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cottonmather,
It seems that MMTC investors have a different perspective than you about the company and its efforts towards becoming a profitable organization. We should agree on the expectation that one of us will ultimately be correct and the other wrong.
The company did not pay for the article being included in the AOAC journal. Persistent work by Dr. Haavig and others resulted in acceptance of the article. Once accepted, the company paid a fee for the article to be available to non-subscribers of the journal.
cottonmather,
The article is available free from the AOAC International website.
http://aoac.publisher.ingentaconnect.com/content/aoac/jaoac/pre-prints/content-jaoac_170097
enlighten33,
Here is the company's press release yesterday on the published article.
Micro Imaging Technology and Northern Michigan University Publish a Paper in the Journal of AOAC International
mmtc BS = Breakthrough Science?
flaflyersfan,
Here is the link. Pages 6 and 19/20 has the detail provided by besidestillwater.
http://www.nmu.edu/studentcelebration/sites/Drupalstudentcelebration/files/UserFiles/Files/2017Celebration.of.student.scholarship.pdf
If I were on trial for a crime I did not commit, I would not want the people on this message board to be in the jury pool.
Item 2 on page 3 of the Investors FAQ
The Agreement and Plan contemplate that if all classes of claims entitled to vote accept the Plan, the existing preferred and common shares shall be extinguished and have no value upon the Company’s emergence from the Chapter 11 process.
https://sandridgeenergy.com/wp-content/uploads/2016/05/FAQ_Investor.pdf
cottonmather,
Bag holding may not be an issue if there is something valuable in the bag.
Top Penny,
Given the current spread, it also appears not the time to sell MMTC.
flaflyersfan,
Corporate powers, rights and privileges were not suspended by the California Secretary of State. Suspension and forfeiture were done by the California Franchise Tax Board and relate to failure to meet tax requirements (e.g., failure to file a return, pay taxes, penalties, interest).
https://businessfilings.sos.ca.gov/
Just 1 MIL,
The company is not registered with the Nevada Secretary of State (nvsos.gov) because it is a company incorporated in Delaware.
Business Description
NuTech Energy Resources, Inc. is a Delaware Corporation that is a vertically integrated natural gas production company.
http://www.otcmarkets.com/stock/NERG/profile
LouisDesyjr,
4% of $840 million is $33.6 million, not $3.36 million.
Oakridge Sells Interest in Leclanche S.A., Releasing Funding for Corporate Growth
It seems likely that 2016 will be a good year for OGES shareholders.
SOURCE: Oakridge Global Energy Solutions
Oakridge Global Energy Solutions
January 05, 2016 14:00 ET
Oakridge Sells Interest in Leclanche S.A., Releasing Funding for Corporate Growth
MELBOURNE, FL--(Marketwired - Jan 5, 2016) - Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) is excited to announce that it has sold its entire interest, 11,000,000 shares, of European battery manufacturing company Leclanché (LECN), with financial close dated December 30, 2015. While details of this transaction are under non-disclosure with the buyer, Golden Partner Management SPC of Luxemburg, the purpose of the sale is to make available the necessary capital to fund Oakridge's previously announced expansion strategy.
Proceeds of the sale will sufficiently fund Oakridge's growth plans and operations going forward, and the Company has launched full production in the first quarter of 2016.
The sale has also enabled Oakridge to bring all outstanding payables to current status and also completely pay out its long-standing $2 million loan to Expedia Holdings Limited.
As a result of this transaction, Oakridge enters into 2016 completely debt-free and funded for growth.
"In the process of growing Oakridge from an R&D company to a production company we have had, like all growth companies, our share of speed bumps. However, with the infusion of cash from this sale of our holdings in Leclanché, we are now debt-free, well-funded and self-sustaining for the first time in Oakridge's corporate history. Pivoting from here, we will continue to follow our previously announced goals and expansion plans for our existing manufacturing facilities in Florida. We are now well on our way to becoming a major player in the world lithium-ion battery manufacturing space. The addition of this significant capital into Oakridge provides the liquidity that we needed to launch this company from small scale production to one of the largest lithium battery manufacturing facilities in the world," says Oakridge CEO Steve Barber.
