H. T. Love's Comments

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Sat, 25 May 2013 10:39:08 -0400

D-Inv: ISTM that breaking down the water, after "cleaning", and later combining it again to make, again, "clean" water is not the best application of the energy. I think stopping the process right after cleaning the water would be a better strategy.

I'm thinking of the energy-in vs energy-out thing - I forget the acronym ATM.

However, having said that, *if* the H is to be produced and stored anyway, then when it is burned, producing only clean water as it's exhaust, we could certainly use it. Exactly where and how is something I've not thought of.

Regarding the storage of H in the NG pipeline grid, no clean water available from that route as the H is only a small percentage of the gas volume & weight (of course!). We would need an H-only storage process, or a cleaning of the "hythane" exhaust, to really make it workable and, IIUC, the storage aspect has been pursued a long time w/o success (economically I mean). It does exist on industrial scale, I guess, a few places where the economics justify it.

MHO,
HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Sat, 25 May 2013 10:00:51 -0400

LT: I too have only one response. None of what you post supports "hides failure behind NDA's".

The "and a CEO who has problems developing and nourishing relationships" has, at best, tenuous support from what you present if the assumption is that all or most attempts should result in success

These clauses were my concern. Cause and effect is not clear just from (apparent) correlation and your wording suggested causes that were quite negative towards TG's integrity.

HardToLove

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Sat, 25 May 2013 08:24:03 -0400

LT: Great info I'd not realized in that article, even though I've been following, and in/out of (HYGS) for some years: "From Sep 2010 to Sep 2011 Ontario sold about 278 GWh of energy at negative prices to neighbours and paid about $15 million dollars to do so. That was with only about 1,400 MW of wind generation on-line. When we have 7,500 MW of wind generation in 2018 and if demand growth continues to be weak, we will have a lot more surplus energy".

And that leads to a paragraph that bodes well for all viable forms of storage, including (AXPW), which all of us here already know: "The best solution, he said, would be a way to store unused energy when the wind is blowing. But we don't have a good way to store large amounts of electricity".

The costs of starting and stopping base load capacity or mentioned, but not detailed. So additional savings s/b available from that avoidance.

If storage could save a substantial portion of that $15MM in just one utility and amortize quickly, in utility time-frames, there's going to be room, and need, for different technologies in huge proportions around the globe.

As to HYSG's effort, I really have only one concern - generation from water. As we all know there are issues with potable water availability already and, I *believe*, "clean" water is needed for fuel cells so as to not shorten the lifetime. This may put an upper bound on application of this technology, along with the need for existing pipelines. It should be a high upper bound for a long time though.

Thanks for the link!

HardToLove

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 18:16:04 -0400

MrI: I thought I mentioned this might happen? Or, more likely, I thought about mentioning it and then the "senior moment:" took over. Anyway ...

MHO is that this is just an effect of the increased MM participation by the more active ones we've seen which corresponds to the daily short increase combined with the "standard" T+3 effects.

Daily shorts last three days inclusive of 5/15, some of which will not have cleared & settled at the close for the reporting period, were, in thousands: 778.10, 590.69 and 370.42.

That number you show doesn't suggest anything concerning to me at all.

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 17:56:12 -0400

JP: not only are we not giving up, we're (some of us are?) doing things to allow an increase with less guilt. For my wife's account, which I mentioned a while back I had sold some of her trading blocks, I played another stock for the last 30 days or so and took ~14%, fees included, profit. On another took 8.44%.

This in preparation for a "down the road" scenario that will appear attractive to put her more overweight in Axion again. The opportunity cost of just sitting became too onerous. Proactive, for me is better,

However, I've not released any of my account shares and have been working with less dry powder towards the same end. That sucks! :-)

HardToLove

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 17:34:02 -0400

JP: I hold to my view that it's just the mix of market-makers - we had "new" ones become much more active.

The timing of the short increase was very closely correlated with their appearance.

HardToLove

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 17:26:45 -0400

MrI: Possible. But if so, I assume they would prefer a profit over a loss? Or at leastn a smaller loss? For that reason I presume they would want to sell at higher prices, which have been available at various times on the bid throughout the day(s).

And if they are at all alert and have at least L2, they could see how well the offers are holding their ground recently and would know they have a good chance of getting a better price. They could also see the habitual withdrawal of best bids at the close.

My conclusion is that they are not acting to satisfy the above two possible objectives I mentioned.

Of course. they could be just totally clueless, a low-percentage likelihood I think.

HardToLove
P.S. We (I?) believed that many of those were MMs "balancing" their portfolio at EOD. It was a reasonably reliable indicator that Quercus was active for some time. There were times we could even match them to trades during the day, pretty closely. This behavior now doesn't have the same "smell" at all! ;-))

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 17:11:34 -0400

LT: I've not commented on some of the stuff you've posted, but this is going overboard, IMO. You make assumptions about the reasons for his behavior for which you have no evidence. Ditto for relationships since you don't know what relationships may be in development.

