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This news is similar to what you would get if you call in. Really good stuff that will boost your confidence, but not big money negotiations yet (Soon to Come). However, I think everyone should call Mantra (604) 609-2898. At least at some point. If you invested anything at all in them, it is great piece of mind.
Everyone must have went on vacation. It sure is quiet in here.
Did you guys notice that someone is buying 100 shares at a time ($30.00) frequently between yesterday and today. That seems weird unless you have a bucket load of free trades.
Larry is pulling through with the monthly updates. That will be a good addition to the good news we are expecting to come down the pipes.
Grants are good. Funding 70 -100% of the operations.... not bad for a company who hasn't sold anything yet! That is a lot of room for profit and taking care of their liabilities (which seem to be major at this point)
Cha ching
Great News this morning!
Mantra's Electro Reduction of CO(2) Technology Seen as Strategic Fit for up to 43 Grant Opportunities
SEATTLE, Feb. 4 /PRNewswire-FirstCall/ -- Mantra Venture Group Ltd. ('Mantra', OTCBB: MVTG, FSE: 5MV) is pleased to announce the results of a Grant Research Report completed by Steven Roka of Mantra Grant Relations. Taking into consideration the nature of Mantra's research efforts, operating schedule, and the geographical area in which it operates, it was determined that as many as 43 funding programs fit strategically with the company's current R&D efforts.
To help subsidize the fiscal requirements relating to the R&D of its Electro-reduction of Carbon Dioxide (ERC) technology, Mantra will be applying for those local, national and international grants as recommended in the report. If successful, Mantra could recover anywhere from 70% to 100% of future development costs through a combination of public and private sources.
Dennis Petke, Mantra's Chief Financial Officer, comments: "We are very pleased with the extensive range of grant programs available to environmentally-focused companies such as ours. The financial assistance offered through these programs will be quite beneficial to the company, not to mention the international exposure gained from our participation. Mantra will be actively pursuing several grant opportunities in the coming months, and the company will post monthly updates to inform investors and other stakeholders of the progress made in this department."
Larry Kristof, President and CEO of Mantra, adds: "Grant programs represent the most ideal source of funding for both the company and its shareholders, as the company will benefit from the additional capital without diluting current shareholder value."
In order to facilitate the application for specific Canadian grants for which Mantra will be applying, the company has also entered into a supplementary proposal agreement with Kemetco Research Inc. Starting on April 1, 2009 Kemetco, which has already been doing R&D on Mantra's ERC technology, will adopt a structured, accelerated program focused on fully developing ERC's commercial applicability. Full details on this agreement are available in Mantra's Form 8-K filed with the SEC on February 4, 2009.
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.
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.
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.
Disclaimer:
Investor Relations Terry Johnston 604-267-3022 http://www.mantraenergy.com/
DATASOURCE: Mantra Venture Group Ltd.
CONTACT: Investor Relations: Terry Johnston, (604) 267-3022,
, http://www.mantraenergy.com/
If I can scoop up some more today I will definitely go for it.... but less than at .25 because no doubt someone else will get scared and bail out before the day is done.
Not at all. But perhaps there are people who need to sell off. Do we know the amounts of buys and sells so far? It feels like many are pulling out. weird for a Tuesday. That is a friday thing right?
The bid and ask just went kuku. It looks like volume just rocketed and the price went way down to .21 .... I wish I was buying today! Volume 17,868 all at 10:50 a.m.
The bid and ask just went kuku. It looks like volume just rocketed and the price went way down to .21 .... I wish I was buying today! Volume 17,868 all at 10:50 a.m.
Helloo (tap) (tap) Is this thing on?
There was a pretty heavy volume spike today, was it buyers or bidwackers? does anyone know? Pastor?
The door is open for buying. I pulled off .25 today.... I thought that was over but if your in the market and set the limit you can probably get it on sale.
Heres the phone number again
I think the real wise decision to make is to call into Mantra personally: (604)609-2898
I am impressed with the news they give. If you need any reassurance at all you just have to call because I think they will only post the big news. Save their number in your address book because I think this will be a major hair pulling experience for anyone who backs out at these prices. Its on sale!!!!
Don't forget to call Mantra directly for updates. Pass it on because it is exciting to be updated directly in between big news which is just around the bend.
