<<Lurker Say.....
Please list all the great fundamentals. All I see are:
1. A year with no product produced.
2. A constant need to sell stock to pay for day-to-day operations.
3. Trading BIO for IVY. (Definitely a trade down)
And, if you can think of any, make sure they are fundamentals and not hype and hopes.
Lurker
I am not sure why i must do your research for you. You can read as well as I. Eutro shows earning of just under a penny per share and it sells for just under a penny per share...You disdain for this stock and lynch mob tactics are no substitute for the truth.....Or because we are mad at the increase in max shares now allowed to ignor financials , press releases that dont suit our beliefs and any other facts that get in the way of out P'od ness....
EUTRO GROUP HOLDING INC.
BALANCE SHEET
(UNAUDITED)
July 31, 1998 July 31, 1997
CURRENT ASSETS OPERATING ACCOUNT $ 2,626.87 $ (1,669.60) CONSULTING RECEIVABLES 270,000.00 125,000.00 STOCK RECEIVABLES 200,000.00 300,000.00 RECEIVABLE BIO-ANALYTIC 4,384.00 RECEIVABLE FROM MKT MAKS 168,597.75 1,688,467.72 RECEIVABLE FROM J. O'KEEFE 653,165.00 325,353.51 RENTAL SECURITY DEPOSIT 4,490.00 14,500.00 ESCROW - TREASURY STOCK 26,000.00 FL POWER & LIGHT DEPOSIT 395.00 395.00
TOTAL CURRENT ASSETS 1,303,568.62 2,478,046.63
PROPERTY & EQUIPMENT
OFFICE MACH. & EQUIPMENT 35,575.00 58,858.65 FURNITURE & FIXTURE 28,908.00 25,256.25 LEASEHOLD IMPROVEMENTS 11,689.09 11,689.09 ACCUM - DEPR - OFFICE MAC/EQ (10,220.80) (5,938.16) ACCUM - DEPR - FURN. & FIX. (7,853.32) (3,300.17) ACCUM - DEPR - LEASEHOLD IMP. (4,678.40)
TOTAL PROPERTY & EQUIPMENT 53,419.57 86,565.66
NON-CURRENT ASSETS
WHOLLY OWNED SUBSIDIARY 185,495.31 COMMON STOCK HOLDINGS 825,000.00 24,833.30
TOTAL NON-CURRENT ASSETS 825,000.00 210,328.61
TOTAL ASSETS $ 2,182,078.19 $ 2,864,705.36
CURRENT LIABILITIES
STOCK DIST. PAYABLE - FMHG $ 150,000.00 PREFERRED DIVIDENDS PAY. $ 58,124.00 LOAN PAYABLE 95,971.53 ACCOUNTS PAYABLE 28,430.99 56,256.40
TOTAL CURRENT LIABILITIES 86,554.99 302,227.93
LONG TERM LIABILITIES NOTES
PAYABLE 50,000.00 1,357,712.63
TOTAL LONG TERM LIABILITIES 50,000.00 1,357,712.63
TOTAL LIABILITIES 136,554.99 1,659,940.56
CAPITAL
COMMON STOCK 9,783,297.70 9,847,904.50 PREFERRED STOCK CLASS A 69,513.80 PREFERRED STOCK CLASS B 705,479.19 PAID IN ADD CAPITAL (1,440,272.44) (668,151.20) STOCK RESERVE ACCOUNT (103,432.50) RETAINED EARNINGS (7,871,555.93) (7,310,996.89) NET INCOME 799,060.88 (560,559.04)
TOTAL CAPITAL 2,045,523.20 1,204,764.80
TOTAL LIABILITIES & CAPITAL $ 2,182,078.19 $ 2,864,705.36
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