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

To: Michael Harb who wrote (255)	1/20/1998 12:19:00 AM
From: tahoeman	Read Replies (1) \| Respond to of 18444

All of this talk about "Printing Shares"......I'm certainly not an expert here, but doesn't Zulu-tek need to file for approval to release additional shares into the market? I think TM mentioned Preferred Shares being used, which would be helpful in anticipating management's view of timing of growth. If Zulu-tek has provided Preferred Shares that are convertible later for a certain number of Common Shares, then when can they be converted and what was the purchase price for the Preferred Shares? (Divide the purchase price of the Preferred by the agreed upon number of converted Common Shares and get the management's view of the stock price at the agreed upon time in the future when conversion can take place). Preferred Shares are a pretty effective way to finance. At an agreed upon timeframe (usually after the 10K is filed) the Preferred Shares get registered (takes about 45 to 90 days), and Preferreds get converted. If additional shares need to be issued, the appropriate filings would be made (after the 10K) and the Common Shares get dilluted, but as mentioned by Michael Harb on the previous post, Zulu-tek is buying revenue producing companies that are hot and have value.....we will still be very well off given that the whole is worth more than the pieces. Again, I'm not an expert here, so if anyone knows better, please chime in. I've had experience in this variation with Preferred Shares in another startup, and it worked the way I explained. From my keyboard, the filing of the 10K is the key to our puzzle and the match that will light this rocket of a stock! --Tahoe