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  • Edmund Metcalfe
    , contributor
    Comments (2745) | Send Message
     
    been awhile
    27 Aug 2014, 08:04 PM Reply Like
  • myhershey
    , contributor
    Comments (34) | Send Message
     
    Wow! There's a first for me.
    27 Aug 2014, 08:05 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Why The Debate Over Energy Storage Utterly Misses The Point

     

    http://bit.ly/1wEZCd0
    27 Aug 2014, 08:08 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Germany's Expensive Gamble on Renewable Energy

     

    http://on.wsj.com/1p93g4Y
    27 Aug 2014, 08:16 PM Reply Like
  • User550230
    , contributor
    Comments (63) | Send Message
     
    Stock ACTC is completing a 1:100 stock split, based on a closing price of 0.08; should be interesting to watch
    27 Aug 2014, 08:41 PM Reply Like
  • futurecartsla
    , contributor
    Comments (498) | Send Message
     
    well, it closed at $8 today which is the same as $0.08 pre-RS, so the effect so far has been nothing. That being said, everyone is waiting on hearing P1 results from ACTC and everyone has HIGH expectations. If they don't come or are negative ACTC investors (myself) will suffer dearly and the dilution train will be coming. ACTC has an even more amazing storyline than AXPW and represents a lot of hope for millions striken with AMD/SMD (the leading cause of blindness).

     

    If you think AXPW management is bad, you should see what the former ACTC management was like, let's just say the SEC is currently going after the former CEO Gary Rabin for unregistered stock sales! That being said, the scientists at ACTC are amazing and the possibilities for stem cell science using Pluripotent (iPSC) stem cells is absolutely stunning. Whether you're a shareholder or not you should definitely be rooting for this company to succeed. Robert Lanza lead researcher at ACTC was recently covered on Through the Wormhole with Morgan Freeman.

     

    Here is an article Dr. Lanza was recently interviewed for which gives some background to ACTC and the future possibilities: http://bit.ly/1pqCWII

     

    snippet:

     

    “I was just chatting with someone. We were discussing an exciting experiment.” Without further prompting, he dives right in, talking about test mice that are blind from retinitis pigmentosa, an eye disease that also affects humans.

     

    “We went in with our iPS and embryonic stem cells and now they can see again, which is amazing,” he continues. He’s talking even faster than usual and chuckles after he says, “We always thought this blindness was irreversible, but …

     

    “We’re able to put in new photoreceptors and actually reverse the blindness after they’re already blind,” he adds. “That’s huge. No one’s ever done that. If you’d asked me a few years ago whether that was even biologically possible, I would have said probably not.”

     

    (my point: No one has ever done that...well since Jesus anyways)
    29 Aug 2014, 05:52 PM Reply Like
  • futurecartsla
    , contributor
    Comments (498) | Send Message
     
    well, still no news of uplisting for ACTCD, but it's up to $12 now, so that's a good sign. 45% up since RS

     

    Are people still having trouble trading AXPWD? That should be resolved by tomorrow I'd assume. The distance between the BID/ASK is crazy so I assume a lot of people must be locked out of trading it still?
    9 Sep 2014, 11:27 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Yoo missed this link Futurecarla?

     

    http://tinyurl.com/pl6...

     

    And once you get there, check for a link to an even newer concentrator near the bottom somewhere.
    9 Sep 2014, 01:25 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1161) | Send Message
     
    Since selling my entire position in AXPW four weeks ago, I continue to watch it very closely, looking for an optimal time to potentially re-invest. I’ve been considering whether the upcoming financing might be a good opportunity to buy in at a discount to pps, with the added value of warrants being attached. — So I called Aidan O'Leary at Maxim yesterday (212-895-3609) to try to get a better understanding of it all. I had a number of questions for him, many of which I correctly guessed he’d be unable to answer at this time. But I did come away with a handful of new insights and perspectives, so thought I’d share them here.

     

    The main takeaways: — 1) The offering could begin as early as next week, and retail investors have to set up an account with Maxim if they want to participate (I had thought I could use my current account). 2) The pricing will be determined just prior to (I believe the day before) the offering. 3) Aiden wasn’t sure how long the offering would be available, saying it could be open for a few days, or perhaps as long as a few weeks. — He assured me he wouldn’t call me the morning of the offering and say I had to make an immediate decision. 4) He also assured me there would be NO Lock-Up provisions that would apply to me as a retail shareholder. IOW, immediate liquidity upon purchase of shares.

     

    I was a bit surprised by this, and checked the S-1 under “Lock-UP Agreements”, which seems to confirm what he said. — It starts out with, “We and each of our officers, directors, and certain existing stockholders aggregating at least ___% of our outstanding shares, assuming the issuance of ______ shares to warrant holders in exchange for warrants, have agreed, subject to certain exceptions, not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any shares of our common stock or other securities convertible into or exercisable or exchangeable for shares of our common stock for a period of 12 months after the effective date of the registration statement of which this prospectus is a part without the prior written consent of Maxim Group LLC.” — Here’s a link to the S-1, with the Lock-Up section on p. 71 [http://is.gd/DbCsZb]. — Though it’s nice retail investors are exempt from any lockups, it does inject an element of uncertainty of what percentage of the offering will be locked up.

    We touched on a number of other topics. — I told him how JP has described a PIPE deal as the bottom of the financing food chain, while a straight underwritten deal currently being offered by Maxim is at the top of the chain. So I asked him straight up, “What has changed SO materially in the past year that Axion went from struggling at the bottom of the financing ladder and now find themselves at the very top?

     

    Surprisingly to me (and a bit disconcerting), he said he wasn’t familiar with how the PIPE deal came about last year, and knew hardly anything about it. He did say PIPE deals are normally reserved for companies with relatively little transparency. He expounded by saying that OTC stocks generally fit in that category (I believe because of less stringent reporting requirements). He assumed (guessed?) Maxim was doing the current underwritten deal because of Axion’s efforts to uplist to the NASDAQ, which as I understood, would force and/or deliver the transparency they desired. IIRC, he also mentioned anticipated sales ramp can be a factor in the type of financing made available.

    I then asked him about the possible ramifications of a Reverse Split, specifically how it often seems to precipitate a decline in the pps post-RS. He quickly said that’s not always the case, and cited an example of a client of their’s (RiceBran — RIBT) which he said had done a successful R-S and uplisting to the NASDAQ, and how their warrants were now close to the exercise price. Upon doing a bit of research, I discovered RIBT did a 1:200 R-S last November, going from ~.06xx to ~$12-$14. It traded about $4.xx, or approximately 2/3 lower about a month later.

     

    I don’t recall whether he said they did a financing for them at that time, but I did find out RIBT did do a financing this past June 26, which included warrants to purchase additional shares. The strike price for the warrants was the pps ending a week earlier, June 19, 2014, which was $5.87. The share issuance price was a 10% discount to that same $5.87, or $5.27. [http://is.gd/atN3yA] Its pps rallied today from $5.44 to $5.76. — I was surprised to discover these results about RIBT, and don’t know why he held this up as an example of a successful R-S, uplisting and financing. He tends to talk fairly fast, and it’s possible I may have misunderstood some nuances he may have interspersed in this particular discussion. From his example however, I assumed the share issuance would probably go off at a 10% discount to market.

     

    I also noticed that in our approximately 15-20 minute conversation, he often used the term, “when/if” when referring to the upcoming financing. When I asked him about this, he said there’s always the possibility an offering could be postponed or delayed, based on the current market environment. He didn’t in anyway imply this was likely, and I assumed this is just prudent standard practice for him when talking to clients. But it did remind me that there are always elements of risk at critical junctures like the one Axion again finds itself in.

    Unfortunately, a lot of our discussion reminded me of ZBB’s recent experience. When they did an R-S last October, their stock lost about 60% within a month (~1.00 to ~.40) before beginning to recover. They also did a financing this past week, which went off at a 10% discount to the pps (which was determined just a couple of days earlier). The pps had risen from 1.23 to 1.44 the day before the financing (I assume because of a favorable article on SA — http://is.gd/CRnjGQ), but the pps on the day of the financing closed at the issuance price of 1.10. So whoever bought the day before at $1.44 unfortunately found themselves down >20% the following morning.

     

    Thinking about this again brought a degree of clarity for me on the risks of owning these kinds of stocks, and how there are so many things shareholders and potential investors just don’t know and/or can’t anticipate. Even when things seem to be going right, the seemingly constant need to shore up finances, and the necessity to take it when it becomes available, can keep pps volatility high. I understand this is all part of what’s considered to be a high risk/high reward enterprise, and I was fine with this when Axion had only 113M shares outstanding, and some estimates less than a year ago were that they could escape the PIPE financing with about 165M shares total. But since then the share count has ballooned and is poised to climb inexorably upward.

     

    I speculated as recently as this past May when the pps was hovering around .17, that an NS rollout and/or a significant sale could propel the pps to .20+, and allow for a successful financing, with an accompanying share issuance price at a minimal discount. IOW, <100M new shares. But since then, the PIPE warrants have swelled the total shares to 250M, and the new shares that will be issued for the new financing, likely at a discount to the current .08xx, will seemingly lead to another 200M shares or so, or ~450M total.

     

    If the reasonably stable Mkt. Cap. of $30M remains intact, that translates to a pps of of about .066. If some good news were to happen (after the financing) which say increases the Mkt. Cap to about $45M (and a corresponding pps of ~.10) the warrants could be exercised, adding another ~150M shares (though the warrant strike price has not yet been determined). If good news doesn’t happen, and the warrants aren’t exercised, then it seems likely Axion will be facing major financing uncertainties again next year.

    We all know the only thing that will change Axion’s current financing dynamics is a series of good news events. That becomes more and more difficult for me to realistically envision, though I still believe it could happen. But whether or not it happens, ISTM the stock dilution and the potential for more has taken this venture from a high risk/high reward category, to more of a high risk/medium reward category. — This isn’t the conclusion I had expected to reach before calling Aiden, but it’s one that I’m left with. That said, I’ll continue to be vigilant, and still have hopes of getting back in at some point and riding this for a mult-bagger we all hope for.

     

    That hope might seem contradictory to much of what I’ve just written, but I’ve developed a little short-hand formula for myself over the past 2-3 years that I continue to believe in. — I’ve long assumed Axion could realistically achieve a Mkt. Cap of $500M-$1B+. When there were 113M shares outstanding, the corresponding pps would have been ~$5-$10. When the share count doubled after the PIPE deal, I lowered my potential pps range in half to $2.50-$5.00. With another anticipated almost doubling of shares from the current financing, the corresponding pps range now translates to about $1.25-$2.50.

     

    If there was an almost complete exercise of the warrants being attached to the current financing, that could add another ~150M, or ~1/3 more shares (~600M total) with a corresponding pps range of ~.80-$1.60 (not necessarily bad as it would mean a far more lengthy runway). — A more modest Mkt. Cap. of $250M would still leave a pps range of .40-.80, which is ~5-10x current pps, to me an attractive multi-bagger. And I continue to believe the odds of that happening are quite good. — If, and this is a big IF, further major dilution can be halted.

    After my conversation with Aiden, and quite a bit of reflection afterwards, I currently view the downside risks associated with the financing and R-S as being greater than the potential upside benefits of buying in at a discount to market and the warrants that would go with it (though it’s hard to quantify because we don’t yet know what the share offering price or the warrant strike price is). — I’m also mindful that a significant good news announcement before the financing could potentially be a HUGE boon to current shareholders, and change the current financing dynamics dramatically.

    Most of what I’ve written above actually obscures a bigger question mark for me, and that’s DDG. Can he execute (as in create his own luck, which is what I believe successful leaders do) and lead Axion to steady revenues and out of these ongoing major dilution episodes? If I had a better sense of what he plans to do with the company, and whether he’s enthusiastically looking forward to personally being heavily invested in a multi-year effort to have Axion succeed, I could put aside a lot of my ongoing lesser concerns. But we’ve yet to hear from him and so don’t really know what his intentions are (not to be construed in any way as a criticism).

     

    Well, I guess that’s it for now (I hope it wasn't tooo long). Would very much appreciate hearing from others who are also seriously thinking of participating in this new offering, and what some of your primary considerations are. — Thanks in advance.

     

    Best to All...
    27 Aug 2014, 11:37 PM Reply Like
  • Ranma
    , contributor
    Comments (2080) | Send Message
     
    I looked up Aiden, and it seems he is a junior banker a couple years out of school only. Not to discredit what he said, but just to show he doesn't likely have any inside scoop.

     

    IMO, your downside risk evaluation of Axion is accurate but also late - the vast majority of downside has likely been seen already.

