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

To: BlueFox who wrote (16862)	12/9/1998 8:18:00 AM
From: Brady B.	Read Replies (3) \| Respond to of 18444

I can't find the Mecklermedia site listing ZULU as Best in Class. Could someone point me to it with a link, PLEASE? bb

To: BlueFox who wrote (16862)	12/11/1998 4:18:00 PM
From: PartyTime	Read Replies (1) \| Respond to of 18444

>>>PT: Say, "they trimmed the fat,"<<< >>>BF: Trimmed the fat? Trimming the fat would be getting rid of some of the redundant salaries. Trimming the fat is not driving good people out the door, lose the customers, and 8 months and are all but shutdown.<<< How do you know that they didn't get rid of redundant salaries? Seems to me there was considerable cost-cutting. I guess ending NB Digital's losses was simply bad business. Huh? >>>PT: Why do you think Softbank Holding sold it, particularly with the SIM drain<<< >>>BF: Because it was a money losing operation. And that's why they sold it for stock - they were selling potential - potential which they would cash in on if ZULU could have made a go of it.<<< Marveling, ain't it? >>>PT: Ask the ex-SIMers how much debt they passed on.<<< >>>BF: Party, if SIM carried debts when ZULU bought it, they bought the debt - you can't blame the ex-SIMers for it. Are you sure there were debts that came in the deal? Where can that information be found? We know it was a money losing operation, but it was Softbank who was footing the bill at the time.<<< All right. Let's not blame the ex-SIMers for it. So Zulu did the right thing by firing most of 'em. Some stayed on, by the way, and continue to work with the company. So was there a prudency involved on Zulu's part? I'd say so. You might also wish to reread the ZuluMedia audit which was SEC filed. Furthermore, Pat Hayton point-blank told me, over the Boston coffee, that they inherited a lot of debt from SIM, and that it was precisely this problem that caused the delays in the ZuluMedia audit. He described it as "a mess." I realize it's hearsay, but do you not want to believe him? >>>PT: Some got paid and some has been deferred.<<< >>>BF: If you want to defer debt, you arrange financing to defer it with. Or you arrange with your debtor for new terms. You don't walk away from deals and fail to pay. You don't walk away from suppliers and fail to pay.<<< I agree with this. But do you know the full scope of all that has happened and how those negotiations existed, whether there was good faith on both ends? I don't know these particulars. So how could you know them? >>>PT: The company expects to produce revenues sufficient enough to begin paying Softbank Holding Company in 1999, 2000 and 2001.<<< >>>BF: We haven't heard any other expectations that haven't materialized, have we?<<< Sounds to me like Softbank Holding expects to get paid handsomely for selling SIM. Because it was a debt-ridden company, SH was willing to defer receiving payment. Who knows? Perhaps Softbank Holding got a glimpse of echoMEDIA's Sesame-ad, liked what it saw and thought Softbank Interactive Marketing would be a perfect complement. For some reason they made the deal, didn't they? And we all know that Softbank likes having a foot in the door of a lot of Internet companies.