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lwinkle

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  • ZBB Energy: Attractive Relative Valuation, Strong Demand Tailwind And Multiple Near-Term Catalysts [View article]
    Author > August 20 2014 • The strong balance sheet and lower cash burn rate reduces the chance of another secondary offering in the near term.


    ZBB > August 22, 2014 MILWAUKEE, WI--(Marketwired - Aug 22, 2014) - ZBB Energy Corporation (NYSE MKT: ZBB) (the "Company"), a leading developer of intelligent, renewable energy power platforms and hybrid vehicle control systems, today announced that it has priced a firm commitment underwritten public offering of 11,520,000 shares of its common stock at a price to the public of $1.12.

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    Me > Oh Dear.

    .
    Author > The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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    O well that works out perfectly.
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    .
    Aug 22, 2014. 06:07 PM | 1 Like Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    """" We shipped the batteries for this project nearly 17 months ago and they have been sitting idle ... """""


    I see the few and far between intelligent now ask the same questions:

    Poster Retired Aviator:
    "This whole 17 months idle on the shelf sounds negligent on NS part and casts some doubt on their 999 team IMO. Why didn't they buy the chargers a year ago and keep some 1000 new batteries from degrading by sitting around self discharging? "

    ============ Or is it negligent on Axion part, Axion not DEMANDING new battery be tested by NSC. OR Axion not giving NSC ' new " battery to test so the Axion Best Foot is Put Forward.

    OR Why didn't Axion provide charging mechanism 17 months ago ? To keep the batteries refreshed ?

    NO ONE BELIEVES well at least I do not and know of no one that does

    that a 17 month old battery built on the ' old ' line could perform as good or better then a NEW battery built on the NEW automated line.

    SO WHY DO THEY MOVE FORWARD - we do not know, but what we do know
    is moving forward with OLD battery on OLD line increases the risk of failure

    AND Increases the risk of DELAY, substantially. Well at least that is what I believe.

    LET ME EXPLAIN it quickly, if 5 or 50 or 100 of the old batteries out of 1,000
    fail because they are old and they have to redo the test because those 5, or 50 or 100 failed THAT IS DELAY

    AND IT IS EXPECTED - IT IS EXPECTED DELAY

    and the expected delay may result in a re-financing at significantly
    less numbers then what would happen with no delay.

    THAT IS THE POINT.
    May 20, 2014. 12:23 AM | Likes Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    How could they possibly know
    that 17 month old batteries built on the HAND MADE line
    would work better then NEW BATTERIES built on the NEW AUTOMATED LINE.

    Particularly when E Power reported the NEW BATTERIES from the
    NEW AUTOMATED LINE did better than the old batteries ?

    ---- Did Axion STORE OLD batteries for 17 months and re-power them
    before selling to Norfolk Southern ? If they did, why didn't they mention this ?

    READ my initial post """""" Is there any history here, any proof here, that batteries sitting for 17 months
    will ' recharge ' and ' hold a charge ' and ' perform ' as good as a NEW Battery. """"""

    I would prefer to hear from the company rather than putting my head in the sand, And you ?

    . The risk of failure is quite high in my opinion, IF AXION reported they sent NEW batteries FULLY CHARGED to NSC I would feel a lot more comfortable.

    That is the point. I am not short, but not a fool.
    May 19, 2014. 11:39 PM | 1 Like Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    Risk of failure is increased by using 17 month old batteries made off the non
    automated ( hand made ) line; whether it is a 2% or 20 % or 50 % or 80 % increase. No one can argue with that, it is simply a fact.

    I believe by using these
    old batteries risk of failure has increased by 50 % minimum.

    I also believe, equally as critical to Axion, risk of delay has
    increased by 50 % minimum, and with the financing looming
    delay can equally damage Axion.

    You can believe what you want to believe.

    Have a nice day.
    May 19, 2014. 04:29 PM | 2 Likes Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    I think all are in agreement, the NSC test is critical to Axion.

    If Axion does well with NSC the reputation and share price should go up; the refinance they have spoken about could go off at reasonable figures.

    If Axion does poorly with NSC the reputation and share price and ABILITY to refinance are questionable.

    A. TECHNOLOGY I understand E Power reported the new batteries ( from the new automated line ) work better than the old batteries ( in part hand made ).

    I understand E Power had bought and tested both and E Power returned the batteries made the old way - which I recall were not functioning well, and purchased the batteries made on the new automated line. E Power reported the new batteries were much better.

    So NSC is using the OLD Technology. NSC apparently bought the batteries BEFORE the new automated line was announced and before E Powers second purchase.