     

    As this juncture, completion of the RS and financing would actually be positive for the share price. Not to mention any other positive news.
    28 Aug 2014, 02:00 AM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1081) | Send Message
     
    Two points:

     

    1) trying to game the system, i.e. selling all your shares to get cash (and depress price) to buy at a discount, you may end up empty handed; among ants like us, Maxim will prefer (large) existing shareholders and those who present a guarantee that they will not flip the shares for a quick profit; I will move a (very) large number of shares to my new shining Maxim account, willing to sign that I will keep them for the long term, and asking for as large an amount of new shares as I can gobble up without choking to death immediately after; if it's oversubscribed (very likely), you have no chance against that

     

    2) in a normal situation, after a financing, the market cap is the old one + new cash (that is, more or less, the pps will not move); in Axion's case, the thing will worth much more than the sum of its parts, because a huge cloud (and the last year's nightmare) will disappear; and I'm not counting upgrading from OTC, and potential good news during the fall (like ePower telling the world they are open for business and nothing else than PbC would do it); add to the equation weak hands that have sold for 9-12c that will try to catch a running train at 15+c because "it's going up" and you have the perfect explosive mix
    28 Aug 2014, 03:00 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (1161) | Send Message
     
    "1) trying to game the system..."

     

    Nicu, for the longest time I held onto this stock (far longer than I should have) over some very bumpy roads, believing the risk/reward ratio would eventually work for me. It finally reached the point where I realized it wasn’t working for me, and I sold out. If that risk/reward ratio changes, I will get back in. But I need management to give me good reasons for doing so. I don’t call that gaming the system.

     

    What I do call gaming the system is when the CEO engineers an utterly disastrous financing, or as you put it, “last year’s nightmare”, and at the same time gives himself and other top management contract extensions with high salaries and unearned annual bonuses. It took a million PIPE shares to pay out those first year's bonuses, which makes my 125K shares look pretty measly in comparison. Before judging others’ investment decisions, you may want to consider their current circumstances and past history are most likely very different from yours.
    28 Aug 2014, 03:36 AM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1081) | Send Message
     
    No intention to "judge" here. Just trying to predict the near future, as everybody else. I admit that "gaming the system" it's not the best formulation.

     

    What I want to say is that you cannot have the cookie and eat it too (escape uncertainty and risk and still make maximum gains).

     

    It's just crazy to see those knowledgeable investors who have suffered for so long give up just before touching the shore.

     

    Unfortunately, it is like I have predicted this long time ago (of course, instead of 12-13c, we went up to 23c - but back down to 8-9c, as predicted; and instead of 2-3 weeks, it took about 6 months - timing is always a bitch)
    http://bit.ly/1qLMri3

     

    For the sake of those still on the ship / train, I hope the last part of the prediction (train leaving the station *soon*) will turn out to be true, timing be damned!
    28 Aug 2014, 03:57 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (1161) | Send Message
     
    "you cannot have the cookie and eat it too (escape uncertainty and risk and still make maximum gains)."

     

    Nicu, I believe this is where our investment philosophy differs (at least currently for me). For a long time, I too sought maximum gains from my AWPW investment, but I now realize that in doing so, my "hold strategy" entailed maximum risk.

     

    Instead of holding, I should have followed my gut at some critical junctures and sold my shares (most recently in June when I began to strongly suspect TG's significant sales would unlikely be materializing before the next financing).

     

    I feel I'm learning from my past mistakes, and need to be more cautious, especially when I don't feel I know enough about what's going on with top management. I may miss some of the maximum gain from this strategy, but it works for me.

     

    Best...
    28 Aug 2014, 04:14 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    In an underwritten offering the big challenge is getting anywhere close to the allocation you want. Axionistas as a group have been spoiled by the last few years because there were effectively unlimited shares available on the sell side and hitting a block target has never been much of a challenge. In a public deal, the underwriters want orders in hand for at least a couple hundred percent of the number of shares they plan to sell.

     

    It's not at all unusual to see an IPO investor order 1,000 shares and get 100 by the time the offering is parceled out to institutions, hedge funds, established clients and new clients. For all intents and purposes, the upcoming financing IS Axion's initial public offering since it's never done this class of public deal before.
    28 Aug 2014, 06:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    WiO: Excellent considerations and work. I thank you for taking the time to organize and share this. I hope APH will consider it for inclusion in the header as the start of a thread of good considerations from all interested responsible parties.

     

    HardToLove
    28 Aug 2014, 06:44 AM Reply Like
  • bazooooka
    , contributor
    Comments (3633) | Send Message
     
    JP,

     

    Can you point us to some examples of companies that have successfully gone from PIPE deals to an underwritten offering and halted an otherwise miserable stock chart.

     

    I want to get excited about this offering, but like Wayne, I can't find too many examples of RS and up list that actually end up with the stock higher.

     

    Your enthusiasm and referencing this as an "ipo" is intriguing but I don't see too many others reading the tea leaves so positively.
    28 Aug 2014, 06:55 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I have a very narrow perspective when it comes to the market. I only pay serious attention to companies I own and I don't own companies that I don't know intimately. Over the last three decades I've only had a handful of clients that began with a reverse merger and grew to the point where they earned a market upgrade. The number that got a market upgrade and went on to complete a full underwritten public offering is even smaller. They all provided spectacular returns for holders who bought at or near the lows. The process of making the sausage was never pretty, but it sure was tasty.

     

    Most investors view stock charts, particularly really good and really bad stock charts, as some sort of definitive proof of value. I've been around long enough to know that stock charts are nothing more than a measure of emotion that has nothing to do with intrinsic value. The old saw about markets acting like voting machines in the short term and weighing machines in the long term is a "Great Truth" and the unspoken corollary is, "the voters frequently get it wrong." That's why we end up with situations where a Tesla is valued at 33X an inflated book value while an Axion is valued at 4X an understated book value.

     

    In my experience, starting from a reverse merger and getting to a market upgrade is very rare. Starting from a reverse merger and getting to an underwritten public offering is even more extraordinary. Doing both at the same time is unheard of. Ultimately Axion's worth will be based on the worth of the PbC and unlike all the others, I've not only held a PbC in my hands but I've seen it work in the real world. I've seen it do work that I would have thought impossible if I had not seen it with my own eyes.

     

    My heart aches when I read the conversations in this forum because so many are going out of their way to find fault with everything. It's self defeating behavior that makes it much harder for management to do its job. The negativity scares people away from the stock and pulls the price down and virtually guarantees that the next round of investors will get far more attractive pricing than they need or deserve.

     

    Firms like Maxim will raise money privately for anybody with a story to tell. They only do underwritten public deals for the best of the best, and they usually won't do underwritten public deals unless the deals will go off at a big discount to intrinsic value.

     

    I have a different perspective than most commenters in this forum because I've lived for three decades in a world that most commenters in this forum will never see.
    28 Aug 2014, 07:59 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1220) | Send Message
     
    WiO, that is probably the best, most realistic assessment of the current situation that I have heard in a long time. To me, the fact that Maxim is cold calling retail investors to get this financing subscribed is reason enough to stay far far away. Unless some clear path to sustainable revenue emerges very very soon (as in right now), I have no doubt you will be able to pick up shares in December-January time frame for less than half their current value. Needless to say, I am sleeping much better since I sold out two months ago. Like you, I continue to watch on the off chance that they might one day actually start offering batteries for sale.
    28 Aug 2014, 09:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    In 30 years of practice I've never seen a client complete an offering without encountering significant stockholder complaints that "we didn't get a chance to participate." It's almost impossible in a forum like this to avoid deep discussions on the wonders of rights offerings that let the old guard participate on the same terms as new money.

     

    It is very hard for a company like Axion to convince an underwriter that a planned offering should be made available to the existing stockholder base. The fact that Axion has prevailed on Maxim to include the existing base speaks volumes about Axion's relative bargaining strength and Maxim's respect for the stockholder base.

     

    This is not a sign of weakness by any stretch.
    28 Aug 2014, 09:28 AM Reply Like
  • LT
    , contributor
    Comments (5736) | Send Message
     
    why don't u go ahead and mention that one big reason for contacting anyone who may buy...

     

    The IP is mortgaged....if they fail to raise the money or at least $10 million it goes to BA.

     

    therefore it's imperative that they be sure this offering is over subscribed.
    IMO, it has nothing to do with all this other BS. They never have cared about shareholders and probably never will again.
    28 Aug 2014, 09:32 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    You seem to be misreading the terms. Bob has a security interest in the IP until his note is paid. When total fundraising proceeds exceed $10 million the due date of the note gets accelerated. That does not change the fact that Axion has the power to pay Bob off at any time and from any available resources.

     

    If this were the panic situation you portray, there isn't a snowballs chance in hell that a mid-tier underwriter would be doing a public offering.
    28 Aug 2014, 10:00 AM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1081) | Send Message
     
    Wow, this board touches novel lows every day lately, more so than AXPW!

     

    I'm speechless how intelligent and courageous people who started together in an effort to understand a market and a new player (Axion) became ... a fear mongering herd, throwing mud in whatever moves:

     

    - we never had the opportunity to participate blah blah
    - when we do ... it's because nobody wants it and the company doesn't care about its investors and its pps (just wow!)
    - they are just losing their time, our money, drinking coffee and watching p...

     

    You guys should buy an island and vote Johnny Rambo president!
    28 Aug 2014, 10:21 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    Nicu> You know things are reaching the bottom of the emotional trough when the lack of conviction is obvious to a resident of Paris who speaks English as a third (or is it fourth?) language.
    28 Aug 2014, 10:38 AM Reply Like
  • rhyse12
    , contributor
    Comments (227) | Send Message
     
    It's not at all unusual to see an IPO investor order 1,000 shares and get 100 by the time the offering is parceled out to institutions, hedge funds, established clients and new clients.

     

    In fairness- I have had this experience twice in my life..
    The ratio was the same both times, 1000's became 100's.. Frustrating experiences..
    28 Aug 2014, 11:53 AM Reply Like
  • Al Marshall
    , contributor
    Comments (623) | Send Message
     
    I'm in-between on this point. It would be a nice sign from Axion management that it actually knows about it loyal shareholder base and isn't afraid to make an overture to that base. Still, it's never happened before so like a dog that's always been beaten by its master, a positive gesture may not be recognized as such at first.

     

    Also, Maxim's goal here should be to get the offering as oversubscribed as possible. Having a junior person dial for dollars to sell 20m shares (pre-split) would only help this and certainly wouldn't hurt.

     

    However, the 900lb gorilla in the room is that Maxim presided over an extremely punishing stock sale one year ago. Over that year remarkably little publicly has happened for Axion (bySolar - anyone think of anything else?). So, why is Maxim all of a sudden giving Axion the Cinderella treatment?

     

    A couple of theories:
    1. When it did the offering last year a Maxim executive promised Axion they'd "do it right" the next time. This has credence with me because if I were Axion I'd want nothing to do with Maxim after the PIPE. Would you?

     

    2. Maxim is or is affiliated with the institutional investors who are working on a large-scale investment in projects along the lines of the bySolar project.

     

    To make that deal work the key supplier must be financially healthy. If you were the manager of a pot of insurance money (or a commercial lender) being asked to put x million dollars into such an endeavor with the key supplier (Axion) being in the straits it is in would you: A. Laugh at the proposal or B. Get angry and never take a call from a Maxim banker again?

     

    So, this institution needs to get Cinderella out of the basement, give her about ten baths, and dress her up for the big event or they will have zero chance of raising the money needed to launch their project.

     

    ----
    What will this project be? My guess is it will be similar to a real estate investment fund although I'm not sure it could be structured as a REIT (isn't the criteria pretty loose?). To make it worthwhile you'd think they are looking at tens of millions of equity and maybe $100m of debt.

     

    I would think the equity investors in this fund are going to be the key investors in Axion's offering as well. If this is the case, the mere announcement of the battery purchase order would cause Axion's stock price to jump enough that it would completely de-risk that project before moving the first shovel-full of dirt.

     

    If, if, if. If this is the plan, then you can see that they have a tremendous incentive to keep everything a secret and impose a news blackout on Axion while they get all the pieces in place.

     

    It'd be a great story for us and while it sort of fills in the blanks I have to admit that I don't really think it's likely. Betting on it would be like Charlie Brown thinking that Lucy is finally going to let him kick the ball. Of course, we all have a pretty good amount of Charlie Brown in us or we wouldn't be participating in this board and interested in Axion in the first place.
    28 Aug 2014, 12:02 PM Reply Like
  • Amouna
    , contributor
    Comments (1949) | Send Message
     
    I am still trying to keep my cool head but d**n it's hard :))
    28 Aug 2014, 12:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Amouna: As the old saying goes, "If you can keep your head while all around are losing theirs ... you obviously don't understand how dire the situation really is"! ;-))

     

    That really is supposed to be a joke, honest! :-))

     

    HardToLove
    28 Aug 2014, 01:05 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    The level of involvement for brokerage firms acting as the placement agent for an unregistered deal like the PIPE is a world apart from the level of involvement in an underwritten public offering.

     

    In an unregistered deal the bare knuckle negotiation is between the issuer and the investors, and the broker usually has very little to do with the process or terms.

