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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Robert Rice who wrote (5709)5/17/1998 6:10:00 PM
From: Whitetigr  Read Replies (2) of 12043
 
Hey, I was answering your letter towards me and taking you up on your bluff to show me mathamatically how Eutro is grossly undervalued. When you leave me a post like you did you should expect to be able to explain yourself. You go on to post and make statements without being able to back them up. Lets say that audit is still current and correct for assets and assume that there is no liabilities outstanding against assets other than shareholders equity. <I know we're stretching things there> That only brings us to 2.2Mil. We're still under the approx 3Mil valuation at .03 a share. Don't even think of including those contracts that Eutro has until they are paid on them. They won't be able to sell them off to anyone like they may accounts rcvbl or bad debts. We already know about the cigar company. Even you used the contracts you can't use the full value amount since that will include expenses and stock to be distributed to shareholders.

Your .15-.18 is not value. It's a wishfull number that you would like to see this hit. You stated undervalued and from the info we have at this time it's not. Oh, maybe you're right maybe .03 x 94000000.= grossly under 2.2Mil. when I do it I get 2.82Mil.

Now this is discussing it like a reasonable person that took you up on your offer and let the HOT air out of your balloon. And next time you want to start flaming someone expect to be able to reasonably defend your position
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