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Tuesday, 04/21/2015 11:46:50 AM

Tuesday, April 21, 2015 11:46:50 AM

Post# of 336
Did anyone notice that the original Alstom MVTG phase 3 budget (cash.. profit, from Alstom to MVTG) listed in the 8-K filed contract in Nov 2013, versus the 10-Q update shows an increase in the phase 3 and phase 4 funding?

Was $165,000, now $180,375, phase 4 was nearly doubled from $20,000 to $35,750

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9621266

"A second integrated research and development project will study carbon dioxide conversion to alternative chemical products by electrochemical reduction, with a focus on catalyst materials and lifetime. Alstom has contributed approximately $430,750 for Phases 1 and 2 of the alternative products project, and has committed to $180,375 for Phase 3. Alstom's planned, but not committed, contribution is estimated at $35,375 for Phase 4"

That is about $600,000 from Alstom for phases 1-3 only of just one of two projects they are funding. No company does that if there is not serious interest in the technology. Just because MVTG is doing the work at very low price and not gauging Alstom, does not mean Alstom is not serious about putting serious money into the partnership!!!

Also note that phase 3 is not more lab R&D (there might be some) but mostly system design and costing of a pilot plant to be reviewed in a short, fast phase 4 to price/cost and close the phase 5 plan for a pilot plant.

A possible 3rd MVTG ERC pilot plant.

Unless Lafarge decides to make syn gas in the PP, or both syngas and formic acid??? Perhaps that is part of the hold up on Lafarge? Maybe the phase 2 data was too good smile

Maybe the German plant will be the test site, or maybe a US or China site? I see 3 possible pilot plants being co-build and operated with grants!!!!

Why would Alstom do more than one pilot plant with MVTG if they were not happy with the MVTG ERC technology and R&D results?

They would not. So Alstom must be super pleased at this time with MVTG R&D and the ERC smile

GE, Alstom-GE has tons of cash to put this into high gear!!! And rest assured the GE part will be all over funding this and pushing it....

Life is good!!!

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