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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Dec 18 4:00 PM EST

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To: SmartStockAdvsr.com who wrote (7264)6/25/1999 9:20:00 AM
From: InOverMyHead  Read Replies (2) of 8189
 
Microphonics Inc. has completed comparative income statements showing income of $194,299

I thought we were going to have an actual filing taking place. We were told back in April that Microphonics made a profit.

Microphonics is in the process of hiring an internationally recognized accounting firm to provide a full audit of both the 1998 financials and the first two quarters of 1999 as well as to revamp the company's accounting practices and procedures. This new accounting firm will also be responsible for the preparation of all necessary forms to be submitted to the SEC for fully reporting compliance. They expect to report the hiring of this firm shortly.

I thought they have been working on the filings since this spring. Why have they waited so long?

IOMH
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