Zulu-tek, Inc. (ZULU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slipnsip who wrote (3093)	3/9/1998 4:06:00 PM
From: slipnsip	Read Replies (2) of 18444

Dilution: If ESVS is really going to issue 50 million convertibles, based on yesterdays close (if they were convertible for that) of $4 5/8's that would mean they would be adding roughly 10.8 million shares to the existing 1.3 million. If they were convertible at $10 they would be adding an additional 5 million to the outstanding. You tell me that this is not dilutional?? "To ALL: Just talked with Tom Burgess.... There is NO DILLUTION.....what ESVS will be issued is Convertible Preferred Shares that can be converted in two years (if they want to)...." NETZ has already issued all of the preferreds they had authorized. This means that they either A) authorized and issued more convertibles or B) existing insiders unloaded current holding. If they issued more shares, that is dilutional PERIOD. What price can they be converted at?? 15 cents? 50 cents? $1??

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next