Zulu-tek, Inc. (ZULU) Message Board

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

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To: Bob M. who wrote (13617)	9/9/1998 11:16:00 AM
From: BlueFox	Read Replies (1) of 18444

Can anyone give a reason or reasons that ZULU went from $.44 on 8/24 to $.14 on 9/8. On 8/24 it doubled in anticipation of final information about the ZULU/ESVS combination. There was an expectation of news that was going to make investors happy, but when the release came out the next day confirming the 10:1 conversion ration Mr. Hayton has hinted at in an earlier conversation, the price fell. The ESVS price at the time of the announcement was somewhere in the 2.30-2.50 range I believe, which at a 10:1 conversion valued the ZULU stock at .23-.25 cents. Investors buying at .44 were looking at a guaranteed loss unless ESVS doubled in value, thus the stock fell back to its original levels and has continued to slowly erode since then. BF

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