On January 4, 2016, Oakridge entered into the full-scale production phase of the Company's restructuring, as planned out by Barber and his team. The company forecasts solid revenues in January and rapid growth each month thereafter.
"Oakridge is a fantastic place to work. The business is really taking off and we are all glad to be a part of it," says Oakridge employee Idelfonso Silva. "The addition of this new infusion of capital has will allow us to go from producing a small number of units each day to producing large scale quantities. It is a very exciting time to be at Oakridge!"
About Oakridge Global Energy Solutions, Inc.
Oakridge Global Energy Solutions Inc., is a publicly traded company, trading symbol: OGES on the OTCQB with a market capitalization of approximately USD $ 250,000,000, whose primary business is the development, manufacturing and marketing of energy storage products. Additional information can be accessed on the company's new website at http://oakridgeglobalenergy.com/
Forward-Looking Statements Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
My guess is that the NASDAQ has an error in the title. Here is a NASDAQ URL that indicates NERG represents NuTech via the press releases.
http://www.nasdaq.com/symbol/nerg/press-releases
Prior to the name change to NuTech Energy Resources, the company was identified as Ecoemissions Solutions Inc.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001432994&owner=exclude&count=40
The market makers are having difficulty in establishing reasonable bids and asks for this stock.
I have a decent size holding and am not sure what value the stock may have given all the recent news and the ongoing price volatility in the oil and gas industry. Any there any other opinions from other shareholders or potential investors?
NuTech Energy Resources, Inc. Engages Legal Counsel in Pursuit of Uplisting to the Major Nasdaq Exchange
GILLETTE, Wyo., Dec. 2, 2015 /PRNewswire/ -- NuTech Energy Resources, Inc. (OTC: NERG), a natural gas and oil exploration and development company, is pleased to announce that the Company has retained the legal services of Cutler Law Group, of Houston Texas, to assist the Company in its strategy to uplist to the world's first and largest "electronic" stock market, the prestigious Nasdaq Exchange.
"This is a major step in our growth strategy. Companies listed on the Pink Sheets are often targets of price manipulation. We have worked diligently to develop equipment that we expect will take the industry by storm as we gain recognition. In light of our potential to become a serious contender in the marketplace, the Board has decided that it is in the best interest of our shareholders to move up to a notable major exchange, where our Company will have greater visibility before a larger group of investors. We are excited to be moving in this direction, and believe that our shareholders will benefit greatly from these efforts," stated Kevin Trizna, Chief Executive Officer, NuTech Energy Resources, Inc.
Cutler Law Group represents clients in all areas of public and private securities practice, as well as internal business transactions. The firm's business attorneys have also completed projects to comply with broker-dealer requirements under state and federal securities laws, as well as to properly qualify securities under various state "blue sky" laws. Services the firm offers include preparation and filing of listing applications with Nasdaq, the New York Stock Exchange and the Over the Counter Bulletin Board.
The Company recently announced an agreement to acquire Emerald Operating and Rocky Mountain Exploration Wells, an operation representing 74 existing wells, and their underlying lease agreements. Additionally, Nutech will acquire Emerald's minority non-operator interest in 42 of Mountain Hawk Exploration's wells.
Emerald Operating currently has 27 of NuTech Energy's state-of-the-art IGOR tools installed on location. Gas from this location is being produced and sold, using the Company's patented, proprietary Natural Gas Production Technology, but no production results are available as of yet. Emerald Operating personnel have, over the past several months, extensively tested, and continue actively running diagnostics in an effort to optimize the production and transportation process. Management is confident that the best strategy has been developed in regards to the installation of the Company's proprietary equipment, as well as the production of coalbed methane.
The terms of the agreement include a purchase price of $500,000 in addition to an undisclosed amount of common stock, but not to be in excess of 10% of the issued and outstanding shares.
As recently announced, the Company continues to focus on adding to the current inventory of its coalbed methane wells in the Powder River Basin of Wyoming, and plans to convert those wells into profitable producing assets. The Company has a patented, proprietary technology to produce natural gas without pumping water out of the ground from inside a well. This device reduces overhead from conventional methods of natural gas production by as much as eighty percent (80%).
