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

To: Brady B. who wrote (17963)	1/9/1999 1:10:00 PM
From: Jon Tara	Read Replies (4) \| Respond to of 18444

That would be a very sly interpretation of "ZULU shareholders", don't you think, Brady? The Investor's Preferred are newly-issued shares. They aren't being exchanged for existing ZULU shares. Ditto, the existing Netvest shares are shares in ESVS, not ZULU. I guess you could stretch, and say that, if Asian Trust and Netvest ALSO happen to be ZULU shareholders, that "existing ZULU shareholders" could hold 73%. But it's a gerrymander type of definition, don't you think? I mean, you could apply that definition if Netvest and Asian trust held only 1 share of ZULU each. It's not proportional to their holdings in ZULU. Yea, Pat owns some ZULU, and he winds-up owning 57.3% of the new company. So "former ZULU shareholders" now own 73%. (e.g. Pat plus other holders in both companies, plus holders of ZULU shares.) LOLOLOLOL! No, the fact is, that the current ZULU shares will be converted into less than 20% of the resulting company's shares. That is the number that matters, not this phoney-baloney 73% number!