I found a good reality check tonight by gantor50 in his post on MVTG versus Plug:
$MVTG From Gantor50 on the other blog:
Quote: Speaking only for myself, I really wanted to see more revenue booked the last 6 months (the last 2 quarterly reports). I had hoped for another $200K to $300K in total. But I realize from the original Alstom 8K my expectations were not realistic based on the previously communicated phase totals. So far MVTG / Alstom are hitting the numbers pretty much spot on as agreed upon in the original 8K. If Phase II ended and Phase III has started, we should expect another $300+K or so thru the end of Phase IV. Then Phase V is open ended and the amount could be anything, and I assume this will depend on progress and results this year from the previous phases. We will see what the coming quarters bring.
- The above matters because I remember when critics claimed last December 2013 that MVTG would never see $1 from the (at that time) recently signed Alstom collaboration. So here we are $300+K later and still counting and heading towards an amount I am expecting to exceed $600K or so before we get to Phase V…which is really the stage that should result in commercialization (if the previous phases are successful).
- The recently announced Grants should help with funding in 2014.
- At this point it appears the vast majority of the ERC and MRFC demo work was already paid for and completed over the last 8 months. According to the CEO update he gave us in December next up should be more details about the ERC and MRFC demo progress. Looking forward to more information on this.
- Every 10Q there appears to an exaggerated emphasis by some on the boilerplate warning language. Here is an example of what an ugly 10Q statement looks like...
Quote:We have experienced and continue to experience negative cash flows from operations and net losses attributable to common shareholders. We incurred a net loss attributable to common shareholders of $81.5 million for the nine months ended September 30, 2014, and net losses attributable to common shareholders of $62.8 million, $31.9 million and $27.5 million for the years ended December 31, 2013, 2012 and 2011, respectively, and we have an accumulated deficit of $930.9 million at September 30, 2014. Substantially all of our accumulated deficit has been incurred in connection with our operating expenses, research and development expenses, and from general and administrative costs associated with our operations.
That is from PLUG on their recent 10Q.
- Reflecting on the above, I think it is pretty incredible that MVTG has been an OTC company during the same period and appears to have done a much better job protecting shareholders than some of the more well known names in the alternative energy space.
$MVTG From Gantor50 on the other blog:
Quote: Speaking only for myself, I really wanted to see more revenue booked the last 6 months (the last 2 quarterly reports). I had hoped for another $200K to $300K in total. But I realize from the original Alstom 8K my expectations were not realistic based on the previously communicated phase totals. So far MVTG / Alstom are hitting the numbers pretty much spot on as agreed upon in the original 8K. If Phase II ended and Phase III has started, we should expect another $300+K or so thru the end of Phase IV. Then Phase V is open ended and the amount could be anything, and I assume this will depend on progress and results this year from the previous phases. We will see what the coming quarters bring.
- The above matters because I remember when critics claimed last December 2013 that MVTG would never see $1 from the (at that time) recently signed Alstom collaboration. So here we are $300+K later and still counting and heading towards an amount I am expecting to exceed $600K or so before we get to Phase V…which is really the stage that should result in commercialization (if the previous phases are successful).
- The recently announced Grants should help with funding in 2014.
- At this point it appears the vast majority of the ERC and MRFC demo work was already paid for and completed over the last 8 months. According to the CEO update he gave us in December next up should be more details about the ERC and MRFC demo progress. Looking forward to more information on this.
- Every 10Q there appears to an exaggerated emphasis by some on the boilerplate warning language. Here is an example of what an ugly 10Q statement looks like...
Quote:We have experienced and continue to experience negative cash flows from operations and net losses attributable to common shareholders. We incurred a net loss attributable to common shareholders of $81.5 million for the nine months ended September 30, 2014, and net losses attributable to common shareholders of $62.8 million, $31.9 million and $27.5 million for the years ended December 31, 2013, 2012 and 2011, respectively, and we have an accumulated deficit of $930.9 million at September 30, 2014. Substantially all of our accumulated deficit has been incurred in connection with our operating expenses, research and development expenses, and from general and administrative costs associated with our operations.
That is from PLUG on their recent 10Q.
- Reflecting on the above, I think it is pretty incredible that MVTG has been an OTC company during the same period and appears to have done a much better job protecting shareholders than some of the more well known names in the alternative energy space.