About NuTech Energy Resources, Inc.: Nutech Energy Resources, Inc. (OTC Markets Symbol: NERG) is a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the need to pump water. Nutech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells. Nutech Energy Resources, Inc.'s development of proprietary equipment uniquely positions the Company to be able to acquire and profitably operate wells that were previously cost prohibitive. For more information visit: http://www.nutechenr.com/
Safe Harbor: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
Contact: Investor and Media
Steffan Dalsgaard, CEO Everest Corporate Advisors, Inc.
702-902-2361
702-982-1139
SOURCE NuTech Energy Resources, Inc.
RELATED LINKS
http://www.nutechenr.com
My thought is that since most of the shares are held by institutions, there is likely an increasing effort to take losses prior to year end to offset gains in other holdings.
Perhaps, after the CEO announces her recovery plan and tax-loss selling, the share price will start to move upward in 2016.
http://www.nasdaq.com/symbol/cmls/institutional-holdings
Company Fulfills Reporting Requirements and Modernizes Image
SOURCE: NuTech Energy Resources, Inc.
http://www.marketwired.com/press-release/nutech-energy-resources-inc-fulfills-reporting-requirements-and-modernizes-image-otc-pink-nerg-2072185.htm
November 10, 2015 09:00 ET
NuTech Energy Resources, Inc. Fulfills Reporting Requirements and Modernizes Image
Company Bolsters Corporate Presence and Enters the Market With New State-of-the-Art Patented, Proprietary Natural Gas Production Technology
GILLETTE, WY--(Marketwired - Nov 10, 2015) - NuTech Energy Resources, Inc. (OTC PINK: NERG), a natural gas and oil exploration and development company, is pleased to announce that the Company's corporate information has been updated on the OTC Markets website, www.otcmarkets.com, in an effort to fulfill reporting requirements and secure a current tier status. Changes are expected to be reflected imminently.
Concurrently, the Company proceeds to make its presence in the industry recognized through the recent appointment of a marketing firm selected to increase the Company's exposure and support its expansion strategy on numerous levels. One of the milestones already achieved is the enhancement of NuTech Energy's image with the development of an updated website demonstrative of NuTech Energy's advantageous position in the market. To view the new corporate site, visit: http://www.nutechenr.com/
"The revamping of our web presence, among other strategies in place, is expected to contribute considerably to the growth of our Company. The vertically integrated nature of the Company provides opportunity for advancement on a number of levels. We are very pleased with the team on board, and feel confident that the structure developed here is one we can really capitalize on," stated Kevin Trizna, Chief Executive Officer, NuTech Energy Resources, Inc.
As recently announced, the Company is presently focused on adding to the current inventory of its coalbed methane wells in the Powder River Basin of Wyoming, and plans to convert those wells into profitable producing assets. The Company has a patented, proprietary technology to produce natural gas without pumping water out of the ground from inside a well. This device reduces overhead from conventional methods of natural gas production by as much as eighty percent (80%).
About NuTech Energy Resources, Inc.: Nutech Energy Resources, Inc. (OTC PINK: NERG) is a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the need to pump water. Nutech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells. Nutech Energy Resources, Inc.'s development of proprietary equipment uniquely positions the Company to be able to acquire and profitably operate wells that were previously cost prohibitive.
Safe Harbor: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
CONTACT INFORMATION
Contact:
Investor and Media
Steffan Dalsgaard
CEO Everest Corporate Advisors, Inc.
702-902-2361
702-982-1139
New President Announced - stock price moves upward
SOURCE: Petro River Oil Corp
November 05, 2015 10:42 ET
Stephen R. Brunner Named President of Petro River Oil Corp.
Re-Positioning the Company for Future Growth
HOUSTON, TX--(Marketwired - Nov 5, 2015) - Petro River Oil Corp. (OTCQB: PTRC) ("Petro River" or the "Company") announces, as a part of its restructuring process, that Stephen R. Brunner has agreed to join the Petro Rivers' Executive Management Team. Mr. Brunner will serve as President of Petro River and has been tasked with making oil and gas related decisions in an effort to help turn-around the Company in the midst of unstable energy markets. Under the terms of the contract, Mr. Brunner is granted the right to purchase up to 1.25% of the Company's outstanding common stock, subject to vesting schedules, aligning his interests strongly with shareholders. He also has the right to purchase an additional 1.75% of the Company's common stock subject to shareholder approval on the increase of the current stock option plan and achieving pre-defined target objectives.
