Axion is the result of a stockholder uprising; a civil war that started when a small group of investors discovered that they were victims of a stock fraud. Those investors fought a long, hard and expensive battle to safeguard their rights and continue the development of an amazing battery technology. They invested more than $12 million of their own money to finance Axion’s activities and won every major battle, both in court and in the laboratory. When a truce was finally negotiated, 4.7 million Axion shares were set-aside in trust to compensate the innocent victims. Those of us who were frontline soldiers in the war were forever changed by it.
The civil war is over and Axion won. The judicial gavel has fallen several times and discussions of the past are nothing more than war stories. The victors are simply glad that the war is over and the losers cling to the vain hope that the South will somehow rise again. While the war crimes trials are continuing in the U.S. Bankruptcy Court and the Ontario Securities Commission, those trials are not Axion’s problem because there are no Axion parties on trial. When the war crimes trials end, the innocent victims will be welcomed as Axion shareholders.
This message board is about Axion’s technology, its business and its future. The only lesson that history holds is that Axion’s management team will go to extraordinary lengths to protect investor value and bring the PbC battery to market. In almost 30 years of practice, I have never seen a management team with the experience, determination, commitment and character that I found at Axion. I’m proud to have been part of the team and happy to be a substantial Axion stockholder.
I would, however, caution newcomers to watch out for spiders, scorpions and snakes because anonymous posters are not necessarily who or what they claim to be.
John L. Petersen, Esq.
I am John Petersen and you may very well be thinking about my articles.
As some of my more vocal critics will be quick to note, I'm a former director of Axion and I own a boatload of stock. So I am far from disinterested.
I devoted five years of blood, sweat and tears to Axion and think the goal is within reach. But before buying any stock you need to truly understand the issuer. The best place you can go for reliable information is the SEC's edgar filing website which has every piece of paper the company has ever filed. As a starting point, I would suggest the Form 10-K. The link is: