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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: I Am John Galt who wrote (760)2/22/1998 12:53:00 PM
From: OtherChap  Read Replies (8) of 18444
 
This really is fabulous. By watching this thread, one can
see the entire formation of a classic penny stock hype
job from beginning to end. Just a few months ago this
company didnt even exist, they've never reported financials
to the SEC, they've undergone a 500:1 reverse split just to
get their share price up to 15 _cents_, and because they
have to do with web ads people are trying to say they're
the next doubleclick? for one thing, there is no doubleclick
in the first place- that stock is a dog that has not made
a dime for anyone but insiders- it's already trading well
below its "first trade" price, for another, the only web
ads that seem to be making money are those for porn. :)

It's easy to see those who either work for the company or have
a large long position: they post pages and pages of very
official sounding detailed hype. Take for example the first
message in this thread? Sounds like it was written by
the company PR flack himself! Since this company has
never reported any financials, ya gotta use lots of impressive
official sounding words so people will throw their cash
at you!

Looks like a textbook case to me. If only small investors
would learn to stay away from these stocks. I hate to
see people taken advantage of in this way.

cheers,
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