Seeking Alpha

Mayascribe's  Instablog

Mayascribe
Send Message
Trade stocks by day, and at night am writing a historical epic about the ancient Mayan civilization. "Maya: Spirits Of The Jaguar" is a sweeping saga set in the ancient and magical Mayan landscape where a wronged family struggles against prophecy, power, treachery and forbidden love,... More
  • Axion Concentrator 55: Beginning Jan. 26, 2011, John Petersen's Article On FINRA Data 206 comments
    Jan 26, 2012 5:47 PM
    John Petersen

    A few days ago I wrote an article discussing the FINRA Market Maker Short Sale data that H. T. Love was kind enough to share with me. I spent the weekend slicing and dicing with the data trying to get a better feel for when various selling stockholders influenced the market and what their relative impact was. My working thesis is that shares held by Blackrock, Manatuck Hill and one-quarter of the 2009 private placement purchasers are in strong hands while the following stockholders or stockholder classes have been pressuring the market over the last 21 months.

    (click box to enlarge)

    Working from the FINRA data, I calculated the number of shares that flowed into the market during each quarter starting with Q2-2010. Then I allocated the selling volume to Special Situations and Quercus based on their SEC reports. All sales that couldn't be specifically allocated ended up in the unknown column. The only number that's an outright guess, rather than documented fact, is Q4-2011 sales by Special Situations, which I've highlighted in red.

    (click box to enlarge)

    The relevance of this kind of analysis is that it offers fascinating insight into when the selling pressure was exerted and by whom. Reporting stockholders like Quercus and, to a lesser extent Special Situations, draw the bulk of the attention (and blame) because they report their activities to the SEC. In reality, the substantial bulk of the pressure came from invisible hands that were in there pushing and shoving around the exit along with the big boys. Like I observed last week, it's been like a fire drill in a sumo training stable.

    The importance of this kind of analysis is that it shows why the selling pressures of the past are not likely to be repeated in the future. I was surprised to see that the heaviest selling activity occurred during the Q1-2011 run up and the Q2-2011 run down. In both intervals the heavy hands weren't Quercus and Special Situations. Instead the bulk of the shares that flowed into the market came from the invisible hands.

    On a go forward basis I see the market as more supply constrained. The remaining shares that are potentially available for sale break down as follows:

    The Quercus Trust2,530,851
    Blackrock7,150,000
    Manatuck Hill7,200,000
    Strong 2009 Investors3,600,000
    Total20,480,851

    Quercus has been very consistent in its selling and I think we can plan on it accounting for 10% of trading volume until the last of its shares are sold. I believe the other potential sellers are more likely to hold, particularly if the price continues to firm. That belief and $5 will buy you a cup of coffee at Starbucks. Since total trading volume in 2011 was 77.7 million shares, as compared with 22 million shares in 2010, the market must find equilibrium soon.

    ####

    This is a no troll zone. Any disruptive comments will be removed.

Back To Mayascribe's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (206)
Track new comments
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » Last comment in the previous Concentrator from WDD:

     

    Fun with satellites.

     

    I called up imagery of my favorite New Castle manufacturing plant--the place looks deep in pallets (in keeping with Maya's earlier on-site report). But coming or going (or both)? Zooming out a little, there appears to be several farm houses nearby. I'd help mow a couple of fields in exchange for an accurate first-hand report on truck traffic.

     

    I guess a webcam might be a little over the top?

     

    Sigh. Cue up Carly Simon, "Anticipation".
    26 Jan 2012, 05:48 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » Please remember to thumbs up this Concentrator. Thanks!
    26 Jan 2012, 07:56 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1704) | Send Message
     
    Maya... This concentrator just went up and you already have 50 thumbs up as I write this. I think my "passive followership" is ringing true!
    27 Jan 2012, 02:14 AM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » No way! Honestly? I don't want to look upward.

     

    Okay...I did.

     

    Sheesh.
    27 Jan 2012, 02:23 AM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » Appreciate all the help in fighting the troll.
    26 Jan 2012, 07:57 PM Reply Like
  • D-inv
    , contributor
    Comments (4181) | Send Message
     
    Something Axionistas might enjoy. Visit http://tinyurl.com/6wa... and scroll down to the eighth item on the search list.
    26 Jan 2012, 09:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    (AXPW): 1/26/2012 EOD stuff I've been tracking.

     

    My initial thoughts, reflected in the next few paragraphs, were all happy-happy. But as I did my usual associative processing, I saw a *suggestion* that Quercus might be back in. Recall that I said they were apparently "selling smarter"? Well if they are back, the only suggestion of that I can see is in the short percentage, detailed below.

     

    *If* they are back, we might start another darn consolidation right here! This would suggest another small re-trace - maybe to $0.55/$0.56 at worst? I guess it would depend on how long they stay in and how much they're anxious to unload here. The possibility crops up when I start discussing the short sales percentages.

     

    If, if, if, ...

     

    Anyway, here's my usual summary, with some additional thoughts leading to the Quercus question.

     

    Buy, sell and unknown ended at 194,118, 76,422, and 33,307 respectively, giving total volume for the day of 303,847. Buy:sell ended at 2.54:1 and buy:(sell+unknown) at 1.77:1.

     

    We apparently broke out of consolidation today. From the open to the close, it was a pretty steady march upwards with only small transactions going off.

     

    We may have some stability in behavior for a little while. Volume down today ~8% (continuing the reduction in volume), short sales down ~16% (also continuing trend - the market-maker likely received some shares from prior days' sell orders when we had higher volume (three days ago, 1/24, 677,878 shares?) into his portfolio) and buy:sell is down ~21%.

     

    Considering that we were trying to move beyond a known resistance that held us up for two days, the drop in the buy:sell doesn't bother me here. But the continuing reduction in the buy:sell *does* suggest either buyers are becoming exhausted or sellers are becoming more dominant.

     

    Price doesn't yet support the latter scenario so the former seems more likely, regardless of price action. Remember that buy:sell only reflects whether the trade went at the ask, bid or in between. So if trades go when there's a very narrow spread (someone sneaks an offer in just above the best bid and somebody hits it), it's shown as a buy even though in all practicality it was really the equivalent of a sell.

     

    There were a lot of trades, although not a majority, that had a bid/ask spread of around a half penny, quite a few more with bid/ask spread at less than a penny at the time of the trade.

     

    Looking at today's transactions, I'm convinced that larger buying is out of the market right now and mostly retail buyers are at work. This is because we see no evidence of larger blocks trading hands (largest single transaction today was 15.36K) and volume is slowly falling. This was touched upon in a couple other comments in the concentrator.

     

    If this is true, price support could be fragile here.

     

    I am pleased to see volume and short sales reasonably paralleling each other. That may indicate there's nothing exceptional going on from the sell side. Business as usual.

     

    I am *not* pleased to note that RSI still is below the 1/11 value of 89.43 even as we hit higher open, close, low, and high. Today it finished at 77.77. Since volume is certainly an influence, maybe I shouldn't be concerned with this. But more experienced TA folks than I *do* worry about such negative divergences. I guess this relates to volume being the "truth teller".

     

    But the other TA oscillators are mostly still improving or staying level so far.

     

    Speaking of short sales percentage, it occurred to me that my 36% normal from 10/3/11-12/xx/11 might be no longer applicable. So a more recent average that incorporates the increased volume seen the last couple of months would seem appropriate.

     

    HOT DAMN! Those graphs I made have data already in spreadsheets - this will take even less effort. ... ?? Interesting!

     

    In spite of the change in volume, short sales percentage average 12/1/11-1/26/12 is near the old value - 36.39%. From my charts through 1/26 (added data but haven't updated the charts yet), the 10-day average is 42% and the 25-day average is 38%.

     

    Thinking about sell orders entering every day and shares being delivered into market-maker control, on average, within three trading days required by rule), with some exceptions allowed), this makes sense - roughly 1/3 of sell orders outstanding (so to speak) arrive into the market-maker control each day, on average.

     

    It's interesting to me that the seven days below are higher, at ~49.2% and if 1/18 is taken out that percentage jumps quite a bit. The 49% is not a large variaton, but one has to ask why. Holidays are well into the past so there shouldn't be abnormal delays in delivering shares to the market-maker.

     

    Could this suggest that JP's conversion of physical certificates to electronic form is in play? If so, does that mean Quercus is back in the market? I've added the prior seven days *AFTER* the current seven so we can compare them.

     

    It looks suggestive - the prior seven days averaged only 40.16% - pretty much "normal".

     

    I think Quercus might be here again.

     

    Any thoughts that might counter this?

     

    0118 Vol 0473580, Sht 0028000 05.91% LHC 0.4201 0.4900 0.4350 b:s 1:2.48
    0119 Vol 0575695, Sht 0215158 37.37% LHC 0.4201 0.4900 0.4350 b:s 1:2.48
    0120 Vol 0341334, Sht 0244934 71.76% LHC 0.4201 0.4900 0.4350 b:s 1:2.48
    0123 Vol 0199038, Sht 0126503 63.56% LHC 0.4752 0.5050 0.4950 b:s 9.42:1
    0124 Vol 0677878, Sht 0352177 51.95% LHC 0.4810 0.5900 0.5400 b:s 5.06:1
    0125 Vol 0330462, Sht 0195966 59.30% LHC 0.5500 0.5999 0.5850 b:s 3.20:1
    0126 Vol 0303847, Sht 0164697 54.20% LHC 0.5700 0.6400 0.6400 b:s 2.54:1

     

    0106 Vol 1166583, Sht 0465727 39.92% LHC 0.3851 0.4499 0.41 b:s 1.15:1
    0109 Vol 0757103, Sht 0235677 31.13% LHC 0.4000 0.4399 0.43 b:s 1:1.08
    0110 Vol 0464394, Sht 0261409 56.29% LHC 0.4300 0.4600 0.46 b:s 2.99:1
    0111 Vol 1060818, Sht 0546788 51.54% LHC 0.4700 0.5800 0.58 b:s N/A
    0112 Vol 1432590, Sht 0649648 39.67% LHC 0.4900 0.5900 0.51 b:s 1.20:1
    0113 Vol 0557629, Sht 0288831 43.21% LHC 0.4900 0.5100 0.50 b:s 1.67:1
    0117 Vol 0318302, Sht 0070167 22.04% LHC 0.4800 0.5000 0.4801 b:s 1:3.66

     

    HardToLove
    26 Jan 2012, 09:52 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    HTL, If Quercus or anyone else is in they are only helping to feed a very hungry market. It is in Quercus' and any other large holders best interest to allow the price to appreciate as high as possible without interfering knowing there is a financing round coming. The higher the price, the less shares will be issued at the offering; it only takes 14M shares to raise $28M at $2 rather than 28M shares at $1. I believe Quercus and any other large holder that may have been selling stopped earlier this month for that reason.
    26 Jan 2012, 10:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    That's what I'm hoping. But from what JP has posted, Quercus is not selling for their future gain, but to generate cash to support other needy investments.

