Message from 91fxrs on Dec 5 1997 11:43AM EST
But if the company does consider a settlement,
would they also consider the shareholders? I have held EUTO since the
beggining of September because of the belief I have in the company. I
am hoping that EUTO will take us into consideration if any offer does
come in. If they don't, I am betting they will hear from alot of shareholders.
Just more speculation IMO
Richard
Richard and everyone else... Dont speculate, call the company.
On Wednesday, I called Brad but since he was not around and Floyd answered the phone, I talked with him!
I asked him about the settlement vs shares and he said (not verbatim but to the best of my memory) that they were going for the shares... but if for some reason they could not get the shares back and had to settle, it would be for an amount that would be sufficient for EUTO to buy back the shares in question on the open market and that is what EUTO would do...BUY back the shares on the open Market. There you have it...straight from the horses mouth (well second hand anyways).
He also said that the TA change should be complete by January 1,1998 and that he was excited about the 1st quarter - 1998...He would not elaborate as to contracts in negotiation.
I also got the impression that Alan's "Put the 50 million status in writing" will be addressed in the newsletter. I have the feeling that that is why the newsletter has been delayed - so they would be able to put specifics in it that were not yet available.
For what it's worth...I don't expect anyone to go down with a sinking ship if that's what they believe is happening. But remember, all this instability started right when we found that the 50 million was loose. HOWEVER!! at that time, the shares were already in the float and shorted against... so nothing has REALLY changed.
Ga Bard's comment that a price plunge was "Inevitable" is horse shit because it was not as if 50 million NEW shares were going to be dumped into the float...they were ALREADY THERE. What caused the price plunge were a few comments - intentionally misleading or not. And besides, I love KNOWING that 50 million shares are out there and the HAVE to be bought back! Much more buying pressure!
So Ga Bard, Can you give me a good reason why the stock would Plunge if we found out that 50 million shares would soon be taken out of the float via buy backs or put in cert form?
Curious, Mike |
