The MVTG ERC has not been pushed to the side, only delayed while the staff examines recent deals/offers that arrived recently that may speed up commercialization and profitability of the MVTG ERC, and may reduce current and future funding costs long term in a huge way, on the ERC pilot plants enough to avoid any dilution of existing shareholders or reduce future dilution in a big way (which you must agree is what we want?). That is clear to me from my past experience with MVTG and from the recent MVTG PRs.
If you had a choice between waiting 1-6 months for a multi-million dollar grant to fully fund a German ERC
(or another as yet unknown offer on the table under an NDA that MVTG can not disclose yet, keeping in mind this happened already with LaFarge and Alstom and MVTG in the past)
that has more profit potential at the commercial scale than Lafarge cement...., and a better chance of getting fully funded and built by the Germans
(they have far more money than LaFarge and the French, in fact for all we know GE is getting in on the deal now since they are buying huge parts of Alstom and have partnered up?),
and thus avoid selling new shares of MVTG right now, versus selling new shares at 66% off the recent 52 week highs just to satisfy day-traders that only want to sell and flip news anyway
(i.e. they do not care about the company or technology getting market like I and other major longs do).
Note that Larry held off selling new shares in 2012 and 2013 when retail was at .06, and also had a cash problem, and yet the news feeds got the stock to .47 and later .75 that allowed him to raise cash at prices as high as .40 just 8 weeks after the stock had traded and bottomed at .06
Keep in mind just 2 years ago, the fuel cell was parked on the shelf, gathering dust as a patent application. It only went into the serious product development stage about 6 months ago. Now it has the potential to fund MVTG (with real product sales) faster and sooner than the ERC as it will cost far less to build early product demo units and early production than the ERC Pilot plants. MVTG has been trying to get major Canadian grant funding for the ERC pilot plant at LaFarge and for all we know that could happen any day :-) , based on the recent PRs showing that MVTG has landed $749,000 in Canadian grants recently, which is about 50 times what they got the last 8 years out them. In other words the Canadian Government groups have shown their willingness to do serious MVTG ERC funding recently, so maybe there is a larger grant pending that will solve the MVTG cash/ERC costs issues as well. Larry has demonstrated great restraint in issuing shares for 8 years now, as the OS has only gone from about 25 Mil to about 71 million (71-25= 46 mil added or about ) in the last 7 years or about 6.5 million shares per year issued. 6.5 added to 71 is not even a 10% increase at this time!!!!
I have been trying to tell folks here for 2 years now, and Larry that the fuel cell needs to be pushed to market as fast as possible. I am not the one focused on the ERC, the MVTG-Bbashers~ are and some longs are, but I see the fuel cell being profitable first, unless there is an early buyout of the ERC, or MVTG, which is also possible. Or perhaps Ballard or Plug would buy the fuel cell and fund MVTG for several years to focus on the ERC.
Ballard has been recently buying and selling fuel cell patents!!!!
Also look at the 2013 Nov-Dec 8-K MVTG-Alstom contract filed with the SEC. It shows stage 5 funding of the Alstom-MVTG ERC for the new product (German ERC?), with no upper limit on the Alstom share of the budget!!!!!!! the ERC that will not be making formic acid out of CO2, but IMHO will be making syn gas (much bigger and more profitable market than Formic acid), and that project is well into stage 3, and stage 4 is a short term stage 5 budgeting stage and data analysis stage (stage 3 is last of the lab R&D that was only funded because stage 1 and 2 were a huge success). We could be funded and entering stage 5 this summer with Alstom....
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