Micro Imaging Technology Inc (MMTC)

[Kgem]

I don't have anything new ysung. I did talk to MMTC management about their production progress, but was told they could not comment yet. However, this was before they received SEC approval for the Dutchess financing package. If rumors are correct about financials coming out in a week or so, then we will not hear anything until after this filing. Meanwhile, prices are likely to remain low.

I visited the other board and read that some big pumpers from the past were selling their shares, and this was what was causing the share price to drop. Although this does not make much sense to me, I guess it is as good as anything for a possible explanation. Why someone would want to sell right after the finance approval and just before Congress meets to discuss new legislation that could directly impact MMTC is beyond me.

As for your question about staffing. MMTC was understaffed to handle the workload resulting from FDA adoption of their technology. Therefore, I can only assume that they are beefing up their staff because they have expectations of increased workload coming their way. Without comment from the company, we can only guess what this means. However, I suspect good things may be coming in the not too distant future. Otherwise, why spend the money hiring additional professional staff? Hope this helps, and best of luck to you.


Kgem