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


To: Sprintcar who wrote (2713)3/8/1999 1:08:00 AM
From: Dave Gore  Read Replies (1) | Respond to of 8189
 
WEEKEND RECAP FOR NEW INVESTORS: Summary of Pro's and Con's

PRO's:
** Unique and extremely high demand product
** High End Companies purchasing their product
** Product tested by GM for 1.5 years and selected from among all other competitors.
Ford and Nascar,etc, reached the same conclusion.
** Actual Contracts (and we will soon learn more)
** Very High Margins
** (2) Extremely Respected Factories (including Bulova Manufacturing)
producing their product
** Company has fairly regular news coming over the foreseeable future.
** In negotiations with exactly 37 major companies at present (from Friday's PR)
** Old Investment Banking firm supposedly dumped 1.4 million shares illegally but they
are done (i.e no more shares left to dump and stock held up reasonably well)
(MRPS has brought suit against them...see below...MRPS attornies confident, a breach
on total non-performance by old IB firm)

CONS:
** No PR firm to handle increased shareholder interest (coming april?)
** No Audited financials (coming this month)
** Clarification of former IB dumping needed (see note)
NOTE: I would vote for Arbitration as it is quicker and binding (no appeals are
allowed, as I understand). REMEMBER that MRPS cannot say all they would like to
say publicly as this could legally hurt their case. They will say as much as the attorneys
let them say.
Also remember they feel they have a very strong case and their is no downside only
upside to the resolution of this matter). An award of up to $4 million dollars (1.4 M
shares allegedly illegally dumped by old IB firm x $2.6 stock price at high)
** Patent issue explanation (pending and coming)
** When will big brokerage house take a position?

NEUTRAL:
** about 10 millions shares O/S (some say 11.4) and 4 mil in float
Again, I maintain that this stock is not perfect, but far more positive than negative

CONCLUSION:
This is the best BB stock opportunity I have come across in the last 5 years and one of the very best