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

To: I Am John Galt who wrote (10608)	7/14/1998 10:48:00 AM
From: BlueFox	Read Replies (1) \| Respond to of 18444

2)This seems like a long time for the acquisition to complete. I'm sure there are major issues that need to be ironed out. The sale of Netvest's holdings to CIE may have changed the entire game. 3)I don't think this merger will take place on a stock transfer basis, but an asset transfer. Could you explain this more? I don't follow how that would work in a merger. ZULU, it has been said, will own 80% of the new entity... IMO, it has been said incorrectly - see my recent posts showing where the numbers came from. I know Zulu is a holding company ESVS is also basically a holding company at this point it would seem.

To: I Am John Galt who wrote (10608)	7/14/1998 11:25:00 AM
From: Terry T.	Read Replies (2) \| Respond to of 18444

Everyone else likes to speculate, so here goes. Something happened around 4/22, because the stock was flying, Lair was being promoted to Chairman, the financials were close to coming out, the public relations people said they expected some news "soon", etc., and then we hit the wall so to speak. Subsequently, Lair steps down, ZULU technical people are transferred from Zulumedia to ESVS (?), Mincheff comes on board, CIE buys out NetVest, etc. I don't think the delays are all due to Lair's situation. I suspect that he left when the deal was in limbo, and Hayton/NetVest were still on board. Hayton's connections may have hindered SEC approval, caused friction with Lair, etc., leading to Lair's departure and the CIE buy out of Netvest. This perhaps has led to more ongoing scrutiny of CIE and whether Hayton has separated himself far enough away from CIE (and perhaps there is some restructuring going on right now with what I suspect is a continuing interest in this internet gambit). Oh, what tangled webs we weave?! Just my speculation, of course.