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Everyone, I really stated the truth that I was going to go silent. I will update you on Unit 5 in a moment. The Units have been installed by Emerson. They are from a group that were modified I believe at the request of the A Major Oil Company. That Oil Company name was released in the MMTIF reports in the not to distant pass. The installs were from California, to Saudi Arabia and the last Unit 5 in the Gulf of Mexico. Today it has been confirmed that unit 5 ( I Like to say ET Called Home after 10 days ) took longer to report because of its location in the Gulf of Mexico for reasons that have nothing to do with the Unit but the well location.
Every one of the 5 Units installed has performed beyond the Major Oil fondest EXPECTATIONS !! I can not put a percentage as we all know 100% is the best one can do. In the case of the Units if your expectations were not only met but so far exceeded call the success 500 1,000 Percent. Point is MMTIF is the only Entity I know of with 5 Spectacular Proven working Units. The Units allow a Smartphone Type well analytical response any time the Major Oil Company wants to know what is happening in real time with the well any day any time without shutting the well down. Today the monitoring I believe requires the well to be shut down and samples taken. The Samples then sent to the Oil Company laboratory and results come back in whatever a week two weeks? If the testing is not what the Company believes it should be based on other area well results. It must shut the well down to retest. I am not in the Oil Business, but I can only imagine much, very much money can and will be saved by this virtual MMTIF Unit in reporting in real time. For the first time ever ET can and will call Home anytime the Oil Company wants Et at any given well knowing the exact well and the well location. This is success for MMTIF beyond belief and everyone that is involved as Emerson and the Oil Company that in my world will gravitate to other Oil Companies.
The fact is to be a seller at this point of time of MMTIF will prove to be a very Big Mistake.
THe past has been arduous for all MMTIF shareholders. To sell before what I believe based on facts I have knowledge of, before the iminent Break Out will and would be a shame. As I said earlier in a post. Look for a Great Summer, and not the Weather! MMTIF and the MMTIF FUTURE!
A VERY GREAT SUMMER AND NOT BECAUSE OF THE WEATHER. BECASE THEY OWN MMMTIF
Sorry, I truly have no inside information as to how high after what I believe is an imminent compared to the 5 years I have since I became a MMTIF stock owner. This much I can tell anyone. It is a fact for MMTIF to be able to move to the Nazdec, it must trade and close at 3 dollars or more for 5 consecutive days. The other is to trade for and close above 2 dollars for either 40 or 50 consecutive weeks. Getting on the Nazdec opens many doors and possibilities.
Seek the light has alluded to other Oil and Gas companies that will want to use the MMTIF technology. He in my opinion is absolutely correct. I can only share what I know. 5 units have been deployed. 4 have exceeded all expectations. The fist will be reporting witin this next week.
Hope this helps you. This will probably be my last post until the break out happens. There is nothing more I can add.
Except I am not a seller and hope everyone that has purchased MMTIF will have a very GREAT SUMMER!
Ramberts, Just remember, I am telling you and everyone on this Board hold on to MMTIF it is about to Break Out. The fact you are so contrary to Seek The Light and others is why I make my offer. My only conditions, sell me your shares in MMTIF and leave this board but do not ever claim I took advantage of YOU!. You will have to sign an agreement of Understanding to hold me harmless when the Breakout Happens for MMTIF.
The frustration of my own and yours are ending sooner than most could believe. Be my guest and Bail.
By my memory, years ago a Green Mailer took on Disney. The Bass Family put in $950,000.00 into Disney based on Roy Disney, the son I believe. The Green Mailer was paid One Hundred Ten Million. THe stock went up dramatically and the Green Mailer Sued. He Lost.
At that time I only bought a 1,000 shares which I still own. There are many more shares that Disney have become for me through splits and always having the Dividends automatically converted into stock.
This may not be a Disney nor am I saying this.
MMTIF Stock Ramberts, How many Shares of MMTIF would you like to sell as I asked before. I will pay the Friday March 29th Close.
Please do not expect me to make many comments after this post if any. I have told everyone that March would be the Month. In what Micromen has released the 1st installation is working better than anticipated. This is a fact a proven fact I assure all.
Maybe you are aware that construction equipment for a number of years communicate to corporate offices field offices as to how their operating through Satellite communication in real time. Where the equipment is. It's movement the fuel it's using etc. In real time!
