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

To: Brady B. who wrote (7446)	5/25/1998 11:57:00 PM
From: Sriram Bala	Read Replies (2) \| Respond to of 18444

PT your question answered by Don, Posted here for all the good folks no names. Iam thinking of bailing out> Re: ZULU (Formerly NETZ) and ESVS Merger Don Steinmann donaldafm@aol.com On Sun May 24 8:35am, PartyTime wrote: -------------------------------------- >Hi Donald, >You answered some questions a few months ago and I found your response most helpful. Here's another one for you. >Zulu-tek is an OTC BB stock (47,000,000 @ .50 = $23,500,000--market cap) and ESVS is a Nasdaq stock (1,131,474 @ $6.00 = $6,788,844--market cap). . . . Do you remember when you were a kid and it would make you so made when someone would tell you something and then say "ha ha, had my fingers crossed". As adults we have to give up that kind of foolishness. Except of course in press releases. The $50 million placement you mentioned is what they hope to do, not at all a done deal (ha ha had our fingers crossed). ESVS has declining sales and revenues. Since Zulu-tek doesn't file audited financials, we have no clue as to what they actual earnings are, but I doubt it's anywhere near what they claim. I'll bet that $39 million has all sorts of caveats built into it, maybe it's projections based on long term contracts (ha ha, had our fingers crossed). The company may indeed be able to make some serious bucks, but right now you are flying somewhat blind. You have no idea how much cash they have, what their revenues are, profits are, etc. But at .50 cents a share, you knew it was a really, really speculative investment. I'd call investor relations at Zulu-tek and ask for answers to these questions: What is their current cash position. What is their current debt. What are accounts receivables that are due in 30 days and what were receivables like the last few months? What is the pay of the top couple of officers? What assets do they own other than cash and what is it worth? This will at least give you some idea of where they stand. If it's such a great business, receivables should be exploding. They also should have some cash on hand and salaries for execs shouldn't be off the planet. Also make sure they don't have current debt due that can bankrupt the company. Without financials it's almost impossible to figure out what's up. You have to just go on the say so of people who cross their fingers. Take care. Don.