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Microcap & Penny Stocks : Eutro ( EUTO ) -- Ignore unavailable to you. Want to Upgrade?

To: jkbailey who wrote (4950)	3/30/1998 5:54:00 PM
From: Douglas Craig	Read Replies (2) \| Respond to of 12043

A great deal. It shows growth in how they are handling companies - first deal $250,000, second $400,000, and now $600,000. But Eutro can have 10 of these deals and with 93 mill in the float, we can only expect a price in the range of $.20 or $.30. Let's look at what the deal announced today did for the bottom line as far as investors are concerned - earnings. Let's assume a 50% profit margin. The $300,000 dollars in earnings would then be spread out over the 93 million shares. That gives us a per share earnings of $.0032. A whole third of a penny! There may be market makers messing with this stock, but we are not going to go much beyond the current price without a reduction of the float. I am truly glad that Eutro is making progress in their new direction. They will be around for a long time at this rate. But this announcement really does very little for shareholder value in my opinion. I am still long (over 2 years) with my XXX,XXX shares, but my expectations are much more subdued then six months ago. I think that today's price action really demonstrates the uphill battle we face without something being done about the 50 mill shares. Still waiting for reduction news Doug