Would anybody like to guess how many oil Wells or gas Wells are in virtual communication in real time through a satellite communication as many Large Construction Equipment, even Automobiles, as to their production Etc. The answer as of today is more than one and Micromen is the Company that has proved this technology.
Now as I said in December I would not be a Seller. This is absolutely the same now as I said then. The Race Horse analogy Break out will finally be here for MMTIF. I never speak without knowledge. Whoever gave a smartalic remark when I posted March in December and said what Year. This individual knows nothing about me.
It has been a long road for many. I understand everones frustration including my own. When I posted in December it would be March it has happened. MMTIF is the first with The Company Joe Fuda released the name Chevron. If you kept your stock in mmtif. Hopefully what I am stating that is a proven fact should make you more than happy very soon
Back to my father saying everything happens in March. Think what happened on March 22nd, it also is the date that mmtif has made history with the Oil Well virtual Satellite communication. A brave new era for the Oil Industry has been proved!
I believe as Chuck Yeager did, but it was not known when he Did It. MMTIF has broken the Sound Barrier for the Oil Industry wuth Chevron as Joe Fuda released their name.
Well everyone, it is March 2019 as I said. The ARTRA 171 has been installed as the MMTIF udate states. It is also performing as expected. I would not be surprised if the performance is even better than expected. Again I feel if you are a seller you could be upset that you have in the not to distant future sold MMTIF stock. Chevron needs and wants this technology as you have read in previous MMMTIF releases. I have a five year history of following this Entity.
In a Thoroughbred horse sale, a horse that beaks out for a large sale price is great to be the seller. I sold a horse I had bred for $100.000.00 that I owned for about 50k at the date of the sale. She was a yearling and sold about 5 months later at the two year old in traing sale look e for $1,000,000.00 by the people who bought the filly from me. The buyer named her 7th Street.
Point I am making, I may be wrong but I feel MMTIF is about to break out. I will not let MMTIF be another 7 th Street from my life.
How many shareS would you like to sell aT .0275, THE BASIS AVERAGE over the past week?
I would not be a seller of Microwmen no matter how you are feeling about the PAST.
Everything happens in March as my Late Father would say!
I sincerely believe my Father will be proven CORRECT AGAIN !!!!!!!
In any event, It is Merry Christmas for me. I wish all that have been in MMTIF a lot longer than me the same or whatever you celebrate this time of the YEAR. Most important I wish all a Very Happy Healthy New Year!
May my Dad be correct as I believe.
Everything meaningful in his life Happened in MARCH.
Hang Tight Be Right! I am for SURE!
Does anyone remember North East utilities and micromen. I remember this like yesterday. Now look at PG&E in California. Any transformers and wire failures that may have added to the Tragic Deaths and loss of homes pets very well might have been lessened or avoided. This technology I believe was stopped by our Government for fear of Hacking our Electricity Grid. No idea why if this correct about the US Government stopping the deployment why our Government could not firewall this. Maybe if this is all correct as to what I am saying, will change in the future. The whole fures and losses are beyond sad.
This is just a side thought. Chevron is the main play I believe.
I still have faith right or wrong Chevron will happen with the help of the new advisors broght on board.
I have been told that there is a release on the Toronto exchange from MMTIF that I can not find today. It nentions Chevron and others etc. It was read to me and is public information. I feel if someone can find and post it, it might be helpful to all.
Seems like we may be moving but not as fast as I would like. I have dealt with General Motors. Nothing move as fast in the world GM comes from. I would think Chevron is no DIFFERENT,
Time to hold EM!
FORM 7 MONTHLY PROGRESS REPORT
Name of CNSX Issuer: Micromem Technologies Inc. (the “Issuer”).
Trading Symbol: MRM
Number of Outstanding Listed Securities: 246,100,742
[Date: September 10, 2018
This Monthly Progress Report must be posted before the opening of trading on the fifth trading day of each month. This report is not intended to replace the Issuer’s obligation to separately report material information forthwith upon the information becoming known to management or to post the forms required by the CNSX Policies. If material information became known and was reported during the preceding month to which this report relates, this report should refer to the material information, the news release date and the posting date on the CNSX.ca website.
This report is intended to keep investors and the market informed of the Issuer’s ongoing business and management activities that occurred during the preceding month. Do not discuss goals or future plans unless they have crystallized to the point that they are "material information" as defined in the CNSX Policies. The discussion in this report must be factual, balanced and non-promotional.
