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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Alice M. Ginader who wrote (17892)5/18/1998 9:08:00 AM
From: Pugs  Read Replies (1) of 27968
 
Alice,
EUTO had one big problem. The float was diluted by 50MM shares!! There were an additional 50MM shares let into the float. Before that, there was a small squeeze, you'll remember this $.03 stock hitting $.25.
What hurt EUTO, before the 50MM shares were let into the float, was large sell-off @ $.25/share by one particular individual. This allowed the MM's to get certified shares and sell them back into the EUTO Market a few at a time to bring the price down and entice even more selling., then, of course, those additional 50MM shares!
A very bearish sign for EUTO, was the lack of any dump & pumpers on their thread, they come hand in hand with large short positions.

All the Best!
Pugs
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