Moose, I could agree with most of your assessment if you weren't talking about a developmental stage company.
Developmental stage company usually don't have revenues and aren't expected to produce anything substantial until theyhave a product that goes to marker.
You say the stock is basically worthless, here I have to disagree with you. Case in point liquid Light while the company itself ended up going out of business their patents did carry value and were purchased by another company.
While fortunes have not smiled on MVTG over the last three years not all of it misfortune can be attributed to Mantra management.
It is a confirm fact that Mantra had a 5 year agreement with Alstom Power to co build a pilot plant at the Lafarge Richmond Cement plant.
It is also a confirm fact that during the year that the pilot plant was in the process of being built Alstom power was sold to GE and did not fulfill their end of the agreement.
Also from 2014 to the end 2017 government funds dried up for carbon reduction research. This was verified by Richard Adamson former president of CMC who stated, during that period in time his company (CMC) had to make major painful downsizing decisions to get though those lean years.
It was also the same Richard Adamson in the same interview, stated new government funds would start being able in 2017 to help bring technologies like Mantra's from lab to market.
So, yes things have been slow in the last two years as funds were scarce, but even though Mantra pressed forward demoing the first ever formic acid fuel cell, getting a patent approved in China and obtaining a new patent for Membrane-less reactor for the electro-reduction of carbon dioxide.
Why doesn't Mantra get million if it game breaking tech? The problem with a technology like Mantra's is that nobody wants it until they have to have it. Right now it cheaper and easier to just collect the waste CO2 and bury it. Once the companies start being charged on the amount of CO2 they are producing and still have to carry the cost of collection and disposing of CO2 than you will see millions thrown at techs likes Mantra's
With the Paris Climate treaty the world is just staring to wake up to the realization that a world wide tax on carbon will be a reality.
Notice how Canada that has implemented a tax of carbon has greatly increase it's budget in carbon reduction research. The industrial nations of the world will follow suit as a tax of carbon is initiated.
So remember when you do your observation of Mantra, you are observing a company in it's developmental stage and rate it's performance against what is expected from a developmental stage company not a fully operational one.
AI