     

    In a public offering the negotiations are direct between the issuer and the underwriter and the investors have only limited input.

     

    In a ham and eggs breakfast the chicken is interested and the pig is committed. Brokers are interested in unregistered deals and committed to underwritten ones.

     

    FWIW I think Axion's management is fully cognizant of the importance and stamina of the stockholder base.
    28 Aug 2014, 01:06 PM Reply Like
  • Edmund Metcalfe
    , contributor
    Comments (2745) | Send Message
     
    I'll be interested in insider trades or IPO participation. When will we have any indication of those?
    28 Aug 2014, 02:01 PM Reply Like
  • Shirleyr
    , contributor
    Comments (122) | Send Message
     
    WIO, thank you for taking the time to share your thought process here. What you and few others have done recently by selling all is different from my own investment strategy. When I invest in a 'high risk' stock with a good probability of losing it, I do decide based on the product and management' expertise and experience. Once I've committed I am loyal to the end. This investment is different for me because it is the first with a company that has little to no debt. So I have changed my groove and not continued with insanity as Einstein would say. :0)
    28 Aug 2014, 02:52 PM Reply Like
  • geopark
    , contributor
    Comments (330) | Send Message
     
    WIO,

     

    Many thanks for this most thoughtful post. I agree with HTL that this should be a post archived in the header. I admire your decision to have sold your position @ ~.12 (as I recall) for the obvious reasons. And NO, your post was not too long, kind of like a Mozart symphony, all notes (words) important.

     

    I believe your assessment with what the stock price will do after a split is correct although I also agree with Ranma that some of that has already been accounted for. Much will obviously depend on the coveted 'news' and the timing for that is unknowable to me. For the record I will revise my downside 'possibility' to an equivalent .06/.05 per share although I believe .08/.07 is more likely. That said, I continue to believe that Axion will survive, be a success, and legacy holders (say $1/sh) will be made whole and possibly more. Ultimately I believe it will be like the proverbial ten+ year overnight success story.

     

    I do not share your concern about Mr. DiGiacinto but rather share with dimca's thought of . . "a positive feeling that things are starting to percolate".

     

    I also have no concerns about Mr. O'Leary being a 'junior banker' (Ranma) or the fact that Maxim is cold calling. I rather more agree with Nicu's satirical comment about the "opportunity to participate". I may or may not partake, but I like the perception that I might be 'allowed' to.

     

    Each of us has different goals and risk/reward comfort zones. No one who comments on these pages will pay my mortgage or doctor bills if I lose, nor would I want them to. I applaud your past decision to have sold and I greatly respect your thought process and thank you for sharing it with us.

     

    geopark
    28 Aug 2014, 06:01 PM Reply Like
  • LT
    , contributor
    Comments (5736) | Send Message
     
    You just said what I said...the key words are: WHEN

     

    "When total fundraising proceeds exceed $10 million the due date of the note gets accelerated."
    28 Aug 2014, 06:20 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    You said, "...if they fail to raise the money or at least $10 million it goes to BA." That is not true. Axion has no duty to raise any money under the terms of the Averill note and as long as the note gets paid it is irrelevant where the cash comes from.

     

    More importantly, fundraising is not an issue at this point. If it was Maxim would never have signed off on the filing of a registration statement for an underwritten offering. These things are simply not done the way you imagine.
    28 Aug 2014, 06:22 PM Reply Like
  • WayneinOregon
    , contributor
    Comments (1161) | Send Message
     
    Thanks to everyone who had kind words and gratitude for my post. I wasn’t sure how well it would be received, so I’m perhaps doubly thankful. I very much appreciated the lengthy discussion and excellent, thoughtful posts it generated. And I always appreciate the humor that so often finds its way into just about any discussion. — Though I’m not sure if Nicu’s comment “You guys should buy an island and vote Johnny Rambo president!” was meant to be humorous, I have to say I got a good belly laugh out of it. Good one Nicu. lol
    28 Aug 2014, 10:18 PM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1081) | Send Message
     
    Wayne, joke or not, it was not directed to you.

     

    There are several people around who just can't behave like adults and take responsability for their investment in a risky stock. Whatever the decision is, even sell out like you did, one should assume it (like you did) and not blame others for their mistakes.

     

    They know who they are. They come here just to empty their pot of black paint. And when they are not even shareholders for a long time, it's ridiculous. But they keep working hard to graduate from laughingstock to pariah and join the most exquisite of them all, Rambo.
    29 Aug 2014, 02:13 AM Reply Like
  • negoslavbg
    , contributor
    Comments (69) | Send Message
     
    Nicu Mihalache I totally agree with you. In spite of all pessimists - today I will buy.
    Something fun from me. Look at the face of the goalkeeper (Giedrius Arlauskis)-FC Steaua.
    http://bit.ly/1nJNONe
    Some investors will look the same way one day.
    Watch the whole video. Кozmin Мotsi is the central defender of Ludogorets. He puts T-shirt of the reserve goalkeeper (Chvorovich). :))))
    29 Aug 2014, 06:10 AM Reply Like
  • bazooooka
    , contributor
    Comments (3633) | Send Message
     
    JP,

     

    Since Axion will be meeting this below criteria do you predict this to be a near bottom in the stock?

     

    I'd sure like one of my entry points to end up in the spectacular category when I look in the rear view mirror down the road. Also, it'd be great if you could name some old tickers who turned the corner after market upgrades and full offerings.

     

    "The number that got a market upgrade and went on to complete a full underwritten public offering is even smaller. They all provided spectacular returns for holders who bought at or near the lows. "
    29 Aug 2014, 06:35 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I've previously written Instablogs about two of them. While both examples are old because of my 15 years in Europe, the chronology is sill instructive.

     

    http://seekingalpha.co...
    http://seekingalpha.co...

     

    The common thread with both companies is they had to fight their way through ugly financings first and they both ran into problems down the road when they borrowed money too early. Boots ended up getting absorbed by HAL while WRT emerged from bankruptcy as the core of GPOR.
    29 Aug 2014, 07:16 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2660) | Send Message
     
    "They come here just to empty their pot of black paint."

     

    Excuse me Nicu, but while you cast aspersions on those who tell the tale of what has actually occurred. Please also hold accountable the people that have repeatedly painted a picture that either simply wasn't true or has not come true for reasons unknown to us.

     

    I have no problem with owning my decisions, but in the same vein I also expect people that I invest in to perform to their self-imposed predictions or explain why they have continually come up short, very short.

     

    If you hired an employee and the employee regularly told you that they were going to do this or that and the employee was regularly not producing results without sufficient explanation, would you just shrug your shoulders and say ok?
    29 Aug 2014, 10:13 AM Reply Like
  • magounsq
    , contributor
    Comments (998) | Send Message
     
    "Thinking about this again brought a degree of clarity for me on the risks of owning these kinds of stocks, and how there are so many things shareholders and potential investors (and the companies) just don’t know and/or can’t anticipate."

     

    Point taken!

     

    "We all know the only thing that will change Axion’s current financing dynamics is a series of good news events."

     

    That seems to be the one consistent, agreed upon theme on the blog.

     

    FWIW
    Ranma has a point re Aiden's experience, or lack thereof.
    I don't (know) question Aiden's credibility, but his experience.
    (MAXIM has to give him some talking points, but when the Q&A goes on a tangent, I question his lack of experience)

     

    Re RIBT...more apples and oranges re the business space.

     

    "I was surprised to discover these results about RIBT, and don’t know why he held this up as an example of a successful R-S, uplisting and financing."

     

    Again, lack of experience...knowledge.

     

    That said, it has been a long journey!
    29 Aug 2014, 10:14 AM Reply Like
  • magounsq
    , contributor
    Comments (998) | Send Message
     
    "I'm speechless how intelligent and courageous people who started together in an effort to understand a market and a new player (Axion) became ... a fear mongering herd, throwing mud in whatever moves:"

     

    Nicu...good point...some obvious ironies/contradictions here.
    29 Aug 2014, 10:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    "Nicu...good point...some obvious ironies/contradictions here. "

     

    Well, another way to view it is "learning curve".

     

    Some folks try to learn, others stick to their guns. Both could end up wrong.

     

    Personally, I do *not* denigrate either side. Both are doing their best, I think, to expose and discuss and consider things they believe relevant.

     

    As to denigration cast by Nicu and others, typical hubris and, dare I say it, "snobbish" induced by absolute confidence that one POV is the only correct one.

     

    I don't waste my time arguing against them.

     

    I prefer to keep my mouth shut and not *prove* myself a fool ... and I might learn something.

     

    MHO,
    HardToLove
    29 Aug 2014, 10:43 AM Reply Like
  • Bylo-
    , contributor
    Comments (425) | Send Message
     
    Insightful post. Thank you.
    29 Aug 2014, 10:55 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (1161) | Send Message
     
    Magounsq --- "FWIW Ranma has a point re Aiden's experience, or lack thereof."

     

    I totally agree. It was a point I subtly tried to convey while focusing on sticking mostly to the facts and letting others reach this conclusion. I realized afterwards I should have been more clear on that. I was actually disappointed by his lack of understanding about Axion, and was left with some concerns about the quality of information non-Axionistas have been getting.
    29 Aug 2014, 11:25 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (1161) | Send Message
     
    "They come here just to empty their pot of black paint."

     

    Nicu, something I try to keep in mind when I see anger being vented here is that much of it is justifiable (if there is such a thing as justifiable anger, not sure if our body and/or psyche really knows the difference). — But many here literally put a LOT of stock into TG’s words and assurances (I did) only to see precious little responsibility taken when they were shown to have little to no substance.

     

    Some have chalked up TG’s lack of transparency to poor PR. But others, and perhaps justifiably so, have chalked it up to something more akin to deception. It’s almost indisputable we were misled (whether deliberately or not) in a number of important ways, and it cost many here a LOT of money, perhaps leading some to believe TG was gaming his loyal Axionista shareholder base.

     

    Whether or not that’s the case, I can’t say because I don’t know the man. But it does have the appearance of it. Which is why I try to give a LOT of latitude towards those who need to vent now and then. I try to keep mine to a minimum. More importantly, I try to let go of my own lingering anger I admit I still have (don’t think it’s good for me). Selling out and getting a fresh start has actually helped in that regard.

     

    I actually enjoy most posts here, and there’s relatively few I don’t care for. I have the most appreciation for those who post with humor and equanimity which keep things light and informative.
    29 Aug 2014, 11:33 AM Reply Like
  • WayneinOregon
    , contributor
    Comments (1161) | Send Message
     
    Hey Geopark,

     

    Thanks for your kind words. I like that Mozart symphony part. :-) Nice to hear since I had concerns about being perhaps a bit too “droning”.

    A key pps number I have in mind is .066. It reflects the recent relatively stable Mkt. Cap. of $30M at an est. fully diluted stock issuance of ~200M shares (450M total). A concern I have is whether an uplisting to the NASDAQ could inadvertently expose AXPW to some high frequency trading that normally doesn't occur with OTC stocks. IOW, might they try to short the heck out of it to try to take advantage of any RS downward momentum. I honestly don’t know if this concern has any validity whatsoever, so would appreciate hearing from HTL and/or others if they have any opinions.

     

    Though anything is possible, I don’t think we go to .066 or under. While I believe there will be at least somewhat of a negative post-RS dynamic, I also believe like you and Ramna that a lot of it is already priced in. What I think is currently being obscured during this quiet period is the positive dynamic that could quickly set in once the financing is over and DDG is able to start freely communicating a vision of where he wants to take the company (that’s in alignment with ours of course). I also share dimca's thought of . . "a positive feeling that things are starting to percolate", and have been impressed how resilient the recent trading range has been.
    29 Aug 2014, 02:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    WiO: "A concern I have is whether an uplisting to the NASDAQ could inadvertently expose AXPW to some high frequency trading that normally doesn't occur with OTC stocks. IOW, might they try to short the heck out of it to try to take advantage of any RS downward momentum".

     

    HFT depends on high volume and liquidity. I don't believe this financial engineering move and up-listing is going to generate the volume needed.

     

    As to shorting, I think it will also be concerned with volume. Shorts will look at fundamentals and might want to short but if they don't see volume they might fear getting "trapped" if there's a spike up. So I suspect that even though there's likely to be some shorting, if they can't see volume they might be loathe to put much volume into a short position.

     

    In all ignorance,
    HardToLove
    29 Aug 2014, 03:12 PM Reply Like
  • Ranma
    , contributor
    Comments (2080) | Send Message
     
    Shorts attack companies that need financings, not those that have completed financings. If shorts attack AXPW, it will be if they run out of cash without any news again.