Mr. Brunner commented, "I am excited for the opportunity to step-in to a company that once had a great deal of promise. These have been challenging times for small domestic producers, but depressed commodity prices have also created opportunities to take advantage of if you have the staying power and know where to look. My goal is to re-position Petro River to best exploit these opportunities and allow us to add meaningful reserves that create shareholder value."
According to Executive Chairman Scot Cohen, "We are confident that Mr. Brunner's results driven perspective, proven leadership and ability to attract top-level talent, and track record of success navigating public companies in the past will benefit the Company and our shareholders as we position for future growth." Scot Cohen will remain in his position as Executive Chairman.
Stephen R Brunner
Mr. Brunner has over 30 years domestic and international operations background in the exploration and production industry as well as extensive public company management experience. Mr. Brunner most recently served as the President and Chief Executive Officer of Constellation Energy Partners where he has been in various roles since 2008. Mr. Brunner also served as the Executive Vice President for Pogo Producing Company responsible for business units both domestic and international. During his tenure at Pogo, he also served as the Resident Manager of Thaipo Limited, a subsidiary of Pogo located in Thailand, responsible for all aspects of offshore oil and gas development. Mr. Brunner also held various positions with Zilkha Energy Company, Chevron Corporation and Tenneco Oil Company prior to Pogo.
About Petro River
Petro River Oil Corp. (OTCQB: PTRC) is an independent exploration and production company focused on applying modern technologies to both conventional and non-conventional oil and gas assets. Petro River's core holdings are in the Midcontinent region in Oklahoma. Petro River is driven to utilize its expertise in the region and globally and exploit hydrocarbon prone resources in tight formations to build reserves and create value for the company and its shareholders. The company also wholly owns Petro Spring, its technology focused business. For more information, please visit our website: www.petroriveroil.com
Forward-Looking Statements
This news release contains forward-looking and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward looking statements.
The forward-looking statements contained in this news release are made as of the date of this news release. Petro River disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Petro River undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
Contact Information
Petro River Oil Corp
347.491.4016
Here is the recent SEC press release and fact sheet on Regulation Crowdfunding.
http://www.sec.gov/news/pressrelease/2015-249.html?utm_swu=6233
New Identifier - Enterococcus Faecalis
http://www.marketwired.com/printer_friendly?id=2053705
September 09, 2015 07:00 ET
Micro Imaging Technology Adds Enterococcus Faecalis to Its Catalog of Identifiers
SAN CLEMENTE, CA--(Marketwired - Sep 9, 2015) - Micro Imaging Technology, Inc. (OTCQB: MMTC) announced that its MIT 1000 System can now identify Enterococcus faecalis, a bacterial species found in human feces and in the intestines of many warm-blooded animals; occasionally found in urinary infections and in blood and heart lesions in cases of subacute endocarditis. E. faecalis can cause life-threatening infections in humans, especially in the hospital environment, where the naturally high levels of antibiotic resistance found in E. faecalis contribute to its pathogenicity. E. faecalis has been frequently found in root canal-treated teeth which are about nine times more likely to harbor the bacteria than cases of primary infections.
"This is a significant step forward for MIT 1000 technology," said Dr. David Haavig, Micro Imaging Technology's Chief Scientist. "The completion of this Identifier demonstrates the sensitivity of this non-biological bacterial identification technology. This new Identifier gives our MIT 1000 the ability to identify a species of the genus Enterococcus. Our other Identifiers give the MIT 1000 the ability to identify Salmonella Choleraesuis, as well as Listeria genus and Staphylococcus genus, where each genus consists of multiple species, some of which can be pathogenic."
Identifiers give the MIT 1000 System the ability to identify bacteria. All Identifiers, including this new E. faecalis Identifier, as well as all future Identifiers, use the same simple chemical-free, very low-cost, one-minute sample preparation procedure and two-minute average hands-off test with no modification or addition to the MIT 1000 System. The MIT 1000 is a rapid, bacterial cell-based detection and identification system that can identify pathogenic bacteria, now including E. faecalis, in three minutes (average).
