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The prospects for cleaning mine water must have been too good to pass up. Anyway, it looks like they have a negotiation in the works and they don't mind releasing the info.
NEW TECHNOLOGY!!!
+ OPEN HOUSE
Mantra To Feature Electro-Reduction of Carbon Technology at Open House Investor Reception on Friday, February 27th, 2009.
SEATTLE, Feb. 27 /PRNewswire-FirstCall/ -- Due to overwhelming support and interest at last week's Global Chinese Financial Forum, Mantra Venture Group Ltd. ('Mantra', OTCBB: MVTG, FSE: 5MV) is pleased to announce it will be holding an open house reception at the Kemetco Research Friday, Feb 27th, 2009. Larry Kristof, President and CEO of Mantra, will be onsite featuring live demonstrations of the company's Electro-Reduction of Carbon (ERC) technology, and to talk one-on-one with members of the investing community. In addition to technical demonstrations, Mr. Kristof will also be sharing with investors the company's strategic growth strategy in its effort to become an industry leader over the next five years.
Mr. Kristof comments: "It is with great pleasure that we open our doors to the investing community to provide a first-hand look at Mantra's ERC technology. It is very rare that investors are given the opportunity to see up close and in person the technologies underlying their investments, and I am quite confident that all of those in attendance will be fascinated by the intricate performance of Mantra's ERC reactor."
Kemetco Research Inc. is located at Unit #445, 5600 Parkwood Way, Richmond, BC Canada, V6V 2M2. Reception hours are from 4:00-7:00 pm PMT on Friday February 27th.
Mantra Signs Exclusive Option Agreement for License to Mine Wastewater Technology
Mantra is pleased to announce that has just signed an Exclusive Option Agreement with Synergy BioMetals Recovery Systems Inc. to license its Mine Wastewater Technology. This technology effectively converts acid mine drainage into clean water with a neutral pH- suitable for release into the environment. This technology represents a significant new opportunity for Mantra and its shareholders, and it will be on-site for display and discussion at today's Investor Reception. The parties are obligated to negotiate the terms of the acquisition in good faith until March 31, 2009. This deadline may be extended to May 31, 2009 through the payment of CAD $5,000 to Synergy BioMetals Recovery Systems Inc.
About Mine Wastewater
The US Environmental Protection Agency ranks mining as the United States' top toxic polluter, reporting more toxic releases annually than any other sector. Acid generation occurs naturally in the mining process as waste rock and metal tailings are exposed to water and oxygen. The result is contaminated, toxic water that has serious ramifications on the local environment if left untreated. The EPA estimates that over 40% of US western waterways are contaminated by mining activities.
About ERC
The ERC process, defined as the Electrochemical Reduction of Carbon dioxide, combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to liquid fuels.
While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy.
MVTG also expects that the complementary nature of ERC and the electro-oxidation process that drives fuel cells may make it possible to use ERC in a regenerative fuel cell cycle, where CO(2) is converted into a fuel that is consumed in the fuel cell. The company is also exploring ERC applications for the production of steel and fuel additives.
About Mantra Venture Group Ltd.
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and, more importantly, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol EDV 5MV.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
DATASOURCE: Mantra Venture Group Ltd.
CONTACT: Investor Relations, Terry Johnston, (604) 267-3022,
, http://www.mantraenergy.com/
Hey guys,
If you call in they may tell you about a branch of Mantra that operates in and around the Chinese market and is investigating the possibility of marketing some of the green tech. They can give better details, I just remember seeing info on the website and talking about it with them.
I Remember Tammy saying there would be a buy back in the notes:
"(Tammy) 15 mil shares are to be bought back by the company on the record."
Do you think that is the reason 240,000+ were just sold. I don't have the connections to know.
Wow.. it stayed at .25 at least on the Scottrade.
Anyone have an explanation.... volume is zippo. Is there another factor I am not seeing but need to pay attention to?
I believe he said they were trying to definitely take advantage of the American stimulus / push for renewable energy; and trying to get jobs "in the pipeline" like as many as possible. Also, Luis (the Lawyer) seemed to be hush hush and either Larry or Shannon was the one who was very excited about N Amr prospects. Thats what I heard.
That's what I'm talk'n about.
That's what I'm talk'n about.
I talked to Larry and Kol today..... They have some exciting prospects "on the cuff" . Call in for details if you want.
Honestly,
I wanted to score some more stock while it was low and this was a swift kick in the crotch for me.
