss" in past clients/investments? I agree that pps is noise in the short term but I've been around here awhile and I'd think you are certainly considered a long term investor. Do you have any time frame in mind to see a Billion dollar market cap, by decade's end per se?
    20 Aug, 09:56 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    @DRich: AMEN brother!
    21 Aug, 05:21 AM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Bazoooka> I'm typically a three to five year guy, but I knew the process would take longer with Axion because I accepted the project at an earlier stage in the company's development cycle.

     

    I typically avoid R&D projects because they have so many uncertainties. The two big reasons I made an exception for Axion were the electrochemistry and Bob Averill.

     

    One of the nice things about chemistry is that its chemistry and a proven phenomenon is proven. There was a lot of solid work done on the basic chemistry before Axion was formed. Since both of my in-laws are PhD chemists and my former client Howard Schmidt is one of the best carbon nanotechnology guys on the planet, I was able to satisfy myself that there were no major risks with the electrochemistry and the asymmetric lead-carbon supercapacitor could do some amazing things if Axion could find a way to manufacture a product economically.

     

    The biggest reason my clients have failed over the years was that none of them had substantial manufacturing experience and many didn't have a clue. That's where Averill became a critical decision point for me. This was a guy who had started three different companies at the idea stage, taken them through the FDA approval process, created suitable manufacturing facilities and grown them to a point where they were desirable acquisition candidates. While Bob's manufacturing experience was in an unrelated industry, he knew the process of building a manufacturing company from the ground and I was convinced that he wouldn't step back from the PbC technology until all four corners of the manufacturing process nailed down, optimized and properly documented.

     

    R&D companies are very painful to work with from a financing perspective because the point of greatest optimism comes shortly after formation. As the process drags out and the costs mount, investors get more worried about whether the R&D will be successful and whether the market will want the product. So it's not at all unusual to see a wedge shaped valuation curve until the potential market for a product speaks. When the market for a product finally speaks, the company begins a whole new phase as the hype cycle begins to take effect.

     

    In my judgment, Axion is currently at the lower left hand corner of the hype cycle graph. The R&D process was successful and some monster big end-users are finishing their pre-implementation analysis of the PbC. As these companies transition from evaluation to implementation, the current pessimism will be overcome by unbridled optimism and the stock will perform beautifully. If you think back, Elon was broke and borrowing money from friends in the months leading to Tesla's IPO. Today he's worth billions on paper. That's the kind of bump you see when pre-IPO gloom is overcome by unbridled optimism.

     

    Securities lawyers are snobs. While there are many ways for a company to become publicly traded, including a reverse merger like the one Axion did in December 2003, we don't typically think of them as truly PUBLIC until they complete their first underwritten offering. Until we see an underwritten public offering we tend to think of reverse merger companies as private companies that have some freely traceable shares. Most institutional investors are equally snobbish and they tend to stay away from reverse merger companies until the first underwritten deal.

     

    As transition points go, there is no more important moment in a company's evolution than the effective date of the first underwritten financing.

     

    I stepped aside as Axion's counsel in 2008 because I thought it's next financing after Quercus would be the underwritten deal we're finally seeing today. Unless something really bad happens over the next few weeks, I think the billion dollar market cap is hit sometime in the next two years.
    21 Aug, 06:58 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Buenos dias!!

     

    This is my hope:

     

    ...I think the billion dollar market cap is hit sometime in the next two years.

     

    Saludos-Carlos
    21 Aug, 07:45 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1453) | Send Message
     
    JP> Two years sounds like a fair assessment. However the hype cycle may be more compressed than that. Here we have the first round of the big league financings, the first products making inroads, and early adopters coming to the conclusion of their investigation all in a very short period (this fall). I think a 300 million dollar market cap could be reached in a matter of less than a month. Then a slower climb to billion-dollar status. The chart would look something like a man holding a long trumpet (e.g. http://bit.ly/1ne9Rv2).
    21 Aug, 09:22 AM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    I've been notoriously inaccurate when it comes to market timing predictions, so I'll avoid the temptation to support your conclusion.

     

    The things I see as critical factors that are coming together in real time are:

     

    1. A precipitous decline in the month-to-month FINRA short percentages that tells me the PIPErs are either out of shares they can sell without restrictions or holding back on remaining inventory in anticipation of major changes.
    2. An upcoming underwritten offering that professional investors will view as Axion's IPO even though the stock has been quoted for a decade.
    3. Inclusion of the existing stockholders in the offering pool which should decrease post-deal flipping because the Axionista's are, by definition, patient long-term holders.
    4. An upcoming market upgrade coupled with a reverse split that will take the float down into the sub-10 million share range, an extremely tight structure.
    5. A total of five application niches that can move from the potential to the proven column at any time and change the outlook from extreme worry that nobody wants the PbC to unbridled optimism that everybody needs the PbC.

     

    I've been to this rodeo before, but the participants were weaker and the crowds were smaller. No matter what happens, it will be a great learning opportunity.
    21 Aug, 09:39 AM Reply Like
  • D-inv
    , contributor
    Comments (4141) | Send Message
     
    "I think a 300 million dollar market cap could be reached in a matter of less than a month. Then a slower climb to billion-dollar status. "

     

    Patrick, not argument here on $300 mil market cap possible in less than a month. Whether it is probable is a different matter. Tell me Axion ships another PowerCube to BySolar before the offering and the odds improve quite a bit. Tell me ePower takes delivery of several more battery packs for more trucks on top of a stationary PowerCube sale and the odds of $300 mil. market cap jump significantly. Tell me MultiLink is selling power supply units equipped with PbC, ePower has taken delivery of more battery packs, and BySolar has taken delivery of another PowerCube and I suspect $300 million market cap would be a rearview mirror image pretty quickly.

     

    John and TG have imparted a broad view of market potential for Class 8 truck tractor conversions to hybrid diesel-electric ePower tractors. How quickly that market could emerge is perhaps hinted at in APGIs Q3FY financial results reporting and commentary on uptake of their diesel-NG dual fuel systems. From 80 early adopter installations in the comparable FY13 period, 160 kits were installed in first three quarters of FY14 and APGI's CEO reported orders in hand for delivery of a further 150 dual fuel systems in the remaining 45 days of the FY (roughly 100 per month). Company claims/guesstimates rate of uptake has been slowed by need to construct and install compression facilities and equipment for CNG fueling.
    21 Aug, 05:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (30191) | Send Message
     
    Uptake rates like that would scare me to death, although we could ramp into the 40 units per quarter range by the end of next year if everything went smoothly, which rarely happens in my life. Things could ramp faster with few million of additional capital, but that will take deeper pockets than I presently have access to.
    21 Aug, 06:06 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1453) | Send Message
     
    Dinv> I was looking more for some kind of surprise: Cummins maybe, or better yet, more details and a preliminary sale in the "investable PowerCube" structured security that was hinted at.
    21 Aug, 06:26 PM Reply Like
  • D-inv
    , contributor
    Comments (4141) | Send Message
     
    "Dinv> I was looking more for some kind of surprise:"

     

    :-) Perhaps such lies behind the S-1's statement on uses of funds. Me thinks $300 mil market cap in that event would be distant rearview mirror image.
    21 Aug, 06:32 PM Reply Like
  • dastar
    , contributor
    Comments (281) | Send Message
     
    I look forward to seeing what sort of backlog you get when you start taking deposits!
    21 Aug, 07:08 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2648) | Send Message