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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Greg Wilder who wrote (1956)12/1/1997 10:58:00 PM
From: Alan Markoff  Read Replies (7) of 12043
 
This is to inform all of you on the situation involving Eutro stock. I
finally was able to have a long conversation with Brad today and many of my concerns were addressed. As I stated before I was puzzled that the price of the stock was sitting at the .09 level all indications were that it should be selling far higher than the current price. I have been with this company for almost a year now and I feel that I have a good relationship with Brad there have been good days and there have been days that were not so good but over all the company has done it's best to increase shareholder value.

In my conversation with Brad I stressed to him that I as well as all the shareholders want to know the truth the reason for myself is that the stock is not responding to it's true value if the 50 Million is in certificate form as I stated before it should be well over 1.00 by now in my opinion.

The Company did send out letters to the four Companies to buy back the
shares (50 Million) After a period of time the 4 companies did not reply to there request. Without getting into details the 4 Companies have been in contact with Eutro in regards to the shares a portion of the 50 Million have been leaked into the float without Eutro,s permission, ALSO MOST IF NOT ALL OF THE 50 MILLION ARE NOT IN CERTIFICATE FORM . So now we all know why we are sitting here at .09. Once the Company (EUTRO) was aware of the leak they contacted their attorney and forwarded the contracts to him.

Their attorney stated that the contracts were strong and valid for the buy back of the 50 million shares and in turn expedited a firm letter demanding the immediate return of the 50 Million shares and gave the 4 Companies 30 days to comply. Brad did stress to me that the 4 Companies do not want to get into litigation on this issue they know they made a mistake but were in fear the Eutro was going out of business when the stock was selling for sub pennies back on May, June Ect.... (Eutro proved otherwise based on there existing contracts and more to follow)

In any case the bottom line is that Eutro has strong contracts for the 50 Million shares, the demand for Eutro to buy them back as per the contracts has been addressed by there attorney via Certified mail. Brad is well aware of the damages that this has caused Eutro Group Holdings and it' shareholders and it will be in the four Companies best interest to go out in the Market and buy the shares back to comply with the contract. (Once back in Eutro's hands most of the 50 Million as indicated by Eutro will be retired and any remainder will be in cert form.)

So in effect Eutro as of 12/01/97 has implemented it's contract to buy back the 50 Million shares of Eutro stock and the four companies have 30 days to comply. :-)
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