SI
SI
discoversearch

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: Jon Tara who wrote (7573)5/27/1998 10:13:00 AM
From: PartyTime  Read Replies (1) | Respond to of 18444
 
Call again, Jon. Since I've been following this company (way back early fall), no one has ever had a problem reaching them.

Now, are you certain you're using the right term when you said "stinks?" Would not "unusual," or something "different" be a better term to use? Or better yet, how about: "There is something happening that I don't understand..."



To: Jon Tara who wrote (7573)5/27/1998 10:19:00 AM
From: aleta  Respond to of 18444
 
Try the 888# again. The first time I tried I got the same recording. I tried once more, just in case I hit the # wrong, and got through to Mary.



To: Jon Tara who wrote (7573)5/27/1998 10:19:00 AM
From: PartyTime  Read Replies (1) | Respond to of 18444
 
What I find remarkable thusfar today is the volume. Check it out!
Are ESVS holders now buying Zulu?

Last Change (%) Bid (size) Ask (size) Volume
0.44 -0.02 (4.35) 0.43 (50) 0.445 (50) 226,500



To: Jon Tara who wrote (7573)5/27/1998 10:21:00 AM
From: Terry T.  Read Replies (1) | Respond to of 18444
 
Let me get this right, Jon. If you don't understand the stock pricing (which was the point of my earlier messages), it is because something "stinks" or somebody is a "moron". Gee, whiz, come to think of it, those two options apply to you as well.



To: Jon Tara who wrote (7573)5/27/1998 10:29:00 AM
From: BlueFox  Read Replies (3) | Respond to of 18444
 
Something stinks with this split. The price of ESVS did not drop in half this morning.

They didn't call it a split, they called it a dividend (notice too the wording - a one-for-one stock dividend - not the usual 2-for-1 split wording). That would appear to mean that they're giving each shareholder one stock for each they hold from the company's holdings?

My concern is why the dividend? Dividends are usually announced after a profit, and normally aren't distributed when the company could be using the money for expansion. Distributing stock on the other hand could be viewed as a "free" way of giving something to shareholders. Time will tell if people feel the company is worth $5+ a share with twice as many shares on the market, half of which no one paid for. At this point based on this morning's slight fall, the gamble may pay off as they've doubled the number AND the value of the shares outstanding.

The cynic in me wonders if they're trying to pull a fast one and with a quick way to double the company's value on the market. The optimist says this will be good in the long run if ESVS holds its value.

"It is the company's desire to broaden its stockholder base and elicit more coverage in the investment community prior to the proposed business combination with Zulu-Tek Inc. (ZULU - news)," said Robert Smith, chief financial officer, in a statement. Anyone for speculation on what this really means?

BF



To: Jon Tara who wrote (7573)5/27/1998 3:06:00 PM
From: randmiser  Respond to of 18444
 
Jon i have not gone past this post so someone might have answered this .This was a stock dividend not a split .There will be no share price reduction .As far as the float goes it is now double the amount they had this is a fact.