Replies to post #291 on Micromem Technologies Inc. (MMTIF)

[JBWolverine]

Thank you for posting the quotes. Yes, those are all as I remember them. Some are nicely written to convey cause the reader to misconstrue the meaning.

For instance, your "As a result of the successful test the oil company partner has accepted a final invoice of approximately USD $193,000 and will remit payment in the first week of January 2016...The units that will be delivered for field trials are also product sales and not research and development.Under the deployment proposal the partner will take 2,000 units over a 4 year period at an approximate sale price of USD $100,000 per Interwell Tracer device." December 2015: 2000 * $100,000 = $200 million dollars...some proposal! I also didn't see $193k in revenue ddid anyone else catch that?

The $100,000 amount is the sale price Chevron would charge in the sale to other energy companies. Micromem's slice of that would be the rumored $17,000. It is easy to misconstrue, eh?

Have to go. Between you and EmRAM, you have provided some additional support that for me has slipped away in time. This is the 16th AGM I have attended! What an expense in money and time.

Thanks

--JB

[JBWolverine]

One more thought...

On Your comment "I question motives of a lot of bulls in this investment and seeing the history of this company, I really question if people are actually bulls and not employees, no offense to anyone, it just goes through my head it just doesn't seem logical. I have heard of the phrase fool me once, shame on you, fool me twice shame on me. I have never heard a phrase, fool me once shame on you, fool me 50 times shame on me... "

Some of us long-timers picked up shares in the P&D in 2000, and then saw the recovery effort in 2008 with Dr. Harry Ruda developing the new tech in 2007-2008. It later turned out his MRAM was actually a better sensor cell than a memory cell (discovered by Steve Van Fleet), so that started the sensor direction. I have watched about a dozen videos of various sensor tests performed by Driefus Labs as part of the Saudi Aramco project that was to sense particulates in oil. The sensors are truly ultra sensitive and wooden sticks had to be used to move the slides under the sensor stand because the sensors would register their sensing of the blood in the fingers or hand when used to push the slide sample under the sensor unit.

I agree with you that more money could have been made elsewhere-- the "hindsight is always 20-20" saying sure applied. But I know I was always drawn to the technology and I think having Steven Van Fleet and Brian Von Herzen involved made the decision to stay with MMTIF easier to stomach. If SVF goes, this company is toast without any doubt.

Have to go....

--JB

[EmRam]

Impressive!

A couple of comments:

*Add RusNano and Texas Instruments. I think we already have IBM, don't we? Corinthian Partners I believe were the major US investment bank coming to help too!

*During another Google search (these make me sick and I still haven't figured out why I even bother) I found this. Forgot all about these guys.
http://www.siliconinvestor.com/readmsg.aspx?msgid=24274320

*For more shits and giggles: http://www.siliconinvestor.com/subject.aspx?subjectid=28014

*SVF: Don't get fooled by him. He is very good at either covering for Joseph or coming up with the "it wasn't me holding this back" line. Keep in mind this fact: SVF has been there for over a decade. Neither he nor any of the other techies have delivered anything of value. NOTHING. They have enriched themselves over the years with salaries and expenses. As of today, there is NO technology that is of any real value. The share price is .17 for a reason. (Disclaimer: After the AGM and the annual feel good presentation put on by SVF, the price will likely recover to .20 cents. After all, that new partner, XYX Company from Country B, is about to sign a $100M per month contract. All revenues to be put in the correct column in the crooked financials this time. 100%.

*Was sent a copy of a post on Nabble yesterday regarding an investor who was upset but now feels better after speaking to Joseph and being shown emails that proved that the company is on the right track. Apparently, this gentleman is now buying back some shares that he previously sold. Is it not clear to everyone that this is what the Fuda family does best? When being questioned, invite the shareholder over. Make them feel like an insider. Show them emails and copies of contracts with fancy letterhead on them. Voila! Problem solved. (Interesting thought: Was this investor shown non-public information to calm him down? Last time I checked, this is illegal.

*The Micromem press release states that all financials are up to date and correct. Sure they are. Yes, they are. But that doesn't make the false or misstated press releases ok. As I stated before, Dan Amadori's job is to dot the I's and cross the T's. He does that well and obviously has no conscience.

*Unfortunately John we haven't met yet. I am sure that will change soon. I don't know where you are located but it is not only the West Coast where the shareholders are suffering. The Fuda Clan worked the streets very well back in '98/'99 in Canada, the US, and Europe. I was part of an investment club that pooled our resources and made our first purchase at $9.10 and it has been down from there ever since. Of course, all of the investors got greedy and we made individual purchases as well. 'Twas a not so great idea!

*Some helpful links for those who have had enough:

http://www.rcmp-grc.gc.ca/ccb-sddc/fraud-fraude-eng.htm
http://www.osc.gov.on.ca/en/contactus_index.htm
https://denebleo.sec.gov/TCRExternal/questionaire.xhtml
https://tips.fbi.gov/

[EmRam]

Impressive!

A couple of comments:

*Add RusNano and Texas Instruments. I think we already have IBM, don't we? Corinthian Partners I believe were the major US investment bank coming to help too!

*During another Google search (these make me sick and I still haven't figured out why I even bother) I found this. Forgot all about these guys.
http://www.siliconinvestor.com/readmsg.aspx?msgid=24274320

*For more shits and giggles: http://www.siliconinvestor.com/subject.aspx?subjectid=28014

*SVF: Don't get fooled by him. He is very good at either covering for Joseph or coming up with the "it wasn't me holding this back" line. Keep in mind this fact: SVF has been there for over a decade. Neither he nor any of the other techies have delivered anything of value. NOTHING. They have enriched themselves over the years with salaries and expenses. As of today, there is NO technology that is of any real value. The share price is .17 for a reason. (Disclaimer: After the AGM and the annual feel good presentation put on by SVF, the price will likely recover to .20 cents. After all, that new partner, XYX Company from Country B, is about to sign a $100M per month contract. All revenues to be put in the correct column in the crooked financials this time. 100%.

*Was sent a copy of a post on Nabble yesterday regarding an investor who was upset but now feels better after speaking to Joseph and being shown emails that proved that the company is on the right track. Apparently, this gentleman is now buying back some shares that he previously sold. Is it not clear to everyone that this is what the Fuda family does best? When being questioned, invite the shareholder over. Make them feel like an insider. Show them emails and copies of contracts with fancy letterhead on them. Voila! Problem solved. (Interesting thought: Was this investor shown non-public information to calm him down? Last time I checked, this is illegal.

*The Micromem press release states that all financials are up to date and correct. Sure they are. Yes, they are. But that doesn't make the false or misstated press releases ok. As I stated before, Dan Amadori's job is to dot the I's and cross the T's. He does that well and obviously has no conscience.

*Unfortunately John we haven't met yet. I am sure that will change soon. I don't know where you are located but it is not only the West Coast where the shareholders are suffering. The Fuda Clan worked the streets very well back in '98/'99 in Canada, the US, and Europe. I was part of an investment club that pooled our resources and made our first purchase at $9.10 and it has been down from there ever since. Of course, all of the investors got greedy and we made individual purchases as well. 'Twas a not so great idea!

*Some helpful links for those who have had enough:

http://www.rcmp-grc.gc.ca/ccb-sddc/fraud-fraude-eng.htm
http://www.osc.gov.on.ca/en/contactus_index.htm
https://denebleo.sec.gov/TCRExternal/questionaire.xhtml
https://tips.fbi.gov/

[Ramberts]

Bump read this post and the post replied to. More than to Flextronics, oil pan, northwest utilities...