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  • Axion Power Concentrator 114: June 14, 2012: Axion Confirms 2012 Annual Meeting Of Stockholders 238 comments
    Jun 14, 2012 8:07 AM | 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.

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    Axion Confirms 2012 Annual Meeting of Shareholders

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    Bottom Feeder's Alert: provided by JP

    I've recently learned that 2 million shares that were held by the Mega-C Shareholders Trust are being turned over to the Bankruptcy Trustee.

    The Court Order requiring the turnover of the shares was signed on June 1st. -

    dl.dropbox.com/u/26257506/6.1.12%20Turno...

    I expect the Bankruptcy Trustee to start selling as soon as the shares are deposited to his account.

    I don't expect him to be gentle and there will probably be some pushing and shoving around the pay window until the shares are sold.

    I will not be surprised if the Bankruptcy Trustee's selling puts unexpected downward pressure on the stock price. Since the order requires the shares to be delivered to the Bankruptcy Trustee's brokerage account, I do not expect the sales to show up in HTL's short tracking data.

    I have not heard back from my contacts who are trying to find out how many shares remain in the hands of other willing sellers, but I expect the Bankruptcy Trustee to create a great short-term opportunity for bottom feeders who understand where the shares are coming from and why.

    It's not often that individuals get advance notice of an opportunity to buy stock in a bankruptcy sale. Happy hunting.

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    Axion Power's Weighted Moving Average Price and Volume:

    (updated June 10th)

    (click to enlarge)

    Concentrator Comments: 20,000 comments surpassed on June 1st!

    (updated June 10th)

    (click to enlarge)

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    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.

    Axion Power Chart Tracking, HTL tracks AXPW's intra-day charting.

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    Enjoy!

    Disclosure: I am long AXPW.

    Stocks: AXPW
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Comments (238)
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  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    6/13/2012: (AXPW) EOD
    # Trds: 24, MinTrSz: 500, MaxTrSz: 32940, Vol 96728, AvTrSz: 4030
    Min. Pr: 0.3010, Max Pr: 0.3100, VW Avg. Trade Pr: 0.3046
    # Buys, Shares: 16 50823, VW Avg Buy Pr: 0.3071
    # Sells, Shares: 8 45905, VW Avg Sell Pr: 0.3019
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1.11:1, DlyShts 19048, 19.7%

     

    Number of trades, compressed price range, buy:sell ratio, and average trade size all unremarkable considering both what we know about the Mega-C bankruptcy shares potentially coming on the market at some point and the accompanying current sales by some retail folks that are exiting their positions. Daily short sales percentage continues at a reduced level, but not yet at an extreme.

     

    All combined I think no change in trend is suggested yet.

     

    HardToLove
    14 Jun 2012, 08:29 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    ZBB announces their secondary at .38 cents.

     

    http://yhoo.it/KXAAP9
    14 Jun 2012, 08:55 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    http://bit.ly/OHYz2w

     

    Saab rising from the ashes as a Chinese EV company? With manufacturing in Sweden?

     

    Truly bizzare.
    14 Jun 2012, 09:27 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Quercus just filed another Form 144 – 850,000 shares over the next 90 days.

     

    http://1.usa.gov/LMNNJN
    14 Jun 2012, 09:44 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    I really wish these forms would not only say how many shares they are going to sell but how many they have left.
    14 Jun 2012, 09:58 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The proxy statement for this year's meeting said they held 1,672,729 shares at last count. I that number has to be pretty close. It also means they'll be history by the end of the year.
    14 Jun 2012, 10:14 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    OT: Speaking of outstanding shares, I was bored and over on A123's Yahoo webpage a while ago looking at the message board. There's a rumor going round that there is going to be an SEC filing at the end of the month where A123 announces plans to basically triple their outstanding shares. Anyone heard anything to suggest this might be true?? I know...it's Yahoo...but just being curious.
    14 Jun 2012, 11:01 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    A123 filed a proxy statement on the 11th seeking:

     

    (1) stockholder authorization for the issuance of common shares in connection with the new convertible debt deal, and
    (2) an increase in their authorized capitalization from 250 million shares to 650 million shares.

     

    http://1.usa.gov/Lo0o1M

     

    The meeting will be held on the 29th.
    14 Jun 2012, 11:07 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Massive dilution coming. What's the share price now? $1.30? $.30 sounds about right...
    14 Jun 2012, 11:10 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Their debt deal is a classic death spiral. The principal of $50 million has to be repaid in 27 semi-monthly installments. Payments can be made in cash or in stock. If stock is issued in payment, the conversion price is the LESSER of $1.18 or 82% of VWAP. Those deals are like orthodontia, adding a little pressure every two weeks even if the debt holders are well behaved. If they behave badly it can get really ugly.
    14 Jun 2012, 11:20 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    John,
    Ah, that would make sense. I couldn't figure out where the 250 million was coming from in the discussion, since A123 currently only has 147 million in outstanding shares. Going from 147 million to 650 million would be "very" painful, but I think the company would go bankrupt before getting there.
    14 Jun 2012, 12:45 PM Reply Like
  • Articula
    , contributor
    Comments (283) | Send Message
     
    Lots of selling pressure - I just hope it can fall into strong hands.
    14 Jun 2012, 10:26 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Articula ... The quantities aren't really too large. Yes, lots of selling pressure at present. Let's hope there comes along a reason to buy. I'm rather tired of selling pressure.
    14 Jun 2012, 10:34 AM Reply Like
  • JohnM121
    , contributor
    Comments (500) | Send Message
     
    I'm assuming there are people on this group selling some now to take advantage of a downdraft. It will help the price to have some cash on the sidelines ready to buy it back if this 2M shares is dumped all at once.
    14 Jun 2012, 10:41 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I agree, DR. The ball is in TG's court. Time to get serious about selling the goods. Focus must shift from R&D to cutting the deals, and soon.
    14 Jun 2012, 10:45 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It would be poor strategy indeed to sell when selling pressure is high in the hope that you'll be able to buy at a bargain price when buying pressure is high.
    14 Jun 2012, 10:59 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (707) | Send Message
     
    John

     

    No, some in this group are selling to get out of dodge...Personally i am waving the white flag !!!

     

    map
    14 Jun 2012, 11:11 AM Reply Like
  • Articula
    , contributor
    Comments (283) | Send Message
     
    Funny thing is we talk about this - but TG cannot be focused on doing stuff to bump the stock price. He has to focus what's best for the biz. The inherent problem I see is if a commercilization is imminent we need to see the price get higher in order to maximize cash in the door to continue the rollout strategy. I've never really wanted to pay that much attention to the stock price. I want to not think about it. But for the first time I'm thinking about it because I know the capital raise is coming and Axion needs a high enough stock price to capitalize on the raise.

     

    Still I've been reading JP for awhile - and as he refers too this is nowhere near as bad as when they had ~1M in funds.
    14 Jun 2012, 11:16 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I believe its very unlikey that Megafish will dump all 2m shares at once (which could, indeed, drive down the price to some insanely cheap prices). A strategy requiring such self-destructive behavior has very low odds of working...

     

    Now, had someone been able to project the subsequent events back when the stock was selling for $.60, sure, it would have been a genius play. I don't know any of those geniuses, and they haven't posted on here to brag...

     

    Now the conditions are highly compressed, with the numbers on the sell side concentrated in a much smaller pool of weak hands - buying sitting on support at a highly attractive price - and volume starting to become volatile with signs of peaky daily volume hitting highs of 500k+.

     

    The downside for this stock at these levels has also compressed, while the upside yawns even higher.

     

    Whale meat is really tasty, y'know?
    14 Jun 2012, 11:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    *This group* collectively holds 50 to 60 million shares of stock. A few timid souls with insignificant holdings may be waving a white flag, but the group is doing fine.
    14 Jun 2012, 11:23 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    My priorities,
    1. Sales announcements
    2. Lots of volume to clear out sellers - I can live with share price in the .20's for short term. Just don't want the blood-letting to drag out.
    3. Satisfied shareholders after AGM coupled with a long and detailed report from the attendees. Thanks in advance.
    14 Jun 2012, 11:29 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (707) | Send Message
     
    So what does this group have to do with the company itself??? It seems to me others, who you call insignificant, is pretty foolish when you have no idea how many shares they sold.

     

    I would stick to the facts you can prove, stating what a group owns is silly, how in the world do you even know??

     

    Again, to me another fluff posting that everyone will see through... Very interesting comment when all i see is volume days of 400k with the price going downwards. But i am sure you will put a positive spin on that as well.

     

    Another few million shares and up to the moon was it...
    14 Jun 2012, 11:56 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    I am not sure "timid" is the correct adjective.

     

    Perhaps, cautious. With Quercus announcing another 850,000 to be liquidated, and another round of financing coming likely Q4, when the media will be all over the coming fiscal cliff, I completely understand cautiousness.

     

    Even though I have often written I own shares over a buck, I have to keep reminding myself that my average price is about 51 or 52 cents, and I know a great % of Axionistas are much lower.

     

    I am still in accumulation mode. But I will be cautiously accumulating.

     

    With the recent comments from those Axionistas selling, and that I am 100% positive TG and the Axion brass will be reading every word written in these concentrators before the meeting next week, I ponder if TG will give us some substantial meat to chew on.

     

    He almost has to. Because I see sentiments shifting. None of Axion Power's doing, of course. It is, what it is, as they say.

     

    Another point I haven't seen brought up is that these 2,000,000 shares coming from Mega C, just might be swept up by an insider and not allowed to get onto the market. No insider/director has shares as cheap as they are today.

