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


To: WEBNATURAL who wrote (5128)4/8/1998 10:13:00 AM
From: BlackStar  Read Replies (3) | Respond to of 12043
 
Do you have the post # or date of ownership for the Freedom shares?

From the Eutro news release:

"The record date for the above distribution will be Friday, Jan. 30, 1998."

That, coupled with the six month SEC-imposed delay puts the actual distribution in July.

The delay is laid out in the latest newsletter (dated Dec. '97):

"We feel it is proper to inform you that existing securities regulations impose a six month waiting period before Eutro can effect the distribution to you. Since we all are law abiding citizens, we will comply with the law and you may rest assured the stock will be distributed to you just as quickly as is legally possible."

Since I don't know I can only guess at May-ish on the inside and late July-ish on the outside. It is in the pipe so I don't see the point in calling Eutro about this alone.