Theo's Poolside Discussion of Trading Delights and Disasters (BYOB)

[Theo]

The stock that broke my "Disaster" cherry: EUTO

...................................................................................PART I

This particular story has its origin in 1997 before IHub was even an idea. In fact, the chat platform du jour at the time was Silicon Investors. While SI is still active, my profile (along with many others) is no longer available due to a file corruption on one of their servers at that time. As a side note, at one time, I was active and used my alias "Theo" on all three of the big threads of the time (Silicon Investors, Raging Bull, and, of course, here on IHub). While I no longer have access to my original alias, I do have another profile (they made me create) that I haven't used in a decade and a half so that I can at least chase my history.

Now EUTO was not my first stock purchase back in the day, but it was my first major faux pax and the beginning of a long period of painful lessons to be learned

The late Jim Bishop and me back in 2010 were discussing embarrassing posts we have made in the past here- (#msg-50563286) when the ticker EUTO came up. I looked it up on SI, and sure enough, I posted to another poster who went by the name "Jim B". This is/was him based on this post (#msg-50563379). Anyway, he was in it too and it's fun to go back and read those posts....<sigh> but I digress.

Another poster (rest in peace) by the name of Gary Swancey whose alias was GaBard also resided on SI. In fact, it was he that turned me on to EUTO. Gary was a character. I loved the guy. He got so excited and he went after DD like a bulldog even though all of us were cutting our teeth on market manipulation techniques by the big boys at the same time. It was a heady time period to be sure. I marvel even now at the pace that all of us were learning the tough lessons. Anyway, it had been determined that the best course of action on EUTO was to buy up the float and all us "investors" (sheep) would call for our certificates so the TA would need to retire them and subsequently force "Shorty" to cover. Yes, it's laughable now but THAT was the conventional thinking at the time. I believe it was Gary (but don't hold me to it) who coined the phrase EUTO to PLUTO!lol! He was an excitable guy.

This was a SI post from Jim at the time to provide context:

10/20/1997 5:56:00 PM
Does anyone have an update from the TA on shares retired today??

Also do the more experience investors agree that EUTO won't
begin to really start moving until November.. since I (and
many others) still don't have our CERTS in hand... ordered them
but not IN-HAND yet...

Also the shares we're buying on these LOW LOW LOW prices
have to be called in too.. and that's another 4 to 6 weeks..
So seems to me mid November before we get above 15cents..

But if it happens earlier that's okay with me.. I've also
seen some people posting around here and there that they got
"OUT" of EUTO!!!! CRAZY!!!! STUPID!!!! IDIOTS!! DUMB DUMBS!!
NUMB NUTS!!! oh well.. guess we picked up their shares.. hehe

LONG ON EUTO!!! Hope you all have the guts to ride this out
to the top... we gotta be strong..

(in little bitty print: please do your own dd BEFORE investing)



Jim

Another SI post to provide context to the prevailing thought at the time:

10/21/1997 3:11:00 PM
From: Jim B
of 12043

Just got off the phone with Brad at EUTO investor relations.. he was
very nice and I didn't feel rushed when talking to him. I asked
for an investor kit and told him that I bought in when the stock
was near 25cents. He explained the run up and said that he felt
the stock was now near a strong support level as many share holders
bought in above 10cents and are waiting for much bigger returns.
He said there were alot of people that bought in under 2cents that
sold out near 25cents when it made its big run.

I asked him about the short position.. he said the company had no
real comment as they are BUSY "running a business" and that financials
and earnings are currently being put together by another financial
company to see if EUTO has turned a profit.

If EUTO does have a profit and positive earnings then EUTO will send
out a press release (won't be finished for several weeks) but if
they show a loss EUTO will NOT publish a report stating so. They
want to only tell us about POSITIVE news.

They are VERY pleased with BIO this quarter and finally expect BIO
to start making EUTO some real $$$$. He had no projections as to
how much.

He said that they are currently working on several clients/contracts
and that they will release a statement as soon as they SIGN one of
them up. Otherwise, nothing to report for awhile he said.

He did confirm that EUTO is agressively retiring shares and pulling
them from common stock to preferred stock. But again, running the
business is the main concern.

------------

So I guess they run the business.. and we work together to stop the
illegal shorting by uniting our efforts and calling in our EUTO certs
and sharing our opinions together on the internet.. NOTHING illegal
about that.. "freedom of speech" comes to mind and "freedom to gather
together in public" also rings a bell..

GO EUTO!

Wish this could have been more informative but that's all there was.

Jim