Zulu-tek, Inc. (ZULU) Message Board

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

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To: PartyTime who wrote (2678)	3/3/1998 5:49:00 PM
From: slipnsip	Read Replies (4) of 18444

Per an ongoing private conversation with Blackstar, I thought I would share this with everyone. Got into a conversation concerning outstanding share authorized and issued both preferred and common. According to S&P the total amount of authorized shares of common is 100 million. This would include the preferred if/when converted. Now for the next point. The recent wired article stated "The firm has not made quarterly and annual federal filings required of companies with more than $10 mil in assets and 500 or more investors." I do not know what the federal filing requirements are. Do both of the above requirements have to be fullfilled in order for them to have to file? I think it would be safe to assume that per what we know, there should be at least $10 mil in assets. How many investors? Good chance there are 500. In any event, if the company has met the above standing (as far as assets and investors) they are not even fullfilling the current reporting requirements. This is not a good sign for a company that is trying to be on the up and up. I will not make any calls to the company at this time. If one of you does make a call, you should certainly as this question. Are you currently in violation of any SEC reporting rules as pertains to NETZ? Do you have more than 500 investors (the T/A should have that info) and can you verify for us that you have more than $10 mil in assets? IF SO ARE YOU IN VIOLATION BY NOT REPORTING? Can someone verify SEC regs on BB stocks concerning this reporting requirement? If the company is unwilling to comply with the bare minimum what makes us think that they will report at all?? Now on to my next point: If Doubleclick is priced at $31 with 15 mil outstanding and in complete compliance with filing requirements as well as outlaying intentions in black and white, and NETZ has 100 mil outstanding (worst case scenerio but likely to be close after conversion) then all other things being equal, NETZ should be priced at $4.62 per share 100 mil / 15 mil = 6.7 $31 / 6.7 = $4.62

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