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I have been out of the country the past week, and still catching up. Disappointing that the spike in volume and PPS did not carry over from last Friday's buying. I still believe good news is likely around the corner, but who knows when. Hopefully sooned rather than later, but patience is apparently a requirement here.
Increase in volume, all at the ask, is very positive, but nonetheless a bit of a concern that this volume banging away at the ask cannot nudge the price up at all.
Hard to tell. The last time AVNR had a big spike in volume at the close was the day before it went into the Russell 3000 Index. I am not aware of any reason this time, but it could be short covering. I just always wonder why volume spikes like that in the last few minutes, as you would think shorts might cover earlier on a day like today.
Check out the volume right before the close today.
AVNR up on news:
Posted by: stocksablaze Date: Tuesday, July 14, 2009 10:43:54 AM
In reply to: stocksablaze who wrote msg# 1160 Post # of 1162
"Teva Pharmaceutical Industries stock gained 0.8% on reports that it's considering the acquisition of rights to Zenvia, a chronic pain medication being developed by a company called Avanir Pharmaceuticals. Alternately, Teva might buy the whole company, lock, stock and barrel."
http://www.haaretz.com/hasen/spages/1100047.html
AVNR up on news:
Posted by: stocksablaze Date: Tuesday, July 14, 2009 10:43:54 AM
In reply to: stocksablaze who wrote msg# 1160 Post # of 1162
"Teva Pharmaceutical Industries stock gained 0.8% on reports that it's considering the acquisition of rights to Zenvia, a chronic pain medication being developed by a company called Avanir Pharmaceuticals. Alternately, Teva might buy the whole company, lock, stock and barrel."
http://www.haaretz.com/hasen/spages/1100047.html
AVNR up on news
Posted by: stocksablaze Date: Tuesday, July 14, 2009 10:43:54 AM
In reply to: stocksablaze who wrote msg# 1160 Post # of 1162
"Teva Pharmaceutical Industries stock gained 0.8% on reports that it's considering the acquisition of rights to Zenvia, a chronic pain medication being developed by a company called Avanir Pharmaceuticals. Alternately, Teva might buy the whole company, lock, stock and barrel."
http://www.haaretz.com/hasen/spages/1100047.html
AVNR up on news
Posted by: stocksablaze Date: Tuesday, July 14, 2009 10:43:54 AM
In reply to: stocksablaze who wrote msg# 1160 Post # of 1162
"Teva Pharmaceutical Industries stock gained 0.8% on reports that it's considering the acquisition of rights to Zenvia, a chronic pain medication being developed by a company called Avanir Pharmaceuticals. Alternately, Teva might buy the whole company, lock, stock and barrel."
http://www.haaretz.com/hasen/spages/1100047.html
Interesting, but of great concern with AVNR trading at this level. I could be wrong, but we may not want that to happen just yet, with the stock at only $2. Better for someone to look at this type of deal down the road, but we can't control that. I am confident that the Avanir Board will have enough of a sense of the long term value of Zenvia to not let it go for a song. Who knows? - Maybe Teva is thinking it is a bargain even up in double digits. Just some thoughts.
Note: With AVNR now in the Russell 2000 and 3000 indexes, it will likely trade more in line with the overall market. That can be good and bad. But, in the end, Zenvia will become the driving force and take it to new highs.
AVNR seems to have calmed down and settled into a more muted trade. Obviously, due to the news on add to Russell 2000/3000 Index fading. But latest news on the fulfillment of the latest trial, etc. also good news. Believe nothing but positive going forward, and PPS should follow along in time.
I have reviewed the latest inductry update, and do not view it as just a "teaser." I think many of the communications we receive from IR are intended to be industry updates to interested parties who have signed up to receive them. They are not always PR's. Although I am anxious to see something more concrete, I do not see anything negative in sending out information on developmennts within the industry that could have a potential impact on AXTG, to people who have signed up to receive these updates. P.S. Looking for bigger news soon.
TRIXXX: this was not the information I was referring to in my post of yesterday. I agree that this is just background information.