    B. AGE The NSC batteries are not new ( sitting for 17 months ).
    Even if they were new technology made off the new line they were still sitting 17 months and AGE may well be a detriment.

    EITHER OF THOSE APPEARS A DETRIMENT, BUT BOTH OCCURRING
    DOUBLES THE RISK OF FAILURE IN MY OPINION.

    OLD AGE BATTERIES & OLD TECHNOLOGY BATTERIES

    Regardless of fault, Why are they risking 17 month old batteries
    made on the old ( in part hand made ) line -- when every reasonable
    person agrees that NEW batteries from the NEW automated line are better.

    Why take the risk of increasing risk of failure in a MOST critical test.

    This should have been asked on the CC.

    That was my point.
    May 19, 2014. 02:15 PM | 1 Like Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    I imagine and NSC win would boost Axion reputation and share price.
    I don't think anyone disagrees with that.

    So why would Axion want them to use 17 month old batteries
    especially when we are told by E Power ( at least I recall )
    the new batteries are better and the new batteries are made
    on the new automated line ( which was not working 17 months ago ).

    What obviously should have been asked on the cc
    is - is there any history or proof that these 17 month
    old batteries will work as good as the new ones.
    Is there any reason to believe that.
    May 18, 2014. 11:23 PM | 1 Like Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    I think we all agree that freight most often hauls on a schedule, whether a car part or a postal package, or a fruit or vegetable. I believe no one will willingly take this break down risk in their business; based on ONE WEEK of testing.

    Anyway regarding the timeline, there have been quite a few timelines set by a person purported to be from E Power and none of them appear to be working out.

    Axion Power Concentrator 281: Yes this was November 2013.

    With two prototypes on the road by the end of this year and 9 more scheduled for early next year, ePower will get a lot of exposure to big fleets that do a couple hundred to a couple thousand overhauls a year.

    Axion Power Concentrator 286:

    … Cummins will be visiting tomorrow morning with its load testing equipment to make sure the genset is behaving the way we want it to. If all goes well, the installation process should be finished in a week to 10 days which would could well give us preliminary fuel economy data before Christmas.


    Axion Power Concentrator 290: And yes this was December 2013.

    The truck will be on the road by Monday with a complete EPA certified 2014 compliant on-road Cummins six cylinder engine. Your suggestion that the project is somehow lacking shows a profound disregard for the facts and the detailed information I've shared over the last few months. I don't understand why you think lying about a customer is appropriate, but I wish you would stop.


    Now MAY 2014

    We expect to have the truck back together and on the road before Memorial Day.

    ...even if we're not thrilled with our fuel economy performance.


    There have been so many promises I am in a I will believe it when I see it mode.


    HOW CAN IT TAKE SIX MONTHS TO PUT A TRUCK ON THE ROAD
    It doesn't in December it was said " The truck will be on the road by Monday "

    If I had to guess I would guess they are not getting the mileage so they keep going back and forth shop road shop road or keep in garage to tinker but still are not getting the mileage.

    My hopes are with Norfolk Southern as written above.
    May 18, 2014. 11:12 PM | 2 Likes Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    The most recent update on E Power that I read reports the following:

    """"" I understand the frustration with the delays we've had at ePower as we integrated the Cummins six into our system and went on a bug hunt for system inefficiencies. We expect to have the truck back together and on the road before Memorial Day.

    While we plan to spend about a week doing our in-house shakedown testing we plan to have the tractor on the road hauling brokered freight by the first of June.

    The PowerCube sales will be bigger numbers, but ePower should garner national attention even if we're not thrilled with our fuel economy performance.
    15 May, 06:52 PM """"""""

    In other words, or my interpretation, it is now May 15 and E Power does NOT
    have a truck on the road, and NO significant testing of any truck under load has been done.

    I am surprised ( can't believe but maybe it will work out ) that brokered freight would use the truck with only one week of testing. I find this too good to be true and very very doubtful, a truck breakdown can be expensive when hauling goods, you have to send another vehicle out there and you may miss a schedule. That a company would haul freight with one week of testing is hard to believe.

    I am just not sure of anything here, it is very concerning in my opinion.

    I personally and a big fan of Norfolk Southern and can't wait to see
    what they produce, hopefully that will be soon.

    May 17, 2014. 10:05 AM | 5 Likes Like |Link to Comment
  • Axion Power International's (AXPW) CEO Thomas Granville on Q1 2014 Results - Earnings Call Transcript [View article]
    Another MUST ASK Question:

    The CEO reports """"" In the last few weeks our project engineer for the Norfolk Southern Locomotive project travel to Texas to assist Norfolk Southern and their integrator with the boost charge to our PbC batteries.

