Agree. Let's just hope WPWR can survive long enough to reward LT investors.
Here's the latest update issued by MEC on July 15.
I wanted to update you on our recent progress of ME Recource Corp. A lot of exciting things are happening as we edge towards our field demonstration. This technology has huge potential to help the Environment and the Economy of Alberta, British Columbia, and other oil and gas producing regions around the world.
1) Great Team and Management. As you know, the directors and management include past senior executives from Microsoft, the National Research Council, and the TSX Venture Exchange plus all the PhD's at Ecole Polytechnique. We have also added a Demonstration Team with another PhD and qualified Oil and Gas engineers.
2) Government Support. Like the NDP or not, Alberta will become more environmentally conscience. They have already introduced an increased Carbon Tax on oil and gas polluters and have become more stringent against offenders like Murphy Oil. (Calgary Herald,July 3, 2015 - AER shuts down Murphy Oil )
MEC has already has gained a ton of credibility from working in the NRC Facility and Ecole Polytechnique de Montreal; and in IRAP financial contributions. Our next step is to gain the support of the Alberta centric public and private financing entities.
3) Demonstration Host. MEC has been preparing over the last three years in R&D, Patent Protection, and Business Due Diligence to arrive at this stage of moving from Lab to Field. MEC is actively searching for suitable demonstration partners and the company will see the greatest upside during the pilot stage of technical development.
4) Financing Plan. MEC stil has an open financing of $200,000 with about $30,000 remaining at 0.10 cents. With the newly introduced Existing Shareholder Exemption, if you already have shares you can participate in this private placement. Once we have identified a suitable partner, we will annouce another private placement and make arrangements to move up to a more senior exchange.
I am reaching out to my friends and collegues to introduce MEC not only as an investment opportunity but also as a product for application to existing flared, wasted, and undervalued gas. If you have any ideas or insights please give me a call or drop an email to chand@meresourcecorp.com.
Sincerely,
Chand Jagpal
President, MEC
604 723 8752
