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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Jan 8 4:00 PM EST

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To: Jon Scott who wrote (3911)3/17/1999 9:08:00 AM
From: learnstocks  Read Replies (1) of 8189
 
Jon,
re your 3911, with all due respect, you just don't get it.

When a company is publicly-traded, they have a responsibility.
That is not to respond to my phone calls. I would be on the phone to them ten to fifteen times a day to get answers.
They have the same responsibility to you. You would be on the phone a few times a day as well.
And, they have the same responsibility to "Susie", and "Bill", and "Brian", and "Sprintcar" and and and and and.
Now to meet that responsibility to all investors, the SEC has set up a mechanism so that there is a level playing field for all investors. It is called periodic financial reporting. I think you understand what that is.
Now, this is a publicly-traded company. This puts them in a different category from a privately-owned corporation. They need to report to their shareholders, REGARDLESS, of whether or not they have to report to the SEC. I submit that, for as long as they have been a publicly-traded company, they have owed the shareholders (all of them not just you and me) the submission of periodic financial reporting to let those shareholders know how management is doing. How long has MRPS been a publicly-traded company? 1996? Well, they have owed the shareholders, all of them, the submission of financial reporting that is audited before it is released. That is the minimum that the company owes its shareholders.
Why is this so hard a concept for you to grasp? You say that you are a businessman. All businessmen should know this.
Vic
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