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

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To: CWIII who wrote (17471)12/30/1998 12:42:00 PM
From: Bagladdy  Read Replies (3) of 18444
 
CWIII,

Just got off of the phone with Tom Eckman of Sitrick.

He said that he had no conflicting notes from management that the split would not take effect as announced. (He didn't say that it would). If so, it could happen before the bell tomorrow or anytime during the day.

We talked for a bit and here are some highlights of the conversation.

1) The company has big money waiting
2) The company must hire a CEO, get SEC approval and go ahead with
the merger in order to get the wheels rolling
3) Brandsforless was on the "for sale" block at a good price, so the money people said go for it
4) Sitrick can get press in major places, but needs for the company to have all the pieces in place
5) The merger does have a chance of not going through (no reason stated)

I had a fairly casual conversation with Mr. Eckman, nothing too heavy.
Just thought I would pass it along to you.

Reverse splits are often the kiss of death as you know, but not always. If this newest deal holds together, and if the convertibles are not shorting, then it is a very good sign. Time will tell and if they get it together, there is still plenty of time to buy in to the idea. Gotta go for now.

Charles
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