Micromem Technologies Inc. (MMTIF)

[LongMMTI]

I will add to what STL said. There is value to the tech. The desktop units can do local testing onsite for multiple wells. This alone saves 4-6 weeks in sampling time. The real benefit comes with wellhead units, communicating with the cloud, giving real time analytics of that well. This is where 5G comes in. Recall that chevron teamed up with Schlumberger and Microsoft to develop a background structure for all of this. That was a major piece that had to be put in place for the Atra units. Chevron and every oil/gas co is blind in terms of the efficiency of their wells except by use of tracers. The savings of 4-6 weeks of processing time and the transition to real time status will drive efficiency.

I have been in this over 20 years. I have been frustrated if not furious at some of the missteps that have occurred. I believe we are all going to be surprised at the success of this tech. Unfortunately, we have been slowed down by COVID 19. But that will not change the need for chevron, Romgaz, and others to be as cost effective as possible with the much lower revenue per barrel.

I’ve heard that family and friends own well over 50% of the stock. Maybe much more. And they keep buying in, keeping this going. They would not do that unless it was in their interest to do so. And fortunately that aligns with our interests. I am more hopeful and excited about this than I have ever been.
Long