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

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To: Jon Tara who wrote (17805)1/7/1999 3:28:00 PM
From: PartyTime  Read Replies (2) of 18444
 
Jon, you wrote in SI 1705: "Anybody like daytrading?" Ha! Check this out, you're gonna love this one! First The Good Pope's ESVS/Yahoo Post; next, my reply to him. This could account for the funny trading activity of ZULUD which we've been seeing throughout the day.

The Pope:

ZULUD Volume & C. Schwab -- ?
by: el_pope (36/M/Southern California)
12058 of 12064

I looked at my Scwhab account this morning, and I had one hundred times as many ZULUD shares as I should have had. Apparently, the Schwab system performed a forward split instead of a reverse split.

I wonder how many weisenheimers with Schwab accounts are unloading their Zulu "holdings", which would account for today's ridiculous volume.

My Reply:

Pope--what a blessing! What a blessing! What a blessing!
by: IslandPartyTime
12064 of 12064

You're right about Schwab. I just checked my account. Get this!

I now hold 217,600 shares post-split of ZULUD valued at $320,400, with $45 cash in my account. Quite a disparity, huh?

But I did the proper thing. I notified them of their error.

Hmmm, I wonder what's gonna happen as a result of this snafu? Will shareholders have a case against Schwab? Does Zulu have a case against Schwab? Is somebody gonna get fired? Or will all things be as they are and the market will reverse adjust? What's gonna happen? Yet another Zulu mystery!


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