     

    In such a case, the timing of sales and the better price in the future may not be the driving concern.

     

    But if you are correct, I'm still stuck wondering why the short sales percentages are looking the way they do and why there seems to be a variance out of normal range.

     

    Will probably never know *unless* it turns out Quercus was in and we see a form 4 down the road again.

     

    Maybe I shouldn't discount SS or another. Maybe SS didn't get completely out and still has some dregs left to dispose.

     

    HardToLove
    26 Jan 2012, 11:06 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    HTL> "This is because we see no evidence of larger blocks trading hands (largest single transaction today was 15.36K) and volume is slowly falling." That 15.36K was my transaction selling my mother's shares. It was an all or none transaction at limit .62 and it went fast. Less than a minute.
    26 Jan 2012, 11:07 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    BW: I remembered that but didn't want to repeat the (bad, sort of?) news. If we back your sale out, the largest was 13K.

     

    HardToLove
    26 Jan 2012, 11:11 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    I guess it does not matter to me anymore because their is little or no adverse effect and I do not believe their will be again, but I can understand the interest.
    26 Jan 2012, 11:26 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    I don't think we can assume there isn't any "big" accumulation going on just because there aren't any big block transactions.

     

    Especially with the reduction in volume, you may not want to show your hand to the market makers, and instead use some type of trading automation to accumulate in smaller blocks.
    27 Jan 2012, 12:47 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2296) | Send Message
     
    wt, I agree with you. My bigger bloc "bid leverage" works on price down trends -- but not when the trend is up. As HTL mentions above, the better indicator is total intra-day volume.
    27 Jan 2012, 08:18 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    HTL,
    Taking out the high grade analytics I have this to say. Wow. Its great to be double from the bottom and seeing no more than adequate volume. Since new sellers don't appear in great numbers at $.60 I have to think large selling is over. Not much interest from Buyers over $.64 either.
    So at this stage everyone is resting. Thinking. Trying to determine the value. I keep it simple. The factory and patents are worth at least 85 Million. Thats a buck a share.
    If you believe Axion is going broke, due to lack of financing, then $.60 is still a bargain. If you believe they are going to sell PbCs, then hang on to your hats.

     

    Really there is nothing more complicated about this stock than that.

     

    I know I'm on to something good. All the folks that didn't buy when I suggested it at $.30. Well they all think I should sell now at $.60.

     

    Yeah, like those who didn't buy any at all know when to sell.

     

    BTW, I do appreciate your analysis. I simply don't understand it.
    26 Jan 2012, 10:03 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    Futurist: "BTW, I do appreciate your analysis. I simply don't understand it".

     

    I'm in that boat with FA. Never studied it, have read some about it as part of learning but until I start applying it regularly I always have to look at some document.

     

    Since I had a tech background, this seemed the fastest path for me to get started.

     

    So I contribute what I can and rely heavily on what folks like you offer to fill in those holes that I have.

     

    I don't say it enough, but folks that offer such as what you have offered are *invaluable* for one like me.

     

    To each and every one, my deep appreciation!

     

    HardToLove
    26 Jan 2012, 10:16 PM Reply Like
  • bazooooka
    , contributor
    Comments (3246) | Send Message
     
    HTL, you do great work but just don't over think it. In my trading days I used to make some nice scalps. However my biggest gains were when I had the tiger by the tail and never let go. If your lucky enough to have a big trading block averaged in around .50 (or lower) I'd just set a stop and watch that thing double/triple in time. I don't expect another down draft into the .40s. There's mojo behind this thing now =)
    27 Jan 2012, 03:05 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Futurist, you took the words right out of my mouth regarding those who didn't know to buy at .30 thinking they know when to sell.

     

    It frustrates me to no end.

     

    I never tell anyone what to do, I've never told anyone to buy AXPW. I merely tell them what I'm into and why I'm so excited about it.

     

    Then they ask me when I plan to sell. What? That's like trading away Michael Jordan after his rookie season.

     

    D
    27 Jan 2012, 08:46 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    Bazooka, your "tiger by the tail" is what I think is at work. My double up at $0.30 moved my average on two accounts to the low-$04.x and I'm feeling that I might let the whole thing run for longer than I had initially thought.

     

    What sparked this potential change was the feeling that somewhere around the time I would start riding house money, we ought to be getting the PR and news that's going to rocket this little beauty.

     

    Then I'd have the pleasure of trying to kick myself in the butt for getting too "cutesy" and missing about half the possible gain.

     

    I can live with missing a little bit but I don't want to a really big chunk. Did that in the past, not from cutesiness, but from being really cautious as an effect of being really ravaged when I first started.

     

    Time and attempts to learn have ameliorated that a fair amount.

     

    HardToLove
    27 Jan 2012, 08:49 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    The hard part isn't selling a trading block.

     

    The hard part is buying back in when it's clear you were "wrong."

     

    Or "early" as we like to say :-)
    27 Jan 2012, 10:11 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    I ran across this article from last spring. I don't recall seeing it but I'm sure some of you had seen it. No new information but just another nugget of information from Granville as to how long testing has been going on, ect.
    http://bit.ly/yb7Zf4

     

    My question is this.
    who is Earthrise Capital? I don't recall them as buyers of the 2009 private stock placement. The editors name seems familiar.
    Since I have worked the last 32 days straight I am running on fumes,so this is probably not real news. But I would appreciate any clarification of earthrise capital.
    26 Jan 2012, 10:18 PM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    Futurist,
    Others can correct me if I'm wrong, but Earthrise Capital is basically the same as Special Sits. I know I've seen this document before, and I'm almost sure it was connected to Special Sits.
    26 Jan 2012, 10:30 PM Reply Like
  • D-inv
    , contributor
    Comments (4181) | Send Message
     
    Thanks for that link, Futurist. The document provides the most info I have seen on pricing of PbC batteries. From page 2 of the document,
    <
    Earthrise: What is the pricing relative to lead acid batteries and relative to lithium-ion and nickel metal hydride?

     

    Granville: A top of the line advanced lead acid battery sells for $240-$260 and Axion's battery will command some premium over that. Axion's battery is about one third the price of a lithium-ion or a nickel metal hydride battery solution.
    <
    26 Jan 2012, 11:14 PM Reply Like
  • bazooooka
    , contributor
    Comments (3246) | Send Message
     
    They are not related to SS as far as I know. Anyhow they've written about Axion many times in past. Also you'd have to think they have a powerful network of friends who they have mentioned Axion to.

     

    Axion buyers are much more then Axionistas. =) Here is their latest from a few months back. Their nice guys and gals and will occasionally respond to an email. Good digging.

     

    http://bit.ly/yWITNB
    27 Jan 2012, 03:31 AM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2661) | Send Message
     
    Gotta love the DD on these concentrators. ...
    27 Jan 2012, 09:12 AM Reply Like
  • jveal
    , contributor
    Comments (659) | Send Message
     
    This Concentrator has totally transformed the way I will do investing. My DD previously involved reading as many news and opinion articles as I could on a stock and comparing simple price graphs. Many times I was duped by paid advertisements that looked like news articles. The refreshing thing about Axion is that the company has done the opposite of paid hype. JP's articles have been descriptive of the company and industry while keeping most of his exuberance for the Concentrator. The back and forth discussion between everyone on this site has educated me on a lot of things I would have never thought about. Even though I don't understand many of the details of what HT writes, I get the gist of what he is doing. I realize that most people have to pay for this kind of daily analysis.

     

    I do believe that JP and Maya started a revolution (following those in the original chat on SA) that will transform investment, especially in new companies like Axion. There is no way I would have had the nerve to continue investing in Axion when it hit 25 cents without this blog. I was able to average down to $0.375. Thanks again to all of you.
    27 Jan 2012, 09:34 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    You're welcome. :)
    27 Jan 2012, 09:51 AM Reply Like
  • magounsq
    , contributor
    Comments (988) | Send Message
     
    jveal...agreed!
    I believe Mercy asked on a blog about what commenters learned from 2012.
    I think you captured it well.
    27 Jan 2012, 12:14 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (774) | Send Message
     
    2011.
    27 Jan 2012, 12:58 PM Reply Like
  • rastros
    , contributor
    Comments (38) | Send Message
     
    As a "mostly lurker", I'd like to strongly support everything jveal said about the value of this Concentrator. It has been an incredible experience and I look forward each day to reading the intelligent and in depth analysis of our company. From insight to humor---you are all special. And even those of us who simply read, but choose to rarely comment, are getting both an outstanding education and an invaluable opportunity to participate in the company's progress.
    Thank you all---you "Make my Day".
    28 Jan 2012, 11:18 AM Reply Like
  • gottliep
    , contributor
    Comments (40) | Send Message
     
    My breakeven point was 0.62 so it feels nice to be on the other side for a change, too. I hope others will soon join me. I too have appreciated all of the insight and expertise that Maya, HTL, JK, JP, DRich and so many others have shared. By the bye, Maya the very nice young chap you met from Carnegie Mellon at the Annual Meeting last July was my godson who went to the meeting in my place. Although I have been following things a relatively shorter time than a number of you (since last spring after the run-up), I am very excited about how things are progressing right now.

     

    I tend to agree with John that we may continue to see a sustained rise in the near future. Part of that feeling is because there have been no further filings from Quercus since 1/13/12. Without the continuous selling we saw late last year, the price now appears to be moving up nicely. Positive press and news has really made a difference and the hope of a larger purchase order (Powercube) is stirring the pot as we all watch.

     

    Also, I had been following the NS999 pictures for a while like many others and to see it move locations does suggest that something different is happening. Although we cannot know yet, if the next picture shows it out of Altoona, then it feels like an OTR test would be the next step to expect. The NS999 is Norfolk's test platform and it would be the way to know if the PbC can meet the demands outlined in the Thelen presentation from last fall for the OTR battery locomotive.

     

    It is interesting that in that presentation, Thelen did not show the Penn State testing for the PbC which should have showed a difference to the 2 other batteries they had previously tested. If it did prove to be better as suggested in the text of the following slide, one would assume the next step would be to try it out on the Crescent Corridor in real life and see how it would perform. Hence the move of the NS999 in my thinking and why it is potentially positive. Also Norfolk keeping their cards close to their chest may be important to make sure that they can keep their more exclusive relationship with Axion in the near future.

     

    Obviously other interpretations are possible, but it is curious and the next few weeks should be interesting depending on where the NS999 is seen next.
    26 Jan 2012, 10:22 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    gottliep,
    thanks for your update on the NS999.
    27 Jan 2012, 04:41 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1704) | Send Message
     
    A couple of observations: The number of 1 or 2 comments "trolls" appearing out of the woodwork is a positive development IMHO.