    We shipped the batteries for this project nearly 17 months ago and they have been sitting idle thus the need for charge before they’re shipped in their final container locations to the Norfolk Southern yard, in Juniata. """"

    Is there any history here, any proof here, that batteries sitting for 17 months
    will ' recharge ' and ' hold a charge ' and ' perform ' as good as a NEW Battery.

    Or is there a 50 % chance this will not occur and NEW batteries would have to be ordered ?

    This is very concerning to me, I cannot imagine that Axion and Norfolk Southern would want to install and initiate a crucial testing with batteries that have been sitting for 17 months.
    May 17, 2014. 10:05 AM | 2 Likes Like |Link to Comment
  • Axion Power Reverse Split Authorized Share Count [View instapost]
    Lets look at the reverse split in theory.
    200 ml / 20 = 10 million outstanding
    200 ml / 50 = 4 ml outstanding

    .13 ( current share price ) x 20 (RS) = $2.6
    so even if it holds its current price
    $ 2.6 would be hoped for.

    10 million shares outstanding with a $ 2.6 price.

    Whether they RS 1 for 20 and issue 5 million shares at $ 1.5
    ( discount to current market )
    to new investor

    or do not RS and issue 100 million shares at .075
    to new investor ( discount to market )

    It is still the same. Heavy Heavy Dilution.
    It is still selling effectively 1/2 of the company.
    1/2 the company sold for 7.5 million dollars
    well that's the look of it.

    After the RS ( reverse split )
    If they can sell 5 million shares for 1.5 that gets the
    7.5 ml.........


    And that is what I foresee, because we all know
    they need probably 10 million to survive another
    year or so.

    Unless of course they have sales to bump up the price.

    BUT IF THEY DID HAVE SALES

    Why would they tell us they possibly need the 1 - 50 RS ?

    The 1 for 50 RS tells me, they have no sales.
    And have to bump up the price via RS.

    .
    May 5, 2014. 06:31 PM | 7 Likes Like |Link to Comment
  • Axion Power International's CEO Discusses Q4 2013 Results - Earnings Call Transcript [View article]
    As reported on Yahoo East Penn seems to have a report that blows Axion out of the water, or at the very least provides pertinent information.

    12 Month Technical Performance Report
    Grid-Scale Energy Storage
    Demonstration of Ancillary Services
    Using the UltraBatteryⓇ Technology
    Smart Grid Program
    Award Number: DE-OE0000302
    Company Name: East Penn Manufacturing Co
    January 21, 2014


    So I also have to ask, why is it there seems no comparable report from Axion >
    Apr 3, 2014. 01:06 AM | Likes Like |Link to Comment
  • Axion Power: Out Of The PIPE And Into The Light - Part II [View article]
    .


    Albert DeKoven

    The company filed an S-1 a few days ago. This is mentioned on the other board
    so I copy and paste it here for you.

    page 43 Axion Power International, Inc. · S-1 · On 1/31/14
    Filed On 1/31/14, 4:31pm ET · Accession Number 1144204-14-5279 · SEC File 333-193700

    " We believe that the available funds at March 31, 2013, and including the net proceeds from our May 8, 2013 issue of $9 million in senior convertible notes and $1 million in subordinated convertible notes plus internally generated funds from products sales will provide sufficient financial resources to fund our operations, working capital, and capital expenditures through the first quarter of 2014. "

    " Subsequent sources of outside funding will be required to fund the Company’s working capital, capital expenditures and rate operations beyond the first quarter of 2014. No assurances can be given that the Company will be successful in complying with certain of the terms and conditions in the issuance of the Senior Convertible Notes or in arranging further funding, if needed, to continue the execution of its business plan including the development and commercialization of new products, or if successful, on what terms. Failure to obtain such funding 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. "


    .
    Feb 3, 2014. 03:10 PM | 2 Likes Like |Link to Comment
  • Updating The Impact Of Axion Power's PIPE [View article]
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    Author claims: " We developed a strategy in 2008 and the company's execution of that strategy has been flawless."

    I think the fact of the matter is, shares issued and outstanding went from less then 40 million to approaching and likely soon greater than 200 million.

    Additionally the price, well over $ 1.00 and now under $ .1.

    If that is flawless execution I am very concerned.

    Imagine what would have happened if they had a flaw !
    Or several.

    5 years later and NOT ONE BATTERY in a car or in a train ?
    Flawless.


