Replies to post #59 on Axion Power International Inc (AXPWQ)

[Ecomike]

Going from memory (which maybe faulty), I thought I saw enough new shares to dilute all prior shares by a 2:1 margin, like a 200% increase in the float. That ain't a 10 to 20% Black rock deal.

[Ecomike]

Blackrock just reported 8.45%, 7,150,000 shares owned.

http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=AXPW&storyid=201004091115TENKWIZ_SECEDGAR_6883297&provider=TENKWIZ_&product=SECEDGAR

I am amazed that we have held $1.15 here for so long. As of today, I have not gone long again, yet, but this one is still on my bottom watch list to re-buy.

[Ecomike]

I never did figure out the final details on the black rock stake, but I started nibbling and buying shares back this week, at .71 a few days ago and .68 today.

.68 seems to be a hard floor, strong hands holding it aat or above it. It is also an ALL TIME low, and earnings came out yesterday or monday(?), and the losses did not seem to be too bad (I have seen much worse), leaving lots of cash on hand, and the 38 million dollar DOE grant (shared with Exide) has not even been tapped yet, so I am back in long now.