Mantria Update #6

Mantria Investors were encouraged by Troy Wragg's announcement last Friday of the $100 million system sales Letter of Intent. If this purchase materializes, the proceeds could cover a considerable portion of our collective $30 million dollar investment. Representatives from China, Cowboy Charcoal and other companies are scheduled to visit Mantria Place as well.

Mantria Place is currently operational. The looters Troy mentioned appeared to be interested in any loose metal they could get their hands on. This handywork is typical of drug addicts looking to get the going rate for scrap metal. (The local Civil War battle field parks (ie Chickamagua) have suffered the same fate from looters. I don't think these acts are anything personal.) It sounds like there is still some physical damage to the building.

There are rumors of efforts being made to keep Mantria Place operational into next year. Although Mantria may be facing bankruptcy on their mortgaged property, Mantria does have full ownership of about 500 Acres. Mantria Place is located on this acreage. It may be possible to obtain a loan (from a bank) using Mantria's land as collateral. (We all know about collateral, don't we?) More on this as developments occur.

A committee of 8 investors, one lawyer and one accountant has been set up to review Mantria documents (ie the letter of intent) and to perform other functions. I will post more on this committee as its role and functions are better defined. For now, Mantria Investors are encouraged that efforts are being made to protect our best interests.

Several investors have emailed me with heavy hearts as the holiday season approaches. These are very difficult times for all of us. However, please be assured that none of us are alone. Thru the blogs and contacting our fellow investors, Mantria Investors are well aware that support is available 24/7. This matter has been a terrible way to find out what a good group of people Mantria Investors are! For better or worse, we will continue to face this matter together. And, as Troy announced last Friday, our $100 million dollar letter of intent does give us a "ray of hope".

Mantria Update #5

The poor nationwide weather last week has prevented the prospective systems sales buyers from visiting Tennessee. Also, it appears that the electrical hookup work was finally completed this weekend. The weather forecast for this week looks better and the prospective buyers are scheduled to visit the Dunlap plant. They will be able to view it in full operation.

As mentioned in a previous Mantria Update, there are too many possible outcomes to even speculate the fate of our investments right now. There are many bad rumors and some good rumors out there right now. Mantria Investors will have to sit tight as developments unfold.

I am convinced that Troy and Amanda are motivated to protect our investments. They appear to be sincere about doing everything possible to save our investments. I anticipate that they will come up with as many creative ideas to get out of these circumstances as the came up with when they initiated the Mantria Corporation. (Of course, avoiding serving prison time may be also be a strong motivator for them at this point in time)

The next move belongs to the SEC, Mantria's ability to defend itself, and sales developments.

In the meantime, please continue to create as much "normalcy" in your lives as you can. Let's continue to support each other thru the blogs, regular phone calls, and emails. Also, continue to hold onto some hope.

Mantria Update #4

Mantria Investors is not the only Mantria Blog. Jon Reynolds set up another Mantria blog that has been running for the last three weeks. Please visit this blog also. The blog site is as follows:

www.tillyweb.com/mantriablog/

Jon and I want to coordinate our blogs. So,I will make a post in Jon's blog referring to this one.

Thanks to the recent efforts of Benjaminhadd and Lane Mcknight, Wayde Mckelvy is now working on our K-1s. I am not sure if we can call this "good news". However, this will definitely improve our current worst case scenario with our investments. I am very happy to continue to see productive usage of this blog.

Please consult your tax advisor or accountant to determine how the K-1 will best suit your individual circumstances.

And, let's continue to try to hold onto some hope that we will ultimately recoup our investments.

Response to Questions

The 12/4/09, update indicated Troy would be responding to our questions either on 12/4 or 12/7. Has a response been received? If so, I did not receive. Any additional info on collateral?
Thank you.

Mantria Update #3

Mantria Investors were able to raise enough funds to complete most of the electrical work at Mantria Place. Mantria Place should be fully operational for the potential systems buyers who plan to visit during the next couple of weeks. We will be anxious to hear of any sales activity. I will post any news on the blog as it becomes available.

Please note that Mantria's insurance policy at Mantria Place will expire by the end of the year. Since all funds are currently frozen and the insurance policy is too expensive for investors to cover, Mantria Place may be closed at the end of the year. Either Mantria will have to negotiate with the SEC or the case will have to be resolved to continue operations in 2010.

Our fund (gift) raising and letter writing campaigns have demonstrated that Mantria Investors are capable of organizing. The SEC and the judge are now aware that many investors believe in this technology and that we believe our investments are worth fighting to preserve.

However, the next move belongs to the SEC and Mantria. Both Mantria and the SEC are claiming they are true advocates of the investors' best interests!!! It is now their time to demonstrate this! As of today, there are so many possible outcomes of this situation it is almost pointless to speculate what may evolve. However, we do know that the SEC and Mantria should be capable of reorganizing (as necessary) the core of this operation: The Technology, the Investments and the Real Estate.

In the meantime, we should prepare ourselves to "hang on tight" during the "ups an downs" that this trial may bring us. We have done a good job with the blog so far. This blog alone has demonstrated we have plenty of support for each other and none of us are alone in this matter!

Mantria Update #2

Here are some summarized items from today's phone conference with Troy.

1. Troy said a complete list of responses to recent questions will be sent out today or Monday.

2. Troy said he was not in court last week due to his lack of Money to purchase a flight ticket from Philadelphia to Denver.

3. Troy's annual compensation was $220,000, Amanda's was $150,000 per year.

4. If funds remain frozen, Mantria will eventually go bankrupt.

5. Troy reiterated statements from third party consultants that there are no environmental (ie water) problems on Mantria properties.

6. Troy maintains that funds were used properly.

7. Troy says several systems buyers are coming to Tennessee over the next two weeks.

8. Troy is committed to protecting our investments.

Please note: No mention was made of the status of our collateral. This was the main question (from the bloggers) that I sent to Mantria.