Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave Gore who wrote (3606)	3/12/1999 1:06:00 PM
From: VMan	Read Replies (3) \| Respond to of 8189

Everyone...Here's more info from a call an RB member has made this AM Just off the phone with Myles- 1) "Finanncials are following their natural course". Accountants missed a whole section of inventory assets that had to be added. Any indication that the financials wold be released to the public before the 15th was incorrect. Once the accounting firm has made its revisions it still must be reviewed again by the company and then given to the SEC. The SEC alone can take up to ten days to give it the green light. 2) Myles is working on getting the Army Corps' copy of the paper that was presented for our review. Maybe early next week he would have that available. 3) The company has two engineers currently and has plans to greatly expand R&D. Sales force must grow soon to keep up with demand. 4) Myles is involved primarily with the industrial applications of the product. He described a visit to GM's East Pontiac Plant where in that plant alone they found 27 different uses for the product. Some examples would include predictive maintenance on bearings. Locating any arching in electrical circuits. Finding leaks through out the plant in its compressed air lines. Testing the seals on doors and windows. With regard to bearings this tool can be placed next to any bearing, on any equipment, and tell whether or not it is good bad or in between. He told me that he has never given a demonstration of this equipment and not made a sale. 5) The current manufactures have the capacity to produce as much of this product as they will ever need. All they need to do is drop in another manufacturing line. And if anyone knows about watch manufactures they wouuld understand that these are highly sophisticated top of the line plants. 6) As production increases costs will tumble. Plans are already in the works to place the circuitry onto a chip (big dollar savings!) 7) Future press releases will come from the companies themselves. My opinion is that this tool will become as common place as the volt meter. I can not contain my enthusiasm for what I heard. It is a simple, practical technology that has immense potential. I don't give a tinker's dam if this stock drops to a nickle right now. I am going to buy every chance I get.

To: Dave Gore who wrote (3606)	3/12/1999 2:14:00 PM
From: learnstocks	Read Replies (1) \| Respond to of 8189

Dave, re your 3606, I am having a really hard time understanding why there is only the statement, "Progress being made, but audited finacials (sic) never happen as fast as we or they like." And further, "Auditors will be going over the accountants figures soon." And I also have a problem with, "MRPS will be addressing that in an upcoming PR." Now, I was the Controller of a medium-sized (100M$) company, that was closely held. And, I worked in the Comptroller's Department of one of the Fortune 10 companies. There was never anything approaching the idea of "progress being made". And to say that, "audited finacial (sic) never happen as fast as we or they like", just flies in the face of reality as to how things are done. I would respectfully submit that PW, or Deloitte, or any other respected auditing firm would ever allow delays to occur. Neither would the SEC or shareholders. The backbone of the stock market is based on knowing what the Price to Earnings ratios are etc. etc. If you don't know what the past earnings were, how the heck can you even come close to giving a value to a stock? Projected earnings are a necessary given to projected market capitalization of any stock. It doesn't matter if it is micro-cap or large-cap. The basic principle is still the same. There is no excuse for not releasing these financial statements. None whatsoever. Vic