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Mitec Technologies V.MTMH

Technology Communication Equipment
"Mitec Technologies Inc exited the telecom and satellite communications area in 2012 and is exploring interesting opportunities in other areas."


TSXV:MTMH - Post by User

Mitec Technologies
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Comment by langeron Oct 06, 2006 1:07pm
197 Views
Post# 11472754

RE: News: 4.3 Million raised plus 3.5M to follow

RE: News: 4.3 Million raised plus 3.5M to followCharles, Just out of curiosity, what makes you so confident that MTM will turn it around simply because they raised the 7 mill and they have a new CEO with a plan. Burn on the last Q was $4.4 million so it will buy them an extra 2 Q's (If the burn remains consistent). I understand that people want to be optimistic in their investments but I fail to see anything tangible regarding the burn rate coming down hard and fast.
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