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Mantra Energy Inc. is actually listed in the article on the third page in the left column as a partner as well.
Can't believe this is back and we are going here again. Next we will get the question about how Larry is going to fit all the new hires in the PO Box they have as an office.
5MV GR is the ticker for the German listing I think.
Think the PLUG nose dive was facilitated by the announcement they just closed a single investor offering for nearly 4 million shares at $5.74 before costs associated with the deal. Not coincidence that's where the price came down to. Investors aren't going to be willing to pay 2x-3x that price now that they know.
I agree with you on the MVTG @ .42 vs. PLUG @ .42. Would much rather have MVTG. Market for MVTG's technology is massive compared to PLUG who is going after a much smaller more specific market. That completely discounts the ERC tech as well which is what brought me here years ago.
Seems the PLUG announcement today is being felt across fuel cell stocks. BLDP and FCEL down 20%, PLUG down 33%. PLUG announced a large share offering to a single investor @ 5.74 a share. MVTG may just be caught in the wash today.
"Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. 57,097,864 common shares issued and outstanding as of January 16, 2014."
Just updating for the date, this was in the most recent 10-Q. As of the September annual filing insiders held 13,612,500 of the shares with the bulk of that being the CEO.
.35's - .37's gone on L2 now too, just .39's left.
.35's - .37's gone on L2 now too, just .39's left.
While I agree with you on the potential etc, it's not been my experience that this type of stock suddenly trades as much volume in 1 day as it did in the previously 29 trading days for absolutely no reason other than it's potential. There's almost always something driving a change that big.
Very active poster on another board I used to be active on used to have a quote that was something along the lines of "It took me 5 long years to make a million dollars overnight." Always loved that quote.
Very curious to know what's driving the volume. Seems like the market thinks something is up.
Hopefully not 1 day but encouraging none the less. Would really love to see some positive news on the pilot plant as well but I guess we can't have everythign!
Bid
.0721 x 100
.072 x 100
.07 x 100
Ask
.105 x 100
.111 x 190
.12 x 50
The million I imagine is in reference to the 9/10 8-K regarding the agreement with Alstom and its not all cash, nor exactly a million. It's $250k CAD in "in-kind" services towards the pilot plant and two sets of payments toward the alternative products project payable in 2 pieces, $190k CAD toward phase 1 of that project and $456k CAD toward phases 2-4. All total it comes to basically $900k CAD.
Actually Alstom's contributions to the pilot plant are purely in-kind (ie they are helping out with engineering and planning) and not actual cash. The cash they are contributing is for development of the process to explore other outputs besides formic acid from the way I understand the filing.
I'm very curious to find out what's going on with the NSERC grants that are potentially pending for Mantra. According to the 8-K filing from 10/28 the recent hirees positions are dependent upon MVTG receiving that grant funding. Large grant funding could significantly alter the dilution equation and would be an alternative to your predictions. The fact that the jobs are dependent upon receiving it leads me to believe at least on some level that the company expects to receive it.
Let's be honest there was no volume of any consequence here at all for a while now. Even the "big" days have seen < $5000 worth of shares move. I think the sell you saw today shows someone out there is looking to benefit from a downward move on MVTG though. Otherwise why literally give the entire principle on your trade away as commission.
I think we've agreed a lot since you came to the board, this is a hugely risky play on a low to no volume stock that is likely going to have to dilute to fund itself. But the lack of available shares/volume and low float will work in the favor of shareholders if things go well just as much as it will work against them if things go south.
Not when you consider the commission! Someone just paid $25 for those $15 worth of shares which is actually quite a premium to the current market price haha. This trade was as much a paint as the buys at the ask have been the last few days. Just no volume here right now.
Honest question, why do you consider a buy of 1,000 shares @ the ask a "paint job" but not a sell of 205 shares at the bid for $14? Yes this is illiquid and yes buys or sells of any real quantity are going to move us pretty significantly in both directions. But for someone who breaches brevity this post lacks some serious neutrality.
As an aside that address is just around the corner from this now fairly "infamous" UPS Store. I am assuming that is just where they receive their mail since its within a block?
My apologies about the confusion on that post. Reading it now I can see how it would be very confusing. I made a post, meant to remove it but couldn't figure out how to and I meant disregard my post not his. However how you're taking is not necessarily inaccurate. I believe the below is the address of the actual office but I could be mistaken. You can drop into street view and it seems the Mantra "M" logo is visible on the second floor of this building.
