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: Jon Tara who wrote (15996)11/18/1998 10:59:00 AM
From: BlueFox  Respond to of 18444
 
what if a split occurs and the deal is STILL 10:1 (not 10:2)?

Sure Jon, make me go back and read the the thing again!

The filing makes a provision for splits, dividends, etc.. The 520K preferred shares ESVS issued to ZULU are convertible to 5.2MM common shares upon shareholder approval, subject to adjustment for splits:

from 2.07 (d)
The 1998(B) Preferred Stock consisting of 520,000 shares to be
issued to ZULU-tek in connection with the transactions contemplated
hereby and which shares shall be convertible into 5,200,000 shares
of ENHANCED Common Stock, subject to adjustment in the event of any
stock splits, stock dividend, reclassifications or other capital
transactions, as applicable, after receipt of stockholder approval
at the ENHANCED Annual Meeting of Stockholders and there is an
effective SEC registration statement allowing for the distribution
of the Common Stock to the stockholders of ZULU-tek;