.20 was a good price ... Does anyone thing it will drop again, or dare I say ...farther tomorrow.? After all, some of the day traders need beer money for the weekend. Let me know. Thanks
Can anyone explain what happened here today. THere was only 2000 in buys and a massive sell out and we ended up at .25 at the end of the day? from .2 to .25 is a big jump. I'm not complaining.... its a good thing .... I just don't understand what made this happen. I'll be back in a few hours to see if anyone knows and can shed some light on this for me. Thanks guys.
Yeah, at the end of the day we all just want an honest idea of what we are investing in. So far iHub has the most level headed crowd to discuss things with. Everyone here is at least serious about getting real answers (I mean regulars and not the bash and run crowd). If we team up on research it makes DD more efficient. So thanks to you all you iHubbers for making a great environment online.
At this price level, It is my opinion that good news or bad news, PR or no PR, there are too many MM's and douch bags and people who play the market for beer money that effect the PPS. Patience will win out and Due Diligence will keep you calm and collected. Soon the big money will buy into it or the PPAs will effect the price. Either way, it is tooo affordable to to many and is going to be jerked around till we get some stability in the market. This is a great sector and when things get better it will go up with the industry. I would say it is time to see if you have the stomach to take a position or not. That is just a personal decision we all make.
Have no fear,
Do your due diligence and call Larry or Kol. The volume is dropping and the news is great... so what gives? I would tell you but you owe it to yourself to make the phone call. I don't give second hand info as a rule. Sweet rewards for DD. Everyone else can sit and shiver.
(All of my notes below:)
No problem ,
I wanted to learn more myself as part of DD. Heres all my notes on one post so you don't have to go back and forth.
Welwind notes 2-18-2009 4 pm. PST
Tammy mcnabb / Larry McNabb (Others as well could not type fast enough or spell well enough)
Eva (Translator)
ZHANJIANG
Big steel project. Delayed by Gov.
Construction Logistics Milestones met
YANGXI
Collecting data on wind.
Initial stages submitted this year prospectively (late summer ) for approval
Nig see(?)
Backed out of because wanted position in North America. News release in mid Jan
Had a minority position… no ultimate control
Peace River BC
Cold winter access problems set back. Spring months will anchor towers down. Save 35% installing in spring
ALBERTA also spring
GUANGDONG
750 turbine
How cover expenses if no PPA? Issue more stock
Incorporated in US and Canada independent of Chinese Gov
March 11-16 New York meeting investors welcome (details forthcoming?)
Q&A .
Q: 1) Solar (viable?)
A: Market wasn't there in past ... now they hope to pursue in N Amr.
ISSUE: takes up land. Joint venture between Canada and USA Roof top project.
2) Q: Operating expences over next few months.?
A:- No employees except in China / Low overhead is typical for them
- Tammy sells her stocks for money and has about two years of unpaid services.
3) Q: Current delay of PPA issue. Why the price spike (.10) and as a result to news and was this irresponsible?
A: -Chinese government has some play in news and how it changes. Pulling out hair working in China
-PPA delayed for over a year; investors are concerned. Since we are on the other side this forum helps us stay in touch. Company can only provide information it is given and the press release came out then local complications delayed. Not losing the land (Island) but using a separate location. Initially wanted to be there to take advantage of refinery that was going to be there.
YANGXI
Not held up by data collection... construction approval. Express that they have PPA.
New Question
Q: Since we have PPA and are waiting on Construction approval, where does schedule for Zhanijang fall? (1st QTR?)
A: Coordinating Welwind construction with Government construction. Chose area because it is right next door to Steel manufacturer... lower cost to supply power. Never seen a project go on time... good thing is work can go 24/7 in China.
Q: Is Yangxi turbine generating revenue or is it free power for them at Welwind expense?
A: (Mr Lee answers) Mumbo jumbo.... Local gov wants to support this and helps with PPA ( guess it is just publicity)
Shannon takes the question over: Says that it will be part of negotiations and strategy going forward.
Q: 188 mil shares outstanding as of last report... what is it currently?
A: 196 mil (Tammy) 15 mil shares are to be bought back by the company on the record.
Q: If PPA is approved why do we not see terms?
A: paperwork not completed. National reform committee of China needs to stamp approval. If there is a section of land with , lets say a pond with animals in it or a certain type of bird nests there, they can limit or reduce the number of turbines or moving the position. So project is not lost.... they are searching for a definitive stamp of approval... slow going process. Figuring out the "Hows" at this point.... logistics.
