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  • Axion Power Concentrator 92: April 26, 2012: Axion Power Receives Initial Norfolk Southern Order For PbC® Batteries 238 comments
    Apr 29, 2012 2:39 PM | about stocks: AXPW

    These instablogs and the people who maintain them have no relationship whatsoever to Axion Power International. To our direct knowledge no person with a current relationship to Axion Power International other than being a shareholder participates in these instablogs.

    ---------------------------------------------------------------

    Axion Power Receives Initial Norfolk Southern Order for PbC® Batteries

    NEW CASTLE, Pa., April 26, 2012 /PRNewswire/ -- Axion Power International Inc (OTC Bulletin Board: AXPW), the developer of advanced lead­-carbon PbC® batteries and energy storage systems, today announced that it has received an order from Norfolk Southern Corp (NYSE:NS) for PbC batteries for use in a battery-powered locomotive. Axion Power said this first $400,000 purchase order is part of a $475,000 total purchase order, that will be used in the commissioning of Norfolk Southern's NS-999. The total purchase order will be shipped and deployed in the next 90 - 120 days. To date, this is the largest single PbC battery order that Axion has received. No further details were disclosed.

    Axion Power Chairman & CEO Thomas Granville commented, "We have been working with Norfolk Southern for two and a half years, and we are very pleased that this first hybrid 'switcher' yard locomotive, to be run completely on PbC batteries, will soon be in service. We have been moving on a parallel development path with respect to supplying batteries for the first NS 'over the road' locomotive. This larger, more powerful, unit will require approximately twice the number of batteries as those to be shipped for the yard 'switcher' locomotive. High-performance PbC batteries are ideally suited for hybrid locomotive applications due to their high charge acceptance, fast charge and discharge capabilities (important in regenerative braking), and their inherent ability to equalize voltage when utilized in large string configurations."

    Granville continued, "Of course PbC batteries are also very stable and safe because of the close construct similarities they share with lead-acid batteries - a chemistry that has been safely deployed for more than a century. Unlike some of the batteries being used in various vehicular applications, PbC batteries operate safely at all temperatures; are 100% recyclable; and are priced substantially below the cost of some of the more highly publicized exotic battery chemistries. We feel these attributes are becoming more fully appreciated by our customer base in general, and by NS in particular. As for a strategic partner, you couldn't ask for one better than NS. We anticipate a long and mutually beneficial partnership as they move forward with their hybrid locomotive strategy."

    A yard switcher locomotive, or 'switcher', is used in a train yard to assemble and disassemble long trip over-the-road trains. Additionally it is used for the general movement of railroad cars around the rail yard.

    --------------------------------------------------------------------

    Axion Power's Weighted Moving Average Price and Volume:

    (updated April 24)

    (click to enlarge)

    Chart on Concentrator Comments: updated April 24

    (click to enlarge)

    Thanks to John Petersen for providing the charts.

    ---------------------------------------------------------------

    LINKS to valuable Axion Power Research and websites:

    The Axion Power Concentrator Web Sites created by APC commentator Bangwhiz it is a complete easy-to-use online archive of all the information contained in the entire Axion Power Concentrator series from day one; including reports, articles, comments and posted links.

    Axion Power Wikispaces Web Site, created by APC commentator WDD. It is an excellent ongoing notebook aggregation of Axion Power facts.

    Axion Power Website, the first place any prospective investor should go and thoroughly explore with all SEC filings and investor presentations as well as past and present Press Releases.

    -----------------------------
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    Enjoy!

    Disclosure: I am long OTCQB:AXPW.

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Comments (238)
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  • LT
    , contributor
    Comments (5001) | Send Message
     
    I have no idea what the intent or time frame was for the equity providers.
    Remember though, there was a lot of shares bought last year from .25-.35 and I expect they are the main traders/sellers.

     

    If volume stays up, we move through this phase faster.
    26 Apr 2012, 11:20 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Nice getting this up so fast, Mr. APH! Thanks!
    26 Apr 2012, 11:21 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    SA is acting up..I can't access concentrator 91 now. JERKS !
    26 Apr 2012, 11:23 AM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    Same for me.
    26 Apr 2012, 11:25 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    Looks like concentrator 91 *may* have been accidentally deleted. No worries. It can happen.

     

    Or... its possible that APH was editing both concentrator 91 and 92 at the same time... if so... a reboot of APH's computer *might* fix it... as I've had blogs lock up on me when I tried to edit two at the same time.
    26 Apr 2012, 11:25 AM Reply Like
  • BugEYE
    , contributor
    Comments (194) | Send Message
     
    The same and I never have "new comment" labels.
    26 Apr 2012, 11:26 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    I think you're correct, Jon. Both APCs may be in editing mode. Had this happen before when I was the desk clerk.
    26 Apr 2012, 11:27 AM Reply Like
  • Axion Power Host
    , contributor
    Comments (466) | Send Message
     
    Author’s reply » Some technical difficulties with 91. Everyone try using 92 for now until I get everything sorted out.
    26 Apr 2012, 11:29 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    Sent you a message BugEYE...

     

    Have to step out... I'll be back between 1:30 and 2 New York time.
    26 Apr 2012, 11:34 AM Reply Like
  • Pztrick44
    , contributor
    Comments (83) | Send Message
     
    I blame Seeking Alpha.
    26 Apr 2012, 11:37 AM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    I think it was time for a new APC anyway because I think #91 jetted into the 200+ comment range within a few minutes this morning.
    26 Apr 2012, 11:43 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    anthlj: I don't know. I no longer have Level 2, but I did indeed get lucky with a market sell.

     

    I do recall that one of the market makers is based here in Philly. Maybe they are supporting the local economy ;-)

     

    Another reason may be that my buy was a good for day only trade. The Market maker may have decided to jump on those shares, rather than GTC shares?

     

    ####

     

    (I can't access the last APC either.)
    26 Apr 2012, 11:25 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    At 11:01, 187 trades buy 511,150, sell 1234,975, ratio now 1:2.42.

     

    I think this is like a vacuum - sucking up the detritus from the "flippers" and whoever is out there making this foolish selling move.

     

    I am thankful for them since my time horizon is apparently a wee bit longer than theirs.

     

    Trading above $0.42 right now.

     

    HardToLove
    26 Apr 2012, 11:38 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    I'm hoping that 91 stays down to esponge any record of me having bought at .45 thinking it was a best deal of the day. As an invertebrate, maybe krill would be a better description of me as I get eaten by the whales. Krill, a suitable new user name for me.
    26 Apr 2012, 11:44 AM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    Worry not, caveman. Invertebrates have short memories.
    26 Apr 2012, 11:47 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    When pps goes to $2/$3/$4 we need to have something to tease you with about what a bad deal you did!

     

    HardToLove
    26 Apr 2012, 11:50 AM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    It's alright, metro, I'll confess to adding a block at .455 early in the morning. Have since bought more at .411x. Probably at full allocation (at least for now).
    26 Apr 2012, 12:08 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    I started to hit the buy button ar $0.431, $0.436, ... and then said "How much do I believe my charts?".

     

    Since I've so many times in the past on other stocks missed opportunities because I *didn't* believe, I've been trying to believe more.

     

    I don't know if that "believiem" is like "hopium", but I'm trying to trade and invest on it. :-))

     

    Today it worked out, next time ...?

     

    HardToLove
    26 Apr 2012, 12:46 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2430) | Send Message
     
    "Probably" ... we Axionista's know what that means :-)
    26 Apr 2012, 12:52 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    My logic, regarding only today, was that the news would trump the charts.
    26 Apr 2012, 12:57 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    Metro: I suspect .45 is gonna look pretty genius over time. Give it time.
    26 Apr 2012, 04:57 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    :-) I tried accessing APC91 through the "My Feed" icon (which reported 29 new comments for that APC). Clicking on the link took me to APC92 instead which turned out to start off with new material and then 'streams' past APCs hosted by APH except for APC91.
    26 Apr 2012, 11:42 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Some other sources containing today's NS news:

     

    http://bit.ly/JC00zU

     

    http://on.mktw.net/IGjkJi

     

    http://bit.ly/JC01Uw

     

    http://bit.ly/IGZJIZ

     

    http://bit.ly/JC00Qh

     

    http://bit.ly/IGZH3J

     

    http://bit.ly/JC02aU
    26 Apr 2012, 11:46 AM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    I didn;t get the chance to see any of the comment thread on 91

     

    Could someone help me understand why we are still only at .42c ?

     

    I felt sure that the demand side would push up the price. I am a little disappointed at the reaction with good news. I know this is not a huge order, (although largest to date milestone) but speaks strongly to the future of the Pbc !
    26 Apr 2012, 11:59 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    Rambo: *If* my charts and related are believable, this was primed and operating as a sell already.

     

    I don't know how much weight to give that stuff because this is another new and experimental area for me.

     

    But here's what I've been looking at.

     

    http://seekingalpha.co...

     

    I think after a few days, as news has time to get out into the investment community the price action should change. I'm looking for the long slow grind up.

     

    Folks know there's a pop on news,which there was, and often wait for things to stabilize before edging into a position, I think. But a lot of folks bought much earlier at better and worse prices, so the pool of folks that follow AXPW may have positions mostly filled already.

     

    Lots of guesswork there,
    HardToLove
    26 Apr 2012, 12:57 PM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    looks like APC91 is up again.

     

    @rambo: I wonder if there were some pent-up flippers waiting for this announcement to rinse and repeat.

     

    But not to worry. Plenty of invertebrates waiting, too.
    26 Apr 2012, 12:02 PM Reply Like
  • Axion Power Host
    , contributor
    Comments (466) | Send Message
     
    Author’s reply » oooops, apologies.

     

    91 is back up. If anyone made comments and they got lost in the short time it was down I apologize, but most comments should all be there.

     

    Congratulations to Axion Power, Axionista's and...Axionator's! (For the ones who don't take crap from analysts or brokerage firms and buy even when the blood flows)
    26 Apr 2012, 12:04 PM Reply Like
  • SMaturin
    , contributor
    Comments (2297) | Send Message
     
    Axionators.

     

    Zombies powered by PbC.