For the sake of your self-respect and image, if you care, I think you should be more careful about how you evaluate these sorts of things - like all of us you must work with incomplete information.

To address results is one thing, to assign reasons that you *choose* to assume is another.

HardToLove

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 16:53:19 -0400

MANIPULATION ALERT!

Two consecutive days ... At the close ATDF, typically the top of the bid, withdraws it's bid, exposing the next lower bid to the market. Some other MMs also withdraw their bids.

Anyway, two days in a row, we now have an AH trade that hits the bid, yesterday $0.26 when the close was $0.2690, and today hits the bid at $0.2602 when the close was $0.2611.

Now, my TFH could be all wrong, but why would someone hit the bid (sell) at a lower price after close than was available throughout most of the day? Well, it does cause "last trade" to appear lower on all the platforms and that might lead folks to think there was weakness in the price action.

If you are trying to spook folks into releasing shares more cheaply than they should, this is one way to attempt it.

As we all know now, there's a possibility that some "financiers", some of whom might be "unsavory", have an interest in the stock that they did not heretofore have. There may be other parties with ulterior motives as well.

So, don't make you decisions on this sort of late-day action if you've been thinking of releasing some of your shares. The buying sentiment is realatively strong, based on recent action, and you should be able to have some kind of decent price if you must let some shares go.

Today the sellers held the line pretty well, again, with just a few instances of folks getting antsy and jumping to the front of the offers. This is reflected, w/o that extra 6K, in the VWAP today of $0.2648, a buy:sell of 1:1.63 (39.45%), which is right in the normal range seen in typical day-to-day variations and VWAP appreciation since the financing (prices here 5/1 and forward): $0.2585, $0.2492, $0.2563, $0.2609, $0.2588, $0.2513, $0.2492, $0.2466, $0.2417, $0.2372, $0.2446, $0.2592, $0.2599, $0.2575, $0.2594, $0.2598 and $0.2644 ($0.2647 w/o the AH trade yesterday).

The trend is more apparent in my instablog charts I think.

MHO,
HardToLove

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 14:17:53 -0400

WIO: Pick and choose the pieces we want? Possible Dutch auction style with liabilities associated with certain pieces and not others?

HardToLove

QC #257, May 10, 2013

Fri, 24 May 2013 13:08:25 -0400

JAK: When I heard that yesterday on CNBC, I gagged in disgust.

HardToLove

QC #257, May 10, 2013

Fri, 24 May 2013 10:15:15 -0400

WWT: This is the start of customary run up into the quarterly report I mentioned. "There Will Be Waves".

HardToLove
EDIT: Aided, I think, by an optimistic sentiment ATM.

QC #257, May 10, 2013

Fri, 24 May 2013 10:13:49 -0400

SMaturin: Not going quite that far as then we'd have some a$$holes inspecting other a$$holes.

HardToLove

Axion Power Concentrator 239: May 24: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 09:17:46 -0400

05/23/2013: EOD stuff partially copied from instablog (up later).
# Trds: 32, MinTrSz: 250, MaxTrSz: 10000, Vol 114349, AvTrSz: 3573
Min. Pr: 0.2550, Max Pr: 0.2690, VW Avg. Tr. Pr: 0.2644
# Buys, Shares: 23 84950< VW Avg Buy Pr: 0.2660
# Sells, Shares: 9 29399, VW Avg Sell Pr: 0.2599
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 2.89:1 (74.3% “buys”), DlyShts 33000 (28.86%), Dly Sht % of 'sells' 112.25%

An AH trade of 5,100 shares at $0.26 doesn't appear on the FINRA daily short sales. Excluding this volume would yield a short percentage of 30.21%. If those shares are included and are also short sales the percentage short becomes 33.32%.

Note that VWAP made a nice bump up. This appears due to the sellers becoming much more disciplined as the number of changes to the ask price was substantially reduced from what is normally seen. From 11:13 through the close, the ask seemed to stay at or above $0.2689. But I didn't take near as many peeks today as normally. This seems to have caused a constant move up in the bids throughout the day during the times I took a look. This occurred with ATDF and NITE, two of our long-time “usual suspects” being at the front of the offers at the times I looked. A refreshing change.

Average trade size remains depressed, in the lower range of what I believe is retail trading. Regardless, the buy:sell was very positive, continuing to demonstrate what I believe is a perception of favorable risk/reward at these prices by the buyers. The action of the sellers makes me think that some of them may be changing their thinking too – I suspect that now they lean towards holding out for higher prices since the risk seems reduced. Maybe, I don't really know. Regardless, the buy:sell averages have all migrated back to near-normal levels and continue to move in that direction.

All six of my original experimental inflection point calculations showed one-day improvements. Four showed improvement in the change over five days. Four also showed improvement in the average rate of change over five days. The five-day calculation ha crossed above zero, but we know that one's a bit flaky and wee need to wait for the longer-term ones to improve enough to make “the pattern”. My newer version has all six showing one-day improvement and, as with the original, the five-day calculation has moved above zero. But the change over five days has only four improving and the average change over five days only has two improving while four have deteriorated.

