![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, August 05, 2011 2:56:01 PM
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8052948
It's Dutchess. They have agreed to put in up to $5M over 36 months.
MMTC will issue no less than 40M shares, and a maximum of 125M shares for the $5M depending on market conditions and MMTC's stock price.
This puts MMTC between .04 and .125
More specifically, the 36 month agreement gives MMTC about $1.7M in cash/year, which can be considered earnings to grow with. Use PE 20 on $1.7M, get a net worth of $34M. The O/S will be near 300M according to the SEC Prospectus Filing, so that is PPS .11
Dutchess, by the way folks, is a $3B fund
Second from right side, 4 down. Boom:
http://dutchesscapital.com/select_deals
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