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: Lurker who wrote (7792)	10/5/1998 9:55:00 PM
From: Jim Reome	Read Replies (1) \| Respond to of 12043

Lurker, you said: The share issue is and will be a big drag. The 100 million share float is now a permanent reality. The news release was quite plain that the 2 companies did not owe stock. They will be able to pay EUTO off and still keep a nice profit. Euto will use that $600K to pay operating expenses. We may get extra spin-off stock as compensation. EUTO will not buy back stock, either. It would cost too much. As soon as EUTO starts buying in large quantities, the price would go too high for them to buy any more. Euto release says: The net income figure translates (with the current shares issued) to a positive earnings per share EPS of $.008, which is a 274% increase over 1997 loss of (.006). Management feels that the EPS will increase considerably in the near future as business grows and issued shares are reduced. ISSUED SHARES ARE REDUCED. I will look for the resolve of that statement. Why print it and if your returning to credibility, not mean it. Regards Jim.