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Microcap & Penny Stocks : ZuluGroup.com (ZULU/ESVS)-Ecommerce & Internet Advertising -- Ignore unavailable to you. Want to Upgrade?


To: PartyTime who wrote (293)1/24/1999 4:32:00 PM
From: Jon Tara  Read Replies (1) | Respond to of 2003
 
They haven't "given up" 60% of their new company. They've SOLD 60% of it, for $4M. That would value the entire operation at almost $7M, or just $2M short of what Hayton puportedly paid for all of SIM.

ZULU just walked away from the operation. They DID, in fact, give up the whole enchilada with nothing to show for it.

Where they might still own a property worth about $7M, they now have nothing. Where is the logic in that?