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


To: PartyTime who wrote (15499)11/10/1998 8:26:00 AM
From: Brady B.  Read Replies (2) | Respond to of 18444
 
Old PR. Needs clarification..............

LOS ANGELES--(BUSINESS WIRE)--Sept. 11, 1998-- Enhanced Services Company, Inc. (Nasdaq Small Cap: ESVS - news)
today announced that it has completed the acquisition of the assets of Zulu-tek, Inc., in a transaction valued at approximately $30
million in convertible and redeemable preferred shares of ESVS. The convertible preferred shares of Enhanced Services issued to
Zulu-tek
will be converted to common shares and distributed to Zulu's shareholders promptly after ESVS stockholders' meeting
and regulatory approval and registration. After the conversion of the preferred shares, ESVS will have approximately 15,500,000
common shares outstanding.

End PR

If I am reading this correctly, we're waiting on regulatory approval and registration and not really the shareholders meeting. The shareholders meeting will probably be to update shareholders on the acquisition and convert the preferred shares.

According to the PR, the deal IS DONE (has been done). The only thing that would delay it would be regulatory approval.

bb



To: PartyTime who wrote (15499)11/10/1998 8:31:00 AM
From: aleta  Read Replies (1) | Respond to of 18444
 
These are Daytrade Selections that have been chosen based on consistent profitable returns.We are not saying to invest in these companies unknowingly, but we are saying that these stocks can
give you a good return on your money if you play them correctly. Use some DD (Due Diligence) and do what you would like with them:


Gee, I believe I've been saying something like that for awhile now. It is a good daytrade AND YOU CAN MAKE MONEY IF PLAYED CORRECTLY. It's just not safe enough for a long term hold right now. Some of you guys should have been listening all along.



To: PartyTime who wrote (15499)11/10/1998 12:47:00 PM
From: Fredman  Read Replies (1) | Respond to of 18444
 
Problem with this is, PT, at one time it was a 'Dollar' stock...<eom>