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You are apparently correct Stove. In the absense of any reply from Questioneer, I checked with the company and there was no sense in going forward with the 347 V DDH ballast. It was apparently a special voltage for limited use in
Canada which never actually came into being. It is of no import now, given the current products, and anyone who keeps bringing it up is living in the world of 2 1/2 - 3 years ago. This issue does not seem to have any significance now.
What does anyone here make of this nteresting post from yesterday on the PTSC Board over at Yahoo? sounds optimistic to me.
Intrinsic value of PTSC is now $3.28 20-Aug-09 03:04 pm http://www.valuepro.net/cgi/valuate.pl
PTSC
Check it!
I am not so sure there is any violation right now. Remember this is a pink sheet company. They have 45 days after the end of the quarter, but there is an additional 7 days within which to file the NT 10Q for extra time, which is quite common with micro-caps. So, while we would all like the reports as soon as possible, I do not believe it is accurate to say there has been an SEC violation.
Simkar ramps up marketing of Axis ballasts:
Simkar Corporation, founded in 1952, is a U.S.-based manufacturer of linear and compact fluorescent, exit and emergency, HID and vandal resistant lighting fixtures for commercial, industrial and residential applications.
Simkar Daylight Harvesting brochure including Axis Technologies ballast:
http://www.simkar.com/daylight-harvesting/Simkar%20Daylight%20Harvesting.pdf
I believe the next potential positive developmnet is more likely to be the UL listing on the new T8 ballast, rather than the OTCBB or a buyout. The OTCBB certainly could develop any time, but I cannot imagine that the primary holders would ever entertain negotiations to sell the company with the stock trading down here at these depressed levels. I do agree that there are signs in the bid and trade which wouold indicate that some news may be in the offing, and some good news has to hit at some point in the near future.
Nice bid support right up into the close.
I found the recent post below on the Yahoo PTSC Board this moring. Does anyone know anyting about this and how accurate it might be?
Us Patent Office reexamination certificate. !!!!! 17-Aug-09 03:46 pm The U.S. Patent and Trademark Office will issued a Notice of Intent to issue a
reexamination certificate for the '336 patent he week of August 17
Good positive action in the trade today. I need to start watching this more closely, and catching up on the developments. I could not listen in on the conference call but have picked up some positive things from others. I had held this stock for 3 years now, and missed getting out at a profit, choosing instead to hold. Have accumulated more and averaged down my cost per share to a good level if the patents hold and this thing goes. I really believe there is true value and growth potential here.
I do not think it is missing or late, and have always understood that the rules are not as rigid for Pink Sheet companies, but I am no expert. I think that the 10Q has to filed within 45 days of the end of the quarter, but there is another 7 days within which to file the NT 10Q notice, i.e. as long as the NT form is filed within seven (7) days of the expiration of the 45 day period it is timely. so there would not be anything missing or late as of today.
More great stuff, but this emphasizes that the retrofitting of America's commercial buildings is truly a long term process.
GEOFF SCHUMACHER: The low-hanging fruit
GEOFF SCHUMACHER
At Monday's National Clean Energy Summit 2.0 at UNLV, an array of high-powered political and industry leaders gathered to talk about renewable energy, climate change and the recession. It was a wide-ranging discussion, covering almost every aspect of the green movement.
But a thread running through the conversation had a more practical, pragmatic flavor. According to several participants, the fastest way to reduce greenhouse gas emissions and grow the economy is to concentrate on energy efficiency. This was described as going after the "low-hanging fruit."
Energy efficiency can be achieved quickly and effectively. Unlike, say, the cost and technological challenges surrounding solar power, there's no dispute about the benefits of energy efficiency. As a result, taking action could have an immediate effect on the depressed economy and global warming.
There is one little problem with energy efficiency: It's boring. As former President Clinton put it, "The least sexy topic is where the most jobs are."
Those jobs would be generated by retrofitting the nation's residential, commercial and industrial buildings. A report by the Center for American Progress outlines the situation: "Buildings account for 70 percent of all U.S. electricity consumption and 40 percent of total U.S. greenhouse gas emissions."
One reason that our buildings account for 40 percent of greenhouse gas emissions is they are "old, inefficient and unnecessarily wasteful," according to the report. Green building is all the rage right now, but the movement is focused primarily on new structures, not the existing ones that constitute most of the nation's built environment.
The center's report calls for a national program to conduct "deep building retrofits" and thereby reduce energy consumption by 20 to 40 percent. Such a program would create many thousands of good construction jobs, boost manufacturing, reduce energy bills and cut carbon emissions.
