Yes, PT, I agree. This does put to bed the scenario where ZULU is left out in the cold. Unfortunately (and particularly so for me, an ESVS shareholder) it opens up the possible scenario of ESVS shareholders being left out in the cold.
It seems that what ZULU now brings to the party is a listing, just as ESVS originally did. OK, legitimate - this is valuable. And it's probably true that the two companies are now impossibly intermingled, and trying to pull them apart would be fatal to both. That doesn't change my opinion, though, that ZULU doesn't really bring anything of substance to the party.
It's apparent that the same people are in control on both sides. I bought ESVS, not ZULU, because of the possibility that that wasn't the case. Since ESVS had the marbles, I went with ESVS, just in case. Now the marbles have been passed to the other hand, and my hope is that it's the other hand of the same creature. :)
There's something very odd here. BFL and omni-net are now owned by ZULU. How? What consideration was given for that transfer? I find this very worrisome, and it's a repeated pattern. Assets moved hither and yon, and we'll take care of the paperwork later. So, I'd be interested in knowing just how these companies got moved into the ZULU pile, and what (if anything) they paid for it.
(You see, PT, I'm capable of being critical of my own investment - you should try it some time.)
The move does make sense, because of ZULU's BB listing. It didn't seem there was much hope for an ESVS appeal IF they can pull-off the BFL IPO, then they will have the net tangible assets for a NASDAQ listing. (So, I wouldn't expect to see a NASDAQ listing until that, sorry.) They will have to get the stock price up as well, of course.
A name change, as well, would be prudent.
Id like to know what approvals this move will require. Will ESVS shareholders have to approve this? ZULU shareholders? When will this actually be completed? We've had months of form-filing, and now I assume much of that is back to zero and they start over again with the lawyers.
Many questions that still need to be answered. |
