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That is one great reason this an even better buy now. Thanks for reminding us!
LMAO!
It will depend on how big MVTG investors pocket book and vision is, and how they want to structure things. Smartest cookie in the industry I know was Ransburg, he invented electrostatic painting equipment, but refused to sell the systems, instead he charged a per gallon fee for rental. (See Ransburg Electrostatic Disk and Bell, Google or Wiki). They had higher transfer efficiencies, and were automatic, cut paint costs by 80%. So Ransburg built, installed and serviced the systems at Ransburg's expense, but charged something like 8 cents/gallon of paint the system sprayed. Mr. Ford himself wanted to buy and own his, and he told Ransburg to go to H*ll, and built his own electrostatic disk from patent office info. 10 years later the patent court decided in Ransburg's favor, and Ford motor had to shell out 40 million dollars in royalty fees for a disk Ford Built back in the 1950s!!!!! LOL!!! Text book patent case from the old days. $40,000,000 then was like 400,000,000 or $4 billion now, LOL!
OTOH, no trades also means no sellers, and people holding shares with higher hopes now, waiting patiently for news, now that it is obvious that Mastic blast was finally produced and introduced to the market!!!!
Their mafia style operation was nailed for price fixing rates about 12 months ago (US Justice dept), and they got the hell fined out of them, nearly went BK on the fine cost, so no one trusts them now.
Well if they were going to screw us over, they would have sold the shares out the back door, or sold convertible debt, and told us after the fact. That notice says they have not sold any shares yet, and if they sell at .20 share, that is only 5 million new shares, which is only 10% of the 56,502,445 OS share count, so not a big deal dilution wise. If they use the cash to fund working capital for manufacturing the hydrogen generators then this is just the first tidbit of major ongoing news!!!!
I find it interesting that the Form D says that non accredited investors (like me) can buy as a little as $10,000 lots of the new shares, and no one is taking a commission cut out of the revenues, and no directors or officers will get a dime of it as back pay, or current pay in any way shape or form!!!
I have been and will be very busy for a while, so thanks for the heads up question, as I would have missed the Form D since there was no PR for it. They have done a great job keeping the company alive for about 10 years with out massive dilution or R/S splits, so this may mean they are about to finally move into actual production, and then revenue????
Let's hope the market agrees with me, LOL!!!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8490352
http://ih.advfn.com/p.php?pid=nmona&article=51661112&symbol=TTEG
Also the PR seems to indicate they are about to start building and selling the hydrogen generators! I need to call the CEO (or maybe one of you can, as I am working 14/7 right now, swamped with Chemical-environmental work) to see how this methanol to hydrogen generator compares to say a Dutch-Shell Oil Methane to syngas (hydrogen....) Fisher Tropsch process like the one in Qatar.
http://en.wikipedia.org/wiki/Fischer%E2%80%93Tropsch_process
The markets may be entirely different, so the question may not be relevant, but down the road it may mean a bigger market for us if it can compete with steam reforming that produces most of worlds the H2 from CH4 (methane), in a steam reforming process. I was told recently that the world market for H2 to make fertilizer is 6 billion dollars a year!
I hope your stop limit got you out at .98 and not .90?
OUCH!!!
I don't the rally here is any where near done yet.
Well if they were going to screw us over, they would have sold the shares out the back door, or sold convertible debt, and told us after the fact. That notice says they have not sold any shares yet, and if they sell at .20 share, that is only 5 million new shares, which is only 10% of the 56,502,445 OS share count, so not a big deal dilution wise. If they use the cash to fund working capital for manufacturing the hydrogen generators then this is just the first tidbit of major ongoing news!!!!
I find it interesting that the Form D says that non accredited investors (like me) can buy as a little as $10,000 lots of the new shares, and no one is taking a commission cut out of the revenues, and no directors or officers will get a dime of it as back pay, or current pay in any way shape or form!!!
I have been and will be very busy for a while, so thanks for the heads up question, as I would have missed the Form D since there was no PR for it. They have done a great job keeping the company alive for about 10 years with out massive dilution or R/S splits, so this may mean they are about to finally move into actual production, and then revenue????
