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KirkTierney

KirkTierney
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  • Axion Power Concentrator 89: April 17, 2012: What A 300% Revenue Increase Really Means By Futurist [View instapost]
    Nice spotting.

    I thought that naming the company after the mysterious "dark matter" particles of quantum physics fitted well with the nearly-invisible particles of carbon nanopore that were always killing every computer we installed in the carbon lab.

    Indeed, our first web pages featured a top banner of a translucent photo-micrograph of the tiny black nanopore bits we'd found. Not that anyone else understood at the time, although some of the scientists thought it was good "dark" humour.

    kt
    Apr 20 08:14 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 61: Beginning Feb. 3, 2012, Axion Power Direct Shelf Offering Part Four [View instapost]
    Spot on, JP.
    Feb 4 04:55 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 60: Beginning Feb. 2, 2012, Axion Power Direct Offering Part Three [View instapost]
    Fave lawyer joke for JP.

    You are waiting for an elevator in a downtown business tower. The door opens, and the one man in it -- a lawyer -- waves his hands and shouts "Watch out, there's a tiger in here!". You are alarmed, as an actual tiger springs out of the door. As you back away, you reach in your pocket for a pistol with only two bullets. The tiger prepares to pounce.

    Q: What do you do next?

    A: Shoot the lawyer twice, you'll be safer that way.

    kt
    Feb 3 12:44 AM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 60: Beginning Feb. 2, 2012, Axion Power Direct Offering Part Three [View instapost]
    Then you really won't like this one, Futurist.

    A blonde walks into a shoe store, and approaches the manager.
    "There's a hole in these, and I just bought them yesterday", she says. The manager examines the stylish new shoes. He looks carefully, feeling inside them. As he looks up, somewhat confused, the blonde says "Oh! Now I get it ... the hole is where I should have put my foot."

    kt
    Feb 2 08:32 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 59: Beginning Feb. 1, 2012, Axion Power Shelf Offering Part Two  [View instapost]
    Heyaz JP,

    A smattering of thoughts relating to your comments. There's a mouthful, JP, so don't get all "I-gotta-answer-all-this" about it, my friend.

    o At this point, page turned, I feel that the miles marched toward a break-even on cash flow is the the measure that most counts. The balance between burn rate, reserve, and hard orders is going to be our new topic for a fair while. Do you agree?

    o I would prefer, on that march, that "nickles-like-manhole-... concept should stay firmly in place. I imagine that I am not alone in that, but there are some difficult issues. There are frankly some compensation issues that do not seem to be in line with that strategy, and I'd love to hear some opinions on that.

    o The Gen 2 line can make hundreds of thousands of batteries. I cannot recall the numbers at this coffee-deprived moment. Time for a new guesstimate? Can a breakeven quantity be achieved on this line? Is capital required at present to hit break even.

    o We do need to remember that getting an order "made" involves spending money, but could that be debt financed? There's a discussion there.

    o What was done in the raise was frankly the minimum needed. Double that at double the price would have been better, but that required more than just a high market price. I think we all wonder about another raise in the future. Remind me of the "rules of thumb" needed to get off this exchange?

    ---

    Some work for the many to do, and probably just the tip of the iceberg. Maybe I should have said these as separate topics, but then again, this is a list, not a discussion, so I'd love to see other people's lists collated too.

    kt
    Feb 2 08:48 AM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 59: Beginning Feb. 1, 2012, Axion Power Shelf Offering Part Two  [View instapost]
    Ant,

    Well said.

    kt
    Feb 2 01:08 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 59: Beginning Feb. 1, 2012, Axion Power Shelf Offering Part Two  [View instapost]
    I thought the statement was meant to indicate the situation without the raise having gone through -- because it has not actually closed yet as of the issuance of the prospectus.

    My understand was that they would run out of funds by August, or thereabouts. With this capital, of course, this changes, and the question is what is the current net burn rate, and what will happen in while this cash is being consumed. We will sure be watching that in the next ConfCall.

    kt
    Feb 2 01:03 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 59: Beginning Feb. 1, 2012, Axion Power Shelf Offering Part Two  [View instapost]
    JAK,

    I really liked your thinking in this.

    kt
    Feb 1 08:11 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 59: Beginning Feb. 1, 2012, Axion Power Shelf Offering Part Two  [View instapost]
    I have an aversion to certain kinds of phone calls. On the other hand, WTF.

    General comment on the financing.

    o Thank God that's over. For all of those nice business prospects, lacking this funding was a serious underlying risk. It had to be.

    o The deal was cooked long ago. Examine an MA40 for three months, and see at what point (as investor in the deal) you would have confidence that you were getting a good deal at an intersection of important announced and unannounced developments. In all of January, the MA40 moved up by only 4 cents.

    o It was not entirely Axion's call. Axion did not want the deal to go away -- it could have -- nor to get too close to the end of cash. That would have been begging for big trouble in seeking other financing.

    o I believe a page has turned, and the company is now much more stable. I believe the stock price will recover well, but that is not my forte -- just my belief. A bit of good news will help it along.

    o Debt is a killer at this stage. Pref shares are a killer at this stage. Insane warrants are a killer at this stage. We got a clean machine with some wiggle room and a better balance sheet.

