Hey guys....
I have been quitely reading in the background for a couple of weeks now and think some of you are missing a key aspect of this whole deal.
Let me just say that I get this info from very reliable sources.
The plethora of attacks on one of ZULU's investment advisors overshadows the management crisis at Softbank Interactive Marketing ("SIM"). Before ZULU cut the deal to buy SIM from Softbank, Andrew Batkin, pocketed over $6.0 million in two years while presiding over arguably one of the largest corporate fiascos in the advertising world. "Teflon Andy" ran up $18.0 million in losses during 1997 by implementing futile expansion plans---Australia office lost nearly $2.0 million, Chicago lost $800,000 with only two employees, while it is believed that Batkin cost SIM over $1.0 million during 1997.
Batkin then walked away with a $1.0 million handshake because he refused to work with Caroline Vanderlip, the Softbank appointed President.
The company, although still a market leader in terms of market share and revenue, is suffering from the "Batkin Syndrome".
This guy Batkin, who has three Social Security numbers and a dubious past, apparently then commenced a ZULU bashing campaign, and financed and orchestrated the theft of European clients, business and company records to benefit his new Andy deal "Inter-Ad", run by the Batkin puppet, Gordon Simpson.
Web readers and investors should draw comfort from the fact that under the new Ron Meatchem Team, the closing of Chicago, Australia and other future businesses, combined with the immediate re-negotiation of "Teflon Andy's" Webbsite guarantees, ZULU was able to cut over $800,000 per month in expenses.
A few days ago I heard that Zulu projects over $50.0 million in 1998 revenues and profits by yearend.
1. DoubleClick is a single play, single product company-Ad Rep Sales. It's largest client, AltaVista (40% or so of revenue is rumored to be sold off by ComPAQ, which may destroy DoubleClick entirely).
2. ZULU has four revenue sources, not ONE, a more stable play for investors.....more horses in one race.
3. If an investment advisor to ZULU who owns no shares and only benefits from a consulting agreement, is attacked and lambasted with inaccurate hearsay, "What, my friends, does this have to do with the success of a company who is a recognized market-leader with 22% more revenue than DoubleClick?" Answer: "Absolutely nothing."
4. Comparison:
Many investment bankers to Netscape Yahoo: IBM, Microsoft et al, have been censored, fined, jailed, investigated or have nothing to do with a company's core business concepts.
The "Shorts" last week had a field day. If ZULU is able to complete and publish it's financials soon, and is acquired by a NASDQ or AMEX listed company, with its anticipated funding, this company will be a bigger, less volatile stock play than all its competitors and critics. |
