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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?


To: Seeker who wrote (7365)7/9/1999 12:52:00 PM
From: InOverMyHead  Read Replies (2) | Respond to of 8189
 
Mike,

I think you may be taking a wrong approach to this company. Right now, the stock is down because the financials are not out. I don't think we can blame this on the 'boys'. I was not and am not in favor of Microphonics turning over their PR/IR to a bunch of amateurs, but the decline in stock price rests solely in the lap of Microphonics. They are the ones who dropped the ball with the financials. I sold out @ $2.50 - $2.75 and will not return until I can be reasonably sure that we will see REAL financials.

The only way this company will return to a $2.50 price is if the financials do show up and they are as good as I hope they will be. If that is the case, I think we would see even higher prices. This stock should be a $5.00 stock, but the lack of audited financials is what is keeping the price down.

I hope Jimmy is listening!!

All of this is, of course, IMHO

IOMH