Zia Sun(zsun) Message Board

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Microcap & Penny Stocks : Zia Sun(zsun)

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To: Francois Goelo who wrote (572)	4/19/1999 9:16:00 AM
From: jjs64	of 10354

FG; I dont know who you think will cover, this release is laughable. I see no actual financial statements (cash flow, balance sheet, income statement) here, just numbers that would put the share count at 10.5 million. So at least we have that piece of data. There is also the issue of the unknown, unnamed auditor. Finally, there is the grasping at straws "stock split" on a $16 stock. Plus, most of these numbers have already been released. See ZiaSun press release of Feb 8 1999, where they report 2.4 million in revs for 1998 and $950,000 in profits for 1998 from Momentum. In this press release (2/5/99) CEO Tobin stated that he is "confident that earnings per share will exceed the projected .11" A) They did not exceed B) Whose projections? Why are they trying so hard to make it sound like real analysts follow the company and have estimates out for them? Buyer Beware!

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