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

To: Jeffrey_J who wrote (2974)	3/9/1998 9:19:00 AM
From: KZAP	Respond to of 18444

ROFLMAO!!! Yeah, right. Good try, let's see the puttin'! Really. I'd like them to be on the right track. Surprise me. KZAP

To: Jeffrey_J who wrote (2974)	3/9/1998 9:52:00 AM
From: PartyTime	Read Replies (1) \| Respond to of 18444

Wired talks, Stock Detective talks--but money is the best voice here! This is one hell of a private placement. I've seen a stock rise two points on the announcement of a 7 million dollar private placement. But 50 million!?! That's astounding! Now we need to learn more about this company providing the money. Anyone capable of doing a little comfort research there? Help us out Irish King and Other Chap: Find out, for us, who Enhanced Services is? It'd be nice to see you guys come down on the positive side, for a change. Forgive my excitement, please.

To: Jeffrey_J who wrote (2974)	3/9/1998 11:13:00 AM
From: tonto	Read Replies (3) \| Respond to of 18444

Have done a cursory look at the $50,000,000 news: From January 1996 annual report filing of ESVS: LIQUIDITY AND CAPITAL RESOURCES At November 30, 1996, the Company had stockholders' equity totaling $1,722,857 as compared to $2,524,708 at November 30, 1995, a decrease of $801,851. This decrease resulted from a net loss of $1,070,064, the issuance of 1,940 shares of stock valued at $1,213, the exercise of 89,000(post-split) warrants for a cash consideration of $143,100 and a discount on warrants granted of $123,900 during the twelve month period ended November 30, 1996. The Company's working capital was $189,310 at November 30, 1996 as compared to $679,252 at November 30, 1995, a decrease of $489,942. This decrease was primarily the result of the net loss for the period and the utilization of the Company's working capital loan. The Company executed a working capital loan agreement in the amount of $500,000 on January 19, 1996 (amended as of June 1, 1996). The loan is due May 31, 1997 with interest paid monthly at 2% above the prime rate and is secured by accounts receivable and inventory. The Company borrowed $500,000 as of November 30, 1996. Any clarifications received as to how this deal is structured?