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Tuesday, April 09, 2013 10:30:10 PM
MVTG rally time? See the chart below:
From a chart perspective, you might find this one interesting. Note that MVTG was on a long rally for 15 months before the recent low volume pull back, and the indicators are resetting while the OBV is staying in orbit. No one is really letting go of shares. There is good reason for that. The actual tradeable float is somewhere under 10 million shares, only 30 million new shares issued since 2008, 50% of the 50 million share OS is held by insiders, 40% held by the CEO. Two international patents have been issued (during the rally), one for a chemical reactor that converts CO2 into formic acid. The other for a new generation of fuel cell that uses formic acid, and has a lower cost to build than current fuel cells. MVTG is in the final design stages (Google NORAM and MVTG PR) and about to start construction of a million dollar pilot plant at Lafarge (8 billion dollar cement company, Google them), to convert the CO2 emissions from roasting limestone to make cement, into formic acid worth $1500/ton. Expected RTO on full sized plant is 20%, The product will be profitable!!!
From a chart perspective, you might find this one interesting. Note that MVTG was on a long rally for 15 months before the recent low volume pull back, and the indicators are resetting while the OBV is staying in orbit. No one is really letting go of shares. There is good reason for that. The actual tradeable float is somewhere under 10 million shares, only 30 million new shares issued since 2008, 50% of the 50 million share OS is held by insiders, 40% held by the CEO. Two international patents have been issued (during the rally), one for a chemical reactor that converts CO2 into formic acid. The other for a new generation of fuel cell that uses formic acid, and has a lower cost to build than current fuel cells. MVTG is in the final design stages (Google NORAM and MVTG PR) and about to start construction of a million dollar pilot plant at Lafarge (8 billion dollar cement company, Google them), to convert the CO2 emissions from roasting limestone to make cement, into formic acid worth $1500/ton. Expected RTO on full sized plant is 20%, The product will be profitable!!!
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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