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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (246)	1/19/1998 9:47:00 PM
From: Land Shark	Read Replies (1) \| Respond to of 18444

Aweful elaborate fabrication of the numbers. I'd believe an audited count coming from an SEC form 10Q financial report, rather than some hyperbolic guess at the number of outstanding shares.

To: TokyoMex who wrote (246)	1/19/1998 9:50:00 PM
From: PRATT9999	Read Replies (1) \| Respond to of 18444

Where is this from????

To: TokyoMex who wrote (246)	2/28/1998 3:25:00 AM
From: slipnsip	Read Replies (4) \| Respond to of 18444

"@Closely held. Ser. A Pfd. shs. are not entitled to dividends. Ser. A Pfd.shs. are entitled to $1 per sh. in liquidation. Convertible into Com. into the number of Com. shs. obtained by dividing $1 by the then lowest bid price per sh.(but not less than $0.05 per sh.) for the Com. stock during the 90 day period immediately preceding the date of conversion, which will be after the first quarter in which the company's gross revenues on an annualized basis exceed $20 million ; an underwritten public offering of not less than $10 million; registration of Com. stock into which the Ser. A Pfd. shs. are convertible; August 1, 1998 (with respect to one-half of the shs.); August 1, 1999 (with respect to the one-half of the shs.); and August 31, 1998, if on that date there is not an effective registration statement covering all the shs. of Ser. A Pfd.stock; and upon occurrence of certain specific events. a Closely held. Ser. B Pfd. shs. are not entitled to dividends. Convertible to Com. shs. on the basis of $1 million Ser. B Pfd. shs. are convertible into Com. at $0.25 per sh.; $1 million at $0.50 per sh.; and $1 million at $0.75 per sh."" It is safe to say that we have another 20.3 million shares of dillution coming from the conversion. NETZ will safely do over 20 million gross revenues. If you figure that the lowest bid over the last 90 days is $.15 then (1/.15=6.67*2,000,000= 13.3 million) This 13 million is not currently reflected in the outstanding common. The series b will be converted and will add another 7.3 million. 1/.25=4 million 1/.5 =2 million 1/.75=1.33 million = 7.33 Thus when the preffered are converted this quarter, there will be an additional 20.3 million common outstanding. Now a question that I do not know off the top of my head is this = There are 100m shares of common authorized total. Is the convertable preffered included in that 100m or is it the 100m common authorized plus the convertable to = 120.3 million?? CPA's???? Now there is roughly 42 million outstanding as I understand if you add the addition 20 million to be converted this quarter, you will have 62 million common outstanding.. Just one mans humble opinion. As usual I am probably wrong.