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: Zeev Hed who wrote (5161)	4/12/1998 5:08:00 PM
From: grw5	Respond to of 12043

Don't know. No. Yes. No. George

To: Zeev Hed who wrote (5161)	4/12/1998 5:43:00 PM
From: BlackStar	Read Replies (3) \| Respond to of 12043

At the time, I questioned the validity of the assumption that shares can be expected to be "withdrawn" without appropriate compensation to the owners of such share. What did eventually transpire with these shares? Are you talking about the preferred offer or the possible retirement of the 50 mil? Please clarify. Finally, how many shares are there at this time and what is the plan of the company. If anyone can summarize it in few sentences, I would appreciate it. Will this company survive, or will it end up undergoing multiple reverse splits and dilution. The current float is in the 95 mil range (93+ ?). You may be interested in knowing that the shares Eutro retired from the preferred offer was sold back into the float to pay for the preferred dividend (and some other bits and pieces). Eutro felt that a dividend to the holders of preferred would make them buy more. Maybe they did, it's hard to tell. The plan of the company is AFAIK to close three more contracts this year and work towards resolving the 50 mil problem. Both tasks are assumed to be doable according to Eutro. The latest contract (Reddi-Form) seems to be a promising sign. Even tough there has been no recent declaration from Eutro about not utilizing a reverse split to bring the float under control, the general position is that it will not happen. I think it is hard for Eutro to give official guarantees on this matter given the state they are in. A major setback could change context of business for them. Personally, I would say that a reverse is a 'remote possibility'. There is little room for further dilution. Does anyone know if Eutro can do this (raising the max auth) without a vote by external investors? Ie does Eutro hold a majority of the voting power internally? I hope that helped some.