General Instructions
(a) Prepare this Monthly Progress Report using the format set out below. The sequence of questions must not be altered nor should questions be omitted or left unanswered. The answers to the items must be in narrative form. State when the answer to any item is negative or not applicable to the Issuer. The title to each item must precede the answer.
(b) The term “Issuer” includes the Issuer and any of its subsidiaries.
(c) Terms used and not defined in this form are defined or interpreted in Policy 1 – Interpretation and General Provisions.
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
The Issuer continued to pursue discussions with existing and potential strategic partners for the use of its sensor technology and to promote the practical advantages of this technology in multiple industry sectors.
The Company has been in contact with Chevron and our engineering team charged with this work, and the project is proceeding as scheduled.
The Company is in current discussion with Repsol and our engineering team charged with this work with respect to the proposed deliverables under the agreement previously executed with Repsol.[color=red][/color]
FORM 7 – MONTHLY PROGRESS REPORT
June 2012
Page 2
The Company has engaged June Ressler, CEO of Cenergy International to provide access, as required, to service related personnel in all areas of expertise in the oil & gas sector; Carmine Pizzuro, President of InspecTech Analgas Group Inc., to work and interface directly with Micromem’s key subcontractors; and, Robert Zittrer, a business consultant with 40 years of experience in accounting and financial services, to advise and consult with the Company’s Chief Financial Officer on all financial reporting matters, and to assist the Company’s board of directors in strategic planning.
2. Provide a general overview and discussion of the activities of management.
The Company was also involved in (a) supporting projects that it has previously announced, (b) the continuation of certain sales and marketing efforts for the commercial oil and gas tracer detection product, to customers outside of its JDA with the existing oil and gas partner and, (c) on-going management of and dealing with our governance processes and regulatory requirements.
3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.
The Company continues to evaluate development opportunities with prospective clients.
4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned.
No products or services were discontinued.
5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.
The Company has entered into consulting agreements with several parties as noted in point 1 above.
6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.
No contracts or agreements expired or were terminated or cancelled.
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the disposition was to a Related Person of the Issuer and provide details of the relationship.
The Company did not acquire nor dispose of any assets during the period.
8. Describe the acquisition of new customers or loss of customers.
The Company continues to develop the scope of its activities particularly with its
FORM 7 – MONTHLY PROGRESS REPORT
June 2012
Page 3
existing client in the oil sector. The Company continues to evaluate new potential opportunities in other sectors.
9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.
The Company continues to evaluate all of its pending patent applications and the decision to continue with the prosecution of such patent applications on a case by case basis.
10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs.
Mr. Steven Van Fleet, who served as President of MAST Inc., submitted his resignation on August 17, 2018. The Board of Directors have accepted his resignation. As noted in point 1 above, the Company has added several consultants to assist it on a go forward basis.
11. Report on any labour disputes and resolutions of those disputes if applicable.
No such developments have occurred during the period. The Company reports accrued wages payable to certain of the management team and continues to address these obligations.
12. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.
The Company has been in contact with Mr. Van Fleet and with Brian Von Herzen, a director of the Company, with respect to go forward initiatives that the Company continues to pursue.
13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.
The Company issued a convertible debenture totaling $50,000 CDN with an interest rate of 1% per month, calculated daily, maturing February 17, 2019, convertible at $0.10 CDN per share respectively.
The Company issued a convertible debenture totaling $50,000 USD with an interest rate of 1% per month, calculated daily, maturing February 17, 2019, convertible at $0.07 USD per share respectively.
The Company issued 1,655,567 shares to repay a total of $35,000 USD of debentures
Chevron Launching Predictive Maintenance to Oil Fields, Refineries
Company aims to have thousands of pieces of equipment sensor-enabled by 2024
By Sara Castellanos
Sep 5, 2018 5:04 pm ET
0 COMMENTS
Heat exchangers at Chevrons El Segundo, Calif. refinery
Heat exchangers at Chevrons El Segundo, Calif. refinery PHOTO: CHEVRON CORP.
Chevron Corp. has launched an effort to predict maintenance problems in its oil fields and refineries, a capability that many companies have been working for years to cultivate and is just now gathering momentum.
Advances in the functionality and economics of sensors, data analytics and cloud computing are behind the rise of so-called predictive analytics, which Chevron executives say could lead to savings of millions of dollars annually.
