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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: Sprintcar who wrote (5873)4/19/1999 3:48:00 PM
From: Joe-MA  Read Replies (2) of 8189
 
For those who may be wondering if the dreaded Russo/Rozzi team are back at their game of dumping shares - I just called Jimmy Gayle to follow-up on previous conversations I have had with him and his attorney regarding this matter.(See previous posts on this).

Originally 1.4M shares were given to Russo and 824K shares to Rozzi.
They were able to track all shares as sold by both of these gentlemen.
They do not believe either has any more shares from MRPS to sell.

Also, for their disputes with both these gentlemen, they have hired a special securities attorney to pursue redress and possible return of shares/money both through the NASD arbitration board as well as directly with each person.

Since these shares are already sold, they cannot hurt the stock price anymore. Any recoup of these shares or monies will be a plus for MRPS.

On another more cheerful note: we can expect more contract pr's over the next week or so as they are finalized.

Joe-MA
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