Often irritated, never duplicated
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"(if it exists...)"
Yes, don't take my word, or that of any other members here without reviewing the extensive documentation of the MIT-1000 available. Let's just say that if MMTC is faking their claims, they've gone to a lot of trouble to make it look real, and risked a tremendous amount to perpetrate the illusion. Watch these and decide for yourself.
Agreed...
...but right now getting a measly 40,000 @ .0027 is too much to ask. They'll wait to see if it pulls back a bit more on the bid before filling my order. A few weeks from now, the difference of .0001-.0002 will be a non-issue.
I notice they mention OSIS in the recent video.
=-)
Tempted to believe MMTC is a scam?
Forward to about 3:25 of this MMTC video and check out the actual hardware for the working system hey have used to attain the current level of progress. Ask yourself if this is the work of scammers.
Thank you, BSW...
...and I hope that's what they meant.
"More than 2500 Total known sub-species"
I would be interested in seeing a link to that statistic. I've been doing a bit of research and the numbers I see repeatedly are not anywhere close to that.
Please understand that I own this stock, have done a bit of trading, but mostly hold a long position of freebies from 2011. I had watched and read about MMTC for close to a year previous to that. I have no interest in furthering the cause of the offshorts, but we've seen this sort of off-the-record claim before, with less-than-stellar results for the PPS. I could understand hundreds of strains, or hundreds of morphology variants that might need to be modeled and cataloged in the database.
It just seems a bit too much like some of the previous claims that didn't add up in the end.
Hundreds of sub-species?
That doesn't really jive with my research. It would worry me if our MMTC CEO was mistaken about this.
http://www.nuigalway.ie/research/salmonella_lab/downloads/salmonella_taxonomy.pdf
http://www.springerlink.com/content/qg5j451u01k50x72/
"...I think spinout would help separate these claims..."
It's the likely way. BCSP is too big for a major to go alone. Spinning out deposits will provide development cash for the claims LBSR wants to run long-term.
Of course I wouldn't decline a massive buyout.
OSIS likely builds for competitors as well...
...and I wouldn't be surprised if they aren't trumpeting the fact that they are producing a machine that may knock a big dent in the market of some competition.
True, that...
I maintained my discipline, wanted to buy at .0016 again, didn't bite on the .0018, watched a big chunk slip away. Sticking to your own rules is tough.
I'd have about 20% more shares had I not sold in the run to .019 to get my cash back out and keep freebies, but not losing cash is my first rule, and I learned it by ending up underwater in other stocks. My freebies will be plenty when the speculative value of the MMTC technology fuels the real run.
Seeing my original buy-in price of .0016 was to have been the catalyst to buy again, and it didn't arrive. I'm still not sure that some profit takers and offshorts won't push hard to beat down and load up before July, but the last few raids have given minimal results. Before today, the recent red days never amounted to many shares, and today's volume was on the backlash of a 94% run yesterday, so profit taking is expected. We're still up in the deep green from a few days ago.
Go MMTC.
55%...
I waited for .0016's. I guess the big, bad lawsuit didn't drag he PPS low enough. Oh well, ride my MMTC freebies.
But where is the volume?
StockLearner says he dumped 4M, but daily volume is under 1M. Is volume being properly reported? I don't trust the run on less than 1M.
Yep...
...Despite all the scary lawsuits and links to the SEC, MMTC continues to move it's plan forward. A few short weeks and I'll be able to call any profits long-term capital gains. Timing couldn't be better.
"Surely wouldn't hold any up as examples of FACTS"
Your desire to kick Brennan is telling, but he's no longer in the pic. Plenty of PR's regarding NAMSA, AOAC, and USDA can be confirmed via independent source, so you don't have to trust Brennan, who by the way is no longer the CEO.
Here are my sources for confirming factual info regarding MMTC.
http://www.aoac.org/testkits/2011_060901_certificate.pdf
http://ddr.nal.usda.gov/handle/10113/41910
http://www.micro-imaging.com/pdf/MITNAMSAFinal%28MicroIdentificationTechnologies%29.pdf
http://ddr.nal.usda.gov/bitstream/10113/41910/1/IND44365309.pdf
Could be.
I bet NAMSA, AOAC, and USDA are lying too. Go MMTC
"You're claiming Brennan PRs as facts? "
Only after confirming many of them via NAMSA, AOAC, USDA, etc. Funny thing how you can access public documentation of the claims made in the MMTC press releases. Decentralization of information is the biggest trend going.
http://www.aoac.org/testkits/2011_060901_certificate.pdf
http://ddr.nal.usda.gov/handle/10113/41910
http://www.micro-imaging.com/pdf/MITNAMSAFinal%28MicroIdentificationTechnologies%29.pdf
http://ddr.nal.usda.gov/bitstream/10113/41910/1/IND44365309.pdf
"Then why has MMTC told they are in with OSIS?"
I'm guessing it's because MMTC signed an agreement, as documented in this official, published press release.
