Most of us here are not day traders, but long term investors, at least as far as this stock is concerned. Many of us have been here a long time, and we have years of history with this little company, and good reason to keep the faith with this little gem. So when a day trader runs in and screams fire, we tend him hose him down.
I had good reason to suspect this stock was a scam 3 years ago when I first found it, and I posted my concerns then too, but every time I dug deeper and deeper, the more impressed I got with what was and is now under the hood.
If you want to day trade, this stock is nearly useless for about 11 months out of the year, so far at least. But IMHO if we ignore the Lafarge pilot plant start up delays, this company is worth far more today, than it was 3 years ago, and the stock OS is still very small. Larry, the CEO of MVTG has worked very hard, using his own blood, sweat and cash along with investors to keep the core technology under our control, and to keep the OS count low, and not to sell off the core technology for chump change, like 3M tried to convince them to do a little over 2 years ago.
If you look at the history (like the SEC letter filed by 3M's VP of Technology about 3 years ago, filed with the SEC announcing their JV development intentions), you will see that big money knows MVTG has the real McCoy. But when you are little, and have very little cash, you need to take small, carefully measured steps less you get stomped on by the elephants in the room.
And that takes more time, than a company flush with cash to throw around takes. I invested in other start ups that were flush with plenty of cash, and got burned as the staff lined their pockets with the cash and failed to pay enough attention to details. Larry is paying very close attention to the details on this one, and this is a real technology opportunity!!!! It is not a typical penny scam operation with no real technology, or no real substance behind it, but it is instead a real honest effort to make a cutting edge new technology start up with a future.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
