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Microcap & Penny Stocks : ZuluGroup.com (ZULU/ESVS)-Ecommerce & Internet Advertising
ZULU 0.0001000-50.0%Mar 7 3:00 PM EST

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To: Curtains who wrote (486)1/26/1999 8:58:00 PM
From: Jon Tara  Read Replies (5) of 2003
 
And if you READ further in the proxy, it also clearly states that the Investor's Preferred shares ARE convertable to 10 million shares of common, and WILL be converted at the time that the acquisition is completed.

And that's exactly what I said in my post.

Yes, right now they are not convertable to common - not at this very moment.

But that doesn't erase the fact that they were sold at half-price.

And these shares clearly aren't comparable to the TFSM secondary offering that PartyTime tried to compare them to. The TFSM shares ARE common, and the buyers are paying full price.

Apples and oranges.

Why didn't ESVS just do a secondary offering, like TFSM?

Maybe TFSM and ESVS aren't quite in the same league. If ESVS could have sold the shares for full price, don't you think they would have?

It still remains that the "investors" in the Investor's Preferred made an instant 100% paper profit, and at this time (let's assume a $2.50 price) have a paper profit of 500%.

Anybody here have a 500% profit in ESVS or ZULU. Raise your hands.

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I'm waiting. I said, raise your hands... Anybody have a 500% profit in ESVS or ZULU just since November?

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Sure was a sweet deal. Wonder who these "investors" were? Anybody here know one of them?
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