(Tammy) CHina is a learning process. Welwind owns the Zhanjiang and Yangxi 100 %..... no plans to do anything but move ahead in China.
Q: Terms of project that was renigged on... how much did that cost?
-Time and effort... left on mutual terms
Q: Other PPA issues
A: 4 years getting PPA for a project and it sits because Crown Corp. issues. So not just CHina... happens everywhere (Canada...etc)
"In this for the end of the rainbow and they are almost there"
-Shannon De Delley
Tammy-
says that it is a good thing that Shannon is in Welwind and Windcor. Not negative
Shannon-
Says he has a lot to gain from success even though as of yet not being compensated personally
Q: Solar project in Caribbean was talked about... How goes it?
A: - Looks like it going ahead
Q: Complimentary wind tubine on Island is great, will industry in area affect wind harvest and are there footings going in? Cabe being layed?
A: No construction yet....in a hold pattern ; negotiations ongoing.... could get PPA tomorrow... hammering out the deal. Not looking at it being in a year from now.... anticipate things moving. Since it is inland and not offshore, timing is an issue. Reform Commission needs to approve.
Q: Dec 1 2008 Press Released. Said that details would be provided in a week and we saw none.
A: They provide info that they have.... did not anticipate delay ( should not have made promise..my opinion)
Larry- China doesn't have the same idea about communication that they have... hard to help delays.
Mr Lee- Government approval and changes/ adjustments are a challenge (mumbo jumbo) Lots of details worked out.... final approval pending.
Tammy- Mr Feng has put a lot on the line. Company not discouraged by delayed... work every day to make this a viable company.
Q: Is Welwind an actual company?
A: Tammy- We don't look at message board, lots of illegitimate information on the boards. As an OTC company that pays alot to be legitimate. Of course they are a real company. website went down and doubts came up... unfortunate. Message boards are there own beast... Tammy feels attacked in a vulgar way as only female. only weigs 130 lbs not 220lbs
Q: Where is focus in N Amer and Canada?
A: Shannon- Projects are in the pipeline so they can flow thru and if some delay... others go thru. Right now loading the pipe. Not withdrawing. Canada a little behind... focusing back on N. America. Market place will get injected w/ money and Jobs... win/win/win situation to be positioned on both countries. Doing business in the right places.. glad to not be automakers haha. Getting attention... recession proof sector.
Q: Lots of investors talk crap. This guy Fabian is proud to be an investor. (comment only... pretty much telling GNOTE to go to hell)
Q:: Starting own blog was talked about. Mr Lee in contact with powers that have pull...can we get updates that are not press releases?
A: Luis (Lawyer).. If shareholders can access equally (notified) can look into. Probably need to do on a case by case basis. Discussion of whiteboard info. Legal issues may be construed as insider info.
Q: Large investor says he appreciates this CC. Things are REALLY HARD right now. He knows. sounds a little perverted
Q: How much do the turbines rotate? 360?
A: Shannon: almost 360
Q: Are you open to using large eggbeaters to make power?
A: Vertical access Turbine is newer. 3 arm turbine is archaic , lots of new research by ENGGA.
1 megawatt can be converted to 10 Megawatt by using vertical. conserve land. Exciting to look at possibilities. Lot of out of date models will continue to be used till countries accept them. Lots of great designs coming out.
Q: What are we looking at in US Territory? Stuff to take advantge of Obama's injections of money?
A: Larry and Luis: Cannot report at this time. when it is concrete they will announce. Aggressively seeking projects in USA.
Do NOT want to miss out.... no question.
Q: You are great keep it up
No further questions. Over 100 in attendance
in NYC March 11-16th- welcome to contact Tammy by email to get together with.
Hey everyone,
I have about 8 posts that are solely notes and maybe a few opinions of my own in there(really not enough to account for anything). I listened from start to finish and apreciate the ones who asked questions. Quite a good show for iHubbers. Lets always keep it legitamate and I apologize if any of the points in my notes were mistaken or incorrect.
Nighty night
Hey goforthebet
Good to see you here and on the MVTG. Green is the machine.
Hey, nice job...
I think a good time to grill him would be in NYC. It is disappointing and I can see them being over zealous about their info and saying something that seems misleading. If they make a habit of it I will be more concerned.
I look for a pattern to develop before I get too worried.
You really should get some closure if it is eating at you.
Q: Lots of investors talk crap. This guy Fabian is proud to be an investor. (comment only... pretty much telling GNOTE to go to hell)
Q:: Starting own blog was talked about. Mr Lee in contact with powers that have pull...can we get updates that are not press releases?