Let's hope the market agrees with me, LOL!!!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8490352
Last big long term rally, AA did its dance and rally near the end of the Bull run, so the market rally and AA may have a good bit of room to run here for sure. Looks like the smart buy now!
I don't think the TRRC has the money to plug the wells either, and will not plug any wells unless public opinion over contamination from such a well becomes public, and public news forces the state to spend money. In the last oil crash in the 1980s, over 20,000 wells all over Texas sat unplugged violating the law for a decade, as the state of Texas, all the Texas banks and landowners were BK!!!!!
The TRRC would seem to prefer that the wells be tested, and that ones that are safe to produce be put into production, because the state earns tax revenue off of production, so the question is like WCD said, how many wells are still usable for waste water disposal, and for oil pumping, and how many must be plugged.
I answered the selling stock question on the prior post to Crowin.
Wilmont was afraid to give up control to a real oil and Gas company and hired the wrong people, then he JV'd with the wrong people, and yes, he has finally run out of options, and money it seems, except to sell the oil fields. He and his family... (I am told) seem to hold controlling share interest, and want or need to cash out now as this oil field was his retirement plan, and it seems his only viable option now is to sell, and the word on the street is that he is actively entertaining offers to sell. He could cash out with a sale with 100 times as much cash as he could make with further dilution, if you do the math.
Crowin, FWIW it appears that Wilmont did not get the proceeds of the share dumps the last 1.5-2 years, but instead the outfit he borrowed money from had been given the right to collect the debt by converting the debt to shares later if Wilmont failed to get the oil pumping and pay off the debt (the loan was old, not new), one of the huge and many dumb things Wilmont did, and that firm finally started converting the old debt to shares and dumping them. Not that it makes any real difference, but in this case the problem here has been bad decisions by the CEO, not a pure, typical pump and dump.
Very informative, thanks!!! I suspect that selling the land, ends property tax costs, and keeping the mineral rights is property tax exempt (?), until oil or gas is produced and sold, kinda cool!
DeeDog, PM me your email address if your have PM?
Need for MVTG technology news:
http://enews.earthlink.net/article/us?guid=20120316/1dd596a4-9ec9-4340-8f3d-a7d78e0af12d
WASHINGTON (AP) — America's weather is stuck on extreme.
Nearly 11 feet of snow has fallen on Anchorage, Alaska, this winter. That's almost a record, and it's forcing the city to haul away at least 250,000 tons of snow. Yet not much snow has dropped on the Lower 48 this year.
The first three months of 2012 have seen twice the normal number of tornadoes. And 36 states set daily high temperature records Thursday. So far this month, the U.S. has set 1,757 daily high temperature records. That's similar to the number during last summer's heat wave, said Jake Crouch, a climate scientist for the National Oceanic and Atmospheric Administration.
Six rare, but not unprecedented, March tornadoes struck Thursday in Michigan, which also set 26 heat records. Temperatures were in the 80s in some parts of the state.
Nationwide, there have been 132 tornadoes confirmed in January and February, with preliminary reports of more than 150 already in March.
Two different weather phenomena — La Nina and its northern cousin the Arctic Oscillation — shift storm and temperature patterns through the world, meteorologists say. Scientists say you cannot link a single weather event to global warming.
However, climate scientist Andrew Weaver of the University of Victoria says: "When you start to see the extreme events become more common, that's when you can say that it is a consequence of global warming."
___
Rachel D'Oro contributed to this report from Anchorage.
___
Online:
NOAA list of daily high temperature records set or broken Thursday: http://1.usa.gov/A1823b
NOAA tornado statistics so far: http://1.usa.gov/wOrOsb
Some one is buying it up, so they must think it is worth it. I bought some at 1.4 cents the last few weeks.
I was just thinking of MVTG and the other similar stock.... from 2-3 years ago that we all once compared to MVTG, and how Greener and someone else here helped convince me early on that MVTG was not a scam, that it had real substance and technology, and that it was worth a closer examination. While that other company has continued to dilute endlessly, and keeps up the endless string of new PRs, and keeps radically changing their game plan, and the PR's say "Oh but look at the cute new kitty we just found", LOL, while they quietly bury the old one and massively dilute shareholders, Larry and MVTG have held on and stayed focused.
