OTCPK:EUCTF - Post by User
Post by
kidl2on Apr 25, 2018 1:19pm
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Post# 27939004
Normal course issuer bid plus plus
Normal course issuer bid plus plus2016: 1,143,000 shares at a cost of $190,076 for an average cost of $0.166 for a 55% loss to shareholders.
2017 isn’t worth mentioning with the 30,000 shares bought back at some $0.15.
The thing to keep in mind ... It’s not something which can be blamed on Bruce as the BOD approved this. The same BOD which is still “running the show”.
And then a little fun with numbers ... Percentages of expenses based on revenue:
Consulting, wages & admin: 79%
Research & development: 128%
Sales & Marketing: 61%
Now, if EUO would be some sort of brand new start-up, none of this would be alarming but in EUO’s case these type of “shenanigans” have been going on for some 12 years.
Mindboggling!