SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : EUTRO INVESTMENT GROUP EUTO (LONGS) -- Ignore unavailable to you. Want to Upgrade?


To: BlackStar who wrote (1171)1/24/1998 9:09:00 AM
From: slotman  Read Replies (1) | Respond to of 1667
 
BlackStar. It was'nt too long ago your questions would have generated 20 replies or so. I guess the silence is indicative of the mood of what used to be a very cohesive and positive thinking group.
There was only brief discussion (second hand) that said EUTRO was trying to get listed on Nasdaq. That's the standard answer of all BB stock companies though. EUTRO is not, nor will be eligible for a long long time for nasdaq.
When the new reporting requirements for BB's was being kicked around, Brad, by way of another investor, said they WILL meet all new reporting requirements at the appropriate time.
No, I don't think you will find any SEC filings from EUTRO at this time.
Nice job on the homepage! I'm looking forward to your editorial should you decide to run one.
Best regards
rick



To: BlackStar who wrote (1171)1/24/1998 9:44:00 AM
From: BlackStar  Respond to of 1667
 
Here is the first piece of editorial text I have put up on my site. It is a sort of summary of over the past year. Since I came on board in September I'm painting events before that with broad strokes. Also, this is me guessing so be civil about any comments. I can take being wrong. Good insights will probably make it into future editorials. I hope I can start some constructive discussion by doing this. You'll find the site here:

home1.swipnet.se

=== Eutros 'first' year' ===

The reformed Eutro just recently celebrated their first anniversary the fifteenth of January. The past year has been, shall we say, 'volatile' in the least. The miraculous recovery from the incredible lows during the late summer brought equally incredible spikes when rumors of a short squeeze developed. The spikes reached above fifty cents for a short while probably due to massive momentum trading and subsequent profit taking.

The short squeeze campaign held the stock at a dime for months until information leaked out that 50 million shares that was supposed to be held as collateral for a loan actually had been traded and was in part or fully in the float. This caused a massive selloff eventually bringing the stock to the three cent range. The selloff was most certainly taken advantage off by short sellers helping to drive the price further down. A statement by the company that the 50 million 'loose' shares would be taken care of and be returned to the company initiated a mild recovery. The deadline for the return has been a matter of debate but January 23-ish has been the consensus among many. No official statement has yet been issued in the matter.

In a clever move by Eutro to bring the stock closer to its true value a dividend of sorts was publicly announced. All shareholders is to receive a portion of the stock Eutro was paid when bringing Freedom Medical public. The statement brought a momentum based spike and left the stock building base at a higher level of about six cents. The irony is that Eutro had announced that they would use this tactic much earlier. I cannot readily find that statement now but I think it is somewhere in the investors packet. Pointers anyone? However, this move has shaken out any weak shorters. To be recorded for the dividend your holdings at the last of January is used.

Currently I think we are 'enjoying' an interesting equilibrium with money chasing the dividend going into the stock and restless money leaving that came in in December 97 hoping for a quick solution to the 50 million shares. Due to the late date most have made their move, the volume is down and the tension is up. If my reasoning holds we will see some volatility up ahead.