Fact 1
Brad lied to me directly and to other shareholders about the 50 million shares.
Yes that did hurt and many wasted their time by calling certificates including myself.
Fact 2
The 50 million share issue has been outstanding for almost 6 months since the company sent the 30 day letter. No resolution has been announced, no law suit filed, and no update of substance has come from the company.
I agree but this is not a dead issue at the present time unless Eutro officially makes a statement as such.
Fact 3
EUTO reissued all the retired shares twice and increased the float back over 94 million shares
Your right I concur.
Fact 4
EUTO has signed one contract in the 5 months of 1998, when Brad told me personally that they would be successful in 1998 and would close 6 contracts in 1998.
But what if that on contract turns out to be a high dividend for shareholders example instead of the stock value of 1.00 per share it may just be valued at 3.00 per share. Reddi-Form is a much bigger Company than Freedom is thus the value of the dividend I would assume to be much greater maybe three times more in value.
Fact 5
Santiago Cigar was not a successful deal and has not happened.
I agree a real bummer. But better to drop it than to waste time and money on something that doesn't meet the criteria to be successful.
Ok now lets take .03 and times it by 94 Million it equals 2,820,000.
putting that aside let's look at some things you failed to mention BIO for one.
Mr. Hunter's aggressive approach to Bio has resulted in increased sales of 25%, increased orders of 13%, and daily productivity increase of 34%, as compared to the same period last year.
The first release on BIO showed a fairly good overall.
The cost control system installed by Mr. Hunter has already resulted in an operating profit for the month of February, 1998 equal to 7% of net sales, reversing previous losses. Sales have increased consistently since January, 1998 and currently show a $46,000 increase for the quarter ending March 30, 1998, over the same period in the prior year.
The next release is stating that Bio is becoming profitable compared to losses on previous years.
JUPITER, Fla., May 7 /PRNewswire/ -- Mack Hunter and crew are pleased to report the gross sales figures for April 1998 are the most impressive yet. Sales were $97,750 which is the highest gross sales figure reported. This figure more than doubled last year's April figure, an increase of 125.5% or $54,415.
The last release was the best an increase of 125.5 percent over last April and they seem to be heading for Gross sales to go over one million and heading for profitability as mentioned in the second release.
Read this release and you will find that this deal is more than just bringing this Company public.
biz.yahoo.com
Eutro will have an on-going involvement with R-F in the consulting and marketing area. The Contract will contribute to Eutro's assets and revenues over $600,000..
Then their is Freedom not a big deal but better than no deal.
As the first contract in its new direction, Eutro Group Holding, Inc. announces the finalization of an agreement with Freedom Medical Holding Group, Inc.
Eutro Group Holding, Inc. will receive as compensation cash and stock amounting to
approximately $250,000.
The following is not much but when a stock is going for a mere .03 per share its better than nothing.
For each 10,000 shares of Eutro Group, shareholders will receive 17 shares of Freedom Medical Holding Group Inc.
Stockholders of record, holding less than 10,000 shares of Eutro Group will receive a cash distribution in lieu of Freedom Medical stock, calculated at $1.00 per share basis
Fractional shares less than one half share will receive cash, anything over one half will receive one full share.
The record date for the above distribution will be Friday, Jan.30, 1998.
But I ask you this. Who is responsible for all the hype and manipulation, pump and dump. Some people question the credibility of Euto and Brad. I question the agenda's of some of people on the thread.
Jim I must disagree on your above statement 100%. The bottom line is simply this and I am tired of people on this thread being blamed for hyping it simply is not true. I was told as well as many other investors that the 50 Million was in certificate form and Euto had a contract to buy back the shares at .0035. I was told this by Brad at least 40 times, Judith was told this as well as many others to simply say Brad was ill informed is lame, try that in the Military and see how far it gets you. Their is no EXCUSE for it and believe me Floyd was not hiding in the closet while all this was going on. Also what about those news releases it clearly stated that approx 31 Million shares were sent to the Transfer Agent to be retired and in reality they were only to be activated again without our knowledge. I saw no press release saying they were issuing shares again did you. I myself bought stock at .12 and I would have never done so if Eutro was up front with the truth about the 50 Million not to mention the less than truthful news releases in the retiring of 31 Million shares. I was excited about this stock as well as many others who posted here. Hyping is when you say things that are not truthful, and try to make something appear to be better than they actually are. The bottom line is that if Eutro was honest and did what they claimed in reference to the shares the stock would have easily hit a buck PERIOD. The purpose of the proposel and the buy back was to reduce Eutro's shares by approx; 75 Million and that is a fact from Eutro's management PERIOD. My intention is not to come on here and bash Eutro but I will not accept blaming shareholders of hyping either. Sure their was some excitement, it was only obvious that if Eutro followed through with what they set in motion this stock would have broke out big time. I have received emails on occasion that blamed me for hyping when thingS went sour that is simply a bunch of horse manure.
I made mention of a stock PNEC a month ago when it was 4.50 and I received this email back.
How can you even think about suggesting another stock to watch after all the hype you pushed regarding EUTO. I have been watching you and others push this stock as well as your educated guesses that good news is soon to come only to watch the price continue to decline. It is comical to me to see you now suggest ANOTHER stock this mailing list should start watching.
The only Hype that I have done on this thread was to convey in a truthful manner what was told to myself and others on this thread of the buy back of the 50 Million shares and the obvious retirement of the approx 28 Million by Eutros press releases it did not happen did it. And if it did the stock would be much higher than a quarter their was no hype here if that was the case I would have not been part of this thread when Eutro was sub penny and I would have never invested in this stock. The blame is with Eutro and NO ONE ELSE PERIOD.
Now that Eutro is a .03 it is well worth that price and higher. Based on the current condition of Bio, and the contracts with Freedom and Reddi-Form not to mention the possible recovery of some of the 50 Million shares. This is not the same Eutro that I was looking forward to going to a buck. It will not happen with 94 Million shares out there. Eutro news releases have been very positive and especially the improvement of Bio and its gross sales so I feel .03 is a bargain with a good chance of a higher share price in the near future even more so if some of the 50 Million are resolved. If people are not happy sell your stock, if some wish to average down to try to recoup a loss than do it. What is done is done being mad or holding grudges is not going to put money in your pocket it will only lead to ulcers by flaring out at others. (This is not directed at you Jim I just think blame should be put were it belongs and that Eutro will correct its mistakes in the near future)
Eutro is a good stock at the moment lets stop the bickering and move forward with positives as reflected in Eutro's news releases. If someone wishes to slam me go ahead its happened before its called growing pains and I have sure learned allot about people and their motives on these forums. Big cap stocks are my forte BB's are a whole other world and I have learned much in the last year in regards to BB's and the complexity of finding the right one. The rules of the big boards do not apply here when trying to locate a profitable situation in this jungle of BB's.
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