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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Stretch who wrote (10299)2/12/1999 11:59:00 AM
From: Andre Daedone  Read Replies (1) of 12043
 
Hello Phil:
That is fine and dandy but it won't work! It didn't work for LTGL and it won't for Euto because they lose the trust and the confidence of investors and smart people just won't buy into their lies forever. Other companies have accomplished what Euto said they want to do but the difference is that they had share prices of say .25 cents and did a 3 to one reverse when they had great contract news with real positive cash flow. A couple of signs for positive reverse splits are; the company does not get 1/2 billion shares authorized, then sells them all, and then does the reverse. They usually have around 24M shares total, with 18M in the float, and after they reversed they had 8M, and 6M. This is how smart and legitimate companies use reverse splits. Not steal from their investors by diluting the stock then take away 95% of the stock when they do a reverse.

André
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