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Technology Stocks : EUO - Eurotech, Ltd.
EUO 28.94+0.1%Jan 14 4:00 PM EST

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To: CAREYN who wrote (511)5/29/1998 1:03:00 PM
From: Colin Cody  Read Replies (2) of 565
 
There was someone who decided to buy the stock, and the Market Makers made him PAY for it, by shorting shares to him at a high price.
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To cover they HAD to drop the price back down again.
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The Company issued their March 1998 form 10Q last week. It shows 18.9M shares outstanding. So we have a Market Cap of only about $30M.
A sure vote of "no confidence" or maybe it's a "lack of interest".
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There has been little forthcoming from the Company in over half a year, OTHER than that splendid letter to the shareholders penned by Adm. Watkins a couple months ago.
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New mgmt is on board and I understand they need time to get acclimated to their new surroundings. What we need is to see some positive RESULTS. The shareholders, and hence those on Wall Street, are in the dark about the possibilities of all the PROMISES (and there are plenty of them to go around) becoming REALITY.
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Let the Street see something REAL. A real order for the soda can. A real statement by the G-8/DOE about the silicon-organic compound EKOR. A real development with the non-isocynate polyurethane. A marketing move for the liquid ebonite material. A joint-venture for the Rubcon rubber based concrete technology. Some $$$ from the waste to energy plant or the Russian parking garages. Something/anything from the joint bidding process with Duke Engineering. Silicon wafers anybody? (g)
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I see the G-8 in the news every month. Will they ever get moving on Chernobyl reactor #4?????
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Colin
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