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

To: Jon Scott who wrote (5890)	4/19/1999 6:17:00 PM
From: Fbk32	Read Replies (2) \| Respond to of 8189

MM GAMES>>>>A MUST READ! Read this in a non related board over on RB. Looks like it applies to MRPS, so I'll post it and you can decide. MM REDUNDANCY, The following quote was taken out of context, so you might want to read the whole article: dimgroup.com "Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lowerthe offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over."

To: Jon Scott who wrote (5890)	4/19/1999 6:22:00 PM
From: r g potgieser	Read Replies (1) \| Respond to of 8189

4$ shareprice should be easy. Just file the financials, we know a lot of investors are hesitant because of this. Together with volume sold in 1998 and ordered in 1999 Q1 in a well polished pr that should draw the picture. RG

To: Jon Scott who wrote (5890)	4/20/1999 2:36:00 AM
From: Basildon Bond	Read Replies (2) \| Respond to of 8189

John: Are you saying to the thread that Jimmy thinks MRPS meets all of the NASDAQ listing requirements with the exception of a $4 share price? Has Jimmy, or anyone at MRPS ever checked the listing requirements? They are listed below for your (and Jimmy's) erudition. I have not included the Corporate Governance requirements, because I know MRPS fails miserably in that area. The Nasdaq SmallCap Market Requirements Requirements Initial Listing Net Tangible Assets $4 million or, Market Capitalization $50 million or, Net Income (in latest fiscal year or 2 of last 3 fiscal years) $750,000 Public Float (shares)1 million Market Value of Public Float $5 million Minimum Bid Price $4 Market Makers 3 Shareholders (round lot holders)300 Operating History 1 year or, Market Capitalization $50 million Corporate Governance Yes -------------------------------------------------------------------------------- 1For initial or continued listing, a company must satisfy one of the following to be in compliance: the net tangible assets requirement, (net tangible assets means total assets, excluding goodwill, minus total liabilities) the market capitalization requirement or the net income requirement. 2Public float is defined as shares that are not held directly or indirectly by any officer or director of the issuer and by any other person who is the beneficial owner of more than 10 percent of the total shares outstanding. 3Round lot holders are considered holders of 100 shares or more. 4If operating history is less than 1 year, initial listing requires market capitalization of at least $50 million. Rgeards, Basildon Bond