Seeking Alpha

Ricknplano

Ricknplano
Send Message
View as an RSS Feed
View Ricknplano's Comments BY TICKER:
Latest  |  Highest rated
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    A few more ideas, John. Invest in the Best, your drivers Will thank you. Make Your Driver and Your Accountant Happy. EPower, easy on the driver, easy on the wallet.
    Aug 21 12:33 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Haulin Ass for Less Gas... EPower, the Sexy Diesel... More Power - Less Diesel... Heavy Duty Dependability.... Mean Green Machine... Power to Save You Money.... Easy to Drive, Easy on Your Wallet. More Smiles per Mile.... EPower into the Future.... Epower, the Future of Trucking.

    Just a few off the top of my head. Good luck with the presentation.
    Aug 20 07:47 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 355 August 3 '14: Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved [View instapost]
    I see in the 8-K there is no longer any mention of 30-50 to 1 but the reverse split is accepted to be at 50:1. To me that suggests management is not expecting any immediate good news to materially affect the stock price. Unfortunately the added stock supply, even restricted, is not good news for legacy stockholders. The recipients of the new "restricted" stock are free to sell other non-restricted shares they may own to take advantage of the additional quantity they own due to the conversion.

    A couple of years ago I mildly expressed concern over the stock price and was grilled on this site by true believers who suggested I sell. I took their advice and I sold my Axion at 48 cents and have watched and waited for a time to get back in. I intended to get back in after strong sales or industry alliances or other significant positive events occurred. Unfortunately I am still watching and waiting.

    Some who excoriated me at 48 cents have had their own "Come to Jesus" moments and understand now why I was not fully positive about the stock. As I have always tried to make clear, the stock is a financial instrument and is not the company, the people in the company, nor the technology. I like the people who I think are doing their best. I love the technology for certain applications. But the stock price is a function of many other things, mostly unrelated to the technology or people. For the stock I still see the risk reward to be negative. That could change in a flash, but until it does I will remain on the sidelines and cheer the company, the technology, and the existing shareholders onward. I hope you all get rich and I hope to rejoin you, should the situation warrant. My best wishes to all, especially those who have lost big. I understand your pain.
    Aug 4 12:19 PM | 28 Likes Like |Link to Comment
  • Axion Power Concentrator 354 July 31 '14: David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved; Q1 '1 CC Transcript & MP3 Available [View instapost]
    The loan extension with IP used as collateral does not materially affect the companies ability to raise new money. As JP points out, the source of new financing will no doubt require Bob to be paid off and the IP released as collateral as a condition of the financing. This is normal stuff. This news is a non-event to me. Of much more importance is the lack of sales news. That is a bummer.

    I expect we will in time get some positive news on sales. Numerous third party credible sources including BMW and Epower and the power cube testing have confirmed the suitability of the PbC for specific applications which represent large potential markets. I question whether good sales news will precede bad news of the terms of the next financing but time will tell. I fear the stock may eventually confirm the pricing predicted by Mr. Konrad, I believe, who said 7-8 cents a share. I would not be surprised at that stock price, but again, I think the refinancing of the note is a non-event in relations to sales and new capital raise terms.
    Jul 31 06:37 PM | 14 Likes Like |Link to Comment
  • Axion Power Concentrator 353 July 27 '14: David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved; Q1 '1 CC Transcript & MP3 Available [View instapost]
    According to a major study that looked at 1600 reverse stock splits over several decades, the average stock that had a reverse split under performed other stocks by an average of over 1% PER MONTH for years after the split.

    "More broadly, however, recent research suggests that investing in a company that has just done a reverse split is a losing proposition. According to a 2006 paper that looked at 1,600 reverse-split stocks between 1962 and 2001, such stocks substantially underperformed the overall market during the three-year period following the reverse split -- by an average of 1.3 percentage points per month."

    This information is available on The Motley Fool site:

    http://bit.ly/1lWLa5W

    There are of course exceptions.
    Jul 30 12:08 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 344 June 26 '14: Definitive Reverse Split Consent Solicitation; Q1 '1 CC Transcript & MP3 Available; Q1 '14 Filing Released;Axion Receives 4 Powercubes Order [View instapost]
    Thank you
    Jun 26 06:50 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 344 June 26 '14: Definitive Reverse Split Consent Solicitation; Q1 '1 CC Transcript & MP3 Available; Q1 '14 Filing Released;Axion Receives 4 Powercubes Order [View instapost]
    Has epower completed mpg testing on the new motor and control system? I missed it if that info was already given.
    Jun 26 09:20 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 339 June 01 '14: Definitive Reverse Split Consent Solicitation; Q1 '1 CC Transcript & MP3 Available; Q1 '14 Filing Released;Axion Receives 4 Powercubes Order [View instapost]
    Here is a better company with real assets and actual products (multiple large prototypes installed) with essentially the same technology (drag type turbine with direct drive slow speed generator) that has been unable to penetrate the market. There is a lot more to the cost than just the blade design, and the marketing has a lot of obstacles not always appreciated by a new inventor.

