Zulu-tek, Inc. (ZULU) Message Board

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

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To: Qualopec who wrote (1934)	2/26/1998 4:37:00 PM
From: slipnsip	Read Replies (4) of 18444

I don't understand the philosophy of buying a shell in an effort to go public.. They buy the shell with 30 or 40 million outstanding for next to nothing, fine. Why? If the company had no value before they aquired the shell, they have no value after. When a company goes public, they do it because the desire to get financing. Not to many companies going public at a 1/16 with any number of shares. Thus now the public owns part of the company and the company has additional funds for whatever. I don't understand the relationship of buying shells and giving away the company for nothing??? Doesn't add up. The "Wired" articles are interesting. SOlD my 5000 shares at the close. Only lost $1,000. Not a bad day trade. Told you I lose money when I get bored.

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