Feb 27, 2014
Thumper Maybe he can't pay his ISP bill, so no more articles.�
Mar 3, 2014
marvinat0rz I honestly thought JP had finally given up. No dice
Tesla Motors Inc (TSLA) news: 3 Billion Reasons Why Tesla's Gigafactory Will Be A Bloodbath - Seeking Alpha�
Mar 3, 2014
SebastianR Yea, I give him an A for effort & consistency. Anyways, my investment rule is to always buys if JP says something bad and sell if he says something nice. Seems like I need to go get me some more shares....�
Mar 3, 2014
bonnie Predictable. He's bottomed out on Tesla, but now has been given a new target. The production timeline for the Gigafactory will comfortably give him many years of negative articles, before he's proven wrong once again. He'll be able to sprinkle in a few Gen III articles here and there, but I think he'l ignore Tesla The Automaker success for the time being.�
Mar 3, 2014
dsm363 Almost sad really. To call yourself an expert and have your investment advice be off by a few thousand percent between Axion and Tesla. Maybe why he had to move out of his castle.�
Mar 3, 2014
Dutchie The problem with him is that he does not see the difference between costs and investments (for instance in regards to Superchargers) He also does not seem to see to grasp the dynamics of supply and demand over time He thinks for instance that demand for EV's will stay at current levels and future Tesla's will only use 18650 batteries etc. He has also a notorious habit of claiming things without backing up. He claims for instance that battery factories are extremely inflexible can only be designed to produce a battery with a certain type of chemistry. I am not an expert but het does not back up that claim so we cannot verify it.�
Mar 3, 2014
JRP3 Just his usual song and dance routine.�
Mar 3, 2014
Norbert Yeah, rather uninspired this time (not that I would ever call his articles "inspired", but occasionally they have some originality in their very own way). Maybe he is getting tired of it (the routine). The Gigafactory is such a nice challenge that I was expecting more controversial media treatment in general (or did I just miss some of it?).�
Mar 3, 2014
JRP3 Most articles seemed fairly positive to me.�
Mar 4, 2014
LST The guy is a genius, in the comment section he repeats his old claim, that the SP of Axion and Tesla will cross.. sometime in the future�.LOL and that at 0.096 USD for AXPW and TSLA around USD 256. If it would not be so funny it could be depressing..�
Mar 4, 2014
pz1975 I'm putting all my TSLA earnings into AXPW today. If he's right, I will be a billionaire!!�
Mar 4, 2014
adiggs Careful 'pz - you might end up owning AXPW if you put that much in
�
Mar 5, 2014
mkjayakumar AXPW went up 33% today to 13c�
Mar 5, 2014
JRP3 :scared: Here it comes, the beginning of the run! :biggrin:�
Mar 5, 2014
Norbert Probably was a short squeeze...�
Mar 5, 2014
pz1975 That's all from me! Go AXPW!!�
Mar 5, 2014
MikeL Market Manipulator !!!�
Mar 6, 2014
Robert.Boston And AXPW continues its run today, up 8.6% so far to $0.145. Which means it's ONLY down 55% in the past 365 days. Really, I do feel a bit sorry for JP.�
Mar 6, 2014
Ugliest1 I have too much fun reading TMC, and have no time left over to read anything JP writes. Besides, I don't want him to "earn" his penny from my linking to it. I know there won't be any truth anyway, and the bs claims will just raise my blood pressure.�
Mar 6, 2014
dsm363 I think JP knows exactly what he is doing and is just trying to pump up a failing stock to help himself and his old company.�
Mar 6, 2014
qwk This. The problem is that you can't make steak out of beans.�
Mar 6, 2014
Theshadows Our vegitarian daughter buys steak made from beans all the time�
Mar 6, 2014
roblab And it's quite good.�
Mar 6, 2014
Robert.Boston Ah, this announcement explains the pop in AXPW:
So this might get their hybrid Class 8 truck business on track. I admit it seems odd that a practicing MD is an expert on big rigs, though.�
Mar 6, 2014
JRP3 Petersen is already working for E Power so I'm not sure how this new hire really makes much difference. How many liaisons do they need between the two companies? But hey, anything that gets my handful of AXPW shares to climb out of the gutter is good with me :biggrin:�
Mar 29, 2014
mitch672 Petersen published an article on Seeking Alpha, claiming the Titanium shields going to cost between $20-60 million to retrofit. I think he's way off, he also claims this is going to kill Q1 profits, and the recent %20 decline in TSLA is only the beginning, comparing it to BYD. At $500 per Model S, times 30,000 cars, that would be $15 million, except, it's not all going to be done all at once, and likely will be spread over several quarters, as the cars are updated next time the owner is at a service center. It might actually cost less than $500/car as well, we just don't know yet.