     

    I see little evidence of these shares being sold so far. So it might just be a good premise.
    14 Jun 2012, 12:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    To have 400,000 shares of volume, somebody has to sell 200,000 shares and somebody has to buy 200,000 shares. That's less than one-half of 1% of the Axionista's combined holdings. Having 50,000 or 100,000 shares is important to an individual, but it's not a big deal to something as impersonal as a stock market. If I started seeing multi-million share volumes consisting of smaller blocks I'd be concerned, but a few hundred thousand shares isn't even a road bump.
    14 Jun 2012, 12:15 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    How sure are we that all the MegaC shares are yet to be sold? That none have entered the market? Isn't it possible that at least some of them have been dribbling in? If they were transferred back on the first, with the intent of liquidation, why would they be held onto this long?
    14 Jun 2012, 12:22 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    Art

     

    I hear you.

     

    TG has a responsibility to the company to keep it focused and to eventually become profitable.
    He and many others within the company and on the board are committed to making that happen. They all are well underwater probably even deeper than the Axionistas.

     

    With the news from Mega and Q trust we are facing 2.85 million shares up for sale in the immediate future. We are also seeing members of our own group starting to exit which only increases the selling pressure. One of my own investor group has decided to drastically reduce his holding as he has found a real estate play that suits his current view of the world.

     

    Despite the focus on the company rather than the share price I believe that TG must do something and soon to reassure shareholders. He must find a way to tell us more.

     

    The AGM is upon us and there is no better time to quell our fears. We need to have something solid to hang our hopes and aspirations on. Something solid that we the shareholder can use to justify to our loved ones why significant amounts of the family wealth are being allocated to this enterprise.

     

    If nothing of substance is announced I fear that the leak may grow to a flood regardless of the potential product pipeline.

     

    Summer is normally a bad time to own stocks and on top of that we have the very uncertain situation in Europe and of course the US elections with all the uncertainty that involves. Prudent investors are already moving substantially out of the equity markets. Only those who must be in the markets will remain. Those without conviction are exiting.

     

    TG, give us a good story with as much detail as you are allowed to do and do it very soon!
    14 Jun 2012, 12:48 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Much of the fear that seems to be bubbling to the surface right now strikes me as logically inconsistent.

     

    Markets are all about arithmetic and willing sellers cannot sell more shares than they own. Investors who bought shares at $.59 or even $.35 did not do so with plans to sell them at a loss. We've had more than our fair share of bad luck with big holders who turned out to be unreliable, but the simple arithmetic says they can't have that many shares left.

     

    38.8 million shares moved out of the hands of willing sellers last year. So far this year 20 million shares have moved out of the hands of willing sellers. There's been a little trading in and out but most of the market activity has been accumulation. The Axionistas have this game won and now we're worried about black swan type risks.

     

    Right now everybody seems to be focusing on the potential for an offering that may happen six months from now. The fear seems to be that prices will stay down forever and the terms will be painful.

     

    The only way that happens is if nothing good occurs over the next six months. We know about another NS locomotive. We've heard reports that NS is talking about a much larger test fleet. We know the PbC has survived three years of auto industry torture. We've seen presentations where Viridity is going to be using lead-carbon at Fort Meade. We keep ignoring the signs of real and substantial progress and assume outcomes that can only happen if the momentum of the last four years turns on a dime and goes to hell in a handbag.

     

    Markets are all about expectations and I think many of us have had our expectations distorted over the last couple years. The company is doing a great job of building its business. Six months is just around the corner in one respect, but it's an eternity in another. At some point we need to have a little faith that the people who are putting in 12 to 18 hour days to make Axion a success are not doomed to failure by a malicious universe.
    14 Jun 2012, 12:49 PM Reply Like
  • bazooooka
    , contributor
    Comments (3663) | Send Message
     
    I think it is the Axionistas that are in at 40-60 cents that we have to worry about selling here. I'd think many in that scenario would be very tempted to pull the cord here (while they still have 50-80% of their principal), where as those who have held pat since 1 dollar are likely to ride this thing out all the way out. Anyhow if we can't get cash flow or financing and this goes to .05 cents then 90%+ loss will be an outcome many share. The good news is it was only months back that TG was predicting new revenue growth. Are we really to think his words weren't carefully chosen?
    14 Jun 2012, 01:01 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I'm sorry if I appear frustrated right now, but many commenters are ignoring every positive sign and assuming the worst possible outcome. Bad stuff could happen. That's the nature of business. All the road signs we can see tell us good things are happening. Capitulation on the verge of victory because of fear over what we don't know seems unwise given everything we do know.

     

    I'm really going to be glad when the annual meeting is past and members of our happy little crew can report what they saw and heard.
    14 Jun 2012, 01:14 PM Reply Like
  • bazooooka
    , contributor
    Comments (3663) | Send Message
     
    I can't discount the pps but I for one do still have faith in TG and know that willing sellers eventually will be exhausted based on simple math.

     

    Agreed, the annual meeting will be very significant and could do a lot to stem this tide of selling.
    14 Jun 2012, 01:28 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    It's only a trial run but I think it's a mild hybrid with PBC. Standing room only. 8-P

     

    http://bit.ly/LH3H7t

     

    More on topic. Now we're gettin' some volume.
    14 Jun 2012, 01:49 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Kinda looks like a younger me eh?
    14 Jun 2012, 01:52 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Well if I close my eyes and use some imagination I can see an ice cream cooler in the back. :)

     

    Are those the new safe "cooling not required" A123 lithium batteries down there? Must be problems with the welder again!
    14 Jun 2012, 02:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It would be a great location for a snow-cone business, a lot like Phoenix.
    14 Jun 2012, 02:18 PM Reply Like
  • magounsq
    , contributor
    Comments (956) | Send Message
     
    map

     

    We get it already...you want out and you are out...no problem.
    A gracious and understandable exit by Mercy and tragicslip.
    Would appreciate the same from you.
    14 Jun 2012, 04:46 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    15 Likes.

     

    Maybe there is some level of support for my position after all.

     

    I'm no Crusader but I do think that TG or a deputy needs to give us the shareholders who are not privy to what is truly happening inside the golden circle some significant comfort.

     

    Each and every shareholder is feeling pain and our situation needs to be addressed.

     

    Surly TG can exert some pressure on the big boys to give us some clarity moving forward. After all if Axion gets flushed down the tubes due to No news there is no benefit to anyone.
    Axion may have thy best technology ever but if the share price goes to 0 who benefits?
    14 Jun 2012, 05:34 PM Reply Like
  • D-inv
    , contributor
    Comments (4778) | Send Message
     
    I "liked" your post, JP. However, I see some things a bit differently.

     

    To my knowledge we only know that NSC has pursued testing of PbC strings for an OTR locomotive in parallel with that done for yard locomotives. A PO for batteries to power an NS999 locomotive is in hand, but all we have on batteries for an OTRL is reference to such a possibility in the PR announcing receipt of the yard locomotive battery order. We've seen a Viridity Energy presentation prepared in response to an RFP for systems at Ft. Meade, but I'm not aware of any indication a contract pursuant to the RFP has been awarded. Positive momentum is definitely present, but the pace of progress is akin to that of the tortoise (if that) as opposed to the hare (which appears to apply to more than one other battery chemistry).

     

    The company has done a great job of building its supply capacity and identifying target markets for its product. But, a sustainable business requires product sales and that has yet to be demonstrated.
    14 Jun 2012, 06:46 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Shareholder meetings are a great place for a CEO to paint his vision for the future and his plans for accomplishing those visions.

     

    A holder that I communicate with offline by e-mail reports that Tom has said this year's meeting *will be the best one yet* We'll find out what that means within a week.
    14 Jun 2012, 11:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Axion has been discussing the NS 999 and the OTR unit for almost two years. The process had several delays but the first order is done and the second has been confirmed as pending. Two of us have reported that they heard Mr. Dantam mention 50 to 75 locomotives at ESA. This is not a hare brained idea. It's a business relationship that is maturing and gaining momentum. It's a very good thing, even if the signs of progress are not clear to an observer.

     

    The point is that sales cycles do not happen overnight and timing is never in the seller's control. A project starts with an idea. The first stage is performance testing to see whether the idea will work. As the testing progresses and the results become clearer the idea begins to become a plan. Ultimately plans become signed contracts followed by shipments. Risk is highest at the idea stage. As testing progresses risk declines. When you get into the planning stages risk declines yet again. Signing the contract and delivering the goods is almost anticlimax.

     

    NS is starting to implement their plan and the only unknown at this point is how many units and how quickly. Viridity is openly discussing their plans in public presentations. I agree there is no proof of a sustainable business model yet. I'd love to see contracts fall into place faster. But discounting the momentum and the ground that's already been covered because the last bit of paper hasn't been signed is disrespectful and it ignores the reality of how business is done.

     

    If Axion was launching a direct to consumer product like tennis shoes, pharmaceuticals or even EVs, it could call the tune on its product launch and roll-out schedule. As a manufacturer of an item that will always be built into somebody else's product, it has to dance to the tune called by its customer. Serving the customer's needs is never a bad thing and given a choice between keeping stockholders happy by speaking freely when the customers want to limit communication is a great way to damage customer relations.

     

    I don't like the dynamic, but I recognize it. If Axion has to choose between holding my hand and holding a customer's hand, I think the customer wins.
    15 Jun 2012, 12:24 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    "A holder that I communicate with offline by e-mail reports that Tom has said this year's meeting *will be the best one yet*"

     

    Dancing bears and a blindfolded game of pin the hand grenade on the troll. Or maybe Mr. Dantam has a great cookie recipe! "Fortune" cookies. They contain little slips of paper with customer contract details! Now that would be the definition of best one yet!
    15 Jun 2012, 12:27 AM Reply Like
  • D-inv
    , contributor
    Comments (4778) | Send Message
     
    JP > "I agree there is no proof of a sustainable business model yet. I'd love to see contracts fall into place faster. But discounting the momentum and the ground that's already been covered because the last bit of paper hasn't been signed is disrespectful and it ignores the reality of how business is done."

