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Micro Imaging Technology, Inc. Message Board

  • saturn22us saturn22us Jul 11, 2010 9:41 AM Flag

    MMTC Raising Capital

    Looks like MMTC is ready to begin raising capital for product sales promotion through the agreement with Dutchess:

    Securities Registration Statement (S-1/A)
    Date : 07/07/2010 @ 2:48PM
    Source : Edgar (US Regulatory)
    Stock : (MMTC

    “we have the right to put up to $5,000,000 million in shares of our common stock to Dutchess. This arrangement is sometimes referred to as an "Equity Line."

    “We will … receive proceeds from the sale of shares to Dutchess pursuant to the Equity Line.”

    The proceeds from our exercise of the put option pursuant to the Investment Agreement will be used to support the commercialization of our current and future product candidates….

0.026-0.003(-9.72%)11:33 AMEDT

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