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

To: aleta who wrote (17725)	1/6/1999 2:53:00 PM
From: CWIII	Respond to of 18444

hmmmm!

To: aleta who wrote (17725)	1/6/1999 3:22:00 PM
From: PartyTime	Respond to of 18444

Aleta, I don't mean to appear as if I'm denying Zulu has debts. I just thought the questions I asked regarding lessor/lessee were appropriate. Remember, life is complicated, business even more so. And, yes, you're welcome to quote me on that line if you like. What's also important to consider is that ZULU acknowledged it has debts, and ESVS has acknowledged it will pay them, upon completion of the merger. And, I believe, this is a part of why the merger has to take place and what all the private placement money is all about: a) to pay off past debts; and b) to beef up the business concept where needed, i.e., acquiring companies like BFL. I think it's logical to assume that the entities thought they'd be combined by now. I don't think they were anticipating the kinds of battles they've encountered, what with ex-SIMers crying foul, a pesky Nasdaq position and who knows whatever other problems there are that are out there. It's a given that the company has had a rough start-up year financially. But I don't think that this is all that unusual. What they seem to be operating on, is a precept whereby if they can get their house in order, solid support--which has already been negotiated--which will come their way. So it seems that paying salaries and the cost of keeping the business alive has taken priority over payment of some past toothache-like debts. I do believe the SEC filing describing how ESVS will acquire ZULU acknowledges the responsibilities to which you and JT refer. JT, of course, is incessant about it because he knows such matters before the public eye harm the company. Thus, JT likes to keep these matters out front since it's obvious he hates Zulu and he hates Hayton. Here is what I believe we should be looking to: Incorporation papers have been registered in the state of Delware for the new ZuluGroup.com. This is a significant development which nobody seems to be paying much attention toward. Very soon, both ZULU and ESVS will become defunct, the new company will be formed, new money will be in and any unsatisfied debts will dealt with appropriately.