From the $MVTG 10-Q just released, good news and confirmation of my prognostications on MVTG (Some of which I have been accused of being arrogant to make LOL)
Confirmed now:
from the MVTG 10q....so hoping any day to hear HOT 2015 European funding news....
"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. This project has, for the past two years, been our only source of revenue. From Phases 1 to 3 (lasting from September 2013 to September 2015), we received approximately CDN$611,125.
The Phase 3 review occurred in September 2015 and tentatively approved for advancement into Phase 4.
The timeline and structure of Phase 4 will depend upon the results, expected in October 2015, of a large-scale funding application submitted to the European Union in June 2015.
If successful, this funding will cover Phases 4 and 5 of the current project. The original budget for Phase 4 was CDN$35,375, while Phase 5 was to-be-determined based on the results of the previous phases.
Mantra and Alstom continue to pursue additional funding opportunities.
Sounds to me like, contrary to popular claims on the ticker board that Alstom is still on board!!!
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