Working with Internet of Things services from Microsoft Corp., Chevron aims to enable thousands of pieces of equipment with sensors by 2024 to predict exactly when equipment will need to be serviced.
“In the past, we had to figure out how equipment was performing,” said Chief Information Officer Bill Braun in an email. “In the future, the equipment will tell us how it’s performing. This represents a big shift.”
Microsoft’s $5 billion, four-year investment in the sector was announced in April. There will be an estimated 25.1 billion devices connected to the internet by 2021, up from 6.3 billion in 2016, according to recent research from Gartner Inc.
Total spending on IT, including data center systems, enterprise software and connected devices is expected to reach $4 trillion in 2021, up from $3.4 trillion in 2015, according to Gartner.
Chevron CIO Bill Braun says the Internet of Things has “very broad-reaching potential for an industry that is equipment-intensive.”
Chevron CIO Bill Braun says the Internet of Things has “very broad-reaching potential for an industry that is equipment-intensive.” PHOTO: CHEVRON CORP.
Chevron in 2017 signed a seven-year deal to make Microsoft’s Azure its primary cloud provider. The partnership will give Chevron’s engineers access to data in one cloud repository instead of in different silos within the organization, said Mr. Braun. That means it’ll be easier to gain insights from a wider set of data including information from sensors connected to equipment in the field.
“That, we believe, is a competitive differentiator,” Mr. Braun said. Internet of Things has “very broad-reaching potential for an industry that is equipment-intensive like ours,” he added.
In recent years, advancements have been made in the quality and affordability of sensors, as well as the cloud-based platforms required to gather and analyze data being streamed from devices in the field. It’s also become easier and quicker to outfit machines with wireless sensors, whereas in the past, sensors typically required weeks worth of wiring and installation.
Chevron expects to outfit oil machinery with sensors for predictive maintenance by 2019 in a wide-scale pilot program, with full adoption for many of the machines expected by 2024.
Over the past six months, it has worked on a small experiment connecting additional sensors to a few heat exchangers, which are widely used in processing oil and gas. The massive machines, which range in size from large trucks to small buildings, are similar to radiators that cool down car engines, and an unplanned outage could take days to resolve, translating to significant financial losses, said Deon Rae, head of Chevron’s Industrial Internet of Things Center of Excellence.
In the past, two sensors on the heat exchanger would collect information such as temperature of the cooling fluid and the oil flowing through the heat exchanger. But with limited sensor data, Chevron could only know about the current and past state of the machine.
In the experiment, four wireless sensors were put in strategic places along the machine, which captured a wider dataset, including information about temperatures and oil flow. With the additional data and Microsoft’s cloud-based predictive analytics applications, Chevron’s data scientists can predict when the heat exchanger will become dirty and need cleaning, Mr. Rae said.
There are 5,000 heat exchangers across the company’s oil and gas operations worldwide, Mr. Rae said. Over the next few years, sensors and data could be used to consistently monitor the health of the machines in real-time, helping data analysts better predict when it’s necessary to service each of them. That would reduce equipment downtime and unnecessary repairs, he said.
“Savings could be in the millions if you can monitor and predict the health across all of our exchangers,” Mr. Rae said.
By 2024, Chevron aims to have sensors connected to much of the high-value equipment that could significantly disrupt oil and gas operations and create lost profit opportunities if they ever broke down, he said. Such equipment includes compressors that are used to reduce the volume of gas by increasing pressure, and pumps used to move liquids.
“The value creation is going to be from the combination of assets that we can monitor,” Mr. Rae said.
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Does anyone see a connection here with MMTIF Maybe?
I would think these new people will HELP MMTIF. Everyone may know of the engineer that has left but I do not know very little about him. From the post, he was the force to make the product MMTIF has. This does not make him the right person to move the product of MMTIF forward.
My father as you know I have quoted would say, " it is not what you necessarily know but who you know and who they know to move something forward for you.
I looked up June Ressler, and believe she must know the heads of Big Oil Companies that she works with. If I am right, maybe this is what MMTIF needs at this time to get the great products of MMTIF over the goal line for the oil Companies like Chevron ETC and make the world a better place and MMTIF. I pay attention to where she works and what it states about this Individual.
