Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Francois Plante who wrote (10201)	2/2/1999 2:09:00 PM
From: Auricman	Read Replies (1) \| Respond to of 12043

Francois , this is my point , The float has not increased.

To: Francois Plante who wrote (10201)	2/2/1999 3:54:00 PM
From: Lurker	Respond to of 12043

<<Float this morning at 10am was the same as yesterday ,and the same as 2 weeks ago.I called the TA and recorded 5 lectures of the float since 10 workable days;The float has not move.>> Wrong. The number of outstanding shares has not increased according to the TA. They have no record of the float. The float is that group of shares that the company already has outstanding, but not released to the general public. They have a nice little scam. Increase the number of outstanding shares by giving them to a shell company. The price stays stable because the shares have not been released into the float. Then, they release those held shares to the public "into the float," while pumpers and dumpers and ignoramuses cry out, "No release in float! No release in float!" The hype supports the price while new buyers (sheep) buy the stock (get sheared) from the shell company. Soon, the number of new sheep decreases and the price deflates. Then they start the process all over again. Lurker (EUTO is a scam, hyped by hams.)