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

To: Gutterball who wrote (2383)	3/5/1999 10:07:00 PM
From: Dave Gore	Read Replies (5) \| Respond to of 8189

Oh, Dan M. I can tell you are gonna be a struggle.... ok, let's play Q/A again. First let me remind everyone that you currently own MRPS as a "long" investor and you want it to succeed. You said that right? YOU SAID: <You tickle me Dave. Why do you remind me of Monica? Perhaps its because you both like to blow things off. Take a look at this post #reply-7553574 which was written a little over a month ago. It mentions a one million share float. Your little 1.4 million shares diluted the float by half. In fact, since that post, more than 3 million shares have been added to the float. I base this comment on a conversation I had earlier this week with Myles and he informed me there were 4 million shares in the float. MY ANSWER: Glad I elicit a fun emotion for ya Dan. Yes, there are a moderate 4 millions shares in the float, but your math is wrong. Dilution (at least as far as earning calculations go) is figured by adding the new shares to the OUTSTANDING SHARE NUMBER, not the float. So....worst case scenario is that the 1.4 million recently sold would be added to the O/S number of 10 million. The "float" is meaningless in an earning per share calculation So follow this Dan: Let's see (in a worst case scenario) how these recently dumped 1.4 million shares actually affect future earnings per share and dilution, which we all are concerned about. By what percentage would it affect earnings, Dan? See below ***** 10 million plus 1.4 million = 11.4 million shares outstanding If they earned $11.4M dollars in the year 2000, then we take: $11.4M net profit/ 11.4M shares = $1.00 per share earnings vs. $11.4M/ 10M shares = $1.14 per share ****** ANSWER? It affects earnings by about 14% ****** BUT WAIT! (1) What if MRPS wins the court case or arbitration and the company is forced to buy back the shares? They would then be reurned to the treasury, as someone said earlier. Float and O/S numbers would drop back to where they were, and earnings per share would go up 14%. (2) OR since these shares were issued quite sometime ago, perhaps they are already accounted for in the 10M shares outstanding number and there is NO DILUTION at all from their being dumped. True, more shares in the float, but again float numbers do not figure in EARNINGS PER SHARE CALCULATIONS. FINALLY, that link also had some other incorrect information in it...PR firm, etc. I would call Myles again and ask him where that poster got that number. Make Myles explain it. Did you? Did he? Did the poster get that wrong or did the company make an honest error or what? Or did they finally count the 1.4 million shares that the IR got into the mix? * I'm curious why if you called Myles, Dan, you didn't ask him about that? MY NEXT COMMENT: Dan, are you SURE you like MRPS and hope it succeeds? Hmmmm.....hate to be your enemy, man. NEXT YOU SAID: <On another note. please refer to the investment banker by name or by IB and not IR. To me, an IB and IR are different animals and to call an IR an IB is misleading. I'll let you be funny, but not misleading. OK? > MY ANSWER: Yep, you got me there, Dan. "IB" not "IR" ....thanks for correcting my error. *********** PS-- Dan, what stocks DON'T YOU LIKE....I will have to bookmark your name and find out. LOL!

To: Gutterball who wrote (2383)	3/5/1999 11:24:00 PM
From: re: MAX	Read Replies (2) \| Respond to of 8189

Dan Meckenstock, When you post, I get a little more confused. You were so upbeat the other day when you posted this: To: Brian K. Caudill (1393 ) From: Dan Meckenstock Tuesday, Mar 2 1999 10:45AM ET Reply # of 2414 I called the company and talked with the sales manager. They've been working on this technology for more than three years. There are about 4 million shares in the float, 10 million shrs authorized. The company will be reporting with the SEC by the end of the month. Actually, he said within the next ten days. The contracts are real and the margins are high. They have two suppliers and should be able to keep up with sales. Only problem, training technicians for sales and/or to operate the equipment. As I add the contracts up for the Model 111R, it looks like this. 01/14 Ford $19.6 million 02/03 GM $3.8 to $7.8 million 02/10 F&M MAFCO $2.7 million 03/02 Nascar ??? million I have no numbers for the A07 These guys could easily be doing $20 to $40 million in revenues by years end. Which BTW makes the Sales/Price ratio between .25 to .5 at todays price. The 111R tests for: 1) leaks as small as hair line and 1/2 lbs pressure 2) electrical problems via signature sound, eg. cracking in arcing 3) inner workings, eg, bearing, valves, etc. EOM ---------------------------------------------------------------------- Most of us agree that MRPS is on a roll, you used to. . .what happened? Just curious, no harm meant here, honest. Best regards, re:MAX