Microphonics Inc. (mrps) Message Board

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Microcap & Penny Stocks : Microphonics Inc. (mrps)

MRPS 0.0001000

0.0%

Nov 26 4:00 PM EST

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To: Dave Gore who wrote (2374)	3/5/1999 9:59:00 PM
From: learnstocks	Read Replies (1) of 8189

Dave, Re your 2374, I agree that the dumping of the 1.4 million shares, if it actually transpired, did relatively little to drop the shares. Since they are hanging in there at 1 1/4 more or less, that overhang was absorbed quite nicely. You didn't ask me but I will butt in and answer with my thoughts. If I were MRPS, I would go through arbitration hands down. How much do you think the investment banker(s) took home? Perhaps this much: 1.4 million shares at avg. of 2$/share or $2.8 million? Perhaps more; perhaps less? At any rate, as I see it, the investors who can be identified (and they can) as owning stock when the alleged dumping took place might be considered as "interested parties". In either arbitration or a class action suit, I believe we will have "standing". Now I am not an attorney, but perhaps somebody can confirm or deny my assertions. Vic

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