     

    Also, 30M market cap was an Axion having an upcoming financing. I doubt 15M additional in cash would leave Axion at the 30M cap again, with the uncertainty removed.
    29 Aug 2014, 03:17 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    After what the PIPErs did to this stock nobody should be near as worried about shorts. As indicated shorts will win if Axion continues to put little sustenance on the table.
    29 Aug 2014, 03:38 PM Reply Like
  • D-inv
    , contributor
    Comments (4364) | Send Message
     
    Hi Wayne. Thanks for sharing your perspectives on Axion and share price outlook, both future potential and for the expected offering. We appear to agree that AXPW is a speculative play, not an "investment", while holding different risk/reward assessments.

     

    Additional dimensions of the offering might be worth factoring into thinking about near and long-term prospects. Date of the offering can be no earlier than date of SEC approval of the S-1. The prospective $15 mil. unit offering (1 share + 1 warrant for 1 share) will likely command a higher unit price than a straight share offering. Plausibly, recent share price erosion is attributable in part to need for the new CEO to respect 'quiet' requirements of the SEC prior to a public offering of securities. As long as the prospective offering remains on track there is little reason to expect further price erosion from present level. Conversely, positive news regarding PbC sales would carry a > 50% probability of boosting share price appreciably. On balance, I would attach a probability on the order of .05 to a share price in the vicinity of $.066 and a unit offering price > $.09 much more prospective. A share price > $.10 is plausible. On news of new PbC shipments, contract award, or design win offering price could be 2X - 3X that $.09 - $.10.

     

    On current scale with 350 million share authorization and 251 million outstanding, only 99 million new shares are issuable. Raising $15 million, there are insufficient shares authorized (350 million) to offer the units at less than $.152 without first executing a reverse split. A 1:50 split at a share price of $.09 would yield a new share price of $4.50, not quite high enough to qualify for consideration of some institutional portfolios where a pre-split price of $.10 or more would.

     

    :-) I'm looking for positive sales news ahead of SEC approval of the S-1.
    29 Aug 2014, 04:55 PM Reply Like
  • bazooooka
    , contributor
    Comments (3633) | Send Message
     
    JP,

     

    Did those bottoms occur from an uplift and public offering? How does the analogy fit with Axion?

     

    Iirc, previously you had predicted some type of bounce when the PIPErs ran out of shares - but now it seems the impetus is based on the RS and uplist?

     

    Should one's optimism be based on the final exhausting of the PIPErs supply or do you expect there is sideline institutional money coming in after Axion uplists?

     

    I sure hope Axion gets better than a 3x bounce off the bottom as 25 cents is still lower than most Axionistas average cost and is at best a double to the most adamant bottom feeders.
    29 Aug 2014, 08:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I remain convinced that getting the PIPErs out of the way will allow the market to quickly recover. The FINRA daily short numbers plummeted in August to 12% of volume and the only thing I see holding the price down right now is fear and the residual effects of battered stockholder syndrome.

     

    The reverse split doesn't bother me in the slightest because the markets behave very differently when reverse splits are proactive rather than protective. Since an upgrade from the OTC to a national market is frequently a "jumper stock" event in its own right and so is a reverse merger company's first bona fide public offering, my list of optimistic catalysts is simply getting longer with each passing day.

     

    I see no reason for Axion to trade at a market cap of less than $200 million. It got pushed to a silly low level by market dynamics and everything I see tells me the dynamics will be very different going forward.
    29 Aug 2014, 08:53 PM Reply Like
  • bazooooka
    , contributor
    Comments (3633) | Send Message
     
    JP,

     

    You speak of battered stockholders. How do those of us with shareholder concerns hold back the price; are we supposed to be buying hand over fist?

     

    It stands to reason that most who post here still hold their Axion shares and may have even averaged down many times - so I'm not sure how Axionistas can be the cause of the prevailing low pps.

     

    Also, I don't think any company can continue to rely on former stockholders to keep buying more and more no matter how rosy the company's prospects and/or stockholders sentiments are.

     

    Are you suggesting that this small itsy bitsy tiny corner of the investment world, these concentrators, are somehow being found by newbies and then used as a reason not to buy the stock? I'd think it would be just the opposite. But I tend to think nobody but us diehards reads the comments here anyhow.
    29 Aug 2014, 09:36 PM Reply Like
  • 481086
    , contributor
    Comments (3440) | Send Message
     
    We just gotta call this John's song:

     

    "So you speak to me of sadness
    And the coming of the winter
    The fear that is within you now
    It seems to never end

     

    And the dreams that have escaped you
    And the hope that you've forgotten
    You tell me what we need right now
    You want to find some friends

     

    And you wonder where we're going
    Where's the rhyme; where's the reason
    And it's you cannot accept
    It is here we must begin
    To trust the wisdom of the market
    And the graceful way of dollars in the wind

     

    For the market and the dollars
    Are our sisters and our brothers
    Their power and their holiness
    Will clear our cloudy day

     

    Like the music of the mountains
    And the colours of the rainbow
    They're the promise of our future
    And a blessing for today
    Though the cities start to crumble
    And the towers fall around us
    The PIPE is slowly fading
    And it's now older than the sea

     

    It is written from the desert
    To the mountains they shall lead us
    By the hand and by the wallet
    They will comfort you and me
    In our innocence and trusting
    They will show us that we're free

     

    And the song that I am singing
    Is the prayer to non believers
    Come and stand beside it
    We are on our brighter way!"
    29 Aug 2014, 09:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    That's exactly what I'm suggesting Bazoooka. Every investment decision is a battle between fear and greed and it doesn't take much incremental fear to sideline a potential investor who's grappling with his own internal battle.

     

    I think the constant harping does incalculable damage to the market and has a catastrophic impact on the value of everybody's investment, including those who bitch loudest and longest. I'm continually amazed that our strident critics don't understand how badly they're damaging their own interests along with everybody else's.

     

    This forum used to be a wellspring of useful information and insight. Now it frequently smells more like a latrine which is why the population of consistent participants has fallen off a cliff in recent months.
    29 Aug 2014, 10:21 PM Reply Like
  • 481086
    , contributor
    Comments (3440) | Send Message
     
    This is clearly a time of significant stress and uncertainty.

     

    We are on the eve of a crucial financing.
    The RS gun is cocked and loaded.
    The all important up-listing is looked-for with great hope.
    But it is not yet a done deal.
    A new and capable CEO is at the helm, but the true depth and intensity of his commitment is still not really known.
    TG was nothing if not commitment personified, but he is now sidelined...
    The quiet period (fully justified) has imposed a dearth of information at the very time of maximum hunger.
    The storage world and the competition *seem* to be galloping on ahead without us just fine..
    Many dogs expected to have barked by now just haven't... but they are still out there.

     

    In sum, things are tee'd up for some major resolution soon. And in a big way. The tension is nearly at an all time high. It's just natural. There's going to be some wee wee in the trenches and in the ranks. And some of it stinks sure. But as long as the troops are still sticking around, even though there's a lot of griping and grumbling, well that's healthy. It's when it goes too quiet that there's real trouble..

     

    What's the phrase? We have to go through this to get through this. A few more days of patience and endurance (and tolerance) will get us there. To some kind of resolution at least if not the golden shore...

     

    my two cents anyway
    29 Aug 2014, 10:48 PM Reply Like
  • Ranma
    , contributor
    Comments (2080) | Send Message
     
    I very often trade stocks aided by message board posts. It can be just as valuable as technical analysis of stock charts. There is no doubt in my mind that the dour mood here has seriously damaged the share price. Skate to where the puck is going, and what people post tells you where that is.
    30 Aug 2014, 12:43 AM Reply Like
  • Mayascribe
    , contributor
    Comments (10780) | Send Message
     
    JP: Sorry my pal, in advance. But everything you wrote above becomes irrelevant without sales.
    30 Aug 2014, 03:54 AM Reply Like
  • bazooooka
    , contributor
    Comments (3633) | Send Message
     
    JP,

     

    Axion should have a better strategy to attract money than cheery posts on these message boards. My worry isn't about those that still post, even the surly ones, but rather those who leave (and presumably sell) in silence.

     

    I remember when Maya quit posting last year and it wasn't long after that the shares drifted significantly downward. I'd bet dollars to donuts many others silently hit the exits at the same time since humans tend to react in similar ways.

     

    Heck, it's actually not to hard to go back and looks and the active posters from yore compared to who is left. As for new money, it will be up to Axion to deliver some good pr.

     

    Sadly, as great as a writer as you are, I don't think any new investors can/will come into this stock until there is real meat to chew on (maybe EPower will deliver that meat) .

     

    We Axionistas can only talk about the glacial pace of past elephant expeditions so much. Axion needs to bring home some game so the tribe can feast or at least nibble and then I'm sure we will all loudly invite others to our party - like many of us once did years back.
    30 Aug 2014, 04:22 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    Bazoooka> The old hands aren't selling, they're just avoiding this forum as it degenerates to something that's beginning to bear an eerie resemblance Yahoo+

     

    We have lost some outspoken holders, but liquidation decisions are nowhere near as common or pervasive as you imagine. The base is rock solid and it doesn't care about surly comments in this forum. The only thing the surly commenters accomplish is keeping the watchers on the sidelines.

     

    The numbers say it all.

     

    A grand total of 294 million shares have traded since the PIPE share registration went effective on 6-Jun-13. That's 147 million shares of selling and 147 million shares of buying.

     

    The PIPErs accounted for 108 million shares of the selling, which left 39 million shares for:

     

    a) short-term trading by holders with solid cores;
    b) short-term trading by newsletter readers;
    c) short-term trading by opportunists; and
    d) liquidations by holders like Maya.

     

    Any time a stockholder base starts with a consolidated float of 100 million shares and ends with a consolidated float of 208 million shares, the fact that there was less than 40 million shares of selling along the way is meaningless.

     

    Equilibrium, by definition, is the point in time when the public stockholders of a company sell as many shares as they buy during a particular period. As long as the public is buying two, three or four times as many shares as they're selling, you're miles from equilibrium and nowhere near fair value.
    30 Aug 2014, 05:39 AM Reply Like
  • LT
    , contributor
    Comments (5736) | Send Message
     
    meaningless? or is it the beginning of the axionista's melting and slipping away ?

     

    I think there are more who want no part of this RS than you think, and people with experience who disagree with you that the RS is the greatest thing since ice cream and the formation of AXPW
    30 Aug 2014, 05:47 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    As stand-alone events, reverse split are usually bad.

     

    As part of a package that moves Axion's trading to a national exchange and brings in an entirely new class of investors who can't or won't trade OTC stocks, something that's normally bad becomes wonderful.

     

    I would have preferred the listing upgrade and the underwritten offering without a reverse split or any of the other painful events I've endured since I stepped aside as Axion's counsel in early 2008, but I wasn't in charge of the market then and I'm certainly not in charge now. So instead of engaging in wishful thinking and crying overs spilt milk I accept the realities of this day and make the best choices I can.
    30 Aug 2014, 05:56 AM Reply Like
  • topcat1906
    , contributor
    Comments (76) | Send Message
     
    I have doubled my share count in preparation for the pending dilution. As a long term shareholder, the RS does not bother me. If it turns out to be a good move, I am not selling my shares. If the RS turns out to be a bad move, I am still not selling my shares. I will begin liquidating my AXPW holdings in 2024, seven years before my planned early retirement at age 60 in 2031.
    30 Aug 2014, 09:37 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2963) | Send Message
     
    JP, you have been the most consistent positive supporter for Axion for many years - yet the price declined. I was a very positive poster for four years, and I, too, had no positive impact on the price. I don't see how a few "negative" comments (and troll comments immediately deleted) can be considered such powerful poison.

     

    Awfully asymmetric for my way of thinking.

     

    Lack of sales? Lack of marketing? Lack of information on product? And then a reverse split, most often in penny stocks a synonym for hospice? Naw, none of that has any impact on business success or price.
    30 Aug 2014, 11:07 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    You and I look at the same stock price chart and see entirely different things, which means we attribute the long slow price decline to different causes.

     

    Because of my profession and the nature of my clients I have become an expert in the behavior of micro-cap stock markets and the impact of financing transactions on those markets. When I look at Axion's financing activities over the last five years and factor in the behavior of the investors in Axion's offerings I see a clear and complete explanation for the price decline without ever getting past fundamental market issues like liquidity, supply and demand.

     

    Since most participants in this forum lack my training and experience with micro-cap markets, they find a clean and straightforward supply and demand analysis unpalatable and conclude there must be a deeper reasons for the protracted price decline. The favored whipping boys are (a) the failure to ramp sales during a period when Axion didn't have a product that it could sell at a reasonable price and (b) a dearth of published technical detail that's beyond the depth of substantially all investors.

     

    Axion has just exited the R&D phase and it's working to cement its first credible customer relationships. That point sits in the lower left hand corner of the hype cycle graph. The insistence on using evaluation metrics that only apply to mature companies that have advanced to the right hand side of the hype cycle graph is the most common and pervasive sophistry in this forum.

     

    Emerging companies trade on the basis of potential while established companies trade on the basis of execution. If you insist on using established company to metrics to evaluate an emerging company you'll reach the wrong conclusion every time.