It's the falling volume that prevents signaling a bullish move right now.

Details of “Dly Sht % of 'sells'” and inflection points omitted here.

HardToLove

A speculative play on UQM

Fri, 24 May 2013 08:27:16 -0400

SA has a transcript available.

http://seekingalpha.co...

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 08:25:06 -0400

Thank you Wtb!

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Fri, 24 May 2013 08:24:10 -0400

John,
Anyway to tell what the price of the shares to the selling stockholders really is? $0.25 is listed early as a sell price but page three shows conversion and exercise prices of $0.264 and $0.302, subject to adjustment to the selling stock holders.

Thanks for any possible clarification,
HardToLove

QC #257, May 10, 2013

Fri, 24 May 2013 07:30:44 -0400

D.G: The acronym was correct, but *who*? Thinking of Obamacare and the same folks will be "enforcing" that as currently enforce tax regs, more rigorously against some segments of our society ...

HardToLove

A speculative play on UQM

Fri, 24 May 2013 07:22:41 -0400

Yes. There were some good questions that drilled down quite a bit from a private investor. And the Wells Fargo analyst had a small rant about "Why can't we sell these great products".

COH good for two years or so, they've already sold sme of the CODA inventory to other customers, hope to recover some of the stuff shipped to CODA, but the court process is long and title may have transferred to other parties already, AUDI testing going well, SAAB seems to be getting back to the point they might revive and other such.

Worth a listen for more detail. The re-play # is in the PR.

HardToLove

QC #257, May 10, 2013

Thu, 23 May 2013 18:28:28 -0400

From 5/17, "American Industry Collapsing Into Q2"

I think one of the more notable facts include "Summarizing, the Empire State Manufacturing Survey General Business Conditions Index fell into contraction territory in May, falling to an index mark of negative 1.43, from +3.05 the month before. Like the national Industrial Production data, this result also fooled economists who saw the index improving slightly this month to 3.75".

There's lots of facts, using standard data, supporting this author's assertion.

http://seekingalpha.co...

HardToLove

A speculative play on UQM

Thu, 23 May 2013 17:44:46 -0400

Ignore that PDF - 2012. New one not up yet AFAICT.

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Thu, 23 May 2013 17:14:47 -0400

LoL! We think our lack of sales is difficult. Listening to the (UQM) cc, the Wells Fargo analyst is carrying on a couple of minutes about no sales for a great product over 5-6 years and when will they come, etc.

So at least (AXPW) is not the only one in this situation. He's still pushing "What's going to bring the sales?".

HardToLove

A speculative play on UQM

Thu, 23 May 2013 16:20:31 -0400

(UQM) Technologies Reports Fourth Quarter and Fiscal 2013 Operating Results

http://bit.ly/10qDnme

CC in 10 minutes 1-8885497880 conference code 4620332

Report PDF http://bit.ly/16ctKQ6

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Thu, 23 May 2013 16:15:33 -0400

JAK: Excellent thoughts! I have no idea how likely, but certainly seems like valid possibilities, all things considered.

MHO,
HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Thu, 23 May 2013 14:35:12 -0400

Anybody notice we're trading higher than (ZBB) again?

HardToLove

Hindenburg Omen - November 13, 2012

Thu, 23 May 2013 13:58:30 -0400

AR: I suspect we're off the Hindenburg hook until the seasonal Eurozone crises fires up again. I can't wait - I want to see more Nigel Farage(sp?) videos! :-)

I'm well, and hope you and yours are also. Heading into summer up there I expect it's getting breathtaking again?

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Thu, 23 May 2013 13:54:01 -0400

LT: I suspect attendance was suggested by their investment bank. AFAIK they've not gone to a non-technical forum before this.

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Thu, 23 May 2013 12:52:08 -0400

RBrun: IIRC, someone said there's was an issue with the inverters. Didn't TG say they had tried a different one and now wanted to go back to their original supplier, Princeton Power?

HardToLove

Axion Power Concentrator 238: May 21: Axion Power Reports First Quarter Results For 2013

Thu, 23 May 2013 12:17:52 -0400

D-Inv, Iindelco: As you suggest, ISTM baseline establishment ought to be part of some protocol to assure that observed changes are attributable to just the electrode and/or acid changes associated with the carbon electrodes.

MHO,
HardToLove

Axion Power International (AXPW) 2/13/2012 And Forward One Year Experimental Charts Snapshots

Thu, 23 May 2013 11:57:38 -0400

Yikes on the keyboard.

On the calcs, the charts sort of incorporate that because there are no one-day calculations. The shortest is five days, so the calculations incorporate buy:sell and volume, in combo, as an array calculation.

The newer version ditto, but with some other factors added in.

What this adds up to is that the tail, the middle and the head of each period (5, 10, ...), are really showing an aggregate trend already, somewhat like an average might do. One thing I've been thinking about, when I decide if I should keep my original or replace it with the newer version, is to give an exponential weighting. But I do want to be careful with that because it might return the "flakiness" of the original, which I'm trying to avoid in the newer version.

HardToLove