Correct, tooby. AXPW uplisted to NASDAQ for the first and only time last year. There were never delisted. The recent 10 straight trading days of at least $1.00 share price means they are in full compliance with NASDAQ's continued listing requirements again. Should they fall below $1 again, they will again get 180 days to regain compliance, and usually 180 days after that, too.
This is no longer an issue.
I am unaware of any de-listings. Certainly there haven't been any recently. I did find, in an SEC filing, a mention that Axion had received a letter of non-compliance from NASDAQ early this year due to their share price falling below a $1.00 a share, which was obviously taken care of by the RS.
They also sent out a PR on June 23rd this year that they had received a letter from the SEC that they were in violation of rule 5810(b) - their chairman, Mr Farley had to resign from the company's compensation board because he was not an independent director (he promptly resigned his compensation board post - and they were back in compliance immediately). But there were no de-listings, unless it happened some time ago.
Non-compliance does not mean de-listing. It can ultimately lead to de-listing, but NASDAQ usually gives non-compliant companies plenty of time to resolve the issue(s) before they de-list them.
So as far as before and after the recent Reverse Split, AXPW was listed on NASDAQ the whole time.
Does he down-thumb himself, too? He gets a lot more down thumbs than zam zoom zah (or what ever that knucklehead's name is), and he gets them right after he posts, as well.
I'm beginning to think he knows absolutely nothing. Short interest is once again so low (short volume ratio was a measly 2.4% yesterday), that I don't think anyone is paying him to bash. But bash he does.
He may just be an insecure, or attention starved nut job. He seems to feel a need to have his stupid messages near the top of the board for whatever reason.
Its probably a psychological condition. We all should be thankful that he focuses his insanity on Yahoo message boards, and not something more relevant. Otherwise, he could be lurking around out in public, shooting up theaters or schools.
Maybe he's in prison for doing just that, and has nothing else to do with his time. Sad.
"At March 31, 2015, the Company’s working capital was $2.5 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."
Sentiment: Strong Sell
I wonder ( because they share some capacitor traits ) would they have any effect on power factor . If so some utility's already offer incentives for line loss reduction .
Another neat thing about this is that utilities and those that manage the electric grid would look favorably on these battery systems, as they provide relief to our over-stressed energy grid. It may, in fact, be in their best interests to offer incentives to homeowners and businesses to employ these storage systems. Incentives are cheaper than the costly upgrades to power plants and to the grid, which will be required to handle the ever increasing load that is being placed on them during these peak consumption times.
I wouldn't be surprised if some of Axion's future "partners" are some of the world's utility companies.
The hoard that will pile in when the deal news comes out, same as last time. But like you said, this time there should be staying power.
Stem is a private company, not to be confused with StemCell, Inc. which is a publicly-traded bio tech. It can be Googled at: "Stem intelligent energy storage".
The new "thing" in battery applications is on-site storage for small residential applications, and industrial sites. Energy is very expensive to purchase during peak consumption times. These on-site storage racks charge up during the off-peak hours, and supply cheaper power during the high-cost/high-demand hours. This is the business model of a company called Stem, Inc. It is set up like Solar City, where the customer leases the equipment for zero money down, and can realize the savings immediately.
Obviously, Axion's limited resources could not allow them to set something like this up on there own, which I believe, is why they are seeking partners. Recently Stem, Inc received an influx of investment cash from multiple companies that see the potential in this model. Those companies include Mittsui, and Co. (Japan), Iberdola SA(spelling?), Constellation Energy, Exelon Corp, and General Electric. Since receiving the influx of cash, Stem has seen a RAPID increase in business. Unlike Axion, Stem, Inc does not produce its own batteries. Check them out.
Aquion Energy is a similar Company to Axion, in that it is a small battery company that produces their own (aqueous hybrid-ion) batteries. They have followed Stem's business plan, but are targeting small, individual residential customers.
This is potentially an enormous market, that can be ramped-up quickly, as Stem, Inc has proven.
Food for thought. Eat up!
IMO will jump to $5-$7.50 on big volume, then momo folks will notice and push it a LOT higher. Everyone also knows that this is only the first deal. At the recent annual meeting, the CEO said they expect others to follow...
Sentiment: Strong Buy
haha where are you getting penlight from? oh lordy lordy. Avi you know whats gonna happen next week. My question is are you gonna be making any money on this yourself? (aside from the money you're making by bashing your bash-list on a daily basis).