MVTG and partner GE discussion
Post# of 848
You are right, the good news is the MVTG-MEA CEO concluded that it was time to replace GE and that MVTG first needed to stop the share price collapse so the money folks funding MVTG decided to buy AWS from Icld and add a growing revenue, high gross margin operating firm to the MVTG-MEA mix to firm up and rally the stock price first.Part of that deal was to move several million dollars in what was convertible debt over to preferred shares and take MVTG from a negative to a positive common stock equity situation. MVTG is currently working on cleaning up the patent IP protection status and sniffing around old suitors that courted MVTG-MEA in the past like Siemens, 3M, NORAM, La-Farge, and they are still on track according to my sources for the Canadian NRcan-CCCI syn gas pilot plant funding that the new Canadian leader is pushing for, namely to move to CCU of CO2 ( the MVTG MEA solution) instead of sequestration of CO2 as the solution to solving the CO2 greenhouse problems
Their first focus is get the stock price up, pay off Icld for the purchase of AWS, and to grow MVTG-AWS sales and profits as fast as possible.
I found out last week from Keith and Ponder, historical public info, that AWS has in the past sold, and installed solar-battery and fuel cell back up power systems on cell towers as part of their routine cell tower telecom engineering construction operations. MVTG's two sister technologies, when combined, are a new generation of electro-chemical power back up power systems that cycle CO2 as a salt!!! I will be shocked if they do do pursue SBIR grants from several agencies and partner with their customers AT&T and Verizon to demo the first MVTG-MEA energy storage system