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mrholty

mrholty
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  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Indy-

    Is this the link?
    http://bit.ly/1oX5BzG

    Then go to the one for Monahov?

    Seems like ALBAC is in for the Ultrabattery...Why?
    Aug 19 12:19 PM | 3 Likes Like |Link to Comment
  • American Power Group: The Little (Dual Fuel) Engine That Could [View article]
    Odaat-

    I have no position. Watched during the rise and fall and have done a bunch of DD on this. Wasn't the Westport/Cummins engine stopped due to low demand not due to technical problems. Isn't this a sign of saying that the demand from customers isn't there.

    I used to watch ANGI as I hoped they would go public but it appears that they sold out to Gilbarco/Veeder Root. Isn't the issue for CNG more around the issue of loading time. Slow loading works and is economical and we see that in conversions with UPS (1,000 trucks) and garbage trucks as they all return to a depot overnight. This is a good solution for many class 8 truck haulers who return to base overnight but isn't Cummins/Westport basically throwing in the towel for CNG as a long haul truck.

    This doesn't mean its a bad investment. It just becomes a niche, a sizeable niche, of the class 8 market. I also like the idea of a glider marketplace as it fits the economics of those guys better than the long haul guys.
    Aug 19 12:04 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    John-
    Not that I don't trust you. Do you have any examples of where companies went from unregistered deals to an underwritten deal for a smaller company. I tried to find a few from Maxim tombstones on their site and have found nothing really comparable.

    This would be considered a PIPE deal as well wouldn't it?
    Aug 18 03:53 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Thanks John for the answer.

    I'm guessing any buyers via Maxim would be buying because of the underwriters reputation and less on the prospectus other than the needs for cap ex and working capital.
    Aug 18 03:39 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    John-

    Sorry about my question as it wasn't clear.

    I'm not concerned about dishonesty et cetera.
    As part of the process and conversations with mgmt. the underwriter has a much better grasp of what is in the companies future (hidden by NDA or whatever).

    Can the underwriter discuss these items with clients whom they are trying to place securities?

    Once doing research on a small company in Canada I ran into a PIPE situation and learned details of 2 deals that were unknown to the market. This was on the Vancouver exchange however where rules don't apply.
    Aug 18 01:06 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    John-

    I asked you this earlier I think. If a company owns up its entire history to the Underwriters how much can and realistically do the underwriters share with their clients?
    Aug 18 12:38 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    John-

    What would cause the change in broker/dealers perpective in a year?

    By almost all accounts the past 12 months were disappointing to outsiders. What information can mgmt. provide to the broker dealer. And what can the broker dealer provide to prospective guys who want to sign up.

    Lets say that DDG has a pending order based on X conditions (improvements to electrode facility, etc, etc). Can AXPW and will they provide that to the broker dealer? Will that broker dealer disclose that to people when they are trying to place the security?

    Wouldn't that be a violation of Regulation FD?
    Aug 15 03:44 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    John-

    IIRC the majority of the equipment in the battery plant is for AGM batteries and the rest is traditional LA. The drop in portion of the electrodes requires a AGM type facitlity so if we were running only PbC we couldn't run 3k batteries/day with current equipment.

    I agree that the bigger bottleneck is probably around the electrode side. The question is what does $2M buy and what is the lead time?

    I'm sitting here and thinking if I was a board member what would I do. If the capacity is for electrode assembly due to a transporation order/production I think I'd direct the company to borrow the money from a bank.

    If the expansion is for the PowerCube business I'd be hesistant to approve it as talk of PowerCube sales have been in the pipe for a year know. Yeah I know this time may be different but I think you need to build the first one first.

    I struggle with the idea of issuing 45M shares (using $.10/share) if as your shares are undervalued as we think. Borrow $10M and use a chunk as you will have the capital upfront to build some powercubes. Announce the sale/installation and follow up order and the share price will be higher. Then issue shares for the capital expansion.

    Last year we as a group assumed that the PIPE was ok and the shares wouldn't crater as TG wouldn't have signed a deal without a kicker in his pocket. That kicker never came.