A: Luis (Lawyer).. If shareholders can access equally (notified) can look into. Probably need to do on a case by case basis. Discussion of whiteboard info. Legal issues may be construed as insider info.
Q: Large investor says he appreciates this CC. Things are REALLY HARD right now. He knows. sounds a little perverted
Q: How much do the turbines rotate? 360?
A: Shannon: almost 360
Q: Are you open to using large eggbeaters to make power?
A: Vertical access Turbine is newer. 3 arm turbine is archaic , lots of new research by ENGGA.
1 megawatt can be converted to 10 Megawatt by using vertical. conserve land. Exciting to look at possibilities. Lot of out of date models will continue to be used till countries accept them. Lots of great designs coming out.
Q: What are we looking at in US Territory? Stuff to take advantge of Obama's injections of money?
A: Larry and Luis: Cannot report at this time. when it is concrete they will announce. Aggressively seeking projects in USA.
Do NOT want to miss out.... no question.
Q: You are great keep it up
No further questions. Over 100 in attendance
in NYC March 11-16th- welcome to contact Tammy by email to get together with.
Q: Dec 1 2008 Press Released. Said that details would be provided in a week and we saw none.
A: They provide info that they have.... did not anticipate delay ( should not have made promise..my opinion)
Larry- China doesn't have the same idea about communication that they have... hard to help delays.
Mr Lee- Government approval and changes/ adjustments are a challenge (mumbo jumbo) Lots of details worked out.... final approval pending.
Tammy- Mr Feng has put a lot on the line. Company not discouraged by delayed... work every day to make this a viable company.
Q: Is Welwind an actual company?
A: Tammy- We don't look at message board, lots of illegitimate information on the boards. As an OTC company that pays alot to be legitimate. Of course they are a real company. website went down and doubts came up... unfortunate. Message boards are there own beast... Tammy feels attacked in a vulgar way as only female. only weigs 130 lbs not 220lbs
Q: Where is focus in N Amer and Canada?
A: Shannon- Projects are in the pipeline so they can flow thru and if some delay... others go thru. Right now loading the pipe. Not withdrawing. Canada a little behind... focusing back on N. America. Market place will get injected w/ money and Jobs... win/win/win situation to be positioned on both countries. Doing business in the right places.. glad to not be automakers haha. Getting attention... recession proof sector.
Q: Other PPA issues
A: 4 years getting PPA for a project and it sits because Crown Corp. issues. So not just CHina... happens everywhere (Canada...etc)
"In this for the end of the rainbow and they are almost there"
-Shannon De Delley
Tammy-
says that it is a good thing that Shannon is in Welwind and Windcor. Not negative
Shannon-
Says he has a lot to gain from success even though as of yet not being compensated personally
Q: Solar project in Caribbean was talked about... How goes it?
A: - Looks like it going ahead
Q: Complimentary wind tubine on Island is great, will industry in area affect wind harvest and are there footings going in? Cabe being layed?
A: No construction yet....in a hold pattern ; negotiations ongoing.... could get PPA tomorrow... hammering out the deal. Not looking at it being in a year from now.... anticipate things moving. Since it is inland and not offshore, timing is an issue. Reform Commission needs to approve.
Q: 188 mil shares outstanding as of last report... what is it currently?
A: 196 mil (Tammy) 15 mil shares are to be bought back by the company on the record.
Q: If PPA is approved why do we not see terms?
A: paperwork not completed. National reform committee of China needs to stamp approval. If there is a section of land with , lets say a pond with animals in it or a certain type of bird nests there, they can limit or reduce the number of turbines or moving the position. So project is not lost.... they are searching for a definitive stamp of approval... slow going process. Figuring out the "Hows" at this point.... logistics.
(Tammy) CHina is a learning process. Welwind owns the Zhanjiang and Yangxi 100 %..... no plans to do anything but move ahead in China.
Q: Terms of project that was renigged on... how much did that cost?
-Time and effort... left on mutual terms
Mr Lee answers
Q: Is Yangxi turbine generating revenue or is it free power for them at Welwind expense?
A: Mumbo jumbo.... Local gov wants to support this and helps with PPA ( guess it is just publicity)
Shannon takes the question over: Says that it will be part of negotiations and strategy going forward.
YANGXI
Not held up by data collection... construction approval. Express that they have PPA.
New Question
Q: Since we have PPA and are waiting on Construction approval, where does schedule for Zhanijang fall? (1st QTR?)
