Ideal Power Inc (IPWR)

[JJGl]

This needs to open back above.70 to hold its ground.

[whytestocks]

News: $IPWR Ideal Power to Host Business Update and First Quarter 2019 Results Conference Call on Wednesday, May 1, 2019 at 4:30 p.m. ET

AUSTIN, Texas, April 18, 2019 (GLOBE NEWSWIRE) -- Ideal Power Inc. (NASDAQ: IPWR), a semiconductor and power conversion technology company, will hold a conference call on Wednesday, May 1, 2019 at 4:30 p.m. Eastern time to provide a business update and discuss its results for the first ...

Read the whole news https://marketwirenews.com/news-releases/ideal-power-to-host-business-update-and-first-quarter-2019-results-conference-call-on-wednesday-may-1-2019-at-4-30-p-m-et-8023204.html

[BillG2436]

After further digging it appears that the deal never happened. Found this in a letter to shareholders. So can’t compare.

“Effective August 15, 2014, we entered into an asset purchase agreement with Pathion, Inc., a Delaware corporation, and Pathion Mining Inc., a Nevada corporation. Pursuant to the Agreement, we agreed to sell to Pathion, Inc. and Pathion Mining, our rights, interests and assets relating to our Fish Lake Valley, San Emidio and BC Sugar properties. The asset purchase agreement was set to close at the end of September 2014, but was extended to October 17, 2014 by mutual agreement, and was further extended until January 19, 2015. After Pathion failed to close the agreement within the agreed upon extended timeframe, we gave notice on January 27, 2015 of the termination of the asset purchase agreement entered into on August 15, 2014.”

[BillG2436]

I’m 0-2, it’s LTUM final answer, lol

[BillG2436]

Sorry, correction Lithium ticker is LSUM

[BillG2436]

Pathion had a similar deal with Lithium (LTUP) back in 2014. A little more lucrative 1.25 Mil Purchase and 500 Mil of Pathion common stock. But I’m sure Lithium stock is priced higher from 2014, but who knows???? Lithium’s stock more than doubled on the news. This was obtained from PRs I viewed on the Internet and I am not guaranteeing the accuracy of this.

[skwong]

She had a hard time to break 1.00 today. Are you sure we will see 1.00 and even 1.50 tomorrow

[ClayTrader]

* * $IPWR Video Chart 04-17-2019 * *

Link to Video - click here to watch the technical chart video

[BillG2436]

Pathion is a much bigger company than the 2.8 Mil revenue I saw on the Internet. 2.8 Mil was probably their revs years ago. I would guess 25 - 50 Mil plus company. This is probably way too low of a guess.

[wesley_]

nice finish, back up .80`s :)

[JJGl]

Amazingly.70 held!! Good deal

[tykundegex]

Seems you haven't followed this company very long. This is their PPSA IP that was supposed to be worth tens or hundreds of millions. They built their own line of power converters based on it over 5 years ago, but failed to generate any meaningful sales despite the enormous market in renewable energy. They managed to find a single IP licensee. So $500k is cash is a pittance. 150k shares in the other company.. who knows. $1m of liabilities off their books.. that's good but big picture is that this sale was a fire sale and the benefit to the shareholders is negligeable. Only B-TRAN can save them now, but will they succeed with it? Time will tell.

[Spudchucker]

$500,000 in cash and 150,000 share from purchaser sounds pretty damn good!! What’s the hang up??

[BillG2436]

That may be a little lofty seeing that we have limited info on this deal. Still think .60s are coming.

[ALL-IN888]

We may see 2.00 By Tomorrow, we have a catalyst news today,and that is driving this up!!! $$$$ Squeeze begins above 1.02 BOOM!!

[BillG2436]

I got some at .72 too. Yes, it seemed like it hit a bottom. Let’s see what she can do

[ALL-IN888]

It already dipped to .69 reason why it bounced to .775 LOL Like any other technical Breakout, This will explode to 1.50 - 1.60 Tomorrow, Party begins in AHs and pre-Market!!! BOOM!! $$$

[ALL-IN888]

Im Fully Loaded to the Top from .72 Dip Fun begins above VWAP @ .80 $$$$ BOOM!! $$$$

[TheFinalCD]

.70 I figured it wouldnt hold, investors want to see what "THE DEAL" is worth

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148286280

[Full Contact Yoga]

nice day so far. looking for reentry on the .62 test, maybe a bit lower

[BillG2436]

No worries. Looks like we may see .60s. On the fence on this one.

