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  • aktjsports aktjsports Jan 26, 2012 9:56 PM Flag

    Feb 9th Earnings Call

    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?

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    • 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:

      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:

      • 1 Reply to wtblanch5
      • Considering this is a development stage company, I think the recent run up is awesome for Axiom share holders, maybe time to take some profits considering a lack of Insider buying and unabated institution selling, with at least one of the large sellers still having over 3 million shares (still more shares to dump?), maybe due to the bigtime dillution coming visa vi capital raise efforts prior to the end of Q2.

        From their most recent 10Q:
        Working capital is necessary to fund our capital expenditures, infrastructure and processes required to progress from demonstration projects to commercial deployment of our proprietary carbon electrode assemblies for our PbC� devices. We may not be able to continue as a going concern, and subsequent financings will be required to fund the Company's ongoing operations, working capital, and capital expenditures beyond June 30, 2012. No assurances can be given that the Company will be successful in arranging the further financing needed to continue the execution of its business plan, which includes the development and commercialization of new products. Failure to obtain such financings 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...

        ...We must devise methodologies to manufacture carbon electrode assemblies for our energy storage devices in commercial quantities. While we have assembled an engineering team that we
        believe can accomplish this goal and are adding to it as we go forward, there is no assurance that we will be able to successfully commercially produce our product.

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