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| Eutro announces a 'dividend' of shares received when bringing Freedom
Medical public. 10,000 shares of Eutro brings a dividend of 17 shares of
Freedom Medical. Less than 10,000 shares of Eutro brings a cash dividend.
The cash dividend is calculated at 17 dollars per 10,000 shares of Eutro.
The record date for the dividend is Friday, Jan. 30, 1998
Source: Yahoo
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| Eutro takes on Mack Hunter and William Burckart as directors of the
board. Dan Birbilis is appointed president and Brad Wilkenson is appointed
vice president.
Source: Yahoo
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| Eutro declares general 'dividends' of client stock. From the December
'97 newsletter:
The first topic concerns the recent addition of financial consulting to Eutro's activities. We advise privately owned small to medium sized enterprises on how to get into the proper posture to raise money from the securities markets. Eutro is compensated in both cash and in stock of the clients' enterprise. The stock will be distributed pro rata to our stockholders. Particulars on each distribution will be provided to you. There are several such clients in the pipeline of which you can expect to receive your share of the common stock earned by Eutro. We feel it is proper to inform you that existing securities regulations impose a six month waiting period before Eutro can effect the distribution to you. Since we all are law abiding citizens, we will comply with the law and you may rest assured the stock will be distributed to you just as quickly as is legally possible. [For a discussion on the second topic referred to see the editorial page.] Source: Eutro newsletter #3 December
1997
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| Final count shows that over 22 million shares of common stock has been
converted into preferred stock.
Source: Eutro newsletter #3 December
1997
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| Eutro reports that Bio-Analytic 4Q sales is up 162% to $304,000. Sales
for the year 1997 is up 60%.
Source: Eutro news release
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| Eutro submits 15 million shares of common stock to TA for conversion
to preferred stock. 4 million more are being processed reducing the total
issued and outstanding by 19 million shares.
Source: Eutro news release
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| The first 300.000 preferred shares and accompanying warrants are being
processed.
Source: Eutro news release
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| Eutro signs contact with Freedom Medical Holding Group, Inc. to act
as financial and management consultants. The contract runs for one year.
Freedom Medical expects to go public on the BB within 60 days. Eutro will
receive approximately $250.000 worth of cash and stock.
Source: Eutro news release
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| The offer to exchange common stock for preferred stock is extended
to August 30.
Source: Eutro newsletter #2 June 1997
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| Information regarding a pill that lowers blood cholesterol and a home
test kit for evaluating the efficiency is disclosed. Also, two new companies
are targeted for acquisition. These two together with Diagnostic Specialties
are to be acquired 'soon'.
The plan-of-action as per the document 'Premise' is:
New acquisitions are specified by: The goal is to eventually provide one stop shop for commercial labs, hospitals and doctors offices. About six potential targets for acquisition exist that could contribute significantly to Eutro. However, distribution is key and a distributor has been contacted that may contribute with up to $2.8 million dollars if an acquisition is made. Including the planned acquisitions Eutro will have revenues of approximately $9 million dollars with a profit margin before tax of 12%. Industry average being 8-12%. Source: investors information package,
document titled 'Eutro Group Holding, Inc. Annual Summary' and document
titled 'Premise'
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| Mr. John O'Keefe (Corporate Chief Financial Officer) and Mrs. Vicki
Lavache (Secretary/Treasurer), both Corporate Directors, leaves the company.
Mr Albert Shackelton and Mr. Daniel Birbilis rejoins the company. Mr. Birbilis will assume the position of Secretary/Treasurer. Mr. Shackelton and Mr. Birbilis will join Mr. William Herndon, President
of Bio-Analytic, on the Executive Advisory Committee to assist and advice
Floyd Wilkenson in expedition of Acquisitions and Contracts for New Products,
as well as Marketing and New Product Development activities.
Source: Investors packet, Document titled
'Letter to stockholders' dated January 27, 1997
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| To generate revenue to sustain Eutro and Bio-Analytic during 1996,
an attempt to start a subsidiary, Special Products, was made to handle
a contract with another company to make a dietary supplement product. This
contract was not honored and no revenue was generated.
This situation forces Eutro to obtain funds from the issuance of common
stock according to Reg. D.
Source: Investors packet, Document titled
'Eutro Group Holding, Inc. Annual Summary'
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| Eutro enters into letter of intent to purchase Diagnostic Specialties,
Inc. Diagnostic has a history of R&D and some manufacturing capabilities
that is intended to greatly complement activities at Bio-Analytic Laboratories,
Inc.
Source: Eutro news release
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| Diagnostic Specialties undertakes to examine versatility of the newly
patented immuno assay slide device.
Source: Eutro news release
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| The SEC finds Floyd D. Wilkenson in violation of the rules of reporting
his holdings in Eutro.
Source: SEC
News Digest, Issue 95-98, Search for 'Eutro'
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| Freedom Medical caught in wheelchair fraud. [Edited: Caution! This
may not be the Freedom Medical that Eutro is bringing public. Investigating.]
Source: HNC:
BCBSUW Fraud Team, Search for 'Freedom'
Source: HNC:
BCBSUW Fraud Team, Search for 'Freedom'
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Eutro Group Holding, Inc. is organized following the reverse acquisition
with Bio-Analytic Laboratories, Inc. The purpose of Eutro is to help small
companies grow. The services range from financial consultation to outright
acquisitions. The below text are from the 'Summary Overview' in the investors
packet. Due to the strong links Eutro has with Bio-Analytic the text is
slightly unfocused, however it does outline the shape of Eutro:
Eutro's newest endeavor is to assist companies to obtain the proper posture to raise capital necessary for these companies to become successful. In addition, Eutro acts as management and financial consultants. [...] Eutro Group Holding, Inc.'s businesses, directly and through its subsidiary, is centered on their core services: production, selling and distribution of a wide assortment of health products to a broad array of wellness products to consumers, and professional management advice. [...] Eutro was originally conceived as a holding company which would have
as its primary activity the maximization of the value of its security portfolio.
Its modus operandi was to have been proactive investment banking, meaning
that it would actively seek to implement its investment concepts rather
than simply wait for potential clients to approach it. While there may
be a mega difference in size, the basic concept is similar to that of Berkshire
Hathaway. Simply stated, Eutro will be compensated in three possible ways
for the services it renders to its clients. First, is a cash payment to
cover actual expenses and leave a profit. Second, is a block of the clients
common shares. Third is the possibility of an ongoing relationship with
the client as financial consultant/advisor.
Source: investors information package,
document titled 'Summary Overview'
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