To: James Bender who wrote (4085 ) 2/22/1998 8:46:00 PM From: Judith Read Replies (1) | Respond to of 12043
James, I have a few comments on your post. !. Brad's request for some breathing room Excuse me....but whose money is invested in this company? Since when are investor's told to give a company breathing room by the investor relation person?? How much breathing room do they need? When did they become aware of the 50 million share problem and how long did they keep it from us? How long has it been since the 30 day letter was sent? How much more breathing room do they need to retire the shares they announced months ago. How much more breathing room do they need to get a signed contract? How much more breathing room and time do they need to finish with Santiago Cigar? The internet is a reality that all companies have to deal with. If a company has nothing to hide, and is producing, then having investors discuss the company in depth is not a negative. All companies are dealing with this. 2. Brad said things are going well. What does that mean? What is going well, the law suit, retiring shares, new contracts? It is all just words with no substance. This is typical for Brad..the eternal optimist with no results. 3. How to announce not getting back the 50 million You present a very interesting question regarding how they would tell us and the impact on the stock. You last alternative is exactly what is happening. Therefore, one could conclude that the company knows it is not getting back the 50 million and that is why they are silent. The only problem is the company is making no progress to get on "solid footing", so who knows when they will ever announce the bad news. 4. Being back in the $.07 to $.10 range I don't think it is a given that the stock will move to that level even if they manage to get a signed contract. Look at the amount of the last two contracts. They were so small, why would people jump back into this stock? Even if they get 6 contracts by the end of the year, which doesn't look likely based on their record, how much could even 6 contracts be worth? Not much with 50 million extra shares in the float. The reality is that the primary reason people jumped into this stock was the short squeeze. Without that, your average investor won't jump in again for maybe a $.04/share profit. Many of us have already lost enough with EUTO. Why buy more, just to lose that also? Many would like to get out and are just hoping the loss will be a little less. 5. "we will depart these prices soon" What do you base this statement on? Based on what you reported of your conversation with Brad, there was not one fact that was stated, not one anticipated date or time frame, just more of the same "things are going well". I don't speak for anyone but myself, but vague statements and optimism about the future from EUTO management just isn't acceptable anymore. These comments are not attacking you James. I know that you are trying to be positive. However, you have made money here, but my guess is that most people who bought in from September 1997 to now are losing big time. You could afford to be patient when you are investing profits. It isn't that easy when you are losing money and you see no reason to believe this stock will ever see above $.10 for a long time. I really hope I am wrong. I would love to see the price go up and would be happier to post here that I was totally incorrect. Judith