Micro Imaging Technology Inc (MMTC)

[dogma]

S-1/A Filing
I think MMTC hasn't received any finance from the Dutchess. Here is my reasoning if you look at the agreement with Dutchess, it states that it would use the past 5 trading days at 95% PPS to come up with a PPS to sell its 11,000,000 shares to Dutchess. The date on the S-1/A is Aug 19 and the PPS at that time was in the .02s. I think this is an Admendment to the first S-1/A. I think the SEC has to approve the sale of the stock before MMTC can receive any financing from Dutchess. I think MMTC filed the S-1/A with the SEC and then it goes under review where the SEC either accept, rejects, or sends it back for admendments. What do you guys think. I'm not that educated in the rules and regulations of the SEC.
Dogma