TRUE, but this is global saturation we are talking about. They are soon to be a household name I believe and I don't think they are too concerned with the day trader and small investor audience at this point. If you want some juicy news call them. For instance, stuff that is in the works and their goals they are very open with... just wait for the big news because they are cautious, I believe because they are professionals and Larry has been in the Big Leagues before. His profile says it all to me. Just my opinion. Hang on though cause we are the elite...just wait.
Hey guys,
I think the real wise decision to make is to call into Mantra personally: (604)609-2898
I am impressed with the news they give. If you need any reassurance at all you just have to call because I think they will only post the big news. Save their number in your address book because I think this will be a major hair pulling experience for anyone who backs out at these prices. Its on sale!!!!
I feel the same way, maybe he has good reasons. Hey what does JMHO stand for?
Thank you for that research. I appreciate it. Where do you find that info?
Wow! Didn't think we would see .25 again. Buy it up if you can! Hopefully we have some kind of behind the scenes negotiation instead of just a colossal bidwack.
Hello Pastor,
Do you have any insight on this volume spike? How much of it was sells? hopefully you have some charts available. Thanks
Something is brewing today.
HELLO BIG T,
any thoughts about the spike in volume this morning?
This seems like such a down to earth operation too. They will actually talk to you and personally call you from time to time! That is not normally my experience. I'm sure things will change when they get bigger. Right now, I feel like they are transparent enough for me and I am happy if they watch their backs with this technology.... could you imagine what kind of damage a copy cat could do?
I AGREE! It leaves me puzzled and maybe you guys can help me out.
If we analyze what is happening... and please correct me if am mistaken, There is a low public float. So there is going to be a certain amount of internal stability for the price. If they take their time and even sit on news for a while.... that drives us nuts, but the price of the stock remains topside or reasonable. Does this kind of scenario happen much? I don't know. All I know is, they have a vested interest that they want to keep and to me that says this is going to be a great value stock because even if they are slow with news, they have everything to gain when this company gains popularity. Maybe they are waiting for the Big stimulus package to bear fruits.
What is your take on the company's position?
Muchos Gracias Pastor
I am with you on that...
Hey Big T,
How much of todays 3000 volume was sells?
I likes the sound of those odds.
Thanks for the great reference. It gets me pumped up.
Hello BigT,
If you do call them up, you could ask them how close they are getting to starting some lucrative deals with companies who will implement their technology. If anyone else has questions, I might give them a call later today. Just post it for me. They usually call me once a week.... almost. Here is the number for anyone who is interested: (604)609-2898
Like I said though.... if you want me to ask something specific, just post it and I'll get back to you.
I get every indication that they are happy with their new CFO, Petke.
It sounds like he is a motivator and a Go-getter.
Good Mid-Morning,
DIscussion has gone down here. That doesn't make MVTG any less of a no-brainer for future success. It is really the calm before the storm. I have noticed that new technologies like this are a little tricky because smart inventors want to get their partners defined before they give out too much information. There is always the threat of CopyCats and people who tweek your ideas and sell them as their own.
This kind of thing has been happening since the stock went to .25 last year.
Some guys bought the mother load and then unload it at stupid prices. Kol has some good stories about that.
I will be ecstatic when we rise above the volume where the stock is effected so much by emotional day traders.
That is pretty lame, someone must need cash. No doubt it was a loss. for their sake I hope they broke even.
So I guess the 4,000 was all sell?
I wish I could pick more up at .28
HELLO EVERYONE,
There is a post @ yahoo financial for MVTG:
http://finance.yahoo.com/q/is?s=mvtg.ob
Its an income statement. Interpretations welcome.
That was an exciting .09 ride down and up . We haven't seen .28 for a while.
Why does it feel like everyone is holding their breath?
HELLO EVERYONE,
i am impressed that the posting goes on 7 days a week!! Mantra is very viable. In fact I have been comparing how some of the industries that Mantra will replace have been performing. Like the chemical producers of Formic Acid (BASF) ; Hydrochloric Acid, ( which the steel mills use for pickling) , sulfuric and mueratic acids.
It seems they will also tap into or replace entirely the CCS market. (CO2 Capture and storage) Some of these stocks are $120.00 per share (StatoilHydro STL on the OBX : www.statoilhydro.com) Pretty cool to think how revolutionary this is.
chow