I just want to thank them for having done their DD and having the patience to do the "I am from Missouri show me" thing! At the time I was a real skeptic here, and now I am the head cheerleader, LOL!
So here is my public thanks to you guys for "showing me" the early signs of what was hidden under the rug here in the early days!
By the way, if you see someone walking down your street dressed in tar and feathers, it is the guy that sold all those shares a week ago at half of today's closing price (about .035?) !!! I kept my promise, LOL!
Expanding on your answer, one good thing is that Larry has set up non public subsidiary companies like Mantra Energy, that can be funded directly like they just did with Mantra Energy, with out diluting MVTG parent stock, and we keep controlling interest in both. If China took off he could do the same with the China subsidiary, and others if needed, say India, or Europe....Also at some point he could spin off one subsidiary to stockholders as a dividend and let it trade separately, like a Mantra China! Lots of huge potential here, and the 3.2 million in funding that he finally got, it is proof that this one, unlike so many other pennies has real meat and muscle under the hood, otherwise they would not have been able to raise all that cash!
All depends on what decisions and compromises are made over the next 4-5 years. Right now it has the potential to become a 500 million dollar market cap operation (over $10/share), but it will need funding along the way, and the funding needs will depend on who builds the plants (MVTG or a contractor), and who owns the plants (MVTG or the customer). But the small pilot plant for Lafarge will cost $500,000.00 (last estimate we have) and is not a full sized plant, just a pilot plant. I suspect a single full sized plant for say a major Lafarge operation or an SO coal fired power plant could be as much as $100,000,000 or more, maybe even $500,000,000, so figure a whole bunch of those in one year, then yes $20/share is very possible.
Here is some MVTG related CO2 GHG gas, weird weather, global warming news:
http://enews.earthlink.net/channel/news/print?guid=20120316/1dd596a4-9ec9-4340-8f3d-a7d78e0af12d
Since they do not need to do the Nasdaq style 10 day close above $1, but need to create a $1 average over 30 days, this may be head fake for MM's to stock up on shares, shake out the weak hands now, before a third wave higher to say a $1.50 and make the weak hands chase it higher? The question is, what are strong hands planning, and that is anybodies guess. IF they created this rally so they dump their shares we are screwed, :(
Word is Wilmont HAS to sell, and can NO longer AFFORD NOT to sell, unless a major real oil company signs a deal to operate the entire field first, which would mean buying most of the company, and not just the asset, or somehow taking full control. Either way it looks like a final deal where Wilmont gives up control or sells is just around the corner, by summer I think.
They have one asset, a public company and stock!!! That is worth something.
I was wondering if he might be doing multiple small purchases, not one lump amount all at once. Something is up, so I will be adding to mine now, buying under $1. I am still in at $4/share cost, and have been holding and adding, but I have my buy signal to average down now!!!
I wish you all the best of luck with your efforts.
I am doing this post from memory, but as I recall the well itself is on a Westrock lease, that AEXP had bought an option for in 2009, about 5000 acres which included the well. The option expired and Westrock and MNLU signed a stock swap for option tentative deal, that has not been completed, that leaves Westrock the control, AEXP screwed over, the MNLU AEXP merger screwed over, and Westrock dangling the well leases as bait for potential new MNLU JV partners, until MNLU raises partner cash, but it leaves Westrock the control to make other deals and bolt any time they wish too and leave MNLU holding the bag. MNLU as I understand also leased about 5000 acres from Westrock in 2009, which I think it is about expire? (sometime this year?), but the well is not on that MNLU-Westrock leased land from 2009. Then the rest of the MNLU leases (about 7000 acres?) must be between MNLU and other parties, like our friend here that is sharing his info...
I think I understand the difference, but some here might not, if you wish to explain the difference? Thanks for the details!
See his post in Dec 2011, he said there was renewed interest in his leases, minerals &?....?leases ......, but no specifics as to what the interest was, or if it related to NG, or what, not sure exactly what the details were...since I know nothing about those land issues or how those contracts are typically done, one of weak areas...
So do you have a clear picture of what Westrock actual owns, controls and for how long? Is your lease deal with MNLU or Westrock?
