>>>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.<<<
Well, I've never believed any investor from either company would be "left out in the cold." Everything documented has always pointed toward both companies becoming one company and the Zulu reverse made it easier to faciliate this move.
>>>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.<<<
Well, if you think about it, everything that ZULU has had ESVS has had; everything that ESVS has had ZULU has had. This includes sharing in SEC reporting, sharing of offices, of management, etc. So I'd guess the same would be true of the respective subsidiaries. Even though the legal documentation has not been completed and has remained in process, the two companies, in effect, have been operating as one company in terms of doing business.
>>>(You see, PT, I'm capable of being critical of my own investment - you should try it some time.)<<<
Jon, this is no major leap on your part. I was critical of my TRGC investment and posted accordingly. I would have done so more frequently on the SI/Zulu thread and the ESVS/Yahoo thread were the criticism space not so clogged by posters with obvious agendas, other than constructive criticism.
>>>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.<<<
I can't wait for these two companies to begin trading as one company. I think this has been a major hinderance to both ZULU and ESVS investors. I'm sure it's added to the confusion of buying decisions and perhaps even market making decisions, perhaps even leaving the door open for market maker manipulations. It's certainly had a split energy effect.
Regarding the ESVS appeal, obviously this is/was a time-consuming process. Nasdaq, more than anything, feared a reverse take-over of ZULU over ESVS, and thus the disallowance of the original 20/20 stock swap. It appears the attorneys were bogged down trying to explain this complicated process and Nasdaq, due to criticisms which prompted its rules changes, has been very stringent. Bad press and ex-SIMer objections probably didn't help either.
But look at it this way. The new momentum energy couldn't just simply cling only to the ESVS Nasdaq relisting hopes. There's too much at stake. What if, during the March appeal, Nasdaq said it wanted even more information, postponed a decision or denied the request outright--that spells setback no matter how one looks at it.
Meanwhile, ZULU is and has been a viable OTC:BB stock and has all of the mechanisms already within it by which to expand its asset base, given the past year's acquisition, business alliance and capitalization strategy. So why not put ZULU on either a Nasdaq or AMEX board? And, yes, the BFL IPO can only be helpful in this process. In short, ZULU is just about ready and under the new leadership will be quite capable of performing well on either board.
>>>A name change, as well, would be prudent.<<<
This has been rumored. But once productive results are realized, i.e., better ZULU and ESVS (as one company) earnings reports, and subsidiaries functioning viably, will a name change really be necessary? I'm not sure. Perhaps once all has come together under one roof and a better feel exists as to what's happening, there may well be a better name to fit the whole process. But, personally, I still like ZuluGroup.com.
>>>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.<<<
Probably less work required here than battling the ESVS Nasdaq relisting. Again, Nasdaq feared a reverse ZULU takeover. Combining the two companies prior to making an initial application should pave an easier road for the process. It's done all of the time and considerably less complicated than arguing the merits of the 20/20 stock swap appeal.
>>>Many questions that still need to be answered.<<<
What would the world be like without questions? Whoever said heaven or hell was automatic? (LOL) Overall, I think we're going to be just fine, especially since the two companies can now more quickly legally become one company. That's good for both ZULU and ESVS shareholders. Indeed, I look forward to this day!
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