is...single
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Nice buying ongoing at .0055. Only 195K left and then .0058
.0055 x .0058
.005 x .0058 3x1 High of .0058
.0049 x .005 Buying at .005 just started
capted... I have inquired and I can tell you there are no plans to do a reverse split. Again, if you want some answers, pick up the phone and call the company instead of trying to sell your boats and sites on this message board.
As I recall from an earlier post, you had not submitted any proposal to the company... have you?
.0049 buys coming in.
capted... the more you post, the more I see your efforts here are to undermine this stock. Below is from the company's website and I believe the company is finally close to making some great strides.
UnderSea Recovery Corporation Management and Associated Professionals
Officers
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Herbert C. Leeming, CEO & Director
Mr. Leeming founded UnderSea Recovery and has served as its Chairman, CEO and President since 2005. He also founded Admiralty Corporation in 1988 and currently serves as its Chairman, CEO and President. Mr. Leeming has been integrally involved in all organizational and operational aspects of UnderSea Recovery. Prior to his founding Admiralty in 1988, he was active in oil and gas exploration and production, energy management, real estate acquisition and financing. Particular areas of expertise relate to his ability to supervise and coordinate major business transactions. Mr. Leeming has been instrumental in assembling the pieces necessary for the success of UnderSea Recovery and has also served as a liaison between corporate management and the legal, accounting, financial, governmental and academic communities. He has held senior executive positions with numerous companies. Email: leeming@UnderSeaRecovery.com
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James W. Larsen, Chief Technology Officer, Sr. VP Research & Development
Mr. Larsen is the Chief Technology Officer and Senior Vice President of R&D. He has been associated with the Company since its inception and has worked with Mr. Leeming for the past 22 years. Mr. Larsen was previously a Senior Research Scientist with the Georgia Tech Research Institute and with the Georgia Institute of Technology's Underwater Research Programs Office, where he had been employed from 1981 through 2008. He holds a Master of Science in Physics, a Master of Science in Electrical Engineering, and a Bachelor of Science in Applied Mathematics. His research experience covers a wide range of subjects, including projects involving saltwater environments and advanced remote sensing applications. He is the holder of several patents concerning unique sensors and systems, including 5 covering the ATLIS® technology licensed from Admiralty Corporation. Email: jlarsen@UnderSeaRecovery.com
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Bobby Goldman, VP Business Development
Mr. Goldman has been associated with the UnderSea Recovery since its inception and has been associated with Mr. Leeming for the past 43 years. He graduated from the University of Miami (Coral Gables, FL) and for 34 years had been employed by Sonnenblick-Goldman, a 111-year-old commercial and industrial real estate brokerage firm specializing in financing, sales and joint ventures. During the past 30 years, Sonnenblick-Goldman had completed more than $75 billion in transactions through its regional offices in the United States. Email: bgoldman@UnderSeaRecovery.com
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Robert A. Fisak, VP Operations
Mr. Fisak founded and was president of a security consulting company providing business and legal support. Mr. Fisak served as an officer in a telecommunications company and was also employed by the Federal Government for 23 years. He held various research and operational positions in the Treasury Department and at the Board of Governors of the Federal Reserve System. Prior to his Federal civil service, he was an Officer in the U.S. Army, served two tours in Vietnam and completed other assignments in the United States and Europe. Mr. Fisak graduated from the University of Maryland with a BA in Economics and continued his education with postgraduate studies at George Washington University. He has been associated with Mr. Leeming for the past 15 years. Email: rfisak@UnderSeaRecovery.com
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Robert W. Schwab, III, VP Historical Research & Project Evaluation & Analysis
Mr. Schwab is a graduate of Williams College and the American Graduate School of International Management. He has been associated with UnderSea Recovery since its inception. An expert in international affairs, Mr. Schwab has engaged in many sensitive and significant international issues, primarily in Asia. He participated in the recovery of the treasure wreck Atocha and in the expedition to find and excavate the Somers wreck. Mr. Schwab was also active in a marine search and recovery project in the State of Florida, and is engaged in ongoing treasure salvage research in Southeast Asia and The Philippines. He has been associated with Mr. Leeming for the past 30 years. Email: rschwab@UnderSeaRecovery.com
--------------------------------------------------------------------------------
Archaeologists
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Kenneth J. Vrana, Historic Shipwreck Management Specialist
Mr. Vrana is a nationally recognized expert in the scientific research, strategic management, and sensitive development of historic shipwrecks for applications in heritage tourism. His unique academic training and broad professional experience in the fields of parks, recreation and tourism, and underwater archaeology spans more than 31 years in government, academia, and the private sector. During this time he has logged nearly 1,000 operational and scientific dives utilizing advanced undersea technologies. Special assignments included being the project coordinator for the first civilian expedition to the Edmund Fitzgerald in 1989. He was the consulting underwater archaeologist for Titanic Expedition 2004 and Carpathia Expedition 2007. He is author and/or editor of over 75 academic, technical, and popular articles dealing with historic shipwrecks, underwater archaeology, recreational scuba diving, maritime heritage management, coastal and heritage tourism, marine parks and protected areas, and heritage education. Prior to joining UnderSea Recovery, he was president of Archaeology & Maritime Heritage International, LLC and the nonprofit, research and educational organization Center for Maritime & Underwater Resource Management.
