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

To: Ken Martin who wrote (14005)	9/14/1998 2:07:00 PM
From: PartyTime	Respond to of 18444

Ken, I think your question is best suited for Bob Smith, the financial wizard, at Zulu. Contact the person listed below and ask her to put you in touch with Mr. Smith: Terry Earnheart terry_earnheart@zulumedia.com 3415 South Sepulveda Blvd Suite 500 Los Angeles, CA 90034 TEL 310-397-3003 FAX 310-397-3602 By the way, is there anybody out there who has a password and can access the zulumedia.net site?

To: Ken Martin who wrote (14005)	9/14/1998 9:40:00 PM
From: Terry T.	Read Replies (4) \| Respond to of 18444

Good questions, Ken. Call Bob Smith, he is chief financial officer and a very personable individual. He will call you back. My take: the purchase price is in 3 parts: (i) convertible preferred (to be worth 5.2mm common of ESVS), (ii) about $12mm for additional preferred for SIM faction, and (iii) about $6mm for assumption of debt. With today's values, the total package is worth about $25mm, not $30mm. The .58 per share in the press release is TOTALLY BOGUS!!!!!!!!!!!! I am VERY disappointed that P.T. refers to it - he is confused or mistaken (I hope). An equivalent value for coming up with .58 per common would be to say the assets are worth about $30mm for everyone named Pattison Hayton associated with Zulu-Tek. Now, what does that tell you? Nothing. The Zulu common do not get all of the $30mm or $25mm being paid, so why take the 52 million shares, divide by the total asset purchase price, and come up with .58 per common. TOTALLY BOGUS!!!!!!! The $25mm/$30mm question: how and when is the ESVS convertible preferred to get into the hands of the Zulu common stockholders. Is this a partial distribution of assets to the common stockholders? Or, a dividend when the company has no income to distribute? A huge mystery, which maybe Bob Smith can help us with.