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

To: PartyTime who wrote (17162)	12/23/1998 12:13:00 AM
From: Jon Tara	Respond to of 18444

So, does anybody know how they are paying for this acquisition? Cash or stock? If stock, this is a TREMENDOUS dilution - the combined market cap of the two companies is only about $12M. If they did this with stock, they just issued 3 times - 3 times their current capitalization in new stock. What that means, is that former shareholders (y'all included) now only own 25% of the company, and the guys they just "bought" own 3/4 of it. Er, sounds like a reverse merger to me. :) If it was cash, where did the cash suddenly materialize from? And what did they give-up in exchange for the cash? How does a company with a market capitalization of $12M (and assets of much, much less than that - most likely negative assets) buy another company for $35M? Sounds too good to be true. If it sounds too good to be true, it almost certainly is. Something is fishy here, there are big questions that need to be answered. Maybe the small fish just ate the big fish. But, somehow, I think the outcome of this is that there's just gonna be a smelly rotton mess laying all over the beach. Not only don't I see answers, I don't see much interest in asking the questions. I'd leave these questions to the PosHeads to ask, but they ain't askin'.

To: PartyTime who wrote (17162)	12/23/1998 12:30:00 AM
From: Jon Tara	Read Replies (2) \| Respond to of 18444

Here's another company name to check out. I was unable to find any information on Growth Capital Partners. There is one in Houston, Tx. but doesn't appear to be the same one. But, lookie here, a little advanced snooping with WHOIS. First, the information on brandsforless.com, that I've already posted: Registrant: Growth Capital Partners (BRANDSFORLESS3-DOM) 394 Bedford Road Pleasantville, NY 10570 US Domain Name: BRANDSFORLESS.COM Administrative Contact: Pappas, Amy (AP2876) growthcap@AOL.COM 914-747-3947 (FAX) 914-747-3971 Technical Contact, Zone Contact: Chatten, Greg C (GCC6) gchatten@STL-NET.NET 314-458-2866 (FAX) 314-458-1597 Billing Contact: Pappas, Amy (AP2876) growthcap@AOL.COM 914-747-3947 (FAX) 914-747-3971 Record last updated on 02-Mar-98. Record created on 21-Jan-98. Database last updated on 22-Dec-98 03:16:26 EST. Domain servers in listed order: NS1.ADVDIG.COM 199.217.241.2 NS1.STL-NET.NET 199.217.241.3 Now, let's get a little more on the individuals: [Query: AP2876, Server: rs.internic.net] Pappas, Amy (AP2876) growthcap@AOL.COM The Van Ness Group 394 Bedford Rd Pleasantville, NY 10570 914-747-3947 (FAX) 914-747-3971 Query: GCC6, Server: rs.internic.net] Chatten, Greg C (GCC6) gchatten@STL-NET.NET St. Louis Internet, Inc. 1374 Clarkson/Clayton Suite 324 St. Louis, MO 63011 314-458-2866 (FAX) 314-458-1597 OK, Mr. Chatten appears to be a techie associated with the ISP. But what's the Van Ness Group? Can't find anything on them, either. Brady?

To: PartyTime who wrote (17162)	12/23/1998 12:59:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 18444

PT, you said on YooHoo: "Well, why not exhaust every wild thought possible? Pretty much Duckman's been around Houston, Texas of late. Down there, they've got a lot of oil millionaires. Are we possibly unknowning participants in a scenario whereby oil money is starting to get behind the Internet? After all, oil's not doing too good these days." How do you know where Duckman's been? Anyway, perhaps the Growth Capital Partners I found in Houston is the right one, then. Not sure what they are doing with a N.Y. address, though, and no mention of a N.Y. office on their web site: growth-capital.com Those who feel snoopy may want to check out this page and see if any names ring a bell: growth-capital.com On first glance, though, this company appears to be too legitimate to be associated with ZULU/ESVS. :)