June Ressler
June Ressler, founder and CEO, Cenergy International Services LLC
By: No Author | 12:00am EDT July 1, 2012
Logistics & Industrial Services, Award Recipient
As the CEO of Cenergy International Services LLC, a company she created in 1996, June Ressler leads with her head, closely followed by her heart.
While her training as an attorney has enabled Ressler to manage complex contracts and contractor liability protection for Cenergy’s workplace solutions for some of the world’s largest energy companies, the company’s ultimate success has come from people empowered to communicate and take ownership of their work.
Because of the nature of her company’s business, the people element is critical for Ressler’s placements, her corporate clients and for her employees.
Ressler grew Cenergy from a sole proprietorship in 1996 to a dynamic workforce solutions company that now places more than 1,000 highly trained professionals in locations on multiple continents. The process involves the complexity of client labor contracts, agreements with those placed, liability insurance and, for the logistics and safety divisions, risk management.
Cenergy has logged more than 5 million manhours without TRIR, or total reported incident rate — a perfect safety record in a working environment that is often high-risk.
The company has weathered several energy boom and bust cycles, which have decimated other energy services companies in the past 15 years. Originally based in New Orleans during Hurricane Katrina’s 2005 landfall, Cenergy had no loss in client services despite losing virtually its entire headquarters and needing to quickly establish a new headquarters in Houston.
As a woman-owned business, Cenergy faced other challenges unique to its situation. Ressler met those challenged by providing the right solutions for clients. The company has more than doubled in size the past two years and expects to do the same over the next two years.
How to reach: Cenergy International Services LLC, www.cenergyintl.com
Now look up Carmine Pizzurro
Robert Zittrer
These Individuals are probably what is really needed at this moment to move MMTIF over the GOAL Line.
For what it is worth. If my second guess is correct about an Estate being liquidated it fall bay on my Father. He insisted that no Attorney or Bank would ever handle his Estate. He stated, all they do is liquidate one's Estate and take a fee.
Needless to say, he did not set up his Estate that way. I never questioned my father on this point. My father was a lot smarter than I will ever BE!
My theory is that someone must have a lot of MMTIF and has lost faith as I HAVE NOT and is liquidating. The other possibility is basically the same except someone passed and the Estate found it with a lot of MMTIF and is liquidating.
The The third is none of the previous two. I have bought some of this MMTIF for under 10 cents recently. I have faith the MMTIF ship will find the Treasure in this technology and it will be in the near future. Yes I am an optimistic SOLE!
Now is not the time to dump share in my personal opinion.
It is my belief and I do think I am not wrong. The name Chevron has been out in the past. If I am correct Chevron has completed the testing. This should mean money from Chevron if that is the company should be coming sooner than later. As to the other in the Conference, their orders if in fact Chevron orders come will hopefully follow. I believe the testing is completed. I also believe this fact was in a MMTIF Release somewhere in the not to distant pass.
I believe this will be the month that a large company such as Chevron or others will make their purchase or purchased MMTIF devices. This is my opinion only.
My contact has now left GM. He believed from our last conversation that both Flextronics and Magna were to supply the oil pan plug for different markets. He may be correct I believe
If I am right, many selling this MMTIF Stock for under 10 will regret it. I plan to get active next week and start buying again. I agree with most all on these posts. It is a matter of time and the time is here for the sale to the Chevron Co mentioned in the reports to start,
I do not know what the slow down has been, but the orders that members of this board believe are in place should bear FRUIT ASAP. I have dealt with large Companies. It takes longer to get things done that most are prepared to tolerate when you start negotiations. I am still a firm believer in MMTIF and look to August to be the Break Out Month!!!!!!!!!!!!
Magna using the same Mmtif Oil Pan Sensor az Flextronics I am certain
I posted the look last MMTIF monthly report. It is the first time I saw the Na name Chevron ever on the reports.
Does anyone have any information on the orders that were placed at the Abidabi Conference as to when the money begins to flow. Were there orders placed as I feel there were? Next I am understand from my contact that GM has switched to Magna
For the purchase of the vehicle oil sensors.
I for one feel that things are about to move. I could be wrong but I believe this Company is a good company. The Company had to accept deals that have not produced that upfront money due to in the past, unproved technology. Well from what I read it has been proved and being implemented. Wait, the money will cross the Mahogany and if I am right, we will all smile.
No matter today is a great day with the weather where I am.
My father did not drink but the term had to do with early bars. The bar tops were most all Mahogany. Hence you bought a drink for yourself or someone and the money crossed the Mahogany.
