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mrholty

mrholty
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  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    Iindy- Hearing how they are using it with others almost immediately makes me wonder if they have move the idea the first version being a yard switcher and going straight to the OTR version.

    The rumor that its going to Roanoake in 30 days would also support that as Roanoake has a small yard but is on the Crescent corridor. You could immedidately start testing it on the Crescent corridor. If successful it would save a lot more fuel for the company vs switchers that are idle quite a bit.

    Historically switchers have been the oldest locomotives in the fleet before getting scrapped. A lot of OTR units would free up more locos that would be more efficient and cleaner than the oldest locos. If locos are Tier 0-4 and we call the 999 a tier 5, a tier 5 replaces say a tier 2 on the line. The tier 2 replaces a tier 0 and you get the best of both worlds. Less emissions in yards and more fuel savings overall.

    That makes a lot of sense. Therefore I doubt this is what they are doing.
    Oct 23 03:39 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 375 Oct. 23 '14: S-1 10/22 Revision;NS-999 In Testing; Axion Nasdaq SPO Page Up; EPower & Axion Present At The Battery Show [View instapost]
    Shaggy- you got the same pitch from Len that I did. I'm going to guess that everyone who put in gets close to 100% if not 100%.

    Len pitched me on sell the shares quickly (to whom?) leaving you with your options held for upside.

    Oct 23 02:44 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    The day the original 999 went into service they were so happy with it that they ran it for 18 hours straight to see what it could do. That ultimately damaged the batteries and led to it failing quicker but I think they did that one day when optimism was sky high.
    Oct 23 02:34 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    Agreed. When I saw this in my inbox I was expecting the worse. Much worse terms as I've been leaning toward the view that the reason for a lack of closing. The above change that Mr. I referenced is interesting and nothing if not positive. I can't think to understand why the push from 12 - 15 months but I find the higher strike to be positive for current shareholders.
    Oct 22 01:56 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    The problem is we don't have the cash to just sit and wait for the market to improve.

    At the end of June they had $1.9M in cash with a previous burn of $2.0M/quarter. They have to be on fumes. If you laid off staff you have to pay severance so that would be extra burn in the quarter. I don't think AXPW can wait.
    Oct 21 11:53 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    Speaking of black chickens. Has anyone seen this?

    http://bit.ly/1sKQIWO
    Oct 21 10:38 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    HT L-

    I hope you are right. But usually teething problems are usually small mechanical issues. If this can only run for 4 hours without a recharge then the NS999 program is really troubled. That is on engineering. I have no idea of what the engineering requirements were for the loco but I can bet that they expected it to run for 10-12 hours and would be able to handle large loads.

    I know we use the off cited 80% in idle and 20% in use for a yard switcher but what if that is across the fleet. When I worked for the airlines this was a common statement about our tugs that shuttled luggage between the plane and terminal(s). I had always accepted that as gospel as everyone used it. After about 4 years of being there I download our systems mileage on these hundreds of tugs. What we actually realized is that 40% of our tugs were used a lot every day, there were 40% used at peak time during the day and 20% were basically in storage. We actually did our Preventative Maintenance on our vehicles based on a calendar date and not mileage which was a mistake as no one really noticed the usage differences. Changing our Prevenative Maintenance to mileage (hour) based allowed us to cut our spare fleet by 40% due to less downtime and we saved some serious $ in both materials and less labor to do repairs. Good data can show some amazing things.

    I'd expect similar patterns of usage across NS yard fleet. They probably have fleet locations where it is barely used and others where they are used frequently. If I was NS I'd want to maximize my emission reductions by getting rid of the biggest users first and then I'd cycle my new slugs to less busy areas and scrap the oldest slugs that are probably in the least used places already.
    Oct 17 05:43 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    Not a good post from AltoonaWorks...

    Experimental NS 999 has seen work this week, at least 3 times now. It starts out strong, able to pull 45 to 50 cars unassisted on a grade, but unfortunately only lasts 3 or 4 hrs. This is an improvement over its original configuration back in 2009, however. In this short clip, 999 is about to start a shift.

    If that is true than the project has problems.
    Oct 17 04:53 PM | 12 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    Rick-

    I'd bet they would do something like that on a further roll out.
    Oct 17 03:05 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    You wouldn't want to take the slug away from its normal place of operations so I wouldn't expect the design to require mid day chargings otherwise it will be a failure in the real world.
    Oct 17 12:17 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    Or maybe they don't feel comfortable selling their entire allotment.

    On a business side I am surprised that Axion hasn't put out a news release on the NS999. Yeah it sound cheap. At this point Axion needs news.
    Oct 17 11:59 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    The original 999 ran 16 hours its first day as they were so happy with it. They ran it into the ground not to see what it could do but because they could.

    There are a lot of people within NS that are distrustful of this as its new. Most of them are this way as they have been burned this way before with something new. Even if engineering in Norfolk wants it be steady there will be local guys who try to kill this thing. If this works the yard guys who love NS will be crowing about it but they will be cautious at first.
    Oct 17 10:27 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    Exactly Rick.

    HTL I assume the regen would be used on an OTR. For a slug it wouldn't be worth it. Most yards have a slight grade to them as well.

    I'm surprised at the negativity here today. We have proof that the NS999 was actually in service yesterday. Baby steps, people. This is good news.
    Oct 16 02:54 PM | 11 Likes Like |Link to Comment
  • Axion Power Concentrator 373 Oct. 12 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    Bob - I agree that DDG may be. The problem is TG expected some to that never happened.

    Additionally, I don't think an accountant would sign off on the "going concern language" based on the fact that the company stock was going up. Doesn't make sense to me.
    Oct 14 05:33 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 372 Oct. 08 '14: Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014 [View instapost]
    I know. But what if Telsa realizes they are frying their own batteries in their charging networks and wants something more.

    I can dream. Having Elon's name around Axion would be a $10 pump.
    Oct 9 05:19 PM | 8 Likes Like |Link to Comment
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