Axios Mobile Assets Corp. AXBSF

First Observations

[dragonno1]

[dragonno1]

To Set the Record Strait The iGPS pallet is made of HDPE, not PU. iGPS contracted Schoeller Arca Systems (SAS) to make 30 million pallets in 2008. iGPS launched in 2008 with +/- $630 Million and by 2010 was on track to generate $225 million in sales with its initial pool of 10 million pallets. iGPS did, not tried, go nationwide with its initial pool. iGPS used traditional logistics networks

[MishaPBJ]

It's great to have knowledgeable people posting, thank you. I'll check out the iGPS bankruptcy filing, the corp site is low on details, as you would expect. The iGPS pallet end of life recycling is an interesting point, it also increases risk of theft, as iGPS experienced - AXA claims it can grind up its pallets and reuse them and they may last longer than 10 years - that's a long

[dragonno1]

I think you have answered your own question. My guess is 95% of all plastic pallets are thermoplastic... and mostly polypropylene and polyethylene. Axios is bucking this trend. I regard this as a fault. In a 2012 article in Plastic News Axios stated its pallets have no end of life value and are not subject to theft for this reason. The reason why every body else uses PP and PE is because these

[VPofFNE]

Ha!! Shareholder revolt!! I love it!

[valueseeker123]

if their pallet has little value to others like recycling theives, isn't that a positive? one of the biggest challenges to previous competitors of CHEP has been massive losses due to theft on a side note, I sat face to face with the CEO for an hour and was very impressed. He is not overly confident, but has thoughtful answers to all the questions I asked. His life savings is invested in this

[VPofFNE]

Whew!! I'm winded from reading this! Ha! Looks like you lived through these days as much as I did. I loved those visits to Orlando - Bobby, Rex, Ben, Thad, and the constant turnover of Ops people. I'm not sure I agree that iGPS was capable of beating CHEP, but they had a pretty decent run. VeeP