Suite 4-2119 152 St, Surrey, BC V4A 4N7, Canada
https://plus.google.com/116628279912554276270/about?gl=us&hl=en
Disregard this one, appears I was incorrect...
I think until the amount of dilution needed to fund the pilot becomes a known factor there will not be any significant upward movement without something like major grant funding or something along those lines coming through. Personally since this could happen any day I would rather be in now than chase the pps later because I like the potential of the tech. None of this, however, makes this anything other than speculative. But if you're not looking for speculative why be on the OTCBB?
I think the reality is we won't see any upward PPS movement until the amount of dilution necessary to complete the pilot plant becomes a known factor. Until then the market doesn't have much of a choice but to price in a lot of it. There are plenty of catalysts out there such as CAD grant funding but these are all speculative. Personally I like the potential of the tech, but this is still unbelievably speculative. Then again if you aren't looking for speculative what are you doing on the OTCBB.
I for one am probably somewhere between your stance on the company and Mike's but it's a bit ironic you applaud Teron for not just giving cherry picked info. His is equally cherry picked. I'd expect as a seasoned iHub vet you would be able to see through posts like this from an account literally made today which follows no stocks and has made no posts other than to bash MVTG twice.
I like that you bring some balance to the board but please don't actually attempt to acknowledge that post as anywhere near factual or not cherry picked.
Pollution allowance trading has actually been around since early this millenium. There's an OTC exchange in Chicago.
https://www.theice.com/ccx.jhtml
News out in the form of an 8-k, MVTG made two hires. The hirings seem contingent upon receiving the CAD research grants. Seems Mantra is fairly confident they will be receiving it then?
"On October 10 and October 17, 2013, our company’s subsidiary, Mantra Energy Alternatives Ltd. (“MEA”) entered into employment agreements with Amin Aziznia and Sona Kazemi, whereby Mr. Aziznia and Mrs. Kazemi have each agreed to perform services as a Senior Process Engineer of MEA for a term of one (1) year. As compensation for services rendered, Mr. Aziznia and Mrs. Kazemi shall each receive base gross remuneration of $65,000 per annum with an increase to $70,000 per annum subject to receipt by MEA of an Industrial Research & Development Fellowship from the Natural Sciences and Engineering Research Council of Canada (the “NSERC IRDF Grant”). The compensation is payable in twelve (12) equal monthly installments. In addition, we will grant to each Mr. Aziznia and Ms. Kasemi 100,000 stock options to acquire up to 100,000 common shares of our company at a purchase price of $0.10 per share. These options are non-transferrable, vest immediately and expire upon the earlier of 24 months, or upon termination of the employment agreements. The agreements will be immediately terminated if MEA does not receive the NSERC IRDF Grant..
The description of the employment agreements contained in herein are a summary and are qualified in its entirety by reference to the copies of the employment agreements are attached hereto as exhibits, and which are incorporated herein by reference."
This is a great point. The agreement with Alstom gives them the right to purchase an exclusive license of any technology that comes about as a result of their joint venture. They also may potentially down the line need to assume an exclusive license to the ERC process as a whole. I don't think that's an issue given that Alstrom is probably the biggest CCS player in the world.
"Alstom will have the additional option under the agreement to acquire an exclusive license to intellectual property created by Mantra under the agreement, and to a license to Mantra’s ERC technology as may be reasonably required to exploit intellectual property assumed by Alstom. The agreement does not affect ownership of any underlying intellectual property of either party."
http://ih.advfn.com/p.php?pid=nmona&article=59142338
I think you're right in your point about the buyout. I don't think they are being discussed as a serious option currently but as in relation to the current market cap. With a $5-$8 million market cap it was asked what Larry "would" consider for a buyout and its certainly no where near where the stock is currently trading.
I think this really just shows what will happen if someone aggressively makes a move in either direction, buy or sell on this stock due to where the float is. There just aren't that many shares out there. A similar market order on the buy side right now would have to go all the way up to .24 to fill.
Wish I had known that was coming I would have liked to have scooped up some of those shares!
Generally speaking from my experience with larger private placements like this, the shares are generally of the restricted variety. Usually those restrictions last a year or two at least before you can sell. So no its extremely unlikely that MVTG sold these investors 1.8 million shares at $.08 that they could immediately sell on the open market and they are likely not the seller.
