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

To: Terry T. who wrote (7503)	5/26/1998 4:02:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 18444

It's retroactive. So no one was able to play in on it. Whatever the price was on 5/22, as I see it, is the value of the dividend. At some point there's got to be a middle when the two companies come together. I'd think there'd be a lot of selling of ESVS now, if but for any other reason pure profit taking. Maybe this is designed in such a manner--since Zulu owns more of ESVS than ESVS owns of Zulu-- that, ultimately, ESVS will come down and Zulu will go up in order to make for a beneficial conversion to Zulu shareholders when the merger becomes effective. After all, it is the role of the publicly-trading company to function to the advantage of the shareholder. Nonetheless, an interesting day at the racetrack. We don't know whose riding on what horse since both horses are wearing the same number. On thing I do know. We need a seasoned pro in this for analysis. And that seasoned pro is someone other than Jon Tara, who at best has proven a distractionist.

To: Terry T. who wrote (7503)	5/26/1998 9:53:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 18444

Lordy, I have never seen so much ignorance in one place, as I have seen over this ESVS stock split. This is NOT a flame, but a plea to get a basic education in investing! Please, educate yourself on the basics stock splits. No, the $5 price is NOT post-dividend. Nobody knew about the dividend until after the close today. Tomorrow's price will be around $2.50. The "effective date" is not terribly meaningful. There has to be SOME date. They had to pre-date it since the split will be effective immediately. Anyone who owned ESVS on 5/22 will get the dividend. Anyone who bought ESVS since the 22'nd will have the additional stock delivered to them by the seller. (The seller doesn't get to keep the dividend.) This will all happen transparently, so that the way it APPEARS to work is that anybody who was holding 100 shares of ESVS at the close today, will hold 200 shares in the morning. And they will be worth about $2.50.