Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
I also read this as very positive for the NS program. Our worries about the delay should subside, since the delay was due to other contractors.
"Our work in this area continues with Norfolk Southern (NS) in the area of hybrid locomotives. We shipped batteries for the first yard switcher at the end of 2012. Due to various delays by NS contractors, that locomotive is not yet on the road. Although all of our work related to this first locomotive is complete, our string testing validation program in conjunction with NS and Penn State – which is designed to provide information for potential future builds - continues within projected result parameters."
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Got a hair raising chill on this one :)
"Our hybrid passenger vehicle work has entered a new phase. The OEM, in an anticipated effort to insure they will not have a “sole source” issue, has asked us to pursue with them, an alternate provider of our final product. Since this initiative is in keeping with our long stated future strategy (“to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry”), we embraced the process. We are a few months into that program and it is going well. "
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
This is exactly correct, and why our expectations need to be in the right place. IMO, the only mission critical applications for the PbC are hybrid heavy vehicles (trucks and trains). These take advantage of the fast charge acceptance and long life cycle of the PbC. In these applications, taking the system down for maintenance is costly, and _also_ borne by the company. I'm not including auto because it is neither mission critical (for now) and the cost is borne by the customer. Auto will come into line later because of this - they won't be the first mover until someone else does (or regulation).
As for storage, it's simply a matter of cost. Recycle a few more LAB or not. I never thought the PC will sell well until the costs come down. It's simply not mission critical. In fact, while utilities might have interest in charging properties, a wealthy homeowner simply would not care. A power outage is a rare event so he does not need the best batteries. Hopefully things are changing now that Axion has an automated process.
WIth this said, I'm very hopeful still because trucks and trains themselves can be company makers, and help Axion move forward to the point where storage and auto markets are ready.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
No, his tone this last CC was the most upbeat I've heard. I first bought after Q1 2012, and when I first heard his voice I thought he sounded like a dry and gravelly old man. I assumed that was a good thing since this kind of company requires patience. I think there is a high chance he is upbeat for a reason.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
I don't think they realize how tense we are at the moment. TG might think his upbeat Q4 was hint enough. Trouble is, we don't know if the upbeat tone was a hint or BS. Only a handful of people on the APC have met TG in person.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
I mean those people who held through the offering but won't wait until May 15th to hear the story. It's a bit premature, IMO. My point is: we paid for all the bad news already by the very fact the stock is under 25 cents. We have a paid ticket for all the rest of the year. No point in selling unless TG gives materially bad news.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Eh, I don't know why people are selling now. We already paid for our ticket for the year. Axion has money for a year, so let's let TG do his thing. Some large capital firms thought AXPW was good for a chance, why not us.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
I agree many Axionistas have sold. Witness the decline of posts here and also the volume at these low levels. It's actually comforting that this much volume was absorbed today.
I think we'll hear of sales of some sort - we know there are lots of finished goods to be accounted for.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
We should remember TG said that other automakers besides BMW have followed on with interest on the PbC. Unlikely they have all dropped the PbC if any have. Perhaps it's more the glacial pace that caused them to refocus elsewhere.
Axion Power Concentrator 234: May 8: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
That is a good point. I had the taste of that once with OpenTable (OPEN). I bought a load of puts, and the stock incredibly rallied despite a lot of negative news. On the day or two before expiration, I suffered another losing trade and decided to salvage what I had left in the puts. The next day OPEN crashed and my puts would have been a 10 bagger.
Axion Power Concentrator 234: May 8: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Wow I did not realize Cummins is a Fortune 500 company. I thought it was a minnow like ePower. Cummins would be a lead larger than the size of Norfolk Southern!
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
"Our work in this area continues with Norfolk Southern (NS) in the area of hybrid locomotives. We shipped batteries for the first yard
switcher at the end of 2012. Due to various delays by NS contractors, that locomotive is not yet on the road. Although all of our work related to
this first locomotive is complete, our string testing validation program in conjunction with NS and Penn State – which is designed to provide
information for potential future builds - continues within projected result parameters."
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
"Our hybrid passenger vehicle work has entered a new phase. The OEM, in an anticipated effort to insure they will not have a “sole source”
issue, has asked us to pursue with them, an alternate provider of our final product. Since this initiative is in keeping with our long stated future
strategy (“to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry”), we embraced the process.
We are a few months into that program and it is going well. "
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]
As for storage, it's simply a matter of cost. Recycle a few more LAB or not. I never thought the PC will sell well until the costs come down. It's simply not mission critical. In fact, while utilities might have interest in charging properties, a wealthy homeowner simply would not care. A power outage is a rare event so he does not need the best batteries. Hopefully things are changing now that Axion has an automated process.
WIth this said, I'm very hopeful still because trucks and trains themselves can be company makers, and help Axion move forward to the point where storage and auto markets are ready.
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]
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]
I think we'll hear of sales of some sort - we know there are lots of finished goods to be accounted for.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Axion Power Concentrator 234: May 8: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Axion Power Concentrator 234: May 8: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Axion Power Concentrator 234: May 8: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]