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: Brady B. who wrote (13220)9/1/1998 7:36:00 PM
From: PartyTime  Read Replies (2) | Respond to of 18444
 
What that says, Brady, is that it doesn't matter what the SIMers' think. The stock that they own consists of a percentage of ZuluMedia, not Zulu-tek. Thus, if Zulu-tek wants to sell all of itself, including its ownership in ZuluMedia, to ESVS, there's little that the SIMers can do. In effect, they'll ultimately end up in partnership with ESVS, like it or lump it.

In other words, theoretically, if Zulu-tek owns four things and wants to sell its four things to ESVS, and the SIMers are only a small percentage owner of one of the four things Zulu-tek wants to sell, their argument will not hold water. That small degree of interest, in the overall larger picture, is not enough to block the larger sale interests of the four things.

That's not a problem. Now, you want to talk about attitude? Yes, they've got an attitude, and it seems apparent that hatred is in their eyes. It looks as though they'll resort to any tool available to do in the interests of Zulu-tek. Remember, they're still suing Softbank Holding and Ziff-Davis, trying to regain control. So, from their vantage point, the further what they want gets away from them, the less likely they are to get it back.

The situation reminds me of the 62-year-old woman who recently was a lottery ticket winner here in Boston. She wins something like 60 million, whatever the figure, I forget. The store owner who sold her the ticket put in a competing claim, stating that he was the rightful owner of the ticket.

She called in a whole bunch of numbers over the phone. When she came in the next day to pick them up, he gave her not 50 tickets, but 49. He kept the winning ticket for himself. Later on, he showed up at the Lottery Commission, producing the winning ticket. Because she played the number every day--a birthday number, or something--and she was able to prove that she did, the Lottery Commission named her the winner.

But the store owner's lawyers said they'd take the matter to court. Well, Terry and others know how long it takes for civil litigation to wind its way through the courts (interestingly, and sadly, many big money cases have to wait for court space, since we've got to put so many pot smokers into the court system, you know, stuff like that).

So the poor woman--she's elderly and was facing a long wait in the court system just to get her money. She ended up settling out of court, giving the creep a million bucks.

Conclusion: SIMers want a settlement--they don't really want to go to court. And if Zulu goes big-time, I think the SIMer's think that they just might get what they want.

Unfortunately, Brady, those SIMers are forgetting about you and me and our friends here who are innocently invested into Zulu. It's the greed game, Brady. It's the greed game. Yes, it's the greed game. Teach your children well! Make sure they never get into that mind-think. It's a quite harmful way to be.