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

To: Terry T. who wrote (16041)	11/19/1998 12:23:00 AM
From: BlueFox	Respond to of 18444

Here's a quick tally of shares (from the 8-K). Hopefully it puts to bed the issue of a split. 20MM total authorized shares, of which 15MM are common shares, 5MM are preferred. As of 09/10/98, outstanding common shares: 3,245,118 common shares reserved for outstanding options/warrants: 1,161,250 shares issued to ZULU stockholders (assuming shareholder approval) - ESVS already holds 23% of the ZULU shares: 4,000,000 shares issued to NetVest (assuming shareholder approval): 5,543,600 ---------- Total 13,949,968 If they were to issue a split now, there wouldn't be enough common shares left to fulfill the obligations to Netvest and ZULU shareholders. There is also plans for a 5MM increase in the authorized shares to be issued after conversion of a planned Investor Preferred series of shares.