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


To: Stums who wrote (3949)3/16/1998 5:28:00 PM
From: Jeffrey_J  Respond to of 18444
 
ANYONE...Where does the 12 MM shares come from [float or treasury?], what would be an appropriate restriction on the 12 MM? 1-3 yrs?

WHEREAS, ENHANCED desires to exchange 220,000 of its shares of Common
Stock $.001 par value ("Enhanced Common Stock") and 1,000,000 of its newly authorized 1998 Preferred Stock $3,00 stated value per share ("1998 Preferred Stock" and collectively with the Enhanced Common Stock, the "Enhanced Stock") for 12,000,000 shares of Common Stock $.001 par value, of ZULU-tek ( "ZULU-tek Common Stock") ;

and 1,000,000 shares of the Series D Preferred Stock $.01 par value of ZULU-tek, being issued in connection with this transaction ("ZULU-tek
Preferred" and collectively with the ZULU-tek Common Stock,