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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: InOverMyHead who wrote (7268)6/25/1999 9:58:00 AM
From: Basildon Bond  Read Replies (1) of 8189
 
IOMH:

So, after all this time, it's MRPS's work, not that of a firm of accountants.

"inclusion of late reported distributor sales" tells me that MRPS sells on a sale or return basis. Otherwise, there can be no late sales, sales are made when product is delivered.

If the Rev/COS ratio is actually true, then watch out for major reductions in margins as distributors take notice.

Finally, I don't think Richard Polka is V.P. of NationsBank, more likely V.P of a local branch of NationsBank.

I've had enough of this company. This is my last post to this thread.

Do I hear shouts of hurrah?

Basildon Bond
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