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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Binder who wrote (9740)12/29/1998 12:04:00 PM
From: Pagan  Read Replies (3) of 12043
 
Interesting reading from EUTO web site:

In an effort to answer all the questions raised in the e-mails received
by Eutro, management would like to offer these explanations to the
Company's direction.

The Company hopes that this information will offer some insight and
address the concerns of its shareholders.

1. Management increased the authorization because they feel it is time
to grow.  To obtain acquisitions of revenue producing companies, they
must have shares of stock available to effect payment.  Management has
never frivolously used shares for illegal or unreasonable purposes.

2. An increase in authorized capital of any company must be approved by
the Secretary of State, Corporation Division, Securities Department.

3. The fact that the authorization is increased, or decreased, by a
company does not change the 'Float'.

4. No shares can be issued for sale to the public without approval from
the SEC.

5. Even though additional shares may be issued for acquisition of
assets, these shares will be restricted according to SEC Rule 144,
unless exempt from SEC Registration.

6. All shareholders who buy and sell Eutro on the open market should be
aware that not one dollar of this trading activity has accrued to the
revenue of Eutro.

7. Eutro is diligently trying to build its asset base and revenues by
consulting with clients and effecting acquisitions.

8. Management has no influence over the activity of the stock market. It
is expected that there will be unhappy shareholders when the market does
not respond to their expectations.

9. We will continue to diligently try to improve the operations of Eutro
Group Holding, Inc.  Eutro management knows of no valid reason why its
stock is trading at its current price.
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