Micro Imaging Technology Inc (MMTC)

[Top Penny]

Received word back on the patent, just as I suspected, MMTC holds the patent, now I want even more MMTC! See the following...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The litigation with Divine Capital and the related parties has been settled in September 2009 and published as a "Subsequent Event" in the company's 10-Q filed for the period ending July 31, 2009 (wording provided below).

On September 8, 2009, the Board of Directors approved a settlement of the May 2009 litigation brought by purchasers of the Company’s convertible debentures whereby the Company will issue 5,889,997 shares of unrestricted common stock to the debenture holders in full satisfaction of all claims. The settlement is scheduled to become effective by the end of September 2009

The following patent assignment also indicates the settlement.

http://legacy-assignments.uspto.gov/assignments/assignment-pat-23731-245.pdf