[GrnMtnGrowth]

Doh! Thanks BillG. I fixed it on both (didn't mean to post twice. Just joined and getting the hang of this) posts.

[BillG2436]

Drifting lower.....may jump in at .60s

[BillG2436]

There should be a period between the 2 and 8, lol. 2.8 Mil

[GrnMtnGrowth]

Some info on Pathion, Inc. here: https://www.owler.com/company/pathion#overview

Looks like $2.8 million in revenue (last year??). No financials. But scroll down for a little more history on other transactions.

[BillG2436]

Looks like next leg up will be $1+

[tykundegex]

They have 25 million shares if fully diluted (maybe a bit less with the recent cancellation of options), so not much. It just helps extend the runway they have before needing more funds. They had cash of $3.2MM at the start of the year (and no debt) but we don't know their new burn rate. Hopefully lean enough to get them down the road to a B-TRAN licensing deal with up-front payments.

I have no idea what the shares of Pathion are worth, they're a private co.

[TheFinalCD]

The purchase price consists of $500,000 in cash and 150,000 shares of the common stock of the Purchaser.

whats that worth per share? for IPWR investors?

[tykundegex]

Well, the market seems to like the news (current market cap of $23MM though), but how long will this run last? They need to show serious interest in their B-TRAN IP. I still have hope.

[wesley_]

1.01 HOD so far, nice

[TheFinalCD]

On April 11, 2019, Ideal Power Inc. (the “ Company ”) entered into an asset purchase agreement (the “ Purchase Agreement ”) with Pathion Holdings, Inc., a Delaware corporation (the “ Purchaser ”) and Pathion, Inc., a Delaware corporation (“ Subsidiary ” and together with the Purchaser, the “ Purchaser Entities ”) to sell certain assets related to the Company’s PPSA™ / Power Conversion Systems business (the “ PPSA Business ”). The purchase price consists of $500,000 in cash and 150,000 shares of the common stock of the Purchaser. Pursuant to the Purchase Agreement, the Purchaser will assume certain liabilities relating to the PPSA Business, and the Purchaser shall have a limited three (3) year exclusive option to purchase the Company’s B-TRAN™ (Bi-directional bi-polar junction transistor), subject to certain minimum purchase obligations. The option is limited to third parties and for use in commercial, industrial, microgrid and grid-scale standalone energy storage systems using an integrated multi-port power conversion system. The Purchase Agreement contains customary provisions for an asset sale including representations and warranties, indemnification for intellectual property-related matters and indemnification, expiring after 6 months, for certain assumed liabilities in excess of $1 million. The closing of the transaction is contingent upon the Company and the Purchaser entering into an agreement pursuant to which the Company will sublease to the Purchaser approximately 80% of the premises located at 4120 Freidrich Lane, Suite 100, Austin, Texas, and the satisfaction of customary closing conditions. Subject to certain exceptions described in the Purchase Agreement, in the event that the Purchase Agreement is terminated by either party prior to closing, a “break-up” fee of $200,000 shall be payable to the non-terminating party. The transaction is expected to close in April 2019. The foregoing description of the Purchase Agreement does not purport to be complete and highlights only those terms and conditions of the Purchase Agreement which are material to the Company.



On April 17, 2019, the Company issued a press release announcing the signing of the Purchase Agreement. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits.

[TheFinalCD]

IPWR +125% but they left out numbers in PR https://finance.yahoo.com/news/pathion-inc-acquires-ideal-power-113000713.html

Details of the transaction are described in Ideal Power’s 8-K filed today with the Securities and Exchange Commission.

