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


To: Jeffrey_J who wrote (3293)3/10/1998 12:48:00 PM
From: tahoeman  Respond to of 18444
 
$50 Million is a BIG number - Cause for BIG Excitement & Questions...

I'm trying to get more clarity from Zulu-tek...At this point, many of us did confirm through various avenues that $50 Million was the number, and that the monies, once obtained would be divided among the Zulu and ESVS companies.....details have not all been hammered out yet, so a press release will be forthcoming, once details are ready to be disclosed.

The interesting point here is that monies will be distributed among ESVS and ZULU companies as decided by combined management, Steve Lair, new CEO for ESVS looks like will be providing direction at ZULU, ESVS has NASDAQ listing, ESVS could lose NASDAQ listing unless they meet compliance requirements, ZULU wants NASDAQ or AMEX listing.

I was told to wait for details in a PR, the company wants to handle this information appropriately.