Tdtcal, I think the reasonable thing for you to do here is to call Mantra (John in IR or Larry directly, apparently) and ask them to clarify. You've been a reasonable critic of MVTG at times, but sometimes you seem to strain toward the skeptical - that's fine, I'm often there too. But then again I don't go posting on websites multiple times a day about companies I'm continually disappointed in. I guess what I mean is, you would have more credibility here if you went to Mantra on this issue and then reported back what they told you. You could present the issue as something akin to the following:
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"Hello, this is tdtcal, and I have a quick question I'm hoping you can answer about an 8K from 2013? I'm reading the agreement with Alstom and I have a few questions about the projects involved and the phases associated with either or both of these projects.
Based on the first paragraph of the agreement, it seems to me that there are two projects funded under this agreement: (1) the mobile pilot project at Lafarge where the principal focus is on converting CO2 into formates; and (2) an integrated project focused on the conversion of CO2 into other valuable chemicals that commences in five phases. Now, later in the agreement there is a table where a single "pilot project" is referenced and where there is a five-phased sequence tied to specific payment obligations according to each phase.
My questions are this: Are there two pilot projects here or is the latter project regarding the conversion of *other valuable chemicals* integrated into the Lafarge pilot project. Are there two pilots here or one? And with regard to the pilot project currently in Phase Three per the recent 10Q, is that the pilot project located at Lafarge or a second project?"
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Everyone is entitled to their own opinion here, but no one is entitled to his own facts. So help us get some facts here and let's clear this up. There is a big difference between the two positions that you and EcoMike have taken. I tend to come down on the side of there being two pilot projects, but would concede that the agreement could have been written more clearly (you never define the central focus of an agreement with two pilot projects with the singular "the Pilot" - basic contract drafting shit). I can understand how you might take a contrary view and see this as one "integrated" pilot project, and that we're in Phase 3 at Lafarge and thus behind schedule. That's your position based on the facts as you see them. But EcoMike has already said that he has reached out to Mantra directly to clarify that there are two different projects. I think you owe it to yourself and those who read your posts to call Mantra yourself and resolve this once and for all. I for one would appreciate having this clarified.
Regards,
Tom
