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


To: Mitch who wrote (2281)3/5/1999 8:17:00 PM
From: Jeff Jordan  Read Replies (2) | Respond to of 8189
 
I have watched the stock since it was @ .53

I felt the big news was the announcement w/ GM. But looking closely the order doesn't appear to be that lucrative. 1280 units @ $3000 is 3.8 million...maybe its twice that much? So they delivered 22, thats $66,000. They didn't say they had a contract for x amount, only a projection. This is a concern for me.

How many of you have invested that much in the stock?

I usually don't buy micros so that's why I'm hesitant to jump in....so I will continue to observe for now. I have made money on stocks like this but only because I day trade...these(BB) are not investments for me.

I'm not throwing water on anyone...just taking a look.

Jeff
angelfire.com