Absolutely, it is a good sign. But the frustrating part is the delay after the first successful trial when the drug was formerly known as Neurodex, and the request for new "safety" data, wihich generated the more recent trials, etc. Zenvia will get to market, likely sometime in 2010, and will be a blockbuster drug for AVNR, which should lead to huge profits.
I know quite a bit about this drug, and its potential, which is incredible. The biggest problem they have is that some in the studies want to stay on it, and can't until it is approved.
Nice update from IR Sunday evening:
To Axis Technologies' shareholders and interested investors:
Axis Technologies' (AXTG, $0.18) management has confirmed that the press release below referencing an energy efficiency project awarded to Atlantic Energy Solutions, Inc. includes the installation of Axis' daylight harvesting ballasts. The company is in the process of obtaining approval for an AXTG press release in the near future (with ballast totals included as a preference).
In response to questions from shareholders:
The recent press releases announcing energy audit firms and electrical service companies (ESCO's)** use of Axis Technologies' ballasts in contract proposals are the result of follow up business contact after the Lightfair in May. There will be announcements on an ongoing basis going forward with ballast totals included when approved.
Increasing interest and demand in LEED certification of buildings in a highly competitive leasing market is anticipated to be another source of increasing revenues for energy efficiency firms like Axis Technologies.
Investor Relations for Axis Technologies
www.axistechnologyinc.com
404-261-1196
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** An energy service company (acronym: ESCO or ESCo) is a professional business providing a broad range of comprehensive energy solutions including designs and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply, and risk management. The ESCO performs an in-depth analysis of the property, designs an energy efficient solution, installs the required elements, and maintains the system to ensure energy savings during the payback period.
The savings in energy costs is often used to pay back the capital investment of the project over a five- to twenty-year period, or reinvested into the building to allow for capital upgrades that may otherwise be unfeasible. If the project does not provide returns on the investment, the ESCO is often responsible to pay the difference.
Reference Link: http://en.wikipedia.org/wiki/Energy-Service_Company
--------------------------------------------------------------------------------
Atlantic Energy Solutions Awarded Second Long Island School District Project
Atlantic Energy Solutions, Inc. (OTC:AESO) is pleased to announce that they have been awarded with their second multi-million dollar energy efficiency project from a Long Island, NY School District. This exciting project entails a new 400kw solar photovoltaic system, a 500kw cogeneration system, IT Network Management, weatherization, major HVAC renovations, and boiler and lighting replacement.
Atlantic indicates that in similar fashion to the previously announced Long Island school district award, this site was also looking to be energy efficient and environmentally cautious in its journey leading them to Atlantic Energy Solutions. These new changes, along with over $500,000 in LIPA solar incentives, the school district and their taxpayers will realize energy savings of over $700,000 annually.
Timothy Brock, CEO, of Atlantic Energy states, "We are pleased to be working with this school district and in being able to support their objectives for green technology innovation and energy savings. I'm especially proud of the effort of the Atlantic Energy team and their relationship with school district administrators, as we were awarded this contract over several well known industry stalwarts such as Johnson Controls ("JCI"), Honeywell ("HON") and ConEdison Solutions."
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements, and finances energy efficiency projects designed to improve the overall efficiency of energy, water usage and renewable resources, reducing our dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with satellite offices in Orlando Fl and Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to bolster savings at the consumer level.
Reference Link: http://finance.yahoo.com/news/Atlantic-Energy-Solutions-iw-3941535249.html?x=0&.v=1
I guess so. Sounds like problems with the market makers on several fronts today. I guess as you say it is a product of being on Pink sheets.
Incredible. This is so wrong, and why we have to get on the OTCBB if at all possible. So, you have a buy order in at .18 for 22,000 shares which isn't even reflected, and another buyer cannot get a fill on a buy order at the posted ask of .20. What is going on here?
Correction: what I can't understand is whay orders to buy stock at the posted ASK od .20 are not being filled today.
I have tried to buy between the spread before, and the market makers will only list you as the highest bid if you put your limit order in for more than the posted 5,000 shares bid at their bid price. If it is for more than 5,000 they will show your new higher limit order as the bid. What I cannot understand is why pending orders at the posted bid of .20 are not being filled today. Go figure.