    So now I am rifling my coat pockets. I have waited long enough.

    kt
    Feb 1 07:01 PM | 23 Likes Like |Link to Comment
  • Axion Power Concentrator 54: Beginning Jan. 25, 2012, John Petersen's Article On FINRA Data [View instapost]
    Hi Bazooooka,

    Opinion?

    a) Fabricator/partner: 'Else.

    o Recall that the 'Cube contains many components requiring fabrication, integration, certification, and support besides batteries. My "opinion" is that a European-grid player is the way to go.

    o As for European fabrication of the batteries themselves, I personally think that "USA first until all is healthy" works in so many different ways. It goes well for new-product risk and timing, and is a second source for subsequent European battery manufacturing. Its a ways off, and I expect that several combined-market pressures must build for the case of a mainstream PbC manufacturer setting up.

    o Exide? Many feel that Exide has shown itself to be untrustworthy or at least not very smart. Lacking an exclusive, that past relationship between Exide and Axion becomes an issue ten seconds after another major player appears. A juicy topic -- but wholly speculation.

    b) Viridity equivalent? See (a).

    On the other hand, Viridity's model goes far beyond BESS assets, in its thinking; in many ways it is technology neutral, and smart-grid saving weighs as much as BESS storing. There is no equivalent yet in Europe that I know of, but that is a matter of time and timing.

    The German government effectively forced the upon its grid the world's hardest charge toward alternative energy. For them, abandoning that stance to a judgment of forcing an unreliable and a destabilizing provider upon the grid will be politically difficult. If a "let's make a Viridity fix" mostly requires a bit of win-win tariff adjustment, it is my guess that there will be some quick political work. Furthermore, if that fix involves a viable kick to a German manufactured-exports to the rest of Europe, well, how "efficient" can you get?

    So I too see this as a big opportunity -- and this time, I would not expect to have a "guessing game" go on for years. Lessons learned. This time, I think that there will be samples shipped and there will be names named.

    kt
    Jan 27 12:18 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 54: Beginning Jan. 25, 2012, John Petersen's Article On FINRA Data [View instapost]
    I am a Canadian, which means I primarily watch American news in order to understand how my future will fare. I have plenty of opinions, but I think they would be unpopular.

    Our comparatively-grey governments up here get an entire election over and done in 45 days, primarily because we dislike all of our politicians, and merely want to know who we hate the most before we vote strategically to block them from power.

    Suffice it to say that I understand how people can demand less government, if government is corrupt and inefficient. But this past year, I voted for the socialists, on the basis that they were quite unelectable, but were a comparatively uncorrupted counterbalance. (I wouldn't know what to do if they actually won.) In the end, they came in second, with rather a lot of people here voting as I did.

    I hear that JP also admires the Swiss' unshakable need for weak federal governments, fostered for centuries by the fear that they might actually try to "do something" if they had a clear majority.

    It's this superpower thing; it so limits your options in the 'States because you actually want strength in your governments.

    kt
    Jan 26 09:48 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 54: Beginning Jan. 25, 2012, John Petersen's Article On FINRA Data [View instapost]
    Kind of you to say so, Tom. Probably not true, but kind anyway. You will soon see some comforting evidence that Axion is substantially ramping up its efforts in major-opportunity markets. And also, the days of "let's guess who is at the table" are fading.

    kt
    Jan 26 08:28 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 54: Beginning Jan. 25, 2012, John Petersen's Article On FINRA Data [View instapost]
    Hi Tom,

    As in, "are engaged with that market".

    kt
    Jan 26 04:44 PM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 54: Beginning Jan. 25, 2012, John Petersen's Article On FINRA Data [View instapost]
    I read with interest JP's article on the German growing disenchantment with solar power. But near to this topic is a major opportunity: Rumblings that the German grid is being destabilized from wind and solar long- and short-cycle fluctuation. The need is urgent.

    I believe that Axion is actively "on it", so consider what they were able to recently show with their PJM/Viridity work, their Envision work, and such. This is a huge market, dwarfing automotive in the short term.

    I wonder if that link can affect financing opportunities.

    kt
    Jan 26 12:28 PM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 53: Beginning January 24, 2011, John Petersen's Article On FINRA Data [View instapost]
    Axion wins another legal action.

    Try this mouthful:

    On the 20th, the US Court of Appeals issued a final rejection of the Taylor Group's two motions for a new hearing, after their loss in that court of an appeal against the the US 9th Circuit Bankruptcy Appellate Panel's decision to refuse the Taylor Group's appeal of a loss of five separate Taylor Group motions-to-reconsider 9th Circuit Judge Gregg Zive's Summary Judgement decision against them, forbidding them to further press claims in Canada that they in fact substantially own the PbC technology.

    Or try this one: Supreme Court? Hell yah! (Sure.)

    Tom Granville has to put up with a lot. I hope this is one less, but then again, I hope for World Peace.

    kt
    Jan 24 10:00 PM | 12 Likes Like |Link to Comment
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