     

    It appears that what you see as disrespect I see as confirmation of "momentum and the ground that's already been covered." No disrespect intended and no offense taken to the thought.
    15 Jun 2012, 10:59 AM Reply Like
  • SimpleInstrument
    , contributor
    Comments (79) | Send Message
     
    I'm dumping my shares and advise everyone else to just move on to other foreign ventures. I've put up with their crap for years and they are full of it. One thing (hole) always leads to another; with none on the other ( answers or results). Their recent home sales on the cube with the Florida company taking point is another dead end. The company is dead and they're to dumb to know it. Doubt me... then just pick up the phone yourself. I've been able to buy nothing except stocks. Always hype and no results. Now they have a home battery. I said I wanted a pack myself. They start with all the excuses; then I say... mine is the same system you installed for the shipyard. How about those excuses now. All hype! I challenge anyone to buy one freaking battery from these con men.
    1 Aug 2012, 02:04 PM Reply Like
  • jvanwest
    , contributor
    Comments (57) | Send Message
     
    I rarely post in these concentrators, I have read every single one of them, however with the doom and gloom that is present I thought that perhaps I would stop lurking and put my two cents in. I suspect there are more people like me then, people like you all who post regularly.

     

    I first bought into Axion way back in early 2009 when trading volume for the day might have been 5000-10,000 shares, for weeks on end. Axion got some nice jumps and I was well into the black after the Xide partnership was announced and the stock behaved like many development stocks that bounce on news. Since the first offering that added 45 million shares everything changed as we all know. Selling pressure has completely sapped all the energy out of the stock, it no longer acts like most stocks that trade on good news developments. When working with NSC was announced, nothing.
    BMW, nothing, GM nothing. First grid connection of its kind with Viridity and PJM, nothing.

     

    I work in Biotech, I know others here do as well and many here have mentioned being invested in the space. Find me a company in biotech (really any industry) that partners with the big boys and doesn't get a significant boost to there stock price. There are hundreds of small biotechs working on various drugs and if they announce that Merck, Roche and Pfizer are all looking at there drug and evaluating it, the stock would have jumped 10X on that news alone.

     

    So I haven't stated anything new to any of you. The stock is badly broken, I believe that JP's assessment that the puddle was drying up, and we were starting to come out of this dynamic earlier this year, but then the second offering happened and once again we have 25 million shares. I believe as others have stated that this was just to much for many individuals to take and I think that along with the known big boys who are selling, many retailers have been selling as well, some of whom have now expressed this recently.

     

    The concern I have as well as many here who are now worried that the selling wont stop until the next raise, and once again they will have to issue a huge amount of shares to raise a little money that will get them another year of running, which pisses off, scares, or they lose hope and the individual investor sells. The feedback loop startes all over again.

     

    So I will wrap it up with my opinion on how the rain stops and a couple of questions that people can chew on or not. I know JP thinks that the rain will stop at some point (maybe by summers end) on its own, but I am not convinced. I think the only way the rain stops is a couple of concrete news announcements of sales. That should not only drive higher volume which will flush out the last of the big sellers, but will be concrete evidence so many are looking for of forward tangible progress. So it remains to be seen if the news can come before the next raise? We are now nearing the end of Q2 and aside from NSC order (which again was huge and totally ignored) there has been silence. I may be young and naive, but one question I have, is it appropriate to ask management at the shareholders meeting to address the stock price issue and how they see there way out of it? Many companies are held to the fire if there stock isn't performing to the degree shareholders want.

     

    Much like Bang and Maya I have several family members I have told Axion about who have small positions many deeply underwater right now especially my mom. When she bought in Q1 of last year during the rise I told her to give it 2 years before she might see some nice growth (and now I have to keep reminding her that I said two years, every time she winces at were its at today:) So that is Q1 2013. If there isn't much news by then, I think that the feedback loop I described earlier will be in full force.

     

    JVW
    14 Jun 2012, 11:20 AM Reply Like
  • jakurtz
    , contributor
    Comments (1959) | Send Message
     
    Thanks for the contribution JVW. Very accurate in what i think many are feeling. I don't see a problem asking management about plans on coming capital raises in the face of a broken stock. It is on everyone's mind and would be the elephant in the room if it is not asked. Watching Tesla's webcast yesterday on their shareholders meeting there were several questions centered around their stock, one on how they plan keeping up with the high stock valuation through improvements in battery technology and the other asking about all the short positions and if the shorts know something they don't -- this for a company whose stock is "broken" the opposite way of ours.
    14 Jun 2012, 01:29 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2718) | Send Message
     
    I wonder at what point it might be prudent to issue debt instead of selling shares.
    14 Jun 2012, 01:33 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Debt is never prudent unless you have the free cash flow to service the debt before you incur it. In smaller public companies *debt* usually means junk yields or death spiral convertibility. I've never seen a debt offering by a small company work out well for stockholders,
    14 Jun 2012, 01:37 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    This is shapin' up to be one very long hot summer, indeed. Just feels like every clashing ingredient was dumped in, and then someone pushed "blend". You know it's bad when the end of the world, December 2012, seems like a happy shore of refuge. ;)
    14 Jun 2012, 11:57 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    "A few timid souls with insignificant holdings". That's an interesting turn of phrase
    14 Jun 2012, 12:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    My words were obviously poorly chosen. Unfortunately I can't go back and re-write them so I'll just have to take my beating like a man. I didn't mean to offend, but the volumes don't lie and we are not seeing anything that resembles a wholesale retreat.
    14 Jun 2012, 01:00 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1284) | Send Message
     
    it's a quite simple 3 step process:

     

    1)take notice of looming finance

     

    2)watch sellers continue to appear at the door (filings and 2m more distressed shares)

     

    3)watch the curious lack of buyer interest (volume)

     

    considering big volumes will only exhaust sellers quickly i am perfectly content with my timid retreat. low volume is a terrible sign for stock pricing in the shorter term.
    14 Jun 2012, 01:42 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Six to eight months is not exactly what I'd call looming, particularly in light of the many tidbits that have surfaced here recently.

     

    Sellers appearing at the door with a couple million shares here and there are little more than speed bumps with a volume of 77.4 last year and 39.9 million to date this year.

     

    Endless discussion of things that might go wrong in preference to things that are clearly going right can sometimes cause buyers to back away for a while. It is not a permanent condition.
    14 Jun 2012, 01:59 PM Reply Like
  • Gerry W
    , contributor
    Comments (59) | Send Message
     
    J P.
    I do not object to your terminology. I am just a little disappointed when a person who claimed to be a friend of, and respect the group,feels that it necessary to inform them that they are selling out. That is their own business, there is no good reason to make that information public .What are they saying? They are smarter than us suckers who choose to hold ?. Are they trying to give leadership ?,and a mass exit. I do not need that advice,I will sell or hold on my terms. They do not make anybody feel better to see them go,we all feel a little more vulnerable.
    So ends my rant.
    14 Jun 2012, 07:35 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2685) | Send Message
     
    Gerry,

     

    I happen to think that there is very good reason for disclosing fully when I sell ANY stock I have held and commented positively about in the past. I make a commitment to Followers in my profile on Seeking Alpha (SA) that if I ever change my course on a stock I have discussed I will disclose that change somewhere on SA.

     

    I don't recall seeing any objections from you when I and many others have disclosed on this APC that we purchased AXPW shares. If the APC wishes to only publish "purchasing" comments and keep readers in the dark about "selling disclosures" -- they have my permission to delete the personal reasons I posted for selling AXPW. http://seekingalpha.co...
    I will then simply post the same disclosure elsewhere on SA. I owe that to anyone who reads my comments -- and I owe it to my firm principle of full disclosure at all times.

     

    When I contribute to SA I am not out to "make anybody feel better" -- I am out to share my honest thoughts in hopes it helps readers arrive at the best conclusions for themselves. In turn, that's all I expect from anyone who posts a comment for me to read as well.
    14 Jun 2012, 09:11 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3415) | Send Message
     
    MJ,
    I appreciate your thoughts and open, honest reflections. Everyone has to do what is right for them based on investing style and circumstances. Thanks MJ.
    14 Jun 2012, 09:26 PM Reply Like
  • D-inv
    , contributor
    Comments (4778) | Send Message
     
    Mercy, you disclosure statement and full disclosure principle are appreciated and held in high regard by this "axionista".
    14 Jun 2012, 10:02 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1284) | Send Message
     
    information about who is selling is very useful. it is not a personal attack. i am sorry if any of my comments came off that way.

     

    before i used this concentrator i would have never imagined how much useful information i simply ignored because my idea of what is important was different.

     

    combine that fact with how seemingly useless info becomes prescient when some other bit of data becomes available.
    14 Jun 2012, 11:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I think you did a great job on your disclosure Mercy.

     

    You spoke of what you had done and why. You didn't presume to speak for anybody else or add color about what you thought others were doing or should do. You limited your comments to what you know.

     

    Others who have made the same decision have been less discrete. Instead of talking in the first person. they've attributed their thoughts and motivations to the larger market and claimed market dynamics that are not supported by the numbers.

     

    There's an immense difference between saying "I left the movie early" and saying "I smell smoke in the theatre."
    15 Jun 2012, 12:41 AM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Mercy,

     

    Again as before, I am thankful for your thoughts and disclosure. It has been noted many times since the first APC that the value of this virtual living room comes from the honest sharing of diverse viewpoints.

     

    I share what I find because I hope that it will keep others well informed and I hope that additional analysis of the data that I find will lead to a better overall understanding.

     

    At the same time, I have no problem voicing what I feel are problem spots.

     

    Indeed, the most interesting thing of all, will be if both Tragic and you continue to follow the story and it comes full circle to where both of you decide to reenter your positions.

