InvestorsHub Logo

mrfence

09/06/16 7:09 PM

#6214 RE: TechKim #6213

Not sure what sort of marketing you're referring to. Magnegas for welding currently makes a profit with marketing as built in expense, and distributors are paying 50% up front for manufacturing of machines to produce the gas. In fact the final installment is due soon on one of them. That distributor has indicated they want two, or three more upon completion of their first one so will be looking at final payment plus two or more down payments so will be looking at a check for over a mil :-)

Upon co coal combustion approval I believe you'll see a line forming for the product technology with the same formula: Down payment, and progress payments plus residual fee's because clean coal technology is a myth/urban legend without magnegas ;-) https://en.wikipedia.org/wiki/Clean_coal_technology

A USDA grant to build a waste processing plant for pig farms will finance itself, and it will not take much marketing to tell the pig farmers where the new dump is, LOL! In fact I believe the USDA will be marketing that one for us :-)

Perhaps there will be some marketing expense to promote septic sewer waste processing units upon approval by the State of Florida but IMO they'll sell themselves if they're produced at a cost competitive with the installation of a septic sewer system that includes/requires a holding tank (I believe most, if not all jurisdictions require a holding tank).

These markets are all bigger than the welding gas market. The reason the welding gas market was attacked first is because it was the easiest one/least regulated to get started in, and prove the product really works.

I made money on this issue before it was ever listed on the NAZ (a pink sheet issue) and have been checking in over the years on the long term progress. Their plan was to break into the welding market first, and they've accomplished that with a sustainable proof of concept according to the most recent earnings analysis.

The time I've been waiting for is here with the company expecting approvals in 3 other sectors near term. It's about to get real REAL @ MNGA :-)