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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Dec 19 4:00 PM EST

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To: Brian D. Potts who wrote (7582)8/12/1999 5:20:00 PM
From: Robert Lowers  Read Replies (1) of 8189
 
Brian, A couple of thoughts on the issues you raised:

>>>2. I was hoping the SEC filing would be done before December<<< I will ask SSA for a clarification of whether just the Form 10 filing or all of the SEC requirements for reporting status are scheduled to be completed (meaning full compliance) by mid-December (as the PR stated that E & Y will assist in the process starting in September).
3. Re the CAO hiring: The PR clearly states that Microphonics hired the CAO, who has "13 years experience as a senior manager with one of the big five firms"....and "will be responsible on a day to day basis for managing Microphonics' finances." That sounds like a full time MRPS employee to me! And I phoned Microphonics and was told that the CAO has not yet started work yet. Myles was not in, so I did not pursue it further. I would imagine that the we'll get more details from SSA when the new CAO is actually on the job.
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