Replies to post #2576 on Micro Imaging Technology Inc (MMTC)

[diy_investor]

Kgem,

My rough (Brennan, Hollander & Frank) float number is 101.5 million shares (39% of outstanding shares).


Insider / Affiliate Shares Date of Filing
M. Brennan 23,298,600 Monday, November 01, 2010
V. Hollander 20,136,436 Monday, November 01, 2010
A. Frank 58,035,586 Monday, March 22, 2010
Total Float: 101,470,622 % of o/s - 39.0%

As for restricted share count, my guess is that the new 100 million shares have a 6 month restriction, being unregistered shares sold. It is likely that the early private placement investors are dumping shares that came off restriction (e.g. obtained prior to May 2010).

I still believe the registered Dutchess shares have not been introduced into the market.