Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 ( EUTO ) -- Ignore unavailable to you. Want to Upgrade?

To: Steve1 who wrote (4012)	2/17/1998 10:05:00 PM
From: Coal Miner	Respond to of 12043

The gamble is ... Will the 50mm share problem be resolved? If it is then the wait and purchase of extra shares will be worthwhile. I would be looking for EUTO to go to $1.00+ then. Time will tell! (Myself I'm taking the gamble!) Coal Miner

To: Steve1 who wrote (4012)	2/17/1998 10:08:00 PM
From: taz man	Respond to of 12043

you were wise to dump when you had the chance. With no news comming out anytime soon, and the company keeping a lid on any news, I guess this stock is just bound and determined to do a nose dive into the ground before it can rise from its own ashes again. it just isnt worth the effort for me to bail at this price, so just sitting pat is all that can be done I have noticed that everytime anyone thinks they are getting a bargain, it just seems to grind lower. I heard that at 8 ,7, 6 , 5, 4 and today at 3. With the bottom so close, (2.6 cents away) I wonder if anyone has plans to buy big into this one soon or is everyone waiting for this stock to plow into the sub-penny zone to pick up the real bargains. It would be interesting to see what happened if they ever did retire these 50 million shares. At sub-penny, someone could own a large chunck of the company if they wished

To: Steve1 who wrote (4012)	2/18/1998 4:37:00 AM
From: BlackStar	Read Replies (1) \| Respond to of 12043

This company just doesn't have enough income to justify almost 100 million shares. I am not negative at all on EUTO but facts are facts. If the float is not reduced I'm afraid that other than mm games there is no reason for this stock to trade. Still holding a chunk but not thrilled. Umm. Last I checked float and issued shares were not the same thing. We know that the float is no more than 100 - 26 - 12 (the 'preferred deal' and in-company conversion to preferred). That is a max of 62 mil. Everybody plays the stock as the 50 mil is all liquid in the float. It may or may not be. And I don't think that all of the 62 mil is freely tradeable, some being held 'closely'. On the other hand the Eutro play has changed from a short squeeze to a long term hold with IMO good upside. There has to be some volatility when some get out and some come in according to strategy. The price was at .04 just before the close. We may see more of this today I think. I see good reason to accumulate at these prices (opportunities). Very little money can buy a substantial piece of the post-50-mil float. And if that doesn't happen I think that the company will regain confidence over time with old fashioned hard work. I hope there is reason for you (and all of us) to appreciate your position in Eutro stock in the future. If nothing more happens I'll review my position in Eutro come summertime.