     

    In fact, I'm gonna add to Maya's church pew analogy and create "Occam's Troll-Spike Occillator".... I've counted 2 this week alone. I view this bullishly, here's why:

     

    1) Many passively follow this concentrator, credit to Maya
    2) Many are pissed they didn't "back the truck up" in the .30 or.40s
    3) The best way to created a lower price entry it to yell "FIRE" in a crowded theater and buy on the bid. Hedge funds do it all the time.
    4) The more promising AXPW becomes (it has already doubled) the more desperation to "get in" at a lower Cost Basis...

     

    In summary, When *Occam's Troll-Spike Occillator* hits 3 / week, we will pass yet another milestone in this desperation IMHO.
    27 Jan 2012, 02:30 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    "Occam's Troll-Spike Occillator" and Maya's self-proclaimed world famous "Church Pew Indicator". I smell Nobel Prize for Economics if you can somehow combine the two. The OTSO/CPI Index.
    27 Jan 2012, 07:46 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    News flash: Jylejuice smells gold for trolls in a churchpew. :-)
    27 Jan 2012, 07:58 AM Reply Like
  • magounsq
    , contributor
    Comments (988) | Send Message
     
    Occam...good points...but the inquisitive side of me always wonder about extended hidden agenda from the trolls.
    That said, I'd rather the constructively critical give and take.
    27 Jan 2012, 12:18 PM Reply Like
  • LT
    , contributor
    Comments (5387) | Send Message
     
    Almost every thing you read points to 2015 being huge for SS autos.
    From Davos:
    2015 May Be `Tipping Point' for Electric Cars

     

    http://bloom.bg/yic77E
    27 Jan 2012, 05:03 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Axion announcement for new Head of Business Development, Sales and Marketing. Interestingly enough, is from Ener1. Looks to have outstanding credentials in the area.
    http://bit.ly/xO0iUz
    27 Jan 2012, 07:57 AM Reply Like
  • f-kru
    , contributor
    Comments (263) | Send Message
     
    That's fantastic news. It shows that the focus really is on sales now. This might be a very satisfying job for Mr. Dantam for a change, especially the price negotiations with potential clients :-)
    27 Jan 2012, 08:08 AM Reply Like
  • jveal
    , contributor
    Comments (659) | Send Message
     
    A previous complaint had been that Axion had no sales force. We then found Rosewater as a separate corporation as a sales agent for Axion's powercube. Now Axion is building a market force within.

     

    What's coming next?!
    27 Jan 2012, 08:10 AM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (774) | Send Message
     
    Sales would be nice!
    27 Jan 2012, 08:14 AM Reply Like
  • jveal
    , contributor
    Comments (659) | Send Message
     
    You got me!! I agree!! :-)
    27 Jan 2012, 08:17 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    Folks might forget, but some time back in on of the Q cc's, IIRC, it was stated that "building a core sales force" was one of the goals down the road.

     

    Looks like TG is a pretty good opportunistic player. It's been a long time since that was said. Patience, planning, preparation, opportunity, execution.

     

    Looking good how those seem to work together. Who woulda thunk it?

     

    HardToLove
    27 Jan 2012, 08:56 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    That's awesome news! I know one Bangwhiz who is going to be happy he woke up this morning!

     

    This guy has quite the resume: involved in hybrid projects with "GM, Ford, Daimler, Detroit Diesel, Cummins, Rolls-Royce, Ferrari, Volvo, Navistar, Volkswagen, Toyota, Honda, Daewoo and Hyundai".

     

    Think of what this his rolodex must look like!

     

    D
    27 Jan 2012, 09:00 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2296) | Send Message
     
    jlyleluce,
    For AXPW shareholders like myself who are battery technology challenged -- can you or anyone else provide some perspective as to why this previous Ener1 Business Development Head was unable to contribute to a turnaround there? Was it inherent in their organization -- their product -- execution etc? I think others my have the same question regarding this well credentialed new appointment.
    Thanks in advance for any perspective you can provide.
    27 Jan 2012, 10:05 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >MJ ... I don't know much about the art of sales other than when they happen ... it is good. Right now there aren't any. This new BD announcement heralds progress and he might be well credentialed, a good salesman, a great talent pick-up for Axion and all, but where he came from doesn't inspire me to become wildly "buy happy" with enthusiasm. I am encouraged that Axion is growing up.
    27 Jan 2012, 10:20 AM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    Hi Mercy,
    I was a big holder of Ener1 at the beginning of last year. I got out by the skin of my teeth but one of the reasons I was with them was because of their business relationships with Hyundia Heavy industries, Toro lawn mowers, Seoul Korea Transportation department (selling batteries for their electirc buses), there emphasis on sales in the grid application etc. So, I would say their sales department was second to none. Turning them around though would have been akin to turning the titanic from the iceberg. That ship was going down no matter what there sales could muster.

     

    There investment in Th!nk and Th!nk's subsequent bankruptcy was really the largest single contributing factor. They had to make a nearly $100M write off on their balance sheet because of that. There balance sheet was no good even before that write off. They had another $58M in goodwill and intangible assets -- that is the kind of goodwill that brought down C&D technologies when they had to write that off. Ener1's entire balance sheet was fluff, I was fleeced by their concentration in grid storage and the partnerships I spoke about but there was no way that was going to be enough to turn them around. There debt to revenue made Tesla look good.

     

    Hence my embracing Axion with zero debt but all the potential in the world. Nothing can bring them down unless the PbC turns out to be an elaborate paperweight, even then they can still make traditional batteries. No one owns their assets other than their shareholders.

     

    Hope that helps put things in perspective.
    27 Jan 2012, 10:29 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2296) | Send Message
     
    Excellent response, Jakurtz. Really appreciate it -- that's the perspective I needed. I can certainly relate to the futility of "turning the Titanic" given my past 2B2F employers.
    Many thanks,
    mj
    27 Jan 2012, 10:38 AM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    Mercy,
    John has written many an article on how Ener1 over extended itself and the bad business/accounting decisions it made that finally caused its demise. You might want to check a couple of them out:

     

    http://seekingalpha.co...

     

    http://seekingalpha.co...

     

    http://seekingalpha.co...
    27 Jan 2012, 10:50 AM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    Or just read what Jakurtz wrote above, which is a very good summary.
    27 Jan 2012, 10:56 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2296) | Send Message
     
    Thanks, LabTech. Should have known JP had already done deep dives on the topic! All of these perspectives should be extremely reassuring to all AXPW shareholders.
    27 Jan 2012, 11:00 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Mercy,
    I had the same reaction as you, and sorry can't provide any perspective. Thanks to jakurtz for providing an answer. I think it interesting his transition from Li-on to PbC sales. I'm sure TG did a thorough vetting process with this hire, so will put my faith in that.
    27 Jan 2012, 11:19 AM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    Speaking from my own experience in manufacturing, its really rare when a company fails that everyone who knows the company sagely studies its demise and say "Yep, it crashed because of the sales guy". On the contrary, the corporate management personnel who are often poached by the competition are the sales people.

     

    The exception would be when the CEO comes from a background in sales and is also the most active salesman. In fact, I really don't like this, as a general rule, even in small companies...
    27 Jan 2012, 11:26 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Just because you played on a bad team, doesn't make you a bad player.
    27 Jan 2012, 11:48 AM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    Trip, You don't like CEO's being the most active salesman, right? Not that you don't like small companies poaching good talent from demised competition. :-)
    ----------------------...
    I am going to make a summation. That hiring someone with such a deep knowledge, understanding and experience with the automotive business leads me to conclude that testing with Automotive OEM's is going very well. We may see evidence of additional progress with testing sooner rather than later. I believe this is a good indicator of the positive progress the company is making.
    27 Jan 2012, 01:11 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    Mercy.
    I would not like to work for you. You ask too many pertinent ,cleaver questions. I would however like you to work for me ,you would look after My interests.
    27 Jan 2012, 01:12 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6143) | Send Message
     
    I agree Jak... this guy has a ton of connections in automotive. This was a fantastic acquisition by Tom. I interpret it as a 'tell' to a winning hand. The automotive sector is old school. They like to deal with people they have had prior experience with. People that understand the automotive business and Just in Time supply pipelines.
    27 Jan 2012, 01:22 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    One of the first things I learned as a young securities lawyer is that small public companies rarely die of starvation but they frequently die of dysentery. Ener1 had a bad case of all hat and no cattle, but spent like a drunken rancher anyway.
    27 Jan 2012, 01:25 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    My take on the hire is a little different.

     

    Axion's new SVP comes out of the lithium space and was apparently pretty good at selling lithium ion batteries.

     

    When a guy of that caliber makes a lateral move to lead-carbon it tells me that lithium-ion may not be the inherently superior product the faithful would have us believe. Seriously, what first tier marketing guy wants to move down to a second tier product?

     

    The fact of this hire, it tells me Axion's new SVP is convinced that he's found a far better product that will be easier to sell.
    27 Jan 2012, 01:33 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2296) | Send Message
     
    Ha Ha -- dogday1. The good thing is that on this Concentrator we all work for each other!
    27 Jan 2012, 01:39 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >jakurtz ... How is it "poaching" talent from a company that is circling the drain and a guy who has probably known for months he would be unemployed very soon?
    27 Jan 2012, 02:21 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    >Drich,

     

    Man, you guys are not giving me a break the past couple days on my verbage. I was using the term "poaching" more in a tongue-in-cheek kind of way. You are right to a degree that it is not poaching but, while HEV is restructuring they are still a company as far as I know so they will again at some point need a sales team, only Vani Dantam will not be available, he will be with Axion.

     

    I just really like seeing Axion come even more into the mainstream with a guy like this.

     

    Isn't it funny though. We get good news that Axion acquired a top tier sales guy from what used to be nearly a $1B company and who has vast experience with sales to automotive OEM's and what happens? The stock price gets punished, just like the good 'ole days, right?

     

    I think you were the first to say, "No good news goes unpunished."
    Gotta love nostalgia.
    27 Jan 2012, 02:36 PM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    "The exception would be when the CEO comes from a background in sales and is also the most active salesman. In fact, I really don't like this, as a general rule, even in small companies..."

     

    Talking only about the CEO also being "the sales guy". Separate paragraph.

     

    My experience where the CEO insists on doing the sales too is that neither job gets done, plus there is a tendency for the company to lose pricing power and discipline.
    27 Jan 2012, 03:07 PM Reply Like
  • D-inv
    , contributor
    Comments (4181) | Send Message
     
    > jak, I think the market has other things on its plate today besides Axion. GDP number came in under crystal ball readings, F earnings fell short of analyst expectations, ENER1 files for bankruptcy, etc.

     

    http://read.bi/zMur9M

     

    Given ENER1 bankruptcy filing today I have doubts that all market players/pundits will concur in JP's read of Dantam's new position as a lateral transfer. Could be, but maybe not.
    27 Jan 2012, 03:10 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    I read the announcement and immediately thought of ZBB. A small company that keeps on hiring big names for their respective departments. Just keep building up the army and when the war arrives we are ready.
    It is a good strategy if the sales are close to rewarding the new chiefs. Its bad if they can't contribute to sales.

