Seeking Alpha

wtblanchard

wtblanchard
Send Message
View as an RSS Feed
View wtblanchard's Comments BY TICKER:
Latest  |  Highest rated
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    Argh ... several trades went off at ".252" but not mine :-(

    Guess the market maker would buy them there, but wouldn't sell them there?

    Lots offered at .26, occasional at .255

    And the 100K @ .251 bid is still showing

    We've got the power ... but do we have the patience? :-)
    Dec 30 11:45 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    Sorry, can't add anything definitive. As I mentioned, my time and sales is pretty spotty, possibly because I'm running that application on my older and slower computer .. I think it updates every 3 seconds.

    Volume waned the morning, but seems to be picking up.
    Thinkorswim is reporting 426K to me at the moment.

    Spread 5K@.252 (me!) by 45K@.26

    I think there may be a LOT of supply at .26
    Dec 30 11:14 AM | Likes Like |Link to Comment
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    Grab a Bud Lite ... here we go ...

    the UBSS 100K at .251 is Back!

    My .252 is up .... for the moment.
    Dec 30 10:13 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    Bummer, the UBSS 100K at .251 is gone ... replaced by 37K at .250

    Total 29.1K at .26 best bid at the moment.
    Dec 30 09:39 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    Did they blow it all out yesterday and head for the New Year's Eve Hotel, or will today be the real FINAL year end blowout?

    Stay tuned!

    Hell, if you go any kindling left, put in the biggest low ball bid ever ... today (in the final hour?) just might be your lucky day!
    Dec 30 09:14 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    You don't need water to Frack!

    Love me some Gasfrac ... both as a concept and as a stock
    (assuming anyone here has any money left to invest :-) )
    GFS.TO or GSFVF.PK

    http://www.gasfrac.com
    Excellent presentation: http://bit.ly/tcSovO

    They use gelled Propane which costs a little more upfront, but none of the disposal/recycle issues, and the well produces much better. When the Frack Pressure is removed, it turns back to a gas, and much of it can be recovered either downstream or with new equipment they're testing now. Well produces better because there's not a bunch of leftover water down there "gumming up the works."

    Proved in Canada, now pushing in the Eagle Ford in particular.
    Dec 30 09:07 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    I had to step away later in the afternoon Thursday.

    That 100K Bid at .251 from UBSS seemed to sit there a fairly long time, but I didn't notice when it was initiated. My Time and Sales is kinda goofy ... I get some of them, but clearly not all of them. No idea if much of any went off at .251 or whether it's was one of those "endless bids" at a certain price (until it ends, or course :-)

    I got some at .262, and put a bid for .252 in a little over an hour before closing, but it didn't get filled.

    Looked like there might have been one of those "endless offers" at .27 from both FANC and NITE at the close ...

    Will Friday (last trading day of the year) be the Clearance Sale of all Clearance Sales? Everything must Go! Nothing Held Back!

    We're either going to have a Hell of Party one of these days, or we're gonna be some of the greatest Smucks of all time.
    Dec 30 02:28 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 39: Beginning Dec. 29, 2011 [View instapost]
    Latest news I see is from last Friday:

    Form 8-K for VALENCE TECHNOLOGY INC

    23-Dec-2011

    Entry into a Material Definitive Agreement


    Item 1.01. Entry into a Material Definitive Agreement.
    On December 22, 2011, Valence Technology, Inc., a Delaware corporation (the "Company"), entered into an Amendment No. 4 to Loan and Security Agreement and Other Loan Documents (the "Amendment") with iStar Tara LLC, a Delaware limited liability company ("iStar"), and Carl E. Berg, the Chairman of our Board of Directors and our principal stockholder, to amend the Loan and Security Agreement dated as of July 13, 2005 (as amended to date, the "Original Loan Agreement") among the Company, iStar and Mr. Berg. Pursuant to the terms of the Original Loan Agreement, iStar's predecessor in interest, SFT 1, Inc., extended a $20,000,000 loan to the Company (the "Loan"), which Loan is guaranteed by Mr. Berg and secured by certain of Mr. Berg's assets. The outstanding principal balance on the Loan was $3.0 million as of December 9, 2011. The Amendment is effective as of December 9, 2011.

    The Amendment extends the maturity date of the three remaining amortization payments of $1 million each (due in December 2011, January 2012 and February 2012) such that $1.5 million will be due on March 10, 2012 and the final $1.5 million will be due on April 10, 2012 ("New Maturity Dates"). The remainder of the principal and any other outstanding obligations under the Loan shall be payable in full on the New Maturity Dates.

    In connection with the Loan, the Company had previously issued to iStar two Warrants to Purchase Common Stock of Valence Technology, Inc. (the "Warrants"), pursuant to which iStar may purchase up to 100,000 shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), at an exercise price of $1.45 per share and up to 115,000 shares of the Company's Common Stock at an exercise price of $1.00 per share on or before January 11, 2014 and March 30, 2013, respectively. The terms of the two warrants that iStar or its affiliates hold will each be extended for one year to January 11, 2015 and to March 30, 2014 respectively.