WCD, Thanks for the update. I knew something must be wrong, or he was swamped with work and out of the country again......Tell him I said to get WELL (LOL) soon, LOL. On second thought, maybe not, I doubt he is any condition to laugh. Just tell him Dr. Mike said to stop eating kidney stones, they are too hard to digest, even with his strong stomach, LOL!!!! I think Wilmonts PRs ( EGOH ) are easier to digest than those stones!!! One of my closest friends had that 10 weeks ago, it was no joy ride!
Also I heard from Larry today. Mantra is about to slowly go ballistic on steady news now that they are finally funded. He made a great timely buy there! It will go a lot higher, and soon.
I don't consider it a loss. It is an investment in cancer drug research aimed at proving out the usefulness and safety of a pipeline of new cancer drugs, that have already shown incredible promise where all currently approved cancer drugs have failed in the patients trying the CYTR drugs, the CYTR drug succeeded in saving lives, and curing one terminal patient already that was concerned a walking dead man.
I agree!!!! And, It may be time to check the local roach motels in the Cayeman Islands, LOL!
PM me your email, so I can reply. I do not have PM, free account...
Who is we???? Please explain all in more detail? Are you saying that Westrock does not even have air tight control (ownership) of the land or leases long term either? That people named Berkly and Philips own the land and or control the leases starting in July?
Sounds like "I don't know is on third" again?
LOL
Edit: I just read your older posts.... Philips, LOL), I had forgotten who you are. Nice to have one of the land owners here with us!!!
Sounds to me like there is a core of people here to start a class action suit....I suggest you all go for it. I don't have enough skin in the game to be a lead plaintiff, I am just the local ankle biter here, all noise!!!! LOL!!!!
I agree! Nice rally here today!!!
.07/share now!!!! If you want cheap shares buy them at .07 before I take the rest!!!! LOL!!!
Bid support is up 20% and strong!!!! We might see some action here today!!!
Interesting idea. I know one AEXP shareholder that would love make roastpig (LOL) out of Pierce, MNLU and his bunch. It also might make more sense that trying to turn the SEC loose on them, as the SEC will just try to line their own pockets with fines, and investors would never see a dime. AEXP signed a contract not sue when the merger was ended, but AEXP shareholders are not bound by that contract, and they got screwed the most so far, and have no real stake (IMHO) left in even hoping MNLU gets back on track.
I will check them out later when I have time. For now the market is not buying it. We are 3 months into a major market rally and CABN is down another 50% from $2 to $1, heading in the opposite direction, and down 80% from $6 to $1 in the last 12 months or so, needless to say I am not impressed.
SE has felt that way off and on, hot and cold. It is cheap right now because the CEO Wilmont has failed to get the oil pumping, failed to execute, picked the wrong partner-contractors....., so we are now at the end of the road, where it is cheap enough, that if he does finally sell, we could see nice a gain from here.
To answer your question, I was thinking of having my attorney contact them, with a law suit, LOL. But then I realized there is nothing to collect from a BK shell, no blood from a turnip IIRC?
With news of 3.2 million in new cash, the rest will be on autopilot. It is no longer a question of will it happen!!!!!
The huge cash raise is all the confirmation I needed!!! I was very temped to double my share count this week, and sell the ranch!!!!
I was going to hit the ask again at the close, but got way too busy. Looked up and the market was closed. I am in the middle of prepping for a full blown EPA facility inspection, the anal kind, LOL! Working 24/7, so no time during trading hours right now to get online..... To busy working and billing $$$$$ hours!!!
But note that I raised the bid to .055 and no one sold!!!!! I don't have penny stock level II, but I suspect the bid support is quietely building, and the sellers have pulled sell orders?
Not sure where SE is, I know he is either busy as hell or on vacation (spring break?). It seems that the CEO is finally about to give up and sell, in which case the target price seems to .05 to .10 minimum, if Wilmont sells and finds a buyer. So it could happen any day. Wilmont has tried to maintain control and do things his way, and repeatedly failed, He is getting too old, and the word from several unofficial sources is he has finally hired a group to find a buyer, and is actively seeking a buyer (so industry people seem to know about it). There is no use full official DD that is worth squat, or available on it, so risk is high, but risk reward ratio at this .003 level is very attractive. I am locked and loaded and have bids around .0025 to add it if ever gets that low again, but it seems to want to stay at or above .003 lately.