The guy has little actual information, and all speculation as usual. Didn't his momma ever tell him, if you have nothing constructive to say, say nothing? Hey J.P., I'd rather own TSLA than any shares of AXPW, that's a company going nowhere.�
Mar 29, 2014
smorgasbord Yeah, the BYD/TSLA chart overlay graphic is hilariously stupid.
But, if you think about the cost to retrofit about 30K vehicles, as I posted earlier, if the kit is $400 in parts with a reported one hour to install (as reported by someone who had it done), then we're looking at about $575 per vehicle, which is over $17million dollars. So, less than Petersen predicts, but still a hit to the bottom line.
However, the real news here that since the NHTSA says Model S's being built now (or retrofitted) are safer, demand for them will increase, which will help Tesla meet it's 2014 sales expectations, which will help the stock price.
The next driver for the stock will probably be the Q1 report. That's probably 5-6 weeks away now, but all eyes will be focused on how overseas sales have been going.�
Mar 30, 2014
Dutchie The pattern of his articles are so obvious:
if some hick-up in Tesla comes along the JP writes about the doom that that will happen on Tesla, like the NHTSA investigation or the issues with supply of batteries. When Tesla comes with a solution to that "doom" then it is the doom about the costs of that solution. It is all so predictable.�
Apr 1, 2014
EarlyAdopter Nice view of all the parts of the triple shield here:
Tesla adds titanium plate to protect against battery fires | Consumer Reports - Page 2
Can't be more than $50 in parts. Add in $125 for an hour of labor and we're talking about $5M for a retrofit of the entire fleet of 30k cars.
This nonsense from Petersen of $20M - $60M is just flat out wrong.�
Apr 1, 2014
aronth5 Agree. The only word in his article that is relevant is "crush". And what I'm sure he really meant is how well the new titanium plate protection system will "crush" any road debris it comes upon:smile:�
Apr 1, 2014
JRP3 Does Tesla have to take a charge for a labor rate of $125?�
Apr 1, 2014
mitch672 Probably not. Whenever I have had work done, it always itemized by the job, so they can calculate the loaded labor rate fairly accurately.�
Apr 1, 2014
pz1975 I agree. I don't think they will be paying staff overtime or hiring on more staff to make these fixes. They will all get done slowly over the next year spread out over dozens of SC's so the true labour cost will be close to zero since they will just make the retrofit when the car is in for something else. It's not like a faulty ignition switch that can kill you that people would want to get fixed right away. There is no way SC's are swamped with repairs. Everytime I have had my car taken in (3 times all for very minor things), they were able to accommodate me within 2 days.�
Apr 2, 2014
JRP3 Petersen claims it must all be accounted for in the first quarter when the upgrade was announced.
1. Is this true?
2. If so, what labor rate does Tesla have to account for the job, can it be less than their posted hourly rate?�
Apr 2, 2014
ItsNotAboutTheMoney 1. I"d assume so. They have a liability since they have to do it.
2. Depends. If they have salaried employees it could be anything from $0 to $normal to $overtime. Basically if it's done in what would normally be non-chargeable time it's $0 labor cost, if it takes chargeable time it's whatever the worker's normal or overtime rate would be.�
Apr 2, 2014
gg_got_a_tesla Tesla's service technicians are full-time Tesla employees on a salary, aren't they? Why would the hourly rate matter from an accounting point of view if these retrofits are not going to make the techs work overtime?
