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

To: JoeinIowa who wrote (4153)	3/21/1999 10:30:00 AM
From: Jon Scott	Read Replies (1) \| Respond to of 8189

Few individuals, let alone companies, are able to follow through with their plans even 50% of the time, let alone all the time. There are always factor X's getting in the way. With MRPS' excellent track record, they're entitled to a blip or two. Imagine having all these new critics watching over your every move and holding you accountable for every word. What is said and what is publicly disseminated are two different things. They are a public company, and we can really only question what they publicly state.And just like the SW statement, what is fact and what is opinion need to be clearly distinguished. Myles saying "we'd like to", "we plan on", or "we hope to" is much different than a PR saying "we will."

To: JoeinIowa who wrote (4153)	3/21/1999 12:30:00 PM
From: Zeus549	Read Replies (1) \| Respond to of 8189

Did Jimmy Gayle say they were going to become a fully reporting company. If so, when did he say it and when is it supposed to happen by. I believe according to the following they have until about July of the year or it's off to the pink sheets. This is from NASD on Jan 6 1999: <<NASD Announces SEC Approval of OTC Bulletin Board Eligibility Rule Washington, D.C.—The National Association of Securities Dealers, Inc. (NASD®), today announced that the Securities and Exchange Commission (SEC) has approved the NASD's proposed OTC Bulletin Board Eligibility Rule. This rule permits only those companies that report their current financial information to the SEC, banking, or insurance regulators to be quoted on the OTC Bulletin Board® (OTCBB), offering investors more and better information about OTCBB stocks... The new requirement applies immediately to any company first quoted on the OTCBB after January 4, 1999. Securities already quoted on the OTCBB as of January 4, 1999, will have until at least July 1999 to comply with the new requirements. The rule will be phased in over a 12 month period beginning in July 1999 and continuing through June 2000 in alphabetical increments based upon the company's name as of January 4, 1999. In June 2000, the rule will apply to all companies on the OTCBB. <<The filing requirement also means that these companies are subject to greater regulatory oversight by the SEC and other regulatory authorities.>>

To: JoeinIowa who wrote (4153)	3/21/1999 2:08:00 PM
From: SusieQ	Read Replies (3) \| Respond to of 8189

JoeinIowa, I talked to Myles last week and he seemed very frustrated with some of the things that get posted here sometimes. He thinks some people just misunderstand him and post things that he really didn't say, by misunderstanding what he did say. At first I didn't trust them, thinking no one could be that naive and ignorant about public relations, but after talking to them many times I think they are, but are also growing up pretty fast. Just like Dave said they were undecided now about a recap and someone came back about them now being undecided on the recap and the 1999 projections. Things can really get messed up on this board. It's hard for me to believe that the StockWatcher didn't know what he was doing, when he actually pulled MRPS from his list and then told someone it was a p and d. But it depends on how he handles it know, if he is a good man or not. (Good men do not leave their mistakes unspoken). Susie

To: JoeinIowa who wrote (4153)	3/21/1999 10:45:00 PM
From: Dave Gore	Respond to of 8189

Yep, many Fortune 500 companies don't allow their name to be mentioned in a PR, let alone the terms of the deal. So at least MRPS has gotten permission to do that... and you are right about disclosing margin....I would rather they not do it. They also do not think it is wise to do it, but some shareholders are insisting that they do, so they are considering it. Regarding Myles and Jimmy's comments showing up on the web, I am sure they realize that, but you are right they should be careful. That said, I have found some things that investors have said on the thread, including myself, occasionally wrong or misinterpreted. When I confront the company, they have always cleared up any issue I have had with them. BOTTOM LINE: Don't believe what you read on SI. Believe only what you hear with your own 2 ears.

To: JoeinIowa who wrote (4153)	3/21/1999 10:46:00 PM
From: Stroke	Respond to of 8189

<<On the profit margin info. From a business side you don't really want to let that information out. What if your customers see it and object to your "gross" profit?>> joe, couldn't agree more!!! Particularly w/the big three auto companies. These guys will eat your lunch if they see you're making more than 10%. THEN they will demand yearly 5% cost reductions, either by way of a direct price decrease or showing them some way to save at least 5%. I think MRPS will have some room to move initially because competition seems slow. But trust me these guys are RUTHLESS and the honeymoon will not last more than a year or two. Also, I know it's been over-discussed but we really don't need a PR stating where the execs are watching races on weekends. Still long. - Stroke