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

To: Jeffrey_J who wrote (3091)	3/9/1998 3:36:00 PM
From: M Allen	Respond to of 18444

re: "There is NO DILLUTION!!!!! Great field work." Of course there is dilution. Earnings per share is normally reported on a fully diluted basis. So, whatever number of shares the Preferred can be converted into, two years from now, will be a factor used in determining earnings per share. Also, if someone wanted to acquire NETZ they would also look at the number of shares fully diluted as well. I am not saying the deal is good or bad, I am just saying that there is dilution. Best to you.

To: Jeffrey_J who wrote (3091)	3/9/1998 4:01:00 PM
From: tahoeman	Read Replies (1) \| Respond to of 18444

Jeffrey, Tom had said that details of how much of the investment would filter into Zulu-tek was still being hammered out and would be announced when done. What Tom did say was that after two years, the holder of the Convertible Preferred Shares could, they don't have to, exchange the Preferred Shares for Common Shares. In two years time what will the Common Shares be worth? No Dillution now....Strong financial backing, management, and technology now..... Don't forget that ESVS is a NASDAQ listed company.....how close will the companies work together is the question I have.