This is not like GM paying hundreds of dealerships to do recall work.
I don't see any reason to report any more than the cost of parts but, I wouldn't know any better�
Apr 2, 2014
JRP3 I'm no accountant but I wondered if technically the time spent doing the upgrade would be considered time taken away from potentially billable hours at the hourly rate.�
Apr 2, 2014
ItsNotAboutTheMoney Maybe. How would they lose billable hours?�
Apr 2, 2014
JRP3 I may be overthinking it but the billable work would be delayed. I don't know how warranty work is accounted for.�
Apr 2, 2014
adiggs I also don't know the correct accounting treatment for the labor, but I think we can all agree that the conservative accounting treatment would be to carry the liability at the shop labor rate for the time spent doing the work.
My own stance, which seems to be shared by several commenting in this thread, is that seems excessively conservative, and would only be strictly true if the Tesla is billing 100% of service technician time at the shop labor rate. I like conservatively estimated financials, but one can get too conservative and mislead investors on how the business is performing.
A more middle-of-the-road treatment might be to carry the liability at the internal shop labor rate applied to warranty repairs. I doubt that rate is as high as the labor rate for billing, and is probably closer to the internal cost of labor (wholesale vs. retail, if you will). I expect that internal warranty rate is closer to 1/3rd or 1/2 the billing rate. That looks like a more reasonable, though still conservative estimate, for the cost of the labor to make the changes. I hadn't thought about this before, but this might also reflect a cost advantage for Tesla, being able to pay for warranty repairs at a wholesale rate (internal cost of labor), rather than paying an external entity a profit markup on top of their internal cost of labor for them to make warranty repairs.
In practice, Tesla's actual expense for the labor will be the degree to which the service centers work overtime that they wouldn't otherwise have worked, or work regular time when somebody would have gone home early (assuming they do that at all), in order to make the fixes. That looks like a tough number to come up with, but I bet we have people here on the board that address these kinds of problems regularly.�
Apr 2, 2014
JRP3 Just to be clear I'm channeling my inner Petersen trying to imagine the worst case GAAP scenario. In reality I know this will have no substantial negative impact, especially when the positive press is taken into account.�
Apr 2, 2014
EarlyAdopter Probably just going to come out of warranty reserves. From what I've heard from Tesla service folks, they are seeing fewer and fewer cars come in for warranty work despite the fact there are more and more cars on the road. The thinking is initial quality continues to ramp up, so the vast majority of newer cars never come back in for anything. So those reserves continue to pile up.�
Apr 3, 2014
Robert.Boston This is not a mandatory recall, so there is no liability created. I think it will be accounted for on an as-occurred cost.�
Apr 3, 2014
pz1975 At my SC (Vancouver), I have been told that they are "making a list for the shield" which I assumes meaning scheduling in cars for retrofit that fits in their schedule. So not doing them ASAP and not waiting for the next service call but somewhere in between. I think that is smart as it gets it done but probably doesn't add on extra labour hours.�
Apr 4, 2014
hcsharp Uh Oh. That will JP an excuse for another "GAAP Fairy Tale" article.
If I was their accountant I would account for the liability somewhere. Probably warranty reserves if it's not expected to be too big. I talked to a ranger yesterday who said it takes less than an hour and they expect to do most of them when the car is in for something else. He also confirmed that their schedule is not as hectic as it used to be despite a growing number of cars to service. He said all the cars are getting more reliable and the shop is getting more efficient.�
Apr 4, 2014
Norbert If that isn't good news... and implies that also the early cars have become more reliable.
