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Ranma

Ranma
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  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    "I would say that the biggest changes in this document are deletions as opposed to additions, which is also telling in its own subtle way."

    The S-1 did not have deletions. It was the 10-Q that did not mention NSC or auto. IMO, whoever did the cut/paste simply missed that section, as the NS-999 is being worked on according to AltoonaWorks. We could be inches away from NSC news.

    The broker at Maxim is young, and started there not too long ago. He is not on the investment banking side. I think it is telling that he said "Axion" wanted to give existing shareholders the opportunity, and not that "Maxim" wanted to.
    Aug 18 05:23 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Believe it or not, I use charts for all my trades. I just want an intuitive explanation why it works. For me, moving averages are rooted in psychology. They tell you other people's price points, and thus where a move might end if the fundamentals aren't strong enough. Bollinger bands are rooted in statistics, obviously, with a reversion to mean strategy. I don't know what death crosses tell you other than that the price had been falling. Back in the first week of April, AXPW had a golden cross that subsequently led to a price fall. It seems that in AXPW, one should do the reverse of a cross.
    Aug 18 05:06 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    It just means that the short term moving average has fallen below the longer term one. Or in other words, the price has been falling lately. Chartists say that it's bad sign - well no kidding... the price has been falling. I've seen just as many death crosses or golden crosses where the stock ended up reversing as it happened at the end of the move.
    Aug 18 04:51 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    You don't make it with SF rents without having a large client base, lol.
    Aug 18 04:48 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 359 August 17 '14: 10-Q For Q2 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Painting the close does help our emotions, which in turn makes a difference. Hard to measure, though.
    Aug 18 04:14 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Maxim was a great step up. The PIPE also would have been over a strategic investor had sales materialized in TG's timeframe. I continue to think TG was led to believe there would be news that would counter the PIPE. NSC at the time stated a 2013 roll out. There were other leads like solar.

    The deal this time is definitely a step up, as it is not a convertible stock deal. This time investors have to be long term holders.
    Aug 18 02:17 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    An underwriter buys any leftover shares it's not able to sell, correct? Thus, with the information they have, they should be highly confident about either selling to clients or holding the stock.
    Aug 18 01:00 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    When I talked to Nick Hall, he asked how I got his contact. I gave him a first name only, and he knew exactly who it was. So my impression is that he was putting out feelers to gauge shareholder interest, and hadn't made that many calls in total. Again, he said he doesn't feel that finding enough investors would be a problem. Now that could just be what he says, but from the above I don't have a reason to doubt it. But in fact, since I and maybe others have called him, he might have been encouraged to call more shareholders. This isn't a red flag to me, as gauging demand is very important even if you have no shares to sell - you can use that data to price your shares higher.
    Aug 16 12:58 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    I called Nick Hall, and came away reassured. He was very patient and answered my questions, but he also emphasized that he is not on the investment banking side and so has no inside info. With that said:

    1. He did make calls, but to clients of Maxim.
    2. This does not reflect low demand. He stated that there are many interested in the technology, last time had good demand, and doesn't see an issue with demand this time. The reason for the calls then, IMO, is:
    3. He explained that potential investors make their commitment after the final terms are settled. We'll see a filing, and that's when the bankers solidify orders. Until then there is no commitment and that's why he's building an order book in case. He gave examples of other offerings that went the same way.
    4. It sounds like they will wait for the RS. He stated that the RS and uplisting would be positive for the share price. Thus helping deal terms.
    5. He sounded familiar with Axion's story. He stated many are interested in the promising technology, but have issues with management. Unless he talked to many Axionistas, that means that some big money is following Axion as well.
    Aug 15 05:15 PM | 14 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Are we wrong in assuming the determination date is in the future, not in the past?

    Tesla also raised money based on the closing price of its stock.
    Aug 15 01:19 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    My mistake, I was quickly glancing and pulled that number from the cash flows section.
    Aug 15 11:02 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Perhaps the bidder was looking at the inventory:

    Last Q inventory net was (291,734)
    This Q inventory net is 565,853

    Clearly they are preparing for something. That, along with "capital expenditures" is a strong sign.
    Aug 15 10:08 AM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Looks like you started the snowball.
    Aug 15 10:02 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    Did anyone see which MM was the bidder?
    Aug 15 09:50 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 358 August 14 '14: S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO [View instapost]
    It's a real bid...50k just bought.
    Aug 15 09:38 AM | 4 Likes Like |Link to Comment
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