background.
For those that may be curious SGSI under its previous ticker MVTG went from .0068 in 2011 to .75 on organic news (No R/S ever, IPO was in 2008) that Alstom Power (GE bought them in 2016 for 14 billion dollars) had agreed to fund multiple ERC pilot plants world wide and to commercialize the patented tech, and sunk 1 million dollars into MVTG (now SGSI) in 2014-15.
The tech turns CO2 carbon dioxide into syn gas profitably, and has a 30 billion dollar per year market!!! The CO2 would replace CH4 methane, Nat Gas as the feed stock!!!
GE killed the project in 2017, no doubt due to their own cash issues and plans to die or live with the future of fossil fuels. So far that is not going well for them.
Mantra Energy part of SGSI is the wild card for future news that could drive the stock up heard of highs. The Telecom part is already worth 20 times the current stock price.
In the meantime MVTG (now $SGSI) bought 2 telecom engineering firms that have 30 million dollars in revenue, and reported 2.9 mil in net profits combined, and yet the market is still trading the shares with a 2 mil dollar market cap.
Last week they paid 3 mil in cash to buy the second telecom, and scored a 5 mil dollar line of bank credit, that is tied to rotating receivables (it is not convertible debt).
Right now .0090/share, < than 135 mil in floatable shares (the rest are restricted insider officer/director/banker shares)
