Replies to post #51434 on Micro Imaging Technology Inc (MMTC)

[Dreamchaser]

The company chose not to spend the money while more important things were at hand. With the DTCC chill, the line of credit with Duchess for 2 million dollars could not be tapped, which put the company behind in their plans and effectively put the company behind in the rent and other things. The company is about 3 months behind schedule. However, a deal that has been on the table since December is ready for finalization. News is still expected next week. So, let's keep our fingers crossed for that.