Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: randmiser who wrote (3968)	3/17/1998 4:40:00 AM
From: BlackStar	Respond to of 18444

hay blackstar how would that work ?? what if they did merge ? would it make any difference witch one was the lead company? thanks I am not sure what you refer to (the 'that' in the first sentence) but I think it is clear from the 8-K that: - Zulu has reserved the right to float max 65 mil shares (basically 20 mil more than 'today') unless certain conditions occur (Sect 7.04) - ESVS is going to use convertibles...every time I have seen a statement worded like that the result has been Reg S... Imagine what $50 mil worth of convertible debentures will do to ESVS (or the merger result of ESVS/NETZ) float. Someone with an offshore account is likely to rake home a big wad of money buying those debentures. I know of at least one individual with the right 'credentials'. In short, it is in Zulu's interest to exploit any financial tool in their repertoir to gain a better position for the company. Thus I am expecting Zulu to float at least 65 mil. ESVS is hard up for cash so they will 'go fish' for money with, as it appears, serious dilutive effect to their stock.