Replies to post #81004 on Micro Imaging Technology Inc (MMTC)

[Militia Man]

It is not hard to understand. Value at R/S doesn't change. Yes of course shares, when opening for trading go up and down, everyday stuff. The kicker is ( I think we think alike.) we are betting that the company has goods, bottom line. Common sense tells us by reading the filings that MMTC insiders are in the driver seat. They are the largest share holders and want to succeed. JN told me to ask myself would you put up 100s of thousands and in cases like Anthony Frank and Greg Newhuis put up millions of dollars of their own money to loose it? All the time and effort to be current in there OTCQB reporting and on time, successful in getting the DTCC chill lifted, buying 90% - 95% of the A/S, go to three shows, one more in the near term, spanked Alpine in Public (kicked to the curb or what? $1.6 million counter suit, as well!!.), etc.

Keep in mind there are trades by the insiders and many of them that are underwater in the filings, and even recently trades of $.0017 for a healthy sum, too. We ca see where there dtermination comes from. So, keep in mind the selling promotions we see are just what they are. Selling promotions to shake out weak hands. Any and all Brokerage accounts will need to be balanced when the R/S hits. That means if there is a short position it will need to be covered, that simple. To me the negative sentiment against MMTC is a clear sign of it. As we can see there are traders here that need to do DD and not just google pink sheet R/S stocks either. They need to know that R/S can be a huge boon to the very few companies in Pinkydom that do them. Typically they are abused and get a bad name, and in many case rightfully so. The bet here for me is that the DD, the people behind it all, the money spent and the connections MMTC has to date will prove my theory right that my investment is all good Also, note that we do have members of the Board with deep pockets, a passion to win, a belief that the MIT1000A is a winner and know the markets and how they work.. I suggest everyone trade accordingly.. gltua

[flaflyersfan]

kalstone, incorrect. MMTC could find the money somplace to build MIT units and sell them, but it does not make MMTC stock magically go up. People "invest" in penny stocks thinking that business matters or one penny stock is better than others because of a product or service which are mistakes. Buyers vs. Sellers and what the company does with their stock is all that matters. period.
Insiders buying and receiving/acquiring stock is also not a reason to invest. As stated, since MMTC has no revenues and little possibility of obtaining them the only way insiders make any money is by eventually selling the stock. I believe that this is the main intent of the Reverse Split. MMTC meets no qualifications whatsoever for Nasdaq listing andshare price is too low and there is such little interest in buying MMTC stock at its all-time low that insiders could not sell enough to make any significant $$$
Lastly, the product. A quick Google search shows at least 10 Listeria tests and consider that everyone in food safety is using something other than an MIT1000 currently. If it was "the best/ fastest/ least expensive" test in the market why has not a single unit been sold in 11+ years? The fact that MMTC continues to wait for certifications of their product proves that they do not have a working product that could be purchased today.

If MMTC can come up with something that will make a lot of new people buy MMTC stock then the stock has a chance. All that other stuff is intersting but really does not matter.

Good luck.