Meanwhile, MIT is working on Staphylococcus aureus, Methicillin resistant S. aureus (MRSA), and Listeria monocytogenes Identifiers.
About: Micro Imaging Technology, Inc.
Micro Imaging Technology, Inc. is a California-based public company that is also registered to do business under the name Micro Identification Technologies. MIT has developed and patented the MIT 1000, a stand-alone, rapid, optically-based, software driven system that can identify pathogenic bacteria and complete an identification test, after culturing, in three (3) minutes (average) at the lowest cost per test when compared to any other conventional method. It does not rely on chemical or biological agents, conventional processing, fluorescent tags, gas chromatography or DNA analysis. The process requires only clean filtered water and a sample of the unknown bacteria. Revenues for all rapid testing methods exceed $5 billion annually -- with food safety accounting for over $3.5 billion, which is expected to surpass $4.7 billion by this year according to BCC Research. In addition, the recently passed "New" U.S. Food Safety Bill is expected to further accelerate the current annual growth rate of 6.6 percent.
In June 2009, the AOAC Research Institute (AOAC RI) awarded the Company Performance Tested Methods SM (PTM) certification for the rapid identification of Listeria. The AOAC RI provides an independent third party evaluation and expert reviews of methods and will award PTM certification to methods that demonstrate performance levels equivalent or better than other certified bacteria identifying methods. The MIT System underwent hundreds of individual tests, including ruggedness and accuracy, to earn AOAC RI's certification for the identification of Listeria.
You can find more information about our company and about Micro Identification Technologies™. Please visit our newly enhanced website at www.micro-identification.com.
This release contains statements that are forward-looking in nature. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions are forward-looking statements. These statements are made based upon information available to the Company as of the date of this release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to dependence on suppliers; short product life cycles and reductions in unit selling prices; delays in development or shipment of new products; lack of market acceptance of our new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; inability to expand our operations to support increased growth; and declining economic conditions, including a recession. These and other factors and risks associated with our business are discussed from time to time within our filings with the Securities and Exchange Commission, reference MMTC: www.sec.gov.
JoeB1gStocks,
I agree with biztech in regards to the CEO, who is a friendly straightshooter who is willing to discuss the company with shareholders and investors.
Hopefully, this investment will work out for Randy, biztech, myself and other long-term shareholders.
Pathogen Testing Press Release
Good news!
July 24, 2015 08:00 ET
MIT Announces Breakthrough in Pathogen Testing
SAN CLEMENTE, CA--(Marketwired - Jul 24, 2015) - Micro Imaging Technology, Inc. (OTCQB: MMTC) announced that, through its collaboration with Northern Michigan University (NMU), it has developed a testing protocol that allows for detection of pathogen species from liquid cultures. Dr. Josh S. Sharp, Ph.D., assistant professor at the NMU Department of Biology in Marquette, Michigan, has been spearheading the collaboration between MIT and NMU since October of 2013. He is researching clinical applications of the MIT 1000 System, particularly the pathogens Staphylococcus aureus (S. aureus) and Methicillin Resistant S. aureus (MRSA). "Many of the current agar plate based identification methods require 16-24 hours of growth before identifications can be made," said Dr. Sharp. "Our work with MIT and its rapid laser-based identification system, the MIT 1000, has effectively eliminated the need for that time-consuming step and reduced the time required for pathogen sample preparation and identification to 4-6 hours given a sufficient starting inoculum. This new protocol allows for detection of Staphylococcus species from liquid cultures and has provided important groundwork to facilitate rapid enrichment of target bacteria for identification using the MIT 1000."
"The MIT 1000 has already proven to be one of, if not the fastest and least expensive method for pathogen testing out there," said Jeff Nunez, President of MIT. "This recent innovation in capturing target bacteria, eliminating the need for agar plate culturing, should prove to be a highly significant leap forward for the MIT 1000 in both clinical and food safety applications."
About: Northern Michigan University
Northern Michigan University, located in Marquette, Michigan, is a dynamic four-year, public, coeducational university that has grown its reputation based on its award-winning leadership programs, cutting-edge technology initiatives and nationally recognized academic programs. The university's fastest growing academic areas are clinical science, biology, and the geographical and environmental sciences. Northern Michigan has a population of about 9,000 undergraduate and graduate students. It offers 180 degree programs, including 18 graduate programs.
