Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
JP,
It would indeed be nice to see Blackstone come in again and help put a floor in the price. I agree that Berkowitz's presence on the call at least can be seen as kicking the tires.
Also on another note, our new I-Bank "Maxim" just updated their stock coverage page. Alas, no mention of Axion yet.
Although they do provide coverage for many of their other clients so maybe Axion will get picked up down the road.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
John,
Did the CC provide in more clarity on what happened with the inventory status change (even indirectly)? Or did you hear anything through other channels? I listened to some of the CC but don't think this issue came up.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Yes, to echo an earlier comment. The meatloaf still ain't ready and we have to keep eating these tapas. Epower is a nice morsel but I doubt anyone here bought or re-upped because of that partnership. On the bright side, 2014 doesn't seem that far away and many in the past expected BIG things by then.
"The NS project is going very slowly, so a reorder is are quite aways down the road. I sense the OTR locomotive is on hold until the yardslug program is proven.
The vagueness of the BMW timeline implied to me insignificant 2013 sales."
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
I took the giggle as two old chums who have talked before without others listening in. Kind of like, let's see if I can get Tom to take the bait this time and give me the scoop for all to hear. But when others are surely parsing every word, the giggle, in advance of a politically correct answer he assumed TG would give, doesn't seem too strange.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
I think Maya used to do this. Anyhow I haven't seen too much of him here on the concentrator (which he started). I assume he has sold some shares. Sadly I think many that follow him may have done so as well. Hopefully we can get the band back together after this somewhat upbeat CC.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Yup, and if the stock were to stay below that level come payments due then Axion has to pay in extra stock as a penalty. That creates the wrong kind of incentives for those who want quick arbitrage and/or an increasingly larger stake in a company who likely will need further financing within 12-16 months.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Bang,
Takes guts to sell right before the CC. Then again I have known a few who don't want to know anything at all about fundamentals. They only trust charts, volume, and the price. They tell me all the information can be synthesized into those things thus the details are exogenous.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Good point metro. I would like to see some more inside purchases too. If many of them went in big years back above $1 - then you'd think they would want to average in here near 2 bits. I know many Axionistas has gone that route.
$1+ will not come any time soon with the share count soaring. Without averaging down it will be tough for anyone to be popping the champagne corks in the next year or two. Then again I'm sure there will be some lucky Axionista who just know discovers the stock and gets in on the ground floor only after having watched his index fund double the past few years. =)
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
I too have often wondered if we're are just too "small fry". How often do those that do Billions in revenues partner with someone who does a few million? I don't think that occurs too much in the transport, utility, and storage worlds. I've never questioned the "mousetrap". But sometimes I wonder if Axion is looked upon similar to the way I look at my neighbor who gets 100mpg out of his garage modified 10 year old Prius.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
ii,
The financing terms to me speak louder than these other conjectures. We know that the new investors gave axion a "full physical". Thus their desire to roll out out the cash dispersal in stages and the other toxic convertible provisions makes me think they weren't too wowed in the short term.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Stefan, nice pull up. I hope Mr. Trego does speak more about the "strong growth that they anticipate going forward". Since we are near mid year I'd think that 2013 growth should be at our doorsteps by now. I'd love to come away from the CC with more answers than concerns. Hopefully there is more direct language and less wiggle room then just saying that Axion is prepared for future (indeterminable) growth.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Agreed. Hopefully the Epower relationship bares fruit and we can get into 2014/15 timeframe where the big opportunities lie. Seems like Axion's efforts in these joint relationships don't produce too much. And with only Vani beating the bushes; maybe they can only afford to go big game hunting. Sure as heck has been one long hunting trip so far. At least the game does appear briefly in our scopes now and then. Maybe this recent mention of multiple suppliers to the oem is one of those rare sightings where we know we're on the right trail.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
John, if indeed is still "finished goods" that should have been reiterated in this 10Q, does that surprise you that it still on the books and not a sale yet?
My concern is less about WIP versus finished (although there is a credibility issue there) but more about when they turn that inventory be a into a sale. Why would Axion tie their capital up for 2 quarters? Maybe this is more normal but I thought the logic was companies this low on cash don't build things on hope -thus there must be a p.o. behind this stockpile.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Rick,
Your postulation in the last few sentences is somewhat troubling but that thought crossed my mind too.
However,could this be a situation where an order was maybe returned for further refinement and that it will end up finished and then delivered in short order?
I'm just looking for a scenario that would explain this in a way that doesn't portend bad things.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
It would indeed be nice to see Blackstone come in again and help put a floor in the price. I agree that Berkowitz's presence on the call at least can be seen as kicking the tires.
Also on another note, our new I-Bank "Maxim" just updated their stock coverage page. Alas, no mention of Axion yet.
Although they do provide coverage for many of their other clients so maybe Axion will get picked up down the road.
http://bit.ly/YZHdYg
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Did the CC provide in more clarity on what happened with the inventory status change (even indirectly)? Or did you hear anything through other channels? I listened to some of the CC but don't think this issue came up.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
"The NS project is going very slowly, so a reorder is are quite aways down the road. I sense the OTR locomotive is on hold until the yardslug program is proven.
The vagueness of the BMW timeline implied to me insignificant 2013 sales."
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Takes guts to sell right before the CC. Then again I have known a few who don't want to know anything at all about fundamentals. They only trust charts, volume, and the price. They tell me all the information can be synthesized into those things thus the details are exogenous.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
$1+ will not come any time soon with the share count soaring. Without averaging down it will be tough for anyone to be popping the champagne corks in the next year or two. Then again I'm sure there will be some lucky Axionista who just know discovers the stock and gets in on the ground floor only after having watched his index fund double the past few years. =)
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
The financing terms to me speak louder than these other conjectures. We know that the new investors gave axion a "full physical". Thus their desire to roll out out the cash dispersal in stages and the other toxic convertible provisions makes me think they weren't too wowed in the short term.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
My concern is less about WIP versus finished (although there is a credibility issue there) but more about when they turn that inventory be a into a sale. Why would Axion tie their capital up for 2 quarters? Maybe this is more normal but I thought the logic was companies this low on cash don't build things on hope -thus there must be a p.o. behind this stockpile.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Your postulation in the last few sentences is somewhat troubling but that thought crossed my mind too.
However,could this be a situation where an order was maybe returned for further refinement and that it will end up finished and then delivered in short order?
I'm just looking for a scenario that would explain this in a way that doesn't portend bad things.