$PLUG (an $MVTG fuel competitor) lost about 70 million dollars in the last 10-Q, about 10 times what MVTG spent the last 7 years since the MVTG IPO. And Plug rallied from .24 to $13 in the last 12 months. Ballard BLDP has been loosing money since the late 1980s and has about a 600 million dollar market cap, while Plug hit a billion market cap recently.
Plug buys their fuel cells from Ballard. MVTG has a new fuel cell that has just made Ballard fuel cells that are decades old technology, obsolete.
MVTG fuel cell licenses will soon explode the MVTG revenues and profits. MVTG market cap is only about 30 million so far and climbing fast this year. The MVTG ship Mantra Energy has left the doc and set sail!!!
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