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

To: BlackStar who wrote (2485)	3/2/1998 12:44:00 PM
From: slipnsip	Read Replies (1) \| Respond to of 18444

"One last thought, this stock should not trade for less than what its cash is (providing no debt) aka "book value". If it were to trade for less than its "book value", then the original venture capitalist would buy all the shares back on the open market, and take it private. Then they would own 100% of the company and have the extra cash to boot. Knowing the business, do you regard it as a possibility that this could happen? Ie the VCs bringing down the NETZ price in some obscure way to take it off the public market? Does VCs operate like that or do they prefer to stay public? Please feel free to speculate." The answer is no. That would not be a common thing. It would appear that the money is already spent so this really is no longer an issue. They would have had to give a large chunk of cash to Softbank. Softbank probably would have preferred all cash but accepted a 35% equity deal since no one else was interested per the wired article. JUST ME GUESSING