Hopefully for shareholders this run is based on some pending news development that has really meaning towards revenue growth, otherwise it does not seem sustainable
I doubt the terms will be more favorable than the last round since they have not recovered enough market cap to have a strong enough position to bargain from.
When considering an investment in Axion I found my dollars better invested where a company like Peterbilt is spending money, specifically Capstone micro turbines. Just following the money. I think today's action will prove my point of the opportunity cost of leaving dead money here.
Search the "WAVE concept truck" Walmart announced this project on 2/19 with little fanfare. Interesting how Walmart is also a tech company. A new kind of big rig that runs off battery power. The truck relies on on-board power generation to keep the batteries charged, amazing.
Search for "Walmart WAVE concept truck", very interesting with electric motor running off Li batteries that are kept charged by on board power generation. This was announced by Walmart on 2/19 with little fanfare. I am impressed by their commitment to new technology.
Search "WAVE concept truck", very interesting. This Peterbilt truck still uses Li batteries, but also relies on on-board power generation to keep the batteries charged. This rethinks big rigs entirely, not for the retrofit market, but might be where new trucks are going. I trust Peterbilt over Petersenbuilt any day with my investment dollars.
It is a funny way to put it but the difference is really a one quarter and a day. They went from saying "thru" a quarter to "the beginning of" the next quarter. That little trick language change sounds better and only adds one day to your time limit. Either way, soon is the time to start thinking about the next round of financing.
I get no pleasure in being right about this stock being a #$%$ investment. I have been watching, rooting for this technology and hoping for signs of invest-ability. With what appears to be price failure in the PIPE transaction, I fear the class actions are not far behind. Huge news within the next few weeks is all that can save them from absolute ruin IMO.
I don't understand why the financing deals always seemed so last minute. I wish they had reverse split this thing 18 months ago for a stronger position to enter that last round of financing with. It might of bought them the additional time they need.
Sentiment: Strong Sell
One would assume that it would be an average trading price over a number of days, however, you do see a massive spike in volume on the morning of 12/24 when the price dipped below .10 with millions of shares sold off. It's as if there were some stop loss orders sailing through. The market knows something.
The bottom is never really in until there are customers and orders to forecast profitability. Look to buy in after inevitable reverse split in 1stQ for a speculative play.