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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Nov 26 4:00 PM EST

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To: Gutterball who wrote (2372)3/5/1999 8:54:00 PM
From: Dave Gore  Read Replies (3) of 8189
 
Good info, Dan. Do you think MRPS will go through arbitration or should they pursue a traditional court settlement? They feel extremely confident they will be able to prove "non-performance" on the part of the IR firm and win the case.

Whatever happens, we are all glad that the massive dumping of shares is over. Like I said we weathered the storm really well considering 1.4 million shares was dumped (allegedly shares that may have to be bought back by the IR firm) into the market.

With that overhang gone and the MM's aware that there are no more big blocks of stock to sell are out there, presumably buying will help the stock move up easier next week.

If they do win the case some day, that will be a nice added bonus for the company.

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