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To: Jeffrey L. Henken who wrote (685)	12/22/1998 11:04:00 PM
From: Bagladdy	of 939

Jeffrey, The two companies have been operating as one entity for several months as a proposed merger is being (has been ?) developed. The history of the deal is such that ESVS was on the verge of being delisted several months ago and they did a paper deal with ZULU to keep their listing. Alot of time passed and the merger was never completed. The original cut-off date was December 31, 1998; then wham! the SEC delisted ESVS a few weeks ago. So now ZULU is BB and ESVS is pink sheets. Now granted, it is a bit early to really know, but it could be that ESVS is now being merged into ZULU rather than the other way. How, I don't know, but it appears to me that if ESVS has been delisted and the SEC is reviewing the proposal and they come out with this press release that the situation is at least worthy of a penny bet. The talk for the last few months has been that when the merger occurs, a private placement and new CEO is ready and waiting. Yes, they could have offshore accounts shorting the life out of it and need to build it back up. It doesn't seem that way to me though. You read both press releases today right? ZULU did 2 million shares today. They got someone's attention. My bet is that it will continue tomorrow. Either way, thank you for RDIM. I played it three times yesterday and today and made some good Christmas money. Missed MLRE train, maybe I will catch this one. Good investing, Charles

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