More than ever, there must be audited financials. No audited financials, most likely no deal. And, as pointed out by CNBC, not every company that says they are going ot do so comes through with them.
ZULU's been promising em' for quite some time, and, so far, hasn't come up with them (as far as we know, although PartyTime will write between the lines otherwise).
Jon,
Please give it a rest! ESVS have the ZULU financial, have had them for a while and know what the numbers are! Here is proof of the pudding, as Partytime would say here it 'tis:
From ESVS 8K:
4.06 BUSINESS PLAN. Except as set forth in Exhibit 4.06 with respect to recent operating developments and their impact on the ZULU-tek Business Plan and the limitations under the SEC Rules with respect to "forward looking statements" (as defined in the SEC Rules), the ZULU-tek Business Plan accurately sets forth the financial results of SIM for the periods ended December 31, 1997 (subject to adjustments as a result of the audit for 1997) and 1996 and sets forth the current prospects of ZULU-tek in 1998 and 1999.
4.07 COMPLIANCE WITH LAW. ZULU-tek is conducting its business and
operations in compliance with all governmental rules and regulations applicable thereto and is not in violation or default in any material respect under any statute, law, ordinance, rule, regulation, judgment, order, decree, concession, grant, franchise, license or other governmental authorization or approval applicable to it or any of its business and affairs, the violation or default of which would have a material adverse effect on its business.
CWIII |
