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

To: Jeffrey_J who wrote (3009)3/9/1998 12:03:00 PM
From: slipnsip  Respond to of 18444
 
Convertible preferred are for all intents and purposes dilution. This would be a standard ploy of a scam. Not saying that this is, just highly suspect..

Convertible preferred are convertible to common at some future date at a price predetermined at the time of the issuing of the preferred. $50 million is so much, that at conversion it would represent controlling interest. In my opinion, no two ways about it...


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