Eutro ( EUTO ) Message Board

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Microcap & Penny Stocks : Eutro ( EUTO )

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To: Zbyte who wrote (5935)	5/21/1998 8:09:00 AM
From: BlackStar	of 12043

Yesterday evening I came back from a two day business trip. Just my luck that Eutro does something important while I am away... Anyway I was kinda exhausted and just waded through the posts taking a few notes. Below is the discussion of those notes. The recent news release I believe this release was important as it shows us that Eutro is making progress, although slowly, on the share issue. I believe the release to be truthful and factual as to the events and circumstances it describes. It most certainly increases my confidence in Eutro. Eutro reissuing shares I don't think anyone outside of Eutro knows what really happened with the preferred offer and what actually happened with the shares sent to the company. If I remember correctly, going back to the short squeeze days, the share count per the TA never reached as low as the company said. My (uneducated) guess is that the shares where never formally retired, only put in the company treasury intended for later retirement. At least I assume that is what happened - the shares were sent to the company and the company was to order the TA to retire them. The actual retirement never happened and the shares stayed in Eutro's treasury. If this is the case I assume Eutro would not need to hold a vote since the shares were never actually retired. Of course I don't know this and my thoughts are only speculation. What I would like to see happen I don't really know what Eutro is able to do share wise without seriously limiting their freedom of action in doing business. Given that I would like to put forth a few ideas and suggestions that, IMO, would make a difference in investor confidence and future investor interest. I am not educated on these matters and some ideas may be total horse manure. I would greatly appreciate a full explanation of events and reasons pertaining the reissue of shares into the float. Preferably via a letter sent to all shareholders as this is an 'internal' matter. I would like to see Eutro proceed with their efforts to get the 50 million shares back. Shares that are recaptured should be retired and any payments made by the entities should be used to the best benefit of Eutro. Should Eutro decide to buy shares in the open market I would like for that to be done in a way supporting a base level. I would like to see a public announcement each time Eutro has ordered their TA to retire shares. Verifiable announcements like this will lead to increased investor confidence. When the 50 million share issue is fully resolved I would like for Eutro to lower their max authorized limit to a level that gives them the same freedom as today. Ie float plus five to ten million. This will send a powerful signal with no room for speculation that Eutro is forcefully addressing the problem of the large float. I believe that even a change from 100 million to 90 million will give the right kind of signal. Over time further readjustments can be made according to progress. The key move is for Eutro to show, with non debatable means, that they are serious about their stock. Any move in this direction should also kill any speculation along the lines of a reverse split.

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