mrholty

mrholty
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  • Axion Power Concentrator 390: Feb. 22, 2015  [View instapost]
    Mr. I - I think it ultimately gets sold to another battery company for $10M or something.

    I'd hope and wish that before doing that they would allow the original investors one last chance to buy the company themselves back if they wanted. I doubt all would but a few may and probably still believe and may want attempt 2.0 with some sort of fresh capital.

    If I win the Powerball or MegaMillions I'd quit my job and be calling New Castle the day after my check cleared. I'm convinced the Supercab battery has a place in our world and I'd love to spend 10-20 years trying to find it.
    Feb 25, 2015. 01:44 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015  [View instapost]
    For people who like new tech and ideas.

    Portland is installing turbines in their water pipes.
    http://bit.ly/18lmHri

    In the past I discussed this with someone and they told me the energy gained wouldn't match the cost of it. So it this greenwash? Wouldn't these turbines reduce the pressure of the system requiring more total energy to be added via additional pumps.
    Feb 25, 2015. 10:57 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015  [View instapost]
    Thank you Patrick-

    So for holders of the B warrants who are long term (and therefore insane ;)) should not just simply convert. Instead they should hold until a time when there is good news (if ever) and then convert.

    The people converting today are simply clients who want to cash out. Anybody calculate what the return would have been for a person who bought in to Maxim and bought shares and immediately sold the common and the A's and converted and sold the B's this week?
    Feb 25, 2015. 10:55 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015  [View instapost]
    thanks Patrick-

    So if there was actual positive news out New Castle and it did drive the price up the people who had not converted would lose out.

    And everyday this languishes the more people convert and the more potential cash Axion loses.

    Ay yi yi.
    Feb 25, 2015. 10:23 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015  [View instapost]
    When I used to lurk Investorshub.com and would watch the bubbles form there were often posters who would call the transfer agent and ask. I've never done such but I believe it would work.

    For an idiot like myself can some summarize the B shares (I don't have any so I didn't read the prospectus):

    From what I gather:
    Owners of the B shares have the right to convert their B options to common shares for as long as the shares are below $3.25/share.

    Is the exchange conversion fixed after this date or is it a floating amount that could change?

    If one exchanges does AXPW lose the warrant and therefore some cash that was potentially to go to them if the shares were above $3.25?
    Feb 25, 2015. 10:08 AM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 388: Jan. 31, 2015  [View instapost]
    Whoa. Whoa. Stefan I don't like where you are going. You are saying that when I disappear for a week around Thanksgiving to go hunt deer and yet I never get anything that makes me less of a hunter.

    Hell, the last few years I almost forgot my gun case. I just know what time my MIL is planning to show and I disappear a few hours earlier.
    Feb 5, 2015. 01:25 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015  [View instapost]
    I've never understood why Vani was at these sales conferences based on his background. Its why several months ago I wondered aloud about Richard (Dick) Rosey who is Axion's Director of Marketing. These conferences and the fact that Mr. Rosey has 20+ years in the solar industry in the PA and Northeastern US should have meant that he has a solid rolodex and ability when the Pivot to Powercube occurred. Mr. Rosey's background would seem to be more in line and unless there is something else I never understood why it wasn't him instead of Vani at these events.

    Viridinty was not the software provider that BySolar decided not to work with. You are correct in that Viridinty has a problem. Their software is not as good as others and more expensive.
    Jan 30, 2015. 01:02 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015  [View instapost]
    Vani doesn't go to any conferences without his buddy HG Chissell.

    Look at any conference where Vani has been and HG has been there. In fact most of the conferences he has been with HG. There is a reason Axion has no name recognition - nobody has been out there doing it.
    Jan 30, 2015. 10:56 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015  [View instapost]
    Jeez-

    Thats a big office for closure. Thanks for finding.
    Jan 28, 2015. 09:44 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015  [View instapost]
    Battery storage for wind and solar will be a long term trend I expect. However one would expect that this market will be a mix of long slow release and fast discharge (like the PbC). The positive nature of solar is that in certain markets there are economic incentives available which are growing solar and not wind. Where I live a stand alone solar is not economic (15 year payback). Solar + storage is worse. Solar + storage with FR capabilities like the PbC improves it but I get a 8-12 year payback (I'm conservative). However solar + storage in NJ gets you access to the FR market at rates in the PJM marketplace which are 2x the rates in the NYISO and New England ISO and MISO (where I live). That makes the economics better. However NJ, PA, MD and a few other states have something called SRECs or Solar Renewable Energy Certificates. These are only for solar and not other renewables. They are created and sold in a marketplace based on the amount of solar created. Currently in NJ one SREC in 2014 has averaged $170 and is trending up to $190 currently and are given when you create 1 MWh(1000 kwh). Other states such as Maryland, Delaware and PA are worth about $50. However, one will see that rates in DC are over $450 and Mass over $250 so I would expect to see new solar pushes in those states shortly. Last year I had read that Illinois was looking to starting a SREC program but I haven't seen if its been finalized. Chicago, unlike the rest of downstate Illinois IS part of the PJM market which should make the economics very good in that region.