     

    It's that simple and that complex.
    30 Aug 2014, 11:35 AM Reply Like
  • Ranma
    , contributor
    Comments (2080) | Send Message
     
    I and many others here would not be an AXPW shareholder were it not for the Concentrators. 99.99% of investors would simply have no idea what advantage the PbC has, and even if they knew about DCA. etc., they wouldn't know why that mattered. The fact is, a large percentage of shareholders became that way because of these Concentrators. A few vocal moaners can easily ruin this mechanism.
    30 Aug 2014, 11:54 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2963) | Send Message
     
    JP - You wrote "(b) a dearth of published technical detail that's beyond the depth of substantially all investors."

     

    My calls for technical information have nothing to do with encouraging investors. We agree that the vast majority of retail stock purchasers are not educated to understand detailed, technical information, whether batteries or biotech.

     

    My oh-so-tiresome kvetch is that the vast majority of potential CUSTOMERS, elephant to mouse, cannot easily access enough technical information to even make the call to New Castle.

     

    We have both have had excellent, and mostly non-overlapping, training in different parts of business. I am not a finance guy or an attorney; I run businesses, focusing on development and operations. Your hammer only sees nails; my screwdriver looks for fasteners. "It's that simple and that complex."

     

    Peace, and have a great weekend
    30 Aug 2014, 11:56 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    My experience tells me that one needs to build walls before there's anyplace to attach a fastener. I don't disagree with you on the long-term requirements for a successful sustainable business. Where we part ways is that I want to see the walls built, drywalled and painted before I worry about installing kitchen cabinets, sinks, toilets and electrical outlets.
    30 Aug 2014, 01:01 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2660) | Send Message
     
    "why the population of consistent participants has fallen off a cliff in recent months."

     

    Respectfully, I disagree as to why participation has fallen off. In my opinion, it has to do with Axion's performance over a period of years.
    30 Aug 2014, 01:15 PM Reply Like
  • magounsq
    , contributor
    Comments (998) | Send Message
     
    "Well, another way to view it is "learning curve".

     

    Personally, I do *not* denigrate either side. Both are doing their best, I think, to expose and discuss and consider things they believe relevant."

     

    HTL...agreed...until it become incessant, excessively repetitive and personal.

     

    Again, that said, a lot of learning opportunities here!
    30 Aug 2014, 02:06 PM Reply Like
  • magounsq
    , contributor
    Comments (998) | Send Message
     
    JP

     

    "The reverse split doesn't bother me in the slightest ..."

     

    Are you referring to long term or short term?
    I'll acknowledge my ignorance, but at ~ 10 cents I could see good news (SALES) having a tremendous pps impact. At $5, I suspect any good news will mute a % run, albeit with less shares out there.
    30 Aug 2014, 02:20 PM Reply Like
  • LT
    , contributor
    Comments (5736) | Send Message
     
    JP, it takes a lot of nerve to write that response to Rick. 3-4 years ago you would tout that AXPW was licensed for 3000 batteries/mo, and would fill in-house capacity before they had to outsource. They had all these multi billion $$ mkts to serve. Now you say they were a "R&D" company then,
    heck we argued that BMW and start/stop was a 2016 or 17 event you stated repeatedly that AXPW could fill orders and now we find out that they didn't even have an automated process...I am sure auto would grant them a design win with the major component being made by hand like "biscuit dough".
    Not to mention it was your shell and the mess in the Mega-C that cost tons of money to defend and years of setbacks, and you that hired TG and defended him thru all his failures to deliver, and you still tout this stock to the end. Oh there's so much more I would like to write, but this bs makes me sick.

     

    Since you are now a securities and micro cap stock pro, why don't u put your money into it?
    30 Aug 2014, 03:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    Stefan> You obviously don't get the same messages and e-mails that I receive on a regular basis. The theme is always the same. Nobody is interested in reading a daily litany of past sins and festering resentment.

     

    Magounssq> The only number that matters to market professionals is total market capitalization or enterprise value. An event that would justify a double on a 10¢ will justify a double on a $10 stock.

     

    LT> Your ability to twist the facts to suit the fancy of your inner troll never ceases to amaze. Mercifully, everything I've ever written is readily available to anyone who cares enough to check for themselves.
    30 Aug 2014, 04:11 PM Reply Like
  • LT
    , contributor
    Comments (5736) | Send Message
     
    unfortunately no one is going thru 361 concentrators to find it all.

     

    And...u of all people know I'm NOT a troll and that I'm not twisting anything.

     

    you are the one always changing your tune like the weather and touting failure and negative thing about AXPW as the greatest thing yet to happen to them. And look at the price today... .085
    30 Aug 2014, 04:30 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I didn't say you were a troll, but just as we each have an inner child that forces his way to the surface from time to time we each have an inner troll that loves to bitch.

     

    Unfortunately every time we give voice to our inner troll we load another bale of hay on the camel's back.
    30 Aug 2014, 05:10 PM Reply Like
  • growsmart
    , contributor
    Comments (177) | Send Message
     
    It has to do with perpetual whining. This blog is useless now with the exception of John's informative posts and explanations, HTL's excellent statistics and the few other adults who still post. Most of the adult posters have left the room. When the Concentrator started it was great. Now it is lousy.
    Suggestion: Book mark John and HTL and link to any comments that pique your interest. Saves a lot of heartburn and time.
    30 Aug 2014, 07:27 PM Reply Like
  • Amouna
    , contributor
    Comments (1949) | Send Message
     
    JP,

     

    "(a) the failure to ramp sales during a period when Axion didn't have a product that it could sell at a reasonable price "

     

    It sure didn't sound like this when quarter after quarter, year after year we had the impression Axion was literally open for business and that evasive customer number 1 was days away from a major order. Deception anyone? It may simply have been TG's naivete that got the better out of him, but please understand that people jumped into this stock then and there BECAUSE we were given a picture that in hindsight now looks quite "misleading".

     

    I am sure many- including me - would have preferred to get in at a later stage and have a better entry price.
    30 Aug 2014, 07:42 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1925) | Send Message
     
    @growsmart: I'm glad your investment in Axion is working out for you. Godspeed, Brother and best of luck with your ostrich approach!
    30 Aug 2014, 07:45 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    Amouna> Axion had a product during all those quarters but it was an expensive product that involved a lot of hand labor.

     

    While electrode assembly fabrication was limited to less than 200 PbC's per day, there was a product for sale to customers who were willing to pay for performance. The first generation sheeting process was not a show-stopper for anybody and several first tier companies spent years and millions of dollars testing and validating the PbC's performance.

     

    The automated sheeting process was a gift from the gods because it stripped out about 80% of the labor and made an expensive product affordable to a much broader cross-section of the market. It did not make the first generation process any less reliable or scaleable.

     

    Tom was overly optimistic about the amount of time potential customers would devote to testing, validation and product planning, but so was everyone else. Hindsight may be 20/20 but that doesn't make a look forward through a murky crystal ball deceptive and you know it.
    30 Aug 2014, 08:02 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    There is an immense difference between recognizing issues for what they are and beating a dead horse. Nobody I know takes an ostrich approach to Axion, but we all accept the fact that companies and products must have adequate time to mature and prove their worth before they can become an overnight success.
    30 Aug 2014, 08:06 PM Reply Like
  • growsmart
    , contributor
    Comments (177) | Send Message
     
    OR. How do you know my investment is working out? I said nothing about that. How do you know I am an ostrich? I made no indication that I didn't want to hear rational discussion. Your speculation about my investment success and my unwillingness to face facts is wrong and misguided as are many of the other comments nowadays on the Concentrator. That is why I posted my comment. Your reply is an epitome and exemplar of the problem with this Concentrator now.
    30 Aug 2014, 08:07 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1925) | Send Message
     
    Like I said: Good luck with your approach. I hope to rejoin you on the other side. Cheers.
    30 Aug 2014, 11:02 PM Reply Like
  • magounsq
    , contributor
    Comments (998) | Send Message
     
    "An event that would justify a double on a 10¢ will justify a double on a $10 stock."

     

    Thanks John!
    31 Aug 2014, 12:25 PM Reply Like
  • obieephyhm
    , contributor
    Comments (1594) | Send Message
     
    and to that, I say: amen.
    1 Sep 2014, 11:34 AM Reply Like
  • Al Marshall
    , contributor
    Comments (623) | Send Message
     
    WIO: Wonderful note! Thanks for sharing what you learned and the way you are looking at the company's financial potential. I think that's a very good approach and you seem to be doing it correctly. I used to think that Axion could be a 100x winner but now I'm having a hard time getting much beyond 10x given my cost basis.

     

    One specific point you made that I hadn't fully considered but think you are correct about is the perception of DDG. The lack of communication from him is a real downer. The key thing many people know about him is that he is keeping his 2nd job (the elected position in his home town). The two combined may give many folks the impression that he's just an interim CEO. I hadn't really thought of that but have to admit it is possible.
    28 Aug 2014, 12:08 AM Reply Like
  • dlmca
    , contributor
    Comments (405) | Send Message
     
    Patiently waiting for signs of change and progress from DDG's new leadership

     

    Nothing firm as yet - but there is a positive feeling that things are starting to percolate

     

    We should know more in the next couple of months

     

    I note I have not yet received Dave's promised written communication. Suspect he is waiting for some positive news to add to the realities
    28 Aug 2014, 06:55 AM Reply Like
  • greentongue
    , contributor
    Comments (984) | Send Message
     
    If I recall the previous roll-out for NS-999 was in September.
    Since I will be on vacation in the mountains, and out of the web, I'm betting the next roll-out will happen the beginning of September.
    28 Aug 2014, 08:31 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2660) | Send Message
     
    Greensmith to include 4 new battery types ...

     

    "We're quite pleased to be on pace to successfully integrate our 12th battery type by the end of 2014 - and while it's become fashionable to proclaim battery-agnosticism in the marketplace, it's quite another thing to have actually executed and delivered the goods."

     

    Again, VD get on the PIPE, err, I mean phone and make a sale.

     

    http://bit.ly/1pluAmu
    28 Aug 2014, 09:41 AM Reply Like
  • nogoodslacker
    , contributor
    Comments (1220) | Send Message
     
    Does Vani even work there anymore? I mean, other than getting the coffee pot going in the morning and surfing the web all day. Jeez, if I was the head of sales dept, I would be out in the news as much as possible, writing blogs, issuing white papers, and all sorts of other things that would leave a visible trail.
    28 Aug 2014, 09:54 AM Reply Like
  • JohnM121
    , contributor
    Comments (485) | Send Message
     
    nogoodslacker: If you did that, you would have to change your moniker. The history of the company so far is that general wide reaching marketing is not necessary. I have no idea what is going on inside. I've been assuming that their customer development resources are filled up with current customer projects under development and don't need more projects.
    28 Aug 2014, 12:13 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1942) | Send Message
     
    Who knows Stefan, we may already be on the list.
    28 Aug 2014, 01:16 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    08/27/2014: EOD stuff partially copied from blog (up now).
    # Trds: 39, MinTrSz: 500, MaxTrSz: 190000, Vol: 496000, AvTrSz: 12718
    Min. Pr: 0.0850, Max Pr: 0.0900, VW Avg. Tr. Pr: 0.0878
    # Buys, Shares: 11 100200, VW Avg Buy Pr: 0.0887
    # Sells, Shares: 23 353500, VW Avg Sell Pr: 0.0876
    # Unkn, Shares: 5 42300, VW Avg Unk. Pr: 0.0878
    Buy:Sell 1:3.53 (20.20% "buys"), DlyShts 17000 (03.43%), Dly Sht % of 'sells' 4.81%

     

    John was kind enough to inform me that the warrant conversions are done and those shares would show up in FINRA short reports in this comment http://tinyurl.com/opp.... So that's one thing I can stop mulling.

     

    It does raise another concern though. With the short percentage being at such a low average of 15.02% this month indicating that it's not a lot of PIPErs selling, selling percentage being so high, 66.36% for this month, I have to guess that the selling pressure is coming from retail investors.

     

    Combined with everything else I'm seeing in the data, I'm getting the feeling that the “flat or slightly improved in the last and first weeks of the month” past behavior is going to have a tough time holding. As I had mentioned, I was uncertain if the pattern would hold, albeit I was worried for the wrong reason apparently.

     

    We have now started challenging the $0.085 level where the 590K bid at $0.085, if it still exists, lays. If we continue seeing these large blocks account for such a high percentage of daily volume, I now worry even more than before that the $0.0850/1 level won't hold up. Low volume might allow it to hold, but if we get high volume due to these large trades, I think not.

     

    The NITE 590K wasn't seen today. Since NITE was on the bid all day at a better price I hopeful (changed from “it's likely”) the bid is still there but just masked for now.

