Micromem Technologies ***MAG-RAM*** ( MMTI) Message Board

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Technology Stocks : Micromem Technologies ***MAG-RAM*** ( MMTI)

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To: wily who wrote (14)	5/18/1999 2:15:00 PM
From: wily	Read Replies (1) of 95

A couple other notes regarding the SEC document: -Micromem is incorporated in the Turks and Caicos Islands -Micromem only owns HALF the MAGRAM patent. The other half is owned by Estancia Ltd., who was the one who originally bought the patent from Lienau (for how much??) -Micromem's license of the patent agrees to pay Estancia 40% of the gross profits from the technology, less costs of revenues. So, this last item shows that this is not truly a "pure play" on the technology. Also, how common is it for a company to have "unlimited" authorized shares to issue? Is this a major fine-print snare? Would this provision even be allowable for a Nasdaq-traded stock? Why is the company so desperate to become Nasdaq listed? Plenty of stocks languish with a new listing on Nasdaq. Many good companies do just fine on the OTC/BB. w

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