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


To: Brady B. who wrote (14101)9/16/1998 7:44:00 AM
From: wlcnyc  Respond to of 18444
 
Brady!

Good Morning,

Shhhhh....

With questions like that you will wake PT up!

Bill



To: Brady B. who wrote (14101)9/16/1998 8:59:00 AM
From: aleta  Read Replies (1) | Respond to of 18444
 
If I may I'll answer all of your questions at once. I don't think the answers will satisfy anyone, but it's the best I can do with limited information.

1. What gives??????

Good catch on that one Brady. I hadn't even noticed. I just accepted the 15.5M in the PR. That might be a very good question to ask Mr. Smith.

2. What happened with the calls made to ZULU pertaining to P.H.'s meeting with PT?

I haven't received any return calls from either PR, Mr. Smith, or PH. I'll try again today.

3. Will Zuluians still get a 10/1 conversion for their shares?
Will Zuluians get a 10 fold increase in the conversion?


The PR states 10/1. I don't think either stock will go as low as you state and if so I think that the trading ratio will remain the same. I don't believe ESVS will be allowed to go more then 10/1. If something like that would happen, I imagine that you'd hear a very load noise coming from the area of ESVS shareholders. First ZULU shareholders threaten to sue, followed by ESVS shareholders. LOL!!!



To: Brady B. who wrote (14101)9/16/1998 9:40:00 AM
From: Terry T.  Read Replies (1) | Respond to of 18444
 
Brady, perhaps ESVS stock total relates to Netvest deal, where it got 1million ESVS preferred in March 1998, which are convertible into about 2.9 million ESVS common. Perhaps Netvest also got benefit of stock split/dividend and now gets 5.8 million.

With asset purchase, the ordinary, everyday run of mill Zulu common shareholders apparently don't get benefit of stock split/dividend. What else is new?. More grist for the mill, I guess?



To: Brady B. who wrote (14101)9/16/1998 9:47:00 AM
From: Jon Tara  Respond to of 18444
 
Brady, I think the answer to your question will be found in whether or not the preferred shares are voting. If they are voting, the ratio should stay locked at 10:1 no matter what.

If they are not voting - well, if the scenario you outlined did occur, and I were an ESVS shareholder, I sure wouldn't vote to approve the merger, hehe. :)