Micro Imaging Technology Inc (MMTC)

[Kgem]

Outstanding Shares Update courtesy of diy investor

On December 6th, I talked to the company CEO and was told that share count I received from the transfer agent was grossly incorrect. Although he did not have a number at the time of the discussion, he said that the shares provided to management since the September 15th reporting of shares in the 10-Q would be a good estimate of the additional shares. This would bring the outstanding count to 172.9 million shares, not the number I received from the transfer agent which was 260.4 million shares.

After my call, I again called the transfer agent to confirm the outstanding position. I reached a different employee at the transfer agent and she would not provide me with an outstanding share number, quoting agent policy. I am quite certain that I heard the correct number earlier in the month.

I followed up my call to the CEO with an email request to have a company employee verify the outstanding position with the transfer agent and to notify me of the outcome. I have not yet heard back from the company.

Sorry for the misunderstanding. If 172.9 million shares is correct, then management and the largest shareholder (A. Frank) own 58.7% of outstanding shares.