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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
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To: Terry T. who wrote (13459)9/3/1998 10:36:00 AM
From: BlueFox  Read Replies (1) of 18444
 
4. It does not make sense (to me) that if you spend all the time preparing an audited financial for Zulumedia, you would not prepare consolidated financials for the entire company, in particular if the other subsidiaries and the parent have little or no activity to report;

Should there be any concern over this from the perspective of placing debt and operating costs (or the other suspect transactions alluded to in the recent Wired article) on Zulu-Tek's books in order to make ZuluMedia's books look better?

I suppose this will be unimportant once ESVS has bought the assets to Zulu-Tek, as they will have to report. It'll be interesting to see how the release of ZuluMedia and ESVS/Zulu-Tek consolidated statements is timed.

BF
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