     

    My theory is this. Axion needs a new marketing chief that knows the auto battery business in and out. They need him Now. Otherwise the company that scrimps with the dollar wouldn't spend the money.
    An announcement is coming very soon. I'm talking about a sales announcement that requires a person known by each side that is respected and trusted.
    I'm thinking the GM connection is very close. Could be other OEm's but the resume points me back to GM.
    27 Jan 2012, 09:47 PM Reply Like
  • jayenright
    , contributor
    Comments (10) | Send Message
     
    I am totally naive on the subject, but would the fact he was selling lithium ion one day and now lead-carbon the next have any adverse effect on past and future relations? The general consensus is this is a good move and surely his experience speaks for itself, but even if I was being sold a better product, part of me as a buyer would wonder why I was being sold an inferior product previously.
    27 Jan 2012, 10:48 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >jayenright ... I don't think he was selling an inferior product but an un-ecomonic product. There is a huge difference.
    27 Jan 2012, 10:51 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    He is now selling a product that was unobtainable till now. I don't think that is a negative factor at all. His reputation will be safe.

     

    The positive fact is that he is well known in the area by purchasers of competitors products and knows the applications where the PbC can be put to better use than lithium
    28 Jan 2012, 06:41 AM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    Moving to lead carbon after being with Lithium-ion tells me he got sick and tired of trying to sell a product completely uneconomic. I hear really good salesman can sell ice to Eskimos, but what a relief to be able to move to selling coal, matches and perhaps a furnace.
    28 Jan 2012, 07:22 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    Let's not forget self interest either.

     

    He's moving from a highly competitive product, with lots of vendors, to one with almost zero competition in its product. Competition is only from other (some possibly inferior for certain applications) dissimilar products.

     

    If you are sales oriented, ISTM, that having a product that's sort of exclusive is a big plus.

     

    HardToLove
    28 Jan 2012, 01:23 PM Reply Like
  • 481086
    , contributor
    Comments (3442) | Send Message
     
    To amplify, a major thing he would seem to bring to the table is an intimate first-hand knowledge of the lithium-ion space. Fresh from his time at Ener1 he surely knows virtually all of the strengths and weaknesses of the major Li-ion chemistries, and is probably acutely versed in their various hurdles and limitations in particular. As well as a good sense of their projected way (and timeline) forward. All that background in the advantages and limitations of a major competing technology likely means a tremendous advantage for him when it comes to selling Axion's PbC and finding new applications well-suited to it. PbC is several things that Li-ion is not. And for that matter it is many things that conventional and AGM lead-acid is not. It's almost like you suddenly gave an aircraft engineer, who has heretofore had only raw aluminum to work with, and suddenly you give him advanced titanium and aluminum alloys. He will be in a uniquely great position to figure out all the best ways to put the amazing new material to work...
    28 Jan 2012, 01:40 PM Reply Like
  • jayenright
    , contributor
    Comments (10) | Send Message
     
    Perhaps poor wording on my part DRich, but point taken. Thanks guys. Further comments on the subject today helped.
    28 Jan 2012, 03:15 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    I was thinking of something else this morning.

     

    So NS is engaged in an envrionmental impact assessment with the EPA regarding the NS999, right?

     

    I was initially a little disappointed when I heard that because it meant a delay in a purchase order from NS beyond the expected Q4 2011.

     

    But doesn't the fact that this EIA is being conducted give further evidence of NS' intention to sign a purchase order?

     

    Personally, I never recognized the positive side of this EIA - that it confirms the inevitability of an NS purchase order.

     

    Not sure if others see it this way but I do now.

     

    D
    27 Jan 2012, 09:27 AM Reply Like
  • gottliep
    , contributor
    Comments (40) | Send Message
     
    D. McHattie,

     

    I am not sure I agree with you on the positive side of EIA for purchase orders yet. I think it was the reason for the delay in the timeline and the NS999 sat for a long while because of that. I think that the recent loading of new batteries and movement of the NS999 suggests that it is now resolved. It feels like NS is really thinking about OTR more than switcher based on each of their recent presentations, both Thelen and at CC's. I think things are pointing in the right direction and a potential OTR test would be the next logical move to make before following through on purchase orders.

     

    But as JP has said, they would not have gotten to this stage if everything else had not been looking good. So I think it is all positive, it is just not clear when the PO will come.

     

    My thought on it.
    27 Jan 2012, 10:01 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2333) | Send Message
     
    D.McH: I believe the EPA-NS problem is specific to one rail yard in an urban area. Forgot the location. They are under the EPA gun to DO SOMETHING about emissions at that location. "We want to see a plan NOW or the fines start"; that type of pressure.
    My take is that they have told the EPA that they have an excellent solution that saves money, reduces CO2 and can be "rapidly" implemented, but they need a bit more time to prove it before they can drop xx M$ on the fix. The delay in question would be the time the EPA takes to reviewed their response about electrifying the yard slugs as a way of eliminating much local emissions.
    After the previous 999 problems, the EPA might be a tad skeptical about this new proposal that looks superficially like the "old" solution that didn't work.
    Just how far this plan has progressed isn't clear, but the issue of a purchase order for 1k+ batteries should signal the "end of discussion" between the EPA and NS.

     

    Just my take.
    27 Jan 2012, 12:58 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >SHB ... The EPA "problem" is to establish a baseline data set for air monitoring of GHG, noise, particulates, etc. You can't claim a cleaner technology without some data back it up. There is a rail industry that I've linked to before paper explaining this. Presently not on the right computer.
    27 Jan 2012, 02:28 PM Reply Like
  • Charlieburg
    , contributor
    Comments (55) | Send Message
     
    We always used to say that nothing happens until a sale is made. In the case of AXPW, we all know there has been a lot of product development and testing behind the scenes. Hiring a well credentialed Sales Manager is the first major step in getting out there in a big way! It sounds like they are ready to go....TG wouldn't fill this position and take on the added expense if he didn't think the new man could pay for himself. Looking at the list of his prior business contacts makes me think his Rolodex has most of the right numbers in it as far as auto is concerned.
    I had to buy a little more yesterday at .62 even though I have told many people I am done. I tried not to do it but I couldn't help myself!! Long time holder still trying to get to .84. Green would be nice to see in my portfolio...just sayin...

     

    Charlie
    27 Jan 2012, 09:28 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    Wow, 80K block at .62 sold.

     

    Wide spread 5500@.60 by 10925@.64

     

    But very early
    27 Jan 2012, 09:34 AM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    Added a few more shares, 4600 @.63 at daybreak.
    27 Jan 2012, 09:46 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    Vani's getting in at a great time--the company's about to launch, and his stk/stk options are priced low.

     

    I love the long list of companies mentioned. That's intentional!
    27 Jan 2012, 09:55 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    I'm very happy Axion has finally brought in someone to head up sales and marketing. Yeah, the Ener1 connection isn't thrilling, but I'm not going to hold it against him. Who knows what he wanted to do there versus what cards were dealt him by management or circumstances?

     

    He's committed himself by moving to New Castle and I'm sure he loves getting out of a crowded field (lithium ion) into a unique product with a compelling price and performance story. He's got the contacts and experience Axion needs. I'm rooting for him!
    27 Jan 2012, 10:43 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >bangwhiz ... I just knew this would make you happy.
    27 Jan 2012, 10:54 AM Reply Like
  • magounsq
    , contributor
    Comments (988) | Send Message
     
    BW...I figured you'd be more ecstatic!
    You've been calling for this for a long time.
    His credentials/network appears very diverse and extensive.
    TG continues his methodical strategy.
    27 Jan 2012, 12:34 PM Reply Like
  • tocoadog
    , contributor
    Comments (72) | Send Message
     
    I rarely post - I have nothing important to add generally...

     

    Added a few today as well on a limit call...

     

    I stand hovering around 13k total...and I'll continue to accumulate until $1 unless the bottom runs out or the world ends.

     

    I'm no battery geek either, but I believe in Axion's product.

     

    Thanks to everyone's input, direction, insight, updates.

     

    <back under my rock>
    27 Jan 2012, 10:44 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    (AXPW): 10:33:14 buy:sell 1:3.596.

     

    Low $0.60, high $0.64.

     

    HardToLove
    27 Jan 2012, 11:01 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    (AXPW): Well, I posted this in the wrong place too.

     

    That opening 80K trade at $0.62 I posted by mistake in the old concentrator was a "sell", but not shown as a "form t".

     

    09:30:32 @ $0.62.

     

    HardToLove
    27 Jan 2012, 11:16 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Well, looking to pick up some shares so we'll see how things look later this afternoon. Friday's suck in the market for sellers and usually good for buyers.
    27 Jan 2012, 11:33 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    How can a guy that just sold trading shares at $.62 look to buy at the same price?
    Just asking to remedy my concern that you are only replacing shares ( irrespective of who owns the account)?
    27 Jan 2012, 09:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    (AXPW): New intra-day low, $0.59 smal trade 450 shares. Bid/ask $0.59/$0.60 *presented* 31K/26.5K, 11:53:27.

     

    HardToLove
    27 Jan 2012, 11:55 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    Well, right now we have the AUTOs bumper-to-bumper in high Fidelty. ha
    27 Jan 2012, 12:02 PM Reply Like
  • mrholty
    , contributor
    Comments (1084) | Send Message
     
    Just got a note from the guys at Altoona regarding the 999. Putting 2 + 2 together we know that it got brought into the shop at the end of December with the rumor that it may be getting new batteries as its been sitting in the yard not working since pretty much September. That means they have not done field testing but have done considerable bench testing.

     

    Then we saw that there were some new pictures near the wheel at night with some other locos from last week.

     

    Just found out that its still in the shop. nothing more on its status. I think we'll all be happy when its field testing. Maybe automobiles will be before NS based on the fact that we know BMW is doing field tests and it looks like NS may be starting field tests soon. The otherside of that is NS field testing may be considerably less in length.
    27 Jan 2012, 12:20 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    MRHOLTY> When you say "in the shop" does that mean its moved off the wheel?
    27 Jan 2012, 03:02 PM Reply Like
  • mrholty
    , contributor
    Comments (1084) | Send Message
     
    I believe that prior to the end of December it was sitting in the yard somewhere.
    My understanding is that it went into a bay at the end of December and then was spotted last week out at the wheel. My understanding is that might have been just a simple move and its back in the same or another shop. So I guess it was off the wheel for 2-3 weeks and now its doing something else in a shop.
    27 Jan 2012, 04:55 PM Reply Like
  • Treehill
    , contributor
    Comments (139) | Send Message
     
    In the Globe and Mail today there is an article predicting gasoline prices going up about 25% by May. Potentially the increased gas prices will increase the motivation to implement stop/start technology in cars.

