You touched directly on my main point. The IP and the science looks great, no doubt. But patents contain precisely zero practical information about commercialization and opeartional costs, strategies, or opportunities.
Reading the patents will not tell me how much an ERC plant will cost to build, nor what the OpEx cost to capture the CO2 and convert it to formic salts will be. Nor will it tell me what the commercial value of the product is or could be in the future.
My past posts sound very critical, but to be clear.. I'm not critical of the company and their tech, I'm curious about it and want to know more. I'm critical of the one-sided posts making bold claims about how huge a financial success Mantra will be.
My personal approach in investing in microcaps (MVTG is virtually a nanocap at $5m today), is that I first have to believe in the science/tech/IP, and the future need for it (markets, trends). In those respects, Mantra seems to have the goods. But next I look at the numbers ... if the company provides some, I will validate as best I can myself. If they don't I will try to make up my own mind, and often contact the company to validate what I'm saying.
If the numbers look great, then there is the company management, their go-to-market strategy, the market readiness, timing, social/economic/environmental/legistlative/political factors that can help or hinder.
With Mantra, I'm stuck on the numbers. Mind you, I haven't spend much time on it.. I figured with a few key longs here this ananlysis would surely have been done already (I must revisit Gantor50's swing at this, which was shared on this board).
Ecomike, you who are close to the company, if you have some insight into the numbers, and you are keen on convincing investors to jump aboard, your time would be better spent, IMO, sharing that info, rather than what I find to be fist-pumping in the air.
Twice in the past I have taken a small speculative position in MVTG, but twice I closed it. The PPS today is tempting me to reconsider.
