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Technology Stocks : Microprose, MPRS

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To: Bonzo who wrote (339)	3/10/1998 3:46:00 PM
From: Snake1132	Read Replies (2) of 633

Joe, I spoke with Tom Krause (sic) yesterday afternoon. He confirmed the board had met recently, and when I mentioned February 27 he said he did not attend the meeting but that that was in the correct time frame. I mention this because my source for all my posts referred to the board meeting of that date being concerned with voting on the reverse split. Mr. Krause said nothing to me which makes me think a reverse split is unlikely. He confirmed it is being seriously considered by both Mr. Race and Mr. Louie. He said the Nasdaq itself considers it a solution to the problem. He said the company felt it was not in the interests of the shareholders to lose the Nasdaq listing. My information has always been that the board met with voting on the reverse split on the agenda. Mr. Krause did not comment on whether this was the case, except to say he did not attend the meeting. He did confirm what you posted: namely that the company is considering all of its options regarding the Nasdaq listing. My own estimation is that the company is waiting for the Nasdaq to force the issue before officially announcing its solution, and that the solution is almost certain to be a reverse split. The company seems to be waiting for the Nasdaq to make them act, and this makes a lot of sense. The best thing for shareholders would be if the company could just do nothing right now and let the games coming out resolve this issue over the course of the next few quarters. I believe the best chance the company has to avoid either a reverse split or a move to the small cap board is to buy enough time to get enough titles out to move the stock price reasonably close to five so the Nasdaq feels it does not have to act. In my estimation, this will not happen until Falcon and several other titles have made it out. I believe the real issue here is whether or not the Nasdaq is going to set a time limit. Until the board is forced to act it will not. It is my belief that if it is forced to act anytime soon we will be receiving notices of a vote of shareholders on a reverse split. The greater issue here is whether the games that can drive the stock up reverse split or not are going to come out. The announcement today of anticipated 100,000= shipments of M1 and Ultimate Race is the first step along that path. I am very bullish on the company today. I am ecstatic the company bounced of the 1 and 1/2 low of Friday, and have a limit buy in to average down should the stock falter again. I will invest twice more in MPRS should it continue to go down for any reason other than major product delays. The reverse split is not an issue to me. I will be very surprised, however, if one of three things doesn't happen in the next few weeks: 1. The Nasdaq continues to do nothing. 2. A reverse split is proposed by the board. 3. (The most unlikely until more games come out) The stock price breaks out. We will all have to wait and see, so happy waiting! Snake

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