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buyfear: What is the basis for your post? Did you talk to someone at the company? Your post is consistent with what I have believed to likely be the case, and I have always felt the best time to buy AXTG is when things are "quiet" as you put it, but it would be helpful if you could share more with the board.
You think it is just the MM's taking the stock down? I am long this thing for the long haul, but we are kidding ourselves if we blame the MM's. What about the various negative aspects of last Friday's PR's, including the very disappointing quarter, and the revelation that we apparently had a bad executive management team in place? I am as big a supporter of this stock and long term story as anyone, but I think we need some positive news which reflects excellent prospects going forward on either the operational front or the MMP licensing front before we stop the erosion of the PPS.
SG: No. Axis did not fail the UL inspection. I checked with IR and your suggestion of a failed UL inspection is wrong. Not true.
i think what is hurting the stock more than the restructuring and departures is the strange quarterly report and numbers. Revenue plummeted to hardly anything ($100,000), and there was a loss versus a prior year gain. And, then how do you explain the reported fact that cash and marketable securities increased by $1.4 Million? Where did this come from? Something doesn't seem right about the quarterly report and numbers, and if those of us who have followed the company closely can't figure it out, imagine how it looks to the rest of the investment community. Can anyone shed light on these issues or help me to better understand this?
So you believe that would prevent a sale of the company to new ownership even if the interest in the MMP remained under ownership by the company?
Friday's news is difficult to sort out in terms of the prospects for the stock price. But, what is clear is that there have been problems in leadership and execution which would have become even more serious going forward. Better to get things out in the open and deal with it now. Such decisive action could be a positive. Perhaps these problems were known to an extent, and that is what kept the stock from going higher on the news of the 336 recert. We definitely need to get the right executive leadership in place as soon as possible, as there are too many important things going on on multiple strategic fronts. Someone indicated in a post last Friday that this increases the chance of a buyout, but I am not sure. Anyone else have any further thoughts on these issues?
More great news today. Only a matter of time before these shares move up sharply.
Thanks Wolf. there is so much out there right now that mentions or impacts on Patriot Scientific. I really feel that patience with this investment is going to pay off.
I think the term Downgrade is inappropriate and inapplicable here TRIXXX. That would indicate that an analyst or financial firm analyzed the stock and actually downgraded it, which is not the case. As I have always understood the indications on the pink sheets, these indications are automatic in the computer system. When AXTG went past September 15 this should have happened automatically. And, when a PS stock which is indicated as "no information" files its 10Q, no matter when that happens, it automatically jumps back up to the highest indication regardless of what is stated in its 10Q. I share some of your frustration TRIXXX, but do not place any stock in this issue, and certainly do not believe that the term downgraded is appropriate.
Q: AXTG has not traded over $2 in almost 3 years, and only traded up there briefly shortly after it first went public, at a time when the Lincoln Journal Star newspaper was carrying articles and quotes from financial people predicting an immediate split. It has traded above $2 on less than 40 trading days in its entire trading history, and this was before many current shareholders even knew about the company. So, it is very misleading to continue to repeat the same stuff you repeat on Yahoo about the $2 - .15 stuff all of the time. The highest the stock has traded since I started following it and investing is $1.41. And, going forward it has a good chance to get back up there eventually for those who are patient investors. You have stated you are not an AXTG investor.
Great News! The key part of the USPTO announcement IMO is that this grants exclusivity to AVNR for Zenvia through 2025. Things are moving along nicely toward the roll-out of this new blockbuster drug.
SG: My point was that patience pays off when you are confident of the outcome, and that in most situations with these small micro-cap and PS companies, things never happen as fast as one thinks they will, or as fast as one hopes they will. But, when news finally does come, it can create dramatic up movement in PPS. That is all. I did my homework on PTSC, followed every development and legal issue very closely, and was confident that the bashers were wrong. The same is true for my investment in AXTG, and I am confident that the detractors and those who predict doom and gloom for AXTG are also wrong.
An Interesting parallel - Up to a point. I realized recently that my experience as a substantial investor in AXTG over the past 6 months has had several interesting parallels with another substantial investment I have in Patriot Scientific (PTSC). Both stocks have traded much higher over the past 2-3 years, and both had fallen down to stikingly similar and unprecedented levels in 2009. Both are small companies trading on the Pinks, etc., and both had dropped precipitously for similar reasons (PTSC's critical patents were called into question), and each has badly needed positive news. I have followed both closely for over 2 years, and believe whoeheartedly in their products and prospects. From last spring through August, both companies were waiting for good news which would hopefully bring positive growth developments. PTSC waited for a ruling out of the USPTO regarding reexamination of its critical patents which had been up in the air for at least 18 months, along with court cases challenging the patents. And AXTG has waited for the UL listing on its new T8 addressable ballast, among other things. The news has been delayed in both instances well beyond what had been expected and predicted. I have held both patiently and watched as posters here and on Yahoo have unmercifully bashed each of the stocks, assailed management, and even saw several posters throw in the towel claiming they were through. It was the same long wait this past summer for me with both AXTG and PTSC, and I still wait on AXTG. But, in mid-September, the long wait with PTSC ended when the USPTO issued a notice upholding the validity of PTSC's critical 336 patent. This sent its stock, which had languished in the .08 - .13 range for most of the past 6 months, up to .35 - .40 in just a few days on huge volume (closed at .32 today). My point is not that this will happen with AXTG. None of us know for sure what will happen with AXTG. But, for those who are patient and believe, good things can and do happen with these small companies and stocks. And, the good runs tend to happen after a dearth of news and when everyone is about ready to throw in the towel. I still believe in AXTG and its products and potential and will patiently wait for positive developments just as I did with PTSC. Food for thought.
