Micro Imaging Technology Inc (MMTC)

[StrengthenNumbers]

Funny...





...The dirty D has reared its ugly head via S-1, the CEO has resigned, yet no blood-red stampede for the exits, just a few points south. A few million trade at the beginning of the day, but there is no avalanche of free-fall shares driving us into the dirt. It's almost as if the market thinks MMTC can easily absorb the new shares. One might even surmise that strong hands see that operating funds will be in place, that business will continue toward the stated goals, just as one can imagine reasons for Brennan to step aside that might be very positive for the shareholders.

I'd rather hear that the new shares were restricted and issued via private placement to the new board members, but there's likely still news coming and some of it may explain why we need the funds. No guarantees, but anyone saying this ride is over might miss one serious run.

Or maybe they want you to miss it.