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


To: Pagan who wrote (9521)12/18/1998 10:31:00 AM
From: Andre Daedone  Respond to of 12043
 
Pagan:
No one see's it. They say people have been buying but the price has been dropping. The news that EuTo has released should have put this stock substantially higher but it didn't because of the optional 400M shares that could be sold into the float at anytime but won;t because of greed. I say greed because the controllers of 400M want to get the best price possible for this stock. So they will sit back and wait until the shareholders forgive them again and start to pump up this stock. And when people start to buy again they will slowly bleed off their shares. To prove this someone start calling the TA every week for the next 6 months and post a weekly update and I guarantee you if the price starts to rise these shares will find their way into the float. And when all the shares find their way, maybe a year, maybe two, Euto will announce a reverse split. This is great fro EuTo but bad for really bad for most of its investors. They say that they are buying a lot of shares, but the volume has not been that high and since the high share authorization has become known, no thanks to EuTo, don't you think it would take a whole lot of shares sold to move this price down a little or up a little. They started labeling me as a naysayers, but I am not, I am a concerned investor that still owns 10,000 shares of Euto as a reminder of my own ineptitude.

I am disgusted. I am going to the gym.

André