--------------------------------------------------------------------------------
Attorneys
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Steven A. Cunningham, In-House Corporate, Legal & Securities Specialist
Steven A. Cunningham, age 59 is a co-founder of Admiralty and has served as an officer and a director of the Company since its inception. He has been a partner in several major Atlanta law firms and has recently served as Executive Vice President and General Counsel for a publicly traded real estate and mortgage banking company headquartered in Alpharetta, Georgia. Mr. Cunningham's areas of expertise encompass corporate finance and securities law, mergers and acquisitions, international law and licensing. He has represented numerous companies, many technology-based, in connection with public offerings and private placements of debt and equity securities and in merger and acquisition transactions. Additionally, Mr. Cunningham was a ten-year member, by appointment of the U. S. Secretary of Commerce of the Atlanta District Export Council. In this capacity, he assists and advises U.S. companies in the export of goods and services, and helped draft marine exploration and excavation permit laws for the country of Belize, Central America. Mr. Cunningham graduated from the University of Alabama, summa cum laude, in 1974 and from Harvard Law School, cum laude, in 1977.
Steven is experienced in maritime salvage laws and, as well, in licensing and permitting for marine search and recovery projects. He worked closely with Dean Cycon, then one of the foremost maritime attorneys and a Marine Policy Fellow at the renowned Woods Hole Oceanographic Institute, in crafting the Abandoned Wreck Act adopted by Belize in 1990 and subsequently amended in 2000. This Act grants to the Government of Belize exclusive rights to any shipwreck in Belizean territorial waters that has been in those waters for more than 50 years ("abandoned wrecks") and gives the Belizean Minister of Archaeology, after consultation with the Abandoned Wreck Authority, the power to grant licenses to "prospect for, salve and bring to shore any abandoned wreck." He also worked closely with Dr. David Bederman (1961 - 2011), widely considered to have been one of the foremost legal authorities on historic shipwreck law, in drafting the exclusive license ultimately awarded to Admiralty Corporation by the Government of Jamaica in 1999 to search for and recover shipwrecks in the Pedro Bank. Dr. Bederman served as Chairman of the Board of Odyssey Marine Corporation; the world’s leading marine search and recovery companies and was a distinguished Professor at Emory Law School.
Steven also spent a great deal of time in the 1990s studying Mexican law governing shipwreck exploration and excavation and met several times with the National Institute of Anthropology and History (INAH), the Mexican agency in charge of preserving and protecting Mexico's cultural and historical heritage. He also has been the principal draftsman of the proposed licensing agreements between the Company and The Turks and Caicos Islands and the Republic of Haiti. He also has studied the legal and regulatory aspects of the permitting process in The Bahamas, the Dominican Republic, Panama, Ecuador, Honduras, Nicaragua, Dominica, Columbia, The Philippines, Vietnam, Spain, Portugal, The United Kingdom, Cape Verde, Saipan, Mauritius, The Comoros Islands, Florida, Georgia, South Carolina, North Carolina, Virginia, Massachusetts, Rhode Island, and Texas.
Steven has also researched the legal process involved in laying claim to (arresting) a shipwreck in international waters by filing an in rem judicial action. Steven is also quite familiar with the 2001 UNESCO (United Nations Educational, Scientific and Cultural Organization) Convention on the Protection of the Underwater Cultural Heritage and the rules and regulations associated with it. Email: scunningham@UnderSeaRecovery.com
I have started to clean up the introductory information and I am sending the company our data for their clarifications, corrections, and input. We do want the data to be current and accurate.
I am also checking with the company on the OTC Market stop sign and what the company needs to clean that up.
If you have any suggestions on the intro data, please send it to me in a PM instead of on the board.
Thanks
I expect to see the stock price in the .005 range by the end of January, higher if the funding news is released.
I applied for the moderator position so I can make changes to our information.
Sounds like you do want to pick up some more shares... cheaply! LOL
Nice try.
Company is going to need several ships to handle the permits for Haiti, Turks, Jamaica, Bahamas, etc.
The New World Legacy ship was owned by ADMH and Collingwood still held the mortgage on it. The ship was in disrepair, had been sitting for years, and would have taken hundreds of thousands of dollars to make it seaworthy. So it sounds like Collingwood just allowed it to be auctioned off.
