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

To: BlackStar who wrote (3046)	3/9/1998 1:07:00 PM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 18444

No where is it said that 50M is going into NETZ - Its into ESVS Jens

To: BlackStar who wrote (3046)	3/9/1998 3:25:00 PM
From: slipnsip	Read Replies (1) \| Respond to of 18444

"Um, they have already placed a significant investment in NETZ as per the NETZ release... Then they a going to sink $50 mil worth of debentures into NETZ in mid March. I read it as two things: one already done and the other soon to be made." First of all, we have no idea if they are going to sink 50MM into NETZ. They plan to try to raise 50 million by issuing convertible preferreds. They have not issued them yet, thus they could not have used funds generated by the offering to make their "investment" into NETZ. How much cash and credit lines did ESVS have on hand to "invest" in NETZ?? By reading recent financials of ESVS, they are bleeding red ink themselves... Less than a million cash on hand.