     

    http://bit.ly/xvnIKO
    27 Jan 2012, 12:47 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Needed to see his resume to become enthusiastic. Here's the basics:
    Vice President - Sales & Business Development
    Ener1, Inc.
    Public Company; 501-1000 employees; HEV; Oil & Energy industry
    September 2010 – January 2012 (1 year 5 months) Indianapolis, Indiana Area

     

    Global Director - Hybrid, EV & Heavy Duty Sales
    Remy International
    Privately Held; 5001-10,000 employees; Automotive industry
    October 2000 – September 2010 (10 years)

     

    Director - International Sales, Business Development & Engineering
    Delco Remy
    1994 – 2000 (6 years) Delco Remy

     

    Looks like a perfect fit to me. Passes muster with me. I was a retained headhunter filling key jobs (mostly sales, marketing, business development, or technical management) usually working for the President or a Vice President of a company for 15 years. Almost all the positions couldn't be filled locally and meant you had to look nationally and the candidate would have to relocate.

     

    He would have been someone I would have automatically put on my "possibles" list and flown out to meet for an interview if the initial discussions merited it. I usually give good candidates one short tenure "throw away" job because things happen provided there wasn't any clear individual performance negatives in that position.

     

    The rest would hinge on the experience fit versus the job specs, interviews, references, chemistry between candidate and client, the money side of the game, and the relocation issues. I once was asked to fill a position in Caribou, Maine. I asked where they thought I should look? They said, "try the asylums." Biggest issue with relocation is the wives and the kids. Wives rule on that issue.

     

    The cake was already baked when he came into Ener1. Personally, I am glad they got him and I wish him and Axion well. The international sales experience is a real plus. He's also clearly up to speed on the potential markets for Axion's products and the current energy storage technologies. Superior education. In depth automotive experience. Should work out great and I can quit bitching about the lack of a sales and marketing executive at the officer level on the org chart. Reports to TG. Nice.
    27 Jan 2012, 01:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    I was particularly impressed by the fact that with twelve years of lithium-ion battery and heavy hybrid technology experience he made a lateral move to sell lead-carbon, a battery chemistry that the faithful will tell you is a second-class down market product.

     

    I haven't met many sales executives at that level who transitioned from a better product to a lesser product. So I tend to interpret the hire as an unspoken representation that the new SVP who knows both sides of the coin chose the side of truth, justice and the American way.
    27 Jan 2012, 01:45 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    While I blathered on above all I can say in finality is "Thank God!" He has joined Axion in the fight against The Great Satan: DOE.
    27 Jan 2012, 02:43 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >bangwhiz ... How very Muslim of you to notice.
    27 Jan 2012, 02:46 PM Reply Like
  • f-kru
    , contributor
    Comments (263) | Send Message
     
    Great digging, bang. So the guy spent the last 18 years selling batteries and alternators to the automotive industry.
    That tells me that TG is starting to get prepared for the serious game.
    27 Jan 2012, 02:50 PM Reply Like
  • SMaturin
    , contributor
    Comments (2305) | Send Message
     
    JP,

     

    Given the over-capacity of Lithium-ion manufacturers, and the uniqueness and cost advantage of the PbC product, perhaps he is making the move to a product that has both a pricing advantage and less competition in the market.

     

    Would not that be a Sales VP's ideal job move?

     

    Count me among the Axionistas now. Based on all the terrific discussions in your articles and the other contributors here, I bought in at .42 earlier in the month and added today at .60.
    27 Jan 2012, 02:55 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Lucky duck at .42 entry!
    27 Jan 2012, 02:58 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6143) | Send Message
     
    Welcome aboard Dr. Maturin.
    27 Jan 2012, 03:07 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    I've always thought that Axion has an easier path to profitable market than any of the lithium-ion manufacturers. It's just to see "one of theirs" coming over to the good side of the force.
    27 Jan 2012, 03:08 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    Welcome SMaturin! $0.42 was a *great* entry price!

     

    You will be well pleased shortly down the road.

     

    HardToLove
    27 Jan 2012, 04:11 PM Reply Like
  • SMaturin
    , contributor
    Comments (2305) | Send Message
     
    Thanks, for the welcome, HTL and FocalPoint.

     

    I appreciate the efforts of all who are contributing to this discussion.
    27 Jan 2012, 04:21 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1704) | Send Message
     
    SMaturin: FWIW.... I've found accumulating shares of AXPW on any pull-backs has been a good strategy. All my Cost Bases are below .50.... for now...

     

    I think that by later this year, the tune will change to "anything below a dollar CB is good"!
    27 Jan 2012, 10:12 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    I see that Mr Dantam has been offered a 5 year option to buy 150000 shares at £1.50 , This is a very positive expectation on the part of Axion , given he could buy them for.64 today.
    27 Jan 2012, 01:38 PM Reply Like
  • Bob Haeger
    , contributor
    Comments (67) | Send Message
     
    From the 8-k just filed:

     

    Under the terms of his employment agreement effective January 1, 2012, which has a term of three years, Mr. Dantam receives an
    annual salary of $225,000, which is subject to review on an annual basis, a $20,000 sign on bonus, bonuses as determined by the
    compensation committee, and a 5-year option to purchase 150,000 shares of our common stock at a price of $1.50 per share, 15,020
    options shall vest upon execution of this contract and, beginning in March 2012, 3,970 options will vest monthly through the
    remaining 34 months of this contract.
    27 Jan 2012, 01:40 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Same price as TG's options.
    27 Jan 2012, 01:42 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    How many companies are willing to tell their new hires that their shiny new options don't begin to accrue value until the existing stockholders have a 150% gain from the current price?
    27 Jan 2012, 01:57 PM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    From all the Axion documents I've seen filed, the $1.50/share is the standard options share price that all Axion employees are offered.

     

    As to his credentials, I like the fact that he has a MS in Mechanical Engineering from Vanderbilt and a BE in Metallurgical Engineering from back in India. So he's going to be able to understand the technical advantages of the PbC and be able to use that knowledge when he's pushing sales. Always a plus IMHO.
    27 Jan 2012, 02:03 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2661) | Send Message
     
    That speaks volumes ...
    27 Jan 2012, 02:19 PM Reply Like
  • JohnM121
    , contributor
    Comments (462) | Send Message
     
    It is much more common for companies to re-price options when the price drops. Axion did not do this, nor did executives bail when the price dropped. (temporarily)
    27 Jan 2012, 02:04 PM Reply Like
  • LT
    , contributor
    Comments (5387) | Send Message
     
    I like the looks of this guy on paper .. and as tight as TG is, the compensation package is fairly generous so I think this guy brings something big to the table besides just starting sales & marketing.
    27 Jan 2012, 02:04 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » JP: I'm laying low today, but your above remark was exactly my first thought after reading through his compensation package.

     

    A buck fifty? Hello. That speaks volumes right there.

     

    Want to add that this bright fellow helped me make a chunk of change with Ener1, before you talked me out of my shares, and now he's coming in for round two.

     

    I think I'm going to give him a man-hug when I meet him!
    27 Jan 2012, 02:07 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    To make serious coin, he's going to have to help make AXPW a home run. $2/shr just won't be enough to matter.
    27 Jan 2012, 02:14 PM Reply Like
  • LT
    , contributor
    Comments (5387) | Send Message
     
    I expect this hire might also have been required for the financing too.
    27 Jan 2012, 02:10 PM Reply Like
  • Pztrick44
    , contributor
    Comments (83) | Send Message
     
    I'm very pleased with this hire, and as I am (so far) a fan of Mr Granville's decisions, I'm sure he has big plans.

     

    His credentials appear perfect to develop auto start/stop business for our PbC technology over the next few years - and I am also pleased to see he has engineering education in addition to EV sales experience. I really can't imagine anyone with much better qualifications.

     

    I like JP's point about Dantam's choice to sign with us being a vote of confidence for PbC from a lithium-vangelical.

     

    I seldom share stock picks or advice with family (to avoid any drama), but I did rope my father into picking up a half-position today. He'll be happy if the stock goes up or will have choices if volatility or financing terms send it down. I also added on a tiny amount at $0.60.

     

    The hiring contract's $1.50 options are great news, and they also jive with the ~$1.50 fair value figure some of us have thrown around as a way to peg how much cash we've invested in R&D to develop the PbC and related IP. I plan to continue accumulating as much as I can afford under $1.
    27 Jan 2012, 02:28 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    I need Quercus or somebody to take a dump. Sitting on a buy at .59 all afternoon and no takers.
    27 Jan 2012, 02:53 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    Bw: "...take a dump"

     

    You crack me up.
    27 Jan 2012, 03:10 PM Reply Like
  • Bylo-
    , contributor
    Comments (420) | Send Message
     
    Couldn't wait for .59, bang, added at .60.
    27 Jan 2012, 03:35 PM Reply Like
  • D-inv
    , contributor
    Comments (4181) | Send Message
     
    Ditto, added at $.60
    27 Jan 2012, 03:48 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    BW: *if* today reinforces what I think I saw last P.M (ignoring the Quercus for now) - that we are jumping right into another consolidation as part of our rise, consolidate ... sequence analogous to last year, there's a decent chance $0.55/$0.56 would be available to you next week.

     

    Maybe even $0.53. This figuring on a typical 50% re-trace from $0.42-$$0.64 = $0.53. But that would be a gift, IMO. Most likely, IMO is ~$0.48-$0.64 50% retrace = $0.56. A small overshoot, not uncommon, would give the $0.55.

     

    The increase in volume today, roughly 40% higher than the last couple days, seems to support the possibility. ... *unless* that exhausted sellers at this price level. I didn't see evidence of that *today* though.

     

    Today ended at buy:sell of ~1:2.21 even though we were essentially flat all day from 12:05 on at $0.60 and most trades were hitting that $0.60 offer. It was an improvement from what was seen earlier in the day.

     

    MHO and I haven't said for a while that I'm experimental and new, so keep that in mind.

     

    HardToLove
    27 Jan 2012, 04:33 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    Sure feels like pullbacks will be aggressively bought--who here isn't interested in buying at, say, 53 cents? I know I'd love to pick up some more down there.
    27 Jan 2012, 05:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    I made some fresh dry powder for just such an opportunity. I even let go of my concern about being way "overweight".

     

    I'm pretty sure I won't regret it though.

     

    HardToLove
    27 Jan 2012, 06:03 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1704) | Send Message
     
    I'm not sure we'll have any opportunities to accumulate in the .50s next week. But would love it to trade down there, just don't think it'd happen. I'm more concerned about a press release and a parabolic move (before I'm fully established). That is a nice "worry" to have!!!
    27 Jan 2012, 10:17 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1704) | Send Message
     
    Mr. Investor... heck anywhere in the 50s next week might be a steal.
    27 Jan 2012, 10:20 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    Easiest Is Best--I hear ya. Just saying that it seems like the sentiment has changed so much for the better, that dips will be bought aggressively. My own belief is that waiting for the dips is bad strategy for anyone who things the value of the stock is much higher. If you think you can time the mkt for this stk that well, then more power to ya. But I think a FAR more likely outcome for most investors is that you'll be buying dips from much higher price points.

     

    I understand the pitfalls of optimizing, being an optimizer myself.