     

    All the best to both of you.
    15 Jun 2012, 01:41 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2685) | Send Message
     
    Thanks to all for your generous responses above. Like Tragic -- I do expect to continue "following the story." Nothing would please me more than to be back here soon congratulating Axionistas for a $1+ share price!
    15 Jun 2012, 06:23 AM Reply Like
  • Gerry W
    , contributor
    Comments (59) | Send Message
     
    Mercy,
    I appear to have hit a nerve with my last statement ,unlike JP ,I will not back track . I was under the impression that the purpose of the concentrator was to encourage shares into strong hands,not into the hands of those who will abandon ship at the first storm warning. Sorry if I do not show sufficient obeisance and gratitude to you for you gracing our site. As JP often says ,as a seller you are no longer relevant.
    15 Jun 2012, 12:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    Gerry W: I disagree. The purpose of the concentrator is to share the results of the aggregate efforts that each of us is able to contribute so that each individual can make the best possible decisions for their goals, risk profile, etc.

     

    It has nothing to do with "to encourage shares into strong hands,not into the hands of those who will abandon ship at the first storm warning".

     

    As to your "sorry if ...", unnecessary and useless. It can not encourage helpful attitudes.

     

    MNSHO,
    HardToLove
    15 Jun 2012, 12:54 PM Reply Like
  • magounsq
    , contributor
    Comments (956) | Send Message
     
    GW

     

    A little...no, a lot overboard.
    (Unless you have another agenda!)
    "I was under the impression that the purpose of the concentrator was to encourage shares into strong hands..."
    Not I.
    Not sure how healthy that would be nor if I would be a part of it.
    My understanding is engaging in the story...yes, and investment, with the pros and cons...and caveat emptor.
    Many commenters have made significant contributions...and not as sheep!

     

    I've observed Mercy's comments here and on other blogs.
    IMO, a very intelligent, curious and well read investor.

     

    BUT...she doesn't need me speaking for her!

     

    I hope she and tragicslip continue to follow the blogs.
    15 Jun 2012, 06:29 PM Reply Like
  • amishelvis
    , contributor
    Comments (143) | Send Message
     
    "This is shapin' up to be one very long hot summer..86"

     

    And it doesnt start for another 7 days! It seems to me that none of the positives have been put in that blender, they have been forgotten and left on the shelf in the fridge or worse yet the freezer.
    14 Jun 2012, 01:27 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    The 200k bid has been dropped to 27 cents, I see.

     

    105k block just went off at 30 cents even. Bid is now 29 cents.

     

    So, what are everyone's predictions as to how low we go?
    14 Jun 2012, 01:40 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    I have buy orders in to effectively double my holding in the $0.20 range. To me that is a dream. My wife is screaming for me to buy AAPl. So far I resist but the pressure mounts daily.
    14 Jun 2012, 01:56 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I'm thinking AXPW bottoms at $.24 this time around.
    14 Jun 2012, 02:09 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Now you're getting off into turtle daydreams. It could happen if there's too much push and not enough pull, but I have to think there are still some hungry turtles like our friend Albert out there.
    14 Jun 2012, 02:13 PM Reply Like
  • Articula
    , contributor
    Comments (283) | Send Message
     
    Woah 105k block - that's big
    14 Jun 2012, 02:14 PM Reply Like
  • Articula
    , contributor
    Comments (283) | Send Message
     
    Logic?
    14 Jun 2012, 02:15 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    Oh come on! Please let it drop a penny or two lower, just for a couple of trades. Maybe I can get my dreams partly filled.
    14 Jun 2012, 02:18 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    It won't hurt my feelings to miss the estimate. Prior 52 week low was $.25 not long ago...
    14 Jun 2012, 02:31 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    Someone will have to deal with the crumbs. Somewhat like the roaches I dread but deal with all too regularly in my island "paradise".

     

    Should change my handle to Hoover!
    14 Jun 2012, 04:54 PM Reply Like
  • RBrun357
    , contributor
    Comments (820) | Send Message
     
    Unfortunately I have been very busy lately and have not been able to visit and read all of the info posted on this concentrator in the past week or so. My reason for posting this is to ask how many Axionist are planning on attending the shareholder meeting? I will be traveling up from Florida to take in the meeting myself and am just interested in how many others might be there.

     

    Thanks
    14 Jun 2012, 02:03 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    I wish I could attend, to meet some of you folks.

     

    But my daughter has a middle-school graduation at the same time the meeting is scheduled. Can't miss that!
    14 Jun 2012, 02:39 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    I want to go, but have to work. Gotta keep my day job so I can afford to buy more shares! :-)
    14 Jun 2012, 02:59 PM Reply Like
  • RBrun357
    , contributor
    Comments (820) | Send Message
     
    I understand, I am attempting to rearrange my schedule so I can make the meeting. I am hoping that it will give me some extra data I need in these somewhat "questionable" times.
    14 Jun 2012, 03:11 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    There may yet come a day when the men of the West shall fail...

     

    But it is not this day!

     

    http://bit.ly/LHe8Id
    14 Jun 2012, 02:25 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Or my personal favorite – http://bit.ly/LnJtxR
    14 Jun 2012, 02:30 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    48: Yep. Thank the gods we have John "Gandalf" Peterson riding with us... That magik staff might get quite a workout.
    14 Jun 2012, 02:32 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Given the trend, I think the sooner the offering takes place, the better for Axion and its shareholders.
    14 Jun 2012, 02:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Mercifully that decision will be made by the board of directors who have a far better idea of where the business is heading than any of us do. There's a time to every purpose under heaven and the board will no doubt act when the time is right. They always have.
    14 Jun 2012, 02:36 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    "As they are being made..."

     

    http://bit.ly/L8076j
    14 Jun 2012, 02:32 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Ummm...gee guys. Some people sold their stock. It's not the end of the world. ;-)
    14 Jun 2012, 03:07 PM Reply Like
  • 23808
    , contributor
    Comments (87) | Send Message
     
    Lab Tech
    I agree with you, it is not the end of the world. Owning this stock is like running a marathon. Therefore, we cannot expect all axionistas to stay and finish the race.

     

    I just want to say to this concentrator, not all axionistas sold. I am a lurker on this board. I bought this stock because of the technology, risk/reward potential, information I learned from this concentrator, and above all JP willingness to share his knowledge with us . I did not buy this for a quick return. (For a quick return, I would have invested in some safe big cap stocks and sold options on them.)

     

    As for me, I would only sell this stock if the technology fails. So far, I have not seen any sign.

     

    However, it will ease my mind more if TG can get permission from NS, BMW and others to tell us more on all the testing they have done so far at Penn State. and our factory on various batteries.
    15 Jun 2012, 10:58 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Don't get me wrong as I like this app for electrification. But ya gotta love this. Perfect example of the greater fool theory.

     

    Hybrid trash truck hits College Station streets

     

    "The College Station City Council recently amended its policies to de-emphasize environmental stewardship so that the city only chooses the “green” option if it is also cost-effective. It was able to buy the hybrid only because it received a grant from the U.S. Department of Energy to make up almost all of the $110,000 price difference."

     

    http://bit.ly/L81h1J
    14 Jun 2012, 02:42 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    edification.
    14 Jun 2012, 03:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    LOL that's a hybrid garbage truck all right...

     

    You feed it cash and it turns it into garbage.

     

    How long would you have to operate the truck to pay back the $110,000 from fuel savings...

     

    15 years? 20?

     

    And how long will that battery pack last? Tesla claims 7 years, so to be kind let's say they could get about half way to paying back the $110,000 before the next $100,000 battery had to get plugged in...

     

    So the payback period would be...

     

    Never.

     

    Its a sisyphus-mobile.
    14 Jun 2012, 03:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The article was talking about a three-year payback on the incremental cost from fuel savings, so it's not all that bad.
    14 Jun 2012, 03:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Before or after someone else paid the bulk of the $110,000 price difference?

     

    If they are getting $33,333 per year in fuel savings, you have to wonder how that math works. How much does it normally run to drive a truck about 20,000 miles per year on diesel? And a hybrid would save, what, about half that max? (I Reread the article, they are claiming a 40% gain in mileage all the way up to 3mpg).

     

    Of course, maybe they plan to run that truck day and night, nonstop, for 3 years, more like 120,000 miles per year...

     

    Again, I reread the article, it says they might get back the difference they paid in 5 to 7 years.

     

    In which case, they might maximize the battery pack I suppose.
    14 Jun 2012, 03:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    If you think about garbage routes where the drill is drive 100 feet, stop, drive another hundred feet, stop again, it has to be about the worst fuel consumption application around. It also has to be ultra-hard on mechanical components because there is little or no steady state driving. I believe the article spoke of the truck having a life expectancy of seven years, but a fuel payback on the hybrid upgrade in three.
    14 Jun 2012, 03:37 PM Reply Like
  • D Lane
    , contributor
    Comments (1685) | Send Message
     
    Garbage trucks are like transit buses: ideal for series hybridization.
    14 Jun 2012, 03:43 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    LOL, I just had to run the numbers...

     

    3 mpg is what they hope to get from the hybrid

     

    2.2mpg is what they are getting from the diesels

     

    The average garbage truck goes 25,000 miles per year, so at 3mpg the hybrid will burn 8333 gallons per year (I'm being nice and NOT assuming that they are not including the costs of electricity to recharge those batteries in their 40% claim, which although I suspect that is exactly what they are doing, I can't prove it...)

     

    The standard diesels will burn 11364 gallons per year.

     

    At $4 per gallon this would mean a savings of $12,124 per year for the hybrid over the ICE garbage trucks.

     

    3 years obviously won't do it. 5 years won't either, but 7 years gets within shouting distance, but still no cigar. If the plan is to save the money on fuel costs, it will take them just over 9 years to do it.

     

    Of course the claim includes something about savings on "maintenance", which has some assumptions in there which I wonder about (of course, maybe the Feds are picking up the tab for that too). Since when did an experimental vehicle become cheaper to maintain than a standard rig? Both still have ICE engines, though of course the hybrid is smaller and burns less fuel. IMO the vehicle with the complex, redundant drivetrain components is far more likely to need maintenance, but hey, just for giggles lets assume they are equal (they will have to prove to me that they can save thousands of dollars per year in maintenance in the real world).