    If we use the estimate that our PbC capacity is 33k/annually (from an estimate by PbC Yoda) that means we can build 450 batteries in a week. IIRC there was 500 batteries in the 500 kw battery order so we can build a 1.25MW order in just over a couple of weeks. My guess is you can have the batteries done by the time you are assembling the control electronics.


    Aug 15 02:55 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Don't blame me. I took advantage of what seems like a poorly priced bid. I could be extremely wrong with this. Its happened before.

    Last week I was excited about the need for capital investment and requested need for additional working capital. Its what I've been waiting for during the last 3 capital raises. As John likes to say you don't commit $ to add those items without a purchase order in hand.

    The problem was after seeing the 10Q I have no idea what those will be for. Our current facilities are underutilized today and that is before our tolling contract winds down. We have estimates that our facility could pump our 33k-100k batteries annually. Using that lower amount that would mean $11.5k in revenue. That would be fantastic and our stock would be repriced. Our current facility is appropriate for any future ePower and Powercube orders. We have no news on any island project(s) and even then I believe that like any other storage project it will be lumpy, if at all and probably have plenty of lead time.
    Yesterdays report that Iindy posted made more upbeat about NS as it explains what they were doing in 2013 as it looked like they were twiddling their thumbs. That is positive but even still - rollout will be gradual.

    This means two things could be left. Automotive and non ePower trucking. Neither of which are mentioned in the filing. AT ALL. No generic refenences such as work is ongoing with regards to something like "Tier 1 Automotive suppliers and OEM in various stages of testing"

    The 10Q was a damp blanket on my enthusiasm.
    Without it I don't feel comfortable putting money there and I'm not alone. Sure its not fair to blame DDG for TGs past mistakes but AXPW is not a one man show. For TG to be getting such bad information multiple times had to frustrating for him and shows a problem within. I don't think TG was a fool.

    I have no problem with not having a CC. Notice Walmart did theirs with a published recording. DDG has one chance to make an first impression with private shareholders and legacy owners who have carried the company too long. Even a letter stating that they are focused on the utility markets in the short term while continuing to still work to catch a whale in the transportation markets would be welcome by this investor. Appologize for overly optimistic forecasts in the past if you are not comfortable but give us something. We knew they were optomostic as they published open POs like one would publish actuals sales.

    This blog may be a bad thing as it gave AXPW mgmt. the thought that they didn't need to communicate or if they followed this that its a huge time sink. Both are true. I've never liked John's battered spouse = AXPW shareholders but it may apply here. Maybe I'm the battered spouse who has known for a while that he has wrongly believed in his head that its going to get better and it doesn't and eventually they get the strength and move out when he's gone at work.
    Aug 15 11:03 AM | 11 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    The first 50k sales was mine. It was for a flipped trade. I had bought 50k last week at $.097. I wish I could take a 10% return weekly.

    Sadly the shares I still own are down by a whole lot more. A lot more.

    Long Shareholder since 2011.
    Aug 15 10:00 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Or maybe no letter at all.
    Aug 15 09:27 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    No you were not the only one. But I didn't get a call either.
    Aug 14 10:57 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Kevin-

    What fun would that be?

    At this point I think the better game would be pick the share price at Dec 31, 2014 and Shares Outstanding. You have account for a reverse split at a TBD ratio and if they can close the financing.
    Aug 14 09:42 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Rick-

    My problem is how do we know a letter is coming. There may not be one...

    I agree with the rest of your statement.
    Aug 14 08:51 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Rick-

    My first take on it was that they continue to use the term investor. I thought that maybe these might be guys who want to buy equity in the company. That could be a positive.

    Then I read it the same as you. Negative.

    I also find it interesting in that they continue to list them as investors vs (potential customers).

    If they really are doing the entire site selection, spec'ing the sizing, etc and they don't have a firm commitment I'll go crazy. I know they don't the money to front this but they could go to a green blog and offer people bond return at 8-12% and gear and lever up. Create a fund and borrow at 3-6%, lever and tell investors 8-12%. There are/were a ton of funds that did this a few years ago in Europe.
    Aug 14 08:29 PM | 7 Likes Like |Link to Comment
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