     

    Unstoppable. And they don't blow up.
    26 Apr 2012, 12:11 PM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >Johhny rambo ... It is just the special trait this stock has. It doesn't seem to matter how well the business is progressing, there doesn't seem to be anyone in this world that is willing to pay up. Not Mr. Market and, for sure, not the Axionista crowd. Maybe it can set a record by growing to a $500m-$1B dollar company and sell for even less. Who knows. I certainly don't.
    26 Apr 2012, 12:05 PM Reply Like
  • D Lane
    , contributor
    Comments (1348) | Send Message
     
    If nothing else, one can buy now in anticipation of the effect of John's next article!
    (not being sarcastic, I think the article will contribute to buying as it explains the context of this NS purchase to newbies)
    26 Apr 2012, 12:25 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    While I love SA, their rules make it very difficult to write an article that keys on a company like Axion. In general, articles on sub-$1 stocks are rejected. That means I can mention Axion as part of a peer group, but I can't really focus exclusively on Axion in anything other than an Instablog. The Editors give me a bit more rubber than their newer contributors because I've been doing this for almost four years and my articles generate about 600,000 Page Views a year, but I can't push their good graces too far without running into trouble.
    26 Apr 2012, 12:54 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Let's not forget about Vani speaking at the ESA conference in a week or so...

     

    http://bit.ly/HZIvnp

     

    Edit: oh and he has something very tangible to talk about...
    26 Apr 2012, 12:54 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    JP

     

    With news like today would SA honestly give you a problem?? To me this is big news and you would think they would want a part of that on their site..Am i wrong??

     

    Thanks
    MAP
    26 Apr 2012, 02:44 PM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    SA is a very big site. One reason is the rules that keep it clean and shiny. Unlike other investor sites that get buried in pages of rubbish.

     

    I bet it is a very big deal to SA.
    26 Apr 2012, 02:57 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    I've got my thinking cap on and believe there may be an approach that will work just fine. It is, however, important that I color within the lines whenever possible.
    26 Apr 2012, 03:11 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    another take on GE's latest renewable energy deal, it sorta shows their strategy while the utilities move at a slower than snails pace:
    http://seekingalpha.co...
    26 Apr 2012, 12:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    The article was interesting till I got about half way down and read the "what do you do when the sun goes down" line. That's where the author lost me because the answer is "you go without power untill the sun rises." There is no chemical battery in the world that's cheap enough to economically take solar energy and make it available at night or take night-time wind power and make it available the following day. The only economic storage for applications that cycle once a day is pumped hydro.

     

    The reason is simple. Even at $.25 per kWh, an energy store that cycles once a day can only throw off $91.25 per year in total revenue. By the time you account for the cost of the power electronics, the energy store and the fact that the guy who generates the electricity might want to get something for his trouble, there isn't enough money to justify the capital outlay.

     

    That's the difference between technically feasible and economically rational.
    26 Apr 2012, 12:42 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    JP that's true, but the point wasn't night or day....it was that GE is going after the "users" of electricity. Same as a PowerCube.
    26 Apr 2012, 12:44 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    On the plus side, at least those who have apparently been itching to sell were smart enough to wait for sufficient buying interest before dumping. (Unlike Special Sits last year). I'll take smart sellers over dumb sellers any day.
    26 Apr 2012, 12:34 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Lafferty. "smart" sellers? I wasn't thinking along the same lines but I do see your point. I was thinking a smart seller would have looked at the charts starting 1/3/12 and spread their selling out over a week. Leads me to believe there are several in the selling pool...
    26 Apr 2012, 01:03 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    Oh, only relatively speaking, of course. I'm buying while they're selling, so I don't believe them to be truly smart. But it's better than if they had tried to dump without the buying interest.
    26 Apr 2012, 01:15 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Roger that...
    26 Apr 2012, 03:43 PM Reply Like
  • Johhny rambo
    , contributor
    Comments (117) | Send Message
     
    We can;t blame Quercus or Special Sits anymore, so who the heck is selling into this good news.

     

    This was supposed to be where the supply/demand side of the equation was balancing towards the demand

     

    That is why I have always been concerned with the cheap financings because there will always be a big seller willing to get out when we want to see more pressure on the buy side

     

    I agree with what John said about a stock split - that we don't need it ! However if we can't move up on 2m volume, then how the heck are we going to get to $2 ?
    26 Apr 2012, 12:36 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    rambo > "...if we can't move up on 2m volume, then how the heck are we going to get to $2 ? "

     

    :-) 3m volume? Actually, I'm thinking a follow on order 2 - 3 months hence from NS for populating its planned over-the-road locomotive could make AXPW's share price trajectory look like the flight path of a V-22 Osprey. Announcement of a design win at this point from BMW could produce a share price trajectory reminiscent of a NASA shuttle launch.
    26 Apr 2012, 12:49 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    Forward guidance from the quarterly results would be enough I think.

     

    HardToLove
    26 Apr 2012, 01:52 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    If there was doubt that the last share offering (25million shares and change as I recall) was made to "firm hands", it would appear from the day's events that this idea can be discounted.

     

    This is not an utter surprise, particularly for those of us who have seen a similar result for other stocks using equity financing on a regular basis.

     

    Extracting something like 20% in quick profit as a sure thing (vs an uncertain future) are sound financial results, particularly in this brave new post-zirp world.

     

    I won't throw rocks at these "infirm" hands who received this almost brainless largesse due to their large footprint on some list of high networth investors. But I would point out that we longer horizon investors might want to recalibrate our expectations as the company grows from one equjity financing event to the next, and remember that in this upsidedown new investment landscape, good news prompts short attention span whales to sell early and often when they have been presented with a deep discount to attract their attention.

     

    I suppose we could try to estimate how much these million+ plus share days might decrease the store of available shares for the flippers, but I suspect it will take many more good news days to pump that well full of whale oil dry.
    26 Apr 2012, 12:50 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5993) | Send Message
     
    Nicely said Trip.
    26 Apr 2012, 12:52 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    Good analogy TB, I have wondered that myself. I do think that eventually it plays out to our favor, but it won't be straight up until we have a BMW, PC, or major oil rig contract. There will be a "see-saw" movement in my opinion with a bias to the upside.
    I said this morning it would fill the gap...which is good in a way.
    26 Apr 2012, 12:54 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    Looking over the day's charts...

     

    My next impression would be that, having tossed large (perhaps even arbitrary) blocs into the "sell" hopper, these flippers might continue to exert pressure to "finish out" blocs or even entire positions today...

     

    Leading me to drop my buy target from $.42 back to $.39 for the time being...

     

    LOL, at least until the next dose of good news.
    26 Apr 2012, 01:03 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    IF this happens (and it may very well) it will make you and HTL geniuses . LOL no pun intended....I'm just in a good mood.
    26 Apr 2012, 01:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    Genius? Do note my last comment on the last APC about adding at $.42 this morning...
    26 Apr 2012, 01:08 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Trip

     

    I made the same comment a long time ago. The rich don't get rich when they can make a nice quick return and turn it down....I surmise we should see and end to the rush within a couple of days as news spreads through the industry..imo

     

    map
    26 Apr 2012, 01:34 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    To your point TB... yeah... volume's trailed off significantly since 11 a.m. when we were over 1.8 million shares traded already.

     

    It will be interesting to see:
    a) what volume is like tomorrow... who is left to sell? who is left to buy? where's the pressure?
    b) if anything changes early next week when professional folks who take time to catch up to these news events in small caps catch up to it

     

    To counter your point... I believe we're all investing for a time down the road when there no longer is any need for further financing... that's a marathon away from here... but considering that Axion's old guard, former management, and current management have already finished the swimming and cycling events in this lengthy triathlon, its not that far away... but still a marathon to go.
    26 Apr 2012, 02:11 PM Reply Like
  • jakurtz
    , contributor
    Comments (1930) | Send Message
     
    Really well said, TB.

     

    I think today was a perfect microcosm into the past couple years that have dogged Axion and clearly illustrates how the constant pressure of steady supply can easily put out the fire of demand and news, I think it happened around 11am today.

     

    This is what Axion has faced for the past two years, not a lack of good news and demand but a steady and constant stream of supply that beats down demand like a mutant red-headed step-child with three eyes. I suppose it is what comes with a company that does equity financing as TB points out because it puts an overwhelming amount of supply into the market. But it remains a short term problem that creates long-term success. As the market transitions away from a supply problem, demand naturally rises not because of *new* news but because all of the sudden an investor can't buy today what they could buy for yesterday.

     

    I have no foggy idea when this will take place, but I have a feeling that once we cross this threshold of willing sellers in the .40-.60 range we will not encounter significant problems again until what some might consider a ridiculous price.
    26 Apr 2012, 07:11 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    I wonder if a BMW order would get us down to .35? The "no good news goes unpunished rule" is still in effect.
    26 Apr 2012, 01:29 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Trip

     

    I also added some at .42 but am holding out for .39 as well....Honestly hope to never see that but you gotta be ready !!

     

    CONGRADS TO YOU who have been holding on for years, i sincerely mean it. Lets just hope this is a start. I wish i could add something technical but this isn't my forte...

     

    map
    26 Apr 2012, 01:30 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    MAP> You came damn close to winning that "not below .40" bet I offered you.
    26 Apr 2012, 01:42 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    BANG....Honestly i really don't want TO WIN that bet...lol..Not to mention it could still happen with the flippers!!!

     

    MAP
    26 Apr 2012, 01:56 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    TORQUE NEWS PICKS UP ON PbC

     

    http://bit.ly/I8gYkj

     

    A very positive article on both rail and automotive.
    26 Apr 2012, 01:37 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    a very positive spin....this is what we need. It comes from sites like Torque first, then the big boys later. Then it moves.
    26 Apr 2012, 02:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    Now that's a great article!

     

    HardToLove
    26 Apr 2012, 02:05 PM Reply Like
  • D Lane
    , contributor
    Comments (1348) | Send Message
     
    Reading Mr. Granville's comment about fast charge and discharge capabilities "important in regenerative braking" again makes me wonder about applicability for hybrid buses.

     

    I believe current hybrid systems can only capture roughly 30% of the braking energy because of battery limitations.
    I also read that the AONE batteries in BAE Systems hybrid bus power-train recently caused 47 buses to be sidelined in Washington DC. The first generation of that power-train featured lead-acid batteries.
    26 Apr 2012, 02:10 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    I'd be willing to bet that Mr. Dantam has a good handle on every test from somebody else that didn't work out according to plan and fairly comfortable with the idea that he's tuning up his "let me show you a more efficient solution that will save you a pile of money" pitch.

