Value Microcaps Free-For-All

[jtomm]

MQPH.OB It's interesting, but unless I'm misreading the filings, I think your share count is way off. Seems to me there will be over 100m shares out for the new company.

Although even that amount is confusing.

The 8-K said they were issuing 85m shares to the company being acquired, plus the convertible.

http://tinyurl.com/yc829o

The later 14F says they're only issuing 60m shares, but when you read the breakdown of shares later in the document, it shows three guys owning 75m shares of common, plus that does not appear to include Francis's preferred which are convertible into another 31m shares.

http://tinyurl.com/yed6ac

So it appears to me, this thing has well over 100m shares out, no matter how you look at it.

I've been looking for financials on DeepDown but can find the filing that has them, or I've missed it somewhere. If you have that link please post it.