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


To: interesting man who wrote (30)2/15/1999 11:41:00 PM
From: jmhollen  Read Replies (1) | Respond to of 8189
 
FWIW.....
I find I get a lot of good pointers from CFCnews:
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CFCnews
Just my opinion. Following the volume lately and could be a good play.

MRPS
615/871-4000.
Good things:
Production capacity is completely in place
Applications for product in electronic, auto, aircraft, medical, etc
7.5 million shares outstanding
1 million float
More orders than they know what to do with
More contracts and meetings TBA and upcoming Contracts with Ford, GM, NASA, **Army Corps of Engineers**, etc.
Meetings upcoming with other major corporations
Multiple brokerage houses contacted them yesterday
Financing expected within next 30-60 days
More news releases upcoming over the next few weeks with the first one early next week
only $416,000 LT debt
only $80,000 short term

Not so good things:
Cash poor
Screwed over by former PR company, they are now suing the PR firm. PR company had 300,000 shares (not very much, since that was less than yesterdays volume) don't know how many they have now

I'm expecting some major movement in the next couple of days and over the next few months. The gentleman with whom I spoke seemed very
straightforward about their problems and extremely confident of their future.
Revenues will be rolling in within 60 days, so the cash issue should no longer be a problem. I'm thinking this is an excellent entry point.
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John :-)