     

    I have a hard time imagining that the recuperative braking loads in any application are tougher than they are in railroads. In the recent Ricardo study they noted that "The kinetic energy of a 50 ton rail vehicle traveling at 85 mph is 10 kWh." Since locomotives and boxcars in the US typically weigh in at 100 tons or more it doesn't take many cars to dump an immense load of recuperative energy very quickly.
    26 Apr 2012, 02:21 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Nice to have an informed writer! and nice comment at the end by BatteryGeek...
    26 Apr 2012, 03:55 PM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    As Elvis would say,

     

    "Thank you, Thank you very much"

     

    I use Batterygeek on all the technical blogs. Use a techy name but say very little. My spread the word about Axion in the blogosphere theory.
    26 Apr 2012, 04:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    Futurist: As Elvis would say "Let's celebrate! Pass me them doughnuts!"

     

    HardToLove
    27 Apr 2012, 05:09 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2127) | Send Message
     
    My like finger is numb. I may need a splint. ;-)
    26 Apr 2012, 01:44 PM Reply Like
  • jakurtz
    , contributor
    Comments (1930) | Send Message
     
    That is hilarious Still. I just read it and thought, "Wow, over 2000 people have read this and "liked" it. It must be all over fbook by now!"

     

    --little did I know an Axionista worked that button over good.
    26 Apr 2012, 01:46 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    Carpal tunnel thumbie syndrome...

     

    Hey, I think they cover that under obamacare now.

     

    At least the custom orthotic brace should be tax deductable as an "investment expense".
    26 Apr 2012, 01:49 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    (AXPW): Today's seller-tsunami has abated and brought improvement with it to the patient "waders" ...

     

    At 14:02 buy 756,475, sell 1,290,895, ratio 1:1.71.

     

    HardToLove
    26 Apr 2012, 02:21 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    Would Quercus be selling their 10% of daily volume at the end of today? Or do we think they got involved in the early morning frenzy (which seems like it would be out of character)?
    26 Apr 2012, 02:40 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    There is just no way to know if/when Quercus sold. I would think on a 2 m share day, the MM would have scaled them in with multiple sales. I expect that is where 200,000 shares of selling came from.

     

    No way to prove it, just IMO & that is what I would do if I were the MM.
    26 Apr 2012, 02:43 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    From what we've seen, it looks like near the end of the day they look at volume and the MM takes 10% of that volume at a price just below the intra-day VWASP (my best estimate based on my charts).

     

    Because of the volume, I can't do this until after-market - manual entry in spreadsheet is slow.

     

    HardToLove
    26 Apr 2012, 02:45 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    I think they sell throughout the day when volumes are heavy and then do a balancing trade AH if necessary.
    26 Apr 2012, 03:13 PM Reply Like
  • Al Marshall
    , contributor
    Comments (528) | Send Message
     
    While the stagnant stock price is disappointing, I am not all that surprised as I've seen this before with other small out-of-favor stocks (IDT in particular comes to mind).

     

    While I think tripleblack has it right (notice stock is hugging $.42 or 20% gain from the offering) in this case, there are a number of other factors that can come into play to create this sort of pricing lull.

     

    Those factors can be discussed, but this is one of the best parts of investing in these small out-of-favor stocks. A large cap stock price can "correct" for news in seconds so us small fry have to anticipate the good news in order to benefit. Here, we have the chance to act after seeing the news. What a wonderful opportunity!

     

    My key point is that over the next few weeks, I would expect we would see the stock move up to the $.50 - $.60 range. Other orders could have a compounding effect. The market will correct, there's just a lag. I will also note that over time, the effect of this news could sort of wear off and the stock could drift back down to where we are at. Sort of as if the market is saying, 'OK, you got lucky with that first order, I still don't believe you...' It's going to have to be totally obvious that Axion is "for real" to change perceptions, but when that happens things will get very, very good for us.

     

    Earlier today, I wrote a note to the people in my network who've purchased or are considering purchasing Axion's stock and told them that NOW is the time to buy. I know I'm preaching to the choir, but wanted to provide some reassurance to some who may be frustrated.
    26 Apr 2012, 02:35 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    nice post AP, thanks.
    26 Apr 2012, 02:38 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2737) | Send Message
     
    Spot on, apm. My experience with off-the-radar stocks is similar. I often see a delayed reaction to events, as they work their way from off to on-radar.
    26 Apr 2012, 03:13 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    Just an FYI: In traditional TA, day(s) of large price swings with high volume suggests a move is coming. That's, of course, ignorant of any influences outside of TA itself as the diehards believe nothing outside the charts needs consideration (that ain't me, babe).

     

    *If* there's any of those sorts of folks following that are momo traders, we *could* see some unexpected (by whom?) upward pressure if there's follow-up decent volume with a little up move in the following days.

     

    I think the question is how many of the folks looking to sell for a quick profit were cleared out today.

     

    A lot?

     

    HardToLove
    26 Apr 2012, 02:40 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    i think this is a 40%er. buying here at just under 42ish. need some more people to unload. internet was down until 1:30 and i went to lunch. lol.
    26 Apr 2012, 03:11 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    40%er?
    26 Apr 2012, 03:13 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1136) | Send Message
     
    jon see:
    http://seekingalpha.co...
    26 Apr 2012, 03:25 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    Thank you.
    26 Apr 2012, 03:38 PM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    Obviously the old adage "buy on the rumor" , "sell on the news" was the watchword of those that owned to flip at the first sign of good news. There are now over 100,000,000 shares outstanding. 1% were bought and sold ( after the double count) . That means 99% are still in strong hands.

     

    I also figure some short term traders might have bought on the early momentum and run for the hills when the price did not continue to rise.

     

    Small stock. Very hard to tell.
    26 Apr 2012, 02:55 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    tight spread going into the last 30 minutes... .419 bid/.42 ask
    interesting
    26 Apr 2012, 03:32 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    'Viridity Captures Train Braking Power, Sells it to the Grid':

     

    http://bit.ly/ISOQ6y

     

    Unfortunately, they're using a 800-kilowatt, 400-kilowatt-hour battery by Saft.
    Note that "Saft and Envitech are financing the SEPTA project, helped along with a $900,000 Pennsylvania state grant that Viridity landed last year." This could help to explain why Viridity went with Saft rather than Axion.
    But do also note that: "SEPTA is working on a second, similar project, backed by $1.2 million in federal grants, that will use a different set of batteries from an as-yet unnamed supplier." Here's hoping... (a dirty word in investing, I know)
    26 Apr 2012, 03:37 PM Reply Like
  • 481086
    , contributor
    Comments (3444) | Send Message
     
    Hope is indeeds a dirty word, but geez, that sure would fit wouldn't it? TG talked about 'other things' he couldn't talk about... this sure would qualify, imho...
    26 Apr 2012, 03:53 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    More info:

     

    http://bit.ly/IAlPOW

     

    The Saft battery is Li-ion.
    26 Apr 2012, 05:15 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    One more:
    http://prn.to/KeMhtM
    26 Apr 2012, 05:20 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Lafferty: Last year, I posited that SEPTA was going to be the big announcement I was going to see when I attended the PowerCube unveiling.

     

    We just may still be in the works with SEPTA trollies.
    26 Apr 2012, 05:35 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Just off the phone with my Wells broker (who owns a little Axion).

     

    It "could" be that the private placement sellers are able to sell certain percentages of what they bought after certain time frames. Possibly, April 30 is one of those deadlines.

     

    I'm almost positive we're fighting another multimillion share sell off from those who got in at 35 cents. Sure does seem that they are will to take anything over 42 cents.

     

    Another headwind coming is that my broker believes the market will turn south next month, basically in the same fashion that occurred last year. Therefore, the big boyz may be less inclined to step in at this time of year, no matter what positive news comes out.

     

    Of course, though on the back burner right now, Spain, Portugal, and maybe even France could pose strong headwinds going forward.

     

    And then there is US debt.

     

    Further, there is the looming Bush Tax cut expiration possibly coming at year end.

     

    I've always stated to friends and family that bought Axion that Axion is a late 2012 to 2013 stock, and to be patient. So nothing has changed on that front, except that it looks like another offering will be coming sometime next year. However, I have to agree with tripleblack in that I will have to reevaluate my expectations.

     

    No, I'm not selling, but I'm also not counting on Axion zipping upward toward last year's highs anytime soon.
    26 Apr 2012, 04:00 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2737) | Send Message
     
    Climbing the wall of worry. Nice to see expectations stay reasonable.
    26 Apr 2012, 04:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    Maya: "Another headwind coming is that my broker believes the market will turn south next month, basically in the same fashion that occurred last year."

     

    He's a smart guy - that's what I've been calling for for some time in the QCs, as you've probably seen. ... Or we're both dummies!

     

    Having said that, I *suspect* that the overall market downturn, if it comes, will affect AXPW a little less with SS gone and Quercus down to the short strokes. The story on this little "(NSC) Engine That Could" might be powerful enough to keep it chugging with only a little hiccup.

     

    MHO,
    HardToLove
    26 Apr 2012, 04:10 PM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    Maya,
    Your general consensus about the market might be right. But using TGs revenue projections there is no way that this company doing $100 million in sales will not be worth 1x sales. This company has no debt. This company will not be losing money. This company has one customer that could commit to doing $100 million in retrofit locomotives.
    I have watched stocks for decades. Never do they wait until the last dollar is earned to reflect that business in the stock price.
    I think your friends will be very happy soon.

     

    I will admit that I thought today would end all speculation about the PbC battery itself. Obviously some stockholders do not have as firm belief in the product as I do.
    26 Apr 2012, 04:18 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    I am holding firm with AXPW too. Still adding a little from time to time (as today at .42), when it seems appropriate.

     

    Horizon for a major event out past the next equity finance cycle (2013+) seems like a reasonable expectation, too.

     

    As for the macro situation, I still think we will see a mild 7-8% correction off the recent high on the S&P (1310 - 1320), short term.

     

    Deeper into the summer, it shifts to political and geopolitical risks, as the various balls up in the air in the EZ, China, Middle East, and elsewhere (North Korea seems hungry for more bribes right now) command attention. It would be nice to see one or more of them actually put firmly to rest, but that seems unlikely...
    26 Apr 2012, 04:19 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Yeah, HTL, I did a little selling of other stuff today, to raise some cash, as for months now I have believed and targeted that this week would be the S&P high that will hold for several months (typically, the third week in April is the best week of the trading year).

