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


To: I Am John Galt who wrote (4528)3/22/1998 8:09:00 PM
From: FTJoe  Read Replies (3) | Respond to of 18444
 
Did Meatchum really leave? Talk about a red flag. How many people said they were staying in because Meatchum lent credibility?



To: I Am John Galt who wrote (4528)3/22/1998 8:52:00 PM
From: randmiser  Read Replies (1) | Respond to of 18444
 
Matty you posted me about your neutrality.Could be wrong but this ranting is far from neutral.



To: I Am John Galt who wrote (4528)3/23/1998 12:23:00 AM
From: s martin  Read Replies (1) | Respond to of 18444
 
"Scambusters"

| Previous | ------ | Respond |

To: +kenneth shopsin (52 )
From: +kgreen Monday, Mar 23 1998 12:01AM EST
Reply # of 53

OK. I have a few offers.

NETZ. This one got hyped in one heck of a pump-n-dump. I decided to perform DD after making some quick profits to see if I wanted to hold it long. Like an onion.. lots of layers and unpeeling them made me want to cry. About four name changes in even fewer years. Despicable management. The one decent company NETZ picked up lost all of its key management within weeks. The irony: NETZ still has a nice following.. fans who completedly ignore all of the warning signs (shells with frequent name changes, management with questionable history, loss of good management, no earnings). My attitude: why put your money into this company now? If it is a good company, it will prove itself and then you can invest.

Some thoughts:
If a company has gone through more than one name change, there must be a reason. Most companies want name recognition. Frequent changes imply a company has something it wants to get away from.

If a company promises to post financial information, give it two shots at making the date(s) it sets. If it misses both times, pass on it until it proves itself.

If a corporation tells you it has a deal/contract with another company, get the company's number.. then call up and ask if the information is true. Confirm all info. Period.

If you are questioning a manager or IR person with a company, ask permission to record the call. If it is denied, pass on the company.

Turnarounds are great, but you don't have to get it on the ground floor.

Kath



To: I Am John Galt who wrote (4528)3/23/1998 8:15:00 AM
From: KZAP  Read Replies (1) | Respond to of 18444
 
Matty,

You must keep good records. It is too easy to forget so much
that has happened with NETZ. Your post is quite accurate. I
remember having to defend my statements and found out I was
incorrect. However not due to my fault. Being told of something
that does not happen gives you a bad feeling.

I too am lurking mostly, and watching to see if NETZ can come
up with some 'meat' we can sink out teeth into. Possibilities
are not going to get it.

KZAP