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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Judith who wrote (10815)3/27/1999 10:34:00 AM
From: Colin Cody  Read Replies (2) of 12043
 
Answer: Since December, the outstanding shares have increased by at least 40,000,000. At the minimum of $.01 a share, that would mean the company has gotten $400,000. Increase that to $.015 and it totals $600,000.

You are confusing GAAP accounting with CASH. There is no connection, other than coincidental.

$0.01 stated value is a legal term that GAPP accounting must reflect on the books. Any difference between stated value and CASH is reflected elsewhere on the books. Sometimes in "paid in capital" or "excenses" or "other assets"

Colin

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