Eutro ( EUTO ) Message Board

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Microcap & Penny Stocks : Eutro ( EUTO )

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To: Judith who wrote (4935)	3/30/1998 3:49:00 PM
From: John Hanzl	of 12043

The one real problem with this company seems to be the huge number of shares outstanding... (when I called TA yesterday I was told 93,332,977! - A ridiculous number...) With that much supply it will call for one hell of a demand to really impact the stock price (IMO). Even with 3,667,900 shares traded today it only represents a little under 4% of shares outstanding - and with the 50MM shares unaccounted for I would have to assume that they are part of the float. Therefore I agree with those who think that the next important PR is a statement regarding the reduction of this huge number. Put a new contract together with reduced s/o and you could really have a rocket... JohnnyH

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