Axion Power International Inc (AXPWQ)

[Ecomike]

I would not be at all surprised if they were using carbon nanotubes of some sort already. This may be one hell of great stock to pick up at about .25 in the next 3 months as the exodus peaks, then hold it for 3-4 years. The only thing I can figure is this was a back door takeover big time, at the expense of the retail investors. Hell, who needs retail investors when you have institutional investors that want to take over the game. I need to see what percentage of the company they took in this deal, but I guessing it was over 50% looking at the size of the issue.

OK, I just checked, and the new stock issue was close to a 200% increase in shares, so the new stock holders, at .57/share, own close to 2/3rds of the company now. I just looked back at earlier posts I had made here about the recent quarterly showing a huge +90% percent drop in stockholders equity, and the huge new derivative liability, and the near zero stock holders equity left at the end of the last quarter, so I guess I should not be surprised at the wholesale take over in this news today at such a low price. What I can't understand is why the price is still way up in lala land today, after the news.Must be the holidays.

Well, Merry Christmas Retail Investors, You have just been stabbed in the back while your pocket was picked here.

I am going to think twice about investing in this one again.