To: Deeber who wrote (656 ) 12/18/1997 3:33:00 AM From: Coral4pH_dot_com Read Replies (2) | Respond to of 1667
Ryan, You stated, "Well, I am out of here [owning euto stock] for now, I will buy back if the price falls enough, just felt that the newsletter told us things that we thought were not the case. We were lied to [by Eutro]! " When I called Eutro for the first time about 9 months ago, I asked Brad how many shares were issued. He said, "96 million." I said "WOW! That is a huge amount of shares!". Brad said, "Don't worry. I must tell you that 50 million shares are in an escrow account. It is exactly as if these shares do not exist. They are not tradeable and they are ONLY being held by an escrow company as collateral for a loan. So you don't even need to consider these shares." Well, for all of these months, I took his word for it and trusted him and his word. Who knows, he probably believed this as he may not have had the details of the negotiations. The details may have been handled by other Eutro executives. Well, as time has passed, we have all been more, and more enlightened as to the harsh reality of MOST of the issued shares being in question. As a matter of fact, we have never been told where those shares are (are they in certificate form, have they been traded, what escrow company was holding them, the famous 4 companies that are now "Persons" ... PRIVATE placements, have the shares entered the public float, etc.,????)! Anyway, thanks for your post Ryan! You didn't have to share the information with us that you are out of this stock, but I believe as many have said on these threads ... that it wouldn't be right to always post when we have bought more shares, but never post when we have sold! And to give all shareholders some peace of mind, IF this stock does drop to where James Bender and others have indicated, I can assure you that you will not have to worry about the squeeze not taking place, because myself and many, many, shareholders are going to make every attempt to buy the entire float ... and it WILL be done if it gets anywhere near one penny or less... And once again, I still own a six figure count of euto, however, I am prepared with a much, much greater figure with regards to buying power when the time is right. It may have to come down to us shareholders buying up the whole float and more to force the squeeze ... because we now know that we cannot rely on the 50 million retirement anymore... Good luck to all!!!