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

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To: I Am John Galt who wrote (7610)5/27/1998 1:15:00 PM
From: PartyTime  Read Replies (2) of 18444
 
Jon, it appears you were wrong when you denied that Zulu would own 80% and that ESVS would own 20% "OF THE RESULTING ENTITY" [caps for emphasis]. What else have you been wrong on?

The March 16, 1998 ESVS SEC S8 Filing:

7.04 LIMITATION ON EQUITY. If during the period from the date hereof
until March 1, 1999, ZULU-tek or Enhanced undertake a merger, consolidation or
similar transaction or form a new entity which is owned by their current
shareholders or a successor to either of them, the capital structure will be
such that if the same were undertaken on the date hereof, the shareholders of
ZULU-tek would hold 80% and the holders of Enhanced would hold 20% of the
resulting entity ("Deemed Ownership"). In addition, if ZULU-tek or Enhanced
elect to issue additional shares of their common stock or capital stock
convertible into Zulu-tek Common Stock or Enhanced Common Stock, as the case may
be, in order to effect independent corporate acquisitions or other transactions
(other than as contemplated by

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