     

    Even if they can do it in 7 years, what is the likelihood that the battery pack will be exhausted at that point? 100%?

     

    I doubt they just throw away garbage trucks every 5 to 7 years. Diesels are notoriously long lived. I happen to know that my personal garbage collector drives a truck over 12 years old, and it looks pretty good now that he has painted it again.
    14 Jun 2012, 04:17 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    tripleback,
    I think we are all too use to the idea of anything that says "hybrid" as being with a battery. Here's another article from Miami that explains the system a little more accurately. It's not a battery-hybrid system, it's a hydraulic-hybrid system.

     

    http://bit.ly/KFgBQB
    14 Jun 2012, 05:20 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    Sounds like they are using the Eaton system.

     

    HardToLove
    14 Jun 2012, 05:49 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Wow, new to me. Thanks LT. Hydraulic hybrid...

     

    I can (just barely) grok how it works. My experience with hydraulic systems in industry is pretty extensive, though dated, but we did find that when well-designed they had long lives. I would think that those systems would last as long as the vehicle, if maintained.

     

    And the maintenance savings MIGHT be real, too, but I wonder. Usually there is no free lunch with wear and tear. Shift the burden to a new system from, say, the brakes or the engine, and you see maintenance and breakage in the new system that roughly approximates the old. I get the efficiency gains, though I still think it will take them closer to 9 years than 5 to break even.

     

    Without the necessity of replacing battery packs, however, this really could be long term cost effective, particularly with robust vehicles with very long lifespans.
    14 Jun 2012, 05:50 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2704) | Send Message
     
    What JP said about hybrid GTs and buses.

     

    Although personally, I think the mechanical-hydraulic type hybrids make more sense for this type of use. Hydraulic accumulators use physics, not chemistry, and play well with high torque drive machinery.
    14 Jun 2012, 06:57 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    I would expect some pretty good savings in brake lobs but wonder if it would offset the costs of redundant systems as you suggest.

     

    Just before they eliminated the Nissan Altima hybrid I could have gotten one for a great price in 2010 for my college bound son. Since I expected low mileage for a number of years I passed on it for the reason you suggest. You don't increase complexity and lower maintenance. Especially in a snow belt state that has access to large amounts of salt for winter use.
    14 Jun 2012, 07:17 PM Reply Like
  • D-inv
    , contributor
    Comments (4778) | Send Message
     
    tb > "Without the necessity of replacing battery packs, however, this really could be long term cost effective, particularly with robust vehicles with very long lifespans. "

     

    There is another difference of significance between the two articles. The first article discussed 'gas' consumption and prices whereas the second describes the vehicle as diesel powered. IINM, diesel is a tad more expensive than the $3 gal. regular grade 'gas' price used in the first article's cost recovery calculation.
    14 Jun 2012, 07:42 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    The other thing to notice in the article is that it says that, since the units are lighter, they are able to haul more garbage/truck. So not only do you get the savings of less fuel, but you will need fewer trucks/shift. Might not make a difference in a place that only has four garbage trucks, but in the Miami article they are running 193 trucks. If the truck can hold 10% more (I'm just picking a number), then you could potentially run 19 few trucks. That would save a "lot" of fuel and money. The supervisor in Miami seemed to love them and wanted to order more. I don't think he would say something like that unless they really worked. He's got nothing to gain, so he's not going to stick his neck out for them unless they really do save money.
    14 Jun 2012, 08:31 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    What I didn't understand is that they made it sound like the life expectancy of a garbage truck is only 8 years. Is that true??
    14 Jun 2012, 03:24 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    I can tell you that from what I've seen in my former home town when I visit my mom that they last a heck of a lot longer than 8 years in depressed smaller communities. I think I passed one that almost ran me over when I was going to elementary school 40 years ago.
    14 Jun 2012, 03:35 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Sounds to me like they have correctly pegged the problem with the hybrid, ie, the anticipated time when the batteries die.
    14 Jun 2012, 03:36 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    The Electric Car Battery That Never Has To Be Replaced?

     

    "However, A123 Systems claims that it has created a battery that doesn’t need replacing. In fact, they’re saying that it will last as long as the car that it powers."

     

    http://bit.ly/KKl82t
    14 Jun 2012, 04:04 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    That was the technology that gave the stock price a 50% bump the other day, at least until the Wunderlich analyst said it would be a couple years of testing and validation away from production.
    14 Jun 2012, 04:17 PM Reply Like
  • Nicholas Chen
    , contributor
    Comments (2718) | Send Message
     
    We shouldn't forget that a share offering would be like last time, a weighted moving average of a future period. Thus these big sellers may be done by then, and us Axionistas would push it back up.

     

    I wonder if the big sellers will sell at an increased rate now that shares are cheaper. After all, volume increases as share prices fall...
    14 Jun 2012, 03:42 PM Reply Like
  • jakurtz
    , contributor
    Comments (1959) | Send Message
     
    Those with level II...

     

    I finally took the plunge and paid $10 on scottrade to check out level II today just to see whats up. It is showing me only one MM named HDSN with a bid of 1,000,000 @ .28 and an ask of 500,000 @.44 and nothing else.

     

    It is obviously fudged since their are plenty more askks and bids than that and it seems to not be worth a dime but I wondered what others with real experience thought?

     

    P.S. I took a screen shot of it so I can prove I am not crazy if it would help for me to send it to an email contact me PM.
    14 Jun 2012, 03:45 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    Hey jk,

     

    I'm guessing that your vol #'s are high by a factor of 100. TD Ameritrade's Level II shows HDSN with 10,000 shares bid at 28 cents, for example.

     

    No idea why you're not seeing all the other MMs. tt scott.

     

    I wish I could see Level III, but TD doesn't offer it, they've told me. I think HTL said he gets it with Etrade or such, but the presentation sounded goofy IIRC.
    14 Jun 2012, 04:05 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (865) | Send Message
     
    I may be wrong.

     

    My observation is that the retail customer might just as well bend over and kiss his ass.

     

    The level 2 stuff we see is purely window dressing.

     

    My strategy is to ignore everything that I see via all the 'Services".

     

    My buy or sell may be several cents away from the quotes. So be it. The big boys will do their thing but at least I know what I want and if lucky I get what I ask for.

     

    As a smallfry what else can I expect?
    14 Jun 2012, 04:36 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    I get a very nice Level II included free in my thinkorswim.com account.

     

    ThinkorSwim (out of Chicago) was bought by TD Ameritrade sometime in the last year or so. Their software (java based) has always been outstanding (and continually expanding and improving with great charting) and highly rated in the annual Barron's reviews. They were originally most known for options, but they've expanded it to include Forex a year or so ago.

     

    Their prices have always been very competitive, and their education offerings were outstanding and either free or very reasonably priced. The theory they mentioned at one point, was they would rather educate you and keep you solvent and trading!
    14 Jun 2012, 04:56 PM Reply Like
  • jakurtz
    , contributor
    Comments (1959) | Send Message
     
    Seriously, you guys couldn't indulge me for longer than a few minutes that my Level II is 100% accurate. I am an Axionista, I will gladly accept the delusion that everything is candy canes and lollipops.
    14 Jun 2012, 04:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    MrI: Lvl II not goofy. I was discussing the "Time & Sales" panel that shows what's going on but it's sometimes hard to fathom as you have to be "tracking" to see a change in volume of bid or ask at a given level and if a bid or ask is withdrawn you can't easily tell.

     

    So goofy more likely describes me, but "less useful than what I would like" describes "Time & Sales".

     

    The "Market Depth" panel, a.k.a. "Level II" is just fine and does a good job.

     

    HardToLove
    14 Jun 2012, 05:55 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    Hey HTL.

     

    I thought you have Level III (3), which is what wtb was asking for. I wish I had it, too, for the extra info. For example, someone posted yesterday that they placed a big buy order that they thought would stop the downdraft, but it evidently wasn't the MMs best bid on Level II, so it didn't show to me nor to wtb, I guess.
    14 Jun 2012, 07:25 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    I thought he was talking Level 2 (bad old eyes I guess). Anyway ...
    ===============
    Level III
    This is a trading service consisting of everything in Level II plus the ability to enter quotes, execute orders and send information. This service is restricted to NASD member firms that function as registered market makers. Level III allows you to enter bid/ask quotes as the trades are being executed right in front of you. It is the fastest way to execute a trade and is typically found only on the trading floors of brokerage firms and market makers.

     

    Read more: http://bit.ly/NqErVL
    ===============

     

    http://bit.ly/LZlSCB

     

    HardToLove
    15 Jun 2012, 08:24 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    Thanks, I thought the "not just best bid/ask per MM, but the orders away from that, too" was called something other than Level III (3), but the TD Amer. rep called it that. That's a bit scary, when a broker doesn't even know what it's called. Maybe he also thought I meant M&Ms when I said MMs, lol.
    15 Jun 2012, 08:50 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    Mr. Investor ... There is a product out there called NASDAQ Total View that shows all bid/ask

     

    http://bit.ly/LKDXWs
    15 Jun 2012, 08:57 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    Thanks DR. I may have to tt Scottrade and Etrade, etc. to find out what their offering of it is. Surprised that TD doesn't offer it.
    15 Jun 2012, 09:17 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11197) | Send Message
     
    ALL WHO ARE INTERESTED IN ATTENDING THE AXION POWER SHAREHOLDERS CONFERENCE, JUNE 21.

     

    A while back I posted a link just for that purpose, so that all of those interested in attending would have an Instablog to find out where everyone's staying, eating, maybe to share rides from the Pittsburgh International Airport, etc. Here is the link:

     

    http://seekingalpha.co...

     

    APH: Would you please post this link in the header of the next Instablog?
    14 Jun 2012, 05:28 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Maya,
    Does this mean you aren't putting everyone up at your place?? And I was hoping for an air mattress in the living room! Ah well, guess I'll have to miss the fun. ;-)
    14 Jun 2012, 10:18 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    http://bit.ly/KFimxs

     

    "It's easy to grin, when your ship comes in, and (you think) you've got the stock market beat...
    But the man worthwhile,
    Is the man who can smile--
    When he's down and yet knows he coulda bought a REIT!"

