Replies to post #6012 on Micro Imaging Technology Inc (MMTC)

[Zer0Veritas]

after that do you see it basically shot the ask up to .004?

[Zer0Veritas]

Micro Identification Technologies has new MRSA Test
Micro Identification Technologies, Inc. (MMTC.OB) Offers Best Solution to Major Problem - International Business Times. Micro Identification Technologies believes it has the single best solution to this growing concern in the form of a laser detection system called the MIT 1000. It’s the world’s only non-biological automated system for identifying bacteria, using proprietary software to analyze and interpret the complex patterns generated by laser light reflected off the microbes. Compared to traditional methods of identification, the MIT 1000 offers a far quicker, simpler, and less costly way of spotting potentially dangerous contaminates. The system has already been produced for major health agencies such as the U.S. Department of Agriculture and the Japanese Ministry of Food Safety. The need for such improved pathogen identification is reflected in the marketplace, where the revenues for rapid testing methods have expanded at an annual rate of over 9% since 1998, and already exceed $5 billion annually. Current growth projections are at 10.2% annually, reaching $6.2 billion by 2013. For more information, visit www.micro-identification.com.

link:http://tahilla.typepad.com/mrsawatch/2010/09/micro-identification-technologies-has-new-mrsa-test.html

[CaptJake]

According to documents,

On February 16, 2011 the Board of Directors authorized the formation of the 2011 Employee Benefit Plan which is authorized to grant up to Fifteen (15) million shares of common stock or options to purchase common stock to eligible employees, directors, officers, consultants or advisors. Eligibility is determined by the Board of Directors. During the six month period ended April 30,2011,the Companyissued ten million five hundred thousand (10,500) shares of common stock under the Benefit Plan to consultants for services rendered in the aggregate sum of $81,000.

IMO todays price shake was the rest of those 15mil being distributed. This company just signed a financial agreement, they now have a new funding source, much larger than they ever have before.