About: Micro Imaging Technology, Inc.
Micro Imaging Technology, Inc. is a California-based public company that is also registered to do business under the name Micro Identification Technologies. MIT has developed and patented the MIT 1000, a stand-alone, rapid, optically-based, software driven system that can identify pathogenic bacteria and complete an identification test, after culturing, in three (3) minutes (average) at the lowest cost per test when compared to any other conventional method. It does not rely on chemical or biological agents, conventional processing, fluorescent tags, gas chromatography or DNA analysis. The process requires only clean filtered water and a sample of the unknown bacteria. Revenues for all rapid testing methods exceed $5 billion annually -- with food safety accounting for over $3.5 billion, which is expected to surpass $4.7 billion by this year according to BCC Research. In addition, the recently passed "New" U.S. Food Safety Bill is expected to further accelerate the current annual growth rate of 6.6 percent.
In June 2009, the AOAC Research Institute (AOAC RI) awarded the Company Performance Tested Methods SM (PTM) certification for the rapid identification of Listeria. The AOAC RI provides an independent third party evaluation and expert reviews of methods and will award PTM certification to methods that demonstrate performance levels equivalent or better than other certified bacteria identifying methods. The MIT System underwent hundreds of individual tests, including ruggedness and accuracy, to earn AOAC RI's certification for the identification of Listeria.
You can find more information about our company and about Micro Identification Technologies™. Please visit our newly enhanced website at www.micro-identification.com.
This release contains statements that are forward-looking in nature. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions are forward-looking statements. These statements are made based upon information available to the Company as of the date of this release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to dependence on suppliers; short product life cycles and reductions in unit selling prices; delays in development or shipment of new products; lack of market acceptance of our new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; inability to expand our operations to support increased growth; and declining economic conditions, including a recession. These and other factors and risks associated with our business are discussed from time to time within our filings with the Securities and Exchange Commission, reference MMTC: www.sec.gov.
CONTACT INFORMATION
CONTACT:
Jeffrey Nunez
President and CEO
Email: Email Contact
Web Site: www.micro-imaging.com
Telephone: (949) 388-4546
http://www.marketwired.com/press-release/mit-announces-breakthrough-in-pathogen-testing-otcqb-mmtc-2041536.htm
MIT to Present at the 2015 IAFP Conference
http://www.marketwired.com/press-release/mit-to-present-at-the-2015-iafp-conference-otcqb-mmtc-2037647.htm
SOURCE: Micro Imaging Technology, Inc.
Micro Imaging Technology, Inc.
July 13, 2015 07:00 ET
MIT to Present at the 2015 IAFP Conference
SAN CLEMENTE, CA--(Marketwired - Jul 13, 2015) - Micro Imaging Technology, Inc. (OTCQB: MMTC) announced that it has been invited by the International Association for Food Protection to give a presentation at its 2015 annual meeting later this month in Portland, Oregon. Dr. David Haavig, MIT's Chief Scientific Officer, will be a speaker at the symposium covering "Novel Frontiers in Microbiology -- Recent Advances in Non-DNA based Rapid Microbial Detection and Identification Methods." He will share the unique scientific and innovative technology of the MIT 1000, a bacterial cell based identification system that can identify pathogenic bacteria in three minutes (average) at significant cost savings per test. As well, he will touch upon the latest advances in testing procedures that the MIT 1000 has spurred.
Each year, the IAFP hosts an Annual Meeting, providing attendees with information on current and emerging food safety issues, the latest science, innovative solutions to new and recurring problems, and the opportunity to network with thousands of food safety professionals from around the globe. It is attended by more than 2,800 of the top industry, academic and governmental food safety specialists from six continents. Held in various locations throughout North America, this meeting has grown over the years to become the leading food safety conference worldwide. This year's meeting is Saturday, July 25 - Tuesday, July 28 and will be held at the Oregon Convention Center in Portland, Oregon. Dr. Haavig is slated to speak on Monday, July 27th at 10:30 A.M.
