Microphonics Inc. (mrps) Message Board

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Microcap & Penny Stocks : Microphonics Inc. (mrps)

MRPS 0.0001000

0.0%

Dec 18 4:00 PM EST

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To: SmartStockAdvsr.com who wrote (7297)	6/25/1999 2:49:00 PM
From: InOverMyHead	of 8189

SmartStock I have a question regarding the expenses that everyone is raving about. In '97 there are salary expenses of 275,000. In '98 there are salary expenses of 218,000. They have hired additional people and gave Miles a raise, yet the salary expense for the first quarter of '99 is just over $15,000. How can this be? Is everyone working for charity? I took the average salary expense of '97 & '98 then divided by 4. Subtract this from the bottom line; divide by the O/S; multiply by 4; multiply a generous P/E of 30 and you get a current stock price of $1.68. What am I forgetting? IOMH

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