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ZBB Energy Corporation Message Board

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  • wtblanch5 wtblanch5 Jan 26, 2012 11:46 PM Flag

    Feb 9th Earnings Call

    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

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    • 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.

      • 1 Reply to aktjsports
      • No doubt AXPW is very high risk high reward.

        There are certainly some of their shareholders with both core and trading blocks who will take profits from time to time.

        There is some debate over how the financing will affect the share price; there are a number of factors pro and con. Obviously depends on the terms, and whether it's mainly aimed at production facilities needed to fill solid contracts. BTW, they just hired a new Sales person from the now bankrupt HEV. All his options, as for the rest of management team are at $1.50 ... over twice the current price.

        http://www.axionpower.com/profiles/investor/ResLibraryView.asp?ResLibraryID=50415&f=1&BzID=1933&Nav=0&LangID=1&s=0&Category=1562

        They have not ramped up staff nearly as much as ZBB, but this is an encouraging hire.

        John Petersen recently posted this on the sites I've cited before:

        "I recently discussed Special Sits with a broker at a firm that caters to institutional clients. He told me that Special Sits had a high-level management change in early 2011 and the new guy made some very substantial changes in the overall portfolio structure, which incidentally shrunk from $866 million at March 31 to $649 million at September 30th.

        There selling behavior has been entirely consistent with what I'd expect from a new portfolio manager who wanted to match a fund's holdings to his personal investment style."

 
ZBB
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