All -
Forgive me if this has already been posted, but I found this message from the chairman (found on their web page) rather interesting...
May 14, 1998
Dear Fellow Stockholders:
Folks, because of the rules regarding inside information, it is very
difficult for us to reveal to all of you exactly what Eutro is doing and
what our future really looks like.
However, if you fellow members of Eutro Group Holding, Inc. knew exactly
what we are doing and the progress we have made in the last 16 months,
you would be as optimistic as management of this Company.
As the Chief Executive Officer of Eutro, I will make a pledge to you
that I really made January 15, 1997, but never stated publicly before.
My pledge is very simple: Eutro will be successful and will be more
beneficial to its stockholders than any other low cost stock company on
the market today.
Let me explain:
Over the years, I have been personally involved as a stockholder with
several companies listed on the Electronic Bulletin Board, NASDAQ and
New York Stock Exchange. Your bigger companies, such as IBM, CSX,
Republic Industries, Key Corp., Loral Space, etc. turn out annual
reports that are very detailed with voluminous pages that are very
difficult to read and understand.
This is in accordance with the SEC guidelines and rules for full
disclosure for stockholders. But, unfortunately, unless you are really
astute in analyzing between the lines of what they are saying and their
financial reporting, you still do not know exactly what management of
these companies is up to. All you can do is look to see whether they
are making profits or not.
If you call their Investor Relations Department, you get very often what
amounts to lip service and they send you a packet of information, which
has been very carefully written and worded by their professional writers
and their legal staff as well as their accounting staff.
In our case, we do not have the funds available that we can spend on
having professional writers write our reports. We try to use our
securities attorney and accountants for more practical matters of
reviewing and producing information on our clients as well as our
Company.
To give stockholders an opportunity to know what we are doing and the
troubles that we have had in the past, we appointed Brad Wilkenson as
the Investor Relations contact person. He is on the telephone early in
the morning until sometimes late in the evening answering questions and
trying to give you all the information he can, always within the
parameters of the SEC rules.
The micro-cap companies that I have invested in, very often give you no
information, except the promotion type material that is trying to induce
buying more stock and telling all kinds of wonderful things about what
the company is going to do.
We do not like to do that; we want to tell you what we have done and
what we have on hand. Anytime that the Company issues a press release,
a file is backed up with complete documentation.
Therefore, we can not yet tell you the details on alot of things that
we would really like you to know, such as our plans for our client
Reddi-Form, and the plans for Freedom Medical, which is just about
finished and so on. What we are going to try to do, is outline to you
what we have done to make Eutro unique.
Eutro is unique, as you will see by the enclosed page that Brad
Wilkenson and staff prepared. Brad is very sensitive to the
stockholders interest and provides the Company the best information that
the stockholders are concerned with, and what they really want to know.
His hands have been tied a few times because we were not in the position
to reveal certain information.
But, everyday we get closer and closer to being able to give you a
complete story on the results of our efforts during the last 16 months.
What really makes Eutro unique, in my opinion, is that management from
the Chairman of the Board to the Receptionist and all people involved
have the stockholders interest foremost in their mind. Because after
all, we are all stockholders and we all want the stock to become a real
value.
There are no other companies that I know of personally that distribute a
portion of their assets to the stockholders for the mutual benefit of
the stockholders as Eutro is presently doing and will continue to do.
Benefit:
1. The Eutro shareholder benefits from the distribution of assets at
zero cost.
2. The shareholder shares in the increase in assets and profits of Eutro
through the increase in value of their shares in Eutro.
There is always the possibility that one of the clients, carefully
screened by Eutro's management, may become the next Polaroid, Xerox or
Checkers. Eutro may become the most lucrative opportunity in the world
because the only cost to the shareholders is the price of admission,
which is the price of the Eutro stock.
Ultimately, Eutro stock will be worth every penny
that you put into it. Meanwhile the stock you receive from the clients
of Eutro could become a real bonanza, which makes the program exciting.
Eutro has a dedicated and highly experienced management staff that
recognizes opportunities when they are presented to them. The Company
never has to advertise or look for clients because stockholders, brokers
and old contacts of management refer clients, such as Reddi-Form, to the
Company.
WHAT MAKES EUTRO UNIQUE:
Creativity, integrity, perseverance, proven identity, ability to
implement recommendations to clients, and most of all stockholders who
have continued to support and inspire management to continue the effort
for success.
One of the stockholders of Eutro put a letter on the Internet that
summed it up quite well and proves that our stockholders are astute.
The statement was "The Company needs to have a strong base of
shareholders in order for their program of bringing other companies
public to work most effectively. An IPO with an already known group of
investors makes for a much stronger IPO, does it not"?
This person recognized exactly what our program is about, whether it is
an IPO, a secondary offering or an offering through a Reg. D. The fact
that our stockholders know about the Company is very important and helps
the Company establish itself in the market place where other people will
be interested in our program.
There is nothing more contagious than success, and thanks to the
stockholders we are successful in still being in business after seven
years and several setbacks, but are now posed for a great future.
In analyzing the shares of stock issued to Eutro stockholders across the
board, an average stockholder holds approximately 80,000 shares of
stock. However, unfortunately some stockholders have less than 25,000
shares and will not be able to benefit as much as they should in the
distribution of assets through the issuing of stock from our client's
company.
It would appear that at the price of Eutro's stock, it might be
advantageous to take a careful look at the potential of Eutro. In
management's opinion, the market price of Eutro's stock is under priced.
Very few micro-cap companies ever offer dividends to their
stockholders. The only gain is through the appreciation of the market
value of their stock. Eutro's plan is to make sure that the
stockholders share in the potential profits and the existing profits of
Eutro. Who knows what the dollar value of that really might be in the
future?
Thank you for this opportunity to communicate with you fellow
stockholders. I remain your dedicated Chief Executive Officer.
Very truly yours,
Floyd D. Wilkenson, CEO
Chairman of the Board
JohnnyH |
