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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Novice Bob who wrote (827)11/1/1997 9:52:00 PM
From: Alan Markoff  Read Replies (1) of 12043
 
Robert;

I agree and I touched on that same point on a previous post. First Eutro has to get the TA to retire the shares mentioned in the news wires. But I must admit the TA is acting awful strange. Why the delay in retiring the shares it only leads you to think that maybe they are just out of shares. (remember most of the shares came from the DTC they weren't in certificate form hence they are still on DTC books until they exchange the shares from common to preferred and warrants)

But even if they are running out of shares it doesn't effect the shorts for the mere reason that the shares are still on the DTC books,
since the TA has failed to process them.

It seems like the strategy is to process shareholders certs; first and delay on the shares that are supposed to be retired and removed. In the mean time hoping that some shareholders that get there certificates will send them to their brokers thus going back into the float relieving the pressure on them.

Of course this is my opinion and my thoughts on this, and I don't think Eutro is going to sit on there butts on this issue I feel strongly that they will take immediate action to get those shares retired remember the whole purpose of this was to reduce the float so any news would have a positive effect simple supply and demand. Why release any news now without those shares being retired the float effectively right now is around 35 million less 12 million with certificates in hand that leaves 23 million for shorters to play with. I am sure the number is much lower for I will bet there are allot more shareholders calling for their certificates then that's on the list so in effect we could be looking at 19 Million left now if they try to retire the approx; 23 Million they have a problem 19 Million minus 23 Million becomes a minus. IT'S BARBECUE TIME.

Again my thoughts only
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