What's not to like, right? So why isn't it happening on a large scale? The Center for American Progress suggests a variety of factors, but the overarching one is a shortage of financing options and incentives. Under the public-private program the center envisions, 50 million buildings would be retrofitted by 2020. That's 40 percent of the nation's buildings.
The cost to accomplish this would be about $500 billion. The money would come from public and private sources. But these expenditures would generate an estimated 625,000 jobs and save consumers $32 billion to $64 billion per year in energy costs.
President Obama's stimulus package contains an energy efficiency project with a goal of retrofitting 1 million buildings per year. But as the center's report notes, at this rate "it would take over a century to capture all the energy-saving potential within the existing built environment. Our economic and environmental crises do not afford us the luxury of 100 years."
Clinton put it this way: "We are still piddling with this."
The message from the National Clean Energy Summit was to stop piddling and start doing big things -- quickly. "There are 7 million Americans who are dying to go to work," Clinton said.
Another piece of low-hanging fruit was championed by T. Boone Pickens, the oil tycoon who in recent years has turned his attention to new energy frontiers such as wind and natural gas. Pickens emphasized that his top priority is America's dependence on foreign oil.
Noting vast natural gas supplies discovered in shale beneath U.S. soil, Pickens said we should convert our vehicles from petrol to cleaner-burning natural gas. He said there are 6.5 million 18-wheelers on America's highways and streets today and most run on diesel fuel. If they were all converted to natural gas, we could cut our dependence on OPEC by half.
Pickens suggests starting with 18-wheelers because it would be easier to provide the fueling stations needed to keep them rolling. In a recent blog for the Huffington Post, he explained: "Most 18-wheelers tend to run the same routes back and forth. Truckers stop at the same places to eat, rest and refuel, so the infrastructure issue of natural gas fueling stations will be easily handled in the normal course of commerce. You don't need a natural gas refueling pump on every street corner as you would for passenger cars and light trucks."
Once the 18-wheelers are converted, Pickens said, you could move on to converting the rest of the nation's vehicles.
OK, so we retrofit our buildings and convert our big rigs to natural gas. Both would benefit the economy and the environment. And both can be done immediately using existing technology.
In the long run, along with maximizing energy efficiency, we must dramatically expand renewable energy sources such as solar, wind, geothermal and biomass. To make that happen, however, we need a stronger economy.
Van Jones, the eloquent special adviser to the White House Council on Environmental Quality, offered an apt summary: "We need to connect the people who most need work with the jobs that most need to be done."
Geoff Schumacher (gschumacher@reviewjournal.com) is the Review-Journal's director of community publications. His column appears Friday.
Reference Link: http://www.lvrj.com/opinion/53216432.html
I was out of pocket somewhat on vacatioin last week ,but saw the run-up after the news on the study. I am not too concerned over the pullback in PPS, as that could reflect qquick profit=taking by day traders and other short term holders. The volume was huge the day the news came. I am also in for the long hall, and believe we can be back into double digits (I have held the initial portion of my position for a long time)in the PPS within 18 - 24 months. That would be nice percentage gain from here.
Interesting info. from IR today. It had seemed as though AXTG's timing was perfect with Obama administration coming in, but now USA Today is reporting that the Obama stimulus funds for energy savings are delayed and essentially stuck in the mud. This has to eventually improve, but any expectation that funding for the states would be in place earlier this year, i.e. by May or June were unrealistic:
Below is a chart from an USA Today article on the slow pace of distribution of stimulus funds (with energy stimulus funds highlighted).
Reference link: http://www.usatoday.com/news/washington/2009-08-12-statestimulus_N.htm?loc=interstitialskip
Investor Relations for Axis Technologies
404-261-1196
--------------------------------------------------------------------------------
Where stimulus funds have gone so far
The $787 billion economic stimulus bill signed into law by President Obama nearly six months ago contained $288 billion in tax cuts and $499 billion in new spending. So far, the administration has spent $76.3 billion — 15% of the total available. USA TODAY reporters Brad Heath and Matt Kelley look at where the money has gone so far and the impact it is having. Financial data reflect allocations and spending through July 31 or Aug. 5.
