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Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Dec 11 4:00 PM EST
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To: Tobasco who wrote (7063)6/1/1999 12:23:00 PM
From: Zeus549  Read Replies (1) of 8189
 
Tobasco,Excellent question. I would strongly advise that it be
answered expeditiously. I was not in favor of them being compensated
in stock and said so in a previous post. Even though the majority of
it would be restricted, it does pose an inherent conflict of
interest and just gives the naysayers something to chew on. IMO, it was not a smart move on their part or the part of MRPS. According to the linked article,it appears that it is possibly illegal. I suggest that everyone read it and call or email the SEC if you have any questions. I was aware of the SEC crackdown on IR firms that were being compensated and were not revealing it, but this goes much further if true, as it seems to ban the practice altogether. Let's here the reply guys. This is a matter of legitimate concern.
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