SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Eutro ( EUTO )
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve1 who wrote (4012)2/18/1998 4:37:00 AM
From: BlackStar  Read Replies (1) of 12043
 
This company just doesn't have enough income to justify almost 100 million shares. I am not negative at all on EUTO but facts are facts. If the float is not reduced I'm afraid that other than mm games there is no reason for this stock to trade. Still holding a chunk but not thrilled.

Umm. Last I checked float and issued shares were not the same thing. We know that the float is no more than 100 - 26 - 12 (the 'preferred deal' and in-company conversion to preferred). That is a max of 62 mil. Everybody plays the stock as the 50 mil is all liquid in the float. It may or may not be. And I don't think that all of the 62 mil is freely tradeable, some being held 'closely'.

On the other hand the Eutro play has changed from a short squeeze to a long term hold with IMO good upside. There has to be some volatility when some get out and some come in according to strategy. The price was at .04 just before the close. We may see more of this today I think.

I see good reason to accumulate at these prices (opportunities). Very little money can buy a substantial piece of the post-50-mil float. And if that doesn't happen I think that the company will regain confidence over time with old fashioned hard work.

I hope there is reason for you (and all of us) to appreciate your position in Eutro stock in the future. If nothing more happens I'll review my position in Eutro come summertime.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News