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  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    A good bye to everyone here. I've followed this story for many years. Even tho it was a poor investment, I have met many great people here.

    I've got to see the NS 999 move and do work, a PC sale, and many failures to deliver. So it's time to move on.

    I wish everyone the best and good luck in your ventures. I'm cleaning everything AXPW out of my computer except my stock watch list. If anything develops I'll see it there.

    If anyone needs to find me, you can PM me or I'll be around on the QC and the Swine flu blogs.

    Oct 19, 2014. 08:17 AM | 19 Likes Like |Link to Comment
  • Axion Power Concentrator 371 Oct. 06 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Im not surprised at any of this...I disagree with JP that the company didn't want to issue more shares. They would have taken $15 million if they could have and the heck with how many shares. That's precisely why the shares available to issue stayed so high.

    The original offering try was for $15 M. then dropped to $12 and could NOT raise that much so now we're down to $6 M.
    I knew as hard as Maxim was working axionista's that it was probably undersubscribed.

    IMO, DDG has bought himself 6 months to cut all expenses and probably license the tech. They've laid off workers, now closing a building, out of the toll contract, and anything else losing money.

    The success or failure of AXPW won't be as far off as it has been. Probably months now instead of years. I think they are at the end of their rope & you'll see DDG do what he does best.
    Oct 6, 2014. 04:35 PM | 19 Likes Like |Link to Comment
  • Axion Power Concentrator 370 Oct. 02 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Just seen this on Twitter, posted 1 hour ago:

    10/2014, After a complete redo of the Battery compartment, NS 999 is in the Rose Yard and ready to begin testing.
    Oct 3, 2014. 09:35 PM | 19 Likes Like |Link to Comment
  • Axion Power Concentrator 300: Feb. 01 '14: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    Someone posted earlier here that " I may see the potential" ... let me clarify that I have seen potential for AXPW just like Indelco & many others...or else I would never have owned the amount of shares I once did.
    Am I buying the stock now? NO. I still don't like mgt. Trust is earned, not given freely. Especially after being burnt. (see below for more reasoning) Selling my shares was the best move for me personally, other opportunities elsewhere have somewhat offset my losses here. Does it mean that anyone else should NOT be buying, absolutely not. That is each individuals decision. At .09-10 there is much less to lose than what those of us who bought in at much higher prices stood to lose.

    re: TG's letter to shareholders, there was little "new" news that we didn't already know except the ROI and time it takes to recover investment ... which is a big deal. Utilities & new forms of energy are going to require hundreds of billions in new investment over the next 10-20 years. IMO, they were not going to do it with a 14-20 year return of capital & pay such a high premium that was first suggested. 4-5 year return is more doable. This is huge. I would love to see 5-6 of these installed to prove the concept. Probably take a year to do this.

    I am glad to see TG forced out of hiding finally. I do find it intriguing that TG's interview, letter to shareholders & JP's article all hit simultaneously along with the PIPER's new shares coming...coincidence or planned ? Either way it worked and got rid of another 4 million shares +/- and probably kept the price above .09 and another price failure from happening.

    Someone asked if the "PbC could be tweaked to be a one stop shop all the entire package"...IMO, NO. The PbC really shines at "frequency", not long term storage. So the combo package like BySolar is how I think we see the future play out. This is not bad either as it lets the PbC excel at what it does best and eliminates failure in the longer storage needs. The rating of 95/100 on that scale is going to make it a contender as this approach is adopted. To my knowledge there is no tech purchasable today that is any better, TG needs to get the price down now.

    What I would like to see soon is not much different that the past, but maybe it's a bit closer now:
    - Strategic partner to build batteries
    - Install more projects to "prove the concept"
    - Financing....AXPW desperately must end this constant need for cash, this is the main reason I am not buying stock now.
    - AXPW needs mutual funds or a partner invest $20 - $50 million, a big investment to end the uncertainty.
    - I would like to see partnerships formed where AXPW supplies the PC for the frequency part (I always use GE because of their presence already, but there are other big boyz too) Maybe even focus on utilities and Solar companies to push this concept.
    - Not much has been said about the improvements in the PC over the past 2 years that TG mentioned. I think this could be a bigger deal than we think, sorta like the automated sheeting. So keep some R&D budget to keep building "systems"....IMO, systems are key.

    AXPW is a long way from being profitable or even revenue neutral. If we take the profit margin on the BySolar system, you can see how many systems they need to sell to break even. So it's still a risky investment.
    I can see the stock price rise, but the fear of another dilution & warrants (and IMO it is coming) in whatever form is a weight that will limit gains somewhat. Batteries are not like Tesla, they are just not sexy. So I don't see that euphoria.

    As to a loan to bridge the gap to an order backlog.....probably not, you first need the order backlog with strong companies that have a 99% probability of closing. Then u can get an operating loan.

    The most positive thing is TG finally putting forth info. I do believe he finally realizes just how close he came to losing the company & focus more on the PbC niche instead of betting the farm on BMW & NSC.

