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Re: cottonmather post# 93434

Saturday, 11/22/2014 12:02:17 PM

Saturday, November 22, 2014 12:02:17 PM

Post# of 113924
It's funny you claim MMTC has not filed taxes since 2011 yet they only owe $4200 in back taxes per the last 10Q, that amount is probably a lot less by now if not completely paid off. There is no lien on the patent, the lien is no longer valid as was decided in court, look it up, its on the web for the whole civilized world to see. The listeria certification is not lost, I know this per my conversation with Mr. Nunez, the renewal fee simply needs paid at the AOAC, its no big deal, MMTC can pay the renewal fee at anytime. As far as dilution is concerned, the company hasn't diluted at all for the last month, hence the increase in the share price. The O/S is less than 10 million, the A/S is only 25 million. MMTC has been very conservative in their issuance of shares. Insiders own the majority of the float. Let's stick to the FACTS here. Try reading the filings filed with the SEC sometime, that will set you straight. See the following from the most recent 10Q...

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A Notice of Tax Lien for a portion of the taxes due was filed by the State of California on November 9, 2012 in the amount of $8,206, including penalty and interest. In October 2013, the California tax authority levied the Company’s account in the sum of $13,807 with an additional levy of $5,451 in November 2013. On December 17, 2013, the Company entered into an installment agreement with the California tax authority to pay $304 per month commencing January 27, 2014. A total of $1,518 was paid under this arrangement when the Company failed to make required monthly payment in June 2014. On or about July 14, 2014, the State of California levied the Company’s account for an additional $1,132 and the estimated remaining balance of $4,200 remains due to the state.