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Micro Imaging Technology, Inc. Message Board

  • franzjosefhidin franzjosefhidin Nov 1, 2012 2:48 PM Flag

    CEO Nunez is buying MMTC stock on the open market!

    FORM 4
    [ ] 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 APPROVAL
    OMB Number: 3235-0287
    Estimated average burden
    hours per response... 0.5


    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)

    10/31/2012
    (Street)

    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

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    • 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.

      Sentiment: Hold

 
MMTC
0.0220.000(0.00%)12:35 PMEDT

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