     

    Our friendly paint crew gave us a close of $0.0897 today with a buy. If they had been goofing off the close would have been $0.0850 (one of several 500 share “lures” to the downside today), which would have been at the day's low. Instead we got a close 5.53% above the two prior sells of $0.0850 for 500 shares each, and 1.13% above the 190K sell for $0.0887 just before them.

     

    The directional correlation of buy percentage and daily short percentage is still broken as buy percentage improved and daily short percentage fell. This suggests some underlying condition changed or was changing.

     

    On the traditional TA front, the low finally gave up holding around the $0.086 area and went to $0.0850 today. The highs had been getting lower six of the prior seven days, but today ...

     

    As before, all in all the traditional TA stuff suggested no change – continued slow weakening seems to be the order of the day.

     

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

     

    HardToLove
    28 Aug 2014, 09:51 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I think your discussions of high and low volumes ignore one critical factor – even high volume days for Axion are incredibly anemic when compared to the universe of public companies that form the theoretical basis for TA.

     

    In a double count market Axion has a 50-day average volume of just under 500,000 shares, which would be reported as 250,000 shares of volume if Axion traded on the Nasdaq or NYSE. That volume represents 1/10 of 1% of the float while typical numbers or moderately liquid stocks hang out in the 1% per day range.
    28 Aug 2014, 10:09 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    John: I consider volume only in terms of what's normal for this stock. That may be a flaw but I see no benefit towards my particular goals in comparing it to other stocks that behave substantially differently, may have much different underlying fundamentals, etc.

     

    For other people's goals, I accept that what I do may be completely useless.

     

    HardToLove
    28 Aug 2014, 10:13 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    FYI: last few days, and again today, "fishing" has been to entice selling, with small trades hitting the bid.

     

    Some MM wants your shares. Maybe to satisfy some more of the 190K+ block trades and such?

     

    HardToLove
    28 Aug 2014, 11:55 AM Reply Like
  • Ricknplano
    , contributor
    Comments (328) | Send Message
     
    WiO, thank you for your thoughts.

     

    Most of what I read on this blog these days reminds me of what I hear on CNBC. Some experts explain why stocks are going to soar, some explain why stocks are going to crash and some explain why stock prices are about right. All have reasons and appear sincere. This is interesting and helps us think, but does not provide clear guidance on how to invest.

     

    Psychologists tell us we all suffer from confirmation bias, we hear what supports our beliefs and dismiss what conflicts with our beliefs. It is a human condition, hard wired, genetically coded.

     

    Since I know I may miss relevant issues due to my confirmation bias I try to base investments on known facts, not speculation. Examples include not trying to time the bottom or top of a stock price. The bottom is always zero. If a stock is not zero it can still fall. And trying to predict the top may leave you like Steve Wozniak, the co-founder of Apple (who could know more about Apple than him) who sold most of his apple stock when the price was about 5% of current value because he thought it was at the top.

     

    What we do actually know is that stock prices fluctuate with emotion but over time the stock price should represent the discounted present value of all future earnings. Right now Axion has no earnings so the stock price reflects expected future earnings which are totally speculative. A prudent investor would wait for actual recurring sales (which should also mean earnings) before investing. When I first started following Axion it was over $2 a share. Watching it fall to less than 10 cents reminds me of the words of Will Rogers who said, "I am not as much worried about return ON my capital as return OF my capital". Investing only after significant recurring sales will almost certainly miss the bottom, but will also avoid almost all risk. On balance, I prefer to wait for the sales and miss the bottom than speculate we are at the bottom and possibly lose everything. For others, well, your confirmation bias will determine if you think my view is genius, idiotic, or about right.
    28 Aug 2014, 12:17 PM Reply Like
  • D Lane
    , contributor
    Comments (1580) | Send Message
     
    RicknPlano,

     

    Nice post!
    28 Aug 2014, 02:02 PM Reply Like
  • Ricknplano
    , contributor
    Comments (328) | Send Message
     
    Thank you.
    28 Aug 2014, 03:37 PM Reply Like
  • micmac1
    , contributor
    Comments (98) | Send Message
     
    Your view is 100% right; you define yourself a prudent investor.
    I like to risk so I try to find companies in the "death valley" and then wait for appreciation (or no), you may have a multibagger or loose everything, it is just a question of style.
    I still think that AXION will be a multibagger (at least for me my average cost is 0.12). With this base cost I tend to consider stock values from 0.08 to 0.2 as normal fluctuation of a microcap.
    28 Aug 2014, 07:01 PM Reply Like
  • 481086
    , contributor
    Comments (3440) | Send Message
     
    Wayne,

     

    May the road rise up to meet you brother...

     

    And for the benefit of all, this is me trying to talk to the investment gods:

     

    http://bit.ly/1mYfEVX

     

    I am now trying to re-examine my premises... ;)
    28 Aug 2014, 01:38 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    48: Nothing wrong with the setup - it's just a positive reinforcing feedback loop.

     

    Think "perpetual motion machine".

     

    All you need to do now is get it started up.

     

    HardToLove
    28 Aug 2014, 01:52 PM Reply Like
  • 481086
    , contributor
    Comments (3440) | Send Message
     
    "We're a givin' it all we ken, Captain!"
    28 Aug 2014, 01:56 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    -1 degree kelvin and you've got one great set-up. ;-I

     

    Atoms Reach Record Temperature, Colder than Absolute Zero

     

    " Absolute zero is often thought to be the coldest temperature possible. But now researchers show they can achieve even lower temperatures for a strange realm of "negative temperatures."

     

    Oddly, another way to look at these negative temperatures is to consider them hotter than infinity, researchers added.

     

    This unusual advance could lead to new engines that could technically be more than 100 percent efficient, and shed light on mysteries such as dark energy, the mysterious substance that is apparently pulling our universe apart."

     

    http://bit.ly/UNvwzS
    28 Aug 2014, 02:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    "This unusual advance could lead to new engines that could technically be more than 100 percent efficient,"

     

    Let's hope it doesn't take as long as development and commercialization of a new type of battery or ol' Sol will go supernova before it comes available.

     

    Come to think of it, you sure that's not a battery developer touting that? ;-))

     

    HardToLove
    28 Aug 2014, 02:38 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    HTL, LOL. Yeah, probably research done by some electrochemical energy storage PHDs that wanted to work on something that would bear fruit faster than what they were working on during their day job! 8-))
    28 Aug 2014, 03:01 PM Reply Like
  • Ricknplano
    , contributor
    Comments (328) | Send Message
     
    Thanks a lot (he said sarcastically). That article made my head hurt. Like dark energy and quantum entanglement and different size infinities, some things are really, really strange.
    28 Aug 2014, 03:35 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    CDEL comes with 774K bid $0.0911 at 14:48.

     

    HardToLove
    EDIT: I suspect it was 800K since it took out another 26K of offers at $0.0899, $0.09. I think this is called a "crossing trade"?
    28 Aug 2014, 02:49 PM Reply Like
  • Ranma
    , contributor
    Comments (2080) | Send Message
     
    Wow, we don't have the patience to let that whale bid the price up. Bunch of piranhas.

     

    Good riddance.
    28 Aug 2014, 03:19 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Ranma: Not so sure - that bid went away uncompleted(? I don't know yet) and CDEL came on the ask with an offer of $0.091x~164K at 15:16. I might know a bit more when I get the trades entered.

     

    Not sure what this sequence was all about.

     

    HardToLove
    EDIT: 800K Taken, order was completed.
    28 Aug 2014, 03:25 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I looks like a process I've always heard referred to as sweeping the street; coming in with a big enough bid to clean up any slop before moving the bid higher. I know we're not used to a seeing more buy side demand than sell side pressure, but it does occur in a market that's returned to equilibrium and is thinking about reversing a 4-1/2 year trend.
    28 Aug 2014, 03:29 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Probably a new Axionista! :-D

     

    http://oran.ge/1C7fBki
    28 Aug 2014, 04:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Financial engineering at it's finest. Lot of inferences could be made with that "sweeping".

     

    HardToLove
    29 Aug 2014, 09:16 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    The theory is pretty straightforward. Give everybody who wants to sell at the current price an opportunity to do so before you get serious about buying. It's just another form of bottom feeding but now a small number Axionistas are sporting tasty morsel hats.
    29 Aug 2014, 09:34 AM Reply Like
  • topcat1906
    , contributor
    Comments (76) | Send Message
     
    Definition of BOTTOM-FEEDER
    1: a fish that feeds at the bottom
    2: one that is of the lowest status or rank
    3: an opportunist who seeks quick profit usually at the expense of others or from their misfortune
    29 Aug 2014, 10:18 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    CDEL comes with 170K bid $0.088 at 15:29.

     

    HardToLove
    28 Aug 2014, 03:43 PM Reply Like
  • 481086
    , contributor
    Comments (3440) | Send Message
     
    Kudos again to the painting crew! A veritable giant upon the shoulder of...smaller folks. ;)
    28 Aug 2014, 04:29 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Want to know what's sorry? Sans that 800K bid our volume would be 84,399. And VWAP would be, using only trades prior to the 800K bid, $0.0876 on 76.4K instead of the $0.0908 on ~884.4K we got..

     

    That one bid got us a 3.65% boost in VWAP as folks decided not to look a gift horse in the mouth. Order filled in 28 minutes.

     

    HardToLove
    28 Aug 2014, 04:41 PM Reply Like
  • Futurist
    , contributor
    Comments (2112) | Send Message
     
    Good day my friends. It has been a long stretch of time since I have been on the board. Unfortunately, I see I have missed little except another downturn.
    My life has been expectantly crazy with a dying parent, a downsizing at work that seemed to catch everyone with gray hair, and the move into a smaller home that takes some getting use to. Ive missed about the last 60 of APH"s concentraators. Doesn"t seem possible.

     

    Anything positive going on?
    28 Aug 2014, 04:42 PM Reply Like
  • 481086
    , contributor
    Comments (3440) | Send Message
     
    Hail, Futurist.. and sincere empathy for the crazy. Sharing a portion somewhat similar myself. And well, while you were gone, we've a kept on digging ourselves a hole...a big one... and believe me, from time to time it's gotten deep...but now it looks like we may nearly be hitting something at last.. Trouble is, it's either bedrock, paydirt, or the long-lost crown of Lady Liberty herself...Though none of really knows. Well, maybe Yoda, but then he's a Jedi, and keeper of much knowledge he is. But hey! We still got plenty of shovels (and popcorn) though if you're still game... ;)
    28 Aug 2014, 04:54 PM Reply Like
  • Futurist
    , contributor
    Comments (2112) | Send Message
     
    Oh I never left the game. But I just spent two days building a garden shed in 100degree weather. Not looking forward to digging. :-)
    28 Aug 2014, 04:57 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Good to see you Futurist. Sorry to hear of your parent. Best wishes for as graceful and as peaceful a journey as possible on that.

     

    Not knowing how much you've missed, an S-1 was filed for a "fill in the blanks" underwitten, by Maxim, share issue with all the important numbers TBD. Check the header for links to that and anything else you may have missed.

     

    Got a picture of 999 out of the paint shop with batteries installed up there too. They have apparently relieved us of having to watch paint dry as they are now watching the 999 paint dry apparently.

     

    TG officially resigned. Bob Averill has been frequenting the board. JR makes an appearance whenever he leaves "Dallas", apparently! ;-))

     

    Other than that, same ol' same ol'!

     

    HardToLove
    28 Aug 2014, 05:13 PM Reply Like
  • Futurist
    , contributor
    Comments (2112) | Send Message
     
    thanks,
    not been following the stock financing or anything else.
    Nice picture of the 999.
    I met Bob several years ago. Great guy. Hope he has been helpful to the posters. He always made sense to me.
    28 Aug 2014, 05:18 PM Reply Like
  • magounsq
    , contributor
    Comments (998) | Send Message
     
    Futurist

     

    Welcome back.
    Yes, life does "get in the way" at times.
    Sorry to hear about your parent...hopefully good memories.
    Re job, home...I always look at the cup as half full...ya just go with the flo and move on.

     

    Good luck and good health!
    29 Aug 2014, 11:13 AM Reply Like
  • Amouna
    , contributor
    Comments (1949) | Send Message
     
    It looks like tomorrow the state of Hawaii will serve the winner of the bid for energy storage with a notice to proceed. I don't think Axion will make it, but I sure hope VD chased this opportunity like a madman which could help raise Axion's profile in the industry.

     

    Imagine how the mood on this concentrator would change if we were to be notified tomorrow that we are part of the 60-200MW project :))))
    28 Aug 2014, 05:28 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    A while back I discussed HECO's storage RFP with an exec I worked with in 2006 who subsequently served as CEO of Hawaii Gas for five years. At the time my friend wasn't sure whether HECO was serious about the RFP or engaged in political kabuki for the PUC. This latest press release suggests that HECO may in fact be serious.

