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

To: FlatTaxMan who wrote (9027)	6/17/1998 1:37:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 18444

The most basic components of due dilligence are the income statement and balance sheet. We don't have them. Without these, everything else is next to meaningless. IF you had these, your next job is to try to independently verify them. Then you can look into the backgrounds of officers, the product's market, etc. etc. etc. Somewhere way down the list is worrying about whether they place ads on web sites that can deliver 1 million or 5 million impressions/month. But we do not know the financial condition of the company. Due dilligence, in this case, ends with the lack of financial statements. Anybody who relied on the advice of a financial consultant in buying this stock will have an open and shut case against their financial advisor. Q. "Did you examine current and historical financial statements of the company?" A. No. They were not available. Q. And you advised your client to buy stock in the company, even though you could not examine the company's financial statements, and had no way of knowing their financial condition. A. Yes. Q. Thank you, no further questions. I rest my case. Judgement: for the prosecution.