Micromem Technologies Inc. (MMTIF)

[Ramberts]

MMTIF is an interesting trading story. There are times where this stock shoots up just like yesterday, but always seems to trend lower over the long haul. The PR's that contain false information in conjunction with short-term run-ups that seems to last less than a month seems kind of P&D to me.

What legitimate company proudly boasts in a public PR that they received x amount of dollars, and that it will be reported specifically as revenue and not as a deferred research and development recovery cost? "The first payment of US $200,000 for work to be completed by the Company under this agreement will be received on or before September 8, 2016. The funds will be reported as revenue, not as a recovery of deferred development costs"

This company has never reported revenue, and has never clarified why, or offered an explanation on why the PR was obviously false. This company has a long history of making false and misleading PR's, and if the company were based in the US, the officers would have been barred from public companies, or in jail. The Fuda's have also been investigated by the RMCP for being involved in the Italian mafia. They've owned multiple penny stock companies that have failed.

In summary, be careful with long-term investments. This can be a fruitful short-term play, I think it has the potential to pop even more, not due to the qualities of the company, but because this company knows how to sell shares. They have a team of shadies touring Canada, see http://investorvoice.ca/PI/3625.htm.