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: kentoo who wrote (5466)	4/7/1998 9:24:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 18444

A shareholder vote is customary for mergers. Frequently, the stock of the little fish, that gets taken over by the big fish, goes up; and the stock of the big fish goes down. Not always though. The NETZ/ESVS affair, however, seems different and is something with which I'm not familiar. I beg the indulgence of a seasoned expert to comment here. How does the 80/20% ownership exchange of the two companies affect a future formal and official merger? Can anyone hypothesize (which, Aleta, I remind you is not a bad thing to do) on some situations that may or may not happen with respect to an ESVS/Zulu merger? I think, at a minimum, we have a lot to learn ahead of us.

To: kentoo who wrote (5466)	4/7/1998 10:24:00 PM
From: Jon Tara	Respond to of 18444

"If ESVS announces a "merger", do share holders of both ESVS and NETZ have to vote and approve it ?" Normally, the shareholders of an acquired company have to approve the merger. However, it is not at all uncommon for shareholders in penny-stock companies to have basically no rights, or else to be out-voted by a single shareholder which would make any vote moot. I don't know what the situation is with the company, and, as a non-reporting company, don't know how the hell anybody can find out. I'd certainly want to check this out carefully, though.