Replies to post #95477 on Micro Imaging Technology Inc (MMTC)

[Top Penny]

You obviously haven't been watching MMTC closely, dilution has been nonexistent, the company isn't diluting. MMTC must have secured funding.

-IMHO

[Top Penny]

ZERO DILUTION!!!

[Top Penny]

Proof that OSI Systems is the official manufacturer of the MIT.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

**From the most recent 10Q**

In April 2012, the Company commenced the production phase of its MIT 1000 Rapid Microbial Identification System with its Hawthorne, California-based manufacturing partner.

**OSI Systems is headquartered in Hawthorne, California


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
**At seven minutes and twenty seconds into this video OSI Systems is stated to be the official MIT manufacturer**

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

**OSI Systems PR**

Micro Identification Technologies (MMTC) Contracts OSI Optoelectronics to Manufacture the MIT 1000 Rapid Microbial Identification System

5/26/2010 10:37:30 AM

SAN CLEMENTE, CA--(Marketwire - May 26, 2010) - Micro Identification Technologies, Inc. (OTCBB: MMTC) announced that it has signed an Agreement with OSI Optoelectronics (OSIO), a subsidiary of OSI Systems (NASDAQ: OSIS) to manufacture its microbial rapid identification system, the MIT 1000. OSIO has manufacturing facilities in California, Malaysia and India. "All of OSIO's world class facilities are ISO 9001:2000 certified and FDA registered and GMP compliant making them a perfect company to fabricate MIT's systems for its current food safety applications and its planned pharmaceutical and clinical diagnostic applications," stated John Ricardi, MIT's Executive Vice President and Chief Operating Officer. In addition, OSIO fabricates the photodiode detectors that are used in the MIT 1000 and has the ability to supply other components. OSIO's vast experience in MIT's targeted markets will also enable them to assist MIT in future product designs to both accelerate and ensure those products meet the stringent requirements of those industries. "We are pleased to work with MIT as we feel their innovative product will become a valuable tool to help prevent widespread bacterial contamination," stated Manoocher Mansouri, OSIO's President.

MIT currently produces the MIT 1000 Rapid Microbial Identification (ID) System that can identify bacteria in less than five minutes after culturing at a cost less than 10 cents per test.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

-IMHO

[Top Penny]

MMTC - Old but good MMTC video...

[Top Penny]

MY RECENT CONVERSATION WITH DR. SHARP

I spoke with Dr. Sharp at Northern Michigan University yesterday via telephone. I asked Dr. Sharp if they were still working on the four to five hour test turnaround time or if they were waiting for additional funds from MMTC. Dr. Sharp told me the four to five hour test turnaround time is still being worked on, I then asked him if that meant MMTC had provided him with money to further studies, he replied saying that he signed a non disclosure agreement with MMTC so he can't say whether or not MMTC has provided NMU with additional funds. However, he said he can say that the four to five hour test turnaround time is STILL BEING WORKED ON. I asked him if the four to five hour test turnaround time was progressing successfully, he said he was very pleased with the results thus far. Dr. Sharp said the approach MMTC is taking is a novel approach and if the four to five hour test turnaround time is successful the MIT will be very competitive in comparison to other testing methods. I was very pleased after hanging up with Dr. Sharp, it made me want to buy more shares. I encourage others to telephone Dr. Sharp, he is extremely polite and professional.

[Top Penny]

MMTC - David Haavig saw it fit to invest $50,000 of his own money into MMTC stock. Always a good sign when a company's chief scientist is buying shares of the company. Don't you think David Haavig would be the first to know whether or not the MIT were obsolete, he is the company's chief scientist after all lol. Of course Dr. Haavig would know it the MIT were obsolete, obviously its not and Dr. Haavig is putting his money where his mouth is. See the following from the most recent 10Q...

On November 13, 2013, the Company’s Chief Scientist, David Haavig, purchased 100,000 shares of common stock for $0.50 per share, or $50,000.

[Top Penny]

MMTC - If there is any one person who would know the chances of success for the MIT it's David Haavig, MMTC's chief scientist. Dr. Haavig would know if the MIT were obsolete, he would know if there were any problems with the MIT, he would know everything and anything about the MIT. So why is it that Dr. Haavig spent $50,000 of his own personal funds to purchase MMTC stock on November 13, 2013. This is the question everyone should be asking. Obviously Dr. Haavig feels the MIT is not obsolete, obviously Dr. Haavig feels the MIT has huge potential, if he didn't feel this way he wouldn't have dropped $50,000 of his own money on MMTC stock. Anytime you see a company's chief scientist buying large amounts of stock it's bullish. If Dr. Haavig is buying MMTC stock than so am I. :-D

On November 13, 2013, the Company’s Chief Scientist, David Haavig, purchased 100,000 shares of common stock for $0.50 per share, or $50,000.

[Top Penny]

MMTC - I like how David Haavig spent $50,000 of his own personal funds on MMTC stock, it really says a lot. If you think about it, if there were any one person who would know whether or not the MIT was competitive or not it would be Dr. Haavig the company's chief scientist. Dr. Haavig is the true genius behind MMTC, the fact that he dropped $50,000 of his own money on MMTC stock goes to show he truly believes in the future of the MIT. Because Dr. Haavig dropped $50,000 of his own money on MMTC stock we now know the MIT is not obsolete, we now know the MIT is highly competitive when compared to other testing methods. People don't just throw $50,000 at anything without good reason, that's a lot of money for Dr. Haavig. Dr. Haavig's salary is not that exorbitant, $50,000 cash is a lot of money to Dr. Haavig. It's very inspiring that insiders continue to put their money where their mouth is. :-D

On November 13, 2013, the Company’s Chief Scientist, David Haavig, purchased 100,000 shares of common stock for $0.50 per share, or $50,000.

-IMHO

[Top Penny]

The MIT is soon to be in a class of its own once the four to five hour test turnaround time is complete, the best part is, the four to five hour test turnaround time is being worked on as we speak. Northern Michigan University is being funded by MMTC, research is ongoing and underway, the four to five hour test turnaround time will soon be a reality making the MIT the best in breed!



-IMHO

[Top Penny]

DR. BHUNIA FROM PURDUE UNIVERSITY MENTIONS THE MIT 1000 IN A PEER REVIEWED JOURNAL!!! HERE IS THE EXCERPT AND LINK...



LINK: http://www.medscape.com/viewarticle/833627_3

[Top Penny]

AND TO THINK SOME SUGGESTED NORTHERN MICHIGAN UNIVERSITY IS NO LONGER WORKING WITH MMTC. SOME EVEN CLAIMED THEY HAD SPOKEN WITH DR. SHARP AT NMU CLAIMING HE IS THE ONE WHO SAID MMTC RAN OUT OF MONEY TO FUND ADDITIONAL RESEARCH, IT LOOKS LIKE THE PROOF IS IN THE PUDDING. WE NOW KNOW CERTAIN INDIVIDUALS WERE INDEED TWISTING THE TRUTH LMFAO!!! NORTHERN MICHIGAN UNIVERSITY IS STILL BEING FUNDED BY MMTC AS EVIDENCED HERE...

[Top Penny]

NORTHERN MICHIGAN UNIVERSITY STILL BEING FUNDED BY MMTC AS EVIDENCED HERE...

[Top Penny]

UNIVERSITY COLLABORATION IS HUGE!!!

[Top Penny]

MMTC - That's so far from the truth it's not even funny. There hasn't been any dilution for a significant period of time, anyone who's been following MMTC will see this. In my opinion MMTC has secured funding, there's a reason the company isn't diluting.



-IMHO