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Jeff12406

02/12/15 2:49 AM

#34220 RE: Zippy101 #34219

C'mon zippy.....the co can make a ton just from two wheel vehicles.
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Ecomike

02/12/15 5:41 AM

#34224 RE: Zippy101 #34219

Some industries move much faster than others, like software apps for phones, and smart phones, tablets, and so on. The Car industry is a slow moving dinosaur, and VW's decision was more likely based on the end of a 10 year partnership with Ballard, and was not an overnight decision. VW could still cut a deal tomorrow with MVTG to run trials and partner with MVTG to test and develop future fuel cells for VW for sale 5 years down the road after 3-4 years of field trials. The MVTG fuel cells are not ready for large scale, high capacity large stack, complex car applications with all the safety and engineering demands placed on power in a modern car. MVTG is very close to being ready for small, high volume, rapid to market applications like E-bikes and E-motorcycles where the fuel cells could be adopted in months versus years.

It would be a waste of time for MVTG to foolishly rush just to satisfy impatient shareholders.
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Ecomike

02/12/15 6:57 AM

#34229 RE: Zippy101 #34219

Also keep in mind that the cement industry, LaFarge, and others like the petrochemical industry move very slow!!!!

MVTG needs to make 110% sure that the first MVTG-PP-ERC is a screaming success, the best it can be, which seems to be a moving target, late or not.

Between Dec, 2011 and Summer 2014, the MVTG stock price refelected a 7500-16,000% increase while the Lafarge ERC was delayed for additional R&D efforts that improved the design and lab scale performance by an order of magnitude (10X). The market recognized the value of the increased performance inspite of the MVTG-ERC-LaFarge-PP delays. The market also recognized the value of pending patents being issued..... So delays are not always a negative!!!! MVTG has 5 + 2 pending patents still....

During the 4 year ERC-LaFarge-PP delay MVTG has worked hard to defer the cost of the PP by aggressively improving the design to reduce the foot print and capital cost, and by pursuing partners to help fund the PP, like Alstom-GE (which was a success in late 2013 and took a year to negotiate and close the deal), and like the recent major Canadian grants of about $249,000 to MVTG's R&D...and MVTG has other grant applications pending.... Alstom has already agreed to fund and paid part of up to about $1,000,000 in funds to MVTG since the 2014 year contract started....and that is ongoing, having just entered phase 3 of the contract.

Wasting time is not good, taking time to do things right is not a waste of time!! Rushing to meet an artificial self created target date and making mistakes due to the rushing, is not the way to go!!!!
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drugmanrx

02/12/15 9:41 AM

#34230 RE: Zippy101 #34219

Legos think of Mantra like legos.

Currently you have a company with very limited resources. A few grants and a small deal with Alstom.

Mantra operation are running in a hand to mouth mold. There just isn't enough funds to finance everything they are capable of.

The first set of legos have been laid in building the company.

The base is fortified with IP technology supported by awarded patents, and additionally strengthen by good management and an intelligent working force.

The next layer of blocks are built with the contracts with Lafarge and Alstom, fortified by the Canadian government's faith by providing Mantra with several grants.

To continue building Mantra upward major funds are going to be needed. Mantra management has to determine the quickest easiest way for the company to generate that income.

Once a constant revenue stream is established, there will be no limited to how big Mantra could be built.

The bike battery path is a very logical choice for Mantra next set of legos. It will bring in a steady source of funds. With steady funds in place Mantra's foundation will be complete, and the major building of Mantra structure will follow shortly after.

Unfortunately, the old adage, has proven to be true more often than not "you gotta have money to make money"

Bike batteries will provide the money to make the car batteries, build the ERC plants, and help finances all the other projects Mantra has in it's laboratory.

From there it could be limitless layers of legos.