Seems like a reasonable strategy at this point. It is concerning that they have not secured a financing deal by now.
Interesting article on Reuters today titled "Analysis: Rethinking the lithium-ion battery ", It is interesting when someone other than John Petersen talks about advanced lead acid batteries. The article mentions East Penn Manufacturing and Energy Power Systems as leaders in advanced lead acid technology, no mention of Axion anywhere, other than Petersen blog posts.
Without financing soon, your best bet for a gain here is a buyout from East Penn or Energy Power Systems.
They have not secured a financing deal that we know of, Tom and team like to play it close, no Tesla style tweets. I really have to wonder if the burn rate has gone down or income up, given that we have not seen any financing well past the point that the naysayers were saying it was going to happen based on past spending.
Tom's MO is to sell at some point, but now seems like a bad time to do so.