I think today's news is just the start of what should be a string of positive announcements in follow-up to the patent recertification. The best part was the mention of the escalating royalty schedule. The future looks very bright, and I think we are on the way to returning to a much higher PPS like we saw a few years ago. Patience is a virtue.
Southern and TRIXXX: I share your frustration, and you have raised a number of good points. But, I cannot conclude that either Kip or Jim are dishonest. I do not know Kip well, but have been acquainted with him for a number of years. I have never known him to be anything but honest and forthright. I only met Jim Erickson through Axis. I have not actually spoken with either of them lately, and have purposefully left them alone, as others I trust have indicated that they are working very hard on a number of fronts to move this company and product forward. When I have questions I go through IR. Time will tell. The most I have been able to determine, which isn't much, is that there are orders waiting to be shipped, but they cannot be shipped until the UL listing is final. Every week that goes by increases my frustration. On the other hand, however, I have no reason to believe that the UL has been denied, or that it will not come in time, albeit delayed from when it should have come. Time will tell, but I am holding for the long term.
Southern Gal: Fancy finding you here. and, just when I was starting to look hard at this and felt it was perking up. Are you suggesting issues here?
Thanksgiving is many weeks down the road. I could be wrong, but I suspect things may look much brighter for our investment in AXTG by then. Have a good weekend.
Let's also remember that the real money to be made on small stocks like this is when there has been a dearth of news for some time, and then something positive happens.
I think we need to hang in there TRIXXX. You have indicated you have a substantial investment, and we all get frustrated and impatient. I have not typically invested in pink sheets either, but I learned about AXIS 2 1/2 years ago at a venture capital forum and have followed it ever since, from the Lincoln Electric System analysis to the DFW International trial install and several other developments. Thank for mentioning that you have held the new ballast in your hand. The poster that continuously claims here and on Yahoo that it must not exist must be totally incapable of doing any DD on his own. It does exist, and although the UL has been a frustration I have not seen any indication whatsoever that it will be a problem. I will patiently wait, as I have always viewed this as a long term investment, rather than a short term trading opportunity.
I agree VICSTOCK. I too would like to see the old reasoned TRIXXX back. These wild swings are hard to understand.
Doobee: Have you posed this question to Kip or Jim?
We shall see what happens at the close today. I suspect that the late day drops on some recent days have been profit taking by day traders trying to play the swings in the price, etc. We need to clear the day traders out, and make this a play for long term investors.
You make an excellent point TRIXXX. The company and product have to become a significant player and an irritation to larger players before a buyout at a substantial price becomes a strong possibility. Everything hinges on the new T8 addressable ballast. I continue to believe there is very significant potential and upside there.
Thanks Southern. It just amazes me how some of these people post these wild false statements which make it clear that they know absolutely nothing about this company and its products. Of course, they are the ones that have admitted they have no financial stake or other substantive interest in Axis, which once agaion raises the question: Why do they hang around here bashing the company and its products?
These issues between the 2 camps on the board can only be resolved with time. Those of us who are long AXTG are there for a reason, and those who constantly put the company and stock down must have their reasons. I continue to follow the company closely and am very comfortable with my significant position. I could care less what the detractors say. I think we are on the verge of very positive long term developments for Axis.
Amen! Great finish to the week. I was too busy today to participate, but will look forward to a great week for PTSC next week. I still think this is a great short and long term play for some very significant gains.
Q: It would once again appear clear that you simply do not understand this company at all. I want management to prepare for the distribution of the new ballast, and be ready to go once the UL listng is finalized.
ditto Buyfear. The day for the bulls on AXTG will come.
I do not think you have to move to Linvcoln to be on the advisory board, and view his financial contacts as a huge plus also. And, I do not think the PR was referencing the Lincoln warehouse, but rather viewed as addressing the national distribution system. I think it is all geared toward the broad distribution of the new ballast once the UL listing is in place. Don't forget that there is already a network of distributors in place. I understand you are concerned over sales, but I think the sales will come with the UL listing for the new ballast, and that it will be sooner rather than later.
I don't think it fell asleep necessarily, but I do think some of the short term traders figured that it wasn't still going up and they cashed out.
