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

To: learnstocks who wrote (3623)	3/12/1999 2:32:00 PM
From: Sprintcar	Respond to of 8189

Gentlemen maybe it's time for an accountant to call.. Sprintcar

To: learnstocks who wrote (3623)	3/12/1999 2:45:00 PM
From: Sprintcar	Read Replies (1) \| Respond to of 8189

Now please don't misconstue what I am about to say, but there comes a time when the accountant in me has to ask questions. Vic is absolutely correct if the financials were being done on a timely basis there should be no problem. The pr's are to vague one cannot really tell how much of what is being sold, dolars are omitted. (ie Nascar, Arca, Army Corps pr) I do not believe this is good business, from my accounting background. Now Dave I understand your keep a positive attitude about this company but these are legitimate concerns that must be addressed and not stalled. And a reply of if you care to sell we need more shares is not acceptable. :>) not being a wise guy.. But even you have to be concerned, after all myles and Jimmy aren't the ones doing the books the accountants are..Oh and what is the firms name? Sprintcar

To: learnstocks who wrote (3623)	3/12/1999 4:30:00 PM
From: Gutterball	Read Replies (2) \| Respond to of 8189

I'll remind you that Microphonics is a non-reporting micro-cap company. As such, it is not required to report to the SEC, at least for the time being. Just because it does not report on a regular basis, does not mean it does not have good financial accounting or tight controls over costs. Many micro-cap companies do not report because of the costs associated with retaining SEC compliant auditors, etc. which in itself suggests cost controls is a concern. I seem to recall the SEC will require all micro-cap companies (ie OTC, BB, pink slips) to file financial statements by July 1999 or else their stock will not be allowed to trade as they are today. As such, Microphonics has about four more months to get its act together. Which suggests, you may have to hold your water a little long than you would like.