     

    Don't sell yourself short Judge, you're a *tremendous* slouch... ;)
    14 Jun 2012, 05:37 PM Reply Like
  • D-inv
    , contributor
    Comments (4778) | Send Message
     
    Warning. Speculation and Tea Leaf reading follows.

     

    I've been a bit surprised at how well the AXPW share price level has held this month in the face of uncertainties regarding Greece, Spanish banks, stability of the EUR, news of impending 2 million MegaC share disposal, potential for end-year U.S. fiscal "cliff", and uncertain U.S. presidential election outcome.

     

    I've speculated as to three possible explanations for the relative share price stability - 1) anticipation of good news at the upcoming annual shareholders meeting, 2) anticipation of quantitative easing to assure liquidity if EUR situations deteriorate, and 3) steadily worsening re-election outlook for Obama. I suggest the third possible explanation due to perception of incumbent administration policies as anti-business, declining Obama favor in opinion polls, recent less than cheery economic stats, and a press that appears increasingly willing to question/challenge WH positions. (An example of the last possibility is evident in http://tinyurl.com/8xa...)
    14 Jun 2012, 08:34 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    Well, AXPW is off 11.7% this month so far, while the S&P 500 is up 1.5%:

     

    http://yhoo.it/K6Epvr;range=3m;compare=^gsp...

     

    which means AXPW has underperformed the mkt by 13.2%. I didn't expect the price to fall this much, so I am surprised. And AXPW is off a whopping 30% since the beginning of May. No good way to spin that favorably, IMO.
    14 Jun 2012, 11:28 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1284) | Send Message
     
    compare their performance with other microcaps and it looks a little better.

     

    FDM, IWC, PSP, PWO, PZI, and WMCR all down 7-10 percent.
    14 Jun 2012, 11:48 PM Reply Like
  • D-inv
    , contributor
    Comments (4778) | Send Message
     
    :-) I didn't expect the share price to fall this much either or I would not have made my last purchase at $.41 in anticipation of positive news on AXPW business developments. But once the negative macro events and news cascade got underway I expected the share price to fall more than it has.

     

    Like your chart. Thanks.
    15 Jun 2012, 12:16 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    D-inv, I meant to add that the falling may not be over yet, so your expectations may still be met.

     

    tragic, yep, I picked the S&P for expediency only. There's always relative and absolute performance. Down 30% in 45 days sucks, anyway anyone tries to spin it.
    15 Jun 2012, 08:07 AM Reply Like
  • Bylo-
    , contributor
    Comments (426) | Send Message
     
    Yeah, but just wait 'till NEXT month when the PPS goes up 3 cents! Hoo Boy!
    15 Jun 2012, 11:50 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    Bylo: I'll take +10% all year long! :-))

     

    HardToLove
    15 Jun 2012, 11:50 AM Reply Like
  • Stilldazed
    , contributor
    Comments (3415) | Send Message
     
    I present this as an effort to lighten the mood here and as an example of the difference between perception and reality (and maybe back away from the Axion microscope for a few minutes).

     

    This one is dedicated to everyone who ever taught school, parented children, or served their country.

     

    A former sergeant, having served his time with the Marine Corps, took a new job as a school teacher, but just before the school year started he injured his back. He was required to wear a plaster cast around the upper part of his body.

     

    Fortunately, the cast fit under his shirt and wasn't noticeable.

     

    On the first day of school, he found himself assigned to the toughest students in the school.

     

    These punks, having already heard the new teacher was a former Marine, were leery of him and decided to see how tough he really was, before trying any pranks.

     

    Walking confidently into the rowdy classroom, the new teacher opened the window wide and sat down at his desk.

     

    When a strong breeze made his tie flap, he picked up a stapler and promptly stapled the tie to his chest.

     

    ......Dead silence...He had no trouble with discipline that year.
    14 Jun 2012, 09:39 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    Thanks Stilldazed. I am very familiar with the environment described and could see him and the classroom perfectly - too funny...

     

    PS I have a staple story, remind me at the shareholders meeting if you are attending...
    14 Jun 2012, 09:54 PM Reply Like
  • Stilldazed
    , contributor
    Comments (3415) | Send Message
     
    Hi Tim,
    I am unable to attend the meeting this year, but would love to hear the story.
    14 Jun 2012, 10:19 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Stilldazed, Nice!
    14 Jun 2012, 09:48 PM Reply Like
  • Johhny rambo
    , contributor
    Comments (127) | Send Message
     
    I am probably more frustrated than most on this board, just because of my high price of entry and the fact I have been involved for a very tiresome decade.
    I would not even be selling at $2.00, personally, it does me no use whatsoever, so watching it suffer daily, whether it is at .30c-42c-60c-90c, or whatever, it would still be woefully underperforming in my books.

     

    We need a gargantuan event to move this now, because of all the extra negatives that have come along while we have perhaps dawdled, and fumbled waiting for the perfect time to launch the perfect news.
    I just re watched the movie "The Edge" when Anthony Hopkins states that the reason most men die in the wilderness is from "shame" and not starvation, predators, hypothermia etc. It just reminded me that I am not going to die of shame with this stock, because I am already so far underwater, If I end up with it being at .30c or 0, for me it's the same damned thing, a gargantuan failure.
    So I am all in and just have to wait for the river card to see if I can win the hand, I have no choice now, so have stopped fretting daily, as it will drive you insane if you let it.
    I don't like it one little bit, but have to have faith, because the alternative isn't worth thinking about.

     

    TG lets get the job done once and for all , here's to a very upbeat AGM !
    14 Jun 2012, 11:00 PM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    I feel for you Johhny. I've only been invested for two years, so I can't imagine the frustration that people like you and John have, having had to watch this all unfold over so many years. As I've said in the past, my main advantage is that the money I have invested in the company is all retirement money, so I'm not denying myself of anything that I would otherwise have while I watch the stock price go up and down.
    As for the company, well I see it like I see the vegetable plants in my garden. In the Spring, you get out the tiller and the other heavy equipment and get the beds ready. Then you either start from seeds or you plant seedlings. Axion, to me, is like planting a seedling. You started with something that is real and visible, but isn't good for much unless it grows. You plant it, water it, and almost always, the first thing it does is lose some leaves, and look like it's dead. The first impulse is to get pissed off and pull it out of the ground and plant another seedling. This, of course is a mistake, because what you can't see is what is going on underground. The seedling doesn't care what it's leaves look like. All it cares about is growing its roots underground. So you leave it alone, other than to make sure it has the food and water it needs and you keep the bugs from eating it. Then one day it starts to take off and you can't believe that it's gone from a 4" seedling to a 2 ft plant in two weeks! But waiting for that to happen, and knowing it might not, that's what really tests your patience.
    15 Jun 2012, 10:09 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Oh, I almost forgot one of the most important things. Before you plant the seedling, you do your DD and make sure it's a variety that can grow in your climate and soil. You don't waste your time and money on something that can't grow where you plant it.
    15 Jun 2012, 10:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    OK, LabTech, but how do you treat hybrids?

     

    (Just going with the analogy here, I love analogies...)
    15 Jun 2012, 10:31 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I can't speak for Johnny rambo, but it's been pretty easy for me to remain patient because I spent four years getting to know Axion and the technology, and watching both mature. Today the biggest problem is boredom because things like testing and validation take so long and the potential customers are ultra-careful. I was terribly wrong in my initial assessment of how long it would take to nail the production process and get the PbC out into the market. I was also terribly wrong in assuming that Axion would start at the bottom of the battery user's food chain and eventually work its way to the top if the PbC was good enough.

     

    I suppose the initial plan would have been more pleasing to the news hounds because sales would have been 50 batteries here and a hundred there, a slow ramp into the low thousands and a long ramp to the hundreds of thousands.

     

    The PbC is turning out to be a far more robust technology than I ever imagined it could be. Knowing that makes the wait more tolerable.
    15 Jun 2012, 10:46 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Hybrids are fine, but only if you buy them from a local nursery that has been able to cultivate them for a few years in your locale. Going to HomeDepot and buying a hybrid that grows really well 3 temperature zones away from where you are going to plant it is wasting your time and money. Just because you want to grow it in your garden doesn't mean that it will.
    15 Jun 2012, 12:15 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    "Just because you want to grow it in your garden doesn't mean that it will."

     

    Analogy with hybrids and EVs still holding up...
    15 Jun 2012, 12:16 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    This may be of interest to some.

     

    Canadian gov't testing of the BMW 118d Diesel Start-Stop Technology

     

    3 degrees C = 37.5 degrees F

     

    http://bit.ly/MLODlK

     

    What would interest me is how a flooded/PBC SS system might allow for improving the lower temperature operation for SS. Living in a colder climate one realizes pretty quickly this could be of benefit for some regions looking to adopt this tech.

     

    Here's a PDF file with some additional information. Haven't fully digested it yet.

     

    http://bit.ly/MDVtt4
    14 Jun 2012, 11:43 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    iindelco,
    I've only had time to browse through this link, but interesting to see 10-13% improvement in fuel mileage in some of the tests as I was wondering about validity of tests carried out by OEM's. Wish they would run the same start/stop tests on a bi-monthly basis for two years as well as in different temperatures.
    15 Jun 2012, 07:04 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    IINDelco,
    Interesting to note that there was an increase in NO release in the system when the start-stop system was engaged and the vehicle underwent longer stop times. The hypothesis was that the catalytic converter was cooling during the off periods, and so not working at its max capacity which is found at higher temperatures. Would make one wonder if a future adaptation to the system would be a means to heat the catalytic converter to a specified temperature to ensure that it is always operating at highest efficiency?
    15 Jun 2012, 03:03 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Sorry Lab Tech, Missed your comment.

