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

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To: Brady B. who wrote (17072)12/20/1998 3:22:00 PM
From: Brady B.  Read Replies (3) of 18444
 
Outcome of Meatchem's statement in previous post............

Tuesday, March 17, 1998
smh.com.au

Meatchem told I.T. that he quit as Zulu-Tek chairman and CEO three weeks ago......


Denial? Distancing himself from the particulars?
Meatchem said he felt "uncomfortable"........ he had no involvement in Zulu-Tek's current moves towards a reverse public offering in the US, through the NASDAQ-listed company, Enhanced Services.

Despite its dominant position, Meatchem said Softbank Interactive Marketing was "pouring money down a hole", and its Japanese parent had almost given it away.

READ THIS ONE PARTY (an amazing coincidence):
He said he first became involved with Zulu-Tek after "an amazing coincidence" saw him meet Hayton in Los Angeles last year.

Where have we heard this before?
....he also commented on 'the lack of corporate governance in the US compared with Australia'.

"People are looking for the share price...........if they sat down and analysed it they would have to have their head examined."

Did Meatchem take Autotrak with him?
'The experience has not deterred Meatchem from his enthusiasm for IT. His Queensland company is developing PC-based software solutions for car dealers.'
*********
Did Meatchem see the future? Was he truly using his psychic abilities or just plain common sense?

bb
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