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alsobirdman

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  • Axion Power Concentrator 374 Oct. 18 '14: NS-999 In Testing; Axion Nasdaq SPO Page Up; BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show [View instapost]
    I saw a blurb on the TV news this week about this. Claims they are going to create 500 jobs. Like to fast forward and see how that plays out.
    Oct 18, 2014. 06:34 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 366 Sep. 18 '14: BOD Approves 50:1 Rev. Split; EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance [View instapost]
    Agree, VW. As I have said before, my main driver for staying with Axion has been NSC. Big companies make bigger moves when driven by regulations.

    Also, good luck with your prostate issue. A good friend just had his removed on Monday and is just starting his recovery road.
    Sep 19, 2014. 10:24 AM | 8 Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    That's a good idea, Patrick. My plan has been to write something to coincide with the 10Q that will be out mid-October. This one shold show an overall profit, not just an operating profit. I'll PM you with my contact info and we'll go from there. I also have to change my user namer since they rarely will print something with an alias.
    Sep 17, 2014. 06:12 AM | Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    It is difficult in SA to do a story on a stock trading for less than $1 unless you are a very well known SA author or else pay for the Pro subscription. I fall into neither of those categories. I have tried in the past to get a Daybreak story published. I have not given up and plan to re-submit when the company shows a profit.

    Someone is selling for whatever reason. It baffles me but everybody has their own reasons to sell. Hopefully this legacy holder will either run out of shares or the need for the money and we can return to a more realistic valuation.
    Sep 10, 2014. 04:05 PM | 1 Like Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    Last week Daybreak announced a deal with Maximillian whereby the company purchased back from Max 5.7M shares that had been given to Max as part of the deal to increase the credit facility last year. Daybreak paid Max .30 for each share.

    In consideration for this, Max agreed to waive the interest portion of the monthly LOC payment until $1M had been forgiven, and also reduced the interest another 3% so that it is now 9%.

    This deal in effect works out to be revenue neutral for the company and it allows them to reduce interest payments going forward. That, and it removes those 5.7M shares from the marketplace. Those shares were canceled and removed from the authorized share count.

    All in all a plus for the company.

    I spoke with the CEO late last week and he said he was very pleased with this deal. The Kentucky wells are paying for themselves with their flush production and even though the stabilized production is a bit less than they would like, the gas production from each well is paying the on-going production cost and the wells add to the production base.

    He also told me they have been steadily adding acreage in KY when it makes sense, both financially and from the standpoint of simplifying production from their existing leases.

    Drilling in California should resume later this fall once some permitting issues are finalized.

    It is highly likely that the next 10Q due out next month will show a profitable EPS figure. Production is up quite a bit from last quarter when there was an operating profit for the first time in the company's history.
    Sep 8, 2014. 02:32 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 362 Sep. 01 '14: EPower & Axion Present At The Battery Show; 10-Q For Q1 2014; S-1 For $15MM Share Issuance; Changed Loan, IP-Secured MDA [View instapost]
    HTL, that 1K went into my daughter's Etrade account. I had an order in for 5K @ .092 and it all filled at .087. I never saw the .092 show in level II as a bid.

    I also had a 5K order in @ .095 for my son and never saw it either. I changed it to .096 and it filled but again I never saw it as the bid. The bid was much lower at the time.
    Sep 3, 2014. 03:01 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]
    Jeez. A few changes in the 10-Q and everybody wants to run for the hills. And do you really think that Maxim would only call one guy out of all the shareholders on this board? And an admittedly small one at that? I would hazard that I am perhaps one of the largest shareholders and I received no such call. Wouldn't you think they would reach out to large holders if they were desperate to find buyers? They could easily find my number if they were looking.

    Some of you work so hard to find reasons to worry. Why not try working just as hard to find reasons to be excited about the future? Like ePower, our "unnamed" diesel stop/start partner, NSC, etc.

    I may be blind, but stop for a minute and look at everything that has happened recently that is positive. IMO, until I'm proven wrong the positives greatly outweigh the negatives.