Your guy must be back in line. I heard a while ago from someone regarding a pending limit order at .20 through TD Ameritrade which was only partially filled earlier this morning around 9:15, with the remaining portion of the order still pending and unfilled at .20 within the past 30 minutes. Very interesting. Could it be that the sellers have really gone away, and that the market makers do not have enough inventory to fill orders at the ask? Who knows?
Welcome to the Board! Great report on your interest and contacts. the road has at times been slow for Axis, but I think we are on the verge of positive progress.
Good point. What is the status of the entire patent review process. There used to be reports, but lately there is just the indication that it cannot be discussed. The lititgation seemed to have some good develpoments, but the review by USPO is the key. I never am able to get a handle on that.
Ah, that volume issue. SG is right on the negligible volume. Positive things are happening, but we need more volume to really move the stock.
I do too, But, everything seems to indicate that full FDA approval on Zenvia will not come until Q3 or Q4 2010. That seems to far out to me.
The market makers also can raise the bid based on the trading action and orders, and at times the market maker is the only bid.
Interesting as to the unfilled stock orders betwen the spread. That was my point yesterday. The sellers seem to have evaporated into thin air. Nice to see the 19,000 shares go through on the buy side at .18 on the open today, which raised the bid to .17. Narrower spread going forward would be positive.
Narrowing of spread late in day, with bid jumping up to .16 for a time (.16 - .18), prior to bid dropping back (.13) in final couple of minutes, was interesting. Apparently, no sellers at .16 this afternoon. Wonder where they went?
Your friend must be smarter than I am, or trade on a platform which goes through a different market maker. I tried to buy more shares yesterday morning first at .15, and then at .16, and was not able to get any.
It is my understanding that one of the key reasons to get off the Pink Sheets and on to the OTCBB is that naked shorting is not legal on the OTCBB. I do not think it should be legal anywhere.
From your and TRIXXX's lips to God's ears! we could stand to have sOmething blow the top off this firecracker this week heading into the 4th. As for today's trade, it has almost all gone through at .18, but we need more volume before we can see an appreciable upward move. That will take new investors or postive developments.
NNI breaking out and runnin' like a bitin' sow.
NNI - Talk about upward momentum. It is a monster right now.
I think he may be referring to the actual received purchase orders for the redesigned T8 ballasts, which can only be filled after the UL certification on this new product, which was predicted to come this month. As noted in the 10Q, these orders waiting to be filled total "nearly three quarter million dollars," or he could be referring to the EIG firm commitments for orders, which have previously been reported. I assume the EIG orders may be included in the referenced 3/4 M of pending orders. There is also mention in the 10Q of an apparent specific order in the amount of $247,000, in connection with the $150,000 of funding in late May, which must be repaid upon fulfillment of the order. This is likely also included in the aforementioned figure, but who knows. It appears that the UL certificatioin is the linchpin here, and it is not yet clear just what the UL action on 6/23 with regard to Axis actually was.
Good point. I had seen that was to happen.
Cap And Trade: I hate to say it, since I think the Cap and Trade bill passed by the House late last week is bad for the Country, but it is definitely a shot in the arm to the green building crowd, and could place even more emphasis on energy savings. Although, much tougher road in the Senate for obama on Cap and Trade legislation.
Check out the chart in the last 5 minutes of Friday? Over 10 Million shares traded right near the close. What could be going on here?
Madam Moderator has made a very bold, but risky (from a credibility standpoint) prediction as to the trading range of the stock in the coming week. I submit that the stock has a far better chance of trading over .20 this week, than under .10, as she predicts. I acknowledge this is not nearly as a prediction as hers, with the stock closing at .18 yesterday. MM must not be a shareholder, or she wouldn't be hoping for it to go down, and for her friend to lose all his $$$.
Key point: most of the volume was in the last 2 minutes.
AVNR rocket continues to soar, but will traders take profits at day's end? Looks like not. there must be somehting going on.