Micro Imaging Technology Inc (MMTC)

[Top Penny]

MMTC ~ Here is the excerpt from the most recent 10Q concerning the 39% discount, it's the only discount that exist, it was just this one instance. Don't listen to the detractors.

Between July 18, 2013 and January 9, 2014, the Company entered into three new Securities Purchase Agreements with the lender, for total proceeds of $117,500, and paid a total of $7,500 out of the proceeds of the notes to lender for legal fees and expenses related to the referenced agreements. The notes mature between April 22, 2014 and October 13, 2014 and are convertible into shares of common stock at a discount of 39% of the average of the lowest three closing bid prices of the common stock during the ten trading days prior to the conversion date.