I view this as a huge positive. Individuals of the stature and background of Mr. Hogue and Mr. Bethel would not have agree to go on the advisory board without conducting serious DD and research on Axis and its products and potential future growth. This also tells me that the company is very serious about gearing up for the rollout and distribution of the new ballast as soon as UL puts the listing in place. We all get impatient and frustrated TRIXXX, and gather that your frustration reached the breakpoint of late given your about face on things, but I still believe in this company and product, and will patiently watch for things to unfold over the coming weeks and months. None of us can be sure of anything, but I believe things are still on track for success here.
Let's hope so. There was bound to be some pullback, but we should resume upward climb as news develops and as effects of 336 patent recert. become more evident.
Today's entire announcement below. TRIXXX, why do you view this so negatively? I view it as new and fresh expertise and assistance with new product rollout and distribution.
Axis Technologies, Inc. Announces Appointment of Byron Hogue and William Bethell to Advisory Board
LINCOLN , NE--(Marketwire - 09/23/09) - Axis Technologies Group, Inc. (OTC:AXTG), a green technology designer, manufacturer and marketer of a proprietary line of energy saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry, announced today the appointment of Mr. Byron Hogue and Mr. William Bethell to the company's Advisory Board.
Mr. Hogue will assist Axis Technologies in warehouse management and logistics. Mr. Hogue is most known for assisting Frederick Smith, CEO of Federal Express, in the early days of the well known package and letter delivery company. While at FedEx, Mr. Hogue served as Executive Assistant to the Chairman and held positions as Vice President of Sales, Governmental and Regulatory Affairs and Air Operations.
Mr. Hogue said, "I am excited about the opportunity to work with another emerging company that can have a profound impact on the world. Axis has a patented technology that can significantly reduce energy consumption and the global carbon footprint and I look forward to assisting the company in meeting its full potential."
Mr. Bethell will serve as Chief Strategy Officer, assisting Axis in establishing operational systems and procedures for product rollout. Most recently, Mr. Bethell assisted in the acquisition and spin-off of a $100MM non-core business unit from one of the country's largest financial institutions.
Mr. Bethell noted, "The Axis ballast technology's time has come in the marketplace both for political and economic reasons. I have no doubt that Axis Technologies' daylight harvesting ballast will play an important role in the end user's energy cost reduction strategies and assist good corporate citizens in developing 'green' philosophies."
Mr. Jim Erickson, President of Axis Technologies, added, "We are very fortunate as a company to obtain the services and expertise offered by Bill Bethell and Byron Hogue. They both share our vision of providing companies and government agencies with an easy way to substantially reduce their lighting bills. With the Federal stimulus funding finally beginning to reach the states, we look forward to utilizing Bill and Byron's experience and business contacts for building Axis Technologies into a significant player in the green technology sector."
To be included in the corporate e-mail database for company press releases and industry updates, please send an e-mail to ir@axistechnologyinc.com.
About Axis Technologies, Inc. (www.axistechnologyinc.com)
Axis Technologies Group, Inc., through its wholly owned subsidiary, Axis Technologies, Inc., designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the standard ballast into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings.
The Axis Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture and then dims or increases lighting in conjunction with the amount of available sunlight. The Axis Ballast avoids "over-lit" conditions that increase energy costs by harvesting and utilizing free daylight from windows or skylights. As the amount of available daylight fluctuates, the Axis Ballast automatically keeps lighting "tuned" to the desired level in a designated area. (www.axistechnologyinc.com/products.html) Underwriters Laboratory has approved Axis products for sale in both the United States and Canada. The Axis Dimming/Daylight Harvesting ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast. Numerous utilities have included the Axis ballast in their rebate programs offered to their commercial and government customers. Axis Technologies recently introduced an addressable fluorescent lighting ballast which enables utilities to manage peak load demand through the remote controlled dimming of fluorescent lighting of corporate clients.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Contact:
Jim Erickson
President, Axis Technologies, Inc.
(866)458-9880
Investor and Media Relations for Axis Technologies
404-261-1196
This thing is consolidating, but has held support several times in this range. Can't be sure, but this stock should make a major move one way or the other soon, and I am betting it is up rather than down.
The volume has really dried up on the stock. We need some good follow-on news to the 336 patent recert. to energize the stock and resume the upward trend.
That is pretty typical for this type of case management or status conference.
I agree with you and moneymaker, and am a long term holder. You are correct in that the resistance appears to be at .42. it will be interesting to see where it goes when it breaks through that resistance.
Moneymaker08: I hope you are accurate, but note the pullback this morning. Hopefully just profit taking by the short termers. I believe we have great potential here long term. Tried to connect to your link, but it said the pg. is no longer there. I will go in through their actual site. Thanks for the info.
Agree with you buyfear. Apparently, one of the reasons the new blogger (worldmarketmedia.com) is on to Axis is that his history is to look for companies with no news of late, and then does research and starts covering the stock right when the company is due to have news. We all pretty much know who questioneer is, and he has admitted on yahoo that he does not own any stock. His post here indicate that he also apparently will not call the company or do any research or DD. If I am wrong, I invite Q to convince us that he has a meaningful stake here, other than running the company and stock down.