    Sorry for the length.
    Feb 1, 2014. 05:49 AM | 19 Likes Like |Link to Comment
  • Axion Power Concentrator 211: Feb. 23: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
    It would be better if you refrained from commenting on Tesla at all on this APC and focused on AXPW . There is a Tesla APC to discuss it.
    Many of us are tired of this conversation and distraction not to mention the number of posts we have to sort thru to find anything on AXPW.
    Feb 24, 2013. 05:11 AM | 19 Likes Like |Link to Comment
  • Axion Power Concentrator 362 Sep. 01 '14: EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA [View instapost]
    Funny how things change with you JP, 3 years ago it was all about BMW, GM testing PbC, then the big Asian auto "I don't care about auto" it's too tough

    Is all that's left ePower, NS, & the PC ?
    Sep 4, 2014. 09:48 PM | 18 Likes Like |Link to Comment
  • Axion Power Concentrator 210: Feb. 20: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
    Futurist, as of today, tell me the other areas we have sales in? Besides NS one order that is not at work yet going on a year later?

    PC's ?
    Rosewater HUB?
    ePower = 1 truck
    Navy -= 30 batteries ?

    what else?

    I don't mean this as an attack, but every application in any article is met with enthusiasm here that is will be a multi billion $$$ mkt. for AXPW & so far we have nil
    Feb 23, 2013. 08:24 AM | 18 Likes Like |Link to Comment
  • Axion Power Concentrator 291: Dec. 22 '13: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    The problem is AXPW's failure to deliver sales. Not buyers and sellers entering and exiting.

    With sales, stock price takes care of itself, with or without pipers.
    No sales = declining stock price.
    Dec 25, 2013. 05:23 AM | 17 Likes Like |Link to Comment
  • Axion Power Concentrator 371 Oct. 06 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    "And BTW, it can be proven beyond a shadow of a doubt that the only reason that the price of AXPW is so low is because a lot of people chose to SELL".

    Patrick, I disagree totally. ANY company that misses guidance or fails to deliver suffers a decline in stock price.
    I can easily change a lot of people selling to lack of buyers. When there are no buyers, it only takes a few shares on the sell side to push the stock lower, this is exactly where AXPW is. HTL posts every day about "low volume" so there's NOT a lot of sellers.\

    You guys who drink the kool-aid all day every day, totally deny the dire situation AXPW is in.

    AXPW asked the mkt. for $15 M....they wound up with $6 M....that's about 40% of what they went after. The mkt. is telling you no one was willing to shell out $15 M.

    Another way to put it is, AXPW has a 40% chance of making it. BA also felt this way, as he took the IP as collateral for a measly $1M loan.
    Oct 7, 2014. 10:15 AM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 297: Jan. 17 '14: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    48...I disagree, Wall St. did it's job and provided capital for AXPW to operate another year (more than once). The terms reflect the risk with this stock. The protective clauses were to protect the investors money, everything was fine as long as the company could deliver sales and keep the price above .10, and enough volume for them to liquidate their shares before another raise was needed. It's obvious they do not want their money invested in AXPW for any amount of time.

    It's not Wall St nor the PIPER's fault that no sales have materialized to keep the contract afloat. Wall St. does not function on hopium when money is involved.

    How do we know the tech is as good as we think? How do we know that there are weaknesses with PbC that does not meet the needs of most apps?
    No one else seems to want it and we can't buy a battery to test ourselves. At this point as a "commercial entity" where is the white papers ?
    Jan 20, 2014. 06:58 PM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 296: Jan. 12 '14: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    Patrick....what is lacking at AXPW is "sales" instead of shareholders.

    "The only thing lacking at Axion is patience among its shareholders."
    Jan 15, 2014. 04:04 PM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 254: July 24: Bullish, Except Financing Deal, Forbes Article By Tom Konrad About Axion [View instapost]
    Unless you starve to death before u find the elk.
    Jul 24, 2013. 05:49 PM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 59: Beginning Feb. 1, 2012, Axion Power Shelf Offering Part Two  [View instapost]
    Time for a reality check, I think there is a wide varying view on the financing, but most of the negative views is that the stock dropped from.60 to .47 & the shelf was at .35. We forget that this deal was likely inked months ago with the stock at .25-.40 with the terms set out on the 40 days moving average with a maximum price established. If TG had done it when the stock was cheaper we would have cheered, but in reality it is the same...we still have 114m shrs. out and it was still .35 or lower. Here is just a brief list of facts below that we all knew for since July of last year.
    1. AXPW would have to raise capital..they were running out of money
    2. They needed the gen2-a & gen.3 lines
    3. When these lines are added they will have to be certified
    4. At some point we had to have sales/marketing team (done now with the new hire and Rosewater relationship, with more sales personnel to follow makes sense) th
    5. These new lines & additional manpower cost money to purchase, money to install and money to certify...manpower increases have to fronted up front as JLP stated earlier.
    6.TG has said previously that it was too early for auto
    7. NS was delayed by EPA review, a better BMS needed and the larger battery installation probably had to be installed and tested in the 999. We were told this order was delayed.