(And contradicts JP's assumptions as it means service costs are going down, not up.)�
Apr 4, 2014
kenliles Hashtag - Maytag�
Apr 5, 2014
Norbert I don't know much about Maytag, so I looked it up on Wikipedia. There it mentions that Maytag used to have problems with reliability and was then bought by another company. Meaning, I don't understand your comment.�
Apr 5, 2014
hcsharp Some Tesla service techs are getting lonely.:smile:�
Apr 5, 2014
Norbert Maybe they can take the loaner cars for a spin...�
Apr 5, 2014
nwdiver I hope so... I was a little distressed on my first couple visits to Service Centers; They were a lot busier than I expected. However, I think it's probably the case that 5% of the cars are 90% of the work.�
Apr 5, 2014
Zythryn My observations back that up. Our Sig was in many times. Typically for little detail stuff such as squeaky seat belts or such. Our VIN 3xxx has been in rarely.�
Apr 5, 2014
kenliles 1993 Maytag Commercial with the Lonely Repairman - YouTube�
Apr 6, 2014
Robert.Boston FWIW, I called to make a service appointment (nothing major), and was told that the Watertown MA SvC was scheduling a month out. This doesn't sound like the lonely Maytag repairman....�
Apr 6, 2014
bonnie Was this before or after they announced the optional battery shield retrofit?�
Apr 6, 2014
kenliles Good point Robert. Double up on Question from Bonnie given that. Thanks for that data point�
Apr 6, 2014
PeterK I'm guessing after. I called on Thursday about getting new rims to mount my summer tires and was told that if I dropped the tires off they could take care of them in between other jobs. But when I asked about getting the battery shield retrofit they said they're scheduling those and other non-urgent fixes about a month out.�
Apr 6, 2014
Chickenlittle The service centers are busy but remember they do more than repairs. They also prepare and deliver the new cars. Routine service done as well. They're being busy does not indicate a problem�
Apr 6, 2014
hcsharp Interesting. I got an entirely different impression when I talked to them last week. Urgent problems were being handled "the next day." I know they've been trying to move to a larger space or open a second shop somewhere. Before they do that it's hard to hire more techs because there's nowhere for them to work.�
Apr 7, 2014
PeterK They're also scheduling out because of limits on the number of loaner cars. They know owners don't want an enterprise rental but people keep buying the loaners. When I had a loaner for my annual service recently they gave me a car that was just off the truck. They were pleased it was a 60, hoping that meant it wouldn't get bought right away.�
Apr 7, 2014
JohnQ Mt Kisco could take my car within 2 days for annual service but I requested a loaner so that meant a week before it was available. My loaner was a 60 as well but with just about everything (no extended leather, haven't looked for 3rd row seats).�
Apr 7, 2014
Theshadows The loaner I got two weeks ago was a 60 and it had less than 1000 miles on it.�
Apr 7, 2014
Robert.Boston After.�
Apr 8, 2014
hershey101 Someone is back on SeekingAlpha to bash TSLA again:
Tesla Motors Inc (TSLA) news: Is Tesla's Gigafactory Becoming A Gigafarce? - Seeking Alpha�
Apr 8, 2014
dsm363 Someone should ask him what he's been right about with Tesla.�
Apr 8, 2014
hockeythug From the comments:
"The only thing I've been spectacularly wrong about is the price performance of Tesla's stock. My facts have always been spot-on accurate."�
Apr 8, 2014
Chickenlittle Can't tell who is posting article until after you click on it always groan when I see his name on it. Wish I could avoid it but he does need some income�
Apr 8, 2014
AudubonB True dat. There is a problem, however, with your non-facts, one of which is they massively outnumber the facts.�
Apr 8, 2014
hershey101 Well I was hoping the thread's title would clue you in on who it was�
Apr 8, 2014
ckessel In other words, spectacularly wrong about the only thing that actually matters for someone looking to invest...�
Apr 8, 2014
gg_got_a_tesla Indeed. Whenever he pens an article like this, it's time to buy a bit more of TSLA.�
Apr 8, 2014
smorgasbord If Petersen lived a hundred years ago, he'd be writing in 1908 that Henry Ford was crazy to be building his own Steel Mill to make a new kind of steel (Vanadium Steel) for his upcoming "Model T". I can see it now..."Yeah, Vanadium steel is stronger, but it's only been used on extremely expensive high-end cars from France - how's HF going to get the expertise to build the first mill in the US that can actually make it? Besides, no-one has yet sold as many cars as Ford says it will sell Model Ts - and they're all black!"
