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

To: Andrew G. who wrote (1164)	3/1/1999 6:44:00 PM
From: PammyLee	Read Replies (2) \| Respond to of 8189

Insider selling filing today Mar 1 1999 MICROPHONICS INC 144: Intent to Sell Restricted Stock Quote, Chart, Resources, News, Searches, Annual

To: Andrew G. who wrote (1164)	3/1/1999 6:51:00 PM
From: Luddrick M. James Jr.	Read Replies (1) \| Respond to of 8189

I did not sell today. I must admit I was looking to sell if the situation was right. However, this is a very unusual stock. It's hard to sell and wait for the drop and get back in under the original sell point. That is good. I bought an additional 2300 today. Wow!! I am so glad Dave Gore sent out info on the stock. I know Dave, I've said it twice but I do appreciate the excellent DD!! My opinion...stock will open at 2.65 price range. Earlier poster was right, this stock is heading in a direction where investors with big money are starting to get interested. This type of stock is somewhat a nightmare to shorters...and DT's (who consider getting out before it dives). Someone said it right...if it made 1.50 by last Friday...3.00 to 5.00 is likely this week. We all must remember that this stock will most likely take a beating at some point...the tricky question is...where, when, why and do you have the "balls" to sell or stick it out. The precise nature of this fascinating sport!! That's right sport!! YOU GA TA LUV IT!! Good luck my fellow MRPS'sters!!!!!!!!!!!!!!

To: Andrew G. who wrote (1164)	3/2/1999 12:09:00 AM
From: Dave Gore	Read Replies (4) \| Respond to of 8189

MICRONICS ANONYMOUS QUESTION: What is a FMV (fair market value) for MRPS? I did the following DD for myself this evening and thought I may as well share it. I don't consider this hype. ****** Try $15 per share (see below calculations) ***** You tell ME.....am I far off? and even if I am a way off, it would seem the $7.50 per share was a given, agree? One of the things I am now evaluating is a proper valuation. It is a mix of actual contractual revenues and expected revs. This is a challenging math problem here but I think I am reasonably close. Incidentally the company will be announcing conservative projections in a couple weeks, which I think we will really like. As per the press release below, MRPS had $10 million in sales lined up as of April 1998 ( to be delivered later in 1998 and early 1999) pending manufacturing being ramped up and deals signed with Bulova and the other company. Deliveries have now rapidly begun and production capacity will not hold them back any longer. Here are my conservative estimates of actual and projected sales. Remember the company will announce more accurate figures in about 2 weeks after more deals are signed and/or expanded. When a figure below is estimated or a guess, it is so marked, other wise it is a firm contract. By the way, I am not aware of all the contracts that are firm. These are just most of the BIG ones. Trying to be a little conservative here. FORD: 6,500 units @ $400 each (qty discount) = $2.6 million FORD PLANTS (est): 700 units @$1,800 each = $1.26 million (this is an educated guess that the Ford plants will follow GM's lead) GM: 40 units so far @ 2,000 each = 80,000 and another 1,000 units projected this year (my low guess) as more plants accept delivery = 1,000 @ $1,800 each (add'l qty discount?) = $1.8 million then for GM Dealerships ala Ford = $3.0 million DELCO: Let's guess they will sign up soon = $1 million (guess) CHRYSLER: Let's guess they will sign up mid year = $1.5 million (guess) OTHER CAR MANUFACTURERS (Toyota/Nissan/etc): $3.0 million OTHERS: $2.5 million (from european companies....Mercedes, Volvo, BMW, etc) (remember they signed up a European company in April to find them business in Europe..thsi number could be way low...PR release below says it expects their Euorpean distributor to have significant sales) ** TOTAL APPROXIMATE 1999 = $17 million @ 70% minimum margin. = $12 million gross profits less overhead = $5 million net profit. 10 million authorized shares / $5 million profit = .50 cents per share .50 per share x PE 30 = FMV of $15 per share. **** NOTE: Remember cost on the $500 unit is $83 and on the $3000 unit is $480 roughly. Then read this partial press release text from April 1998: "Our ultrasonic diagnostic testing equipment uses digital technology to convert ultrasonic sounds from a variety of electronic charges to audible sounds. This year, we have already received contracts for orders totaling nearly $10 million. In 1996, sales were just under $600,000. Most of our sales to date have been to U.S. automotive manufacturers for quality control and we expect that DDSI will be able to mirror our success in Europe within a year." Said Mr. Cohn [of Digital Descriptor Systems who signed a European Marketing deal with MRPS], "We believe we will be very successful with MicroPhonics in Europe due to our established international sales offices. Currently, we have offices in Brussels, Belgium and Gothenburg, Sweden and will open additional branches in London, England, Rome, Italy and Hamburg, Germany." Obviously, Europe could be much much higher than the $2-4 million that I projected for 1999 Comments?