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


To: kemosabe who wrote (15943)11/16/1998 9:05:00 PM
From: PartyTime  Respond to of 18444
 
Rise to the occassion, Kemosabe. For it is you who is so destined.

That's it for me--I'm really outta here this time.

Be back in the wee hours!



To: kemosabe who wrote (15943)11/16/1998 9:26:00 PM
From: Brady B.  Respond to of 18444
 
On the conversion ratio..............

Also, as previously described, the 1998(B) Preferred Stock is convertible into 5.2 million shares of the Company's Common Stock, but only after such conversion is approved the stockholders of the company, at an Annual Meeting. If the transaction is approved, Zulu-tek will be liquidated and the 5.2 million shares of the Company's Common Stock will be distributed to the Zulu-tek shareholders on the basis of one share of the Company's Common Stock for every ten shares of Zulu-tek common stock held by the shareholders.

Pretty plain words there don't you think.

This may result in some vola-vol-volatil-price fluctuations over the next few days.

Comments?

bb



To: kemosabe who wrote (15943)11/16/1998 9:29:00 PM
From: Brady B.  Read Replies (1) | Respond to of 18444
 
This kind of substantiates our feelings that the Shareholders Meeting is merely a formality...........

The Reorganization was approved by the Board of Directors of Enhanced and by the Board of Directors and by written consent of a majority of the stockholders of Zulu-tek.

As we know, ESVS shares are distributed much the same way as ZULU shares are.

bb