Wednesday, January 16, 2019 1:42:33 PM
Not even sure at this point Mantra Energy survived, as there has been no signs on my end, of life there (but maybe they are quiet because SGSI still owes a pile of money to the folks that bought Mantra Energy from SGSI last year??? Or or regrouping??? Have not looked at the news streams to see if there is any new patent or other signs of activity there. Just been way too busy.
If it did, I suspect the debt collectors on the Mantra side got/had/ and have control of the ME-remains, and so far as I have seen (which is nothing), they lack the prowess that Larry had to fight and promote it (often with no paycheck) for what could have become a billion dollar clean tech that would have put Exxon and GE in their graves in 15-20 years.
That is why the VP of Alstom Power backed and funded Mantra Energy till GE took over and dragged Mantra Energy into near BK.
The fact that Larry has returned zero emails or phone calls in nearly 18 months to any of us, is most telling.
The fact that in the end, Keith and Ponder ignored my advise on Mantra Energy is very telling.
Imho, Larry just ran out steam and money to restart the fire after the GE massacre, and the SGSI backstabing(?) was the final straw. And with money and a paycheck had to move on???
Time will tell.
Is it possible some of the same loan sharks had control of all these companies in 2017-2018 (ICLD/MVTG/now SGSI)?
But it is possible that the Mantra Energy-Mvtg debt holders were not willing to work with Ponder. I suspect that is true? The question is why????
If Mantra Energy was dead and worthless, why did they exit out the back door with and cancel about $500,000 in SGSI debt in return for getting control back of Mantra Energy?
Why did they keep some remaining convertible debt at / in SGSI themselves????
Lets not forget that SGSI has scored excellent bank financing that no one thought possible a year ago, $5 Mil of it based on receivables at prime +2%.
What I find bizarre so far is the self inflicted wounds and attitude by management right along side the positive events and work/efforts they produced.
Was Sands-et-al an unhappy loan source to Mvtg at one time??? If he was, it might explain some things?
All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.
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