     

    Tom
    28 Jan 2012, 12:55 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    There seems to be a never-ending supply at .60 from NITE, though they always show 2500 avail.

     

    485K volume at 3:40 Eastern, huge amount at .60

     

    Even taking out that 80K @ .62 very early, still pretty healthy volume compared to early in the week.

     

    Very unusual day, so many transactions at .60

     

    I was away at lunch for an hour or so, where there some more big blocks?
    27 Jan 2012, 03:44 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    No. The next largest block was 30K and there was only 1. Then 15.6K and then 10K. Not a lot of them either.

     

    HardToLove
    27 Jan 2012, 04:37 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6143) | Send Message
     
    Rats... I should have waited on my buy.
    27 Jan 2012, 03:50 PM Reply Like
  • 481086
    , contributor
    Comments (3442) | Send Message
     
    Is this a gang of drive-by traders who will get bored by next week and sell back in the .50's? Or stalwarts who will hang in for the long play?
    27 Jan 2012, 03:55 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    Even drive by traders are looking for an up, rather than a down. So I wouldn't be looking for them to take a loss. Besides, I haven't seen much that would attract a drive by trader in other publications. My guess is we're just seeing some more long-term lurkers deciding that they may not get too many more chances.
    27 Jan 2012, 04:08 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    Based on what Mercy posted on the prior big run up, I would assume the same crew is back at it since AXPW has their attention now.

     

    If they jumped in at $042-$0. ... <=$0.55, how could they, being momo traders that they are, resist a fast % gain of that size in a week or so?

     

    Remember that we are now predominately an "immediate gratification" market where the average trade is held for a very short duration.

     

    *Investors*, like us, may be an anachronism.

     

    HardToLove
    27 Jan 2012, 04:43 PM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    It's the difference between tree farmers and billy goats. The billies plant nothing, but eat voraciously on a daily basis with little particularity as to what they eat, so long as they can reach it quickly, and its there when they are hungry.

     

    Tree farmers wait a little longer between harvests, and tend their crops.
    27 Jan 2012, 07:24 PM Reply Like
  • 481086
    , contributor
    Comments (3442) | Send Message
     
    Copy that John. Just wondering if our recent chart may have triggered some of that kind of attention--if one of the penny-hype boards may have flagged us. I guess next week will tell a lot...
    27 Jan 2012, 04:13 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    I have a Google alert set up for AXPW and so far there hasn't been any of the kind of traffic I'd expect this close to a golden cross (e.g. where the 10-day moves up through the 20-, 50- and 200-day averages). Unless we see a significant price retracement a golden cross is a certainty next week.

     

    http://bit.ly/wKQGbX

     

    That's a signal none of the hype boards could miss, particularly if they've been buying this week in anticipation. These trend events are very predictable and the stock hype crowd generally try to position as well as they can before the event so they can sell after the event.
    27 Jan 2012, 04:23 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » I've been noticing a "loose" 15 cent incremental pattern developing. A battle went on at the 30 cent level. When the stock rose to 45 cents, there was a battle there too, as half-house money sold. Now we're seeing a squabble at 60 cents, where people are selling and going forward with house money from here.

     

    In each case we dropped below the battle zone. 30 cents dropped to 25. 45 cents dropped to 44, and now 64 dropped to 60, the present battle price. Likely, if this pattern continues, we'll see maybe 56 or 57 cents early next week before we start to rise to the next battle ground of 75 cents.

     

    From Jan. 18 to yesterday's close we rose 45.45%.

     

    Aside from what the MMs are doing, these 50% and 100% selling gains are typical in how investors sell off, move on and don't look back.

     

    This is as I said, a very loose observation, more based on hardened goals and sentiments, as opposed to technical analysis.

     

    However, Axion is a unique one, and those sellers probably will be coming back when the news cycle shifts into a higher gear.

     

    I admire those trying to trade Axion. Gutsy. And I will feel badly for those who trade out and then some whopper newsy event happens the next day.

     

    We all know that's coming, whatever and whenever it may be.
    27 Jan 2012, 04:44 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    I sat on .59 forever, then sat on .595 for awhile when that was the bid and finally bought at .60 a few minutes before the close. I am reestablishing a small position for my mother and I'll see which way the wind blows next week. The fact that some big seller didn't come in late and take out several price levels at the end of the day was encouraging.

     

    TG must have to many things cooking on the stove at one time so he bought in some muscle to keep from letting something big get burned from inattention. Taking on his salary level prior to the financing tells me he isn't worried about the capital raise. He said that to one of the Axionista's when he called them, but the hire is further and more recent confirmation.

     

    I should go out to dinner somewhere and celebrate. Today was my first Axion buy that wasn't immediately under water. While my personal holdings have a 2015 timeline I'm not sure what my mother's will be. Think the intelligent thing is to shoot for a double within a reasonable time frame. Certainly doable from here based on the previous 1.27 high which had no news or hype before the run up.

     

    Only the Axionista's know about my mother or her Axion history and I don't feel stupid discussing her trades here. Can hardly wait to tell her she's up a bit and the way .60 held today like a concrete beam could come Monday in spite of HTL's analysis. The buy was a 1/3 position opener. If it drops that's ok too. Buying opportunity. She is an excellent scuba diver!
    27 Jan 2012, 05:56 PM Reply Like
  • bazooooka
    , contributor
    Comments (3246) | Send Message
     
    Bang, I think if you have a good plan with a trailing stop it will work out well for you. However, you might want to assess the off chance that this could still swoon .15-.20 lower.

     

    I've found that quick gains often are retraced by half thus are 35 cent bounce from .25 to .60 could bring in some retail sellers before the placement. Long term I think it's all moot. Heck, 2012 might be rough waters still but maybe were up 50% on Monday with some weekend news (who really knows =).
    27 Jan 2012, 07:12 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    BW, I just had to tell you I am still cracking up hysterically at your comment, "I need Quercus or someone to take a dump." My wife thinks I am crazy becuase she can not figure out what I am laughing so hard that I can't hold the food in my mouth during dinner. For over a year we bitched and moaned about Quercus taking dumps all over us and now you just ask for that one more dump into your buy-bin, like its a given...and I can't stop laughing.

     

    Then you pull-out, "She is an excellent scuba diver!" About your 93 year-old blind mother. I actually have tears rolling out of my eyes ...I can barely type.

     

    God bless you!
    27 Jan 2012, 07:37 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Bazoooka> The plan for her is to buy the next third either after a price drop from .60 at whatever level when the support level is clear, or if the stock rises on a tear, the plan is to wait until it falls back to firm support and buy there. I don't care to much at this point which way it goes. I'll hold the final 1/3 until after the capital raise when a clear bottom is reached. Then on the way back up wash, rinse and repeat.

     

    I hate trailing stops. I either hold the damn stock or sell it. Trailing stops are a MM's dream. I'm not putting her anywhere near the level of risk she was at last time either. If she loses 500 or a grand or so that's to bad. $10K? No way Jose!
    27 Jan 2012, 08:40 PM Reply Like
  • bazooooka
    , contributor
    Comments (3246) | Send Message
     
    Mental stops is what I use. Your ideas of support would qualify similarly. It's when support fails that things get tough. Last time Axion went under .40 I almost got shook. I sure hope we don't repeat that nor do I expect to.
    27 Jan 2012, 09:38 PM Reply Like
  • bazooooka
    , contributor
    Comments (3246) | Send Message
     
    All this talk about NS lately, and many forget that the Power Cube might be the bigger story. Anyhow, many thanks to KT for sharing his thoughts on the "Cube" being more than a domestic play.

     

    http://seekingalpha.co...
    27 Jan 2012, 07:28 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    I really liked the announcement of the new marketing hire .
    I have never found a hiring of a non CEO to be a stock mover. I have seen companies spend money on big names to enhance the stock price but have never seen those names actually increase the stock price,

     

    Presuming Axion is continuing on business as usual, not overspending, and aquiring good talent then we can only presume Axion needed the new hires experience with major auto companies, battery sales, and utility company background to improve Axion's performance in the future.

     

    If Axion nd ZBB don't perform as expected then I expect their last two hires to be fired within 6 months. Both were hired in expectation of large future orders. I see no other reason for such significant hires.
    27 Jan 2012, 10:06 PM Reply Like
  • jayenright
    , contributor
    Comments (10) | Send Message
     
    Long time reader, first time poster ... (i.e., I'm a lurker)

     

    As a person just recently getting into personal investing, I also wanted to echo what a lot of people have been saying about the abundance of insightful information in these concentrators and the related articles/conversations. It is a huge boon that I cant believe I don't have to pay for - not just for Axion but for how things work in general. If only this sort of information was readily available for all stocks! As such, AXPW is my first purchase (in for the long haul) and I could not have felt more comfortable doing so. I even tripled my initial investment after further reading (am officially caught up) despite missing the $0.25 pps (i.e., I averaged up) but am glad I did. Thanks all. Have a good weekend.
    27 Jan 2012, 10:48 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Glad to have you here! Welcome! God knows it is a great way to make and manage your investment. Wait until the conference call. Then you will see the power of this group in action.
    27 Jan 2012, 11:20 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Jay, welcome, glad to have you out of lurk mode...
    28 Jan 2012, 07:57 AM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    Welcome! By all means follow Maya, John, and other smart guys you happen upon here. Look at where they write blogs, articles, and post comments. Our group operates a number of other concentrators similar to this one, though I believe recent events have made this one the hottest by a long shot. Here we are seeing a long term consensus building around a single stock (though it would be wise to look through the other sound buys John has mentioned in his articles), but even on Concentrators where the findings are more equivical (or even negative), the value is still there.
    28 Jan 2012, 09:14 AM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » Jay: Welcome to the Axion Concentrator. Among his other premium attributes, I suggest for you to also follow tripleblack, perhaps the best gall darn stock trader in all of Seeking Alpha.
    28 Jan 2012, 09:23 AM Reply Like
  • jayenright
    , contributor
    Comments (10) | Send Message
     
    Thanks guys (dad) - good stuff. As was suggested during my catching up and adjacent reading I now have quite the portfolio of stocks I'm watching. Now if I only had money ... Doing my best to 'pay it forward' on Axion.
    28 Jan 2012, 03:15 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Smart phone users. It can be a pain to enter the name of the concentrator in a search box and then pull up the latest (or any) concentrator. I found a simple way to avoid typing it in with my android 2.2 LG Optimius T phone. I use chrome which has an extension called "email this page" by Google. It is like the old browser feature that let you email a page url to someone. Its gone from most browsers as a standard feature.

