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.
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.