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

To: Auricman who wrote (10458)	3/4/1999 10:13:00 AM
From: Deeber	Read Replies (1) \| Respond to of 12043

It was reported that the float had increased and that there were several shares sold into the float, part of that 50M they used as financing I believe...face it, EUTO will NEVER see .03.

To: Auricman who wrote (10458)	3/4/1999 1:53:00 PM
From: Lurker	Read Replies (1) \| Respond to of 12043

<<Post your evidence that the float has gone up. free trading shares are the same. get your facts correct or stop posting. >> Remember this(?): <<Eutro recently asked shareholders to approve an increase in authorized stock to 100 myn shares "in order to make significant acquisitions and to implement our asset base-building and income-building plans". Since they currently have just 13 myn shares outstanding, there is mucho potential dilution, which is probably why the stock price has been weak recently.>> Now the float is much higher. Having been caught with their system of selling stock to support the salaries of a non-functioning company, they didn't even ask the shareholders this time. The authorized number of shares is now 1/2 billion. But, they use the same excuse. "Trust us. We will use the extra shares to make this company more valuable." Actually they are telling the truth. It is more valuable - for them. They even admit that their goal is to increase their income. We thought that they meant income for the company and ALL shareholders. They meant just for management. The shareholders get screwed.