Axion Power International Inc (AXPWQ)

[MrLucky]

New 8-K out yesterday. Interesting.

Item 8.01 Other Information

The Company previously reported that it was to receive a $250,000 deposit on or about December 1, 2016 from its prospective Chinese partner. However, the prospective partner has determined to have its Chairman visit Axion’s principal offices on January 9, 2017, and the Company expects receipt of the deposit thereafter. The Company’s reverse stock split proposal, as set forth in the Definitive Proxy Statement on Schedule 14A, filed with the SEC on October 17, 2016, did not receive the approval of the requisite number of shares to constitute shareholder approval under Delaware law. The Company anticipates again seeking shareholder approval imminently.

http://archive.fast-edgar.com//20161216/AWK2PQ2CJ222LZZZ2M2C2ZZEKNSST222Z282/