About the only thing JP's been right on is repeating the phrase: "History doesn't repeat itself, but it does rhyme."�
Apr 8, 2014
Cattledog In the comments section of his post he wrote:
Mr. Musk is the most amazing promoter I've ever seen and his propensity for extreme risk is world class. His dreams are immense and his ability to make some of those dreams reality is unquestioned. In the Tesla casino there are 64 numbers on the roulette wheel. You'll get a double if the wheel comes up 00 and you'll get to keep your money if the wheel comes up 0, all the other spaces on the board are losers. Do you feel lucky?
To which I replied:
So you are saying that if you own TSLA your chances of making money on that investment, going forward, is 1 in 64? (62 losers, one break even, one winner - BTW, there are 36 numbers + 0/00 on a real roulette wheel (?)) In what timeframe? A day? A week, a month, a year, a decade? Actually, please pick 64 dates starting from today forward, publish them, and we'll see if TSLA is above yesterday's closing price of 207.52. If you don't pick them, I suggest monthly for the next 64 months. Please do this publicly and stand behind what you say.
And then an hour later added:
Until I hear back from John, I'll be keeping a 'John Petersen Challenge' on my blog starting after market close today. I will use the following 64 dates: today, 4/8; the remaining Mondays in April, 4/14, 4/21, 4/28; and the close of trading on the first Monday of every month from 5/5 though the next 60 months, ending on the close of trading on Monday, April 1, 2019 (ironic). I'll declare victory for John if the price of TSLA is at or below 207.52 on 63 of 64 of those dates.
So the results of the first data point are in!
Close on 4/7: 207.52
Close on 4/8: 215.46
Gain: +7.94
So John will win the challenge if he's correct for the next 63 data points. Is Warren Buffet in the house? I think I have another pool that essentially impossible to win.�
Apr 10, 2014
mkjayakumar The editor in chief of Seeking Alpha blog site has penned a blog titled: How Much Does Seeking Alpha Pay Its Contributors?
I was little shocked learning the amount of money at stake just on page hits to the various contributors to Seeking Alpha. And I wrote this comment:
�
Apr 12, 2014
JRP3 In the comment section it was mentioned that the pay for clicks does not apply to views on mobile devices, so if you want to read Petersen but not send him a penny you can do so with your tablet or phone :biggrin:�
Apr 12, 2014
clmason The author and editor replied to your comment by saying "contributor mute" is coming. That does not exactly address your concern.�
Apr 12, 2014
mkjayakumar Interestingly my comment was selected as 'Editors picks' as one among 8 others.
I am amused and flattered that a comment that was quite critical of their motives was chosen.�
Apr 12, 2014
JRP3 I've communicated a number of times with Eli and he seems to be a reasonable individual, outside of his penchant for excessive moderation, and his protection of Petersen :wink:�
Apr 12, 2014
mkjayakumar I suspect that Petersen is his Ad cash cow. You can't antagonize your star performer.�
Apr 12, 2014
Auzie I often skip reading Seeking Alpha's articles on TSLA, but I do not skip reading JP's articles and comments. So in a way he does attract readers. It does not bother me if I contribute to his paycheck by clicking. My guess is that he derives more satisfaction from having plenty of readers than from publishing and viewing fees.
He displays too much (negative) passion and puts too much effort into writing about TMC for someone who has no stakes. My guess is that he has some hidden stakes, perhaps non monetary. He uses disrespectful language and put-downs masked in sarcasm too often. Such language speaks a lot about JP.