     

    http://prn.to/1C7ssmK
    28 Aug 2014, 05:40 PM Reply Like
  • Amouna
    , contributor
    Comments (1949) | Send Message
     
    JP,

     

    HECO's website details the dates etc..
    http://bit.ly/1C7t8bM

     

    Do you think there could be multiple bidders selected for the 60-200MW project, or is HECO most likely going with one contractor in your opinion? Also, given how low on funds Axion is, AXPW can't possibly fulfil the task unless ongoing costs are met by the customer.
    28 Aug 2014, 05:44 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    60 to 200 MW is a huge project and the requirements of the RFP are almost overwhelming. They want "from 60MW up to 200 MW for 30 minutes."

     

    http://bit.ly/1lIrrde

     

    The entire thrust is frequency regulation, short duration backup for generator failures and short duration renewables integration.

     

    While the things HECO wants to use the storage for match up well with the PbC's capabilities, a company like Axion would almost certainly be a subcontractor rather than the prime. If HECO decides that it's smart enough to choose "One Ring" then there isn't much chance the PbC will get to play. If they decide to hedge their bets with several smaller sites that set up a "prove your merit" horserace, it could get fun.
    28 Aug 2014, 06:00 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Amouna, Without a partner in the region I don't see Axion having a snowballs chance in Hades of getting a piece of this contract. This is also a Utility owned program that looks to be mostly on the wrong side of the meter for little ole Axion. By this I mean that Axion probably has higher chances of getting behind the meter private sector business due to more demanding utility level expectations. Axion needs a big brother IMO for these type of contracts. We have seen no information concerning siblings in the region. Not that we haven't hoped due to words from TG.
    28 Aug 2014, 06:00 PM Reply Like
  • D-inv
    , contributor
    Comments (4364) | Send Message
     
    Any proposal bid including Axion's PbC batteries that was submitted to HECO was almost certainly done by a systems integrator, not by Axion directly. JMHO.
    28 Aug 2014, 06:12 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1942) | Send Message
     
    "Proposals were received on July 21, 2014. The proposals are currently under review and
    in order to protect the integrity of the RFP process cannot be discussed here in detail. However, generally the proposals received included lead-acid batteries, several forms of lithium-ion batteries, flow batteries, pumped-storage hydroelectric and mechanical flywheels. Pricing proposals are generally consistent with the PSIP assumptions detailed above.

     

    Hawaiian Electric intends to evaluate these proposals, and if cost and technical requirements are met, make an award on or about August 29, 2014."

     

    "Lead-acid batteries, lithium ion and flow batteries are considered for Hawai‘i and are discussed below."

     

    "Conventional lead-acid batteries are characterized by low energy density (the amount of energy stored relative to the mass of the battery), relatively high maintenance requirements, and short life cycles. Their principle advantage is the ability to deliver high current over long duration
    timeframes. Disposal of lead-acid batteries presents environmental considerations, but
    recycling techniques are well established.
    Advanced lead-acid batteries or “UltraBatteries” are now reaching the market. UltraBatteries combine conventional lead-acid batteries with electronic ultra-capacitors toprovide high duty cycles. The supercapacitor enhances the power and lifespan of the lead-acid battery, acting as a buffer during high-rate discharge and charge. This makes the UltraBattery a low cost, durable battery technology, with faster discharge/charge
    rates and a life cycle that is two to three times longer than a regular lead-acid battery (reference Ultrabattery website)."
    29 Aug 2014, 08:03 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    Since Hawaii is PDT +3 I think we're unlikely to hear anything about the decisions till after Labor Day.
    29 Aug 2014, 08:11 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1942) | Send Message
     
    If Ultrabattery wins the HECO contract I think that would be reason enough to sue.
    29 Aug 2014, 08:16 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    In my experience the only people who are satisfied with the outcome of litigation are the lawyers. Lawsuits should always be the last step, not the first. Given the data we saw in the recent Sandia report on the New Mexico installations, I'm not convinced they can meet HECO's requirements.
    29 Aug 2014, 08:40 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1942) | Send Message
     
    The intent of the project is to provide less-than-30-minute smoothing, so PbC is perfectly suited to provide a lot of MW capacity for not a lot of $. The question becomes, does UltraBattery just barely undercut us in price, and Hawaiian Electric doesn't see a difference between the two "advanced-lead-acid ultracapacitor batteries". If so, I am going to ____ a whole house of bricks, pack up my stuff and camp out in front of Axion headquarters until somebody sues CSIRO.
    29 Aug 2014, 08:41 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1942) | Send Message
     
    They can meet the requirements if they say so. HECO seems to get their info about lead-carbon batteries directly from CSIRO's website so I wouldn't put much stock in HECO's ability to fact check.
    29 Aug 2014, 08:55 AM Reply Like
  • Patrick Young
    , contributor
    Comments (1942) | Send Message
     
    The reason I am concerned about this is that unlike the CA initiative, this RFP clearly lays out that MW, not MWh are the important metric for them because they anticipate (by 2017) requiring 200 MW of fast (<20 min) contingency and frequency regulation reserve capacity from "advanced-lead-acid or lithium-ion". If we assume that both PbC and UltraBattery will beat Li-ion in the $/MW category, and HECO awards the contract for the "advanced lead-acid" to UltraBattery, that is a 200 MW loss to Axion Power. Nothing to shake a stick at or say it is a drop in the bucket of the potential market. It would be a huge loss.

     

    Jp> let me ask you directly: What should Axion Power do if HECO awards 200 MW of storage to the UltraBattery?

     

    I don't think they're looking for pilot projects. They make it clear that they will need the 200 MW up and running by 2017. That's basically the construction time required so the technology needs to be ready to ship.
    29 Aug 2014, 09:17 AM Reply Like
  • Bill Burtchaell
    , contributor
    Comments (413) | Send Message
     
    Thanks John for that time zone info, now I won't be watching the news messages as intently!
    29 Aug 2014, 10:13 AM Reply Like
  • Rick Krementz
    , contributor
    Comments (2963) | Send Message
     
    PY - My experience has been that "anti-lawsuit" is almost always a better outcome for everybody except the lawyers. Even with a victory in court, often the net-net result is worse than alternatives. I can't imagine a truly positive outcome for Axion over sueing HECO or EP. Unquestionably, it would be very expensive and severely distract management from operating the business. Axion has neither the money nor management depth to successfully litigate.

     

    Note: This is not a criticism of current management. Company and management team is very small, and inexperienced with litigation.
    29 Aug 2014, 10:13 AM Reply Like
  • Bill Burtchaell
    , contributor
    Comments (413) | Send Message
     
    I remember the Great WUUPS debacle. The Washington state utilities were forced to stop the construction of Nuclear power plant in the middle of construction. The article in the WSJ back then, must have been 25 years ago, pointed out how everyone involved took a huge loss, the bond holders the stockholders and the utility companies involved all took a bath. The law firms involved on all sides of the issues made billions!
    29 Aug 2014, 10:19 AM Reply Like
  • Ranma
    , contributor
    Comments (2080) | Send Message
     
    PY: where did you get your quotes? I didn't see them in the links from HECO.

     

    Was it just journalist editorializing?
    29 Aug 2014, 10:24 AM Reply Like
  • Bill Burtchaell
    , contributor
    Comments (413) | Send Message
     
    Wups Sorry, I relied on an old, tired memory system: The event was not WUUPS, it was WPPS. The legal battle wound it's way through the courts for 13 years.
    For those who care

     

    http://bit.ly/1ll167j
    29 Aug 2014, 11:38 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3172) | Send Message
     
    Famously known as "Whoops." Cast a long shadow on utilities' efforts to raise $ for nukes.
    29 Aug 2014, 12:12 PM Reply Like
  • mrholty
    , contributor
    Comments (1121) | Send Message
     
    I've been following this since I talked to a guy last year on the island who was incharge of the storage project that went with the solar that they were putting on their first responders. I haven't spoken to him or emailed in the past few months but 9 months after award they still hadn't formally published the winner (it wasn't Axion - I can tell you that) as a loser was contesting the award. His belief is they were pushing for an award of 70% for 1st and 30% for 2nd.
    In many ways I would agree with this for this type of project. When talking with him there they struggled with trying to effectively compare real system needs/demands. Each guy had different solar assumptions/drawdown time/life of battery so that trying to determine a real system cost for the life is really hard.

     

    I'll be surprised as I think you will have to have a connection but maybe that is what the $2M in capital is for. We agree to build the PbC in Maui and create jobs on the island.
    28 Aug 2014, 06:01 PM Reply Like
  • D-inv
    , contributor
    Comments (4364) | Send Message
     
    It is interesting to contemplate effect on AXPW share price if HECO selected a proposal envisioning use of Axion's PbC batteries.
    28 Aug 2014, 06:33 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Ultrabattery...

     

    Doe Run Resources : Supports Research to Build Sustainable Hybrid Vehicle Innovations

     

    Lead-Carbon Natural Gas Hybrid Project Highlights Cost-Effective Technology

     

    "ST. LOUIS (August 26, 2014) - The Doe Run Company (Doe Run) is helping to fund breakthrough energy research that will reduce carbon emissions, improve fuel efficiency and utilize natural resources to power affordable hybrid vehicles. The Advanced Lead Acid Battery Consortium (ALABC), of which Doe Run is a founding member, is conducting research and vehicle demonstrations programs, including a new project that uses natural gas and advanced lead-carbon batteries in a Ram 1500 fleet vehicle."

     

    " The project technical approach was developed by the ALABC, and other project sponsors include natural gas partners Southern California Gas Company and AGL Resources, along with ALABC members RSR Quemetco and East Penn Manufacturing."

     

    http://bit.ly/1mZJY2u
    28 Aug 2014, 07:12 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Today marks the one year anniversary since the last noted shipment of KURARAY CHEMICAL CO. carbon for PbC battery negative electrodes.

     

    http://bit.ly/AnieIv

     

    http://bit.ly/1lj5mnL
    28 Aug 2014, 07:18 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    FURUKAWA Ultrabattery on sale at Amazon in Japan. Here's the translated link. 9,771 Yen = 94 USD. Remember this is a flooded Ultrabattery.

     

    http://tinyurl.com/q8h...
    28 Aug 2014, 08:00 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Also presents the link where you can register to watch the webinar.

     

    What You Need to Know about Solar, Storage, and Microgrids

     

    http://bit.ly/1n03sE8
    28 Aug 2014, 08:28 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    I don't know if this was posted prior. It's a funky reader but if you use the upper tool bar you can get it to one page width on the screen and drag the pages around as you read the text.

     

    On Pg 35.

     

    ISSUU-ELBC 2014 by Batteries International Summer 2014

     

    "One presentation to look out for is by Micheal Romeo and Jack Shindel, two senior executives from Axion Power International who will discuss frequency regulation and hybrid class 8 trucks and specifically how Axion has made these applications viable in the marketplace.

     

    http://bit.ly/1ljuomK
    28 Aug 2014, 10:20 PM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    On page 33 (35 by the reader count) is a very concise explanation by Romeo of the innards of the ePower drive system, the easiest to understand of any description I have seen.

     

    I agree that it is worth a read just for that explanation of the vector drive and the value of downsizing the diesel engine and adding batteries.
    29 Aug 2014, 03:35 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    My only quibble with that piece is that we've actually demonstrated a ~50% improvement in fuel efficiency from 6 mpg to 9 mpg which equates to a ~33% reduction in fuel costs.
    29 Aug 2014, 03:58 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    John, Certainly he should have let ePower proof read the data to make sure all of your various marketing efforts congeal. Especially given the fact that your program is far from fixed with all the changes that continue to evolve as you work your way through development.
    29 Aug 2014, 04:19 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    That's one of those fine semantic distinctions that people sometimes muff. As long as I can keep the economics straight and blunt it's OK for the battery guys to be a bit too conservative.
    29 Aug 2014, 04:39 PM Reply Like
  • D-inv
    , contributor
    Comments (4364) | Send Message
     
    "On Pg 35.

     

    ISSUU-ELBC 2014 by Batteries International Summer 2014"

     

    Thanks, iind. Would be nice if the presentation(s) made by Romeo and Shindel are made available on Axion's website promptly on heels of delivery at the conference.
    28 Aug 2014, 10:44 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I agree that the presentations should be posted to Axion's website ASAP. In a worst case I'll get copies from my buds at Batteries international when the proceedings are published.
    28 Aug 2014, 10:52 PM Reply Like
  • Patrick Young
    , contributor
    Comments (1942) | Send Message
     
    Something about Axion being involved in 48V mild hybrid diesel engines is discussed in the last paragraph. Many question marks with this company, few answers.
    28 Aug 2014, 11:07 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Also a very interesting read is the Allan Cooper profile starting on pg 40. One thing I got a smirk from is it looks like Honda would not help the ALABC with their BMS either and they almost gave up but were helped by a company Axion once worked with on their program with the Honda they tried to retrofit.

     

    Also toward the end they mention that the European ALABC is working on two separate programs to fit the split 12/48 VDC supercharger on diesel engines for Hyundai and Ford. Remember Hyundai is the parent company of Kia.

