Micro Imaging Technology Inc (MMTC)

[StrengthenNumbers]

Brennan has a pretty good track record...





It's easy to fault the guy trying to make us all wealthy, or wealthier in his own case. Brennan has brought some companies to the big boards and regardless of how he is able to keep shareholders informed with MMTC, he is a guy who gets big things done. He would not have gotten to where he is being a liar. I also think the shareholders are better served by having him in the lab, the board room, the patent office, instead of typing out garbage PR info to appease day traders.

I find it easy to believe the claims of the company re. the MIT-1000, because I have a friend who works in biomed, and he regularly works on the design of machines that count or ID cells with laser reflective technology. The MIT-1000 is a completely feasible technology, developed by a scientist, computer specialist, and businessman who has proven he can bring his ideas into profitable enterprise. Obviously the folks at Epic have reason to believe that their efforts will be rewarded, as do the MMTC insiders and their heavy ownership.

And yes, given that an official news release stated that the company has orders for 100, 20 for immediate delivery, it seems likely they do have customers. Remember, Brennan and the BOD can get in big trouble for deliberately misleading investors about developments. I seem to recall an OSIS NR stating that they would be willing to work with MMTC jointly financing the production based on projected receivables. If they are a world-class manufacturer as claimed, they can surely crank out 100 rounds of a machine that was designed over the course of 10 years. It seems MMTC is working out certifications and software libraries while the actual hardware is production ready.

I would add that the decision to market abroad strikes me as prescient. Too many biomeds get caught up in FDA (non) approval process. NAMSA and ACOC certified with the goal being WTO approval is the way to go for this system. The USDA and FDA will be broke soon, so MMTC should pursue international markets, both governmental and corporate.