I am very curious if he will ever reach a point of changing his views and especially admitting that he was wrong. I am waiting for that, not that I care too much about his views, just curiosity about the strength of bias and what it might take to break through.�
Apr 17, 2014
tander I used to contribute to SA fairly regularly and when I first started out I noticed that JP had a ridiculously high amount of followers (which translates to page views and higher pay) and I asked him how he got them all. It turned out that he was one of the very first contributors and SA did a really good job of promoting individual contributors at the time, and at one time he was one of the higher paid contributers. Anyway I don't really contribute to SA much anymore mostly because while there still is some high quality content, but it seems like they are going with quantity over quality these days, and it takes a fair amount of time to do a good job. But I've messaged with JP several times and while he is almost always uncannily wrong and biased about Tesla, he's actually fairly smart and has some experience. Far too smart and experienced to be that wrong about Tesla that often. So I've come the the conclusion that he a) put a lot of money into shorting Tesla without disclosing and is desperately trying to pump up his losses b) just has some sort of weird blind spot or conflict of interest when it comes to Tesla or c) or just keeps on writing because people keep clicking on the articles. I believe since I first started reading his Tesla articles he has gone from "living in a castle in Switzerland" to moving back to the states, so read what you want into that. Whatever the conclusion I would take anything you read on SA with a little salt and certainly not use it as an exclusive source of financial info or advice, and take whatever JP writes about Tesla with a lot of salt until you see his articles look a little more unbiased and balanced.�
Apr 17, 2014
JRP3 You forgot to mention what I feel is his greatest motivation, his large investment of time and money into AXPW, a company who's only product can be rendered obsolete by lithium cell chemistry and a successful EV industry. He's often complained about the lack of government funding for AXPW, while attacking Tesla and other companies using lithium chemistry who were able to access funding.�
Apr 17, 2014
tander I recall reading something about that, I guess it would fall into category b. Guess it should be truck load of salt.�
May 8, 2014
JRP3 Petersen getting a jump on Q2 bashing http://seekingalpha.com/article/2202083-teslas-q2-earnings-will-be-a-massive-disappointment�
May 8, 2014
dalalsid Awesome, Paulo was also out with his bashing today�
May 8, 2014
Ugliest1 I refuse to follow the link!!!!�
May 8, 2014
mkjayakumar What about his previous prediction that the cost of Titanium armor will decimate Q1 earnings?
Has anyone found out what was the impact of that in Q1? Did it have any impact at all?
Edit: found out- $2M or $67/ car�
May 8, 2014
capt601 And he is still saying in posts that the $2 M figure is incorrect and he doesn't believe it. Even as the number was posted with 1q results.�
May 8, 2014
RiverBrick Elon missed the mark on one thing. Back in 2010, he said that at some point the naysayers would get tired of being wrong.
No, they're going to take their hate with them to the grave.�
May 8, 2014
bonnie John has a version of Tourette's Syndrome that manifests by saying constant negative things about Tesla. He just can't help himself, bless his heart.�
May 8, 2014
roblab Bonnie, you are always so kind.
I try, but I can't do it. But I still try. Thanks for good examples.�
May 8, 2014
MikeC Actually $2 million would decimate Q1 earnings...if we were talking about AXPW.�
May 8, 2014
Thumper I love that often-used-in-the-south phrase "bless his/her heart" Usage is usually somehthing like "she is such a lying whore, bless her heart."�
May 12, 2014
Citizen-T Yup, that's how it works. You can say anything you want about someone as long as you follow it with "Bless his/her heart". It is kind of like saying, "with all due respect".�
May 12, 2014
RiverBrick Dom Irrera, a comedian from Philly, has a routine where he talks about Italian eraser phrases. Basically, you can call somebody every name in the book, as long as you end with, "but don't get me wrong, I don't mean that in a bad way."�
Jun 25, 2014
JRP3 This one isn't total nonsense, but he does still manage to squeeze in a Tesla reference while pumping Axion: http://seekingalpha.com/article/2283403-grid-scale-energy-storage-why-working-capacity-and-cycle-duration-matter�
Jun 25, 2014
Gerardf
I guess it this might explain this shows why he might be trying so hard to talk down TESLA. AXPW - News and Analysis - Axion Power International, Inc. | Seeking Alpha
All 12 Axion articles are written by him to pump Axion. He is probably scared about competition form Tesla Gigafactory and what will do do to his Axion stocks.�
Jun 25, 2014
Zythryn AXPW can only go down 16�/share.�
Jun 25, 2014
swaltner make that 15 cents...�
Jun 25, 2014
pz1975 But it's up 50% from February - a way better investment than TSLA!!�
Jun 25, 2014
Gerardf
Maybe he should spend less time & energy bashing Tesla, and more on promoting the switch to electric transportation and increasing the size of the energy storage market for all.
