Micromem Technologies Inc. (MMTIF): "coronairus is an excuse to cover their...

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Micromem Technologies Inc. (MMTIF)

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Re: Vela700 post# 2332

Monday, 03/23/2020 2:34:29 PM

Monday, March 23, 2020 2:34:29 PM

"coronairus is an excuse to cover their failure" Seven little words that contain two errors.
1] "coronairus is an excuse"......No it is not an excuse it is real and the oil companies are dealing with a double blow ie. oil price and Covid19.

2] "their failure"...... There has not been any failure....There is a delay.

"Micromem has been advised by each partner that the respective projects are proceeding." So the delay is by the two partners meaning the project is not progressing as quickly because of the other issues that are demanding time and attention by Chevron and Romgaz.

BTW the Government of Romania is in the midst of a almost total shutdown because of Covid19.

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