Edde,
You state that you are long EUTO. How long have you been a shareholder? Did you participate in the preferred share exchange? If not, then maybe you don't realize that for those that chose to do the exchange, they basically exhanged upto 5 for 1 common shares and received the added bonus of preferred shares and warrants. I agree with you that if this deal could have been a manditory exchange, that the short positions might already be taken care of. But that did not happen and so in my opinion, I think we have to be a little more patient so that this plan will play itself out.
If most people that invest in penny stocks are like me, then they are looking for a stock that has the chance to go from mere pennies to dollars. The chances of a stock going from .10 to a dollar based on solid news is much greater, IMO, then a .50 stock going to 5.00. That is why I am risking my money in this high risk arena. If I want to get a 50% or even 100% return, then I should stick with NASDAQ stocks where the risk is less that a company will go bust. If this is the way others think, then when a reverse split occurs, they will abandon the stock driving the price down, at least initially. I do not believe that EUTO is even thinking about a reverse at this time and I hope they don't in the future. Just my thoughts.
Happy Turkey Day
Doug |
