Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Zeev Hed who wrote (228)	1/3/1999 8:18:00 PM
From: Bagladdy	Read Replies (1) of 1438

Zeev, I'm back in town. Thank you so much for taking the time to look over the filing on ESVS. Over the last year the story of ZULU/ESVS has changed so many times that I didn't include it all in my question to you. Simply too much to go in to without typing for a couple of hours. I will mention a couple of points here and you can further pursue it or drop it altogether. Alot of top notch officers have joined the company since the derogatory articles were written. One notable is from Disney. Some people have postulated that this article was written (and some others as well) because of a close relationship between a member of the mag and a former employee of company which was bought by ZULU and that was unhappy. As ESVS was near delisting last March, they and ZULU swapped stock to get the minimum value of ESVS up to standards. From that point in time the two companies have shared the same offices and as far as I can tell and really acting as one. Thus, it was not clear to you why I asked about ZULU and posted a ESVS 8KA--sorry about that. ZULU has always been non-reporting. ESVS has been reporting and even though this current delisting has continued to report. I don't know why the insiders are filing to sell. I haven't seen any proof of the sales thus far. I was baffled about the filings when the stock price was at its low. It certainly looks as though they have filed, but not sold yet and are waiting for the reverse to take place. Also some of those insiders no longer work for the company. Without running the risk of repeating myself (which I probably doing) I wanted your opinion of whether or not you think that these companies are playing the reverse split-name change-make acquisition via convertibles-increase the number of outstanding's via the reverse-short the stock to death game. Thanks again for the time. I enjoy your posts. Charles Dallas

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