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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
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To: PartyTime who wrote (16547)12/1/1998 11:57:00 PM
From: BlueFox  Read Replies (1) of 18444
 
20 million dollar loan of which 1.5 has already been delivered with the remainder set a November 30, 1998 delivery

For someone who is such a stickler for correct wording, you're pretty loose on your own. The 10QSB states:

"On September 18, 1998, the Company entered into a letter of intent for 
a private placement of up to $20,000,00 in preferred equity, of which $1,050,000
 was funded on October 13, 1998."


There is no guarantee of 20MM. The wording is "up to". Secondly, this is another letter of intent. Seems to me we've seen a few of these from ESVS.

BF
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