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Rick Krementz

Rick Krementz
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  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    Supported by 160 shares per B-warrant... LOL
    Apr 7, 2015. 12:52 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    He's based in New York, so I doubt Farley spends a lot of time in New Castle. Call the office and find out how to contact him. I suspect he would be more open to an email than a random voice caller.
    Apr 7, 2015. 11:55 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    Somebody has bought the tens of millions of shares. They may not be commenting, but I am sure some of them are following.
    Apr 7, 2015. 11:53 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    The paper NS presented at the rail convention was about battery cooling in 999.
    Apr 7, 2015. 11:15 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    I think the ongoing probing of JP's current personal financial situation is obnoxious and immaterial. He has lost a bundle, too. There may be lots of things to find fault with, but relatively small transactions prior to the last two financing rounds are not worthy of chasing.

    Frankly, I would have expected him to be smart enough to get all out in 2014 when the suicidal nature of the death spiral financing became evident. He was no longer required to report holdings to the SEC, not an insider, and had basically stopped promoting the stock.

    Back in October, there were klaxon horns and red flags of a sinking ship (lack of sales, very short runway, total lack of strategic change despite a new CEO, etc.). If I was JP and had known about DSF, no question I would have jumped into the lifeboat.
    Apr 7, 2015. 08:09 AM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    I wonder if anybody went to the JRC2014 event?

    http://bit.ly/1DBPlC9 see paper JRC2014-3828 - electric loco from NS

    Clearly NS is still working on battery locos (2014, 2015).
    Apr 5, 2015. 11:06 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    I would hope so. I'm just not confident.
    Apr 4, 2015. 10:42 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    Maybe I have misread some posters, but it seems some people are irate for what they feel is unfair deletion of their posts, "banning" posters considered trolls, and generally being an Axion fan club than unbiased source of information.

    I am very grateful to the APHs, and respect their desire for privacy, if they want.
    Apr 4, 2015. 09:40 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    Rugged, we often agree, but not on this. The APCs took on the job anonymously. Similarly, you use an anonymous poster ID.

    With so much current animosity, why would they want to make themselves targets? I thank them for their efforts, and they received no direct compensation.

    Unless you enjoy 4chan, every forum needs editing and moderation. No forum management is perfect; there always is somebody who would have done something different. The APC has been by far the most interesting on-line forum I have participated in, even though I did not always agree with some actions. I support the APHs who want to remain anonymous, and thank them again for maintaining such an interesting forum.
    Apr 4, 2015. 06:53 PM | 16 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    Salaries are usually highly privileged. My guess is B-debt would be next, then unpaid bills.
    Apr 3, 2015. 12:23 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    Given how well-documented is death spiral financing (if you know enough to look - I sure didn't), and Axion's prior quasi-death-spiral-PIPE experience, I find it hard to believe that this "disaster" (only for legacy longs, remember) wasn't on the short list of outcomes. Non-comatose directors must have been aware, and voted for approval. DDG must have known. JP must have known.

    The attempted 350m authorized share issue was my klaxon alarm, although I had no idea the entire authorized shares were going to be blown through in six months.
    Apr 3, 2015. 06:24 AM | 12 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    DDG was on the board when the reverse split and NASDAQ listing concept was approved, well before TG resigned. I'm sure all that was done with full support or initiation from Maxim. We have no idea how much he knew and when, but he certainly was complicit. He was part of that vote of the board's initial proposal to keep the 350m authorized shares unchanged.

    If he really had strongly opposed it, he had time between July 1 and October to cancel or restructure, if possible.

    If he had been ardently opposed, I doubt we would have had such minimal communication. His only remark for the first several months was to follow TG's footsteps closely.
    Apr 2, 2015. 09:59 PM | 11 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    Rugged - I still am curious if Trego really is incompetent, or was this (approximately) expected early on, and it was the only deal possible? The attempt to keep the authorized shares at 350m, i.e. a 50 fold increase because of the RS, is a red flag.

    I never had heard of not reducing the authorized shares proportionately to a reverse split, or least a reasonable number considering the financing.

    A lot we don't know. Scam, fraud, stupidity, incompetence, or the only way to stretch out a bankruptcy a few months? Last summer I thought (and discussed) Axion may have been unfinanceable given the track record and lack of CFO(s). Maybe I was right.
    Apr 2, 2015. 03:29 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    SA used to have thumbs down, too, that subtracted. I liked that since large positives meant more. I don't remember if one could get a negative score, or it stopped at zero. Also, "thumbs up / down" worked on the Insta-blogs, too. Both changed several years ago.

    Doesn't show financial results, though.

    I don't think you need to track volume of each trade. If 70% of trades (even of just one share) are up by a lot of percent, that is great. I assume all trades discussed are below reporting thresholds, so the trade itself is not driving the results.
    Apr 2, 2015. 02:43 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 394: Apr. 2, 2015 [View instapost]
    mechnegnr - This seems like rather old news, IIRC. Is this new?
    Apr 2, 2015. 02:30 PM | Likes Like |Link to Comment
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