Zulu-tek, Inc. (ZULU) Message Board

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

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To: PartyTime who wrote (7319)	5/21/1998 3:39:00 PM
From: CWIII	Read Replies (2) of 18444

Partytime, I think Jeffrey's post on 5/14/98 is a good example of a possible scenario of what will happen after the ZULU/ESVS merger. Message 4459379 To: +Terry T. (7030 ) From: +Jeffrey_J Thursday, May 14 1998 2:51PM ET Reply # of 7319 Terry, the 12,000,000 NETZ for 220,000 ESVS share swap accounts for approx. 20% of each others share base. 20% not $0.06 / per/share. Consider this : Hayton's $12 MM investment in SIM with Netz stock would most likely want to protect his investment along with all former SIM shareholders and principal shareholders of NETZ stock. So a share dilution of huge amounts would be foolish. Plus the co. would still want to keep a reasonable float to the stock say 10,000,000 shares. However, there should be some conversion formula to change NETZ to ESVS if this is infact the breakdown. At this point any dilution of a 1 for 10 scenario would be favourable to NETZ shareholders. i.e. Worst case scenario on a 1 for 10 so a 10,000 NETZ shareholder with $5,000 mkt value gets 1000 ESVS with $6,000 mkt value and is now ahead by 20%... IMO a 1 for 5 is more realistic leaving a NETZ shareholder up 140% from current levels. Not to shabby.. Time will tell.

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