    http://bit.ly/1hzE2jC
    Jun 4 04:37 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 337: May 25 '14: Q1 '1 CC Transcript & MP3 Available; Q1 '14 Filing Released;Axion Receives 4 Powercubes Order; Reverse Split Consent Solicitation Filed [View instapost]
    Agreed.
    May 29 12:50 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 246: June 25: Axion Power Receives Order To Supply Class 8 Truck Battery Strings For EPower [View instapost]
    Thanks for the missing information. I was unable to find a specific reference to the batter supplier. Can you direct me to where that is available? Spcifically I am wondering why they say it lasts the life of the vehicle. Is there test data somewhere on the ALABC site?
    Jun 28 11:06 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 246: June 25: Axion Power Receives Order To Supply Class 8 Truck Battery Strings For EPower [View instapost]
    I read this morning about a new hybrid - "A consortium proposing the use of a lead-acid battery as a cheaper, more effective alternative to vehicle hybridization is showing off its Volkswagen Passat demonstration vehicle in Austria this week....That car is being demonstrated this week at the Advanced Automotive Battery Conference (AABC) Strasbourg, Austria."

    The batteries are advanced lead-carbon promoted by the ALABC (Advanced Lead Acid Battery Consortium - of which Axion is a member). However this is not an Axion battery, apparently, since no mention of Axion is made and the companies mentioned speak of 20 years of development work on their advanced lead-carbon battery which can cycle hundreds of thousands of times "the effective life of the vehicle". Axion is not a presenter or exhibitor at the conference where the vehicle is being shown. If Axion were involved I would expect them to at least make an appearance. Other companies familiar to us, e.g. Maxwell and BMW, are exhibitors and sponsors there.

    Since Axion is not present at a major European conference on advanced automotive batteries where an advanced lead-carbon battery is one of the featured products, and since BMW is a sponsor and participant, I question how strong the commitment of BMW is to Axion and whether Axion is really the dominant player in the lead-carbon arena. I do not know definitively the answers to these questions, but the circumstances and appearance is suggestive of other major players with, perhaps, the inside track to future lead-carbon hybrid autos. links below

    http://aol.it/1alKMw5

    http://bit.ly/1alKMw7
    Jun 28 10:45 AM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 233: May 5: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
    Nice video presentation on YouTube from Don Runkle, CEO of EcoMotors, on meeting the mileage goals.

    http://bit.ly/YCoa5Z
    May 7 08:17 AM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 231: April 27: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
    To be clear I have concerns about the speed of share price increase, not so much any doubts about the probability that it will happen eventually. The product is good and the market will eventually adopt it for many applications. But like they say, eventually we are all dead.

    On the other hand, JP has a point about the hype cycle. I have seen outrageous values that got years ahead of the fundamentals. With a significant order from any major automotive OEM I am sure the hype would set the stock soaring. So I am not dismissing the possibility of a quick gain, it could happen.
    Apr 29 04:22 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 231: April 27: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
    I do not think that management is necessarily to blame for the stock price or the market recognition of the product. TSLA is not a comparable company in any real sense. A few years ago CitiBank, JP Morgan and others were reporting losses due to the real estate mortgage securities debacle. I am in real estate, but just because I was profitable and CitiBank was not does not mean I am a better manager than the CEO of CitiBank (though I might be). The two examples are not comparable.

    I do find areas where I may disagree with Axion management, but at the same time they have done a lot of things right and seem to be doing their best, despite my occasional differences. In particular I desire to know more about what problems customers have experienced that slowed industry adoption. However, management may have good reasons not to let competitors know about any shortcomings of the PbC over a national conference call. So basically, I have confidence in management, just concerns about how quickly a good boost in stock value can reasonably occur.
    Apr 29 04:00 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 231: April 27: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
    The product has never been in issue, in my opinion. The problem dogging the stock is the number of shares and actual sales (relatively small) and earnings (non-existent). A triple increase in sales from the 2012 number, with a normal EBITA and normal price earnings ratio for the industry would barely yield a price of 20 cents a share. To get a meaningful rise in share price based on fundamentals (not just speculative pricing - pump and dump anyone), requires sales an order of magnitude higher than today, and those sales need to be announced soon to prevent further drifting and languishing of the share value. A few rail cars or trucks will not do it. However a large order from BMW with dedicated use on a particular car line would, as would some announcement from NSC that they will be converting hundreds of engines using the PbC exclusively, or large orders from Viridity or other huge order. So the potential is real, but potential is all we have. In the meantime the realities of actual reported sales is dismal, relative to what is needed for significant price improvement. Like Bang, I await actual large and growing orders (huge orders) before assuming strong and continued share price improvement.

    A good product even at a good company does not always insure a good stock. With the number of shares outstanding at Axion good news has to be extremely good news in order to make a meaningful difference. Think huge increase in orders and then you can see a rising stock. Small orders here and there continue to confirm the product and keep the company alive but do not help the stock. Just too many shares outstanding. I have great hope, but I am realistic about the amount of news needed to make the stock go up enough to get everyone on this board happy again.

    One other item that could move the stock, a strategic partnership a large industry player, the terms of which would insure rising sales. Again, hope springs eternal.
    Apr 29 02:32 PM | 14 Likes Like |Link to Comment
COMMENTS STATS
291 Comments
103 Likes