That just means they still owe Professor Colin Oloman several years of license fees (based on the last SEC fillings). Once Larry finds and scores a new partner for the energy storage combination Ponder would be a fool not to make a deal with Colin for the renewal ( and back payments) and visa versa. Money talks!!!! LOL If Colin had anyone hot to license the fuel cell last year, he would have run it through Mantra as bait to get paid the past due license fees (and would in the future imho).
The real $$$ juggernaut for Mantra Energy is the ERC-Syn gas reactor tech (as UK-has said repeatedly here) the one they developed inside of Mantra Energy with Alstom Power, anyway. 30 billion dollar a year existing market for that syn gas made from waste CO2 carbon dioxide!!! That is 30 times the size of the formic acid market for now.
The second major deal they have is the energy storage, which needs the fuel cell (they own the other half), so if Larry scores a deal using the ERC half that Mantra owns, they will just renew a deal on the fuel cell that Colin owns the patents on. But I also know that the improved MRFC fuel cell, improvements that boosted the fuel cell performance were done in house at Mantra Energy, the term is "shop work" and Mantra owns those improvements that improved the patented version 10 fold in performance because they paid for work that created it, so we, Mantra Energy, own those improvements!!! So I don't care what the 10-K says.....
What matters, is Larry has time now to nail down a new, quality, not rushed, long term deal with a replacement for Alstom Power, our prior partner, who GE hijacked from us :(
The ERC-reactor is one that could easily generate massive license fee cash flow with out needing to fund manufacturing, manufacturing and production version R&D, and marketing costs that killed Ballard Power and Plug shareholders with billions in losses the last 40 years.
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