You are correct, something is going on, massive dilution due to B warrant conversions, look for another 50% haircut in share price from here in the near term.
The market is smarter than you or anyone else on this board, and will continue to price shares accordingly. You are a gambler, not investor.
Would this be part of the up-listing plan?
John, your continual strategy of disregarding the risks and promoting the few sparks of positive facts is a proven failure. This is particularly evident as you promote this position when we all knew by the financial picture that a dilutive financing deal was imminent.
I will give you that now, immediately following dilutive financing, is usually the best time to enter one of these extremely speculative type plays. But be cautioned not to invest any amount that you are not comfortable losing completely, this is extremely high risk.
This is not a recommendation to invest, I personally believe that there are better risk/reward ratios out there even if you limit yourself to the developmental stage alt energy space.
Don't know much about the current officers. It seems to me that while the technology had showed some promise, it never gained any industry acceptance and at this point I fear it may have been leapfrogged. Could be worth a gamble with some play money depending on your risk tolerance. The pending reverse split and this next round of financing may put pressure on price but may be good entry points if you want to gamble. Too speculative for me at this time though.
But then again Brad, have you not been riding this down from 14 cents with financing and a reverse split still pending? Pot meet kettle; kettle, pot.
They ought to get this done well the markets are still topped out.
Actually Mr. Petersen, the FUD is coming from Axion press releases, which means, if you can follow logic, you are referring to Axion;s CEO as a charlatan. You have promised coming good news from this company for nearly a decade and all that has come from the company is FUD in the form of dilution and failed partnerships.
The next expected news from this company is the reverse split ratio followed by another round of dilutive financing. I am sorry your "Brad" did not sell his 14 cent shares above cost when he had the chance. For a couple weeks there "Brad" was the only one in the black on this stock.
There are plenty of stocks with less FUD in their story to invest in with my money.
Perhaps not forever, but at least through this round of financing in the coming weeks. I was hoping this recent run up would be supported by some new revenue news, but nothing ever surfaced, so back down we go. Are you averaging down below .14?
The guy is just a blatant liar, just because you disclose your short position, does not mean you can lie and manipulate for your own personal gain. He's on the SEC radar that's for sure.
Don't fall into the trap of some lying rookie short and think you need to choose between these two great companies. When you look at the current price to sales ratios and which company will likely first reach profitability, you see this SA rookie is just a blatant liar. I think there is room for a long position in both these stocks. JMO, Good Luck to all.
I don't have a problem with shorts in general, but this SA guy has no ethics.
It is a shame some rookie short can make blatantly false statements and try to pit traders in two great companies against each other. Do your own DD
Interesting technology, this ain't no forklift.
Surprisingly they have not yet announced the date. Last year the annual report was out on 3/22, so I would expect something soon.
Here is an excerpt from the most recent SEC filing on 2/28:
"...due to the decrease of the market price for the Company’s common stock since May 2013, it was necessary to register an additional 65,330,714 shares to continue to meet its obligations as set forth which were registered pursuant to a Registration Statement on Form S-1 (file no. 333-191774), which was filed with the SEC on October 17, 2013 and declared effective on November 1, 2013. However, again due to the decrease in market price of the Company’s Common Stock and the decrease from 85% to 80% of the VWAP of the common stock to calculate the Company’s conversion price for its Senior Convertible Notes in December 2013, it is necessary to register an additional 30,000,000 shares for potential issuance to continue to meet its obligations as set forth. This amount represents a good faith estimate of the additional maximum number of shares issuable pursuant to the Senior Convertible Notes."
There are no real surprises expected in this annual report since there was no real growth or revenue stories out of this company during the reporting period. I suspect you are long this position from your enthusiasm so you may look for opportunities to accumulate shares as the annual report sheds light on to just how close to the next financing deal we really are.
Anyone accumulating here is not betting on an annual report surprise, they are betting on a current quarter sales announcement that would have meaning to long term revenue growth. A risky bet going into a financing period, but with great risk can come nice returns, so good luck with your strategy.