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

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To: PartyTime who wrote (16340)11/29/1998 2:30:00 PM
From: Brady B.  Read Replies (1) of 18444
 
I asked this question on Yahoo, and it's a wild one: Is it possible that this deal was intended, by the principal parties, to actually take place off of Nasdaq?

That's the stupidest thing I've ever heard. Can't you even remember why they were seeking the merger in the first place?

Let me refresh you. It was pursued so ESVS would not lose their Nasdaq listing and so that ZULU could come onto Nasdaq through the backdoor. The whole deal was based on the Nasdaq listing.

I'd venture to say there were other reason's PH wanted (had) to come through the back door instead of doing an IPO type deal.

bb
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