Over in Axion Power Land, a group of investors took some time to develop a list of questions they wanted answered on the last Conference Call, and people to call and ask them. There was a snafu with the operation of the call, but the CEO ending up offering and then actually calling a number of those shareholders and answering their questions.
I was able to ask a Tier question on the last ZBB call, so several of us might be able to do so on our upcoming call.
So let's start brainstorming questions, and the best way to ask them.
At some point we might use a shared Google Doc to keep track of them and assign them to people who will be available during the call. Obviously some may be answered in the prepared remarks, or during the Q&A, so we have to be flexible and coordinated.
One I'm thinking about is prompted by this article:
http://www.bloomberg.com/news/print/2012-01-25/solar-cheaper-than-diesel-making-india-s-mittal-believer-energy.html
And BTW, I told you the AXPW train was leaving the station in early January. Read it and weep my friends! But I expect there's still time to get on board though it's been pretty hard to find a pullback to jump on. Hopefully ZBB will start looking something like that as well, though AXPW was a rare opportunity due to a really large dumping of shares no matter what the price in December.
Wtblanch5 - What do you have to say now about Axion Power?
I was disappointed with the pricing of the offer, and of course the stock response. But I bought a little more and didn't sell any of my position. I am still very solidly in the green, just not nearly as much.
The AXPW Concentrators blew up with discussion. Hot for a while, lots of good info.
John Petersen, as a former AXPW CEO, and currently practicing securities lawyer offered some interesting "inside baseball" on how long financing takes for these types of companies.
Obviously, the company, just like ZBB, needs to produce some real sales this year.
Alright, I'll let you know when it gets closer, Early April I'll be coming from Palm Springs and am gonna shoot up to Vegas for a couple days before heading home.
Our annual meeting used to be there for 3 straight years. Great time. Gotta go with a budget to lose and when it's gone you stop. When I play anything beside poker I lose money (don't really play slots unless its to entertain the wife, but I always lose). Usually do well playing poker. Like to go visit a time share for 2 or 3 hours, get a couple hundred in playing chips, some VIP passes to clubs etc. Well worth a few hours of time.
Everyone's budget is limited. Truly a drag. Been to Vegas before? Last time I was there some guy was sitting alone at a 21 table playing a few hands, talking on the phone, looked bored, and had perhaps a third of a million in a stack of chips. It was about 8 AM and I was on my way to breakfast. On the way out of breakfast his pile had gone down considerably. The security guard sanding behind him rolled his eyes when we made eye contact.
Never have even put nickle in a slot machine. Needless to say getting comped is not part of my world. Had a client they used to send a private jet up to take him there. I think he went broke.
moose I live here would love to pick your brain on ZBB. South Point hotel here is great.
Me too but my resources are tapped at the moment. Anyone going to Vegas in April?
Yes it could and so I sit here thinking,"buy a bit more?".
With so much downward pressure for AXPW over the last year and unrelenting insider selling (zero insider purchases over the same timeframe), why was there no insider purchasing prior to this latest run up?
Repeated Insider Selling was a Form 144 Plan that stayed at 10% of volume. They needed to raise cash.
It was orderly and could have been handled.
You can get a clear view of it here:
http://www.insidercow.com/history/company.jsp?company=axpw
The problem came with another big seller decided to get out by the end of the year no matter the price.
You will find a discussion of all of this here:
http://seekingalpha.com/instablog/228383-mayascribe/248032-axion-concentrator-38-beginning-dec-27-2011