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Micro Imaging Technology, Inc. Message Board

  • saturn22us saturn22us Jun 27, 2010 10:14 AM Flag

    Clear and Present Market Need

    If anyone doubts the market need that can be met by MMTC, read these posts from the past week alone (Links provided for full articles):

    Posted: 4:48 p.m. Friday 6/25/10
    Spinach recall expands
    Raleigh, N.C. — The North Carolina Department of Agriculture and Consumer Services expanded a recall of bagged spinach Friday after the presence of bacteria was detected in product samples.
    http://www.wral.com/lifestyles/food/story/7857005/

    June 25, 2010, 4:36 PM EDT
    Kellogg Recalls 28 Million Boxes of Breakfast Cereals
    In January, Kellogg was ordered by the FDA to improve sanitation controls at an Atlanta plant. The FDA letter, made public on the regulator’s website the following month, came after Eggo buttermilk waffles were found to be contaminated with Listeria bacteria.
    http://www.businessweek.com/news/2010-06-25/kellogg-recalls-28-million-boxes-of-breakfast-cereals.html

    Jun 23, 2010
    Marie Callender Chicken and Rice Frozen Dinner Recall Issued for Salmonella
    A Marie Callender frozen food recall has been issued following a salmonella outbreak that has sickened at least eight people.
    http://www.aboutlawsuits.com/marie-callender-frozen-dinner-recall-11011/

    Updated: June 20, 2010 01:52 AM EDT
    Spaghettio's Recall - Undercooked Meatballs and Pasta Can Make You Sick
    Yet, another recall has been established in the food industry. This time by Campbell's , whose Spaghettio's products, cooked in a giant cooker in a factory, malfunctioned and left their pastas and meatballs undercooked. Appetizing as Spaghettio's is, eating anything from a can can't be very nutritious or safe for you anyway. A lot of preservatives are added to the food to keep it from spoiling and developing bacteria while sealed up. If the can is contorted in any way, or if you open a can of soup and it smells weird, bacteria has been breeding in there.
    http://food.gather.com/viewArticle.action?articleId=281474978311817

    June 24, 2010 7:13 AM EDT
    South Gate, Crown I recall E.Coli-affected hamburger beef
    South Gate recalled 35,000 pounds of ground beef produced between June 7 to June 21, 2010. The beef was primarily supplied to facilities in Los Angeles and Orange County, California while Crown I Enterprises recalled 3,700 pounds of ground beef produced during June 11 to June 15, 2010 and shipped to food service institutions in Connecticut., New Jersey and New York. The issue was identified when a routine recalls check conducted by FSIS turned positive for E.Coli test.
    http://www.ibtimes.com/articles/30480/20100624/hamburger-ground-beef-recalled.htm

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    • looks great, but who says this company is going to fill it ...

      Period Ending Apr 30, 2010 Jan 31, 2010 Oct 31, 2009 Jul 31, 2009
      Total Revenue - - 18 -

      • 2 Replies to djmrunfast1989
      • Nobody says definitively that, as you state, "... this company is going to fill it ...."

        When they say that, the stock will Soar! They may never say it ... it may never happen! That's why it's a development-stage penny stock trading at three-and-a-half-cents. Loaded with risk, but has potentially high reward.

        Total revenue -- 18. Again, it's a development-stage company. (Microsoft's sales at the beginning of 1975 were -0-) Every new company has to start at the bottom. MMTC too. They may make it, they may not.

        Your posts always imply that there is substantial uncertainty with this stock. WE KNOW THAT! But, the information we have "looks" promising. The company seems to communicate well with meaningful developments. That's it. Beyond that, we have to wait for news. Sort of like watching the dice roll down the green felt in a crap game.

      • dwdodson@rocketmail.com dwdodson Jun 28, 2010 3:22 PM Flag

        There is a reason the insiders now own 80.7% of the company. Look at the 10-Q on the IHUB board.

    • these companies should have employed the MIT 1000 - they could have saved themselves a lot of money:

      Micro Identification Technologies Inc. offers something that is entirely unique in the medical world: the only general non-biological system for identifying pathogenic microbes known to exist. They invented it, perfected it, patented it, and now sell it as the MIT 1000. However, the fact that their product is one-of-a-kind is not its most important quality. The most important aspect of the MIT 1000 is what it can do, specifically its remarkable ability to identify various species of pathogenic bacteria in a tiny fraction of the time required by all other traditional identification methods, through the innovative use of laser light.

 
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