Replies to post #7078 on Micro Imaging Technology Inc (MMTC)

[forseer]

My post was not negative nor positive, it was neutral - I am here to try to help people understand the valuation of the company, not bash it down.

[forseer]

Also, according to the latest 10 - Q, it appears that 3 units have been sold at an aggregate cost of around 30,000 to the company - implying that the cost per unit is on average about 10,000 - and whenever buying in bulk there is always a discount, so I would fairly assume I cost basis per unit to the company anywhere between 6 and 9k per unit.

Sales equated to an aggregate sum of around 60,000 for the three units, implying a sale price of around 20,000 per unit. = Equates to $2,000,000 in revenue with over $1,000,000 on gross profit depending on unit contribution margin.

Here's the good thing - If EPOR is as you say, 'An empty shell', why would a well established manufacturer like OSI Systems (Market Cap. of >750 Million) agree to produce 700k - $1 Million worth of inventory for MMTC?

The answer - they must expect to be paid back in full. Companies like OSI Systems do rigorously check into the credit worthiness of an ordering company before transacting - almost as a bank would when contemplating the authorization of a loan.