from ESVS 8k...
In addition, in the Transactions, FCA Investment Company, an
unaffiliated entity which serves as a loan custodian for a group of
certain individuals and entities which made a $500,000 accounts
receivable loan to the Registrant, has recommended to its loan
participants that they convert the loan into equity of the
Registrant on terms comparable to the investors in the private
placement. One of the directors of the Registrant is an officer of,
and a director of the advisor to, FCA Investment Company.
The ZULU-tek Common Stock currently trades on the NASDAQ Bulletin
Board under the symbol "NETZ". As of March 2, 1998, there were
47,579,910 shares of ZULU-tek Common Stock outstanding and
10,753,037 shares of ZULU-tek Common Stock reserved for issuance.
The ZULU-tek Preferred exchanged in the Transactions is non-voting
except in certain corporate reorganizations, mergers and similar
matters and in such instances, each share entitles the holder to
fifty votes per share. |
