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


To: I Am John Galt who wrote (2726)3/3/1998 11:33:00 PM
From: OtherChap  Respond to of 18444
 
>I have never been angrier at myself in my entire life,

there there, matty. it happens to the best of us. but
only once, hopefully, because we learn our lesson. I held MediaVision shares right until the day they went belly up because I thought all the rumors about their CEO spending company funds to fly
his numerous girlfriends to Paris just couldn't be true.

turns out that was the _least_ of their problems. A few
weeks ago I got a letter in the mail from people representing
a class action lawsuit that was 4 years old- apparently they
are just now settling the case, and of the 70 grand or so
that I lost, I can recover about 500 bucks if I fill out
all the paperwork and go dig up all my confirmation slips. Not
worth my time.



To: I Am John Galt who wrote (2726)3/3/1998 11:43:00 PM
From: slipnsip  Respond to of 18444
 
For that reason, I list my demands to Zulu-tek:

1)the immediate resignation of Neil Miller and the complete removal of Hayton from any sort of decision making policies.

They own the darn thing. Unless they have already dumped their shares.

2)the immediate release of the financials

Not going to happen

3)The removal of the IR firm as acting firm.

No real thoughts there...

4)A clarification of the new Wired story. And as far as I'm concerned, if this new story is true, there's problems when it comes to the actual report given out today. There's a difference between not telling investors anything, and flat out lying to them.

I think they are utilizing Clintons legal philosophies.



To: I Am John Galt who wrote (2726)3/4/1998
From: LTK007  Respond to of 18444
 
Matty I just hope for your sake that you sold enough on the last run up to have at least recovered your original investment--I remember your saying way,way back when this all was starting that you were in pretty deep.Good Luck,Max90



To: I Am John Galt who wrote (2726)3/4/1998 4:02:00 AM
From: Joe Copia  Respond to of 18444
 
DITTO.. These guys reminded me of simpletons @ IR. Very transparent yet very slick.. This story has not run its course ..

WITHOUT the WIRED.COM articles .. what has changed ? Seriously.... what has changed except those playing with "scared" $$$. let's see what happens in the a.m.

We shall see in the am. watch .. everyday OC predicted a down day we all knew it was gonna happen. heck .. I sold Monday and may have caused the early selling. My post @ 4:52 am est on the NETZ vs. DCLK thread caused me much grief and $$$. As you all know I could've sold ( or at least placed a sell order) while most folks were sleeping. "whatever"

regards. stay strong. we shall see ....

Joe PTG&LI !!!



To: I Am John Galt who wrote (2726)3/4/1998 9:24:00 AM
From: Rande Is  Read Replies (2) | Respond to of 18444
 
1)the immediate resignation of Neil Miller and the complete removal of Hayton from any sort of decision making policies.

2)the immediate release of the financials

3)The removal of the IR firm as acting firm

Hear, Hear, Matty Gregg. Spoken like the true leader that you are.
These demands are not only fair for stockholders, but critical to the very existence of NETZ. Now how do we put some teeth into these demands? FWIW: Here are some free asscociated thoughts on what might be done:

>Make a formal demand to ZULU-Tek on behalf of a large portion of shareholders [be sure lawyer gives once over].

>Make it clear that ZULU has X number of days to meet these demands or certain "class" action will be taken and/or formal SEC complaints by all disgusted shareholders.

>Talk with SEC about where they are in investigating this and what can still be done, if anything to salvage the makings of a great company with, perhaps Burgess or new blood at the helm. [Meatchum came with Heyton and Miller].

>Open communication with someone from Softbank Holdings that has a bigger stake in this than anyone in the future of ZULU.

>Does Softbank Holdings, Japan even know this is going on? Without it hitting Dow Jones News, would they even have reason to read WIRED or monitor SI?

>Don't wait until it is too late and SEC steps in for a halt. Take action. While shareholders are part owners of NETZ they have some clout. After a halt, only SEC matters.

>Talk with district attorneys in the state of Utah, Rhode Island and California, regarding immediate freezing of any and all funds and transactions of the executives of ZULU pending a formal investigation. This would be the first order of business in my opinion. As I understand it, any good lawyer can have this done. They will not be able to spend one dime until resolved.

> Don't wait for stock price to dwindle [ryhmes with swindle] down to nothing before acting. This is where others fail. Nothing from nothing leaves nothing.

>Act swiftly and decisively to maintain offensive advantage.

>There are certainly more than enough issues raised to warrant these courses of action by stockholders. I am sure that the DA, SEC and state securities boards will be more than happy to cooperate.

Personally, I am sick and disgusted over the news. But ousting the offenders may leave "us" with the gem we all knew we had. It will certainly be a longer slower road, but the rewards may be more than worth the trouble.

Best wishes to all.

Rande Is

~~NOTE: I no longer am a shareholder in NETZ and am not recommending anyone to buy or sell any stock.