     

    When a new Concentrator opens and I view it in chrome I email the link to myself at gmail. I tap the icon for gmail on my homepage, open the emailed URL, tap it and it immediately opens the concentrator in the android browser. As soon as it stops loading the page and the bookmark appears I bookmark it. Just a lot less hassle than typing "Axion Power Concentrator 55" in a small android virtual keyboard in the google search box, seeing the results, then hitting the listing, then waiting for the page to load.
    27 Jan 2012, 11:27 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Blabbing a lot today. Has anyone noticed the fear, frustration and anxiety levels in the concentrators have dropped so far you would think we were all sucking on a blunt? Maybe this period is just like the part of a horror movie where they let the audience relax for a minute before the fiend jumps out of the closet with a butcher knife. Something like Blackrock filing a Form 4 for 5 million shares.
    27 Jan 2012, 11:37 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » bang: I would most certainly not short the Axionistas "VIX."
    28 Jan 2012, 07:57 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Bang, well you did place an order and you know what happens next - snorkel on! just couldn't resist <smile>
    28 Jan 2012, 11:04 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Bang, love, and can relate to, your snorkel stories so much that most of my buys are with snorkel in hand... Laughed so hard at your comment seeing visions of you with snorkel in hand waiting for the water to come rushing forth...
    28 Jan 2012, 12:10 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18369) | Send Message
     
    Let's hope it's not combined with the "dump" he requested - I hate swimming in "brown water"! =8-O

     

    HardToLove
    28 Jan 2012, 02:29 PM Reply Like
  • D-inv
    , contributor
    Comments (4181) | Send Message
     
    On the new marketing hire, about the only thing I'm pretty sure about is that contacts between Granville and Dantam (or Dantam's agent(s)) began some time ago. An interesting muse is whether Dantam accepted the position when Granville met his asking price and Ener1 picked now to file for bankruptcy because their marketing guy left, OR whether Dantam accepted Granville's offer when he learned the bankruptcy filing was imminent. Whatever the case, it is clear Axion has no need for a marketing guru unless they have something to market. And, from a public relations perspective, press releases by a "Senior Vice President/Business Development, Sales & Marketing" announcing new sales and/or service contracts might project a little better than one issued by the CEO.

     

    I'm thinking one or more contracts are lined up for announcement within a couple of weeks. Dantam will need to deliver something beyond BMW and NS sales to start earning his keep.at a run rate of $19K month (not counting non-cash comp).
    27 Jan 2012, 11:40 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    The other interesting thought about the Dantam hire that just hit me is that it speaks volumes about the status of the financing efforts that we know have been in process for a while.

     

    Dantam found himself out of work when Ener1 went into the tank. After an experience like that the last thing a recently burned executive would do is take a new job with an underfunded company that might run out of cash in a couple of months. Were I wearing those shoes I'd make damned sure that adequate financing on reasonable terms was in the bag before I put my name on the bottom line of a contract and accepted options at $1.50.
    28 Jan 2012, 12:32 AM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >JP ... Or moved to New Castle, PA ... wherever that is.
    28 Jan 2012, 12:35 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2333) | Send Message
     
    DRich: It's somewhere that gets cold and wet and slushy in the winter. Probably snows there too. I just know it is 'cause it's north of Texas ;-)
    28 Jan 2012, 12:47 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1356) | Send Message
     
    Another interesting thought was who approached whom... We are assuming TG picked up Vani. Maybe it was Vani that saw the opportunity. Far fetched perhaps but entertains the mind...
    28 Jan 2012, 07:56 AM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    Another observation on this topic, sometimes companies hire sales and marketing talent because they have a lot of very disparate deals in the works and the timing has come where they need a dedicated closer. Closing deals is a high art form at this level, and not something even all good sales guys can do.
    28 Jan 2012, 09:19 AM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    It's not so far fetched when you consider other members of that team have contacted me for introductions. I never spoke with Mr. Dantam, but I have had conversations.
    28 Jan 2012, 09:20 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    My theory ... he's been one of those "lurkers" on these Concentrators we hear so much about :-)
    28 Jan 2012, 04:56 PM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    Based on some of the emails I get, I think a LOT of folks would be surprised who lurks on some of these Concentrators...
    28 Jan 2012, 07:03 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    I believe the commenters are the barest tip of a very large iceberg of elephant hunting investors who've been bottom feeding for the last 20 months. I also believe the commenters are a representative sample of the stockholder base and the thoughts expressed in these comment streams offer an incredible behind the scenes view of a developing market dynamic. It's one hell of an education for me.
    29 Jan 2012, 02:42 AM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » Hard: Give me a call when you have a chance.
    28 Jan 2012, 08:50 AM Reply Like
  • LT
    , contributor
    Comments (5387) | Send Message
     
    There have been many great comments re: the new marketing hire. Below is what I see as the most significant and maybe newsworthy.

     

    1. There is no doubt he is qualified and has the experience needed as stated in all the other posts here.
    2. The salary at $225,000 is very minimal, but the options are very generous in number, but at 1.50 and not being revised for TG or anyone else in management should tell us about the value of the company...I congratulate management, NO ONE MAKES MONEY unless AXPW is a great success. That protects us more than anything.
    3. As JLP stated, there is now way he takes this job as stated in #2 unless the financing is in place. A huge positive.
    4. Jobs are scarce, but no way he takes this job without a high probability of market acceptance and success, the stock options tell us that. Priced 3x todays price. I think that assures the value we have place at $3.50 or higher.
    5. Don't be surprised that with all the bankruptcy's taking place that TG does not take advantage and quickly build out the sales force and
    other necessary employees...it's a golden opportunity to pick up talent without overpaying..and he can be selective. It's not the working managers fault that these companies failed. There is great talent there to be had.
    6. With this guy and his pay package, I would now expect it to be much easier for others to follow him to AXPW and we should see much more news from a marketing perspective in the future bringing much needed attention to AXPW...A year from now this will no longer be an unknown company.
    28 Jan 2012, 09:08 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    I think JP is totally correct about the financing being in place. The 10Q's announcing the financing plans stated that one of the purposes of the capital raise was to build "a modest sales and marketing" effort. I interpreted that as a couple of sales and marketing people with 60-100K pay packages. Starting off with a 250K highly experienced sales executive is a little more than a "modest" sales and marketing team in my mind. By the time Vani fleshes out an organization we will probably be looking at 500-700K worth of annual sales and marketing expense.

     

    In all my business experience you don't make money hunkering down and conserving expenses. You have to put the pedal to the metal to get results. Not like a drunken sailor of course, but you can't just wait for things to fly in over the transom.

     

    I won't be bitching about the lack of a sales organization any more. I'll give the guy six months before I start bitching about the lack of sales.
    28 Jan 2012, 10:32 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    "In all my business experience you don't make money hunkering down and conserving expenses."

     

    Although you can conserve wealth that way, you don't create it that way--it's created mostly by maximizing revenue, not minimizing expenses. It's just the way the math works. I've had that discussion with a lot of people over the years. For example, let's take the extremes--a master at minimizing exp's and a master at maximizing rev. Both start working for identical companies, each with $1mil in rev. The exp minimizer's best case scenario is $1mil in profit. But the rev maximizer's profit is unlimited. If he increases rev's to $10mil, say, he sure has a lot of room for error in expense control. Of course, if he's terrible at it, he goes bk. But by far the hardest part is generating a lot more rev. And it's the holy grail of small-cap investors like me, and I assume, everyone else here.

     

    That being said, it's been terrific that TG has been very good at cost control, because their rev's and financial resources have been so small, and the timelines became so stretched, that those skills were required for survival. But now they're transitioning to the even harder part--generating a lot of revenues. Fun stuff!
    28 Jan 2012, 12:21 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    I think the timing of the hire before the capital raise also speaks volumes about the sales pipeline ":coming to a boil.." JP needed some muscle and he needed it now.

     

    Ironically last night I dreamed Vani met me at my office for an interview like in my old headhunter days. I wondered to myself "why am I interviewing him, he's already been hired?" I felt like an idiot in my dream because I knew I didn't know jack about the particulars of the position. He was a diminutive in build with a grey suit and neatly combed thick white hair. He was soft spoken and while not unattractive very mild mannered. I walked him to his car and said goodbye and still felt like a dumb ass.

     

    It's a good thing I have the day off today with a caretaker coming in for 7-8 hours to look after my mother. Now I'm dreaming Concentrator stuff. Time for a break!
    28 Jan 2012, 11:04 AM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    When I think about the combined talents of Axion and Rosewater I get pretty pumped. I've spoken to the Rosewater guys and they're excited about working with Axion's in-house sales leadership to take the PbC to the market from a position of strength.
    28 Jan 2012, 11:37 AM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    I was contemplating the scenario when TG hired a sales and marketing guy.

     

    Rosewater is out beating the bushes for new business. They can handle the chores for numerous oil rigs , PowerCubes to factories, many small data centers and universities. A lot of customers. Small but mighty group. Meanwhile, TG has been the guy to talk with BMW, NS, Viridity, etc. The big guys. Now we have numerous auto OEMs talking with TG. More than one rail road, etc. Hey.
    Poor TG still has a company to run. How about someone that can handle the big boys and be the contact guy for Rosewater.
    This allows TG to go about the financing, day to day stuff, research, PR, Keeping Axionistas at bay, and growing the company.

     

    The final move before the announced increase in sales. Thanks for the hiring TG. You just spoke volumes.
    28 Jan 2012, 07:31 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    JP ... how big an organization is Rosewater?
    28 Jan 2012, 08:58 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Not meaning to speak for JP.
    But, Rosewater is a new company formed by an Axion insider ( original shareholder), that is experienced in sales at this level. Since they know the technology for the last 8 years and are experienced in high volume sales in electronics they should be able to succeeed in promoting Axion to users of all sizes.
    28 Jan 2012, 09:32 PM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    Rosewater is very small right now, but its two principles have years of experience building large independent marketing networks.
    29 Jan 2012, 02:45 AM Reply Like
  • brishwain
    , contributor
    Comments (84) | Send Message
     
    TODAY'S LA TIMES:
    "California orders hike in number of super clean cars
    The state's air board issues new rules to automakers as part of its effort to cut greenhouse gases.

     

    California, long a national leader in cutting auto pollution, pushed the envelope further Friday as state regulators approved rules to cut greenhouse gas emissions from cars and put significantly more pollution-free vehicles on the road in coming years.

     

    The package of Air Resources Board regulations would require auto manufacturers to offer more zero- or very low-emission cars such as battery electric, hydrogen fuel cell and plug-in hybrid vehicles in California starting with model year 2018.

     

    By 2025, one in seven new autos sold in California, or roughly 1.4 million, must be ultra-clean, moving what is now a driving novelty into the mainstream.

     

    The board also strengthened future emission standards for all new cars, making them the toughest in the nation. The rules are intended by 2025 to slash smog-forming pollutants from new vehicles by 75 percent and reduce by a third their emissions that contribute to global warming...."

     

    http://lat.ms/ytgvvx
    28 Jan 2012, 11:49 AM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    You have to love a regulatory body that thinks it can order one person in seven to pay a $20,000 premium for an ultra-clean vehicle.

