Micromem Technologies Inc. (MMTIF)

[seek the light]

Wingtrade.....Please read the following to get my take on your question and why we have been buying shares for over 10 months at .o4 cents or less per share.

I understand your concern, and to some degree share it. The company needs to get to cash flow quickly. Then they would be able to buy back the convertible debentures. They might with a signed contract be able to leverage that to quickly reduce debt.

Once they are cash flow positive there is no problem with debt because their business model is based on cash flow coming from royalty payments from licensing the product to the end users. Meaning very low overhead is relationship to revenue. So the cash flow should quickly build to the point the company can return some of it to shareholders through buy backs and/or dividends.

The ARTRA units have a huge potential market and the present very small market cap is greatly undervaluing that market potential. The ROI will compel widespread usage of the ARTRA units. The simplest and most effective way for the bottom line of Oil and Gas companies with maturing fields to increase the ultimate percentage of recovery of that oil and gas is to improve the efficiency of their water flooding efforts. And the ARTRA units can generate the data to help achieve that goal.

So bottom line the present situation is that the share price has been depressed to the point that one can make a strong case for buying the shares NOW, no matter what the ultimate OS turns out to be. One can make the case that even a doubling of share count [which i do not think will happen] does not invalidate the tremendous value for those who buy the shares at at price of .04 cents or below. ALL JMO!!!!