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Microcap & Penny Stocks : Eutro ( EUTO ) -- Ignore unavailable to you. Want to Upgrade?

To: Zbyte who wrote (11966)	10/30/1999 1:13:00 AM
From: Fred Seitel	Read Replies (4) \| Respond to of 12043

Zbyte, no reverse, EUTO quotes as EUTOE and is sinking. In case you hadn't heard, EUTO must meet the requirements of the Eligibility Rule by close of business 17 November 1999, or it will be dropped from quotation on the NASD's over-the-counter bulletin board (OTCBB) starting 18 November 1999. Presumably EUTO will then start trading on the Pink Sheets. Once EUTO is on the Pink Sheets, you will have to phone your broker to get a quote or place a trade; quotes won't be available on Yahoo. During the 30 calendar days prior to 17 November (i.e., right now), the NASD appends an "E" to EUTO (making it EUTOE), to alert the investment community that the determination date (17 November) is approaching. You will find quotes on Yahoo under EUTOE, not EUTO. To meet the Eligibility Rule requirements, EUTO must report audited financial data to the SEC, and EUTO must clear all comments the SEC has. EUTO recently issued a press release stating it had submitted a Form 10-SB (which is one form acceptable for submitting the financial data). But that form has not appeared on EDGAR (yet), which is odd, I think. Here's the press release: pcquote.com My best guess at this time is that EUTO won't clear SEC comments in time (if in fact EUTO did submit a Form 10-SB). I would think that if EUTO had submitted audited financial data, EUTO surely would have stated so in a press release. So why is the price low and falling? Supply and demand. To learn more about the Eligibility Rule, visit the following link at the OTCBB web site. Enter EUTO into the "Search by Symbol" text box and click on "View" : otcbb.com Read the footnote and then click on the "Eligibility Rule" button. - Fred