Micro Imaging Technology Inc (MMTC)

[Top Penny]

MMTC - MMTC only owes $4200 in back taxes per the most recent 10Q, that amount is probably a lot less by now if not completely paid off. MMTC is on a payment plan approved by the IRS, you are twisting the facts. 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.


-IMHO