Alan, thank you for that clear summary. I have not had any direct communication with the company, so I only have the opinion of other long term shareholders, that the company is concerned for us shareholders.
However, I am somewhat confused by this whole retiring of stock process. Since it is the company that is retiring them, I would think that they would be following up to make sure it is completed. Why would they issue a press release regarding the stock reduction, and not follow through to verify that it is being done? I think it is great that you and others continue to check with the TA and have also made your feelings known to EUTO? But why haven't they been more actively involved in this process? It is not the shareholders who requested the shares to be retired, but the company. I can see that the TA may be able to delay the process, but not ignore it. Somehow something doesn't add up here.
Also, regarding the 50 million shares, I don't think Jim ever said that the company was buying back the shares, but just that he trusted Brad when he said the company was going to take care of things. In one of your previous posts, you said the company was buying back the shares. Do you know this officially? If so, how do you know this, and in what time frame is this suppose to happen.
I hope no one interprets this a negative post. I am holding and waiting. However, I am not ready to blame the TA yet, except perhaps for incompetence, until I understand what the role of EUTO management is in this process. I hope someone can clarify this for me.
Thanks.
Judith |
