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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: Archie Goodwin who wrote (2479)3/6/1999 4:33:00 PM
From: Gutterball  Read Replies (1) of 8189
 
Thanks for your support Archie, but I must be fair. I'm referring to a comment I made earlier about 3 million shares being added to the float within the last month #reply-8178604. That remark was made on the bases of an earlier post in which I referenced my source for making that remark #reply-7553574.

Now Mitch, bless his little heart, says some 4 million shares were in the float more than a year and a half ago #reply-8183584.

It appears we are siting on another contradiction. Anyway, this just shows the importance of timely reporting. Company's that fail to report leave themselves open to distorted facts. And they have no one to blame except themselves. So no apologies here. The fact remains, we still don't know the truth of the matter.

To touch on this reporting issue. It has been called to my attention that Microphonics may have hinted at release financials 3/5/99. Then they said Friday's PR would indicated when financials would be filed, it wasn't. I know Myles told me financials would be out in about 10 days. And forgive me, but I seem to recall someone saying more recently that financials wouldn't be out this month at all.

The bottom line... Keep pressing Microphonics to release its financials. This will provide information about the health of the company as well as disclose items of interest like who their Investment Banker was, number of shares beneficially own, and any law suits pending, etc.
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