<<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. >>
Why should it trade higher than .008?
July 1997 December 1998
Price .008 .008
Assets BIO IVY
Float 33,000,000 108,000,000
Authorized shares 100,000,000 500,000,000
Number of companies zero zero
brought public
Market cap $264,000 $864,000
With the lack of any progress by the comapny in the last 18 months, why should the price of EUTO be any higher?
Would you pay $864,000 for this company?
The company has lacked any progress.
EUTO has traded a profitable, reliable BIO for a speculative IVY.
In fact, since the price of the stock was .0003, the only change has been a tripling of the perceived float. Therefore, to be accurate, the stock should be trading at (and sink to) .0003/3 = .0001.
Even at that market cap ($108,000), would you buy EUTO?
Lurker |
