Replies to post #5136 on Axion Power International Inc (AXPWQ)

[buckmaster6985]

This from the 10K pretty much sums it up

"On January 5, 2018, Fengfan’s Chief Engineer informed the Company that Fengfan executive management are internally challenged to make their decision to execute the ESA. No investment or co-development funds were received from Fengfan. Communication from Fengfan has become very sporadic. The Company expects a clear indication of Fengfan’s intentions by the end of July 2018. Absent Fengfan’s clear and positive answer – in July 2018 - with respect to building a positive collaborative partnership going forward and their absolute commitment to provide Axion the agreed to funding, the Company will be forced to conclude its remaining operations and wind down its affairs".