"SAN CLEMENTE, CA, May 26, 2010 (MARKETWIRE via COMTEX) -- Micro Identification Technologies, Inc. (MMTC) announced that it has signed an Agreement with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (OSIS) to manufacture its microbial rapid identification system, the MIT 1000. "
As for your suggestion that I have no argument, I am providing a public source while you type away about how you allegedly called someone and posted the results on a message board. He-said/she-said on your end, public, documented, independent and verifiable source on my end. I'll invest/trade on the facts, and they wil prevail, for better or worse. I just object to the repeated posting of the questionable and/or demonstrably false claims made here.
"Wouldn't you announce your involvement...?"
Wouldn't you also announce any fraudulent misrepresentation by MMTC in reference to your company? I can think of plenty of reasons to keep things under wraps during development, especially in the heavy competition of biotech, but not so much about letting some penny stock CEO use your company's good name for a bogus claim.
I bet OSIS has lawyers that are paid to stay abreast of any news regarding the company, and MMTC would be served with a cease and desist notice within 48 hours if OSIS thought they were being scammed.
Go MMTC!
"...fact that was established on this board."
No, facts are established via public, confirmed sources, like PR's and filings from MMTC. Your emperor is naked.
Wrong question.
I excerpted an official source from MMTC. Where is the published proof of your assertion that OSIS stated any such thing? We will accept a signed and verified transcript.
This is the part where you say "call them yourself", assuming that I haven't. I backed up my statement with a published official PR from MMTC. You expect folks to believe you on faith.
I'm holding my large pile of free shares of MMTC, and nothing being said here makes me want to sell them.
This again?
Both of you know that a public repudiation would have occurred should OSIS learn that MMTC was using their name in a deliberate fraud. Do you think OSIS achieved their level of success by letting loose ends run amok?
Again, I remind anyone tempted to believe such nonsense that there is an official source for such info, and as of last publishing, the real news still stands. Message board opinions are worth what you pay for them.
"SAN CLEMENTE, CA, May 26, 2010 (MARKETWIRE via COMTEX) -- Micro Identification Technologies, Inc. (MMTC) announced that it has signed an Agreement with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (OSIS) to manufacture its microbial rapid identification system, the MIT 1000.
I would double down on .0012...
...and likely save a bit of powder for .001 as well. I won't hold my breath. MMTC is holding at the moment.
"$350,000 will not buy much of anything"
And yet if that was your 5% acceptable risk for buying into a micro-cap, you might have a portfolio of several million dollars.
I'm sure many would argue that a guy who became a millionaire has a decent sense of where to put his money. Newhuis is putting his here, a 350K bet on a long shot, from a guy that undoubtedly has more info than anyone on this board. Maybe he is buying because he understands that his 350K of MMTC could let him retire next year.
MMTC is a micro-cap, a biotech that purports to have cutting-edge technology in a vital and growing sector. There are plenty of stories like this, development funded by selling shares. The fact that Newhuis wants in on the action says more to me than any anonymous opinions to the contrary, especially when the opinions become as vocal and insistent as they are now.
Go MMTC
You already know where MMTC gets supplies...
"SAN CLEMENTE, CA, May 26, 2010 (MARKETWIRE via COMTEX) -- Micro Identification Technologies, Inc. (MMTC) announced that it has signed an Agreement with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (OSIS) to manufacture its
microbial rapid identification system, the MIT 1000.
"In addition, OSIO fabricates the photodiode detectors that are used in the MIT 1000 and has the ability to supply other components."
"I'd like to see copper around $7.50...."
Me too, because that would reflect a demand based on huge economic growth compared to today.
Correct, moax...
Nice packaging, targeted to the professional microbiologist, a well-marketed adjunct to their real business. MMTC is using a different science altogether, and targeting a completely different (much larger) class of end-user. Making a desktop unit as accurate as a biologist with years of education and a modern lab is a tall order, but NAMSA, AOAC, and USDA have been cited on record as confirming the accuracy and efficacy of the MMTC technology
BTW, IBM has been working on molecular diagnostics via laser backscatter for plenty of years, and with all their vast resources, it still isn't ready for market. I read an update recently and was reminded of some of the research I originally did on MMTC. A local biotech doing cell sorting and other cytology was partnered with a large multinational in 2010, and I looked deeply at their work via employees I knew there, comparing the novelty of their processes with the MMTC technology. I was worried that any patent dispute would be backed by their partner's deep pockets, with an interest in beating down the competition.
Yes, there are giants, mid-caps, and start-ups trying similar concepts. That fact speaks to the desirability of the idea. Large, independent institutions signed on the dotted line to say that MMTC answers this need, and does it very well.
Wait and see, no guarantees. I'll believe the documentation I found on my own over anonymous opinions, every time. Best to all.
Thanks, BankShot.
I'm here to discuss MMTC. That said, I appreciate you showing us Neogen, a profitable company doing plain, old, 100-year-old microbiology, 40-year old DNA and dye analysis, etc. Imagine what they could do with a product like the Micro Imaging MIT-1000 and its extremely fast and accurate technology (according to USDA, NAMSA and AOAC).