Defense Education Environment Energy Jobs
Total funding $7.1 billion $98.2 billion $13.2 billion $33 billion Not applicable
Amount available $1.7 billion $55.1 billion $10 billion $5 billion Not applicable
Amount paid out $50.5 million $12.4 billion $214.8 million $120.7 million Not applicable
Status Most of the money paid out so far is for construction projects such as building or renovating military base facilities or housing for servicemembers. The Air Force has spent $31.2 million on such projects so far. The Defense Department says that of the more than 1,500 contracts awarded, 78% went to small businesses. Those small-business contracts accounted for 59% of the dollars awarded. About $9.4 billion of the total spent so far is from the State Fiscal Stabilization Fund, a $48.6 billion program to avoid or mitigate cuts to education and improve their school systems. States also may use some of the money for services such as law enforcement. The department has made about $34.3 billion of this money available to states, but most of it hasn't been spent yet. Programs to speed cleanup of Energy Department nuclear weapons and research facilities accounts for $168.7 million of the spending so far. Funding has begun to trickle down to states for drinking water and wastewater projects, with $36.8 million of the $6 billion program sent to the states. EPA has spent $4.5 million of the $600 million for Superfund toxic waste site cleanup. About $63.4 million — or more than half of the money spent on energy projects so far — has gone to energy efficiency programs such as weatherization, which provides funds to make low-income households more energy efficient. The Energy Department has spent $22.3 million at its national laboratories. The Pentagon has spent about $7.4 million of its $300 million for energy research. President Obama said June 8 the stimulus had created or saved 150,000 jobs and would create or save another 600,000 jobs by Sept. 16. His Council of Economic Advisers projects 1.5 million jobs will be saved or created by year's end. The U.S. lost nearly 2.2 million jobs from February through July, the Bureau of Labor Statistics says. It's nearly impossible to tell if any specific jobs would or would not exist.
What's next The Pentagon plans to have $1.9 billion in construction projects underway by Aug. 31 and 225 finished by Labor Day. It is the department's first major deadline. States may apply this fall for $4.35 billion in competitive education grants designed to spark innovative programs under a program called "Race to the Top." EPA plans to allocate all of the money for water projects by Oct. 31. The projects must be under contract by Feb. 17 or EPA will rescind funding. Applications from businesses for $8.5 billion worth of loan guarantees for energy efficiency projects such as wind power technologies are due this month. The CEA reports on the employment effects of the stimulus Friday. The Labor Department plans to have 125,000 youths in summer jobs programs by Aug.
I'm hoping it was shorts or naked shorts and that we catch them with their pants down in the near future, but it could just be someone wanting to free up some cash to get on other stocks with better postive momentum right now. But, these people may also sell, buy into something else, and then after that runs up sell and get back into AXTG. Who knows? People sell for a lot of reasons, but there sure was some support and buying there when it happened.
TRIXXX: Gruenewald's total sales this year amount to very little - less than 50,000 shares and less than $10,000, which is a drop in the bucket in terms of his total holdings, i.e. a "non-event." As for Mr. Hansen, it has pretty much been established that he never did intend to sell any shares, but rather had to file in order to transfer shares to a specific entity in exchange for more shares in the entity in which he apparently may already have an interest. The big sell-off never happened. I agree that we need to get off these pink sheets in order to avoid the effects of naked shorting, and thank you for keeping this issue in the forefront. We agree on a lot and I like the professional exchanges. I also like watching your attempt to keep the youngster(s) at bay over on yahoo.
I agree doobee. I only started posting over there in order to try to nuetralize the young multi-ID joke. I also disagree with TRIXXX on the pumping allegation. TRIXXX has been very eratic in his posts over there, but has on the whole actually been a big part of the attempt to expose and neutralize some of the bashing and keep some sense of a factual basis over there. Others, including myself, have tried, but it has not been blatent pumping. I think the UL listing is going to come sooner rather than later, and understand that UL has to examine the entire manufacturing process with the new manufacturer in China. A little delay of the listing will not derail this thing. I get as frustrated as anyone, but believe we will still see great success with AXTG. The opportuninty to pick up more shares down here in the "teens" will only enhance the stock profits in the long run.
NEW YORK SCHOOL DISTRICT INSTALLS AXIS BALLASTS
Another interesting development this morning:
To Axis Technologies shareholders and investors:
We have learned that Mahapoc, NY School District used Axis Technologies' ballasts in an energy efficiency project (see attachment). Note the lead article: "Mahopac Targets Sustainability".
The article states, "...lighting ballasts will be upgraded with efficiency sensors and a building management system will be instituted to control and monitor energy use. The contract company, ConEdison Solutions, will pay for all materials and installation."