About: IAFP
The International Association for Food Protection (IAFP), founded in 1911, is a non-profit association of 3,600 food safety professionals committed to Advancing Food Safety Worldwide® by providing members worldwide with a forum to exchange information on protecting the global food supply. The Association provides its members with an information network on scientific, technical, and practical developments in food safety and sanitation through its two scientific journals, Food Protection Trends and Journal of Food Protection, its educational Annual Meeting, and interaction with other food safety professionals. www.foodprotection.org
About: Micro Imaging Technology, Inc.
Micro Imaging Technology, Inc. is a California-based public company that is also registered to do business under the name Micro Identification Technologies. MIT has developed and patented the MIT 1000, a stand-alone, rapid, optically-based, software driven system that can identify pathogenic bacteria and complete an identification test, after culturing, in three (3) minutes (average) at the lowest cost per test when compared to any other conventional method. It does not rely on chemical or biological agents, conventional processing, fluorescent tags, gas chromatography or DNA analysis. The process requires only clean filtered water and a sample of the unknown bacteria. Revenues for all rapid testing methods exceed $5 billion annually - with food safety accounting for over $3.5 billion, which is expected to surpass $4.7 billion by this year according to BCC Research. In addition, the recently passed "New" U.S. Food Safety Bill is expected to further accelerate the current annual growth rate of 6.6 percent.
In June 2009, the AOAC Research Institute (AOAC RI) awarded the Company Performance Tested Methods SM (PTM) certification for the rapid identification of Listeria. The AOAC RI provides an independent third party evaluation and expert reviews of methods and will award PTM certification to methods that demonstrate performance levels equivalent or better than other certified bacteria identifying methods. The MIT System underwent hundreds of individual tests, including ruggedness and accuracy, to earn AOAC RI's certification for the identification of Listeria.
You can find more information about our company and about Micro Identification Technologies™. Please visit our newly enhanced website at www.micro-identification.com.
This release contains statements that are forward-looking in nature. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions are forward-looking statements. These statements are made based upon information available to the Company as of the date of this release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to dependence on suppliers; short product life cycles and reductions in unit selling prices; delays in development or shipment of new products; lack of market acceptance of our new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; inability to expand our operations to support increased growth; and declining economic conditions, including a recession. These and other factors and risks associated with our business are discussed from time to time within our filings with the Securities and Exchange Commission, reference MMTC: www.sec.gov.
CONTACT INFORMATION
CONTACT:
Jeffrey Nunez
President and CEO
Email: Email Contact
Web Site: www.micro-imaging.com
Telephone: (949) 388-4546
Staphylococcus Single Blind Identification Study
May 21, 2015 06:00 ET
Press Release
This is good news for sure.
SGR,
I agree that Gregg Newhuis is a big supporter of the company which, I believe, will become a successful enterprise. Patience is obviously required for shareholders of this stock.
SGR,
Gregg Newhuis is not the Board Chairman. Jeff Nunez is.
The company has until April 16, 2015 to effect a reverse split of shares. If not done by then, shareholders will need to re-authorize a split. Detail is in the 2014 proxy.
Shares outstanding are 831.9 million after the Havelide GTL LLC acquisition. Management and directors own about a fourth of the shares. Page 23 of the proxy identifies management, directors, and other shareholders of significant share count.
http://www.sec.gov/Archives/edgar/data/1172298/000149315214000697/def14a.htm
IMO, this stock is worth holding.
If this transaction happen, it should be a big event for the company.
Natural Gas (NG), without a costly infrastructure, is problematic to transport great distances. Even more problematic than NG is elemental Hydrogen (H2), whose transport and storage are logistically challenging, even for short distances, and only on a temporary basis. Value added liquid hydrocarbons, compared to natural gas and particularly hydrogen, on the other hand, are storable, safer to transport and worth 2-5 times per kg, in comparison to liquefied natural gas (LNG).
Havelide Systems, Inc. has developed provocative, two-pronged, proprietary method, which facilitates a significantly more efficient means to transforming NG into low-molecular weight, octane-like hydrocarbon liquids. This second step, often called concatenation, will convert 88-89% by weight of the NG into low-molecular-weight liquid hydrocarbons. The remaining ~11wt% (when expressed as hydrogen) is temporarily stored in stable form to be reused for hydrogenation or recovery as H2 gas. The final product, called "light-sweet naphtha" (HavelideTm Naphtha), will be very close in chemical composition to naphtha, a mid-level refinery blend of hydrocarbons with a boiling-point range of 40-120OC.
