30 trading days in a row below 1 and the delisting process begins. That would mean all that money and time spent for listing was for nothing. Worse than nothing. If Axion is delisted it will have a very difficult time gaining investor trust.
If it is delisted it will have to some sort of record time for a company to be listed than delisted. Well they have 28 more days to get the price up. With some manipulation they might be able to do it, at least for a while.
This stock never made since as a listed stock to begin with. I am really surprised they allowed it.
Its not a matter of "IF" but when. Below a buck not only do the B shares come into play but It gets Delisted from NASDAQ if it stays there. 50 cents is not a floor nor a big deal. Wait for 10 cents when they announce a new round of financing.
I'm looking for a Bankruptcy filing before the end of 2015 if they don't get a substancial order from someone.
Sentiment: Strong Sell
Petersen was the lawyer who did the reverse merger paperwork that allowed the disgraced Canadian Mega-C Corp to become a USA penny stock! He wrote in a bunch of shares for himself!
He's a brazen stock promoter!
Sentiment: Strong Sell
Someone may want to refresh my recollection, but I recall
1. There was writing and calculation on the SABoard that if the stock price went below $ 1
for a certain amount of time the B WARRANTS become convertible - 1 B Warrant for as many
as 4 shares.
If there are 2 million B WARRANTS out this could result in an additional 8 MILLION SHARES.
If that happens, it seems to be nearly a DOUBLE of the shares, aren't there something like 9 million shares out now ?
2. I recall the PIPE Owners from the old PIPE - last AUGUST 2014 -
converted a ton of their WARRANTS ( NOT THE B WARRANTS mentioned in # 1
other warrants from the previous finance) INTO Hundreds of thousands of shares
and in FEBRUARY 1, 2015 they can sell a few hundred thousand anyway (IIRC)
without limitations on price or volume
and this ALONE may cause # 1 to occur.
FEBRUARY ++++ WIll the PIPE SALES OF SHARES PUSH THIS BELOW $ 1
TRIGGERING A 4 FOR 1 B Warrant Conversion
NEARLY DOUBLING the issued and outstanding ????
If so I see absolute devastation -- to existing share holders, but it may be a good time to pick
up shares round about End of February early March ?
When the shares go to .5 ?
.Good luck to all.
Not stock advice not a stock advisor
have no idea what the future holds, DO NOT listen to anyone on a message board
consult a stock advisor before you buy or sell a stock, do not listen to speculation
conjecture and opinion here, do your own research !
Any guess where this scam closes for the year? Under $1? Lets see, Petersen was pushing it at over 100 at a pre-reverse split basis. I think it is highly doubtful that those investors will ever regain their investment. Of course Axion has ePower to help them out with Jay Bowman the CTO who has such a wealth of background experience. I mean he was a carpenter! without a degree! You can't beat that! I am sure he has figured out all these problems that the big truck manufacturers couldn't. This whole stock is a penny stock scam.
I am waiting for the next big announcement to pump it up so #$%$ buzzards like Petersen can sell.
Really unbelievable. The CTO has no educational qualifications and no previous work experience in diesel electric. He's the CTO? Good luck with that! They will never sell a truck. Their purpose is to help get investors into Axion. ePower is the "big" customer that John L. Petersen just happens to work for. This whole thing is nothing but a con.
Oh, Jay Bowman, maybe you can explain how a person like you that doesn't even have a bachelor's degree can become CTO of this great company with the game changing technology. I guess you're a genius like Bill Gates and Paul Allen, huh?
J Bowman why won't you answer all the question directed to you? They are direct simple questions that would require no research whatsoever such as what are the names of the people at Cummins you are working with? Not answering makes it more and more seem like ePower and Axion are a scam. You don't want that do you? After all it was you that challenged the poster to come and look at your working truck. Why won't you tell who you are working with at Cummins? Is it possible that you won't tell because you are not working with Cummins? Your silence certainly makes it seem that way.
It is odd that when asked who at Cummins ePower is working with both you and Petersen are silent. Even more odd is that when inquiring at Cummins they claimed they have never heard of you. So why don't you clear it up? Come on, you don't want people to think you're a fraud do you? Simply give us some name we can check on and talk to the people. I can't think of reason you wouldn't do that, well unless they don't exist.
But John L. Petersen Esq. says "Axion Power, A Deep Alpha Opportunity With A Clear Timeline." Oh, he now says he does't know what that clear timeline is. Sometime in the future.
65% reduction in fuel consumption! Wow! This is the classic con! Next they will be saying they have an engine that runs on water! Anything Petersen has anything to do with is a scam. Stay clear. He will be pushing investments in ePower in the future. Part of his duties at ePower is to get money from naive investors.
Yahoo Key Statistics says AXPW only has $0.09 cents total cash per share on the balance sheet. After the CASH to Averill it's even less. IMO, this would be highly speculative at $0.10 cents a share and not a good bet even at that price.
Sentiment: Strong Sell
Does this sound like any company you know?
"This type of scheme, called a pump-and-dump, is fairly simple. The scam artists gain control of a corporation, often by merging a private company into a corporate shell that is listed on one of the microcap stock exchanges, and issue a large block of shares to nominees acting on their behalf. Information hyping the company, usually about some new technology, is then disseminated through websites, newsletters and social media. Promoters trumpet the company’s prospects by telling investors to get in early before the rest of the market dives in — the pump. Shares are often bought and sold between nominees to give the appearance of active trading, further heightening interest as brokers contact clients to buy stock. Once the price starts rising, the control block can be dumped on the market, leaving investors with shares in a nearly worthless entity."
He means places like Petersen's Seeking Alpha blogs where Petersen can censor posts he doesn't like about his pet stock Axion which has gone down 99% since he started pumping it. I would bet that a good number of the posts on Petersen's blog are written by Petersen. You know the "Oh, John you make it all so clear! I can see now how Axion is a winner!" Give me a break! Petersen is a cheap con man.
I keep expecting the next big news where the stock is pumped up again so that the con men can dump. I don't know what the so called news will be. I think the BMW story is too stale. ePower? Maybe but they would have to show ePower actually selling something. Of course they could just do the normal thing for them and lie about contracts and contacts that never amount to anything. What a #$%$ buzzard Petersen is. People have lost millions of dollars listening to him and a single apology. Instead he tells them they need to buy more!
"There are far, far better places to learn about AXPW and to exchange opinions."
I assume you mean a Board which ignores the negatives and only presents a positive front.
No one at Axion or ePower is buying, apparantly, "they have really miserable, horrible lives" because they don't see the Value either.
Sentiment: Strong Sell