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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Dec 3 4:00 PM EST

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To: Gutterball who wrote (2352)3/5/1999 7:01:00 PM
From: Andrew H   of 8189
 
Actually it may be better if it is an investment banking firm rather than a PR firm, since they may have a better chance of recovering their assets. However, you do make a good point regarding what we were told and the difference between a PR firm and an investment banking firm. That should be cleared up on the next call to the company. I will ask Dave Gore if he is willing to do that since he has established a good relationship with them.

From what I have heard, it does not sound like the investment bank paid for the shares but rather was paid the shares in return for functions they did not perform. But we do need to clarify.
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