Micro Imaging Technology Inc (MMTC)

[Chaos13]

I was not thrilled about the following paragraph in today's release.

Sounds like they are confirming that there will be dillution. I am hoping additional good news comes out to overcome this. I still think we have a great product with potential, but I am concerned about dillution.

Commenting on the request to increase the authorized number of shares, the Company's Chief Financial Officer Victor Hollander noted that, "The Company's development stage, which commenced in November 2005, has required almost $16 million in funding which has been provided from a variety of equity sources, including continual purchases of Common Stock by the Company's three largest shareholders. Consequently, as we prepare to launch our products in a $5 billion market, we must in the near term still be reliant on equity funding."