     

    One thing is pretty cool, though, is when you look at today's chart, that was me catfish buying at today's low. That was fun (and really fast!) even though I give a great chance Axion will again go below 40 cents. I'd like to think I got the last 40 cent shares ever available, but I'm not going to kid myself.

     

    The champagne continues to chill...
    26 Apr 2012, 04:26 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Futurist: More toward the headwinds....

     

    http://on-msn.com/ITG2NO
    26 Apr 2012, 05:52 PM Reply Like
  • steeleydock
    , contributor
    Comments (31) | Send Message
     
    I sure would like to see an argument against repatriating those one trillion dollar offshore American business accounts. That seems to me to be an automatic transfusion without an obvious downside.
    S
    27 Apr 2012, 09:56 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    There are 3 reasons for not giving in to free repatriation:

     

    1. The last time it was done with Bush, there was approx.800 billion - $1 trillion overseas...they only brought about $200 billion home. No economical effect.

     

    2. We've done it twice for the corps, that has led to $2.2 trillion overseas now, headed to $3 trillion by year end. It's like saying it's OK, keep money there and we will always allow it to come home totally TAX FREE....All the companies who had waited, created offshore companies after the second time. You can't keep doing it.

     

    3. EZ crisis...most of the money is over there, however a lot has been moved to Switzerland & Germany for safety. The EZ could crash beyond repair if that much was moved overnight.

     

    I agree that 35% is too high for corp. tax. Everyone does, Who ever is elected will drop that down to +/- 25 % after the election. Then we see what happens. I would like to see 20% and close ALL loopholes. Severe penalties for abuse. Jail time too. Trust me, when you hold CEO's & board of directors liable (because they vote to allow things) they won't risk jail for it or anyone.
    27 Apr 2012, 10:10 AM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    The real number is much larger, on the order of $16trillion... And a one time tax amnesty will not fix "the problem" (which IS our idiot child income tax system). The FairTax (check out the books by John Linder and Neal Boortz, short, easy reads) has the best chance of pulling that mountain of money back home.
    27 Apr 2012, 10:58 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    $16 trillion ? I have never seen that number. I follow the quarterly report on it, (by the fed? not sure who prints it) That's where I got my numbers.

     

    Your exactly right about "it won't fix the problem"....and the entire IRS tax code needs to be totally redone. It's a broken system just like healthcare. Both need to be bull dozed down and rebuilt from the ground up. (don't turn that into Obamacare or politics....I meant the whole system)
    27 Apr 2012, 11:09 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    The comments in this APC are outstanding for a new investor such as myself. My thanks to all! quality stuff...
    26 Apr 2012, 04:04 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    An odd AH sell of only 17,895 shares @ $0.4115. Is it possible that Quercus had predetermined a maximum to let go of today?

     

    HardToLove
    26 Apr 2012, 04:13 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2737) | Send Message
     
    No. Looks like they might be done with the 850k (see JP's remaining shares post above).
    26 Apr 2012, 04:17 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    My bet is that Quercus was selling throughout the day and the AH trade was just clean-up for the last couple hours of the day.

     

    Unless Quercus has been out of the market for the last couple days, they should have hit their 850,000 share Rule 144 filing limit today.
    26 Apr 2012, 04:42 PM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    Anybody think I should sell my recently uptrend KNDI and buy more Axion?
    KNDI is a stock that has disappointed on sales yet they just doubled their production capacity? Hard to figure what that means in China.
    26 Apr 2012, 04:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    I am no expert on KNDI, but I have a generally jaundiced view of Chinese companies with rapid capacity growth but disappointing sales...

     

    I would run for the exit.

     

    ...AND the fact that you could put the money into a company like Axion just makes the exit easier.
    26 Apr 2012, 04:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    FWIW I've known Art Pocari for over 25 years and he's a pretty bright guy when it comes to picking good companies. He's certainly in love with KNDI.
    26 Apr 2012, 04:39 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    I've been following, or used to follow, KNDI for several years. Everytime I bought, I got whacked, especially the time when so many Chinese companies were revealed to be stacking their books.

     

    I recall my QuoteMedia service, where I was tracking about 50 Chinese companies, that about a third of them over the span of about a week were halted in trading.

     

    Great premise, though.

     

    26 Apr 2012, 04:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    4/16-4/26 (TSLA) went ahead and closed my long call position at +11.4% when I saw weakening volume as it approached resistance at $33.50 today.

     

    Since it was still not showing signs of exiting the consolidation (with a downward bias), I decided discretion was the better part of valor.

     

    More dry powder for more AXPW at the appropriate time.

     

    Rather than enter the short side on TSLA right away, I think I need to see more of a trend with volume appear to guide me as to go short or long options again.

     

    HardToLove
    26 Apr 2012, 04:22 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2639) | Send Message
     
    I think the Axion secondary closed on February 4, 2012, but sure the exact date.

     

    If we count from February 6 until today, a total of 15,670,212 or 7,835,106 shares have traded.

     

    If we count from February 1st until today, a total of 18,907,312 or 9,453,656 shares have traded hands.

     

    Hopefully not all of the 28 M new shares are flippers. (I don't think they are ...)
    26 Apr 2012, 04:23 PM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    Stephan,
    I am sure that the majority of the new investors were screened and believed not to be flippers. I think Axion used the same firm it had engaged before. I also believe many of the same investors were also asked to invest again.
    Then there is the fact that most of those shares were restricted for some time.

     

    I think we are seeing some of the same sellers from the original placement that are tired of holding.
    Anyone looked at the short sales lately to see if previously restricted sales are now being turned into active shares?

     

    Of course one other view would be that JP has generated a trading market in this stock with all of his articles. Very unusual for an OTC stock at this price. But its at least one theory.

     

    I should also mention my wife's theory. Her theory is that if I own it it will go down for that reason alone. This force of nature, according to her is not restricted to only Axion.
    26 Apr 2012, 04:31 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Futurist: I looked at http://bit.ly/zH4PwM yesterday. I think there were 3500 shares shorted with zero days to cover.

     

    (above link is www. shortsqueeze .com)

     

    No short squeeze coming.

     

    Also, I believe there is some sort of rule where those that bought Axion at 35 cents, had to hold for a certain amount of time. It's called the "lock box." With Molycorp, when that lockbox unlocked, the stock tanked. Verify this, Trip?
    26 Apr 2012, 04:36 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    Lasdt short sale report (semi-monthly) showed something like 185 *shares*, IIRC.

     

    As JP has stated often, not attractive to shorts at these prices and volumes.

     

    On the daily short sales (which really only reflect market-maker actions, not "real" shorts), we've predominately been to the low side for some time. Might see a spike on this evening's report as any sell orders feeding to the market-makers could have up to three days to settle under normal circumstances.

     

    HardToLove
    26 Apr 2012, 04:38 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    If there was a lock-up period I'd think it be 60, 90, 120 or 180 days, as of the February 3, 2012, closing date (60 seems really unlikely).

     

    60 days: April 3, 2012
    90 days: May 3, 2012
    120 days: June 2, 2012
    180 days: August 1, 2012

     

    That said, I have found no mention of a lock-up period anywhere.
    26 Apr 2012, 04:53 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    MolyCorp played their lockbox situation like a piano, it was really complex (and there are no signs of similar shenanigans with this share offer by Axion)... But it did have an impact. Of course, MCP was at the time a high flyer with mammoth volume and option trading, backed by the Chinese rare earth tiff with Japan.

     

    Generally speaking, though, the constraints preventing "early" sales from the MCP offering/IPO were "managed" to the investor's (vs shareholder's) benefit. For one thing the MCP lockbox held more shares than there were total in the market (this was one reason options trading and turnover were so ferocious, it was a white hot stock with only about 30million total shares "available" outside the lockbox to trade or option. The theoretical value of the company included those lockbox shares (just as they do with Axion), but lacking them in the market created an artificial scarcity and a buy/sell velocity out of this world (we saw days when the volume well-exceeded the total number of shares available, with of course some shares trading over and over and over in the single day).

     

    This is trending back toward JP's very cogent discussion about a "share supply imbalance" where there were unexpectedly far more sellers than buyers due to a unique circumstance. As we saw with MCP, this CAN strongly move prices (in their case, I believe it caused an increase beyond sanity for a while, followed by a drop a little below where it might have settled had the lockbox been handled differently).

     

    As we saw today, there IS a market for these shares in these quantities - at these prices. The selling was brisk, but controlled (we did not see the sellers chasing the buyers down the rabbit hole). Would the day have ended the same had the sellers been content with much less? In the case of MCP, many of the sellers had an incredibly low cost basis for their shares - even at .35, these flippers had a narrow profit margin to work with (which in my mind translates into the firm resistance to pricing much under .42).
    26 Apr 2012, 04:55 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    The only restriction that we were able to find was a restriction for the placement agents themselves:

     

    "We have agreed to pay the placement agents a cash fee representing 7% of the gross purchase price paid for the Shares at the closing for an aggregate of $700,000 assuming all of the Shares offered hereby are actually sold plus shares of our common stock , issued under the registration statement under which we are offering the Shares to be sold in this offering, based on the price per share of the Shares sold in this offering, equal to 3% of the gross purchase price paid for the Shares.  We have also agreed to pay the placement agents up to an additional $50,000 for out of pocket expenses and legal fees incurred by them. The shares of common stock issued to the placement agents will not be be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately following the date of the Offering except as permitted by FINRA Rule 5110(g)."
    http://1.usa.gov/IccI8i
    26 Apr 2012, 05:05 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Thanks, Trip. And right away we see Spain being downgraded. It's almost a prescient cue with our above comments, HTL's too.
    26 Apr 2012, 05:39 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    My monthly volume totals since October of last year are:

     

    October – 1,839,300
    November – 5,350,400
    December – 10,895,800
    January – 11,980,800
    February – 9,071,200
    March – 3,953,700
    April – 6,818,300 (to date)

     

    Yesterday the 10-day moving average volume was 204,500. Usually event based high volume days like today have a couple days of high volume after-shocks because so much stock is held in accounts for people who have day jobs.
    26 Apr 2012, 04:36 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2639) | Send Message
     
    Maybe, but for the older guard that paid significantly more than .35, why sell so hard into the volume today?

