Zulu-tek, Inc. (ZULU) Message Board

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

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To: Terry T. who wrote (7503)	5/26/1998 9:53:00 PM
From: Jon Tara	Read Replies (2) of 18444

Lordy, I have never seen so much ignorance in one place, as I have seen over this ESVS stock split. This is NOT a flame, but a plea to get a basic education in investing! Please, educate yourself on the basics stock splits. No, the $5 price is NOT post-dividend. Nobody knew about the dividend until after the close today. Tomorrow's price will be around $2.50. The "effective date" is not terribly meaningful. There has to be SOME date. They had to pre-date it since the split will be effective immediately. Anyone who owned ESVS on 5/22 will get the dividend. Anyone who bought ESVS since the 22'nd will have the additional stock delivered to them by the seller. (The seller doesn't get to keep the dividend.) This will all happen transparently, so that the way it APPEARS to work is that anybody who was holding 100 shares of ESVS at the close today, will hold 200 shares in the morning. And they will be worth about $2.50.

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