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


To: Theo who wrote (2214)12/3/1997 8:39:00 PM
From: stockid  Read Replies (2) | Respond to of 12043
 
Speculation, who done it? Why did they do it? I love speculation. My theory is that the four companies whoever they may be did the following:

Using logic as my guide. Companies CEO or Presidents all know one another. They had shares in EUTO pre one cent. Sold countless shares on the first run up way back when, made a huge profit. Did not buy back shares at the .08-.10 range which we have been in for months.

Low and behold Brad after talking with members of Shortbusters pulls the trigger. He finds out that those four companies had leak shares into the float. Now he invokes the contract.

The four companies have 30 days to have their orginal alloted amount of shares back in hand. Good one or maybe all of the companies sell more shares depressing the security (EUTO) downward. Price is now attractive they buy back the shares they sold plus the shares they are short. Now they can present to Brad the orginal shares with a sizable profit in their coffers.

It's just business...and it makes sense.

STOCKID



To: Theo who wrote (2214)12/3/1997 9:14:00 PM
From: Whitetigr  Read Replies (1) | Respond to of 12043
 
Theo, I guess I shoulda left a hint of sarcasim in that first possibility before I went on then... I shoulda reread that before I posted. I don't really think there is any shareholders here that could and would have dumped like that this AM. Although there may be a few more nervous nellie's gone now.

Actually I don't think any of the "paper" was freed up on that bounce today. Like many here I believe there is a whole lotta shares out there that aren't in paper held by investors, probably a lot more than what is held in "paper".