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

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To: Dave Gore who wrote (3619)3/12/1999 2:43:00 PM
From: learnstocks  Read Replies (2) of 8189
 
Dave,
re your 3619, I respectfully think that when you say, "Again, if you guys get nervous on a day like today, then just sell. We all want to pick up more stock cheaper.", that comes very close to sounding like "hype" to me. I am not saying you are hyping MRPS. I still like the stock. But, I also know the difference between a well-run company and one that is lacking. Well-run publicly-traded companies do not even question the need to prepare and send out their financial statements.
I bought the company, I must admit, without investigating it as thoroughly as I normally do. That is my fault. But, unfortunately, I ASSUMED that there had been financial statements prepared for this company for three or four years. It turns out that was a very bad assumption. Very bad.
How can you try to promote the idea that future investors should buy the stock without a solid, audited, verifiable set of financial statements? Would you say that to, for example, the Fidelity group of mutual funds when they are considering buying Microsoft? Of course not. Then how can you promote the idea that MRPS doesn't need to have the same set of financial standards? All investors are entitled to audited financial statements, aren't they?
Vic
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