Zulu-tek, Inc. (ZULU) Message Board

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

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To: Jon Tara who wrote (17146)	12/22/1998 1:43:00 PM
From: BlueFox	Read Replies (1) of 18444

"As a result of the reverse stock split, when the previously announced Enhanced Services (OTC: ESVS - news) and Zulu-tek transaction is completed, each share of Enhanced Services stock will be exchanged for one share of Zulu-tek stock " Parse that carefully (guess we need the lawyers for this one! :) ) and tell me what it says. I see where you're heading - is ZULU now the final stock instead of ESVS? That would solve NASDAQ's concern that this was a reverse merger. On the downside, instead of ESVS having to get approval to issue more than their 20MM, it would mean 80MM ZULU shares in the pot to be issued (which is why Sirk's tune changed so quickly). You are right Jon when you suggest this adds confusion - they may be shifting directions. The standard thinking is that reverses are generally bad, but who knows. The larger concern to me would be where the 35MM for today's announcement comes from. The company had no cash sitting around. If they received major funding, you'd expect they would have announced it. BF

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