Microprose, MPRS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Microprose, MPRS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Snake1132 who wrote (342)	3/10/1998 6:01:00 PM
From: Bonzo	Read Replies (2) of 633

Snake thanks for the follow-up to my post and conversation with Tom Krause (sic). I didn't get his title did you? Perhaps it was the way I phrased the question to him. I asked if the board had met and approved a reverse split. I was told no where did you hear that from? I do agree with you in that as long as NASDAQ does not push MPRS or impose a time limit (no time limit yet) the company will not reverse and continue to run their business. (See AKLM) I don't understand, and Krause could not answer it either, why Race and Louie continue to feel that a reverse and a top tier Nasdaq listing is in the best interests of the shareholders. IMO its not. I think its time to listen to the shareholders. (THOSE WHO AGREE CONTINUE TO WRITE RACE!) Take the Small Cap listing. The NASDAQ Small Cap is NOT THE BB! Many stocks listed trade in the double digits and are very profitable and prosperous companies. I believe that Race & Louie personally feel a move down off the NMS would be a sure sign of failure on their part. So they seek to maintain the top tier as a matter of saving some face on their part. Their credibility has already been damaged a great deal after the GTIS fiasco. I do not believe that their loan covenants specify a NMS listing must be maintained but of course I could be wrong. That said this company does have a lot more games and quality product due out than the other two companies I owned when their stock reversed. I will have to average down either way. I believe I will wait until the current Q is over and the numbers (losses) are out of the way. The key as you said is getting these games out close to schedule. Their tenuous cash position does not afford them the luxury of time here. The games must get out and the earlier the better. Cash Flow will be the absolute lifeblood of this company. Good Trading and Good Luck to all MPRS longs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next