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Strategies & Market Trends : FRIENDS OF EUTO
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To: Jim B who wrote (147)3/5/1998 10:31:00 AM
From: stockid  Read Replies (1) of 208
 
I have no agenda here. If EUTO goes up or down. Then let it happen on free information which people (you out there) deside on yourself.

Brad stated those things to me. Why else would I say them. I am not like some who wish the price to go down so they can buy more. It is obvious that a person can say he or she said this or that...sense none of it is written down. Like I said before...get it in writing.

Anyway, here is the deal. Last time I called the TA the float was 89 million 366 thousand and 417. Today I called at 6:57 am pacific standard time. Guess what the official float is now.... 93 million 334 thousand 337.<b/>

So, the float has gone up just about 4 million since my last post from the TA.

How, can this happen. Let me explain...A company any company can release shares into the float up to their authorized amount at any time without notifying the shareholder's. EUTRO's authorized shares are 100 million shares. So, they can keep on issueing (printing) more shares until they reach that number. Once they reach 100 million they have to have a proxy vote asking shareholder's if they can increase that amount.

So, there you have it the float is rising instead of subtracting. Many reason's as to why they would release shares. But, the big question is why do a preferred share conversion? If you are just going to issue more shares into the float anyway. REason....MONEY.

Sell...buy whatever happen's happen's but at least you have the information....LEt the market do what it will.

SK

P.S. ALan if you talked to Brad why would you wait until 1:46 am to post this info? Why did you not post this as soon as you had talked to him...when ever that was....Can you say AGENDA...AGENDA. You Fool Know One. You really are a great believer in the LORD.
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