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Microcap & Penny Stocks : MFIC Microfluidics
MFIC 11.58-0.2%Jan 22 3:59 PM EST

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To: Max Froding who wrote ()6/9/1996 6:10:00 PM
From: Larry Reed   of 119
 
Max;
Microfluidics Corp. markets high performance processing equipment for the development of new products and the improvement of existing products. It's patented (Microfluidizer Processing Technology) provides superior mixing applications in the pharmaceutical, cosmetic, biotechnology, food and chemical processing industries. The company is in the midst of a Strategic Reinvestment Program to upgrade marketing and implement new manufacturing methods.

I currently hold a position in the stock and have watched it drop from $3 to $1.5 before rebounding to around $2. I plan to hang in there. One reason being in November 1995, the company announced a stock repurchase program of up to 250,000 shares. It also has a relatively debt-free balance sheet. Plus, I hate to admit that I may have made a mistake.
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