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Thursday, October 08, 2015 12:47:48 PM
Cash on hand
2009 3,320 dollars on hand yet company still here in 2015
2010 4.325 dollars on hand yet company still here
Dilution since 09 a little more than doble 34 to 71, not bad considering that the starting point for an OTC company is extremely low.
Increase liabilities I sure hope liabilities increase with a developmental stage company other wise it means they are doing nothing.
Cost of research for ERC and MRFC, construction cost of ERC, cost of office expansion to other countries to be grant eligible, and the added cost increase of doing business as you grow.
So to review starting with 3,320 cash on hand in 2009, Mantra has filed for and been granted several patents in several countries for the ERC technology, has developed a working relationship with a multi billion dollar company Lafarge to place one of those ERC, a signed commitment to commission a second ERC at Ayinger Brewery in Germany, has signed a 5 year working contract with the multi billion dollar company Alstom, has recieved several substantial grants from the Canadian Government and has developed, patented and demoed the first of it's kind pollution free, infrastructural ready fuel cell.
All this with only 50% dilution over SIX years and starting with 3,320 dollars.
With that past history, I willing to bet your wrong!
MVTG is about to file Chapter 11 if you look at the 10K
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