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


To: Mark McNew who wrote (6803)5/14/1999 11:36:00 AM
From: learnstocks  Read Replies (1) | Respond to of 8189
 
Mark, you have just uncovered some of the many questions about this stock. I don't know if it is really true that MM have sold more shares than exist in the float. This and many other factors about MRPS are really very very puzzling.
It is possible that this stock has been targeted by some very sophisticated investors as a "game" of "pump and dump". Trading in the stock could also be legitimate and above board.
I would be very very cautious about a heavy investment in any BB stock that hasn't reported any financial operations by mid May 1999.
There is something very fishy about all the posts for the past two months about the supposed conversations with "Jimmy" and "Myles" and others in the company who allegedly reported that financial statements were due any time now.
This stock is capitalized at over 20 $ million. Do you think that it is worth that capitalization?