     

    I know its been posited that the .35 buyers were screened and therefore not flippers. However, 28M shares is a large overhang and I would take 2 to 1 odds that a certain percentage of them were flippers.

     

    If I recall correctly, there were no restrictions on resale, but that could just be me trying to make up facts to support my hypothesis ...
    26 Apr 2012, 04:37 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    It's a game that gets played in every offering ever done. Companies try like hell to keep the flippers out and the flippers lie like hell to worm their way in. No matter how good a job you think you've done at avoiding the flippers, they're an ever-present risk. Usually they're looking for bigger profits than 20%, so 19.8 million shares since the offering was announced does surprise me a bit.

     

    There's no way to tell how the stock was distributed in the last offering, but when the same brokers sold 14.4 million shares in 2009, the shares went in relatively small blocks into about 45 different accounts and only 3 bought more than a million shares.
    26 Apr 2012, 04:52 PM Reply Like
  • anthlj
    , contributor
    Comments (228) | Send Message
     
    From APC 62 - Mercy Jimenez on 6th Feb (courtesy of BW's APC search function):

     

    'Ranma of the new AXPW issuance of about 28 million new shares less than 4% of those shares are in lock-up mode for 6 months. 96% are free to trade as pointed out by JP and WTB in earlier Concentrators., no restrictions on all but shares that were awarded to issue administrators, and they had a 6 week lock.'

     

    28 million is a lot of new stock and if even only 30% is flipped its SS all over again. JP's puddle of supply is looking more like a lake again. Troubling aspect is that the Axion begging bowl will be out again next year, but perhaps next time around there will have been sufficient PbC sales news to drive the price up even in the face of the weaker hands. But that requires newcomers to the party with buy orders.
    26 Apr 2012, 08:02 PM Reply Like
  • anthlj
    , contributor
    Comments (228) | Send Message
     
    correction to above post:

     

    From APC 62 - Mercy Jimenez on 6th Feb (courtesy of BW's APC search function):

     

    'Ranma of the new AXPW issuance of about 28 million new shares less than 4% of those shares are in lock-up mode for 6 months. 96% are free to trade as pointed out by JP and WTB in earlier Concentrators.'
    26 Apr 2012, 08:05 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    Thank you anthlj !

     

    Thank you (again) Mercy !
    26 Apr 2012, 08:45 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2070) | Send Message
     
    Well, Jon, as my quote above indicated -- my wisdom came from JP and others -- as usual.

     

    BTW I had a fellow Axionista PM me to ask why I was so quiet today -- I think he thought I was one of the sellers this am -- but nothing could be further from the truth -- I was just busy selling other "chickens," too, along with Carlosgaviria (see below.) As many of you know I like to do short term range trading of quality liquid large caps -- so rest assured I will not be range trading Axion until it gets a market cap of $20B or more! This stock market in general feels like it is in the Twilight Zone -- bad news is good news -- good news is good news -- and very little volume keeps adding euphoria.

     

    I am so LONG AXPW that speculating about where and when the price is moving is just something I leave to others. The news today was absolutely excellent -- and as Amishelvis eloquently stated below " the low share price has nothing to do with the company." I love sleeper stocks that few are paying attention to -- and AXPW is definitely at the top of that list for me. I will add to my strong position when the offer price does not increase my low average cost basis by much. Certified bottom feeders can always hope right?

     

    As always thanks to all of the savvy Axionistas for keeping us all so well informed on related market developments.

     

    mj
    26 Apr 2012, 09:56 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    You need to remember that 19.8 million shares have traded since the offering. That's 10 million shares leaving the hands of sellers and 10 million shares entering the hands of buyers. Quercus sold 1 million shares in the period which means the other 9 million came from someplace else.
    26 Apr 2012, 11:28 PM Reply Like
  • 481086
    , contributor
    Comments (3444) | Send Message
     
    They didn't come from me!
    26 Apr 2012, 11:40 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    The only thing that is obvious to me is that a lot of shares are in the hands of people who have zero interest in holding the stock regardless of the Axion's progress. As long as they have shares to sell at .42 or better they will continue to sell until they have no shares remaining. Looking at the bright side of JP's April volume 6,818,300 shares have been sold in April predominately at .42 cents. It can't rain forever. Every time we have a day like this CCR's "Who'll stop the rain?" pops in my head.
    26 Apr 2012, 05:18 PM Reply Like
  • 481086
    , contributor
    Comments (3444) | Send Message
     
    http://bit.ly/Ichmk5 ...a toast to real reality-based thinking ;)
    26 Apr 2012, 05:31 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    Astonishing piece, really, the guy is amazing. I am an instant fan.

     

    So many of his projects follow the path of my investment research which has led me to places like this...

     

    cellulosic ethanol (I expect them to be able to far undercut $100 oil in the market)

     

    small scale energy sources (it won't cure global warming, but it could change the lives of lots of really poor people who just aren't anywhere near a "grid")

     

    LOL, pointing out that Baotao is probably not really a very profitable steel producer is like pointing out that the Red Army isn't very good at shipping parcels overnight - its not really their job, whereas meeting a political goal is. Still, if they can manage to tack an income-producing side-effect onto the mammoth steel behemoth, while cleaning up their pollution a little, more power to them!

     

    Then telling the government just to get the hell out of the way, so serious people can do serious work...

     

    Priceless.
    26 Apr 2012, 05:49 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    Clear. Thanks for that 48.

     

    "Cleantech has been hurt more by environmentalists than any other constituency."

     

    "The environmentalists have done a good job of flagging the key questions, [but] when they start pushing solutions, environmentalists do poorly."
    26 Apr 2012, 06:02 PM Reply Like
  • magounsq
    , contributor
    Comments (985) | Send Message
     
    48...sounds familiar eh?
    Good link!

     

    "Khosla contended that environmentalists "push all these idealized solutions that don't make any economic sense," ... "Priuses sell well in Berkeley" but do not sell well in Mississippi, "...
    "Wind doesn't make sense unless you attach storage to it."...
    Asked "How can governments replicate Silicon Valley?" Vinod suggested that government "Stay out of our way."
    27 Apr 2012, 03:42 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2169) | Send Message
     
    Excellent 481! Khosla really understands the problem!!

     

    Too bad the US Guvmint isn't listening. DOE? Yeah, right. Department Of No Energy would be closer. DONE.
    We will be, is something doesn't improve the inadequate and crumbling US grid.
    27 Apr 2012, 08:07 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Mag & SHB: Is this "real" reason why the US government is considering spending up to $3B to put renewable energy on many US military bases?

     

    http://bit.ly/IeB2GS
    27 Apr 2012, 08:29 PM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >siliconhillbilly ... It never ceases to amaze me the absolute resistance to investing in the grid. That is for both public & private. Here is an interesting graph of the specific economic impact of our weak grid and makes me wonder even more. The only legitimate excuse I can figure is that imported labor is not well suited to the job and thus American (ooooh, maybe even unionized) workers will be needed.

     

    http://bit.ly/KbeTsW
    27 Apr 2012, 08:35 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    >DRich - Interesting article and graphs. The costs of power outages are what they are. The fact such costs are large and growing clearly indicate existence of issues in market signals or regulatory imperfections. THAT does not mean a case for federal investment in grid infrastructure exists. Federal investment in grid-pertinent R&D is justifiable, but that case does not extend to infrastructure capital outlays or exercise of sovereign imminent domain powers.
    27 Apr 2012, 09:10 PM Reply Like
  • magounsq
    , contributor
    Comments (985) | Send Message
     
    Maya...I would posit the $3B would be based on economic, competitive and national reasons and finally developing a plan for energy conservation and independence. (albeit with much corporate and strategic thinkers encouragement)
    Sadly, there will always be this rhetoric and terrorists acts.
    I like our chances with Germany and Israel, but it could get very ugly, quickly.

     

    Ironically enough, too many USA and Asian hackers who will sell out to the highest bidders...country be damned...sad.

     

    I still have enough faith when the chips are down, we have enough talented "sleeping giants" who will come through.

     

    Cup always half full!
    27 Apr 2012, 10:01 PM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >D-inv ... I have to disagree, in the extreme. I don't harbor such a sociopathic view of the world. Upgrading the electrical grid is a job that needs to be done and is going to take a huge amount of money upfront. Is the private sector going to float those bonds. I doubt it because I've never in my life seen that kind of willingness. I also don't really believe in the "User Fee" model for the upkeep of the means of base economic activity. There are just some things that are better done as a society.
    27 Apr 2012, 10:15 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    >DRich, your characterization of my remarks as "sociopathic" cross the line of civility as well as reason. Your post has been reported.

     

    Given the context of discussion here, it appears you consider a federal central government of enumerated powers an anti-social governmental construct. Any such attitude is, in my opinion, completely indefensible and utterly devoid of reason.
    28 Apr 2012, 01:30 AM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >D-inv ... Fine by me. I think a lot of the private sector cheerleading and the current political climate to be just that ... sociopathic.
    28 Apr 2012, 01:53 AM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    >DRich -- I think you, like all to many "liberals" and socialists, confuse means and ends, fundamentally autocratically inclined, and completely clueless as to the meaning of "sociopathic".
    28 Apr 2012, 02:49 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2169) | Send Message
     
    Maya: At least one of a list of reasons, without doubt. Being able to isolate a base from the outside influence of electrical power manipulation could be important to our defense.

     

    I can imagine the lost time and money just from interrupting the grid supplied power for 5 minutes once a day. Or 5 seconds 20 times a day.

     

    Maybe having the electric distribution grid slowly collapse isn't such a bad thing. A pocket size nuke plant on each major military base sounds like an excellent idea.
    28 Apr 2012, 02:59 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    Both you and DRich are fine contributors to this blog. Different ideas make this a pretty good community. Hope you both can respectively agree to disagree about politics.
    28 Apr 2012, 07:13 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    I've found that avoidance of pejorative terms when referring to others, or even a "class" in which others might be a "member", helps civil discussion.

     

    It's unfortunate that some of the more fervent among us can't restrain themselves.

     

    I just choose to ignore them as it's obvious when such terms are used that chance of civil exchange wherein one or both might learn from others is limited.

     

    I choose to use my time and energy more wisely.

