Replies to post #3951 on Micro Imaging Technology Inc (MMTC)

[ysung]

How can they possibly start the main
production with no money ?

Even after more delay getting additional
certified for this and that, they are only
drawing 10k a month from that 5 mil
equity deal.

We have seen smaller amts of financing
done here and there which probably
used for monthly office expense.

To start the main production through
Osis, we are talking a lot of mula to
pay for 40 units ?

[Klinkerhoffen]

"Start-up of production" involves producing a first unit too, which has to be validated before proceeding.
First unit produced by OSIS was december 24 (see PR)
So stop nitpicking about that they didnt meet their "deadline" for production by end-of-year.

You have your interpretation , I have mine, no point in further discussing this.

K