Micromem Technologies Inc. (MMTIF)

[seek the light]

Newbuyr.....Share price has been in a 4 year decline in price. Share price is now in the bottoming stage and a close over .04 cents [check the chart] will be the start of a brand new uptrend most likely because of news as a result of the very successful 5 unit test with Chevron of the improved AROMA sensor units in oil fields in 5 different locations as reported by sjbexpres in posts on this board. [you might want to look him up and read his most recent posts from earlier this year]

The company is small and operating on a shoestring type budget. The business model is that the technology will be licensed to Chevron and the units will be made by Emerson with a contract from Chevron. The company will be paid by a royalty on each unit. So there will not be much overhead to operate and the units are high dollar and will earn the company significant revenue through those royalty payments.

The reason the units will be successful is the very high ROI [ my estimate] 80% plus on the cost of the units. And will have very compelling economics for oil companies.

These same AROMA units can be for several different tasks [ including air sampling] besides helping oil companies in fine tuning their efforts at water flooding to increase oil production.

Al the above is based on my years of experience in the equity markets, research, and common sense. And no i have NEVER talked with a company person. GLTA!!!