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mastaflash

09/16/10 12:05 PM

#7647 RE: kingfisher1964 #7645

"7 Mio USD of prposed funding" - A group of investors will front up to $7M...however, it is restricted in that performance benchmarks must be met before $ becomes available. Needless to say, the company has strong a incentive to produce. You can read the details on starting page II-4:

http://www.sec.gov/Archives/edgar/data/1092945/000143774910002978/metiscan_s1a3-090810.htm

The key points:

- company cannot R/S until 2013, without consent of the investors
- cash for preferred shares...no toxic convertibles.
- restrictions on what money can be spent on.
- must provide public adequate current information about us within the meaning of Rule 144(c)
- first 'breakout' @ .012 they will receive $110,752 to $405,085...there are 24 breakouts up to .03...and are 30 day avg!

This is a sweet deal any way you look at it.

woogieboogiedance

09/16/10 1:23 PM

#7649 RE: kingfisher1964 #7645

I live in Dallas area where the MTIZ's headquater is located. I went to their office and posted some pics in this message board. I thought this company was a hiddend gem, but I stared to doubt about that because of management's unprofessional activities. I still hold ~2M shares.