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

To: BlackStar who wrote (2398)	3/1/1998 1:21:00 PM
From: D PARKER	Read Replies (1) \| Respond to of 18444

An audit of share ownership?...Hmmm I have seen other BB's killed by INS (illegal naked shorts). If Zulu-Tek knew of this side effect of the cusip # change, that indicates to me that the management of Zulu-Tek is VERY astute, knowledgeable and is indeed taking good care of the company and our investments. Dave

To: BlackStar who wrote (2398)	3/1/1998 2:06:00 PM
From: Terry Over	Read Replies (1) \| Respond to of 18444

That is the way I understand it too. This will stop the scene I tried to describe in: Message 3560222 Until they asked for this, you could sell shares you didn't own and cause heavy moves in a stocks price. Remember one day of trading BAAT 3 weeks ago. A dollar, up to 3.25, down to .97, back up to 2.40 back down to a 1.50 in a couple of hours. After a few of those on a stock you run out of toilet paper and quit. People become afraid to buy it. I'll call Warren @ Harbor or Harvey @ All Tech and see what his take is and report back. Mahalo, T

To: BlackStar who wrote (2398)	3/1/1998 2:53:00 PM
From: Theo	Read Replies (2) \| Respond to of 18444

The folks over at the EUTO threads has bandied this about to the extreme. And one can understand why too. But as I understand it a cusip # change implies a share count audit (who has what and where) and that means that the illegal naked shorts has to cover. That's about the way I understand it as well. I'm also a EUTO shareholder, but, I can tell you that the short squeeze hasn't hardly been mentioned since the news of a 50 million share leak back in the float was announced late last year. Getting back to the question at hand, I understand that the during a CUSIP change, all shares have to be reissued with the "correct" number. In order to accomplish that, the "old" shares need to be sent to the TA for processing (reissued with "new" number) and then the shares are sent back to the owner. Now, for example, Mr. BlackStar bought shares through his broker who bought them from a MM who didn't have any shares, but, sold him shares anyway. (Shorted the stock) Being in "street name", no one is the wiser. MM figures he can buy the shares back later cheaper than Mr. BlackStar paid for them and cover himself and make a tidy profit. But, the TA comes knocking and tells the MM that Mr. BlackStar's shares have been issued a new CUSIP number (and or name change, etc.,) and that he needs to have the shares that the MM sold so that this transaction can be accomplished. MM has to come up with shares somewhere. Either the open market (price goes up if short alot of shares), or, go directly to the company and ask politely for some more shares. That is my understanding of the reason a CUSIP number will force shorts to cover. And like you BlackStar, that's how it was explained to me. And I, also, have no first-hand experience with this. EUTO would have been the first...:) Personally, I prefer to invest based on merit as opposed to counting on a squeeze. To unreliable IMHO.... Theo

To: BlackStar who wrote (2398)	3/1/1998 5:10:00 PM
From: BlackStar	Read Replies (1) \| Respond to of 18444

Looking over my latest posts today I was appalled to see the high spam content. So to atone for my sins I had to choose between shaving myself bald with a cheese grate while listening to Spice Girls at full volume or post a full cross referenced commentary of Mattys and Davids travel reports. I chose the latter... The Office [David] This office is certainly nothing to brag about, certainly not an office that was constructed to impress clients but adaquate non the less. For starters I think we can all agree that the company exists. As to the state of the office I think I'll agree with Peter Lynch: "Rich earnings and a cheap headquarters is a great combination". Nice, tidy and functional is just fine. Now, about those earnings... The Conception [David] Thom is an entprenuer who has started (according to him) two other companies prior to echo media. Does anyone have any info about these companies? They would establish track record. [David] Should mention as this time that there were 3 Brits only one of which Thom has to this day ever met. [David] This BB shell and the Brits add cause for concern. They are from as best I can tell Venture capitalist out for a quick buck then on to the next deal. [Matty] Mr. Burgess honestly was not aware of the 42 million outstanding. I am assuming these investors own the other locked up ones... along with softbank holdings. Some handle on these VCs/Brits would be interesting. Anyone? It will be interesting to get the stock background when the financials comes out. Possible the VCs are trying to get as large a piece as possible of the company equity before it hits big. That would be in their best interest. [Matty] Aside from the valuation of the company, Mr. Burgess pointed out that it was an easy way for this company to go public, and in a cheap way. [...] He told us that DoubleClick tried to go public three times; they failed twice. The third time they finally did it. Interesting point. Could someone conversant with DCLK confirm this? It also highlights the fact that DCLK has been around much longer. I'd say that DCLK has about one year up on NETZ right now. It is hard to say exactly when NETZ will become optimal. With all this going on it may be sooner rather than later. It will be very interesting to see where they are, going into the autumn. [Matty] When he got the money, he went out and stole some people from Digital Equipment corporation. [...] But I do remember that these people were heading the video streaming project over at DEC. DECs streaming video project is partially run over here. I have some connections I could try. If I can get some names I will try to check them out. Softbank Interactive Marketing [Matty] 1)How much did they pay? [...] He then went on to tell us that the budget they have for acquisitions in '98 lost a big chunk of it after the acquistion of Softbank. [...] [David] Complicated aquistion. This leads me to believe lots of creative financing as pertaining to stock. [...] it was somwhere in the neighborhood of 4-8 million. Thom also eluded to the fact that this aquisition utilized a good chunk of the "20 million war aquistion war chest". I am guessing here: possibly 25 mil shares and 15 mil war money was used to close this deal. Anyone care to comment? Please keep in mind that any money sunk into SIM is still 'owned' to 65% by NETZ. And NETZ has control over how SIM uses those funds. David? [Matty] 3)Why did they finally choose Softbank Interactive Marketing? [...] One of the ways he was going to make it profitable was to cut salaries. He stated that there was absolutely no way that they were going to pay the salaries of these bigtime executives. So they dumped some dead weight. Guess Mrs Vanderslip didn't like the new figures on her pay check and left because of that. [Matty] 2)Were they looking for other companies? ANSWER: Yes. They had been in talks with other companies, including one i had never heard of called "Cats" and one I have called Cybereps. Just want this clarified: are these still targets for acquisition or did NETZ pass on them? Future [Matty] His role is being reduced to the Director of Business Development. He has taken a backseat in this company, but he assures us that he will remain with the company as he believes in the potential. He likes where he is now and he wants to stay there. I like that. The vision stays within the company. When the company has grown into its final shape, then maybe, it is time for the generic execs to step in. Finally, the shoe fits better now and I think this may work out. There are some dark clouds but it is in their best interest to stay away for a while. The action when the financials are released will tell just how much interest there really is in NETZ.