I think MVTG can do far more with far less cash and do it faster with the fuel cell right now, and last years huge rally from .06 to .75 was started by the fuel cell news and my posts on seeking alpha that woke up PLUG and BLDP and FCEL billion dollar market cap fuel stock shareholders to what MVTG has in the fuel cell!!!! In fact several of them read my DD posts (one credible poster can make a differance) and they ran MVTG from .10 to .47 in weeks on a buying spree, and then they bought private placement shares of MVTG that funded MVTG last year. One poster with my DD can make a huge difference with out PR news :-)
The plan has always been to try and minimize share dilution and costs of the ERC pilot plant. MVTG and Alstom have been trying to get government and customer funding to pay for the pilot plants (start to finish, including the maning, operating, utiity, and lab costs) since day one. The recent US DOE grant, if nothing else, along with the recent 749,500 in Canadian grants to MVTG proves that MVTG and Alstom can get the grants and thus avoid MVTG share dilution.....That has been part of the multi year ERC delay. In the mean time, when MVTG had enough cash they worked on and produced improvements to the MVTG ERC and Fuel cells.....
With a little luck we may see a 100% 4-10 million dollar pilot plant funded 100% by others added to the the MVTG story. It could be the Bavarian brewery which is already at the LOI stage (completed) and or the US DOE-Alstom deal (Alstom has an award for 16 million) or others...???? Or all of them????
LaFarge is not dead, and could still be the first primary demo site, but from what I think I know, Larry must have some new, recent, huge cost saving offers on the table that have them thinking of doing an alternate site sooner than Lafarge (using the reusable mobil Pilot plant current intented for Lafarge) and for far less cost to MVTG (less or zero cost in shares to stock holders) than LaFarge. But until Larry has all the facts, and selects the site to do first (and others like Alstom may have a say in that decision, which takes time, two to three heads, MVTG, LaFarge and Alstom-GE move slower than one, especially one the size of Alstom-GE!!!) we must wait a few more weeks or so for a decision from MVTG to see what they decide to do regarding the best ERC pilot plant to deploy first.
But I think both technologies are in 100% full steam ahead mode right now.
News 
Market Data 
Discover 
