Called MRPS today regarding their ultrasonic testing equipment. Microphonics 615/871-4000.
Good things:
Production capacity is completely in place
Applications for product in electronic, auto, aircraft, medical, etc
7.5 million shares outstanding
1 million float
More orders than they know what to do with
More contracts and meetings TBA and upcoming
Contracts with Ford, GM, NASA, **Army Corps of Engineers**, etc.
Meetings upcoming with other major corporations
Multiple brokerage houses contacted them yesterday
Financing expected within next 30-60 days
More news releases upcoming over the next few weeks with the first one early next week
only $416,000 LT debt
only $80,000 short term
Not so good things:
Cash poor
Screwed over by former PR company, they are now suing the PR firm
PR company had 300,000 shares (not very much, since that was less than yesterdays volume) don't know how many they have now
I'm expecting some major movement in the next couple of days and over the next few months. The gentleman with whom I spoke seemed very straightforward about their problems and extremely confident of their future. Revenues will be rolling in within 60 days, so the cash issue should no longer be a problem. I'm thinking this is an excellent entry point.
The following is a link to their corporate profile:
biz.yahoo.com
TW
ps This is not a recommendation to buy or sell this security, just an accurate reporting of the facts as I understand them. Do your own DD, as telephone #'s for the company are provided. |
