Harbinger Capital Takes Position in Zapata

Seeking Alpha – In a 13D filing with the SEC, Harbinger Capital Partners has revealed a new position in Zapata Corporation due to activity on June 17th, 2009. This is a brand new position for the hedge fund and it now shows a 51.3% ownership stake with 9,888,684 shares.

As defined in the 13D, Harbinger has, "Acquired beneficial ownership as a result of receiving certain proxies to vote the Shares. Until the Closing (as defined in Item 6), the Funds will not acquire a pecuniary interest in any of the Shares."

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