Microphonics Inc. (mrps) Message Board

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Microcap & Penny Stocks : Microphonics Inc. (mrps)

MRPS 0.0001000

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Dec 18 4:00 PM EST

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To: InOverMyHead who wrote (7268)	6/25/1999 10:01:00 AM
From: Tiger Lily	Read Replies (2) of 8189

IOMH, I believe that MRPS has been working on the filings since early spring; however, I also believe that the local accounting firm they were using was way over its head in regards to SEC paperwork -- hence the errors resulting in the returned filings. I am pleased to see that MRPS is taking action to hire a major accounting firm that is FAMILIAR with SEC paperwork. Hopefully, the filings will be done correctly the "first" time this firm sends them in. As to the financial statement just released, not only am I pleased that expenses are decreasing, I am impressed that cost of goods sold is decreasing. The improvement in the numbers is quite encouraging. I just hope this new accounting firm can get us on our way to the "Big Board" soon. Lily

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