Axion Power International Inc (AXPWQ)

[Ecomike]

All I know is I had shares selling for about $2.25/share when the last dilution news came out in '09 that they sold a huge portion of the company for .57/share. It might have made sense for the company then, but as a stock holder I was not impressed, and neither was the market. I was surprised at how long it took the stock to sell off and reach the 50 cent level afterwards, but it finally did.

If they had sold shares at $2.00/share I would not have been bothered by the share dilution, my gripe was the price they sold it at.

Anyway, it does not matter what I think of the stocks intrinsic future value, it only matters what the bulk of current stock holders and future potential bag holders think it is worth next week. They always sell on news of dilution or potential dilution, unless the dilution is at premium to retail (which is rare), the market knows that, and so others play follow the leader, until strong hands step in and show the market a solid bottom!!!! It is sad, but true. Then if the company does not turn the corner, and needs more cash, it just goes even lower, never returning to prior highs. We have yet to get anywhere near the $2.25 a share I sold at last time.

In other words what you and I think the company is really worth does not matter to the stock market.

Oh, and regarding the hunting license, LOL, while hunting season is open, I am going to take cover and hide from the hunters!!!!! LOL