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

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To: PartyTime who wrote (14079)9/15/1998 10:24:00 AM
From: Jon Tara  Read Replies (2) of 18444
 
ESVS trading below 1. (Bid at 15/16, and a couple of trades at that price.)

Darn, just missed-out on that bet with Bambaata. But it's 4 days too late to collect (the bet was "bry Friday, the 11'th").

Bambaata bet dinner that ESVS would be trading at 3 (or was it 4?) by Friday, Sept. 11.

I countered that it would be trading at 1 by then.

The bet was for dinner at a very nice resturant in La Jolla.

I'm not sure I would have enjoyed the meal, anyway, though. It's hard to swallow while wearing body armor...

Anyway, looks like ZULU goes to a dime today. That's a 90% loss in value since $1.

Will it go to a penny? I dunno, should be interesting. If it does, I think that's a good indicator that it's a scam. If it's just a struggling company, I doubt it goes that low. But if it's a scam - well, it's already lost 90% of it's value once, I see no reason why it can't do it again.

If ESVS continues to drop, they will once again face delisting. How much of the price do you estimate that the NASDAQ listing is worth? What if they complete the merger, and go right back to the BB?

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