Microelectronics Technology Co. (fka MELY)

[Jk384]

You are right I can't think of any reason this would make sense....

Unless it is going to be used for an acquisition or to prevent a hostile takeover (long shot). Also, could this have anything to do with the 5 million dollars in dilution free loan if they end up being retired in the future?

If they were just going to keep diluting it then why not print off the rest of the shares that they had left?

here is the link
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=wVnebV4BOymPxDq8tQXLRw%253d%253d&CorpName=MICROELECTRONICS+TECHNOLOGY+COMPANY