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camelion

04/05/23 10:55 AM

#139114 RE: MrYing #139113

My understanding of it New Vac Tech owns the tech and sub-licensed it to NJPP and installed a MVU unit in South Jersey. NJPP and CMGO have a JV agreement.

“While visiting the terminal, a stream of equipment was being delivered. The state-of-the art facility is moving forward extremely well, with excellent progress noted.
https://ca.finance.yahoo.com/news/cmg-holdings-ceo-glenn-laken-120000134.html

Glenn must of known this before investing in JV. Please share the name of the company that left investors in the dark.

GrauGringo2

04/05/23 1:18 PM

#139115 RE: MrYing #139113

I have not seen the technology and don't think any if many who posts here have. However without divulging my sources I think the technology is old. Has been used or something very similar by Russian oil companies. Maybe modifications made to navigate around patents, stacked or otherwise. So I cannot say if it works or not, just that it won't create a revolutionary income. Larger players would have an equivalent or buy it immediately. Clean De-sulfuring sounds good and it is needed especially in the marine industry. Belief in $CMGO making something out of it is the big punt.