[whytestocks]

News: $IPWR PATHION Inc. acquires Ideal Power's power conversion business unit and technology

SARATOGA, Calif. and AUSTIN, Texas, April 17, 2019 (GLOBE NEWSWIRE) -- PATHION Holdings, Inc. and its subsidiary, PATHION Inc. (together, “PATHION”) a provider of safe and intelligent energy solutions has entered into an agreement with Ideal Power Inc. (NASDAQ: IPWR), a semico...

Got this from https://marketwirenews.com/news-releases/pathion-inc-acquires-ideal-power-s-power-conversion-business-unit-and-technology-8014562.html

[tykundegex]

So they sold PPSA for $500k in cash, $1MM in liabilities, and 150k shares in Pathion (worth what?). What a joke. Such a great technology but a complete inability to commercialize it.

While their B-TRAN technology could be bigger, I don't see how the largely same team will have any more success licensing that. We'll see.

[tykundegex]

Stock is up 20% since the delayed earnings call.. but the volume is uninspiring. Odd that 10 days later there is still no news. Anything material will have to be 8K'd, and the only hint we have so far is the stock option forfeiture announced April 4. Any ideas what that could foretell? Possibly a new strategic investor who doesn't think management deserves their options (who would disagree!)?

On April 4, 2019, Ideal Power Inc. (the “Company”) entered into Award Forfeiture Agreements (“Forfeiture Agreements”) with Lon E. Bell, Chief Executive Officer, President and Chairman of the Board of Directors of the Company (the “Board”), R. Daniel Brdar, BTRAN Chief Commercial Officer and a member of the Board, Timothy W. Burns, Chief Financial Officer, and David B. Eisenhaure, a member of the Board. Pursuant to the Forfeiture Agreements, these individuals voluntarily forfeited their equity award grants with a grant date prior to January 1, 2018.

[whytestocks]

News: $IPWR Ideal Power to Reschedule Fourth Quarter and Full Year 2018 Results Conference Call

AUSTIN, Texas, April 01, 2019 (GLOBE NEWSWIRE) -- Ideal Power Inc. (NASDAQ: IPWR), a semiconductor and power conversion technology company, has announced that it is postponing its fourth quarter and full year 2018 earnings call, which was originally scheduled for April 1, 2019 at 4:30 p...

Find out more https://marketwirenews.com/news-releases/ideal-power-to-reschedule-fourth-quarter-and-full-year-2018-results-conference-call-7923168.html

[tykundegex]

Delayed earnings call today due to "ongoing developments". Could be ominous, could be positive.. hard to tell (market appears to think it may be positive).

The market cap on this company is a mere $6MM ... hard not to want to gamble a bit down here.. so I threw a little at it today. Ironically I now hold more shares than I ever did before when I first invested at about $8.

If they're smart, they'll just sell the IP to their PPSA (they never managed to sell their own converters) and focus entirely on B-TRAN. But even then, with the commercial blunder that was PPSA, there are no guarantees they can do better with B-TRAN, regardless of how good a technology is it. (betamax vs. VHS anyone?)

[ClayTrader]

* * $IPWR Video Chart 02-15-2019 * *

Link to Video - click here to watch the technical chart video

[aristotelisonassis]

long!

[aristotelisonassis]

nice move here today. Could massive breakout the next days .

[Lone Wolf]

You watching brah? IPWR hitting $1.6 here in the AH!

[Hooligain]

@Batmen and Chase -

Doubling down on the request here. Thanks much Batmen. Please let us know if you have more info. @Chase will be on the lookout.

[Chas42va]

Hi Batman - thanks for the thought -
huge Volume again

when do you think an announcement might comeout?
Any sources in writing to create this Vol?

[europtiger]

In 2,20 stop 1,95

[TheFinalCD]

HI CLAY


IPWR

[ClayTrader]

* * $IPWR Video Chart 12-26-17 * *

Link to Video - click here to watch the technical chart video

[Chas42va]

4,000,000+ Volume versus average of 150,000. -WOW
something is going on !!! no news

[batmen]

Going to be a blockchain announcement very soon

[tykundegex]

Ouch. This co had so much potential. This is aweful, but indicative of how the markets views the complete lack of ability to sell their IP.

[willlbone]

Back to a buck.