Eutro ( EUTO ) Message Board

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Microcap & Penny Stocks : Eutro ( EUTO )

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To: Dan Even who wrote (807)	11/1/1997 10:46:00 AM
From: Whitetigr	Read Replies (2) of 12043

If we ever get 21mil certs in hand it could be even more power behind the movement of the stock price than anyone has expected. The reason being that once the shares being retired are retired by the TA and sent to the DTC there won't be anywhere near 21mil available for us to have <they need them to cover for the retired shares>. That would mean just to cover the shares being retired they would have to buy back approx 6mil certificated shares. Then that would still leave them with no tradable certificated shares that they can sell and would not include anyone with certs that we don't know about or is not included in our count. I do feel very strongly that most if not all the shareholders know to sell their uncertificated shares first that they are or may be holding. Also as we see the price start to climb we will see more volume from people wanting to get in on the momentum and or add to their positions <more uncertificated shares>. In the event we hold that many certificated shares even if ALL the uncertificated shares are sold off they still can not cover because we have too many certs for them to be able to cover the shares retired. Brad is working on things to take care of the processing of these retired shares as he has been from the start. We have to trust that the company is doing everything they can while still trying to take care of the business of building the company. I would think there is a lot of pressure for other parties involved <not the company> to not retire the shares. So there is the waiting game on the price pressure and movement. When all the shares for retirement are retired and taken off the DTC books there will be no where for the short position to hide and they will be forced to cover as long as we hold the certs. For anyone wondering when they will get out we each will have to decide where we are all comfortable at that point. Something I am keeping in mind is that once the short position is eliminated I don't believe we will see anything near these prices again when the dust settles. There will be people selling out <there needs to be or there would have to still be a short position> and there will also be people selling and buying back as the price drops. The buying back will support the price at whatever level it dose settle out. With the warrants to be exercised by shareholders that have been with the company before the expectation of a short position I would be inclined to think they would have pretty darn close to the float if not the float. I do not think they would do anything to damage their own positions since they have much more to benifit from the price stabalizing at a fair value. As far as the company itself goes with the elimination of a short position it would also have the price reflect interest in news releases as the company lets them out. As we have seen to this point the company can let out any news they want and the price is clamped in a zone even with the jumps in volume <gee I wonder why>. That is why I wouldn't expect to see these levels again once the squeeze starts for anyone worried about when to exit. In my opinion of course. Whitetigr

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