    The summary of the terms of the Amendment and the Warrants is qualified in its entirety by the text of the Amendment and the Warrants, copies of which are attached to this Form 8-K as Exhibits 10.1, 4.1 and 4.2, respectively.
    Dec 29 06:50 PM | 3 Likes Like |Link to Comment
  • Axion Concentrator 38: Beginning Dec. 27, 2011 [View instapost]
    Can anyone add some color to the following TG quote from the previous linked
    http://bit.ly/vujsiF

    "We’re actually doing testing, in the Cube, for the Norfolk Southern hybrid locomotive application. In that application, we will have large strings of batteries similar to those that are contained in this Cube. It’s important to have the batteries equalized and in sync, if you will, and this Cube provides us with the opportunity to test that string equalization feature of our proprietary PbC® lead carbon battery. The batteries, and battery strings, work in unison in providing uniform discharges resulting in less reliance on our propriatary battery management system."

    String equalization feature????
    Dec 28 05:40 PM | 2 Likes Like |Link to Comment
  • Why Won't The Stock Market Believe In Chesapeake Energy's Business Model? [View article]
    With respect, if you have't read the article, you should't comment on it. Are you reading this on a cell phone? No idea why the link doesn't work for you ... it's a Reuters piece from Wed. 12/28.

    I knew, understood, and accept all your points. It's not the main point of the article (though it explains those points) or my rant.

    This is about the integrity of the CEO and not living up to contracts.

    It stinks. I gave him 1 strike for running the price in the ground once ... but now I'm done. He's not a man or his word in my opinion and I don't want to own a company he runs when there are so many other options.

    He won't miss me, and I wont miss him!
    Dec 28 04:54 PM | 4 Likes Like |Link to Comment
  • Why Won't The Stock Market Believe In Chesapeake Energy's Business Model? [View article]
    Fed up ... sold today: this guys are #FillInYourOwnExpletive

    http://reut.rs/rOYixQ

    I support responsible Shale Drilling (yes, it's possible,) but it's crap like this by Chesapeake, one of the most well know in the business, that sets them up to get taken to the woodshed by the voters whenever they get the opportunity. Just stupid, stupid, stupid, and no matter how much advertising you do, it's a waste of money when you ruin your reputation (and by extension, that of the industry,) like this. Kudos to Reuters.

    I get trying to hide your identity when it costs you money, but welshing on deals, or not being clear about what the deal really is, well that's why we get Occupy Wallstreet ...
    Dec 28 02:14 PM | 3 Likes Like |Link to Comment
  • Axion Concentrator 38: Beginning Dec. 27, 2011 [View instapost]
    Sounds like Valence :-)
    Dec 28 02:07 PM | 2 Likes Like |Link to Comment
  • Axion Concentrator 38: Beginning Dec. 27, 2011 [View instapost]
    This may be the final straw in getting me to selling my small losing CHK position and moving a little more to AXPW ....

    http://reut.rs/rOYixQ

    I support responsible Shale Drilling (yes, it's possible,) but it's crap like this by Chesapeake, one of the most well know in the business, that sets them up to get taken to the woodshed by the voters whenever they get the opportunity. Just stupid, stupid, stupid, and no matter how much advertising you do, it's a waste of money when you ruin your reputation (and by extension, that of the industry,) like this. Kudos to Reuters.

    I get trying to hide your identity when it costs you money, but welshing on deals, or not being clear about what the deal really is, well that's why we get Occupy Wallstreet ...
    Dec 28 01:54 PM | 5 Likes Like |Link to Comment
  • Axion Concentrator 38: Beginning Dec. 27, 2011 [View instapost]
    While I'm good with TG, I'd love to hear more about the Rosewater connection. I know JP characterized the principal as a fantastic salesman and entrepreneur, but I'm a little concerned that a key sales component is not under TG's direct control, and thus he has to make decisions on what orders might be imminent (which would impact financing decisions) with at the least some "indirection" and possibly a natural "SUPER" optimistic salesperson giving him "data."

    I know Rosewater has (a lot of?) skin in the game, but I'm still a little nervous. Also a little nervous about "chicken and the egg" problem where the company (or Rosewater) quotes a price based on the order (and bank financing,) but the customer is nervous it has to happen that way ...

    Also wondering how big an operation Rosewater is ... how many folks are out selling and does the fact that they're private mean that a) we have a harder time telling what the order flow really is, and b) how publicity pro or con is impacted.

    Also a little confused about how Rosewater fits in with Viridity ... are they in the middle or not? For example, in comparing websites, the best info is really on Rosewater, and not Axion Power...

    Thoughts? Opinions?
    Dec 28 01:41 PM | 3 Likes Like |Link to Comment
  • Axion Concentrator 38: Beginning Dec. 27, 2011 [View instapost]
    Though it's improved lately, for a while on Fidelity the Web based quote bid and ask for AXPW seemed to be from the absolute worst market maker you could choose (from looking at Level II at ThinkorSwim) on either side. Very weird. I wonder if some family member or employee took what they saw on Fidelity as "Gospel" and sold according ... Don't know if it was a Fidelity issue, or the used some data supplier that really didn't have its act together and so may have been an issue for other brokers besides Fidelity.

    I always entered limit bids based on what I saw on Level II, so I don't know what actually happened if you entered a bid based on what you saw as the "quote."
    Dec 28 12:59 PM | 1 Like Like |Link to Comment
COMMENTS STATS
2,148 Comments
179 Likes