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  • Update: Starcore International Acquires Creston Moly For C$2 Million Out Of Bankruptcy [View article]
    Regarding the dividend payment, was that a one-time payment, or is that expected to be an annual dividend? Some charts are showing it to be an annual payment with a yield in the 15% range, which would sure make it worthwhile hold while waiting for an upside movement.
    Feb 9, 2015. 04:17 AM | Likes Like |Link to Comment
  • Oil Price Soars, Rig Count Plunges Worst Ever, But Bloodletting Just Beginning [View article]
    Recently, I was fairly stunned to learn some of the historical context between Ukraine and Russia. Apparently, when Lenin took over after the 1917 revolution, the Russians upended Ukraine's food production (apparently purposely), causing millions of Ukranians to die of starvation.

    Interestingly, they did the same thing to their own populace, causing many millions of Russians to die as well. It was only a huge food relief program orchestrated by Herbert Hoover which prevented this catastrophe from being far worse.

    Some historians have wondered if this relief program actually prevented an early demise of the Communist Party, which would likely have been booted out for their enormous incompetence had it not been for the successful relief program.
    Feb 7, 2015. 07:01 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 388: Jan. 31, 2015 [View instapost]
    Engindoc, kudos to you for taking this initiative. I elaborated on some of my own thoughts regarding potential legal action on this post []. It includes some technical details that you and/or others who are considering filing a complaint may find helpful.

    If you could post a link to the SEC site where a complaint can be filed, I'd appreciate it. I myself wouldn't take the initiative, but if you and/or others made a concerted effort, I'd be willing to do my part. One complaint can easily be ignored by the SEC. But if many followers of this blog filed a complaint, that could mean hundreds--much harder to ignore.

    I agree with Rick that it would be good to tighten up any complaint. Also that it would be best to focus almost entirely on Maxim, as that's where I think the greatest potential liability lies. At this point, going after Axion would be like trying to squeeze blood out of a turnip.

    Going after Maxim could yield any number of benefits, the most important in my view being that even the potential of an SEC investigation might deter them from ever trying this kind of bs again. I would like nothing more than to see them get taken to the cleaners. Perhaps not likely, but at a minimum, I'd at least like to see them squirm a little, and have the word get out about what kind of outfit they are.
    Feb 6, 2015. 03:38 PM | 7 Likes Like |Link to Comment
  • Linn Energy: The Important 'What If' Question [View article]
    "...what if distribution cuts continue". I may not have specified it, but it was implied. "
    If you're going to write to an audience with widely differing ranges of knowledge about your topic... please be specific--avoid assuming readers are going to readily pick up on your implications. Cut to the chase, as they say.
    Feb 5, 2015. 04:24 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015 [View instapost]
    "WiO - New blood, if smart, would just wait for the post-B dip."
    Rick, I'm guessing if this is new blood, they're most likely unaware of what a cashless conversion is, much less the details about the B warrants. I mean, who could even begin to imagine such an albatross?
    Jan 30, 2015. 02:13 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015 [View instapost]
    Raleigh, that's my best guess. Could be that and/or new blood coming in from both Axion and PEV as well. For somebody with a long-term perspective, killing the B's would be priority #1... which then makes any future cap raise much more navigable, which then buys more time for any number of endeavors to come to fruition. The potential of the PbC to offer compelling solutions has always been there--it's just been a matter of whether management, funding and time could make it happen. It does seem like a corner of sorts is finally being turned.
    Jan 30, 2015. 11:12 AM | 4 Likes Like |Link to Comment
  • Recent Buy: AT&T [View article]
    I recently watched a segment on NBR where they interviewed a man representing the Edgar Lomax Value Fund. AT&T was one of their top picks, and represents their largest holding []. They have a price target of $57 on it.

    It surprised the interviewer that he would have such a high target price on T, but he responded by saying their impressive performance this past year was helped significantly because their largest holding went up 40% (INTC), another "dog" people have had low expectations on for years.
    Jan 30, 2015. 08:50 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015 [View instapost]
    "It's not a good pick for hours of storage."
    >Froggey: -- From PEV's website, it appears they work with energy storage of all kinds, with most, if not all, being preferable to the PbC. But it seems they have to have an FR component when working with large amounts of storage, and from my understanding, this is where the PbC shines, AND has a track record. That's why ISTM the PbC has the potential to be "part" of the solution, but certainly not all of it.
    Jan 28, 2015. 02:52 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015 [View instapost]
    I just browsed this morning's good news, and noticed a number of comments on solar, but none regarding wind. Living here in Oregon, I've seen many references over the years to problems of excess wind generation along the Columbia River Gorge, and how wind turbines are often shut down for periods of time.

    I'm guessing PEV is likely very immersed in this situation, and my "hope" is they are viewing the PbC as part of the solution for excess wind generation. It's very big here in Oregon, and I would guess any viable solution would have broad implications for the industry, and for Axion if the PbC was a key component.

