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Axion Power International Inc. Message Board

  • analyst112 analyst112 Oct 21, 2013 2:10 PM Flag

    AXPW is running out of money

    They need $2mm per quarter and at sept 30 are down to $2MM in cash. Only recourse for them is a stock offering at $.05. That would be another 100MM shares. I think it will go bankrupt as no one is adopting after 4 years. The market speaks.

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    • actually not. The earnings call next month will shed some light on financial matters, and the upcoming announcement before the earnings call will prove exciting.

    • They'll be announcing an licensing agreement that will allow them to sell BMW PbC batteries for their new line.

      The GM deal will begin in 2014, as PbC will used in the 2014 Malibu. As recently announced by GM.

      Norfolk Southern will be placing a big order for their new NS999 locomotive.

      That's not to mention the business Petersen will throw them from his new company.

      Cash burn was an issue. That's been resolved through the PIPE financing and increase in AS.

      • 1 Reply to bill.lawson10
      • This is all pure speculation. Peterson was pumping the BMW story in 2010. This was article from Nov. 25, 2010.

        Axion Power and BMW Report Impressive Performance Test Results

        "After seven years of cautious disclosures about the development status, performance and market potential of its serially patented PbC® battery technology, Axion Power International (AXPW.OB), in conjunction with BMW (BAMXY.PK), has finally released impressive performance test results that show why the PbC battery is a superior choice for automotive stop-start applications."

        It's now 10 years. Where is the BMW contract?

        As far as GM, again pure speculation. They say "lead acid" not "lead carbon", which is what PbC stands for.

        Anyone giving your pumping any credence should take heed.

    • They have a convert that pays installments to them so could last 3 more quarters. Without orders, they will go bankrupt. So far, no orders.

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