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


To: Brian D. Potts who wrote (6836)5/17/1999 10:05:00 PM
From: learnstocks  Read Replies (1) | Respond to of 8189
 
what you do is obviously up to you. From my experience, when a company is having trouble doing its financial statements for the first time, even though it has been in business for over six years, and the company has only six employees, there is something wrong.
If the auditors are having problems finishing the report, it is because something is giving them problem. Your thought that their printer could be out of paper is just plain silly.
If they don't have an accounting firm auditing their financials but have a Hollywood movie production house doing them, all stockholders are in trouble. Accounting firms do auditing. And why would you make the statement that "MRPS is most likely not their bread and butter account"? If an accounting firm is being paid in real money, not in MRPS stock, to perform the audit, then any reputable firm will put it on the top of the stack. If they don't, the wrong firm was hired.
What possibly could you mean by the statement, "If Alan doesn't know why the report is delayed, do you think it's financials?"? This doesn't make any sense at all. Someone in the firm should know something.



To: Brian D. Potts who wrote (6836)5/18/1999 12:02:00 AM
From: CYBERKEN  Read Replies (1) | Respond to of 8189
 
I've seen more than one red-faced accountant staring at a huge run of quarterlies with one key sentence missing its one key word. (They usually hang the proofreader rather than the author.) Better give 'em whatever time they need. In accounting you spend a lot to get the best, but it's sure worth it, IMO.