     

    Earlier in the publication there is an article that there will be a update on how the 48 VDC programs are going. One of the presenters is Eckhard Karden from Ford who John has had the pleasure of conversing with in the past. Maybe, just maybe, John can enjoy some of his conversation once again!
    28 Aug 2014, 11:28 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I won't be going to the ELBC this year because I need to focus on ePower's preparations for The Battery Show.
    28 Aug 2014, 11:34 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Thanks John, only so much time. :-(

     

    I bet you'll miss the flights though!
    28 Aug 2014, 11:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    I don't mind international flights, but jet lag is no fun at all, particularly when I have to pay for the pleasure.
    29 Aug 2014, 12:31 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    Positive Train Control (NASDAQ:PTC) What It Really Takes

     

    http://bit.ly/1lkJGaX

     

    (Youtube)

     

    "Published on Aug 27, 2014

     

    Norfolk Southern is committed to implementing a positive train control (PTC) system that will strengthen an already safe rail network; however, far too many technological and regulatory barriers exist today, and despite our best efforts, the 2015 deadline for full implementation of PTC will not be met. Check out this video that provides an overview of PTC."
    29 Aug 2014, 09:42 AM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    The Altoona Facebook page has a couple photos of the items we're hoping become obsolete or utilized less frequently with the addition of PbC mass and DCA. The first photo are resistor banks where they dump the locos regenerative braking energy. The second photo is their box of rocks that adds mass to their slugs for added traction.

     

    http://on.fb.me/1n3fixm

     

    http://on.fb.me/1n3fgFx
    29 Aug 2014, 09:55 AM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Powering the World’s Poorer Economies: A Response to Bill Gates and Jigar Shah

     

    http://bit.ly/1n3n6yV
    29 Aug 2014, 10:19 AM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Hmm, did we really just execute a trade at 8.3 cents around the best bid. More tape painting?

     

    Edit: Oops, that was painted at the open.
    29 Aug 2014, 10:24 AM Reply Like
  • RuggedDC
    , contributor
    Comments (465) | Send Message
     
    ii, I also found the cited 8.3 low and the first trade of 3900 at 8.51 odd (9:30:05).

     

    All I can figure is that AXPW "opened" with a bid of 8.3 (time and sales shows no trades at that price) and an offer of 8.51 (which was bought into) BEFORE the market makers took their gulp of coffee and pumped their quotes (including carryover bid of 170K at 8.8 - which seems should have been best bid precluding 8.3 and 8.51).
    29 Aug 2014, 10:36 AM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    Market makers typically move their bids and offers away from the previous day's closing values after the market closes and then reset them the following morning after the market opens. The idea is to avoid getting hammered in aftermarket or premarket trading.

     

    When a holder puts in an unpriced sell order at the open, he runs the risk that his order will hit a market maker that hasn't moved his overnight bid and ask yet.

     

    Since the odd trades printed at 9:30:05, it's pretty safe to assume that somebody took a minor MM screwing.
    29 Aug 2014, 10:42 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Rugged: " (time and sales shows no trades at that price)"

     

    That's one of the common T&S issues - might be data feed or programming in T&S code. Already reported to ETrade and they checked Bloomberg terminal and the trade is valid at $0.083.

     

    T&S never showed a bid or ask priced to that. I presume some kind of internal trade (e.g. within MM or broker or inter-MM or broker).

     

    Since I cross-check ETP with Inverstorshub "Trades" panel, I don't miss these like I would if I only used ETP.

     

    Since I cross check Inverstorshub "Trade" screens with ETP I don't get sucked into their misclassification of buy:sell.

     

    BTW, ETP T&S doesn't show small "odd-lot" trades, but those volumes are included in Market Depth panel ~L2).

     

    HTH,
    HardToLove
    29 Aug 2014, 10:52 AM Reply Like
  • RuggedDC
    , contributor
    Comments (465) | Send Message
     
    My view is that the opening 8.51 trade was a buy [the 8.3 low has to have been the untraded bid], thus purchaser could actually have benefited by delayed input of MM quotes...
    29 Aug 2014, 10:55 AM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Rugged, yes, that was the first time I'd seen such a reporting delay like that if in fact that's what it was.

     

    John, Understood. MM's are always willing to take advantage of assets that are not priced correctly.
    29 Aug 2014, 10:55 AM Reply Like
  • negoslavbg
    , contributor
    Comments (69) | Send Message
     
    08/29/2014 09:56:43 AXPW 38200 Buy
    $0.0881
    Executed
    This piece is for me from the cake.
    29 Aug 2014, 10:27 AM Reply Like
  • RuggedDC
    , contributor
    Comments (465) | Send Message
     
    Seems odd that I don't see your trade in time+sales. Also, volume per time+sales concurs with reported total volume and seems to NOT include your trade… [First trade of day of 3900 at 8.51 showed as double that (consistent with JP theory) in total volume, but subsequent trades to 10:29:06 are adding to total volume as only 1:1.]
    29 Aug 2014, 10:49 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Not on Inverstorshub "Trades" either.

     

    *But* there are possible trades we don't see? I have no $0.0881 trade for today so far either place.

     

    HardToLove
    EDIT: Do have a 10K $0.0881 at 10:57:28 - TZ difference with partial completion?
    29 Aug 2014, 11:00 AM Reply Like
  • RuggedDC
    , contributor
    Comments (465) | Send Message
     
    Also weird trading today: 100,000 shares have traded at 8.8 AHEAD of CSTI's best bid of 170,000 shares at 8.8, not denting the CSTI bid...
    29 Aug 2014, 11:08 AM Reply Like
  • negoslavbg
    , contributor
    Comments (69) | Send Message
     
    Еrror:Symbol: AXPW Quantity: 38200 Shares
    Date: 08/29/2014 Action: Bought
    Time: 10:17:25 Executed Price: $0.088
    Order Id: 145810410 Commission: $9.95
    The first was my request. Sorry.
    29 Aug 2014, 11:22 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18519) | Send Message
     
    Negoslavbg: I was about to post and suggest you might have gotten price improvement. This happens occasionally to me and I always have a big smile when I paid less! :-))

     

    HardToLove
    29 Aug 2014, 11:28 AM Reply Like
  • LT
    , contributor
    Comments (5736) | Send Message
     
    Whoever remodeled their home with Solar panels and window tinting on storm windows, please PM me. I am in the process of making our condo more energy efficient and would like info on the window tinting part and what solar panel you used.

     

    TIA
    29 Aug 2014, 11:39 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    Saft Providing Energy Storage System For Anahola PV Project In Hawaii

     

    http://bit.ly/1n3ZgTV

     

    "to provide a 6 MW/4.63 MWh battery-based energy storage system as part of the 12 MW solar project in Anahola, Hi. It is intended to provide frequency support, voltage regulation and energy reserve functions for the local grid

     

    ...

     

    will provide eight Intensium Max 20 lithium ion containerized batteries. Two additional containers house ABB PCS inverters.

     

    Deliveries for the contract are set to begin in October."
    29 Aug 2014, 12:15 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3172) | Send Message
     
    "Intensium Max 20" lol!

     

    But hey, know your audience. Maybe the decision makers were Marvel Comics fans.

     

    This is Hawaii, so maybe "Mega Tsunami 8000's" or "Lua Pele Power Eruptor 9000" for the PC.
    29 Aug 2014, 12:53 PM Reply Like
  • mrholty
    , contributor
    Comments (1121) | Send Message
     
    Hopefully we are calling on REC solar. They were the ones who advised KUIC and I've seen there name on other projects in Hawaii and have tie into to places like Costco and IKEA where a Powercube would make sense on the backup side.
    29 Aug 2014, 02:30 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    New Jersey Will Test Solar-Powered Commuting Pods Straight Out of the Future

     

    http://bit.ly/1llaAzi
    29 Aug 2014, 12:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30642) | Send Message
     
    Bill James, the CEO of JPods wrote several SA articles a few years back. It's kind of a neat idea, although I'm not sure whether it will ultimately work.

     

    http://bit.ly/1n4f1dB
    29 Aug 2014, 01:03 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    I see no reason why it would not work. I just can't speak for the cost. I'm sure it's not cheap.
    29 Aug 2014, 01:18 PM Reply Like
  • mrholty
    , contributor
    Comments (1121) | Send Message
     
    There is a similar project but based on the ground which should be cheaper that a professor from the University of Minnesota has been pushing for 20 years. I think they have a demonstration unit either built being built.
    29 Aug 2014, 02:33 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    I remember this proposal from China. I would however think that if it was coming from behind you it would be tough to get used to for the traffic on the road.

     

    http://bit.ly/1lluUk2
    29 Aug 2014, 02:46 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    New Jersey Makes Energy Resiliency a Top Priority

     

    "Through revolving loans and grants, the bank will support projects that include installing microgrids, distributed generation (where electricity is generated from multiple small energy sources such as fuel cells or solar panels), smart grid technology and energy storage. Initially, the bank will be funded using $200 million from New Jersey’s Community Development Block Grant-Disaster Recovery allocation from the U.S. Department of Housing and Urban Development (HUD). When that runs out, says Greg Reinert, director of communications for the New Jersey Board of Public Utilities, the state will allocate funds. The ultimate goal, though, is to bring in private capital."

     

    http://bit.ly/1ot845h
    29 Aug 2014, 05:38 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    ISO Coordinator-Axion Power

     

    http://bit.ly/1ot9mgm
    29 Aug 2014, 05:47 PM Reply Like
  • mrholty
    , contributor
    Comments (1121) | Send Message
     
    You applying?

     

    That is interesting to me. Most small mfg companies go for ISO compliance for one of two reasons:

     

    A major client wants them to get it as it makes them feel good.
    Or they get it because they think it will help them get a new client in the future.

     

    As much as the outside views these a mfg or Quality Control type position I find this to be more of an sale/marketing position.

     

    YMMV.
    29 Aug 2014, 05:50 PM Reply Like
  • Ishikawa
    , contributor
    Comments (177) | Send Message
     
    Most if not all major corporations will not buy from suppliers/manufacturers who are not ISO certified both here in the states and through out EU.
    29 Aug 2014, 06:00 PM Reply Like
  • Ranma
    , contributor
    Comments (2080) | Send Message
     
    Nice find!

     

    My impression is that large OEMs are the ones who care about ISO. Is that right?
    29 Aug 2014, 06:00 PM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Mr. Holty, We first saw a public display of this position a couple years ago when a posting was linked here in the concentrators indicating that Axion was hiring for this position. This is not a new position so it would appear the person filling the position at Axion has moved on or to another position in the company.

     

    Continuing to fill this position tells me, as you suggest, that Axion still has aspirations of or is still working with clients that require this level of compliance. I'm sure automotive and trucking deem this a requirement. I'd be surprised if this were not true of rail as well and even quite possibly certain targets for their PowerCube like utility based customers.

     

    Me applying? Quite frankly while I have all the respect in the world for quality engineers some of the tasks assigned in such positions can be quite mundane. The mechanical aspects of filling out reams and reams of documents to support the needs of industry can be, for the wrong personality type, maddening. I just don't have the patience and would rather jump off a bridge. Again, please understand, I've been on numerous teams with full time engineers in this position and done some great work with them fulfilling their piece of programs. I just can't stand repetition or discovering and fulfilling the nuances of endless paperwork tasks.
    29 Aug 2014, 06:13 PM Reply Like
  • mrholty
    , contributor
    Comments (1121) | Send Message
     
    Thanks for that Iindy-

     

    You have a good memory. Back in Sep 2012 there was this discussion on it. (Search for ISO).

     

    http://seekingalpha.co...

     

    A WT link takes us to 2011 prospectus that talks of them being compliant in April 2011.
    http://bit.ly/1llZJFr

     

    In that same thread there is a statement from 2011 Annual report filed in 2012 that states they were ISO certified. There has been no other mention in the last two annual reports for 2012 or 2013 nor is there any mention of it on the website.
    29 Aug 2014, 06:58 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (2963) | Send Message
     
    mrholty - It's curious the ISO mentions have disappeared. Since it is such a major PITA to get ISO certified, I would not think Axion would let their certification lapse. I would think failing a followup/final ISO audit and therefore losing certification would be a required public disclosure, so I doubt that happened. (It is pretty rare, AFAIK).

     

    Or did management just forget to keep it mentioned, forgot to put it on the website, etc?

     

    [snarky comment redacted]
    30 Aug 2014, 11:20 AM Reply Like
  • iindelco
    , contributor
    Comments (10254) | Send Message
     
    Mr. Holty, Agree with what Rick K states. It ids very expensive, personnel time, to get certified and so much easier to maintain and remain certified. And the auditing firms like the repeat business, ahem. Also, remember that many of the elephant herd will not/can not do business without such a stamp.
    30 Aug 2014, 11:51 AM Reply Like