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

To: Andre Daedone who wrote (9847)	12/31/1998 10:27:00 PM
From: BlackStar	Read Replies (3) \| Respond to of 12043

Someone on this board knew that they went ahead and got the 400M authorized on Nov. 4, 1998, and it wasn't me. Me neither, I can tell you. I think I got the link from your post. Interesting reading and a complex paper trail that sheds some light on a question I was asked a long time ago... Apparently, the SEC had nothing to do with these shares being authorized. For all I know this is correct, but... "2. An increase in authorized capital of any company must be approved by the Secretary of State, Corporation Division, Securities Department." and "4. No shares can be issued for sale to the public without approval from the SEC.". Both statements taken from the Eutro web site. These are the written word from the company and I take it to be true. The above would mean that it really only takes 52 bucks and a letter to the right agency to raise the MaxAuth. I'd expect it to be more complicated but since the SEC needs to know if you issue more stock, the same effect remains. The SEC will receive information when Eutro wants to issue more stock and can grant or deny that request. I would like to be on that pipeline of info... Then we have (also from the Eutro site) "5. Even though additional shares may be issued for acquisition of assets, these shares will be restricted according to SEC Rule 144, unless exempt from SEC Registration.". This is very interesting and is key to the valuation of stock in the float (the 'price' as we see it). What I want to see is what Eutro has bought and with what amount of stock and the restrictions on that stock. I would like to know what lies behind "...unless exempt from SEC Registration". Does that mean Eutro can issue and sell new unrestricted stock? I don't know. Any insight is appreciated. Anyway, the bottom line is that it takes more than 52 bucks and one letter to be allowed to increase the outstanding with even one share.