     

    HardToLove
    28 Apr 2012, 09:01 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    LOL...good advice but that second paragraph made me think of yesterday when you realized what you wrote to me and you added:
    "keep the wise cracks to yourself" ! I literally rolled in the floor laughing at that....Do you know how difficult it was for me to NOT to ?

     

    HTL...this is just in fun, there is no one here that I respect more. No real pun intended. You should be proud of me, cause I was quiet.
    28 Apr 2012, 09:15 AM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    In another webspace where I have moderated for years, our rule of thumb was that we insisted on polite discourse and basic respect between members, BUT recognized that public figures and news topics were "fair game". IE, calling one another morons was disallowed, but calling a politician, movie star, or political group morons was OK, with a nicely drawn line protecting the usual categories like race and sex. National origin was usually fair game as well...

     

    In the end, the concept that the space occupied was privately owned and operated also meant that the admin's and their helpers had the power to police these broad guidelines.

     

    In the end, none of us have a "right" to abuse the rules or one another...

     

    In my opinion.
    9 May 2012, 11:24 AM Reply Like
  • magounsq
    , contributor
    Comments (985) | Send Message
     
    TB
    Well said.
    Denigrative and vitriolic comments dramatically lessen the value of the subject matter at hand, and waste time and space.
    I find myself identifying those commenters who fall into that category...ignore their comments, but read the author's redress.
    10 May 2012, 11:40 AM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    Duplicate posting from APC91
    <
    DaveT > "No mention of a BMS included in the 400 or 475k, so this is all for batteries?
    On Jan 25th D-Inv suggested $250-$300/battery
    $475k/1080 = $439 each."

     

    Could be your on the right track (pun intended) with the NS purchase order, Dave. On the other hand, it might be worthwhile to consider the 1,080 battery count from the original NS999 as a low ball estimate of PbC battery count needed for the same energy reserve.

     

    Assuming the top line AGM batteries installed in the original NS999 had an energy density of 35 kW/lb and PbC has 25 kW/lb one might surmise that a PbC equipped NS999 would take 1.4x more batteries for comparable energy reserve. 1.4 X 1080 = 1,512; 475k/1.512k = $314 per battery.
    <
    26 Apr 2012, 06:23 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    I'd be careful about drawing too many conclusions about pricing from an order like this one where Axion is just starting production. Suppliers always put out price schedules where the first X units per month are expensive, but the price falls dramatically when volume falls to Y units per month. Economies of buying scale are very real.

     

    There's also a question of per unit overhead which is high for low production and much lower at high production levels.

     

    Another factor is gross margins. We all expect the PbC to be a high margin product and most of Axion's sales today are low margin flooded batteries. The one thing I'm sure of is that Tom won't sell to NS or anybody else at a loss.

     

    The final factor is a likely spare parts inventory. I can't imagine NS buying a thousand batteries without wanting a few spares sitting on the shelf for *just in case*

     

    All in, I don't think we can draw many conclusions from the price on the first big order beyond that it's the price of the first big order.
    26 Apr 2012, 11:37 PM Reply Like
  • amishelvis
    , contributor
    Comments (143) | Send Message
     
    I was away from the desk all day, but saw the news before I left. To me, its a lot bigger than the sale, and the potential for more sales..It is a verification of sorts. Someone , (besides Axion) tested the PBC for 30 months and they liked what they saw.. Its been said before but , if it works in one segment, chances are it will do fine in some others.
    This may have been taken for granted by many here, but, I will bet that there are many who were waiting for this type of news before they stick their toe in.
    At this point the low share price has nothing to do with the company,, and lots to do with certain shareholders and their situations.
    All I know is, I will sleep well tonight. Axion will have a niche or two in a very, very large market. A big congrats to all longs. This is an important day.
    26 Apr 2012, 06:42 PM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    amishelvis:
    An excellent comment.
    ...Axion will have a niche or two in a very, very large market. A big congrats to all longs. This is an important day.
    That is correct!!!

     

    Nota: Today I sold my chicken and buy more AXPW
    26 Apr 2012, 07:02 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1488) | Send Message
     
    Hola Carlos: No vendas todas las gallinas.... hay que comer por mientras! ;-)
    27 Apr 2012, 03:46 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    DRich: Lots of great train sounds!

     

    http://bit.ly/ImNk0G

     

    Try number # 13!
    27 Apr 2012, 06:37 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Occam:
    Buenos dias:
    Ya las vendi. I prefer AXPW.
    I slept like never before and wish a beautiful day to all AXIONISTAS.
    27 Apr 2012, 06:48 AM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >Mayscribe ... Thanks. I like it. One of my favorite train sounds is not there, unfortunately, and that is the rolling thunder sound of a lash-up starting from a dead stop as the couplers sequentially slam into each other.
    27 Apr 2012, 07:50 AM Reply Like
  • Futurist
    , contributor
    Comments (2127) | Send Message
     
    DR,
    My favorite is the sound of an electric train rolling by not making a sound except the "click click click" of the wheels on the track joints.

     

    Oh sorry. Until yesterday that sound was only in my imagination.

     

    Have a good day all.
    27 Apr 2012, 08:17 AM Reply Like
  • 481086
    , contributor
    Comments (3444) | Send Message
     
    "Hey Bill, remember that battery company I told you about last year?"

     

    "No. Not really. ...Wait, you mean the one trying to sell some new kind of lead acid battery for electric cars? Yeah I remember. What a scam. Penny stock. Losing money forever. Dilution as far as the eye can see. Seen a million of 'em. Anyway, did'n I tell ya that lithium ion was the future, that it's the only play? I mean who cares about lead-acid anymore? That's buggy whip technology, so yesterday, and it's on the way out. Trust me. So what happened, they finally go bankrupt?"

     

    "Nope, they actually just sold a half-million dollars worth of their new batteries to, get this, a railroad. For a new battery powered locomotive. Yard switcher. And they say that's just the beginning."

     

    "Rigghhtht. So who was it, Lionel Trains?" ;)

     

    "Nope. Norfolk Southern."

     

    "Wait, Wha?! Norfolk Southern? THE Norfolk Southern? What the heck are they doing screwing around with this little scam company?"

     

    "Well Bill, maybe they aren't a scam. Maybe they really got something. They also say BMW's been testing their batteries for micro-hybrids, for almost three years now. And that they're now running in actual vehicles"

     

    "Whoa. Really? What's their symbol again? Hmm. Look here-- maybe still cheap. Listen, Tony, check into this. Dig up everything you can find on these guys. Make some calls. Let me know where they're at. And if it's true. Who knows, this just might be the right time for us to make a move... "
    26 Apr 2012, 07:22 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    There are times when I wish the little button said "agree" instead of "like". This is one of those times when "like" works very well...
    26 Apr 2012, 07:46 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    Good thing it wasn't THE BMW... he might have swallowed his tongue.
    26 Apr 2012, 08:47 PM Reply Like
  • tripleblack
    , contributor
    Comments (13507) | Send Message
     
    LOL. I once had a similar conversation with a very old friend.

     

    It was about a funky computer company I touted when it was down and out, just after it brought out a strange gizmo for listening to digital music...

     

    I told him it looked like a futuristic cell phone, and one day Apple would be a gigantic corporation able to buy and sell its competition like matchbox cars.

     

    LOL, now he denies I ever suggested such a thing.

     

    (Full disclosure, I finally sold off my Apple stock when I got a thirty-fold profit, thinking it had topped out - LOL, I missed 60% of the current runup, of course).
    27 Apr 2012, 11:11 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    I have been thinking about the 90-120 deployment of PbC's to NS. While I think it is likely the schedule was set by NS, there is another possibility. There could be other orders in the pipeline that have yet to be announced (PbC or toll)...
    26 Apr 2012, 08:12 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    Not a chance that TG would delay shipping this order to NS. He needed this order BEFORE the next cc and shareholder meeting too. Plus he knew it was in hand. This is NS schedule for the refit of the 999. I will bet that the batteries are shipped sooner rather than later. It will take a while to install the new racks, add the new BMS, and change the cab like they plan to do. Get WTB to have his guy watch carefully....you will the 999 moved inside soon.

     

    I imagine now Maya knows why the shareholder meeting was bumped up a month... any more announcements and it will be on a very, very, high note. I and expect some announcement before all this. Maybe just a demo of the home unit, but something. Otherwise, he could have had tough questions.
    26 Apr 2012, 08:25 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    LT. I wasn't suggesting TG told NS they would have to wait for their order. More along the lines of mutual agreement with the idea of clearing existing orders out to focus on the project. Existing orders being the ones we have not yet heard about (PbC or toll). I don't think we have heard about the new toll contracts for 2012 have we?

     

    This announcement prior to the CC is very important but we have heard several times the TG does not hold back news just to please the stock holders or aid in the stocks momentum. I agree that the order delivery will not be tardy and I am sure the deadline will be set weeks in advance.

     

    I too am looking forward to wtb's comments...
    26 Apr 2012, 09:22 PM Reply Like
  • D-inv
    , contributor
    Comments (4135) | Send Message
     
    Tim E. > "LT. I wasn't suggesting TG told NS they would have to wait for their order. More along the lines of mutual agreement with the idea of clearing existing orders out to focus on the project."

     

    FWIW, I'm interpreting the wording of the PR is intended to communicate that $400K of batteries will be shipped immediately with the full battery purchase order of $475K expected to be shipped, installed, and in NS service within 90 - 120 days.

     

    From the PR,
    "Axion Power said this first $400,000 purchase order is part of a $475,000 total purchase order, that will be used in the commissioning of Norfolk Southern's NS-999. The total purchase order will be shipped and deployed in the next 90 – 120 days."
    26 Apr 2012, 10:59 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    D-Inv. Should have gone back to the press release before commenting. I guess I got caught up in the flurry of comments. For some reason I thought we were wondering why if would take 90-120 days to deliver. Productions rates or some such thing. My apologies to the group for confusing the subject...
    26 Apr 2012, 11:26 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    Tim, I did not mean in any way for my response to be harsh or with any other type of pun.
    The main points I wanted to make was that it was NS schedule (not AXPW). I don't think we have production problems on an order of this size.
    The other point was that we can watch and see when the 999 goes inside for the refit. This will tell us how long it takes to refit, and what to expect down the road for future potential if everything works as planned.
    Keep your comments & thoughts coming & please never be offended by my poor writing and communication skills, it would be very nice to see the plant at max. capacity ! :)
    27 Apr 2012, 04:27 AM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    Another thought on the actual fulfillment of the order is that you don't want batteries sitting on the shelf for two months. Axion will probably wait to manufacture the batteries so that they will be fresh when installed. We don't want our first big commercial test to be hamstrung by old batteries.
    27 Apr 2012, 07:10 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Hey LT, I wasn't offended and I didn't view it as harsh. You just took my original post well beyond my thoughts of that moment. I was just trying to shine a hopeful light over the next 90 days. My first response was defensive but more along the lines of not wanting to be misunderstood. My second respose was an acknowledgement that I should have re-read the PR instead of the comments in APC 91.

