Larry, and most penny stocks, hell probably most all stocks and CEO's do not like to PR bad news it seems, or even neutral news, or minor news. For example you will not see PR's by 3M, or MVTG regarding the dissolution or parking on the shelf of the prior R&D deal they had 2-3 years ago (the one 3M apparently tried to turn into a cheap buy out of MVTG deal from what I can gather). They simply will not risk a liable suit, by publicly saying (especially in a PR, in writing) what they might be thinking about the other party. The PR system simply moves on to the next story of the new cute kitty! LOL
While I may not like it, it is what it is. In my last chat with MVTG, I got the impression they are still making progress (meaning they have not abandoned the LaFarge Pilot plant deal), but they are not moving as fast as we would like, no doubt. I did get the impression they miscalculated one thing (Not the ERC system itself, the other stuff), and figured that out before they commissioned and built the entire PP (That is a good thing, but it left us sitting here while the stock price fell for 6 more months, so it is a mixed bag, good if you wanted the chance to buy more shares on sale), and so they went back to the drawing boards, which delayed everything by many, many months. At least that is the impression I got (which made sense to me), and it is not something they would ever PR, as it has no PR value.
I also got the impression they want to increase the stocks visibility significantly, before they make any major significant announcements. So I suspect we will see "other" PRs, before we see the one we are all waiting for. I have no idea how much longer this will take, but I will keep my shares, and buy more each time the price drops to new lows until the big news arrives. Then we will see what happens. Keep in mind this is a small start up company trying to commission, fund and build a first of its kind $500,000 pilot plant, so you can not spend too much time dotting the eyes and crossing the Tees, on the construction design, contracting, and financing. The good news is that they have one of the top electrochemical engineers in the world involved in the middle of it, the inventor of the MVTG ERC technology, Colin Oloman.
By the way did you all notice my post last week on the newly issued patent on the formic acid fuel cell, issued to our MVTG ERC process inventor, Colin Oloman? A good sign that the ERC patent will be approved and issued world wide! Nothing like betting on a horse with a winning track record!
By the way, funding and building that PP at Lafarge is not the only cost hurdle here, all those overseas patent examinations have huge attorney and examiner fees, upfront fees to pay when moving into the examination phase, so Larry must be gathering funds here and there to cover the costs, or MVTG could not have prepaid that huge bill. Ask me how I know!!!!! LOL
At least Larry tossed us a few bones the last 2 weeks!!!! LOL Who knows maybe we will get the entire BULL next?
LOL
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
