bRiAn,
JUPITER, Fla.--(BUSINESS WIRE)--Sept. 14, 1998--Eutro Group Holding, Inc. (OTC
BB:EUTO - news) is pleased to announce that on September 2, 1998, it retained the services of
Raul E. Balsera, P.A., a firm of CPA's specializing in the auditing of company accounting records
and their preparation for submittal to regulatory agencies.
The intent is to initiate the necessary procedure for Eutro to meet the new requirements imposed by
the OTC Bulletin Board, which stipulates that all its listed companies are to have reporting status and
file regularly with the SEC.
Read this release again Brian. Companies do not hire CPA's to fudge figures and CPA's reputations are more on the line than anytime in many years in putting together financials. Euto goes the UNAUDITED root for a few reasons. Keeps cost down for now and they are not in a borrowing mode where banks require Audited statements. When they are ready to become a reporting company you will get them audited. I worked with a company that did UNAUDITED for years so it is not uncommon.
Buy on rumor sell on news. Good luck with your investments. Euto's news is not done, watch and see. It has a ways to go. Share issue will be resolved and updated and I am betting in stockholders favor.
We will have more announcements coming and they will continue to interest investors and stockholders alike. Do what you have to do, that is what everyone should do.
I think the company is making every attempt to regain investor confidence and for that we should be estatic.
Regards to all. |
