"I have previously mentioned that the road to PbC commercialization has been longer than we anticipated, but that we were finding the market opportunities, for our PbC product applications, larger and more diverse than we had initially anticipated." -- Axion CEO Thomas Granville
Another tidbit from the 1Q'12 press release.
"We have received numerous new requests for proposals and quotations, more than half of which have come from new markets for our product. And although these are new opportunities in new markets, it is the historical advantage of PbC batteries that makes the equation work."
And I believe it's possible the Axion "equation" does "work."
AXPW fell a nickel after 1Q'12 results were reported and closed yesterday (02012.05.15) down four cents at $0.38. 52-week range: $0.25 - $0.84.
Are the financial problems with Exide dragging down the share price of AXPW? Today's close .155
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I have no idea. We are supposedly in a energy revolution, yet it's tough for these small energy companies to stay in business. It would be nice to see some insider buying of this stock.
ReplyDeleteOr even a press release of some kind. The insiders already own 35% of the stock so they are also taking a big hit here.
ReplyDeleteI bought 2000 shares at $0.145 today. It's a $300 roll of the dice, but I've liked the last couple of press releases the company has issued.
ReplyDeleteThis company has enormous potential and if it is going to happen it should be this year. I think the next news will be the order from NS Railroad for the over-the-rail locomotive batteries. Then news from the US DOE grant department is also in the wings.
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