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

To: Whitetigr who wrote (8133)	10/10/1998 5:12:00 AM
From: James Bender	Read Replies (2) \| Respond to of 12043

I believe that the financials summarize all the continuous liabilities together and then have the figure given out as either a profit or loss. In this case a profit of 799,060.88. It look like they had income of at least 1,295,000 minus expenses of whatever it would take to show a profit of 799,060.88. This would mean that Eutro had expenses of 495,939.00. As far as dividend expense that is down in the current liabilities...If you look there is also a class B stock someone may have been paid with that.....Better call Brad to make sure though.....Jim

To: Whitetigr who wrote (8133)	10/11/1998 1:51:00 PM
From: Malcolm Thomas	Respond to of 12043

A problem with OTC-BB stocks is they are exempt from many requirements that other fully listed companies on the NYSE, AMEX and NASDAQ must meet such as full disclosure. That is why investors have to be especially cautious when weighing company financials on these OTC-BB stocks. Financials can be easily manipulated or misrepresented. I don't believe this is a problem with our Euto. We will be sure however when we see some positive results i.e. rise in stock price that holds. I have included below an explanation from the Stock Dectective which regularlt exposes corrupt OTC-BB companies. If you have not visited the site it is certainly worth a visit: http.//www.stockdective.com >The OTC Bulletin Board is a regulated quotation service provided by The Nasdaq Stock Market, Inc. which displays real-time quotes and last-sale prices for nearly 6,000 companies. These companies are not a part of The Nasdaq Stock MarketSM, which is also run by The Nasdaq Stock Market, Inc. Unlike The Nasdaq Stock Market, the OTC Bulletin Board is not a stock market. Stocks are "quoted" on the OTC Bulletin Board, they do not "trade" on the OTC Bulletin Board. Also unlike on The Nasdaq Stock Market, OTC Bulletin Board companies do not have to meet any quantitative financial requirements. To be quoted, a market maker, not the company, normally needs to file a Form 211 with the National Association of Securities Dealers, Inc., OTC Compliance Unit. OTC Bulletin Board companies do not have to file 10-Ks and 10-Qs with the SEC, which can make it difficult to find reliable information. However, some OTC Bulletin Board companies are fully reporting, and their SEC filings can usually be found in the EDGAR database. But just because an OTC Bulletin Board company is fully reporting doesn't mean that it is similar to a Nasdaq company. Besides having listing requirements, Nasdaq also goes a giant step further and does extensive background checks on the business and principals of would-be members. It is not unusual for an OTC Bulletin Board company meeting the reporting requirements of the SEC as well as the minimum financial requirements of The Nasdaq Stock Market to be denied a listing due to questionable or undesirable discoveries in the backgrounds of the business or persons associated with them. While the OTC Bulletin Board is not exclusively the stock market's "den of iniquity" it is, essentially, "caveat emptor". The difference between the OTC Bulletin Board and Nasdaq can be compared to the difference between a homeopathic remedy and a fully approved FDA drug. The first one may or may not cure or kill you, but you know the latter has been tested thoroughly and, in most cases, is exactly what its label says.<