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: Sam who wrote (6418)	4/29/1999 8:16:00 AM
From: learnstocks	Read Replies (2) \| Respond to of 8189

Good question, Sam. I see no reason for MRPS to go over $3. This is based on the fact that investors don't have any financial results from the company. As a matter of fact, how much more do you actually know about the financial status of MRPS now, April 29, than you did on February 28, when the stock price was much, much lower? We have had what, 5,600 or more posts on the thread since February 29? Have any of them given you any verifiable information as to the financial background of the company? If so, what is it? Certainly I don't know as much as I would like to know about MRPS. Now, there is a market capitalization of around $30 million for a company about which investors know very little with regard to its financial health and operating results. It appears, after reading those five thousand or more posts, that the company may have some, as yet unquantifiable, good sales contacts with some reputable companies. Certainly, this is very very positive. On the other hand, it is the end of April, four months into 1999. Most companies are in full swing reporting for the second time in 1999 their financial and operating results. Have we actually SEEN anything published by MRPS? I don't think so. It has been reported at various times that the financial results are on their way, any day now, just hold tight. Well? Just a thought for discussion by those who are not willing to purchase, based on press releases and posts on web sites, as interesting as they are. Yes, Sam, the price could go over $3. But, why should it go over $3, other than the belief that what has been posted about future contract revenues by those who supposedly have been talking directly with "myles" and "bud" and "jimmy" have actually been doing that. And, if they have, that the future stock price of MRPS will jump up based on the thought that future revenues will "go through the roof". Maybe revenues will be huge, and I hope they are for the company's sake, but is that the reason to value this company with a market capitalization of about $30 million? Maybe it is. Maybe it isn't.