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Microcap & Penny Stocks : Eutro Holding Company Non-Investors Group -- Ignore unavailable to you. Want to Upgrade?


To: zenin who wrote (3)12/15/1998 10:56:00 AM
From: Andre Daedone  Read Replies (1) | Respond to of 128
 
Jay:
Thank you for the links. They were most informative. Here is someone who is showing concern. This guy PM'd me, I left his name out of it because he really doesn't want to get involved. Although, we know that non-reporting OTC penny stocks are not governed by the same rules as Nasdaq reporting companies, I thought that it was interesting that there are people out there concerned about EuTo's practices. I will post a great Email from Dave Johnson later on today.



To: Andre Daedone
From:WD Monday, Dec 14 1998 12:04PM ET

I bought BioAnalytics (Eutro's predecessor) as a venture capital investment in 1984(?), before it even went public, and have been lurking on this thread for over a year.

I don't want to get involved -- but didn't we (the shareholders) vote once upon a time to increase the authorized shares to 100,000,000? Doesn't it take a shareholder vote to authorize the company to have a further increase? (If a company could just issue stock to buy assets, they'd ALL do it.)

The Wilkensons have been printing this stock and selling it into the market for years. Another 400,000,000 shares at even a penny a share still gives them $4 million -- not a bad getaway fund.

-- WD, the longest-term EUTO stockholder of all

André