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


To: Derrick Welch who wrote (3775)3/15/1999 11:46:00 AM
From: learnstocks  Read Replies (3) | Respond to of 8189
 
Derrick,
This post(3775) just points out one, and only one, of many factors that can occur with OTC BB stocks. The day traders may have moved on. The hypsters may have taken a rest and moved on to push another stock.
And, there is possibly another factor, and that relates to inadequate financial reporting by the company. In a posting about MRPS on the Business Financial Network, it was stated that the company has promised that it would release pertinent financial information by the second week in March, 1999. So far, to my knowledge, that information has not been released.
There are some investors, including myself, who would like to see this information. This would be helpful to evaluate the potential of the MRPS OTC BB stock from today forward. While the issuance of the financial information is not the only thing relevant to the price of the stock, it certainly is one factor that could help with the analysis of MRPS stock for future movements.
Does this sound like one possible scenario for the lack of volume so far today in MRPS?