    1. Most of us expected a drop in price due to the additional shares, I won't say how much because it varies by individual opinion.
    2. So far we have only dropped about 20% -- I would have expected much more. That tells me the float is still the same, axionistas still control a huge block of available stock and covered whatever other axionistas sold.
    3. Desperate sellers at any price are gone for now (SS is probably out ...we will know for sure this quarter), Quercus close and remaining disciplined on their selling.
    4. $10m is not that much money, but it gets us to Dec.'12, whereas without it we were "out of business" within 3-5 months. Now we have the cash to build another line - get it certified- and cover cash burn til the end of the year roughly.
    5. We now have a very qualified marketing expert with experience & a deal with Rosewater.
    6. Last year we had no Power Cube, we did not even know it existed. Much less that one would be connected to the grid & working. now we do
    7. The 999 sat on a side rail in the middle of nowhere with not much it's moved into Altoona yard and things are moving forward ... see WTBlanchards post in the last concentrator.
    8. As soon as SS was out, as sale of 30+ batteries to the navy, hiring a new marketing guy, PJM/Viridity Energy/Power Cube the stock price goes from .25 to >.60....guys that is almost a triple in less than 2 months. We got spoiled to seeing our brokerage accounts in the green...maybe even greedy wanting it to just keep going, going & going....we kept looking for the huge auto order & NS order that we have been told won't happen yet. JLP has stated that if we could just double (maybe triple at best) revenues in 2012 he would be very happy as it shows tremendous growth yr/yr.
    AXPW cannot be a billion $ company without the expansion we all knew was coming, but we have made huge progress after a long dry spell of news from last July-November with some potentially game changing innovations. I think most of the anger rests in hindsight ...wishing we had all sold last year at >$1, bought back at .25, sold again at .60...etc.
    The story is still intact. Most have said we're in it for the long haul. Things are progressing...I think the new marketing VP should tell us that we are still right...He would not have went to a "dud". I am sure there will be more sales announced this year, but maybe not enough to satisfy some that are upset. IMO, we just lower our short term expectations & view the positives for what they are. Forget what happens in a week Rome wasn't built in a day.
    Feb 2, 2012. 05:35 AM | 16 Likes Like |Link to Comment
  • Stocks Poised for Big Rally [View article]
    "The current administration"? my _ _ _ How about the damage done over the previous 8 years? And now someone is having to try to salvage the Bush/Cheney mess and you try to blame Obama?
    Gimme a break. The dow crashed and is now recovered to 11,000
    Your loved republicans along with Goldman and their cronies cost the world economies $50 trillion or more and you want to blame the "current admin." ?
    May 15, 2010. 05:36 PM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 292: Dec. 27 '13: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    VW posted this above: "I'm one of those folks who hopes we never sell out to another company. I'd rather own this thing for twenty years with nice steady gains (capital) and an accompanying dividend of meaning."

    Some of us bailed out early because of one word "RISK" we knew that without sales and recurring revenue this capital raise would turn out disastrous ... just as you are seeing now.

    The further RISK is what VW just posted....if AXPW has to raise more capital, it could follow a couple of scenario's...either a bunch more shares issued ..and tied to a reverse split, or

    A strategic partner that buys a huge stake in the company, in other words ownership changes drastically. They could make it a success or they could resort to just licensing the tech .... either way existing shareholders won't get near the benefit.

    Both cases are not good. It was discussed here long ago on previous concentrators.

    Caveat Emptor rules here, I do not believe in JP's :
    inflection points
    Supply / demand theories
    How much money has been invested developing the tech has nothing to do with the future use, revenues, or stock price today or in the future.

    IN the past, we heard the same words .. such as when Quercus and the other big boyz bailed. It was touted that IF axionistas could absorb the shares then anyone wanting to buy had to bid high enough to get axionistas to turn loose of shares.

    It never happened, axionistas bought only to have 2 more share issues come ... that has taken supply upward towards 200 million shares & stock price cut in half twice.... With more shares sitting to be sold when this is done. TG has told us that they will need money in 2014, I seriously doubt he waits till 4th qtr. At these prices, I see very limited choices other than what I mentioned above re; a partner who will be in control or a reverse split (and this will take some sales and orders in the book)

    So trust me there will be enough supply of shares to take care of demand.

    The market is telling us that AXPW is worth $20 million today and that number drops with every new cache of shares the PIPER's get. Will it ever go up? IMO, not until you have a company with license fees/ royalties, or sales, and enough recurring revenue to turn a profit or at the least cash flow positive.

    The biggest threat, fear, RISK that current holders face is a change in ownership at these level. It is a real risk too, not imagined.
    Dec 28, 2013. 09:56 AM | 14 Likes Like |Link to Comment