Once the permits are in hand, the company has major investors ready to move forward and there are plenty of ships available to lease or purchase. I believe we should be hearing from the company within the next week or two on funding and permits.
And nice buying at .0011 now. 475K just went
DT... Permits for Haiti, Turks, and Jamaicca are forthcoming, according to Bobby, there will be no more 504 shares issued as they have interim financing to get these permits secured.
Once the permits are in hand, they have several large investors to get us treasure hunting!
I think the company had to issue some 504 shares awhile back and the fall in stock price was the last of those shares hitting the market.
I believe we will move up from here.
.0006 x .0007
.0005 x .0006 up 50% today on 7,580,000 volume.
DTGoody... Thanks for posting that. I got an email from Bobby at the first of the week and it was very consistent with what you said. The company is NOT going to issue any more 504 shares which, I believe, caused the most recent drop in the stock price.
When the funding PR is announced and the confirmation of the permits in Haiti, Turks, and Jamaaica, we will see our stock price go much, much higher. Accumulation of these cheap shares is the way to go, imo.
It will take some work but it can be revived.
Depends on what is put out (PR) to renew interest in GBDX. Got to have a new business plan as it is just an empty shell now.
surfkast... I still have a lot of GBDX shares and hope it can start trading again, regardless of who is the new principal of the company. Hopefully there will be a big pump and no R/S and we can get out of the stock with something!
I picked up .002s yesterday. Think we are getting close to some news on permits, funding.
CH is doing a great job and I believe our chances have never been better. Just not posting much these days. Good luck all.
The new 2late2 dude could not spell 'fair' correctly! He won't last long... :)
2nd PR coming today? Perhaps a contract with Jensen Farms? That would get us to .05, and beyond! :)
Glad the company did not release the PR today (Friday). It will get more attention at the first of the week.
Looks like the leak was plugged and the 'buyer' was ordered to stop so the implication of buying on unreleased news could be avoided. Smart move, imo.
MMTC RUMOR...
http://www.insiderpennypicks.highpowersites.com/page/page/8280480.htm (look under headline stocks)
Micro Imaging Tech
(MMTC)
Big news leaking out into the markets stating Aastrom Biosciences will purchase $5,000,000 USD worth of MIT 1000 systems from Micro Imaging Tech. ?
Aastrom Biosciences, Inc. is regenerative medicine company engaged in clinical development of autologous cell products for the repair or regeneration of multiple human tissues, based on proprietary Tissue Repair Cell Technology. Aastrom Biosciences (ASTM) has came to an agreement with Micro Imaging Tech (MMTC) to purchase $5,000,000 worth of MIT systems. This deal will be announced in early October as MMTC is currently in a "quiet stage" of development. At this point and time for Micro Imaging Tech, their shareholders will not be informed of this information until after the "quiet period" if over. The price per share should stay very much the same and remain stable as investors are not informed of this "Huge" news, quoted by a New York Times reporter.
The deal with also help ASTM out a great deal, with their price per share steadily dropping, this may be the deal to set the bar higher than ever and stay above the $3.00 mark for the year. However; MMTC will be looking ahead to a larger exchange such as the NASDAQ/DOW. The 1 year target for these two companies have not been announced yet as the CEO's of both companies do not know how shareholders will react. "We know it's going to be positive, obviously, but we do not know how high the price per share could reach" stated Mr. Michael W. Brennan.
The process of the "quiet period" will be a time for accumulation for shareholders. The price per share should maintain around .005 throughout the month as their will be no news announced prior to this, and shareholders do not know what is going on behind the curtains. MMTC is very excited for this to kickoff the end of the 2011 year and start a fresh beginning on the higher stock exchange for 2012. As for ASTM they are looking forward to maintaining their stock price above $3.00 and working for a more consistent shareholder attire.
"From actual PR spokesperson"
JaneyH... Wrong, Ballbag did a post that indicated anyone could make up a rumor and so he did by saying the company is going bankrupt. It was a joke...
Michael Brennan, Chairman is a by-the-book businessman and his response that he would not/could not share information with one shareholder that all shareholders are not privy to is exactly the way it has to be done. Unfortunately...
My conversations with him have been positive and he, his partners, and his major shareholders have not sold one share. And they have millions of dollars in MIT.
Nice close today. The increase in A/S was for a legitimate business purpose, folks. A merger with an exchange of shares might be a good use of the additional shares, imo.
Just sent Henry an email... looks like he needs to get his filings caught up!
Very low volume so most paniced shareholders sold... This is not a quick flip company. They just left the development phase and are now bring in revenues (last PR indicated a $200,000 sale to EPIC).
Relax and when the company is ready to release news and filings, they will.
Our new partner EPIC is going to help us grow exponentially... just as the 8/18 PR stated below. The principals of EPIC have made PERSONAL INVESTMENTS in MMTC!