    The SREC are why you hear about solar more than wind and the fact that the panels are a commodity today. I've done some math using some figures and that BySolar project probably cost $3.5-$4.0M upfront before the 60% tax rebate which if we split the middle lowers the upfront costs to $1.5M. At current prices the SRECs for this 500kw project is worth about $100k annually. I've seen estimates that the FR market could get $250k annually but if I use 200k that is still $300k savings annually on $1.5M spent or a 5 year payback before any utility savings.
    Jan 28, 2015. 03:55 PM | 15 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015  [View instapost]
    I use LinkedIn often when looking at new suppliers. Especially with small companies I can look around and see the real size and depth of the company.

    There are also a lot of personal massage and personal trainers on LinkedIn. Often these are more of the very personal and one on one time of services.
    Jan 28, 2015. 03:14 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015  [View instapost]
    I hope the key is the E/W guys and not the Pacific Ventures.

    In theory Axion should have taken its model that was developed with BySolar (and actually from a different company) that put together the economics of the project and hit up every solar installer in NJ. NJ is currently in a boom to install solar. I used to be the finance manager for some of the largest flat roofs in NJ and even back in the early 2000s solar guys would hit me up as it would be a flagship project for them. I used to ask everyone to come back to me with financing and show me the economics. None ever did back then. With NJ's SREC credits and the Cube ability to play in the FR market the value should be there.
    We should have had LOI with 20-30 solar guys in NJ. Not a 1:1 relationship but as another arrow in their quiver to use when it would make sense. We don't today.

    There is one other weird, random thing that I doubt will happen but I want to simply add it. If one remembers TG for a long time talked about work in the Caribbean which was a logical place for projects. This was a relationship TG had with one guy whom TG relied on to get him to people/projects. This was a doomed relationship as the guy caused Axion to work on projects such as the solar lighting project and some other solar projects promising good economics etc. As you all know nothing came of these. My understanding is that TG would front the money/time to build these tests to prove they would work and then the guy who brought the idea forward would go sell. The last project I was aware that TG and this group were working on was a solar project that would store energy in batteries and sell it to docked ships. Typical power in the islands can be $.40-$.50 kwh and these docks often would charge boats $1.00 -$1.25/kwh and take the difference to pay for the opportunity. The users are generally wealthy and basically held captive. The idea was to put solar/storage up and provide the same service but since it was solar it would add green credibility. I'd bet DDG probably saw the time wasted on these projects with no results. Maybe Anna Hofford with her bio (Ocean Sailing) could revive an old business case that is probably all done in New Castle. Extremely doubtful but I'd bet most of the work was done.
    Jan 28, 2015. 11:44 AM | 11 Likes Like |Link to Comment
  • Axion Power Concentrator 386: Jan. 12, 2015  [View instapost]
    I called Mr. Hammell over the summer when I first heard of the delay on this project. Had a short conversation with him but he didn't have any more info that I already had at that point.

    I haven't spoken to him further. To be honest why Axion isn't releasing this to their shareholder base has me concerned that the scope of the project may have changed. I doubt it as the batteries were supposedly on site this summer.
    Jan 23, 2015. 03:58 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 386: Jan. 12, 2015  [View instapost]
    Rick-

    Not sure. I've called BySolar multiple times and never gotten a call back. You should try it. Never have I gotten a person to answer only a voicemail.

    Maybe with you being in NJ you can get them to call you back. I'd love to know. If its operating then AXPW should have put out a press release. DDG may be worse than TG in that regard.
    Jan 23, 2015. 03:35 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 386: Jan. 12, 2015  [View instapost]
    Smarkris-

    Thanks for posting. This was actually one of the 2 topics I wanted to speak to DDG on. I've had this same info but have been unable to get anything back from Bysolar to confirm.

    Ferrara leases the building and has no stake in the solar and therefore no comment when I called a few weeks ago.

    The company that owns AH Realty (or atleast the address on the AH realty property) is called Cornell Pace.
    http://bit.ly/1zDSHlI

    Initial Design review was done on 10/07/2013. On 10/10/2014 the installed project was complete and documents were turned over to review. The solar rebate check was issued on 11/12/2014 and the project is deemed to be complete. This means the project has to have the electronic system, which is what I was told was the holdup, approved, installed and working.

    On a positive side SRECs are holding at $160-$175 per. Earlier this year the future market (was expecting a reduction down to $110). This should be good for the economics. Hopefully they want to do more and can move quickly.

    I have no idea why DDG is doing these interviews referenced above and has this completed project and not putting out any news.
    Jan 23, 2015. 02:42 PM | 7 Likes Like |Link to Comment
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