Microelectronics Technology Co. (fka MELY)

[SooS416]

For the 3 months ended 3/31 they had total expenses of 545k

Revs 2M per year/4 250K/Quarter

This means even with 2M in revs they still may not turn a profit, this increases there chance in traditional financing but look at VP$R, did $1M in Q1 with better SS and still needed convertible debt. Now convertible debt is not a bad thing, even the big boy companies use it but it is a concern that a RS can happen.

I just don't know how much it will run before a crossroads happens