They haven't generated a dime in revenue in 3 years and have a quick ratio so bad it makes your hair stand on end, most of the unpaid deficit in current liabilities accrued PAYROLL expenses. That's BK territory!
The train is leaving the station~~New STRONG BUY rating out today from Sierra World Equity Review
Nunez now owns over 40M shares. He, Newhuis and Pett are clearly buying up the float, and now with open market buys. My guess is they want the SS tight and accounted for when an offer is made for this company. They may retire some of the shares to make the company more attractive to suitors, but the market for food safety technology is huge and the demand may support the current SS.
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
NUNEZ JEFFREY G 2. Issuer Name and Ticker or Trading Symbol
MICRO IMAGING TECHNOLOGY, INC. [ MMTC ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
970 CALLE AMANECER, SUITE F 3. Date of Earliest Transaction (MM/DD/YYYY)
SAN CLEMENTE, CA 92673
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 10/31/2012 10/31/2012 A 2100840 A $0.0024 25677269 D
Class A Common Stock 10/31/2012 10/31/2012 A 1033058 A $0.0024 26710327 D
Class A Common Stock 10/31/2012 10/31/2012 A 1773050 A $0.0028 28483377 D
Class A Common Stock 10/31/2012 10/31/2012 A 2568493 A $0.0029 31051870 D
Class A Common Stock 10/31/2012 10/31/2012 A 1689189 A $0.003 32741059 D
Class A Common Stock 10/31/2012 10/31/2012 A 1655629 A $0.003 34396688 D
Class A Common Stock 10/31/2012 10/31/2012 A 1623377 A $0.0031 36020065 D
Class A Common Stock 10/31/2012 10/31/2012 A 480769 A $0.0031 36500834 D
Class A Common Stock 10/31/2012 10/31/2012 A 1552795 A $0.0032 38053629 D
Class A Common Stock 10/31/2012 10/31/2012 A 1515152 A $0.0033 39568781 D
Class A Common Stock 10/31/2012 10/31/2012 A 842697 A $0.0036 40411477 D
Class A Common Stock 10/31/2012 10/31/2012 A 921053 A $0.0038 41322530 D
Micro Imaging Technology to Present the MIT 1000 at the International Conference for Food Safety and Quality
Today : Wednesday 17 October 2012
Micro Imaging Technology, Inc. (OTCQB: MMTC) announced that it will attend the 7th Annual International Conference for Food Safety and Quality on November 13-14, 2012 in Chicago, Illinois. We will have the privilege of making a brief presentation of our Rapid Microbial Identification System, the MIT 1000, to food safety professionals throughout the government, academia and food supply industries.
Each year, the Food Safety Institute of America hosts a conference which provides attendees with information on current and emerging food safety issues, the latest science, innovative solutions to new and recurring problems, and the opportunity to network with thousands of food safety professionals from around the globe. "This conference will be another excellent opportunity to bring the MIT 1000 to the direct attention of the food safety community and those professionals who will embrace the value of our technology and its diagnostic capabilities," stated Jeff Nunez, MIT's Chairman and CEO. "As we expand on our marketing strategy and increase attention on the MIT brand, we anticipate that our product will continue to generate a great deal of interest."
The MIT 1000 is a stand-alone, optically-based, software driven system that can detect pathogenic bacteria and complete an identifying test in less than five (5) minutes for pennies per test. According to MIT's Chief Scientist, David Haavig, PhD, "In the U.S. alone, around 76 million cases of food-borne illnesses, resulting in 325,000 hospitalizations and 5,000 deaths, are estimated to occur each year. The leading cause of these illnesses and deaths are three main strains of bacteria: E. coli, Salmonella, and Listeria. Rapid identification of these disease-causing pathogens in food is critical to the health and safety of all consumers."
The AOAC Research Institute (AOAC RI) awarded the Company in June 2009, Performance Tested Methods SM (PTM) certification for the rapid identification of Listeria. The AOAC RI provides an independent third party evaluation and expert reviews of methods and will award PTM certification to methods that demonstrate performance levels equivalent or better than other certified bacteria identifying methods. The MIT System underwent hundreds of individual tests, including ruggedness and accuracy, to earn AOAC RI's certification for the identification of Listeria.
About: AOAC International and AOAC Research Institute
AOAC INTERNATIONAL is a globally recognized, independent, not-for-profit association founded in 1884. To attain its vision of "worldwide confidence in analytical results," AOAC serves analytical science communities by providing the tools and processes necessary to develop voluntary consensus standards or technical standards through stakeholder consensus and working groups in which the fit-for-purpose and method performance criteria are established and fully documented. The AOAC Research Institute is a subsidiary of AOAC INTERNATIONAL and maintains an up-to-the minute list of certified Performance Tested Methods which have been independently tested, rigorously evaluated and thoroughly reviewed by the AOAC Research Institute and its expert reviewers.
Going to give this a try with 10 million shares at 0.0002. Can't go any lower, can only go up from here.
Sentiment: Strong Buy
Check out "Insider Transactions" on the MMTC page. The new board ember and his Toshiba buddies are buying up the company fast.
I wonder why...?
so gald to see all that gooood noonooz in the 10Q - sales, revenues, inventory, sw salaries, clean cap sheet, really moving fwd
Sentiment: Strong Sell