    . Does anyone else here see the silliness ?
    Dec 29, 2013. 05:59 AM | 2 Likes Like |Link to Comment
  • Updating The Impact Of Axion Power's PIPE [View article]
    Tom thank you for the post, I did not see it before this time, and going from what I have been told about the Axion PbC battery, I repeat the following:

    As far as I am aware, Axion has never disclosed the C-rate , why is that ? As you say, why are they not available to any consumer ? OR any consumer without a non-disclosure agreement which seems to be the course they have taken ?

    based on published Axion material we really have no idea what the battery does or does not do, as Axion has purported NDA's or non-disclosure agreements with all ?

    from what has been disclosed, and what I understand other posters have reported, or the rumor is

    a PbC has 500 Watt hours with 73 pounds of weight (33 kg) works out to be 15 Wh/Kg

    VARTA provides 80Ah for C20 at useful voltage, this compares to 20Ah for PbC down to 9 volt, 43Ah down to 6 volt, and 62Ah down to 3.6V.


    Axion's battery provides approximately one quarter the power, half the energy, and only a fraction of a compatible voltage discharge profile, and the discharge is rapid and significant. Just like it charges quickly ( many keep saying this is a great benefit) it discharges quickly and a rapid down rate.

    If this is wrong, I hope I will be corrected and someone will give us the specifics.

    the author tells us " trying to replace a flooded or AGM battery with a PbC would probably not work well. "

    So this appears to be the issue, without a battery management system directly correlating to the axion battery, it simply does not work in any 'usual' application. What I mean by that is you cannot take out a flooded lead or AGM and put in an Axion, or vice versa.

    the axion pbc appears to be its own distinct animal, and they will not put or have not put any information out there that others may utilize it, or see any advantage in it. when failing to write about advantages, I am concerned they are merely silent on disadvantages.

    My information may be wrong, but I think that is not my fault.

    Is this not the time for the company to come clean and post the C-rate and other important information ?
    Dec 13, 2013. 05:53 PM | 1 Like Like |Link to Comment
  • Updating The Impact Of Axion Power's PIPE [View article]
    Thank you OCR I do in fact have your best interest in mind, and my best interest in mind. I thank SA for providing discussion on these boards to let us small investors vent concerns. I think that is the purpose of these boards and small investor discussion, to help us all to gather information. Each investor can then make their own decision.

    I find it curious that the volume failure was not discussed in the article, an article purporting to teach us about the PIPE and concerns regarding the PIPE.

    I find it equally curious that the article mentions nothing about the PIPE shares to be released and apparently sold over the next several months.

    “Volume Failure” even if you discount or ignore the volume failure issue, and find it not worthy of mentioning, I think the investors or SA readers deserve to know it exists and make their own choice.

    And additionally, there appears not one word about the eight Monthly Installments running from September 1, 2013 through April 1, 2014. I understand these are 10 million shares a month to be issued (and apparently to be immediately sold - see todays volume). How will this market absorb 10 million shares a month of new shares being sold ?

    Todays volume was not unexpected, due to the PIPE release of shares we knew were coming.

    The question is, should this continue, can they hold it above .10
    can the PIPE 10 million shares a month be sold without reducing price ? Without breaking The .10 threshold broken ?

    Or if they do not reduce price, will there be insufficient volume and risk of breaking the $ 60,000 threshold ?

    Remember the PIPE persons appear to get 15 % profit if there is no break of .10 but 25 % profit if there is a break of .10.

    the PIPE persons appear to get 15 % profit if there is no break of $ 60,000 trading average per day, but 25 % profit if there is a break.

    If you were a PIPE person would you prefer 15 % or 25 %. Would you care less if you dumped 1 or 2 million shares a day and let the market drop ? Would you care if you put only a few out for sale and kept the price higher and no one bought ?

    Will the buyers still step in and buy with 1.5 million shares put up for sale each of the next few days ??? ( watch the volume that is what I expect over the next few days if buyers are there)

    Or do you think there will be a dry patch where to sell 1.5 million shares a day, they have to reduce price ? meaning or the price is reduced due to market pressure to find buyers ?


    certainly will be interesting to watch. while the author considers this not even worth mentioning while declaring this a low risk downside " a solid medium-term speculation with limited downside risk "

    I disagree, and I simply wanted to point out some possible risks to the readers here. Do what you want with the information, I know what I did, and that is sit on the sidelines. I believe Tom Konrad did the same.

    Good luck to all.
    Dec 4, 2013. 01:16 AM | 2 Likes Like |Link to Comment
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