The biggest question here is WHO IS EUTO TRYING TO PROTECT???
Even though I don't have the actual answer to that question I would like to insert a few points into the debate here...
About the question:
Well, I think that from the managements position they are trying to protect the best interest of the company. And that is most certainly not the same as any investor with a short term interest. Ie people that are DTs, MoMos and in this case especially 'old' investors that are averaged in above their level of comfort.
The managements position
Looking objectively on the situation the management is in, I must say that caring for the investors every concern at all times is beyond their reasonable duties. Their first priority is to build a stronger company. Doing this may result in outward stagnant periods due to internal consolidation. I am not saying that Eutro is doing this or trying to make excuses. I am just trying to say that the same lack of information that has us wipping up one grim scenario after another is preventing us from really understanding what goes on inside Eutro and why. We simply don't know.
Eutro fully reporting?
I don't think we will see Eutro reporting until it becomes necessary. That is at least 18 months away if I read the signs right. Also, I am not sure Eutro would benefit from becoming reporting. Being a fully reporting company takes a certain amount of resources. Eutro does not have a whole lot of that right now. And being reporting is not in it self a safeguard for useful high grade information. I have seen only too many BBs without merit wave the 'We Are Fully Reporting - Buy Our Stock' flag to swear by that without reservation.
What I am certain of, and I hope most of you agree, is that the management are real people. And like real people they have flaws and make mistakes just like we do. They also get had just like we do. But despite of all this they go on and try to put food on their respective tables feeding their respective families. If they were scam artists they would be gone years ago.
All whims are not relevant
I don't think we as investors have the right to expect that a company like Eutro will cater to all our personal wishes. I don't think it's right to expect the dog to do tricks because we threw it some biscuits.
Complaining because one is averaged in, and wants to get out does not cut it. That situation is part of the game. All feelings stemming from that fact has to be factored out.
What can we do?
I do think we have a right to question, and possibly put pressure on the company, if we feel they are out of line. If there is no confidence left, we use our most powerful tool - sell - and walk away.
Eutro's choise
Eutro has chosen to play the share issue with their cards very close to their chest. That has lead to much confusion and subsequent speculation. During all this time the frustration we have felt, regarding Eutro's silence and outwardly apparent inability to deal with this problem, has increased. It is now close to critical mass.
Eutro speaks...
I, personally, feel at least partly appeased by the responses by Eutro. It is a distinct step forward to get a statement in an official form directly from the management on the matter at hand. That means to me that they are publicly admitting to the situation. Before this all we have is a feeble passage in The Way It Is #3. And that is not even touching the central issue.
I am certain that the recent statement has come about because of the pressure that has been focused on the issue. I am equally certain that the statement has one purpose and that is to buy time. It really doesn't present anything of substance apart from publicly admitting the problem.
Still a few hurdles left
There are still a lot of things that are not good. It is apparant that Eutro has provided some investors with information that has been inaccurate or misleading to those investors. The share issue is still not resolved. The side issue of the unsettled 'private placement' is also not solved.
At a minimum Eutro needs to come clean enough to restore some of the lost confidence with their long time investors. They need to put the share issue and possible side issues to bed.
I am sticking to my strategy and have my own stops when it comes to my being invested in Eutro. I am not without concern but I am not alarmed, yet. I am prepared to give Eutro more time to wind up the share issue in the best possible way. Not infinite amounts but some. As long as nothing changes with the company I am a buyer at prices in this neighborhood.
It is obvious that more investors than one is seriously reevaluating their positions. Eutro will soon have to draw a line in the sand and start making and keeping promises. If this does not happen there will only be a few of us diehards left buying.
"Place your bets, ladies and gentlemen" |
