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Interesting statement contained in the otherwise less than exciting 10Q for Q1 2009:
"The first quarter sales figures were less than anticipated due mainly to delays in getting our redesigned T8 ballast to market. Axis has contracted with a new supplier from China to help with the development and manufacture of this updated ballast. The UL has taken longer than predicted to assess our newly designed ballast as it has several improvements over our previous design that necessitated additoinal testing. We anticipate UL approval will occur in June 2009. Axis has received purchase orders of nearly three quarter million dollars for these ballasts, and we were not able to deliver them due to the UL delays. In anticipation of the UL approval, we have arranged for our new Chineses supplier to start manufactureing the newly designed T8 ballasts that will translate into approximately $330,000 in sales, of which there can be no assurances, once UL approval is obtained"
This seems to explain recent delays in connection with the new and improved product. Still, would like to see concrete announcements in this area in near future.
The benchmark should not be a multi-million dollar order or nothing.
I understand from your earlier post, TRIXXX, that you believe that it is inappropriate for any press release to issue unless it is for an order or projected sales of a minimum of $4 Million - $4.5 Million Dollars? I disagree. All orders and bids for business and sales are important.
As I read the PR it looks like essentially an RLE PR, but aside from that it appears to have the potential for $180,000 to $200,000 in sales. People complain here about the lack of PR's, and then when one comes with a potential for a 6-figure sale, they still complain. I, for one, am impressed, as I believe that this is just the first in a long line of announcements.
Well Stated!!
Not dismal from here. Understand that the cost savings are much greater. $62 may be full retail cost, but some of the larger distributors are paying much less and can sell for whatever they want, e.g. $45-$50. Large orders get even more favorable pricing, and many utilities are rebating much of the cost (50%-100%) back. Energy savings are much greater (up to 70%) than indicated elsewhere in other postings, and the salient point is that utility rates are only going to increase going forward. The higher the rates go the shorter the ROI. Classic short term ROI is situation where utility pays for 100% of the cost of the ballast and has high rates. With Obama administration Cap and Trade Bill rates will spike up and the ROI timline declines even further. This is an investment in the future. My industry sources indicate a huge potential here.
You are correct JonPro, but the volume has dried up in the past week. in order to proceed upward we will need more volume, and that will require positive news and developments.
TONE breaking up hard through recent resistance on much higher eraly volume than normal.
TONE breaking out hard above last week's resistance point on substantially higher than normal early day volume.
TONE breaking out hard above last week's resistance point on much higher than normal early day volume.
You can link to it on the AXTG website. i believe you can also find comment on it in some Texas media outlets.
No, not personally. But I have a utility client that has, and am familiar with the published sutdy and analysis by Texas A&M at the Dallas-Ft. Worth International Airport (DFW). Also, based on that study DFW has construction bid RFP out for firms to initially install the AXIS ballasts in one entire terminal.
Excellent points VICSTOCK. It is my understanding that several utilities have held verry positive trials and studies which have concluded that this is the wave of the future in terms of managing energy usage and costs. As I said yesterday, I think we are on the verge of positive news and developments, and a potential strong surge in the stock. There is also the apparent shorting of the stock, and these folks will get caught with their pants down.
I do not think interest in AXTG has died off. This Board, however, tends to contain a lot of negative posts and bashing of the stock, i.e. claims of a scam, rather than true discussion like other AXTG forums. I think when the stock moved up above .20 that went away for a while. Could return. I share some of your apparent frustration, but my careful research indicates that AXTG is not a scam. I am a holder (six-figure share position) and remain optmistic that positive developments and news will be forthcoming. For the time being, I have devoted my attention in last week primarily to my other stocks.
Z - I have been watching this one, and am with you in this. But, oh, to have gotten in back in April.
AVNR running really hard today.
AVNR - breaking out and looking strong
AVNR breaking out and running this morning.
PTSC looking to break out
FUQI still running hard.
FUQI is still running hard. Amazing recent chart
FUQI - chaeck out the action in FUQI - Still running hard on new Zacks rec.
FUQI still running hard. this is incredible.
AXTG - chaeck out the bounce this morning. Also, PTSC looks ready to run.
AXTG breaking out to .24 this morning, breaking through chart resistance at .22
AXTG breaking out through chart resistance at .22 - currently .24
AXTG (.24) broke out through resistance at .22 this morning.
I think it may have been an update to industry players in follow-up to lightfare. SG is right in pointing out the fact of $400 in trade today being ridiculaous. But, I am more intrigued by the narrowing of the spread and the .19 bid, which is more significant. P.S. SG - Are you shorting this thing, or trying to drive it down in order to pick up more stock on the cheap? A critical analyis of your posting history could lead one to that conclusion.
Must be the afterglow of the industry buzz coming out of Lightfair.
Agree. History has shown that when this stock runs it runs hard due to thin trade and small size of float, but I still do not see it as a short term trading play. it is a long term investment for true investors. But need more volume. Increased bid and more realistic narrowing of spread this a.m. (.19 bid - .20 ask) is positive.
With you on PTSC. Ready to run at some point.
PTSC breaking up strong today on news.
Opinions are just that, they are opinions. Putting percentage probablilities on opinions is crazy. My guess is that the launch of the first ballast of the type of the new product took all the attention to May, and the report will be out soon. When, who knows. I have confirmed with IR that nothing was scheduled for release today. I do not where TRIXXX came up with that the other day. Just like when SG claimed that Co. only had 5 business days to file after the extension. That would only apply on the OTCBB, not pink sheets. Could it be that attention is still on all the interest since the light fair launch? P.S. Up volume today has been much greater than the measley down volume that brought the stock back on the trade of less than $1,000.
AXTG: Fact that 1 yr. chart shows stock breaking out through Bollinger Bands: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38345831
Fact that AXTG 1 yr. chart shows stock breaking out of Bollinger Bands noted elsewhere in IHUB today:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38345831
AXTG - Breaking hard (+26%) through resistance at .22, and should go higher from here.
Bid at .22 is right on resistance point as noted by ClayTrader2008 last week (Charts are coooool), but volume may be key to any sustained push up from here.
Understand. with AXTG volume moves around. only 19.1 million shares of float, and much of that is apparently held by long term investors.
AXTG breaking out hard through resistance at .22 - next stop shoudl be mid-.30's.
AXTG - WOW!! what a breakout. Is going through resistance at .22. should go to .30's.