I was a bit surprised myself to see the change designation come through because I didn't think MVTG was on the pinks either. Thanks for the explanation though!
Yes it's an upgrade. Basically the difference being that to trade on the QTCQB you have to be fully reporting I believe.
OTC Pink Limited
"Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to OTC Pink Basic Disclosure Guidelines. Companies in this category have limited financial information not older than six months available on the OTC Disclosure & News Service or have made a filing on the SEC's EDGAR system in the previous six month"
OTCQB
"The OTCQB® marketplace offers informed trading for securities for smaller or developing companies that are reporting to a U.S. regulator (SEC, Bank, or Insurance). Since OTCQB has no minimum financial standards, it includes shells and penny stocks that are current in their disclosure to regulators.
The OTCQB marketplace has effectively replaced the FINRA operated OTC Bulletin Board (OTCBB) as the primary market for SEC and bank reporting securities that trade off the exchanges"
http://www.otcmarkets.com/learn/otc-market-tiers
Sorry duped my message somehow...
Been no willing sellers at all in the .13 range despite a chunk of shares just having been bought in the .10-.11 range. Makes me happy to know that it wasn't short term flippers picking them up or that the market may be starting to catch on a little bit here. There's been plenty of bids at .13 to take advantage of if someone was looking to do it.
.12 x .145
I leave for 2 days and the ask jumps 30%...did I miss anything?
Crazy Papa's response regarding the tour is below.
Yeah been pretty much there for about a week or so, no real volume on either side. A couple people have bumped up to .11 hoping to get filled but that's been about it.
More good news for MVTG. The EPA has a deadline today to set new limits for CO2 emissions from power plants for the first time ever.
"For coal-fired power plants, the new proposal will eventually require the installation of technology to capture carbon and bury it underground. Not a single power plant in the U.S. has done that, largely because it has not been available commercially and, if it were, it would be expensive."
"Moniz said the Energy Department had billions of dollars to dole out to help energy companies to figure out new ways to reduce carbon pollution from coal-fired power plants, including so-called carbon capture and sequestration technology. McCarthy mentioned four plants, including one being constructed in Mississippi by Southern Co., that plan on deploying the technology."
http://news.msn.com/us/rule-wont-kill-coal-fired-power-obama-officials-say
I think it HAS to change the valuation for anyone whose done any sort of serious investigation into the company. If you've read up on MVTG you would know that the company has made no attempt to hide the fact that there is going to be additional share issuances to cover costs and that should already be baked into your valuation. This is now $1,000,000 less that they have to raise. It's also a $1,000,000 in tangible assets that the company did not have before.
This doesn't even factor in making any sort of adjustment for the fact that Alstom, one of the biggest players in the carbon capture field, thinks MVTG's tech is so promising they are willing to throw 7 figures at it for nothing more than the future potential of paying to pair it with their existing carbon capture processes.
I get that there's no tangible asset yet here and essentially the valuation is a representation of the risk/reward of the tech not working out. But I still don't understand how that doesn't cause people to rethink that equation even just a little bit.
I am a bit surprised that there has been no real significant movement after the Alstom news. A multi billion dollar company just agreed to hand MVTG 20% of the current market cap to put towards R&D and it appears the only string attached is that the multi billion dollar company has the right to buy exclusive licensing of any future products that come of it. I'm not sure how that doesn't alter the valuation somewhat significantly. This isn't just a huge partner in name, it's a huge partner that's paying for things.
I think a lot of what you surmised here is correct but the company has never really hid any of this. They've stated pretty plainly that they aren't to revenue generating stages and that they will have to continue to rely on share offerings to continue to generate revenue for operations. There hasn't been any in recent history in the 0.03-0.05 range though. Going back to the end of last year the shares have been bought in the 0.08 - 0.17 range.
I think if you're investing here you're investing with a fairly long term window in mind. I also do think though that with a partner like Alstom (looking to be fully commercialized with their CCS systems by 2015), if they like what they see here the commercial viability and practical application roll out, or at least its inevitably is going to happen quickly and given that there's not much float here I have no intentions of being on the outside looking in.
I wouldn't really worry about the cash at 5/31 though they raised another $150,000 in July through a share sale. Also the people buying shares in these type of private offerings generally aren't flipping them, the majority of the time in deals like these those shares they get are restricted for a good chunk of time.