A: Coordinating Welwind construction with Government construction. Chose area because it is right next door to Steel manufacturer... lower cost to supply power. Never seen a project go on time... good thing is work can go 24/7 in China.
Q&A .
1) Solar (viable?)
Market wasn't there in past ... now they hope to pursue in N Amr.
ISSUE: takes up land. Joint venture between Canada and USA Roof top project.
2) Operating expences over next few months.?
- No employees except in China / Low overhead is typical for them
- Tammy sells her stocks for money and has about two years of unpaid services.
3) Current delay of PPA issue. Why the price spike (.10) and as a result to news and was this irresponsible?
-Chinese government has some play in news and how it changes. Pulling out hair working in China
-PPA delayed for over a year; investors are concerned. Since we are on the other side this forum helps us stay in touch. Company can only provide information it is given and the press release came out then local complications delayed. Not losing the land (Island) but using a separate location. Initially wanted to be there to take advantage of refinery that was going to be there.
Welwind notes
Tammy mcnabb / Larry McNabb
Eva (Translator)
ZHANJIANG
Big steel project. Delayed by Gov.
Construction Logistics Milestones met
YANGXI
Collecting data on wind.
Initial stages submitted this year prospectively (late summer ) for approval
Nig see
Backed out of because wanted position in North America. News release in mid Jan
Had a minority position… no ultimate control
Peace River BC
Cold winter access problems set back. Spring months will anchor towers down. Save 35% installing in spring
ALBERTA also spring
GUANGDONG
750 turbine
How cover expenses if no PPA. Issue more stock
Incorporated in US and Canada independent of Chinese Gov
March 11-16 New York meeting investors welcome (details forthcoming?)
I have a great connection. Clear
No problem, I just realized it myself. I may post a few things I from the CC. It is sure to be interesting.
It starts at 4:00 .m Pacific time which is about 7:00 on the east coast
I agree, especially with those steel industry tech journals having those write ups, it is slow going ( all the good ones are), but I believe it is solid.
Anyone know why all the selling is going on?
Excellent, let me know what you think about the stock activity. It seems a little unstable right now... but just because investors don't have that public news that builds confidence just yet,... opens at .25 still a bargain
My apologies pashappy, I wasn't responding to your post ... just a thought to be applied in general. I was actually hoping no one thought I was an uninformed mindless cheerleader whereas I love researching and news.
Anyway, I do appreciate your explanation about why they would care about volume at this point. Hopefully they will do well enough in the future for you to buy in.
Cheers
Kol called me today and if you want to know more or get a heads up for your own mental stability..... CALL THEM. (604) 609-2898
I hate mindless cheerleaders and doom sayers like anyone else, thats why I can tell you that you should be informed ( It is owed to shareholders) and then you can be patient.
I don't think that the volume of their stock is the big concern for them. They have mush bigger fish to fry. As a shareholder, I feel informed and can be patient for something with this much promise.
Anyone who bought in on this needs to realize that this isn't a McDonalds style business where you just get money in and out right from the get go. This is Technology that is about to rock CO2 problems globally. Why the heck would they care about the volume or price of their stock at this point? Anyone who wants can answer that for me. I'd be curious to know what you think and why turning a few cents on a stock for the investors wold be more important then getting your ducks in a row for a really good show.
I'm sure they are positioning themselves just as we should. Personally, i know the drill, if anyone wants info, they should call. If the volume and news are what is going to do it for you, you should probably move on. This is a long term deal. Just my thoughts.
That is very COOL. The first part of the article looks like an advertisement which is apropos.
That is my opinion as well. These guys have lawyers and they are cautious about what they do. It is essential that they take the time and do things right.
Case in point.... China has no respect for anyones copyrights or trademarks... you don't just take cutting edge tech over there and flash it around without knowing that someone will knock off your idea. These guys do have a solid plan and they will talk about it. What they post as news is solid. Anyone buying in at this point should have a strong enough stomach to see there is rewards for patience. If not you can sell at .21 so I can pick up more.
I only buy it cheap. That guy was buying small at .30 .... sorry, but I'm not the chump this time.
The volume is tip toeing up. I believe there will be some impulsive sells before the week is out. I put an order in for .20
I hope it doesn't go thru.. I hope the ride up starts soon. but if it does drop that will be a bargain.
Those are pretty good odds. 43 grants that are available for them to apply for means the government is backing their sector heavily. For them to mention the grants at all implies to me that they are willing to pursue these particular grants seriously.