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

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To: Jon Tara who wrote (3604)3/13/1998 4:48:00 PM
From: Stums  Read Replies (2) of 18444
 
No one to my knowledge has seen financials since all the mergers/buyouts etc.

I do not know exactly when they were originally expected so I do not know how late they are.

I agree. I don't care who audits them.

My basis for investing in this company is that I feel the Internet arena will be the highest growth area in the next 20 years. Most of the internet companies are not making money and most trade at what I feel are out outrageous prices/multiples. I am willing to risk pennies (.20-.60), a fraction of call options on most stocks. I view this investment as a long call option with no time limit. I know that my capital may be worthless but in comparison to the up side it is minimal. If this company is a scam I lose my investment and there will be numerous shareholder lawsuits. I know I wont get my money back but I am willing to take this minimal risk. If this company is not a scam it is worth at least half of what DCLK is worth. Even an eighth of DCLk leaves us at $3. I admit that management has ridden on DCLK coat tails for all it is worth. They have now put pressure on themselves to produce something. If and when they substantiate revenues of $ 39 million this stock will be a minimum of $4.00. Granted I have put faith in the accuracy/truthfulnes of the company released press release. The downside risk to this is so so minimal to the upside.Unfortunately for me , I am a trusting person. I have trusted the individuals who have stated that they had revenue of $ 39 million. I also trusted a 18 year old techie so take it for its worth. Happy investing.
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