Micro Imaging Technology, Inc. (OTCBB: MMTC) (OTCQB: MMTC) announced on July 26, 2011 that it has entered into a significant long-term equity alliance with EPIC Corporation (OTC: EPOR). Further details are now available: Principals of EPIC have made personal investments in an MMTC Convertible Debenture and EPIC has entered into an MIT Stock Purchase Agreement. Additionally, EPIC has formed a wholly-owned subsidiary, EPIC Healthcare Systems, Ltd., for the explicit purpose of providing a sales channel for all MIT products -- which are currently only focused at food safety applications. EPIC is committed to expand MIT's capabilities into additional markets, including diagnostic and clinical processes, water and beverage quality control and environmental and clean room monitoring.
Mr. Ronald Tucker, EPIC's CEO, stated, "EPIC is preparing a program to purchase MIT's hardware and license MIT's software libraries that can currently detect, almost instantly, many different types of bacterium and believe that within the next year over thirty systems will be sold, generating in excess of $1 million in initial revenue to be followed by recurring software licensing fees, support agreements and sales of consumable products. As an additional reinforcement of our commitment to MIT we have also ordered five MIT 1000 Systems for immediate delivery in a transaction roughly valued at $200,000."
Mr. Michael Brennan, MIT's Chairman, said, "We are very appreciative of EPIC's initial order. Also, as previously stated, this agreement with EPIC will provide us with needed funding now that we have emerged from our development stage and a partner that is very familiar with the healthcare industry. This will enable MIT to approach other markets in healthcare in addition to our current exclusive focus on the $3.5 billion food safety segment."
The Chairman just stated yesterday the company has not sold one share and neither has any insiders. He has told me the same thing in a phone conversation last week.
Before you make such a statement, I suggest you do some real due diligence on this company and their patented technology.
ballbag... Call him a liar and see what he has to say... (805) 557-0614
Mr. Brennan explained to me the uniqueness of our MIT system in comparison to the other companies in the bacterial detection market. And the company went thru an 18 month accrediation process with the AOAC RI Institute which is THE gauntlet in the industry.
Research the AOAC... you will see why our MIT system certification is golden ($$$). Here is their stamp of approval.
http://www.aoac.org/testkits/2011_060901_certificate.pdf
The company also got accrediation from NAMSA (North American Science Associates, Inc) and their report on the MIT system is available from the company.
Do your due diligence and know what you own with this stock.
Mr. Brennan's response below to Jonathan's email says it all... "The company has not, or insiders, sold a single share"
Mr. Brennan told me the same thing and added one important point... they have NEVER sold a share and have millions of dollars of their own money in this company!
Here is the email from Mr. Brennan... if you don't believe it, give him a call or send him an email. His contact information is clearly visible. I find him very credible.
In a message dated 8/29/2011 12:36:34 P.M. Pacific Daylight Time, gdemel@cox.net writes:
u_bid4less@yahoo.com
Jonathan, - Thanks for your inquiry.
The Company has not, or insiders, sold a single share .... the Capitalization level for "penny stocks" is so low - that after thirty years as a public Company - - we needed to increase the capitalization space...
Michael W. Brennan
Chairman
Micro Imaging Technology, Inc.
Direct:
Telephone: (805) 557-0614
Facsimile: (805) 557-0812
Cell: (818) 585-3246
Email: logimaging@aol.com
Office:
Telephone: (949) 388-4546
Email: mbrennan@micro-imaging.com
Mr. Brennan's response below to Jonathan's email says it all... "The company has not, or insiders, sold a single share"
Mr. Brennan told me the same thing and added one important point... they have NEVER sold a share and have millions of dollars of their own money in this company!
Here is the email from Mr. Brennan... if you don't believe it, give him a call or send him an email. His contact information is clearly visible. I find him very credible.
In a message dated 8/29/2011 12:36:34 P.M. Pacific Daylight Time, gdemel@cox.net writes:
u_bid4less@yahoo.com
Jonathan, - Thanks for your inquiry.
The Company has not, or insiders, sold a single share .... the Capitalization level for "penny stocks" is so low - that after thirty years as a public Company - - we needed to increase the capitalization space...
Michael W. Brennan
Chairman
Micro Imaging Technology, Inc.
Direct:
Telephone: (805) 557-0614
Facsimile: (805) 557-0812
Cell: (818) 585-3246
Email: logimaging@aol.com
Office:
Telephone: (949) 388-4546
Email: mbrennan@micro-imaging.com
I will call Mr. Brennan and ask...
Increase in A/S... remember the 1:1 stock dividend announced in the August 8th PR??
"The Company's Board of Directors has declared a stock dividend payable in its common stock to shareholders of record as of December 30, 2011. The shareholders will receive 1 new share for each share owned (1:1)."