EcoTyre Technologies (ETTI) Message Board

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Microcap & Penny Stocks : EcoTyre Technologies (ETTI)

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To: jeff lipschutz who wrote (64)	9/3/1997 9:58:00 PM
From: The Vortex	of 82

Howdy Folks: I have been following this stock for a while now and was very disappointed with the recent quarterly release. If you look closely at the numbers for 1Q calendar 97 and 2Q calendar 97, you will notice a DROP in net sales from 1.35 mil to 1.12 mil. To make matters worse, the float has been expanded enormously from 600,000 shares to something over 2 million. And this is after a 7-for-1 reverse split!! The long-term stockholders are hating life. The company itself said that there were substantial doubts about its ability to 'comtinue as a going concern'. It doesnt look good for Ecotyre. I lost alot of money on it, but am continuing to watch it. Some time ago, just before the reverse split, Jackie stiles told me that the company would not need to issuse shares to raise cash. Shares would only be issues for acquisitions. Just a few weeks later they are selling over 1 million shares to raise cash. Either the folks at Ecotyre have no idea where they are headed (and I could offer some possibilities...), or they dont mind lying to people. Get out of this stock while you still can.

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