Micro Imaging Technology Inc (MMTC)

[cottonmather]

mmtc BS versus REALITY. We all know how newhuis bought 800,000,000 mmtc shares for .001, a 150% discount to market (split adjusted in early 2012). To further support he sold is the SEC report claim that he, later in the year, refused an option to buy more at the nearer market price of .003.

The significance is mmtc began failing AOAC certification attempts in 2012. My Purdue sources say three attempts were made between 2012 and 2014. If everything was okay, Director newhuis would certainly expand his position. But he did not. Between May 9 and September 28, 2012, the Company issued a total of 800 million shares of common stock to Gregg Newhuis, a Director of the Company, for proceeds of $800,000, or $0.001 per share. See also Item 13 – “Subsequent Events” – in the accompanying Notes to Consolidated Financial Statements. In September 2012, Mr. Newhuis also received a one-year option to purchase up to 400 million shares of common stock at $0.003 per share. The option was subsequently cancelled in October 2012 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9132387 mmtc failed a second SEC report announcement in 2014. mmtc REALLY SUCKS