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


To: InvestorTim who wrote (610)2/17/1998 3:04:00 PM
From: Joe Copia  Read Replies (1) | Respond to of 18444
 
I did not receive a letter either. if anyone here recieved letter could they post it?

Joe PTG&LI !!!



To: InvestorTim who wrote (610)2/17/1998 4:39:00 PM
From: aleta  Read Replies (2) | Respond to of 18444
 
Thanks Tim,

I called Wall Street Equities to ask about the investor letter, since I had not received mine yet. I have been invested since October-November of 1997 and should have received it. I couldn't speak to either Jim or Ron as they were at a meeting. I spoke to one of the secretaries and asked her if maybe my name had accidentally been left off the mailing list and would she mind putting me on the list. She asked for my name and phone number and said she would give it to the lawyers(?). I then said, "Wouldn't it be a good idea to take my address so you can send me the investor letter?" She took the address and said that she would give that to the lawyers too. I then asked if in fact a letter had gone out. She said, "Yes." It seems some of the letters came back because she asked if I had a new address.

My take on this and this is only an opinion, I think that the folks at Zulu-Tek don't care for all the hype and naysaying going on on the internet about the company and are becoming very careful who they talk to or send information. Unfortunately they need to realize that even some of us on the internet are investors and entitled to the same information that other investors receive. It's a fact of life that all good companies need to get used to and learn to live with. Again JMO.

Regards,

Aleta



To: InvestorTim who wrote (610)2/17/1998 5:07:00 PM
From: TraderGreg  Respond to of 18444
 
Tritto, I did not receive a letter either nor am I familiar with the stock swap at all.

Tim, do not slam yourself. The problem is not ignorance on your part, rather it is inconsistency of terminology. Let me explain:

As provided to me by a Series 7 licensed broker:

Authorized--Number of shares permitted for issue (without a board meeting/shareholder vote to up the number.

Outstanding--Number of shares issued.

Restricted--typically 144 stock that requires a mandatory hold period, typically 2 years.

Now, here's where a lot of confusion arises:

Float = Outstanding - Restricted shares

Unless the shares are Restricted, they are counted in the float. That means Bill Gates' unrestricted shares are in the Float!!! even if he plans to keep them in his family long after he, his children, their children, etc are long gone.

Faced with the obvious question of how to separate tightly held shares from trading float, some people choose to use terms like the "trading" or "active" or "effective" float. You just picked up a new term, "held"

This "modified" float is simply Outstanding - Restricted - "tightly held shares". Unfortunately some people call this the "float" and then assume YOU know what they mean.

Terms are meaningful only when everyone is working from the same definition. Hope this hasn't confused you more.

TG