Jeff,
EcoMike post #19149 deals with your question directly.
Did you read my post #19171. Not that my opinion really matters, but that is how I summarized weeks of my research.
Read my posts here starting in January or so. I am not a pumper or a flipper. I am not in MVTG to flip it for dimes. I am looking for dollars per share…as in more than $2 per share. I usually don’t play penny stocks. I have owned exactly 2 OTC penny stocks in the last 6 years. MVTG is one of them. I am looking for undiscovered companies early in their life cycle that could eventually deliver massive returns on my original investment. I don’t get “married” to anything I buy and I am not into cults. I invest or sell based on the story and circumstances at the time.
I had the advantage of reading posts in here for weeks before buying a single share. I read thousands of the posts here going back years. People piling into this now for momentum aren’t doing that level of research.
A good place to start is early December and read thru end of Jan. That will give you a good recap of the Pros and Cons. There were a couple of very negative posters here for awhile. As a new person to MVTG I actually appreciated their extreme negativity. It helped me get a sense of where the flaws might be with MVTG. In the end, after examining all the evidence I just came to a different conclusion than they did.
I don't feel I am the most qualified person to answer your question directly, because I don't have the history many of these guys who have been longtime holders have. But I will give my perspective. The story is 5 years old. In that time MVTG has never engaged in any of the scams suggested by that connection. I don’t have proof of a redaction. It might exist, but I don’t have a link to it.
Anyway, I found the original story kind of naïve. If I wanted to start an OTC company in Canada 7-8 years ago I would probably have to deal with some of the same people. It’s the same on the NASDAQ where companies like ONVO had to go thru a company like Aegis capital to get listed. I have a large investment in ADXS (via warrants ADXSW). I think ADXS is a massive no-brainer buy compared to INO, but they were also uplisted to NASDAQ by Aegis and had a RS. By the way, I consider what MVTG is doing and their IP property many, many, many times more valuable than what ONVO has right now.
As to what the CEO did or did not do 10 or 15 years ago, I don’t know. From my work history, I don’t really care as long as he is competent at what he does now. I’ll just say this, there are a bunch of stories I could relate of things I have witnessed over the years at various (huge...and I mean huge) companies (by senior executives) but never would on a public message board.
The MVTG business plan as I understand it has always been to make progress to commercialization to about $2 per share, issue another 15 million shares, eliminate all debt (i.e. pay back the people who have been paying the bills the last 7 years) and fully fund additional IP efforts while also enjoying revenue from current sales and R&D efforts at that time. Mantra could then continue to generate IP licensing revenue to $5-$10 per share (which only gives them a MC between $200M to $500M), or else, they will just sell the whole thing to a company like Alstom who would roll out everything under their global umbrella.
If all goes according to plan in 2014 (as I understand it), MVTG might see $2 per share this year at some point. Still early in 2014, but a good start. If the ERC pilot plant gets built starting next month as just promised that will be the 2nd key signal this company is going to be a great investment opportunity. The 1st key signal was revenue reported on the last 10Q from Alstom.
That is the plan. MVTG doesn’t claim they will be the biggest company ever. They know their target market and they know what they are willing to sell their IP and potential for. Seems like a measured, rationale approach to me. They have the technology to go much farther, and may be able to at some point, but for now they are focusing on first things first. I like that.
If you are interested in serious DD on this start with...
Read posts 18236, 18249, 18319, 18365, 18372, 18387, 18453, 18514, 18527, 18574, 18579 (for fun), 18657, 18663, 18676, 18686, 18695, 18758, 18762, 18790, 18812, 18829, 18832, 18853, 18963, 18996, 19151
And for sure read posts 18933 thru 18940 and 19021 thru 19031
Wish you the best.