    Jeez.
    Aug 14, 2014. 08:43 PM | 25 Likes Like |Link to Comment
  • August 9th Update From Jay Bowman [View instapost]
    ah, yes. That would make more sense.
    Aug 11, 2014. 09:32 AM | 2 Likes Like |Link to Comment
  • August 9th Update From Jay Bowman [View instapost]
    Things should get interesting after the show in Detroit. I looked at the speaker list at the battery show and I assume the "mystery guest" speaker from Axion will be the new CEO. Wouldn't make sense to send anyone else. I anticipate a LOT of interest in ePower at the show. Based on my visit to company headquarters last week I don't know how anyone can not want this in their trucks.
    Aug 10, 2014. 09:30 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 356 August 7 '14: Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved [View instapost]
    No, I did not see any kind of readout indicating mpg, but it would have been somewhat meaningless anyway since we were bobtailing. The proof will be in the pudding as they say, when we start hauling some real freight. I can say that Mario is very positive, and he has put many thousands of miles on the rig.
    Aug 9, 2014. 09:09 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 356 August 7 '14: Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved [View instapost]
    Just noticed I said "will be a few years". I should have said "may be a few years" because once word gets out in the trucking community I'm willing to bet things move very rapidly to get these trucks on the road.
    Aug 7, 2014. 07:59 AM | 15 Likes Like |Link to Comment
  • Axion Power Concentrator 356 August 7 '14: Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved [View instapost]
    I’m in Cincinnati on business this week and yesterday I took a drive over to Florence and spent an hour at ePower headquarters with Jay and the crew. I came away with a much better feeling about my investment in ePower, and consequently also about Axion. I can tell you this; ePower is going to be a very big deal, and they are going nowhere without the PbC.
    I first spent time looking at the big rig. I’ve been building custom cars all of my life and can really appreciate the amount of engineering and fabrication that went into this truck. Everything looks factory. You’d never guess that a couple guys built this in an old warehouse. From the motor mounts to the wiring harness, everything but the battery boxes were made in-house. Those were made by a local welding shop and are nicely made as well.
    Then we looked at the day cab. It’s getting a few upgrades made now to get it ready for the Electric and Hybrid Vehicle Technology Expo next month in Detroit. Again, the workmanship is top-notch.
    Then Jay asked if I wanted a ride. I was as giddy as a schoolboy at a chance at my first ever ride in a big rig. The fact that it is an ePower truck made it that much sweeter. Mario and I hopped in and he started it up. Once the air pressure built up he set the diesel to 1800 RPM and off we went. We had no trailer and I didn’t know what to expect, but I tell you this thing can move. Mario said even with 55,000 pounds in the trailer it still gets to speed faster than a regular truck. I have no basis for comparison, but it seemed very smooth and quieter than I would have thought. We headed out on I75 and cruised along at 70 mph. Again it was very quiet. The automatic transmission shift points were almost unnoticeable. I can see where this truck would make anyone a better driver.
    I would recommend anyone who is an accredited investor to seriously consider getting on the ePower train before it leaves the station. It will be a few years before they really take off, but there is no doubt in my mind that it will happen.
    Aug 7, 2014. 07:49 AM | 51 Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    I know I've said this before, but I expect news any day regarding drilling in Kern and also the start of the next 4 wells in KY. The other operator they are sharing the rig with asked if they could drill a couple more wells while they had it but they should be about done now.

    I would be very surprised to see anything under .20 but anything is possible. I also see very little chance for takeover now but you can't rule anything out in penny land. The next 10Q should show a profit given that production from the latest 4 wells was not included in the 1Q results.

    I'm keeping the faith. I'm also working on getting more written on them here on SA.
    Aug 2, 2014. 07:14 AM | Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    Yes it was. Whoever is selling is very determined. Could be the directors but there are also a couple other legacy holders with 1M+ shares who may need some money now. Seems to me that .25 is a pretty solid floor. I still think anything in the .30 range is a very solid buy.

    CEO told me recently that production for 2Q will be much larger than 1Q. Since 1Q showed first operating profit even with reduced production from first 5 wells, 2Q should be the first profitable quarter in the company's history.

    Plus, drilling should begin within a few weeks on another set of 4 wells in KY. Drilling should also begin soon in CA once some minor permit issues are resolved.

    I'm still accumulating and looking forward to the future.
    Jul 22, 2014. 09:34 PM | Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    Wish I had some insight, Patrick. It's one of those things I can't figure out. 10Q shows revenue up 260% from last year, finally showing an operating profit without including the 200+ bopd from the last 4 wells and the stock sells off.

    The CEO told me a few weeks ago he thinks it is a legacy stockholder dumping his shares for a reason only known to that person.

    I'm still as bullish as I ever was, but I have to admit I wish I had sold a bunch of my shares in the 40-cent range when I had the chance. I'd be buying them all back and more right now.

    I'm still holding strong. Should be drilling in KY again soon, and lots more wells to drill in Kern county when the permit issues get resolved there.

    If you want to know when drilling is starting in KY, use this link to get to permit issuance data. They only get the permits a few days in advance in KY.

    http://1.usa.gov/1qgykXt
    Jul 16, 2014. 07:50 PM | Likes Like |Link to Comment
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