Regards,
Investor Relations for Axis Technologies
404-261-01196
I think things will remain fairly quiet on the AVNR front for a while until we have some further news and developments in connectionwith the study.
Agreed. It does not appear that there are many sellers out there.
Interesting mention of Axis in New York Times "Green Inc." Blog post yesterday:
July 29, 2009
4:25 pm
Just lighting efficiency contributes substantially to the energy savings. LED’s for security lighting. Automatic dimming ballasts for fluorescent lighting (depending upon light coming through windows and skylights). CFL instead of incandescent.
There are more and more companies seeing the opportunities. CREE Research has been relentless in introducing new LED applications. Axis Technologies - http://www.axistechnologyinc.com — have utilities offering rebates to their commercial clients that install their dimmable ballasts –which are an important tool to manage peak load demand.
But the key is converting talk and intent into action–and investment.
— Dave
TONE ($2.22) - what a chart of late! Looks to have bottomed and momentum is hard on the upside on higher than normal volume. Still trading well below book value of $14.46, and unfortunate foray into Florida and Las Vegas real estate loans now well in the past (sold or written off in prior quarters). This chart and story looks very interesting right now.
TONE ($2.22) Hard upward momentum continues today on good volume, and still trading well below book value of $14.46.
TONE ($2.20) Hard upward momentum continues today on higher volume, and still trading well below book value of $14.46.
TONE ($2.20) hard upward momentum continues today on excellent volume, and still trading well below book value of $14.46.
TONE ($2.20) - Upward momentum continues on excellent volume today, and still trading well below book value of $14.46.
TONE($2.20) Upward momentum continues on excellent volume, and still trading well below book value of $14.46.
TONE($2.20) Upward momentum continues on excellent volume, and still trading well below book value of $14.46.
TONE($2.20)-Upward momentum continues on higher volume, and still trading well below book value of $14.46.
TONE - looks to have bottomed and is running up hard on good volume. This bank has put Florida and Las Vegas real estate woes behind it in previous quarters, and is still trading well below book value. Worth a look, as brighter days are ahead.
TONE has bottomed and is running up hard on high volume. Hidden banking gem trading well below book value. Previous forays into Florida and Las Vegas real estate in rear view mirror (FL assets sold and Las Vegas written off in previous quarters), and bright days ahead.
TONE - Bank holding Co. looks to have bottomed and running up hard on higher than normal volume. Still trading way below book value. Hidden gem.
TONE - undervlaued bank hldg. Co. looks to have bottomed and is runing up hard on higher than normal volume. Still trading at less than 1/3 of book value.
TONE - undervalued bank loooks to have bottomed and is running up hard on higher than normal volume. Still trading well below book value.
TONE (undervalued Banking Co.) looks to have bottomed and is running up hard on higher than normal volume. Still traiding well below book value.
I see more positive than negative in the Q2 earnings report, but did not get to listen in on the conference call. I agree that the next months and year should be very interesting and potentially profitable for investors. Patience is a virtue.
I do not disagree with you. I have always been long on this thing in a big way. I was respondeng to Southern Gal's comment. She wants to be negative soooo bad some times.
You are calm compared to the past weeks and months. And, I appreciated your insight into the Hanson planned transfer/sale. I have not been concerned with the UL approval, and believe it will come in the near future. But what do I know.
Q2 earnnigs report and conference call is tomorrow. This should provide some interesting insight into where things are right now, although FDA approval of Zenvia is still the linchpin here.
Now that we have TRIXXX and Southern Gal calmed down, I think we can hopefully settle in for some positive times ahead for AXTG. I get as frustrated as anyone else, but believe the pieces will fall into place at some point in the near future for some positive growth and developments here.
That is good to know. Sounds more like a transfer of stock rather than a sale. People get all worked up over "insider sales." Insiders sell and/or transfer for a variety of reasons, e.g. to diversify investments, exercise an option, etc. In Gruenewald's case, it appears he may have had to seel, but heck, he sold less than 50,000 shares total in 2009 ...less than $12,000. A dro pin the busket, and of little to no significance.
Your insider sales topic is a red herring. Obviously there is no mass dumping of the stock today, as you advocated and predicted. And, no insider is going to sell the stock at this price with the looming prospects for the company over the coming weeks and months. Today's trade is telling. Only 100 shares at the weany opening market maker bid of .14, with the bid now at .16 and the ask at .19. Market makers are clearly trying to manipulate the stock, as they do not make money off of holders like us. They make money off of volitility and trading.