Sunday, January 04, 2015 7:03:47 PM
"Larry stated in the 2014 10k, he needed 5,1 million dollar to operate MVTG for the next 12 months."
It stated that he needed that much to do everything he has on his wish list (my interpretation And I assure you it is an accurate interpretation), it did not say "to operate" It did not say the company will fail with out raising 5.1 Mil dollars "to operate" the company, as is being implied. It did say he wanted that much, or needed that much to fully implement the entire plan he would like to implement this year (My interpretation, not the lawyers BS-boiler plate). MVTG has always said they needed about 5 times as much money as they were able (or were willing to raise at low stock prices) to get since 2008. Last year was their best year at raising cash and limiting dilution, including record cash from work for hire from Alstom and Federal grants which reached nearly $1 million dollars alone plus the 1.7 million raised in cash for stock at prices as high as .40/share not long after the stock traded as low as .06/share.
$5 million in grants this year is possible and would solve the wish list need for 5.1 Mil in short order.
It does seem to put a limit on how much cash he would like to raise (5-10 million?) But only once the news has run the stock up over $2/share first) thus limiting dilution to a fraction of past dilution and frankly buying here at .30 with the expectation of MVTG raising cash at $1.50 share this year seems like a NO BRAINER BUY NOW message to me
History has a habit of repeating itself. The last MVTG cash raise was at a price 4000 times higher than in Dec 2011. That was with out a R/S or R/M and it was with far less news and reason for buyers to invest than we have now.
Ambition with out knowledge is like ship in dry dock, going nowhere FAST!
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