     

    It's all good! and I have a final thought on the production of the NS order. I suspect the production manager has long awaited, and is prepared for, an order of PbC's of this magnitude and views it as an opportunity to put his ideas to the test (game on). By the time the last NS PbC falls off the assembly line it should be business as usual (wouldn't it be great if they just kept right on going with another order).
    27 Apr 2012, 12:15 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    Some in the know folks thinks the OTR loco will come pretty quick behind the 999...so you may get your wish :)
    27 Apr 2012, 02:16 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    That would be outstanding...
    27 Apr 2012, 02:23 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    MAYA> "even though I give a great chance Axion will again go below 40 cents"

     

    I've been dying for some action. Want to take me up on my $5 bet Axion doesn't go below .40? I'm in withdrawal from holdem and need a fix. Might be easy money for you.
    26 Apr 2012, 09:34 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9908) | Send Message
     
    Bang: Thanks for offering up the challenge. Me thinks it's bad juju to bet on my shares, your shares, all Axionistas shares going down.

     

    Besides, if you are correct, then I will have stole the last 40 cent shares ever available.

     

    I would consider that a win!
    27 Apr 2012, 08:01 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2639) | Send Message
     
    Just published an instablog on microgrids and ZBB. The blog is kinda dense, like me, but if your interested in the microgrid market, it gives a good rundown.

     

    http://bit.ly/JKJcoA
    27 Apr 2012, 12:05 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2070) | Send Message
     
    New Form 4 from Quercus -- they sold 202,000 shares yesterday: http://bit.ly/IWkAY6
    27 Apr 2012, 08:15 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Mercy:
    Gracias.
    All the best for today.
    27 Apr 2012, 08:24 AM Reply Like
  • jakurtz
    , contributor
    Comments (1930) | Send Message
     
    That should retire them for the 90-day period - until June 15th. Unless they file an amended 144, which they did not do last round.
    27 Apr 2012, 08:26 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2070) | Send Message
     
    De nada Carlos. Let's keep growing those "baby chicks" for market so we can buy from Quercus!
    27 Apr 2012, 08:30 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (799) | Send Message
     
    Mercy:
    Right. Now I will dedicate to "baby chicks" and my cat.
    27 Apr 2012, 08:43 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    I hope they do file...the sooner they're gone the better. Do it on volume days too helps.

     

    OT.... the mkt. has creamed MXWL in the past week ... down from $18 to 13 & falling. Earnings were yesterday and were in line.

     

    I do wonder, IF, yesterday's win by AXPW & other deals in the works hasn't raised eyebrows of the ones in the know ?
    27 Apr 2012, 08:52 AM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >LT ... It might have if their were anyone paying attention, but it its fairly obvious that is not the case. The waiting continues.
    27 Apr 2012, 09:14 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1511) | Send Message
     
    According to my calculations they've sold the 850,000 shares plus about 15,000 more according to records they have provided. Will be interesting to see what happens to price today without them providing 20% of shares sold..
    27 Apr 2012, 09:15 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    I was really referring to MXWL in the last line of the above post. Not about AXPW being noticed. Some wins for AXPW could be taken directly away from MXWL.
    27 Apr 2012, 09:28 AM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >LT ... Too true. In many areas (MXWL) & (AXPW) will be direct competitors, but you can see it in the charts that no is paying any attention to this sector. Misses are greeted with violent downward moves, while good news doesn't move the needle. The sector is filled with (retail) home-run hitters and not people looking too far into the future. Chalk it up to Mr. Market not being able to think of the future as anything further away than tomorrow.
    27 Apr 2012, 09:38 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    Everyone says "the market knows"...but they were dead "wrong" on Apple this quarter, and even the Hedge funds have struggled for 3 years.

     

    I think they're wrong here too. Of course a few months or a year for a 10 bagger is much longer than the 22 second average time a stock is held too.
    27 Apr 2012, 09:42 AM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    That fills out their 850,000 shares for the Form 144 they filed on March 8th. Until we see another Form 144 filing from Quercus, they should be out of the market.
    27 Apr 2012, 09:43 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    I apologize if someone already made this comment but I didn't have time yesterday to go through the larger volume of comments.

     

    "We have been moving on a parallel development path with respect to supplying batteries for the first NS 'over the road' locomotive. This larger, more powerful, unit will require approximately twice the number of batteries as those to be shipped for the yard 'switcher' locomotive."

     

    Is it just me or is TG saying that Axion will receive another order from NS of around $1M for the OTR?

     

    That's how I read it and find it to be extremely good news.

     

    And I admit to being a little disappointed that the stock price didn't rise much on this news but, what the heck, I wasn't planning on selling anytime soon anyway so I guess it doesn't matter.

     

    D
    27 Apr 2012, 09:14 AM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >D.McHattie ... That is the way I read it also (I wouldn't be surprised if TG doesn't have a P.O. in-hand). The OTR should be an end of year event. Let's give NS999 about 6 months of banging around the yard just to see if the real world lines up with the computer models and the software bugs get worked out.
    27 Apr 2012, 09:26 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    OT, this is why we have $100/bl oil...Exxon reported similar drop in production yesterday too:

     

    9:39 AM More on Chevron's (CVX +0.1%) Q1 results: Worldwide net oil-equivalent production was 2.63M bpd vs. 2.76M bpd in the year-ago period. Production increases from project ramp-ups in Thailand and the U.S. were more than offset by normal field declines, maintenance-related downtime and asset sales, including some mostly natural gas producing interests in Alaska. Commen
    27 Apr 2012, 09:43 AM Reply Like
  • JohnM121
    , contributor
    Comments (396) | Send Message
     
    Buy on the rumor, sell on the news. There may have been some panic selling among traders yesterday when the price did not jump on the news. The news was what was expected, but the timing and the risk of nothing happening was present. The news was not more than expected either.

     

    Sales beget sales. I am aware of 3 installations.
    -Small cube with US Navy
    -Larger cube at Axion
    -Rail slug

     

    Over the summer the cubes will have some metrics to show. I expect this will help add a few sales.
    27 Apr 2012, 09:49 AM Reply Like
  • Ricknplano
    , contributor
    Comments (304) | Send Message
     
    The fundamentals win in the end. We have tens of millions of shares bought between 25 cents and 35 cents. Human nature and prudence suggests even long term holders may take some off the table at 20% to 40% profit and let the rest ride. So the supply is wide and deep. But still, the fundamentals will win out. 300% - 400% year over year sales increases will make the stock go up eventually, just keep selling 'em and everyone will do fine.
    27 Apr 2012, 10:11 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    I agree Rick, most of us bought when we had nothing to prove PbC would ever sell....Now we have a sale, where it is going to be put to work.
    I like products & proprietary systems. They solve real life issues. No one wants "just a battery company" see XIDE. WE now have 3....maybe more:

     

    1. PbC batteries
    2. Power Cube (for grid storage/load levelling/etc.)
    3. Zero Emission building system
    4. Home energy storage system (3 & 4 are mini-PC's)
    5. Proprietary BMS system for all the above.

     

    If AXPW keeps designing systems, it protects patents, and is also like cross selling financial products in a bank. All leveraging on PbC technology.
    27 Apr 2012, 10:17 AM Reply Like
  • amishelvis
    , contributor
    Comments (143) | Send Message
     
    McHattie,, Good question. Parallel ,, to me means running at the same time frame , in the same direction. That may be asking for a bit much, but certainly we might get some color in the cc.
    27 Apr 2012, 10:14 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    It's alright with me if the stock price stays low. It takes four days for my cash only broker to receive and release my ACH funds transfer. That would be next Wed I think. Looks like I've got plenty of time to wait to take some more shares off the hands of the sellers. Business performance is what matters in the long run and Axion is performing with excellence, Buying Axion now is a lot less risky than a couple days ago. Be alright with me if it dropped to .35 cents.
    27 Apr 2012, 10:16 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2169) | Send Message
     
    Hi bang. I picked up a block today at 0.42, but my order at 0.41 never traded. Oh well.

     

    Maybe next week some news will scare the market and someone with an itchy trigger finger will make my day ;-)
    That block I want at 0.392 is waiting.
    27 Apr 2012, 08:21 PM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    OT again...MXWL has traded to $9.69 was at $10 even. That's over 50% drop in the past month. Very suspicious guys. Something is going on.
    27 Apr 2012, 10:27 AM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >LT ... My guess would be forecast sales growth not as expected and the company is thought to be a niche auto supplier and nothing more. Another EU dependent casualty.
    27 Apr 2012, 10:37 AM Reply Like
  • jakurtz
    , contributor
    Comments (1930) | Send Message
     
    I don't know. Pacific Crest downgraded them from outperform to sector perform yesterday but I agree with LT, a near 40% drop today seems out of line.

     

    I suppose it is what happens when a company has a certain trajectory each year in revenue ramping up so the market begins to price it based on that continuing. One time missing that trajectory can quickly correct the markets expectations...I guess.
    27 Apr 2012, 10:46 AM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    Maxwell got to a point where it was pretty richly valued. At $16.47 per share, its market capitalization was 4.5 times book and 3 times sales. Companies can maintain those kinds of ratios if they have a great ramp rate, but the market can get pretty brutal if it expects a big up and gets a flat.
    27 Apr 2012, 11:03 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17876) | Send Message
     
    JP: Thinking about that, it occurred to me that there will be a similar scenario somewhere way down the road for Axion. Since nothing goes straight up or straight down, far in the future Axion will become subject to what's euphemistically (IMO) dubbed "the business cycle".

     

    The challenge for investors, as with any investment decision I guess, is the determination of the nature of the cause of the "flattening" and what it means going forward.

