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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?


To: SJ - Stephen who wrote (171)12/10/1997 10:10:00 AM
From: TraderGreg  Respond to of 3222
 
OFF TOPIC -- EUTO Yeah, that's 50MM EXTRA shares. Seems 16mm "allegedly" in the float but 25MM certs received. Calls to the company yield: Yeah, long ago we borrowed money and posted collateral in the form of 50mm shares and the lenders dumped our 50MM shares .... But no public announcement on this.

Now, the EUTO longs are pointing to Mecca and hoping for a squeeze when the lenders have to buy the stock back. If the aforementioned story IS true, then we are to believe these "alleged" thieves are going to obediently pay 2.5 MM plus dollars to cover their less than 500K dollar sale of EUTO collateral.

And I got a bridge in Brooklyn for sale.

TG