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

To: BlackStar who wrote (3014)3/9/1998 12:06:00 PM
From: slipnsip  Read Replies (2) | Respond to of 18444
 
"A $50 million private placement of convertible preferred shares will begin in mid-March to provide the financial strength to position the group as the premier Internet Solutions Provider."

"ESVS will apparently use $50 mil worth of convertible preferred shares. "

It is the other way around, NETZ is issuing the preferred to ESVS for some amount of money. PRINTING SHARES in exchange for cash.


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