Micromem Technologies Inc. (MMTIF)

[Ramberts]

"The following comment by MMTIF management is very interesting given it's placement in this report:

"8. Describe the acquisition of new customers or loss of customers.
The Company continues to develop the scope of its activities particularly with its existing client in the oil sector. The Company continues to evaluate new potential opportunities in other sectors." Think about it."

They have copied and pasted this same thing in every monthly update since I can remember.

"" Also, an installation for this application doesn't seem like it ever began, lol, maybe they talked to someone and asked them if they wanted it installed, and they said let us think about it is what they are referring to? "

Even a real CPA would not suggest this, JMO!!!!"

No doubt, a Certified Financial Planner would say something like this. A Chartered Public Accountant while auditing would say something like, "How do they keep getting new private placements and bridge loans from people for 20 years with no revenue and terrible balance sheet, is this a Ponzi Scheme?"