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Freya

Freya
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  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    Quarterly Income Statement link:

    http://tinyurl.com/pdd...

    Annual Income Statement link:

    http://tinyurl.com/qxw...

    The Annual should give pause to even the most ardent.

    What the hell are they doing?
    Aug 30, 2015. 02:21 AM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    We get updates on ePower via JP who occasionally leaves a peppy comment on their "progress".

    Its always good.
    Aug 29, 2015. 05:42 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    I suggest you read the 10 Q:

    11. Subsequent events

    On August 6, 2015, the Company entered into a securities purchase agreement (“Agreement”) with several accredited investors, including one director of the Company (each, an “Investor”) pursuant to which it sold $600,000 principal amount of Senior Convertible Notes (“Notes”) to the Investors. The transaction was approved by the Company’s Board of Directors on August 5, 2015. The Notes carry an original issue discount of 15% so that the gross amount of proceeds to the Company (before expenses) is $510,000. The Notes bear interest at the rate of 12% per annum, and the interest is payable in cash upon repayment of the Notes or in shares of the Company’s common stock upon conversion of the Notes. The Notes have a term of 90 days from the date of issuance, which may be extended at the option of the Investor with respect to all or any portion of a Note (i) in the event that and for so long as an event of default is occurring under a Note, (ii) through the date that all shares issued upon conversion of the Note may be resold under Rule 144 without restriction and/or (iii) through the date that is 10 business days after the consummation of a change in control transaction, all as specified in the Notes. The conversion price for the Notes is $1.75 per share. The holders of the Notes will be issued one five year warrant (“Warrants”) for each $1.00 of principal amount of the Note invested (510,000 Warrants in total). Each Warrant has an exercise price of $1.75 per share. The Agreement, Notes and Warrants contain other terms and provisions which are customary for a transaction of this nature, including standard representations and warranties and events of default. The transaction is exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D, as promulgated thereunder, and closed on August 10, 2015. All monies were received by August 11, 2015.

    It may have been a "bridge" loan and I misspoke by using "preferred" because it was easier to type than "Senior Convertible Note",

    But It is definitely available to accredited investors so go for it.

    BTW JP said that ePower would happy if it made progress in 2 years.
    Aug 29, 2015. 12:22 AM | 1 Like Like |Link to Comment
  • Quick Chat 282 July 28 2015 [View instapost]
    This is only NYSE membership trading.

    Program trading is a different story.
    Aug 28, 2015. 05:45 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    Form 10 Q:

    " 9. Going concern

    The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. At June 30, 2015 the Company’s working capital was $0.9 million. The financial resources of the Company will not provide sufficient funds for the Company’s operations beyond the third quarter of 2015, as those operations currently exist. Subsequent funding will be required to fund the Company’s ongoing operations, working capital, and capital expenditures beyond the third quarter of 2015. No assurances can be given that the Company will be successful in arranging the further funds needed to continue the execution of its business plan, which includes the development and commercialization of new products, or even if further funding is available, upon what terms. Failure to obtain such funds on terms acceptable to the Company’s management will require management to substantially curtail, if not cease, operations, which will result in a material adverse effect on the financial position and results of operations of the Company. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that might occur if the Company is unable to continue as a going concern."

    from the above:

    "At June 30, 2015 the Company’s working capital was $0.9 million. The financial resources of the Company will not provide sufficient funds for the Company’s operations beyond the third quarter of 2015"

    $250k from LCB, $510k from the preferred sale, +$900k
    They are no longer paying the rent.

    Instead of gambling by buying shares why not buy more of the preferred thereby giving Axion more time.

    Or is that too much of a gamble?
    Aug 28, 2015. 05:35 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    100 batteries for application testing?

    Exactly how many applications do you think Axion missed over the past 3 years?

    Besides, I wouldn't order anything until I had it independently tested and, at the very least, started building a manufacturing line.

    Its common sense but common sense seems to be a scarce commodity.
    Aug 28, 2015. 10:45 AM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    Did Gesang ask for the extension?

    Whether he did or not, Axion did so without informing anyone beforehand.

    100 batteries shipped in stages, doubtful any will arrive in China before the end of August.

    Axion will do another extension, Shipping Problems :)
    Aug 28, 2015. 05:40 AM | 2 Likes Like |Link to Comment
  • Quick Chat 282 July 28 2015 [View instapost]
    Net buying on Thursday

    get this: 1,169,354,000 up 1,168,786,000 down

    2.3 billion shares, the difference 568,000

    really cute, 2 bad they don't provide hourly data
    Aug 28, 2015. 05:17 AM | 6 Likes Like |Link to Comment
  • Quick Chat 282 July 28 2015 [View instapost]
    Will look but will post first.

    Monday's Dow down gap has been closed.

    Raise capital or buy insurance or both.

    We are in for a wild ride to the downside over the next 6 weeks or so with fake outs along the way.

    SPX 1600 still in view.

    Now i'll look..... understood most of it, agreed in principal but not how we get to that conclusion.

    I have hrs to wait for Thursday's data but the Tail is wagging the dog again. NYSE Membership have been net sellers for weeks. That selling has accelerated drastically including Wed. data.

    Nyse Program trading accounts for around 24-25% of all volume daily on the NYSE, the market will go where they say.
    Aug 28, 2015. 12:28 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    No doubt about it.

    Technology advances and will accelerate in the future with the application of new minds with new tools.

    Axion, a decade without a resulting product.

    The end of August and Sept. 12, will there be another Fund raiser?

    Another NR?
    Aug 27, 2015. 10:59 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    I take it you missed this too:

    "Sino-Foreign auto parts JVs from 1194 to 2007"

    When one puts a resume together quickly, sometimes its the little things that trip you up :)
    Aug 27, 2015. 11:34 AM | Likes Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    I see you found the link.

    Unable to verify the credentials listed.

    Do know, he's over 800 years old :) and as such died long ago.
    Aug 27, 2015. 10:47 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    Nothing unusual for Axion, after all they don't provide all of their SEC filings at their website either.

    RA found one on Yahoo that I didn't know existed because Axion didn't post it.

    But then I was used to transparency until Axion.
    Aug 27, 2015. 02:45 AM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    Li was supposed to be at a dead end.

    It was not useful for anything other than scooters and bikes.

    The revolutionary battery will be the Li.
    Aug 26, 2015. 05:36 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 403: August 19, 2015 [View instapost]
    This is the Title of the first link

    "MIT scientists find way to make lithium-ion batteries last indefinitely and store more energy"

    4 times as much storage as previously thought was the limit.

    Heat is no longer a problem.

    You have to believe that ev's will become the cars to own.
    Aug 26, 2015. 04:48 PM | 2 Likes Like |Link to Comment
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