Zulu-tek, Inc. (ZULU) Message Board

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

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To: aleta who wrote (9811)	7/3/1998 2:52:00 AM
From: PartyTime	Read Replies (2) of 18444

Frankly, Aleta, at this stage, I don't care what you want to hear or what should be where, read this: <- Previous Next -> Message 2208 of 2215 Reply reverse split ajammer_99 Jul 2 1998 7:26PM EDT To do this you need to do a total valuation of a company's net worth. ESVS has 7.3 mil mkt cap and awesome debt. what else? You can guess that zulu will bring another 50-75 mil in worth in revenues. what about that 20+ million for acquisitions If you guess at 50 + 20 + 25 mkt cap/47 mil. I come out with 3:2. Did you ever notice a company offering 90 per share to buy a co. that is selling at 75. That is because of the additional valuation of assets that we don't have privy to. At any rate even 39 million in revenue negates any thing as radical as 10:1. We already have over 12 million shares invested when we purchased 80% of ESVS. Look at their last filing before Zulu rescued them. When you perform a shell merger you don't give up your net worth to the shell. Esvs was little more than a shell. Why would the purchasing company give up it's shares on a 10:1 basis to the shell. This is never done in reverse mergers. Did you notice that contrary to past weeks, ESVS stock has been almost stagnant on large volume, whereas it had been rising dramatically on small volume. The extra volume is insider selling. That is why the price has stagnated. The split (dividend) was done in order to create a market where they could sell off their extra shares before the merger. All the releases coming out of ESVS also helped. This was also done to create a market for the stock. You can guess but you cannot make an absolute evaluation without the balance sheets. I know with ESVS you don't even have any revenues to evaluate. The ONLY value they have is their NASDAQ listing and 20% ownership in zulu. AJ aj It's an opinion. It's his. And I think it's a good one.

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