Eutro ( EUTO ) Message Board

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Microcap & Penny Stocks : Eutro ( EUTO )

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To: Judith who wrote (7798)	10/6/1998 11:31:00 AM
From: Robert Rice	Read Replies (4) of 12043

Judith took the liberty of Calling Brad to get some INFO on your tough questions...........Heres the answers. They may surprise but it shows me how serious EUTRO is about success and how bad things were just a year or so ago !! You are responding to this message from Judith on Oct 5 1998 8:11PM EST Reading this financial information has raised some questions for me. I would appreciate it if someone has the answers. Q 1. Where did the money come from to reduce the long term loans from $1,357,712.63 to $50,000? (Am I missing this and it is somehow shown here?) A The Preffered share exchange. The shares were retired and reissued. The proceeds paid off most of EUTRO's long term debt. EUTRO has plans to further shrink the float beyond share resolution. However at the time all this wen down EUTRO was buried in debt and this was the best way the thought to retire it. Q 2. What wholly owned subsidiary does EUTO still have that is $185,495? A. EUTRO has no wholly owned subsidiarys anymore. They did in 1997 but sold it all to CYPRO. So you are looking at the 1997 column q.3. Who is J. O"Keefe and why is he giving EUTO money? A. John Okeefe was the EUTRO CFO prior to 1997. When EUTRO 's current managemnt got a hold of the books they found out that Mr. Okeefe had misused EUTRO funds issued shares that were never payed for etc.....As a result MR. Okeefe settled this Year with EUTRO and has been makeing regular payments to EUTRO. Almost 1 million dollars worth. Q. 4. Why does a company receive money from Market Makers? A> 2 reasons they reissued those preffered shares from item 1 and Apparently former EUTRO management was aligned with some MM's who did not pay for shares. They are now paying in full. Q. 5. Does stock receivables indicate that EUTO sold shares into the float? A. No the stock recievables are Reddi form, Cypro etc shares given to stockholders. The more documented financials are on the website check em out. BTW EUTRO's max float is 100 mill we are close enough to that that there can NOT be any further significant dilution. We are only going down from here . Q 6. What is a stock distribution payable to FMHG? A.Again the semantics are legaleaze. What it is FMHG shares distibuted to stockholders. Q 7. Why is the non current asset - wholly owned subsidiary - not included in the total non current assets? A. The Non current asset was sold this year so it does not show up on the books anymore (bio) Q. 8. Which of the current liabilities are from 1998 and 1997? (My guess is preferred dividend and accounts payable are for 1998.) A. Again check the website as the columns are much clearer and more fully annotated. Thanks for any explanation anyone can provide. Judith I am thankfull to EUTROs management for their candor on these issues. I am pretty sure I got everything right but If I did not I'll repost the correct info. :(I)

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