I know from my GM source that was high up in the Corporation, the sensors worked. The money on this and other corporations in the reports that mmtif files monthly must be ready to have the money cross the Mahogany from how I read them.
Hope it is break out time real soon
All the past reports seam to lead to the point mmtif is at which could be a break out and should be a break out. I met with Joe Fuda with a group of investors in Providence RI. I believed in his product and know GM is using the technology to measure oil viscosity and contamination. Have no idea why money has not exchanged hands as far as I can see in the reports I have read. There must from the monthly reports money ready to cross the Mahogany. This was my fathers term as to when money exchanges hands to solidity a deal.
All the past reports seam to lead to the point mmtif is at which could be a break out and should be a break out. I met with Joe Fuda with a group of investors in Providence RI. I believed in his product and know GM is using the technology to measure oil viscosity and contamination. Have no idea why money has not exchanged hands as far as I can see in the reports I have read. There must from the monthly reports money ready to cross the Mahogany. This was my fathers term as to when money exchanges hands to solidity a deal.
FORM 7 – MONTHLY PROGRESS REPORT
June, 2012
Page 1
FORM 7 MONTHLY PROGRESS REPORT
Name of CNSX Issuer: Micromem Technologies Inc. (the “Issuer”).
Trading Symbol: MRM
Number of Outstanding Listed Securities: 238,263,967
Date: July 6, 2018
This Monthly Progress Report must be posted before the opening of trading on the fifth trading day of each month. This report is not intended to replace the Issuer’s obligation to separately report material information forthwith upon the information becoming known to management or to post the forms required by the CNSX Policies. If material information became known and was reported during the preceding month to which this report relates, this report should refer to the material information, the news release date and the posting date on the CNSX.ca website.
This report is intended to keep investors and the market informed of the Issuer’s ongoing business and management activities that occurred during the preceding month. Do not discuss goals or future plans unless they have crystallized to the point that they are "material information" as defined in the CNSX Policies. The discussion in this report must be factual, balanced and non-promotional.
General Instructions
(a) Prepare this Monthly Progress Report using the format set out below. The sequence of questions must not be altered nor should questions be omitted or left unanswered. The answers to the items must be in narrative form. State when the answer to any item is negative or not applicable to the Issuer. The title to each item must precede the answer.
(b) The term “Issuer” includes the Issuer and any of its subsidiaries.
(c) Terms used and not defined in this form are defined or interpreted in Policy 1 – Interpretation and General Provisions.
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
The Issuer continued to pursue discussions with existing and potential strategic partners for the use of its sensor technology and to promote the practical advantages of this technology in multiple industry sectors.
The Issuer has received approval from its multinational energy corporation client, Chevron, on the $175,000 USD payment now due. The Issuer has been advised that the commercial roll out agreement for the Aroma product, with Chevron will be forthcoming.
I believe and hope this is the beginning for MMTIF.
FORM 7 – MONTHLY PROGRESS REPORT
June 2012
Page 2
Subsequent to the ATRA-171 product launch in March 2018, and with 64 proposals submitted, the Issuer continues to respond to potential client interest. As a result, a test installation for an initial order is being scheduled within the next few months.
The Company continues to have available markets and revenue opportunities for its’ RT Lube Analyzer product. The Issuer has received one purchase order in May 2018 and continues in discussions with two additional strategic end users.
2. Provide a general overview and discussion of the activities of management.
The Company was also involved in (a) supporting projects that it has previously announced, (b) the preparation of sales and marketing for the commercial oil and gas tracer detection product, to customers outside of its JDA with the existing oil and gas partner and, (c) on-going management of and dealing with our governance processes and regulatory requirements, including the filing of the 2nd quarter interim financial reports on SEDAR and EDGAR.
3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.
The Company continues exploring new development opportunities with prospective clients and continues to move forward with a number of development projects previously announced.
4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned.
No products or services were discontinued.
5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.
The Company continues to pursue new business relationships with large corporations who are evaluating our sensor technology platforms for their businesses.
6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.
No contracts or agreements expired or were terminated or cancelled.
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the disposition was to a Related Person of the Issuer and provide details of the relationship.
The Company did not acquire nor dispose of any assets during the period.