     

    There is no highest efficiency target per say. But governments have set lower limits and meeting these is non-negotiable. That it went up or down would be of note. But it would really be noted if you went below some government limit.

     

    I think I did post something awhile back regarding the government looking at how to handle this for vehicle certification. I'll see if I can find it.
    18 Jun 2012, 05:23 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    (AXPW) EOD
    # Trds: 39, MinTrSz: 200, MaxTrSz: 101000, Vol 434858, AvTrSz: 11150
    Min. Pr: 0.3000, Max Pr: 0.3090, VW Avg. Trade Pr: 0.3011
    # Buys, Shares: 13 87645, VW Avg Buy Pr: 0.3032
    # Sells, Shares: 26 347213, VW Avg Sell Pr: 0.3005
    # Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 1:3.96, DlyShts 50925, 11.7%

     

    Note the absolute daily short volume, as well as the short percentage, is overall trending down regardless of the general trend up in total volume. Knowing it's likely many retail investors are exiting positions I think this suggests the shares held at brokerages owning market-maker services are hitting the market-maker portfolios immediately, reducing the need for sell orders to be flagged as short sales. Some of this might be from the Mega-C bankruptcy shares as well, but we can't ever know that.

     

    TVol., ShVol, Sh %
    198.6 053.8 27.1
    588.2 136.1 23.1
    096.7 019.0 19.7
    434.9 050.9 11.7

     

    I would like to say that we must be near a turn as the tendency is for the retail investors to get out at or near the bottom. But that would be too trite, as well as an unreliable indicator of anything, knowing about the bankruptcy shares and ...

     

    JP also posted that another Form-4 was filed by Quercus for 850K shares to be put into the market as well. Have they already begun?

     

    This poor stock just can't catch a break. It feels like "piling on" doesn't it?

     

    The average trade size was quite large, relative to what's been seen in the past, with 10, 25 and 50-day averages currently running 5555, 5633 and 5248 respectively. Today's average size was approximately double all those averages. It would be nice to suggest that the single 101K trade skewed the results but 16 of the day's 39 trades were well above all of those averages.

     

    Considered in light of the buy:sell ratio, 80% sells (10, 25 and 50-day averages center around 50%), I'd like to say this looks like a bottom. But knowing the things that are *not* reflected in charts of any kind, I can't reach that conclusion here. We need to see reducing volume and average trade size combined with some sideways price movement to even start looking for this. A daily short sales bottom and turn up is probably needed too.

     

    MHO,
    HardToLove
    15 Jun 2012, 12:59 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    HTL wrote: "This poor stock just can't catch a break. It feels like "piling on" doesn't it?"

     

    How about a yellow flag and a $.15 penalty for unsportsmanlike conduct.
    15 Jun 2012, 02:15 AM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Way OT,
    But this guy singing his drive-in order at Sonic brought a smile to my face.

     

    http://bit.ly/KyR8No
    15 Jun 2012, 07:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    The Quercus sales are slated to start today, according to their filing which showed a sale date of June 15...
    15 Jun 2012, 08:37 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    If it was me, "Red Card". I used to coach, ref and play a lot of "soccer". As a ref, I was *not* ignored. My job was to make the game safe and enjoyable for all on the field and I took my job quite seriously.

     

    I was one of those that ran the field with the players the whole game so I was always "in position".

     

    HardToLove
    15 Jun 2012, 08:51 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    If they're reading this, I'll take a big chunk of their 850k for 15 cents. Just let me know.
    15 Jun 2012, 08:54 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    MrI: I think it was you that noted last time around that the price action seemed more "professionally" managed, so I would fall off my chair if we saw that! :-))

     

    Uh ... after also executing my "buy" order.

     

    HardToLove
    15 Jun 2012, 09:07 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    HTL, I expect them to stick to their 10% of daily volume approach, but hey, my offer was worth 10 seconds to type it. 8^)
    15 Jun 2012, 09:30 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >tripleblack ... How simply wonderful to wake to such a cheery tidbit of news. Onward in search of a floor.
    15 Jun 2012, 08:59 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    We knew they were coming. Now we see what sort of impact they have...
    15 Jun 2012, 09:02 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >tripleblack ... Yes, I knew. You knew ... we all knew. I'm just looking around for something ... anything ... that is not just crushingly depressive or manic insanity. Maybe I'll go to reread Dostoevsky's Crime and Punishment for an uplifting endeavor today.
    15 Jun 2012, 09:13 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Moby Dick... Those knot recipes can come in handy...
    15 Jun 2012, 09:33 AM Reply Like
  • jakurtz
    , contributor
    Comments (1959) | Send Message
     
    The bright young Raskolnikov traversing the limits of intellectual elitism can lift anyone's spirits.
    15 Jun 2012, 09:35 AM Reply Like
  • jakurtz
    , contributor
    Comments (1959) | Send Message
     
    I honestly saw no difference in selling pressure between when they were selling and when they stopped. They are as gentle as...whats that saying?..a popcorn puff?
    15 Jun 2012, 09:37 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I'm less concerned with Quercus' behavior than I am the bankruptcy trustee. I honestly think Quercus cares and wants to satisfy its needs without inflicting undue damage. I can't say the same for the bankruptcy trustee.
    15 Jun 2012, 09:42 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    It is always darkest just before the dawn, kids.
    15 Jun 2012, 10:02 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Perhaps a bit of Kafka?
    15 Jun 2012, 12:21 PM Reply Like
  • thotdoc
    , contributor
    Comments (1958) | Send Message
     
    I believe many of us will use a much lowered price to add to our collections. JP's idea of the consortium prompted me to re-consider more purchases; so that door has opened again for me.

     

    Do people here have an idea of a price that would open the flood gates of buying, where greed would throw fear to the wolves?
    15 Jun 2012, 09:59 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    thotdoc,

     

    I agree.

     

    No, they don't. Everyone would just be guessing. He's mine: 15 cents and 50 cents.
    15 Jun 2012, 10:19 AM Reply Like
  • thotdoc
    , contributor
    Comments (1958) | Send Message
     
    Wow....15 cents.

     

    Imagine, greed says "HS Batman, this could make you rich, dive in with all hands and feet;" fear says, "F, what have I done...again? Why do I keep doing this?'

     

    I didn't understand the 50 cents. Is that the sell price?

     

    15 Jun 2012, 11:10 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >thotdoc ... Where is the buy line? Where is Support? I wish I could tell you, but I can give you ranges as I see them.

     

    Book value is the only visible natural support @ $0.10. Liquidation "fair value" (by my reckoning) is @$0.36 - $0.44. A forward valuation on visible revenue streams (again by my reckoning) is @$0.52-$0.67. Any additional "inked" production as currently speculated upon could take the price to ~$0.74-$0.87 ( a real WAG on my part).

     

    Now the adjustments for any kind of growth multiple or discount for a capital raise or just plain insane exuberance are there to be used as the imagination allows.
    15 Jun 2012, 11:18 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    thotdoc,

     

    I think the flood gates open at a couple of price points--one low and one high, at a minimum. The high one is such that a lot more confidence in the stock's behavior is restored. We'd be out of the doldrums, I'd guess that others would think.

     

    And the low one is low enough for people to think it's ok to throw caution to the wind, I'd guess. All the stock overhangs, back-end loaded sales numbers, onesy sales here and there, competitive threats, lack of visibility, etc., would be dismissed enough.
    15 Jun 2012, 11:39 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    thotdoc,

     

    You're the psychologist. You should understand the human emotion impact better than most here.

     

    Surely the market does not trade on fundamentals alone. I'd guess that applies more / less at various times with us moving in the more direction right about now.

     

    So where's your order today? Waiting at the "Greek tragedy" pp.

     

    http://bit.ly/ORkvZ8
    15 Jun 2012, 11:42 AM Reply Like
  • thotdoc
    , contributor
    Comments (1958) | Send Message
     
    For me, buying stock is a little like raising kids. It's easier to give others advice about how to raise their kids, than follow the advice one gives others. So, I think I do understand my points of entry and egress. I'm asking the group what are their points. BTW, I finally got what the 50 cents meant.

     

    With regard to being a Psychologist and having some information others likely don't, I have a book about to be published: No More Faceplants, that teaches: 1) Why we act as we do, 2) Why we can't just be different when we decide to be different and want to be different, and 3) that understanding the answers to 1 and 2, can allow us to become different.

     

    NMF is based on research by over 3000 Psychologists and brain scan specialists in 50 countries on a behavioral model known as Attachment Theory. When the book is out, my plan is to start a blog that looks at the self defeating behavior of investors that is created by problem patterns in their Attachment Strategy.
    15 Jun 2012, 12:23 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    thotdoc,

     

    Good luck on the book.

     

    I have a psychologist friend who started a company that works with (investment) traders. Let me know if you'd like her name.
    15 Jun 2012, 12:35 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Sounds like it applies to voters as well, obviously. (Wait, isn't investing a form of voting!)

     

    The election cycle;

     

    The message." I promise you........"

     

    The result. Mostly failure.

     

    Rinse and repeat.

     

    What's the definition of insanity?