     

    Being years away from that point, IMO, it's not a consideration now. But might present opportunities *again*. Especially if AXPW has become a dividend payer by that time.

     

    Although my behavior may suggest that I'm only short-term oriented, I really do look further down the road. That's why near-term is important to me - I want to be well positioned, to the best of my limited ability, if my long-term expectations do materialize.

     

    HardToLove
    28 Apr 2012, 09:22 AM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    Expectations management is a classic IR problem because if you don't say enough you end up with a stock like Axion that trades at a fraction of objective value and if expectations get too high you get a stock like Maxwell that loses 40% in a day.

     

    The sell-off was abrupt enough that I suspect it was more market dynamics than prudent investment decisions, but the market does have days like that where the best you can say is "there but for the grace of God."
    28 Apr 2012, 10:23 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    There is nothing I would like more than to see about 10 days of volume like yesterday. That would clean out Quercus and weak hands.
    Then we could perform normally again.
    27 Apr 2012, 10:42 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2169) | Send Message
     
    Personally, I don't want the stock to soar. I prefer waiting for good news while taking small bites. I have a bunch and I want MORE.
    27 Apr 2012, 08:25 PM Reply Like
  • DRich
    , contributor
    Comments (4597) | Send Message
     
    >LT ... That is a nice thought, but remember we have enough newly minted shares to give Axion stock another Special Sits extravaganza if things don't pick up and/or those shareholders bought with limited time horizons. There is also the specter of another capital raise and depending on "WHY" it is needed .... well ... just say, let's look forward to another sluggish year but one that may leak upward.
    27 Apr 2012, 11:00 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    OT : It's amazing what connections in Washington can do (GE)

     

    A123 Systems (Nasdaq: AONE) shares are ripping following reports it was selected by the U.S. Army for next-generation light tactical vehicles. The announcement was made at the Society of Automotive Engineers (SAE) World Congress event this week and highlighted by TruckTrend.com Friday.
    Shares are up over 8 percent in early trading.
    News Provided by Acquire Media Corporatio
    27 Apr 2012, 11:13 AM Reply Like
  • jveal
    , contributor
    Comments (657) | Send Message
     
    I have only been participating in the stock market for a little over a year now, so my observations can be taken with a grain of salt. This group of bottom feeders is one of the main impediments to the price rising. We have all become patient with the benefit of HT's (and others) TA. We have been lurking on the bottom of the pond and pouncing when the price falls. It will take new stock holders who are accustomed to buying stocks as they begin to rise. Somebody has to be willing to pay what the company is worth for the stock to rise.

     

    This Concentrator has created a large group of investors in a way that hasn't been seen before. We will probably delay JP's supply and demand inflection point because we have been spoiled with low prices.

     

    I can also understand why some of the people have sold at such low prices. I have been concerned that I would need some cash in recent weeks. If I needed to sell some stock, there wasn't enough volume to move many shares without dropping the price. This good news has potentially allowed distressed sellers to cut and run.

     

    Just some observations to add to the discussion of why the price is staying low.
    27 Apr 2012, 11:16 AM Reply Like
  • LT
    , contributor
    Comments (5001) | Send Message
     
    I see some nibbling going on here at .4249 just under the ask of .425

     

    No heavy selling .

     

    Late entry....just had 10,000 trade at .425 but hasn't changed the amount offered for sale...still at 5000
    27 Apr 2012, 11:20 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2430) | Send Message
     
    We're not appearing in Investers Business Daily any time soon.

     

    We're not going to have mutual funds pushing us any time soon.

     

    Bit of a chicken and the egg thing here.

     

    It will take sustained profitability to get the share price to rise and get us off the OTC-BB for the real explosion to occur. Otherwise Big Money is not coming knocking, and we've discussed that it will take a lot in a buyout to get people like JP to bite, and it's unlikely any big company is likely to satisfy them anytime before the first things I mentioned happen.
    27 Apr 2012, 11:34 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4160) | Send Message
     
    None of us are investing on the scale necessary to move the stock. If the company is as good as we think, there will be a small handful of hedge funds (maybe just one, maybe three), pension funds, mutual funds, ETFs, etc. coming. Each connection to other people each of us makes is one step closer to those folks. Each step the company takes toward realized sales is one step closer to those folks.

     

    The current market cap of the company is a speck relative to how much the big fish have to invest. If anything, one problem currently is some of the big fish couldn't invest enough money in the company to move their needle even if the value of the company tripled in short order. At some point, maybe, that changes.
    27 Apr 2012, 11:39 AM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    I don't see the Axionistas as a problem – EVER. Last June I wrote an Instablog titled "The Blogger's Real Influence" (http://bit.ly/sk4Y20) that explains how markets develop and what blogs like mine can accomplish.

     

    The quick and dirty version is I can draw an investor's attention to a company like Axion and provide links to information that makes the due diligence process easier, but no serious investor buys a stock because a blogger says it's good or sells one because a blogger says it's bad.

     

    There is a very small segment of the market that's willing to own stock in a transition stage company like Axion. Those investors dig deep into the detail and spend a long time building positions. They're always bottom feeders because of the risk. They are the Axionistas!

     

    In addition to reaching the Axionistas with the blog, I also draw the attention of more timid types that want to see *something else* before they become investors. That something else might be a certain level of revenue; a commercialization contract or two; or some other performance based metric that fits their risk-reward profile. They're the watchers and lurkers who aren't willing to pull the trigger yet, even if they like what they've seen so far.

     

    I'm convinced that there are several watchers and lurkers for every Axionista and when Axion proves itself to their satisfaction, a lot of them are likely to become stockholders even if they have to pay up for the stock.

     

    The events seem to be coming at an increasing pace and while I can't predict when performance will be impressive enough to lure some of the watchers and lurkers off the fence, the day is coming.
    27 Apr 2012, 11:46 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    The Axionista's are for the most part long ball players. If the market wants to give us cheap prices we will take them. Some of us want to trade some trading blocks around a core position when the price movement allows a trade - but not much opportunity for trading recently. It isn't the Axionista's that aren't willing to pay higher prices, the market isn't giving us higher prices to pay. When AXPW started running after the December crash not many Axionista's sold into that run. Axionista buying in December was all that kept the stock from falling even further.

     

    For ages after the capital raise I had a GTC order for shares if the stock ramped to .47 at a limit .60 price trying to catch a gap up before it ran out of reach. I finally cancelled it and used the available funds to buy more at .415. I have an ACH in process (takes a few days) to buy more at whatever the prevailing price next week. Axion is working with more auto oems and railroads, the company is pushing various sized powercubes as complete systems.

     

    If DRich saw the rail application four years ago and was right, then I hope his vision for the PbC in hybrid marine also comes to pass. I love tournament poker. The most important skill required in tournament poker is patience. Axion demands the same level of patience on an even longer timeframe.

     

    I think Axion is going to become very successful. If people lose their patience, need money NOW as JG Wentworth says, its fine with me. I'll buy what I can and take it off their hands. Jveal, I mean no disrespect. Something could happen to me and I could be forced to sell also. However, I don't view the bottom feeder mentality of the Axionista's as the problem. I just view the Axionista's as smart investors buying low with the intent to sell high.

     

    Along the way the Axionistas have created two websites and developed more information from the CC's that all the stock analysts put together. Type "Axion" in Google and the search results pages are full of Axion Power Concentrator links with insightful information. All in all it is a hell of a great group of far-sighted investors
    27 Apr 2012, 12:00 PM Reply Like
  • RBrun357
    , contributor
    Comments (786) | Send Message
     
    JP

     

    You have tagged "me" perfectly with your description of lurkers! ;-)
    27 Apr 2012, 12:35 PM Reply Like
  • John Petersen
    , contributor
    Comments (30170) | Send Message
     
    The most wonderful thing about these Concentrators is that people who are still on the fence get the benefit of lots of research by other smart people who round out the discussion in ways I never could. These are important decisions that involve real money and they're not to be taken lightly. I'm thrilled to hear that you're interested enough to lurk.
    27 Apr 2012, 12:44 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    RBrun357> Congrats. You have a disciplined approach to investing that lowers your risk yet retains the greater opportunity. I applaud your approach. Me - I'm the kinda guy that wants to swing for the fences. I wouldn't call it smart - but it is just the way I am. There's plenty of room in the market for both type investors. I look forward to the day you gain enough confidence to pick up some shares. You are exercising the two most important attributes for a successful investor - due diligence, self-discipline and patience.
    27 Apr 2012, 12:45 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (733) | Send Message
     
    JP

     

    Is it possible that NS has already paid for the BMS to be used on the NS 999? After all the testing cycle would have been tailored to their needs?

     

    Could it be that the $75k is reserved for packing and any other odds and ends necessary to get the unit working?
    27 Apr 2012, 01:06 PM Reply Like
  • RBrun357
    , contributor
    Comments (786) | Send Message
     
    JP

     

    I have thourghly enjoyed following this concentrator, I have a substantial holding of our little stock and plan to continue to accumulate more at the bottoms. The information you and the others have provided have been invaluable and greatly appreciated. Most of all I enjoy the "community" that has been growing here, I have filled many hours of my time attempting to keep current with all the postings. Also, I am planning a little trip from Florida to Pennsyvania this coming week and plan to stop by the plant on Friday and say hello and let my eyes see for themselves before I pump more $$ into this story!

     

    Thanks again
    27 Apr 2012, 01:12 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Trying to guesstimate how much is for batteries for the locomative, how much is for spares, and how much is service revenue and commissioning support, shipping, etc is impossible without further detail. You can bet your bottom dollar the price per battery won't be divulged. Whatever the price was it was acceptable to a customer (NS) for their application.
    27 Apr 2012, 01:16 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2248) | Send Message
     
    Hmmmm - "due diligence, self-discipline and patience." That's three attributes - not two. I can't even count.
    27 Apr 2012, 01:18 PM Reply Like
  • jakurtz
    , contributor
    Comments (1930) | Send Message
     
    Are you kidding..again? Give me a break.
    EITSCHAAS NURICHS
    27 Apr 2012, 01:19 PM Reply Like
  • RBrun357
    , contributor
    Comments (786) | Send Message
     
    Bang,

     

    I missed the count also! I hope there isn't some hidden meaning in there somewhere! Ha
    27 Apr 2012, 01:24 PM Reply