The Havelide Process of converting Natural Gas (NG) to liquid hydrocarbons affords many advantages to the utility industry. The Havelide Process uses 1/5th the energy to convert NG to liquid hydrocarbons, and does not emit ANY pollutants into the environment (unlike the contemporary processes deployed by industry). It is also modular, which allows the avoidance of costly infrastructure as well as makes accessible stranded sources of NG.
http://www.cebip.org/HavelideSystems.php
Something may be happening. Trading seems very positive this morning.
Court to decide on derivative lawsuit settlement on December 12th.
http://www.sunriverenergy.com/snrv%20order.pdf
biztech,
The company had until November 14th to close the deal.
http://www.sec.gov/Archives/edgar/data/1081074/000118518514002774/armadaoil8k102214.htm
A Form 8-K filing deadline for most items is four business days after the occurrence of an event triggering the disclosure requirements of the form.
http://www.sec.gov/rules/final/33-8400.htm
The closing of the Purchase & Sales Agreement could have been cancelled since the price of WTI crude was lower than $76.74 on the business day prior to the closing date. The spot price was $74.13 on November 13th.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RWTC&f=D
I believe the company is required to file an 8-K today, providing an update on the purchase of the Texas leases.
It is possible that there was a non-disclosure clause agreed upon by the plantiffs and defendents.
Reading the 10-Q again this morning in a more complete manner, I noticed the following item. It seems to me that to obtain $28 million funding, the company must have had significantly favorable results from the drilling in Wyoming. A company having market capitalization of $9 million getting $28 million in financing seems remarkable to me, assuming it does happen.
Including working capital, the acquisition of the Tabbs Bay property, and capital to accomplish various drilling and recompletion projects at Tabbs Bay and in the Company’s other project areas the Company has cash needs of approximately $25,000,000. To address these needs, management has entered into a Term Sheet with a capital provider wherein the Company would obtain net fund availability of approximately $28,000,000. The intent of these actions is to acquire and finance an oil and gas property with a source of recurring revenue and to obtain sufficient capital to expand the Company’s cash flow and reserve base. Although this effort is progressing as expected, there can be no assurance that the Company will be able to close such financing on terms satisfactory to the Company.
Here is what I got from today's 10-Q filing.
Company is selling the Louisana assets.
Company borrowed money to fund PSA and obtain a loan. The following is in the 10-Q under Note 12.
Issuance of Note Payable to Related Party in Conjunction with Entry into PSA
On October 17, 2014, the Company issued a Promissory Note to Sycamore Resources, Inc., an entity controlled by Randy M. Griffin, the President and Chief Executive Officer of the Company, in the amount of $100,000. Principal and accrued interest of 12% per annum will be payable in a lump sum on or before maturity of this note, December 31, 2015. Proceeds from this borrowing were used to fund the non-refundable performance deposit under the PSA with TBELP referred to above.
Issuance of Note Payable in Conjunction with Entry into a Financing Term Sheet
On October 31, 2014, the Company issued a Promissory Note to David J. Moss in the amount of $100,000. Principal and accrued interest of 12% per annum will be payable in a lump sum on or before maturity of this note, December 31, 2015. Proceeds from this borrowing were primarily used to fund the non-refundable expense deposit required in conjunction with a preliminary Term Sheet entered into with a prospective lender.
The company appears to have an opportunity to terminate the agreement. The CME Group has the January 2015 WTI future closing at $76.69, as of 4:20 PM, Central Time.
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html[/tag]
I bought more also this week. It seems to me that the company would not want to lose the $100k retainer for the purchase if they were uncertain regarding their financing. We are overdue for an update on the drilling in Wyoming. Also, we may get good news on the state of New York's decision regarding fracking in the Java Field situated in Wyoming County.
Management had previously indicated future acquisitions. Here is what was on the company website.
We are currently evaluating producing oil and gas properties in the multiple areas area and hope to complete additional acquisitions in 2014.
I previously owned shares and just bought more this afternoon. I am interested in participating in the conference call.
They are participating in a Sevier County, Utah project.