Unfortunately, your profitable runner-up does many things, and pathogen detection is a small part of their overall game. In fact, if they were effectively targeting the proposed MMTC market, one might surmise they should be a lot bigger than $200M. But it makes sense when you consider the small market they really serve.
"Neogen offers a choice of test systems to detect, or enumerate, microorganisms in liquid samples. Neogen’s Colitag (Presence/Absence) Water Test Kit uses an EPA-approved selective and differential medium to detect total coliforms and E. coli in water and liquid samples in as little as 16 hours"
Hmm, I think they would use the word "identify" if they could. Detect and enumerate is basic cytology tech, the sort of stuff I read about when I first researched the MMTC technology.
Here are some more gems from Neogen:
"NeoSEEK is a breakthrough pathogen detection and identification technology that provides next day, DNA-specific test results for seven pathogenic E. coli strains. The technology will initially be provided as a laboratory service. Features of NeoSEEK include:
• Ability to determine multiple gene targets associated with single organisms
• Includes 7 somatic groups of interest
• Detection of virulence factors and their subtypes associated with STEC (shiga toxin-producing Escherichia coli )"
Sounds great, but not exactly plug & play materials for the average employee at Jensen or Cargill. They are essentially supplying trained microbiologists and labs, not your local health department or poultry farm. A machine that quickly and accurately identifies Yes/No for the big three food-borne pathogens is still worth its weight in gold. The conditions necessary to ensure a proper methodology for Neogen kits are beyond the scope of food handlers, so Neogen offers the technology "as a laboratory service".
In contrast, by depending on physical fundamentals like predictable laser-aligned backscatter and parabolic reception, size disparity between microbes and photons, and the varied morphology of the microbes, the MMTC technology has the potential to be the one system that combines a user-friendly interface and cutting-edge accuracy. The video posted by SGR shows a system that scans and identifies from a simple Windows interface. How many times have we seen an amazing technology take off because they found a way to package (take your pick) photography/printing/graphic design/drafting/accounting/tax preparation/data-basing/music recording/film with a convenient Windows editing bar?
The names of the companies that attached a fundamental need to modern ease and computerized functionality are far better known than Neogen. Names like Adobe, Aurodesk, Logic, are companies that integrated advanced disciplines with modern methods.
Apparently there are other institutional and corporate entities that feel MMTC is on a similar path.
Good to know...
...I'm still waiting to buy some .0016's. I bought there originally and have been quite happy with the swings. More please.
Shouldn't you all be running for the exits...?
B-B-B-BILLIONS in dilution, SEC closing in, can't pay the rent, rah-rah, blah-blah, yee-haw.
Or maybe someone pays attention when new insiders commit to large acquisitions. The 10-Q was a bag of mixed nuts to be sure, but plenty of shareholders can see that this story may still warrant a massive run, whether that run is a pumped-up mess or the rise-on-fundamentals that some here believe will happen.
I'm in the middle. Brennan's departure was a red flag to be sure, ditto for Nunez and his history, plus the litigation. Lawsuits are too common in OTC markets, especially between financiers and micro-caps. Comes with the territory, but I've seen massive sell-offs on the mere mention of a lawsuit. We'll see where this goes. One confirmed order from a large partner can change everything, regardless of the new O/S.
I'm surprised at the PPS today already. Go MMTC. Make my free shares worth some tall cash.
Once again...
...E. Coli in the news.
http://news.yahoo.com/e-coli-outbreak-cdcs-backyard-203451701--abc-news-topstories.html
I thought of that as well...
...so let's hope he wants the real money and not a quick double.
"over a decade and you will be ridiculed..."
You mean like the ground zero plans? Yeah, you NYC folks are all over it. Go LBSR.
"Why would anyone buy shares in MMTC this week?"
How about because the opportunity to flip from .0016-.0018 to .0022-.0026 has presented itself repeatedly. I guess some of us aren't here to make money.
Gee, I wonder why they are here...?
Charming stuff, eh?
Oops, forgot to check with my attorney before I replied on the MMTC board. Can't be too careful...
Everyone ready for the after-hours sale and jump?
"There are no bag holders on SIRG..."
The bag I'm holding is full of freebies that are up 400-500%. Loving this action.
SIRG isn't behind it IMO...
...but there are plenty of entities that can manipulate for their own front-loaded or short-optioned intentions. At least this one comes with a warning stamp.
Just the one...
...but that's enough to prove that someone is paying to affect opinion regarding SIRG.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76327556
Just sayin'...
...that I own this, hold it long, but I'll think about flipping when I see the "compensated awareness" posts start showing up. Real equities don't need paid posters.
Go SIRG.
"Clean balance sheet can also lead way to buyout."
And our in-house finance guy would have every reason to want that to happen, being that he's in for 20M shares himself.
BTW, any info as to whether those shares have restrictions?