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Amouna

Amouna
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  • Axion Power Concentrator 369 Sep. 28 '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]
    Completely concur about TG. The guy has been blowing hot air all this time. So much for competence. He has single handedly destroyed the entire book value of this company and they wanted to keep him as "special consultant " ?? For what ????
    Sep 30 02:39 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 366 Sep. 18 '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]
    JP,

    I appreciate your life story. However, I would like to kindly point out some disturbing points:

    - your friend TG and our former CEO never made a market stock purchase even though he had run the company for years. So much for high confidence in his execution plan. The fact that someone had enjoyed so many perks on the company's tab, when he is supposedly "well off", speaks an uncomfortable truth to us shareholders. Had I been on the board, I would have voted for his exit years ago to be blunt.

    - there is no guarantee Axion will stay a master of its own destiny/technology. The fact that we were promised repeatedly that sales were on the cusp when clearly they were not doesnt sit very well with me. I understand TG is ill, but I also want to point out how insulted me - and others- feel in this situation. It took a CEO replacement to actually realize the company's financial health is dire!!!

    - I am for a completely transparent approach to evaluate management's performance because the trust I have in this company to actually pull it off has eroded over time, and I believe we need clear communication from them to start over again.
    Sep 21 10:04 AM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 366 Sep. 18 '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]
    iindy,

    I guess such is life! It used to be that if you worked hard, sacrificed then you stood a chance at material success and enjoyment at a later stage in life. These days, there is no such guarantee. The capital markets have been so corrupted by bureaucrats, special interests and propaganda that genuine business models have a very hard time getting funding at a decent cost. Axion is competing for funds against "sexy" bubble investments such as EVs and it doesn't stand a chance. Me thinks we need a dramatic event to turn the fortunes of Axion, otherwise its death by 1000 cuts.
    Sep 18 06:20 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 366 Sep. 18 '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]
    iindy,

    Sometimes being too far ahead is no better than being wrong, especially when it comes to the markets ;)
    Sep 18 04:43 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 366 Sep. 18 '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]
    Thanks a lot for your report. I guess DDG is a slightly different persona from our dear TG. I still can't fathom how someone with "experience" who supposedly made his money in the past ( talking about TG here) could have had such issues in timing customer's interest in the PbC. Wasn't he able to read the signs as the business relationship matured so he could hVe reallocated resources elsewhere to more responsive customers ? I am just trying to understand here.

    TG, if you ever decide to drop by this forum to share any thoughts/come clean about what went wrong, that would be much appreciated !
    Sep 18 11:48 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 366 Sep. 18 '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]
    He also mentioned that AXPW has been a commercial entity since 2008, which is obviously not the case. Article doesn't strike me as well researched and thought out....like TG's letter about Energy storage system payback back in January!
    Sep 18 11:41 AM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    Maya turned bearish because he has met with Mr Granville in person, which gave him a first impression of the person running the company. Next comes a series of failed deliveries on public announcements, and selling was the rational thing to do.

    Hope is what got many of us way underwater. Hope is the culprit when investing :)
    Sep 16 06:08 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    My question though is: why did the board just go along and kept TG at the top even though he didn't deliver on his predictions. Was it because he had been party of the crew for so long and directors felt uneasy about replacing him? Isn't this the type of bias - not mixing friendship with business- that cost Axion shareholders dearly ? I want an honest answer if possible.

    It also didn't help TG who unfortunately pushed himself way overboard trying to chase elephants until his health deteriorated...
    Sep 16 12:45 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    Axion scores below zero when it comes to marketing effort. The philosophy of " if others see that we have a great battery they will want it" somehow doesn't cut it in the business world. As I said, time for DDG to get some fresh blood in there to push the pbc out the door because as it stands, no one is really pushing it in new castle.
    Sep 16 12:20 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    Madness + luck = Genius

    Got to nail the "luck" part of the equation and voila!
    Sep 15 05:35 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    Good luck Nicu! You must be either rich or very confident in Axion at this stage of the cycle. Sadly, I don't have your risk tolerance just yet ;)
    Sep 15 04:01 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    Mrholty,

    To do all that I would think they need to hire more people. Do you think it is taken into account in their working capital projections?
    Sep 15 01:41 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    I agree Marshall. The dearth of news is of no comfort to me. This is the very scenario JP was so confident would never happen, but actually is exactly what is happening: the PbC is not - and likely will NOT get much love from the marketplace. Now the reason is to find why? If the VP of sales is not good, replace him. I stand behind every decision DDG would make in radically reshuffling the team if needs to be done.
    Sep 15 01:23 PM | 8 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    What I don't find encouraging is that I didn't see any reference to auto or RR on the prospectus, and this is the type of document you would want Axion to expand on these relationships. It is the second time they (voluntarily) forego mentioning them in an Sec filing. Could it be the these relationships are dying, or were never that strong to begin with and we just got ahead of ourselves for selling them a few batteries and pretending that they would do business with us? I sure was not the only one to sense that!

    Also, the language/style looks a lot more direct - especially on the dilution front- than usual :)
    Sep 15 01:01 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 365 Sep. 15 '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]
    http://bit.ly/1oQ7tM6

    New Sec filing. Raises a big big concern on dilution in page 10/20. The style is clear and this is not looking good boys. 10 million at a huge cost...
    Sep 15 12:18 PM | 4 Likes Like |Link to Comment
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