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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
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To: Jon Tara who wrote (7341)5/22/1998 3:01:00 PM
From: CWIII  Read Replies (3) of 18444
 
Jon,

It appears to me if ESVS wanted to do a 1:10 or a 1:5 stock split all the have to do is issue either 5,000,000 or 10,000,000 shares of stock.

Let's see 50M outstanding shares of ZULU to either 10M or 5M ESVS
seems to be a 1 for 10 or a 1 for 5 stock split to me. I think the
1 for 10 is more likely but hope for 1 for 5.

According to their 8-K they will convert 1,000,000 of their preferred stock to common stock at a rate of 2.772 common to one preferred stock. That number can also be adjusted if a stock split occur etc, etc.

Doesn't seem to unrealistic to me.

Input welcomed Jon.

CWIII
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