Axion Power International Inc (AXPWQ)

[Ecomike]

I am pretty sure Axion already has a nanotube carbon LIKE structure in their current carbon anodes (but a much cheaper, lower cost version that already works?), and I have no doubt their current R&D is all over that, testing the latest carbon nanotube variants in their latest prototypes. Axion power's current advantage is extremely low cost, huge existing lead acid recycling and battery making infrastructure to piggy back onto, easy to scale up production quickly, no limited source issues or huge ingredient cost issues like lithium and high cost, specialty nanotubes, to deal with at present. And they have already increased the previous lead acid state of the art energy density and power density using their carbon anode retrofits, by as much as 1000%. Theirs is lighter (one lead anode replaced with porous carbon), more like a super capacitor in increased C rate, C rates as high as 10C IIRC, 10 times the cycle life of existing lead acid batteries, can fully charge and discharge 10 times faster than other lead acid batteries, IIRC. If they can just start making money someday? If they can't make money, what hope do the others have?

Lastly, they gotten about +6 partnership DOE and local government agency grants this year! More than any other similar company.

But I still can't for life of me figure out why buyers would pay a 3x premium over the recent huge stock issue behind closed doors last week, at .57/shar, especially for a company that is still losing money.