FORM 7 – MONTHLY PROGRESS REPORT
June 2012
Page 3
8. Describe the acquisition of new customers or loss of customers.
The Company continues to develop the scope of its activities particularly with its existing client in the oil sector. The Company continues to evaluate new potential opportunities in other sectors.
9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.
The Company continues to evaluate all of its pending patent applications and the decision to continue with the prosecution of such patent applications on a case by case basis.
10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs.
No such developments have occurred during the period.
11. Report on any labour disputes and resolutions of those disputes if applicable.
No such developments have occurred during the period. The Company reports accrued wages payable to certain of the management team and continues to address these obligations.
12. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.
The Company did not become a party to any new legal proceedings.
13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.
The Company extended a convertible debenture originally secured in February 2017 that matured June, 2018 totaling $180,000 CDN with a new maturity date of October 5, 2018.
The Company repaid a convertible debenture originally secured in February 2017 totaling $200,000 CDN that matured on June 5, 2018.
The Company issued 230,000 shares to repay $14,725 CDN of a convertible debenture originally secured in October 2017 totaling $310,000 CDN, plus fees. The remaining $295,275 CDN matures October 26, 2018.
FORM 7 – MONTHLY PROGRESS REPORT
June 2012
Page 4
14. Provide details of any securities issued and options or warrants granted.
Security
Number Issued
Details of Issuance
Use of Proceeds(1)
Common shares
Common shares
Common shares
Options
1,562,500
38,295
230,000
2,200,000
Private Placements @ $0.11 CDN
Repayment of Debt @ $0.17 CDN
@$0.07 CDN
Grant of Options @0.13 CDN
$171,875 CDN; repayment of debt
$6,510.15 CDN; payment of interest on debenture
$16,100 CDN; partial repay debt, plus fees
N/A
(1) State aggregate proceeds and intended allocation of proceeds.
15. Provide details of any loans to or by Related Persons.
No loans to or by related persons.
16. Provide details of any changes in directors, officers or committee members.
No changes in directors, officers or committee members.
17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s market(s) or political/regulatory trends.
The Company is attracting interest from a wider variety of large potential customers through its ongoing marketing initiatives.
Certificate Of Compliance
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.
2. As of the date hereof there were is no material information concerning the Issuer which has not been publicly disclosed.
3. The undersigned hereby certifies to CNSX that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all CNSX Requirements (as defined in CNSX Policy 1).
4. All of the information in this Form 7 Monthly Progress Report is true.
MSWM TAX LOSS! IF THERE IS ANYONE LOOKING TO SELL TO TAKE A TAX LOSS THERE MAY BE AN INTEREST HERE. NO IDEA ABOUT THIS STOCK AS TO WHAT IF ANYTHING IS GOING ON OR WILL EVER HAPPEN. LAST YEAR AT THIS TIME WAS THE LAST TIME I POSTED. I NEED A TAX LOSS BEYOND WHAT I HAVE IN THIS. THIS ALL MAY BE ACADEMIC AS I WOULD NEED YOUR CERTIFICATES I GUESS AS I DO NOT BELIEVE THERE IS ANY TRADING ALLOWED. I BELIEVE YOUR SALE GIVES BOTH PARTIES A TAX LOSS. ANY OFFERS TO SELL MAST BE COMPLETED BY DEC 15TH AND YOU MUST HAVE THE CERTIFICATES. CONSIDERATION TO SELL THE STOCK BACK TO YOU IN 2016 MAY BE AN OPTION.
It has been some time since I have posted to any board. I have not the faith I once had for MSWM but the eternal optimist I am. For anyone that wish to take a Tax Loss for this year I will buy your stock for 1/2 cent (one half cent) until my cash is gone. This offer is on a first come basis.
Happy Holidays TO ALL
PLEASE PASS THIS TO WHOMEVER YOU WISH
Do not get caught shorting. Beware 7 years yes but do not get caught in a short position
Do not get caught shorting. Beware 7 years yes but do not get caught in a short position
Chinese New year started, nothing moves I would think until after.
Keep the faith, Just Like Denver, we will score
I TELL YOU NO LIES ASK ME NO QUESTIONS THIS IS ALL YOU GET
The kind of news you are waiting for, is very near. Your patients will be rewarded. Get ready and be ready for the ride like the Boston Sox!
The kind of news you are waiting for, is very near. Your patients will be rewarded. Get ready and be ready for the ride like the Boston Sox!
Hang on your about 4 weeks from when the good times will ROAR!