SCAM ALERT. This stock is heading into the crapper, and
when trading is halted I will not be the least bit surprised.
The cockroaches just keep coming out from under the certificates.
To those who think that Hayton isn't running Zulu, listen to
it from the horses mouth- Gordon Simpson, the former director
of European operations for Softbank Interactive.
from wired.com
"When Zulu-Tek bought Softbank Interactive in January, Simpson said, he had conversations with the Australian financier who engineered the sale, Pattinson Hayton, and his associate, Neil Miller. Simpson says that the pair, who in 1987 were partners in a British investment venture placed in receivership for allegedly failing to safeguard investor funds, are "absolutely running" Zulu-Tek. "
then of course there is the previous story in wired that reveals
some of Hayton's history:
"Hayton has been sanctioned repeatedly over the last 15 years by securities regulators in both the United States and Great Britain, in actions by both administrative and judicial bodies, and has been named by business partners in a string of lawsuits alleging financial impropriety. In 1991 the Immigration and Naturalization Service ordered him to be deported, which he avoided by marrying a US citizen. And at least one member of Hayton's supporting cast at Zulu-Tek has also suffered professional sanctions for alleged financial mismanagement of public funds. "
then a quote from a couple of his previous business partners:
"Zulu-Tek's current string of statements about its market position rings a familiar note with David Wallace. He's a Florida lawyer who is trying to collect a $773,000 judgment in a District of Colorado bankruptcy court against Hayton related to the bankruptcy of a company Hayton was involved with in 1994.
Wallace represents the former CEO of Apogee Robotics, a Colorado company that went bankrupt after the stock price leaped then plummeted with Hayton at the wheel as chairman. The attorney describes what Hayton allegedly did for Apogee: "Paint the thing like it's too good to be true, and then when the stock goes up, dump the stock into the market. It's the perfect deal." |