     

    Will there be some kind of lottery to select the sacrificial goats or do they expect volunteers?
    28 Jan 2012, 12:18 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    Yet another "trend is our friend."
    28 Jan 2012, 12:42 PM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    LOL, the first thing that popped in my head was visions of tax penalities and class warfare. ICE's for the po' and the wealthy willing to shell out big bribes to government for the privilege. Big incentives (also have to redistribute all that unnecessary income, y'know) for the maxclean EV's, smaller incentives for the hybrids and ng cars...

     

    And when none of that really works, rake in some nice penalty fines from manufacturers who fail to meet arbitrary CARB numbers.

     

    Its right out of Atlas Shrugged. First you make EVERYONE a criminal, then you rake in the graft, er, taxes and fines, and use the new laws as another club to increase your power over the plantation, er, glorious state of California.

     

    The formula is set.
    28 Jan 2012, 01:09 PM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    On the Atlas Shrugged theme...

     

    Imagine for a moment if the automakers just decide to move their factories out of the state, and sell NOTHING but EV's and used cars there once their numbers hit the CARB wall.

     

    LOL, the trade in "used" cars with very low mileage from neighboring states would spike, I suspect...
    28 Jan 2012, 01:12 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Automakers will no doubt have to raise the price of ICE cars and use the additional revenue to subsidize and lower the price of 'ultra clean' cars.

     

    Auto dealers in Nevada must be licking their chops in anticipation of selling to California drivers escaping the artificially high price of ICE cars sold in California.

     

    D
    28 Jan 2012, 01:23 PM Reply Like
  • 481086
    , contributor
    Comments (3442) | Send Message
     
    Don't even get me started on California. They will spend all their time, breath, and energies, and pay lavish amounts, to shop for just the right shiny silver bullets to shoot themselves in the head with. All on the bridge of the titanic.
    28 Jan 2012, 02:09 PM Reply Like
  • D-inv
    , contributor
    Comments (4181) | Send Message
     
    > Mr I ... :-) Whether the "trend is our friend" depends on how many California expatriates one finds tolerable. Have some holding public office where I live and can't say I find that a positive development.
    28 Jan 2012, 04:01 PM Reply Like
  • 481086
    , contributor
    Comments (3442) | Send Message
     
    Whenever a person moves into a new state, they should have to live there for five years before being allowed to vote on anything local or statewide... that might help to thwart that pesky metastasizing effect. ;)
    28 Jan 2012, 05:23 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    JP ... I think I recall you writing a fairly positive article on increased CAFE standards within the last year ... the intent here (though of course legislation gets mucked up all the time for all sorts of reasons) seems similar, but from a pollution viewpoint/standard.

     

    There is an economic cost to pollution. While I don't doubt it's a very hard problem to quantify and write effective legislation, I think it's a worthwhile goal, and something appropriate for government to address.

     

    The article did point out that there were 3 years of negotiations along the way. It adds some useful details, although obviously there's much more to be revealed.

     

    What's to say that a KNDI model (where you rent batteries not included in the price of the car) and infrastructure investment in several large metropolitan areas couldn't put a dent in the problem?
    28 Jan 2012, 09:18 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2333) | Send Message
     
    I see it's time to spiff up my amazing, miraculous Green Electron Filter for sales in the golden state. What it does, it only lets electrons from Green generators thru. None of those coal, diesel or natural gas generated electrons can get past it.
    How can that work? Simple, the GEF microchip e-nose can smell the pollution on the breath of the brown electrons and closes the door on them. They have no choice but to "keep on going down the line" to another user.
    So when you use the GEF with your EV battery charger you KNOW you aren't making pollution at another location. Nope, it's only Green and Clean electricity for your EV!

     

    I expect a tax credit to cover the entire cost of only $299.95. That includes a sticker for your EV, bragging about how Green you are. (state and local tax not included)
    28 Jan 2012, 11:07 PM Reply Like
  • tripleblack
    , contributor
    Comments (13583) | Send Message
     
    Just occurred to me that there is a way to play the California CARB madness...

     

    Major used car dealers might have a competitive advantage...

     

    KMX or AN might be something to watch, particularly if other states join the lemming rush toward the cliffs...
    28 Jan 2012, 11:09 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    My (incomplete, admittedly. oops) comment was in reference to the possible benefit to Axion and therefore us--the legislative movement towards tighten pollution controls/higher mileage vehicles. IOW SS, hopefully. I haven't read the law's details yet, though. Can it help us, or is it neutral or bad?

     

    And when the heck do lawmakers mandate that the vehicle maker's solutions for such laws have to last for a lot of miles, ala catalytic converters? The current SS lead batteries essentially fail after a short time, I think. Isn't the Axion SS opportunity dependent on the desire for the vehicle makers to use much longer lived, yet still inexpensive batteries? A legal requirement for longer life would be best, but I suppose competitive pressure would be ok, too--"Here at BMW, when we say you'll get noticeably better mileage with our advanced systems, we don't mean for two months or two years like the other guys, but for at least eight years. Guaranteed." You know, the whole truth in advertising thing?
    29 Jan 2012, 01:35 AM Reply Like
  • 481086
    , contributor
    Comments (3442) | Send Message
     
    In all seriousness, pollution reduction, increased MPG, cleaner cars, these are all good things... I'm glad cars are so much better in that regard than years ago and that lead is out of gasoline... and I know the market, as presently structured, wouldn't have done much of that on its own. (though competition certainly helped) But there just have to be smarter mechanisms and incentives, and yes taxes, that could be employed rather than all the clumsy and politicized mandates, draconian edicts, and convoluted penalties, rebates, credits, exemptions and fines presently used to get those kinds of things done...
    29 Jan 2012, 01:39 AM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    Real change will come when people start reordering their lives to live work and play in a smaller area. When I was much younger, we used to joke about the economic dating radius and eliminate the GUDs (geographically undesirable). Commuting three miles instead of thirty does far more to reduce emissions than technology ever can.
    29 Jan 2012, 02:53 AM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    I was in Sweden on Friday and heard something I've always known but never understood. There are two components on every car that an automaker won't put his brand on – batteries and tires. They always take a hands-off approach to problems with those components and try to shift the responsibility back to the consumer.

     

    When you look at the fundamental purpose of stop-start, you've gone way beyond the traditional function of the battery and made it part of a pollution control system. I think, but can't guarantee, that regulators will take a much stronger position on the required performance of stop-start batteries than they have on conventional starter batteries.
    29 Jan 2012, 02:59 AM Reply Like
  • John Petersen
    , contributor
    Comments (30336) | Send Message
     
    Can I write the registration statement for your IPO?
    29 Jan 2012, 03:00 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3030) | Send Message
     
    I hope and think the regulators will care about continuing the environmental benefits, and the consumers about continuing the fuel cost savings and truth in advertising. All help a move to PbC.

     

    Have you guys discussed how the 'continuing' issue will be resolved? Such as, will environmental lobbyists have to get involved, or is there someone already pushing for the 'continuing' to become a requirement? Or will competitive mkt forces be enough? Are the regulators even aware of the problem? Seems like some well-placed phone calls from some powerful people would go a long way...
    29 Jan 2012, 03:28 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    Very true.

     

    But it is harder to invest in conservation than technology.
    29 Jan 2012, 09:28 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » Futurist: Funny, in a semantic twist kind of way, is that I look at Axion's PbC as a prime example of disruptive conservation technology.
    29 Jan 2012, 09:50 PM Reply Like
  • Futurist
    , contributor
    Comments (2113) | Send Message
     
    I see that also.

     

    But turning off light switches, adding insulation, moving closer to work, buying energy efficient appliances, etc are the cheapest way for this country to move forward.

     

    Buying stock in new electric meters, batteries, smart grid companies, etc is risky. The stupid thing is that people don't get that there actions are more important than wall street investment.

     

    Can't someone put out the message. In 1970 we were driving 55 mph for conservation against outside oil. Nothing has changed.
    Shame on us as Americans to have fought two wars since then and not done the simplest task. Shame on US.
    29 Jan 2012, 09:56 PM Reply Like
  • LabTech
    , contributor
    Comments (1780) | Send Message
     
    Oh John, it gets better than that! If you read the report they basically claim that by 2018 the price of EVs and FCV is going to come down so low that it is only going to cost the average owner a few thousand more for one of those car than it is for a standard ICE car! It seems that no one can get fuel cells to work yet, but California is going to force the issue by basically forcing them on the market. There is a little "catch" in the report though. If any other State adopts the same rules as California, then any EV or FCV that an auto company sells in those States will count towards their California quota.
    29 Jan 2012, 10:02 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » That's just great. So now Iowa can claim their avacado harvest is skyrocketing.
    29 Jan 2012, 10:09 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2435) | Send Message
     
    There was a component of the Stimulus Package along those lines ...

     

    http://usat.ly/zEIx7j
    30 Jan 2012, 01:52 AM Reply Like
  • LT
    , contributor
    Comments (5387) | Send Message
     
    I don't think regulation happens without a massive Civil suit for all the battery failures and somewhat false advertising.

     

    I rather think it will "self imposed" by the auto manufacturers when customers complain and warranty claims start rolling in every few months.

     

    Consumer education on known battery life on SS would go a long way. Most consumers would show up for a new battery every time it failed to work as advertised.
    30 Jan 2012, 05:49 AM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » Bang: I can still see my Axion dream I had a couple of months ago, clear as day. I was in a shuttle craft leaving a moon port. I peered out the port window to see a massive stark white, incoming transport ship, completely obcurring my view of anything else. I stared in wonderment as letter by letter A-X-I-O-N P-O-W-E-R slowly passed by, painted in huge black block letters, followed by the pastel pinwheel logo.

     

    We are sick puppies.

     

    ####

     

    What is this? "JP needed some muscle and he needed it now."

     

    Hilarious.
    28 Jan 2012, 11:52 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2250) | Send Message
     
    Typing to fast and meant to type "TG", but was thinking about JP's "financing in place" comment as I typed and typed JP instead.. But as far underwater as JP and I (avg'd at a buck my case") are both he and I both need as much sales muscle at Axion as possible.

     

    What a dream Maya! Wow - and I thought I was a sick puppy. I like your dream a hell of a lot better then mine! Caretaker is here! I'm outta here for the day.
    28 Jan 2012, 01:25 PM Reply Like
  • jakurtz
    , contributor
    Comments (1888) | Send Message
     
    Pointing to a spider this morning my daughter asked me what kind it was. I answered, "battery."

     

    The look from my wife told the story.
    28 Jan 2012, 01:38 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10324) | Send Message
     
    Author’s reply » This way to the next Concentrator:

     

    http://seekingalpha.co...
    28 Jan 2012, 02:13 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • $LINE shorts finally getting squeezed? LINE's largest holder, Omega Advisors, are "comfortable" with their $200M holdings of LINE
    Jun 18, 2013
  • I will be on Mad Money tonight in Cramer's Lightning Round with stock pick $LINE, which yields almost 9%, and yet hit a 52 week low today.
    May 30, 2013
  • Axion Power (AXPW) announces Dec. delivery of batteries to Norfolk Southern for new all electric yard switcher. Shares up 9.87%
    Jan 11, 2013
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.