     

    Anyway, my point to think about as you make your decision. (I like Mercy and others don't give advice on when to buy or sell because it would be inappropriate to do so as I don't know all the factors involved with the individual investor. Plus it's not my bag). Aren't low cost solutions actually advantaged by economic contractions? Not perfectly sure about AXPW on when they will succeed and reward investors based on individual points of entry but I'm sure as heck not touching AONE. But alas this is a fundamental reason and not the answer to what depth one might set their hook at.
    15 Jun 2012, 12:42 PM Reply Like
  • thotdoc
    , contributor
    Comments (1958) | Send Message
     
    Thank you, that'd be great. gordon@wolfconsultingg...
    15 Jun 2012, 02:26 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    Gee, I can't think of anyone who might have problem patterns in their Attachment Strategy. Sounds almost like a requirement to be an Axionista.
    15 Jun 2012, 02:36 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    thotdoc,

     

    I "PM"'d you some info instead. Hope it's helpful.
    15 Jun 2012, 02:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    Inverted Metro? The strategy is a *result* of the attachment, not the cause. Ergo, we become attached and then either 1) develop a strategy to remain attached or 2) abandon all strategies and just increase attachment regardless. ;-))

     

    We use the same "cure" that our government uses to solve debt problems - increased debt. We increase the attachment. :-))

     

    HardToLove
    15 Jun 2012, 03:04 PM Reply Like
  • thotdoc
    , contributor
    Comments (1958) | Send Message
     
    HTL-
    Right from birth, we're genetically predispositioned to be comfortable with, or uncomfortable with emotional stimulation, that's the beginning of our Attachment Strategy. We are also genetically predispositioned to seek proximity to larger people who can care for us. These larger people have more well developed Attachment Strategies, and it all goes right or wrong from there in the interaction.
    15 Jun 2012, 11:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I just kicked the hornet's nest again with "Tesla Motors; Automaker or Graphic Novel."

     

    It should hit the main pages momentarily.
    15 Jun 2012, 10:48 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >JP ... You must be really, really bored.
    15 Jun 2012, 10:58 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    My wife's been in the States for two weeks with a dog and pony show for her new project. That leaves me alone with five cats and a computer. The good news is that Rachel and her partner are getting good traction from unexpected quarters, but she won't be home for another week and a half so I need to keep myself amused. Besides, the Elon Musk graphic that I linked in the article is too bizarre for words.

     

    http://bit.ly/LJuUrc

     

    It's a big file to load, but definitely worth the time
    15 Jun 2012, 11:02 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    http://seekingalpha.co...

     

    Link to JP's new article.
    15 Jun 2012, 11:35 AM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    John, I think it wise of you getting away from your old stomping ground given your recent writing interests and the influx of Africanized bees into the Southern US.
    15 Jun 2012, 12:54 PM Reply Like
  • magounsq
    , contributor
    Comments (956) | Send Message
     
    John

     

    At the risk of sounding like I'm late to the party, I suspect there is a growing agenda/impetus of pro TSLA/EV articles in response to your articles.
    And of course you're their favorite whipping boy!

     

    I read them thinking I must be missing something due to the TSLA pps... but posts are mainly emotional arguments than substance.
    16 Jun 2012, 10:51 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Have you noticed how well behaved I am when other SA contributors write articles I disagree with?

     

    If I comment at all, it's one time and limited to a sentence or two.
    16 Jun 2012, 10:53 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    So I was thinking about what our facilities are worth, and by extension what a rock bottom price of the stock SHOULD be.

     

    I'm having some issues with bangwhiz's search function (which I've notified him about,) so I need some help.

     

    I know about this one:
    http://bit.ly/MccxWs

     

    (and I would also be interested in people zooming in to the max in the satellite view and tell me what you see on the "edges" of the plant)

     

    I thought there was a second one (in reference to the recent "complaints/observations" about the Annual Meeting tours) ... can someone help me with the exact address? Or were we just talking about 2 different "buildings" at the same address?

     

    If there's a second, I'd like to zoom in there also!

     

    Does the annual report give you good estimates of plant and equipment value?

     

    Would East Penn be the most likely or only bidder for the facilities? Are they too small for the "big boys? (Exide and JCI) to be interested in?

     

    Please note I'm not trying to scare anyone. I'm just trying to look at valuation components.
    15 Jun 2012, 11:34 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3217) | Send Message
     
    wtb,

     

    The two facilities that I visited in March 2012 were 1) the HQ, which is the subset of bldgs on the north end of the set of bldgs just southwest of where Clover Ln meets Wilmington.Rd. The biggest Axion bldgs have dark roofs; the smaller bldgs in the back, forming kind off a small case 'r', have white ones., and 2) the other plant, where they have the PbC line I think, which is at the NW corner of Glen and Wilmington, about 1/2 mile N of HQ. IIRC, it's the building that looks like the number 4 on a die (or whatever the singular of 'dice' is, lol).

     

    The building to the south of HQ is a golf cart company; all the little white things are golf carts, mostly if not all, with white canopies. Not sure if that was Vani's first stop as VP, on a couple of levels. 8^)
    15 Jun 2012, 12:17 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    "Listen to What Market is Saying: EVs, Hybrids Are Flops"

     

    http://bit.ly/ORlNU6
    15 Jun 2012, 11:45 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Yep Indelco - the market just isn't there. What's the next thing to go in the trash? Probably the word "green" unless applied to paper in your wallet.
    15 Jun 2012, 12:00 PM Reply Like
  • D Lane
    , contributor
    Comments (1685) | Send Message
     
    The market is there for the Prius.
    Lincoln buyers probably are a demographic less interested than most in fuel economy.
    15 Jun 2012, 12:35 PM Reply Like
  • D-inv
    , contributor
    Comments (4778) | Send Message
     
    iind > http://bit.ly/ORlNU6

     

    From the article
    <
    Here’s a very telling anecdote. For two years, Lincoln has offered the MKZ hybrid at no extra cost compared to the V-6 gasoline model. And yet the take rate on the HEV version is only 20%. Four out of five buyers reject the hybrid model even when they don’t have to pay extra.
    <
    15 Jun 2012, 11:58 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It's certainly a great example of why I'll take a regulation driven market like stop-start over a consumer driven market like HEVs and EVs every time.
    15 Jun 2012, 12:10 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    All, I often wonder how much of the lack of take-up on some of this technology stems from the lasting impact of people getting sc--ed by the automaker of ones choice in the past. Let's face it. Many of the auto companies put some real dogs out while promising the world. When you look at the amount of money involved you can pretty much understand why someone would take a "Fool me once shame on you. Fool me twice...." attitude when it comes to the latest and greatest since sliced bread tech. Once you've gotten taken, given the financial hardship it would put on many, you'll never forget it. I bet it's pretty significant.
    15 Jun 2012, 12:23 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    East Penn & Ecoult Launch PJM Regulation Services Project with DOE Support to Demonstrate the Advantages of Deka UltraBattery(R) Technology

     

    the official PR and announcement:

     

    http://prn.to/KrLAD8
    15 Jun 2012, 12:31 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    snarl, growl, flick chin - the classic neanderthal response.
    15 Jun 2012, 12:41 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    metro,

     

    All puffery.

     

    Kick something, hard! (Not living and soft or hard and low mass but not affixed). You have choices.
    15 Jun 2012, 01:09 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    When I was little, my neighbor got mad at a pig and kicked at it, missed, broke his foot on a metal trough and was on crutches for several weeks. Haven't forgot that lesson.
    15 Jun 2012, 01:27 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    When anger overcomes common sense and even the most rudimentary understanding of physics.

     

    Pig 1 human 0. Not a common occurrence.
    15 Jun 2012, 01:34 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    The American Recovery and Reinvestment Act of 2009 provided funding for smart grid projects across the United States. This section contains information, locations and data for each project. Click on a location on the map, the name of a project, or use the search feature to view the project information.

     

    here's the list of 16, of which East Penn was one:
    http://bit.ly/LLHLXI
    15 Jun 2012, 01:34 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    I see it as a Good thing for our lead carbon cousin to be gaining traction and therefore exposure for us. Also, we can build an UB but they can't build a PbC (1 AGM + 1 PbC = 2 UB). Once you start stringing batteries together you end up building 1 larger battery...
    15 Jun 2012, 01:46 PM Reply Like
  • Tampa Ted
    , contributor
    Comments (2652) | Send Message
     
    Interesting that they are using Dynapower

     

    http://bit.ly/LnFuCo
    15 Jun 2012, 02:14 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    I thought capacitors outlasted batteries? ;)
    15 Jun 2012, 02:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    They do,,, except when they don't.
    15 Jun 2012, 02:25 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    While pursuing his bull through our farmyard on his motorcycle, he also lost out to our #9 wire clothesline. It stretched a few feet before yanking him off so that probably cushioned the impact. All while we were watching out the picture window eating breakfast.
    Clothesline 1, Human 0.
    15 Jun 2012, 02:26 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    As a child, I was running through the yard full speed and forgot about the clotheslines that ran right at my eye level.

     

    Scabs across the bridge of the nose and corners of the eyes took a couple weeks to go completely away.

     

    Clothesline 2 human 0.

     

    HardToLove
    15 Jun 2012, 02:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I've always wondered why your species died out so quickly. Now I understand, stupid pig and motorcycle tricks.
    15 Jun 2012, 02:34 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    HTL, I had the same experience in a neighbors yard. When you get up you realize as you're assessing the damage that you're lucky the line wasn't "lined up" with your throat. Even worse than the embarrassment of walking around with scabs on your face that are obvious.

     

    Clothesline 3 human 0

     

    Not as bad as the outcome can be with the added kinetic energy offered by a powered device though.
    15 Jun 2012, 02:45 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Those darned laws of physics are stubborn little cusses.
    15 Jun 2012, 02:52 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    I'm not sure what grade that would get you on an Anthropology test asking for reasons why the neanderthal died out.
    15 Jun 2012, 03:08 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19398) | Send Message
     
    John, uh ... *pigs* are intelligent! ;-))

     

    HardToLove
    15 Jun 2012, 03:12 PM Reply Like
  • iindelco
    , contributor
    Comments (10233) | Send Message
     
    Yeah, everyone knows it was bier and snowmobiles!

     

    I say bier because even neanderthal's would not go the American route and turn beer into water. The neanderthal's would prosecute for that. They had common sense.
    15 Jun 2012, 03:13 PM Reply Like
  • metroneanderthal
    , contributor
    Comments (1425) | Send Message
     
    iindelco,
    You've never tried a delicious Blue Moon beer.

     

    http://bit.ly/Md4icI
    15 Jun 2012, 03:24 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Even among friends I get no respect.
    15 Jun 2012, 03:25 PM Reply Like
  • D Lane
    , contributor