InvestorsHub Logo
icon url

drugmanrx

04/21/17 9:38 AM

#60667 RE: Zippy101 #60665

Because the economic conditions for funding technologies such as Mantra is much different now then then.

We hear the same thing every year. What makes you or anybody else think things will be different this time?




Quote from Robert Adamson former president of the CMC

At CMC last year, we were concerned it was going to take a significant period of time for those high level government policy declarations to make it into funding programs to support real activity. We looked at our remaining budget and our burn rates at the time and estimated it would be Christmas 2016 before there were substantial amounts of funding flowing associated with those programs. So we downsized in December 2015 in order to cut our burn rate. It was painful, it was really painful for everybody, but we are now seeing significant funding calls coming out from the federal government and we are responding to those calls with proposals and we are going to be in good shape on some of those project proposals to generate revenue from major projects.

icon url

Ecomike

04/21/17 10:03 AM

#60670 RE: Zippy101 #60665

Zippy, it has been a rough 2 years, and I have been very ill much of that time, and many things were a bit foggy about news from that period, but this week I have been reviewing several items and I now see a clear picture and believe that $MVTG is back on track and has all her ducks in row on the newer version of the syn gas ERC reactor Pilot Plant, with the location, partners, and Canadian government funding all lined up, for an ERC that has way more market potential and commercial potential than the early IPO Formic acid ERC had, or the latest 2012 improvements have.

If you look at the CCCI subsidiary of CMC and NRcan info posted here in recent weeks and the fact that CCCI has confirmed to us that they have applied for a $2 million dollar grant to Canada, who announced a 1.4 Billion dollar boost in Canadian funding weeks ago for Green clean energy technology infrastructure funding, including R&D, and the past conference paper presented by Sonia at MVTG, which by the way has the GE logo on it as an MVTG partner, and shows the newest most improved MVTG ERC producing syngas out of waste CO2 carbon dioxide, and then shows the syn gas ( 30 Billion dollar annual market) being converted into synthetic sulfur free diesel fuel, ready for sale and use, you can see that MVTG has not been yanking our chain the last 2 years. The $MVTG syn gas ERC reactor was only possible after MVTG partner Alstom paid MVTG $600,000 to develop and test and prove out the new ERC catalyst for making syn gas out of CO2 carbon dioxide using the MVTG issued patent protected in 7 countries, ERC reactor. Then just as Alstom was about make the Eurozone pilot plant happen, GE bought them, and things some how got fouled up (Europe does not like GE, and that poisoned the grant application IMHO).

But from the paper below we can see that GE continued with MVTG as the logo is on that conference paper that GE also co-presented at. And way back then, Sonya mapped out the new $MVTG pilot plant that CMC's CCCI group is getting Canadian funding for.

Canada has already funded about $1 million dollars into parts of the $MVTG-ERC tech over the last 10 years and let UBC and Professor Colin Oloman sell the patent applications to $MVTG and $MVTG investors have since spent over 10 million dollars doing additional patent work and R&D and commercialization promotion efforts to get the technology to market, so with all the recent Canadian government fan fare with taking $MVTG to China, and so on that we have seen in recent news why would Canada not fund the MVTG-SynGas-ERC pilot plant now?

http://cmcghg.com/wp-content/uploads/2015/12/20151127-CMC-Mantra-Presentation-Kazemi.pdf