Axion Power International Inc (AXPWQ)

[Ecomike]

One of the things I have noticed since 1980 when I had my first venture into investing in new battery technology, is the huge, massive amount of retail product R&D efforts that eat huge amounts of time and dollars, before one even starts to worry about raising and investing cash in building a factory and marketing. Add in the recent short time scale advances in potential new energy storage tech and huge investments in new R&D in energy storage, and you have a real dangerous investment climate with huge pitfalls and huge opportunities. I suspect from what I have heard that the nanotube products are still way too expensive for any large $ markets due to cost of the nanotubes, and a long way from retail product testing. The one Huge advantage I see with this outfit is low production costs, combined with better energy and power density over conventional batteries. I wish they were more transparent on near term future earnings potential.

As far as this stock is concerned, I do not think it has bottomed yet. Has anyone seen and read a recent quarterly on this company since our last discusions?