    From Wikipedia -
    Jan 28, 2015. 01:32 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015 [View instapost]
    "It surely was not a move for wealth and power but one of responsibility."
    Iindelco, thanks for your comments, which I think are spot on. Another word that comes to mind in addition to responsibility is service. If I may wax a bit philosophical... I believe that as we go through life, we are given many opportunities to learn to balance giving and receiving. Looking out at the world, it becomes apparent more people are tuned into receiving, while a lesser number are more oriented toward service. — To me, DDG’s desire and willingness to serve his community speaks volumes about where he was on this spectrum. I think this showed up in his willingness to take on the CEO position at Axion as well, a decision I’ve always suspected he did with a fair amount of reluctance—but did so out of a sense of service.

    If I may wax a little more philosophically... :-) People often make the comment after somebody has passed on, “may they rest in peace”. My own take is that people who are oriented toward service have no interest in “resting”. Being more oriented toward a life of action, I've come to believe they most likely seek out new venues to continue in this spirit.

    I once read that after we pass on, we are given more opportunities to hone in on what we love to do, and then seek out how we can be of service with the skills we acquire. In short, the higher worlds, or heavenly planes, are populated by “specialists”. Is this accurate? I guess I’ll have to wait and see, but the prospect of an afterlife of action is far more attractive to me than a life of “rest”.
    Jan 26, 2015. 12:40 PM | 12 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015 [View instapost]
    I think it would be good to keep in mind that speculation of anybody's death often leads to rumors--which can then inadvertently turn out to be hurtful to those closest to him. I think it best to respect his family's wishes on disclosure, and keep speculation to a minimum.

    I myself will always appreciate DDG's willingness to step into a very difficult situation, and be reasonably forthright about Axion's prospects going forward. It must have been difficult to be as competent as he was and be thrust into such a challenging situation--caused in part by a great deal of incompetency. But from what I can tell, he made some pretty valiant efforts to turn things around for Axion and its beleaguered shareholders, and I'll always remember him in that light.
    Jan 25, 2015. 07:13 PM | 25 Likes Like |Link to Comment
  • Oil Stocks: Buy Low (Now), Sell High (Later) [View article]
    "2) GASL. 3x leveraged play on blue-chip E&P producers"
    John, any particular reason you prefer GASL over UWTI? Also, GASL at 2.97 is down from a high of over 60. Would you expect GASL to return to 60 on $100 oil? - Thanks!
    Jan 25, 2015. 06:54 PM | Likes Like |Link to Comment
  • Oil Stocks: Buy Low (Now), Sell High (Later) [View article]
    "I also have looked at several; MEMP, BBEP VNR, and added a bit of the latter two."
    JGrevor, I've looked at those three as well, and came to about the opposite conclusion. lol A this time, I've decided to stay away from BBEP and VNR, but will likely pick up some MEMP on the next dip. I consider BBEP and VNR to be far more dependent on a near-term price recovery than MEMP. I tend to think the current low-price scenario could last longer than some think.
    Jan 25, 2015. 06:31 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 386: Jan. 12, 2015 [View instapost]
    OT - This is a treat to watch. I believe it's what they call being in "the zone". - I loved it! :) - "VIDEO: Klay Thompson scores NBA record 37 points in a quarter" - []
    Jan 24, 2015. 12:24 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 386: Jan. 12, 2015 [View instapost]
    Patrick> - "it began with the disastrous performance of the IPO. The disastrous performance was primarily due to participants in the financing liquidating common and A's to reduce their risk and hang on to B's."

    RA> - "Bullseye. Recall that the nudge and wink "this is not investment advice" investment advice from Maxim's brokers was to "sell the shares and A's right away and hold on to the B's." A self fulfilling prophecy and almost like a set up."
    I find this discussion on the potential for a class action suite to be interesting. In addition to the potential liability of the "nudge and wink" advice given by Maxim (is this allowable within the parameters of their fiduciary duty?), I think there might also be a technical legal point involved. I alluded to this in my LOOooong post last November 17 (see below).

    I would think Maxim has insurance that would cover various kinds of liabilities, and I don't think it's that farfetched to imagined that lawyers might be willing to take on a case such as this. Ethically speaking, I think they would have a strong case. Legally speaking, I'm not so sure.
    Here's what I posted last Nov. - []:

    "The cashless conversion terms of the B warrants were agreed to and inserted into the pre-prospectus during a 2:00 pm meeting at Maxim on Wed., 10-22-14, a mere two days before the Friday, 10-24 kickoff. — In a phone call with Lenny at Maxim immediately after that meeting [], he never mentioned those conversion terms, but emphasized the B warrants several times as “an internal hedge”. He also referred to them as containing an “anti-dilution clause” and that retail investors had the good fortune of being able to “piggyback on the institutional muscle” which secured them.

    I did a bit of research, and discovered the cashless exercise “time period” was changed from an original nine months in the 10-22 pre-prospectus, to only four months less than two days later in a FORM 424B3, which was sent to me via email at 2:09 pm, 10-24-14. — I’ve come to believe this last minute wording change from nine months to four months was possibly as material as the original cashless conversion language itself. I’ve also since wondered if it was technically legal, given the offering had kicked off earlier that morning before this material change was made public. Anyway, I thought I’d post this in case anybody might find these specifics noteworthy."
    Jan 24, 2015. 11:56 AM | 5 Likes Like |Link to Comment