Micro Imaging Technology Inc (MMTC)

[Dan321]

Of course it's in the 10q. The put warrants ( that's what they are called when issued by a company) were included in the contract as part of the deal. All it is is a hedge against the pps going down for the buyer, who is Dutchess. This explains it: A warrant is like an option. It gives the holder the right but not the obligation to buy an underlying security at a certain price, quantity and future time. It is unlike an option in that a warrant is issued by a company, whereas an option is an instrument of the stock exchange. The security represented in the warrant (usually share equity) is delivered by the issuing company instead of by an investor holding the shares.

Companies will often include warrants as part of a new-issue offering to entice investors into buying the new security. A warrant can also increase a shareholder's confidence in a stock, provided the underlying value of the security actually does increase over time. Nothing shady as far as I can see. MMTC