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Technology Stocks : Zitel-ZITL What's Happening
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To: Jay Maitland who wrote (1677)12/14/1996 8:30:00 AM
From: M. M. Jones   of 18263
 
Jay, the way I read the 8K is that Stewart sold the company, but he bought it back from himself. Some kind of legal or accounting maneuver that may have some practical advantages for the company. I'm not familiar with it.

"For accounting purposes, the transaction has been treated as a recapitalization of the Acquired Company, with the Acquired Company being treated as the acquiror ("reverse acquisition")." M.M.

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