Elon does underatand the importance of that very well, Mr. Petersen.. hmm, not so much.�
Jun 28, 2014
mkjayakumar This is the typical trollish behavior from JP to increase more eyeballs and page hits for his article.
Throw in a reference to Tesla with a negative slant and he knows the Tesladors will be attracted like a swarm of flies to a light source.�
Jun 28, 2014
RiverBrick
In real dollars and cents (well, just cents) or is it actually down 33% because they were planning a reverse stock split?�
Nov 6, 2014
mkjayakumar What happened? We haven't heard from the master of FUD in months now?
I am still waiting for the day when AXPW and TSLA are going to cross in valuations, as he predicted.�
Nov 6, 2014
JRP3 He's probably waiting for the market to prove him right...�
Nov 7, 2014
Zzzz... I'm missing his FUD - it was a clever, intelligent FUD. Current generation of shorts produce boring FUD.
Yeah, good old days...�
Nov 12, 2014
chickensevil Anton puts out some decent arguments from time to time... he is about the only one left who does. Not saying anything he does has merit, but at least some of it seems a little bit informed and reasoned out. Especially since he apparently has connections to get to go tour other manufacturer's factories.�
Nov 12, 2014
ItsNotAboutTheMoney Anton "Tesla Killer" Wahlman?�
Nov 12, 2014
chickensevil the one and the same. He has his moments. I actually didn't mind a lot of the discussion being had on his latest article where he talks about his tour of the VW plants. It was an interesting perspective to read about the story from their side of the fence.
There are still fundamental flaws in his arguments, don't get me wrong. But at least it isn't a total waste of space.�
Nov 12, 2014
Robert.Boston Poor JP; Axion Power is down 64% YTD. The sad tale is, ironically, told on Seeking Alpha (not by JP):
http://seekingalpha.com/article/2656885-axion-powers-ipo-crash-an-opportunity-to-buy�
Nov 12, 2014
FreeOfPge Man, talk about karma - ouch!�
Nov 12, 2014
MikeC The last I saw was AXPW at 9 cents. What was this offering and where did the value come from on October 24?�
Nov 12, 2014
FreeOfPge I only glossed over the article, so I can't say with 100% certainty. Would have to assume they did a reverse stock split related to the new NASDAQ listing, warrants and options.�
Nov 12, 2014
ggr Yes, on Sept 8, they did a 1:50 reverse split, so that $2 now represents a 4 cent equivalent stock price when you read back in the thread.�
Nov 12, 2014
Zythryn As mentioned, it was a reverse stock split 1:50 which brought the price to $4.50/share. It then dipped under $1.50 and is surging back up now.
JP's prediction of AXPW passing TSLA will come true if they make another 1:50 reverse stock split, and then another 1:4 reverse stock split.�
Nov 12, 2014
chickensevil yeah, and then there would only be able 34,000 shares left.
It isn't the shareprice that actually matters it is the market cap. Everyone knows this! So at current valuation to pass TSLA they would have to jump in price to around 4,354$ a share!�
Nov 12, 2014
MikeC Wow, what a contrast. JP could be used as a case study in financial blogging arrogance. At least he's smart enough to have stopped writing and embarrassing himself further.�
Nov 13, 2014
mkjayakumar Maybe he was asked to stop by those blogging sites ? Ignored, rejected ?�
Nov 13, 2014
Robert.Boston Doubtful -- these sites don't set a very high bar, and JP's posts were always high quality (if you set aside that he cherry-picked facts) and undoubtedly attracted a lot of clicks. And clicks is ultimately all these blogging sites care about.�
Nov 13, 2014
rolosrevenge After he lost his precious castle, his main argument of being so much smarter was gone, he couldn't keep it up.�
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