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


To: randmiser who wrote (2520)3/2/1998 9:17:00 AM
From: OtherChap  Read Replies (1) | Respond to of 18444
 
>I'll see you on the long end.

I doubt it. Read this quote from today's wired news
expose:

*snip*

Although it's difficult to tell how deeply Hayton is involved with the company's day-to-day operations, Zulu-Tek's current string of statements about its market position rings a familiar note with David Wallace. He's a Florida lawyer who is trying to collect a $773,000 judgment in a District of Colorado bankruptcy court against Hayton related to the bankruptcy of a company Hayton was involved with in 1994.

Wallace represents the former CEO of Apogee Robotics, a Colorado company that went bankrupt after the stock price leaped then plummeted with Hayton at the wheel as chairman. The attorney describes what Hayton allegedly did for Apogee: "Paint the thing like it's too good to be true, and then when the stock goes up, dump the stock into the market. It's the perfect deal."