SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PartyTime who wrote (13846)9/12/1998 1:01:00 PM
From: Terry T.  Read Replies (2) of 18444
 
P.T., since the company won't turn over the requested documents, we don't know for sure how the deal is being handled. Perhaps you can help me with the following:

Question: how is the now foregone "distribution" of ESVS preferred to Zulu to be a tax free transaction?

Question: how will Zulu's hypothetical, future distribution of the converted ESVS common to Zulu shareholders be a tax free transaction?

Question: will the "distribution" of ESVS common to Zulu's commons stockholders be a taxable dividend? If not, why not?

Question: is this to be treated as the distribution of all remaining assets as part of a liquidation and winding up process? If so, how can this be done so quickly?

Question: how does our basis in Zulu common transfer to the ESVS convertible preferred, which is being issued to ZULU, not us (its shareholders)?

Are not these critically important issues? Can P.H. or you help us understand them.

Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News