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Strategies & Market Trends : Can you beat 50% per month?
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To: Smiling Bob who wrote (7574)1/4/2005 10:47:18 AM
From: Done, gone.   of 19256
 
ZAPZ -- How do you lose 7.5 million selling 3.6 million of scooters?

Well, for starters...
GENERAL AND ADMINISTRATIVE expenses for 2004 were $4.4 million as compared to
$1.5 million in 2003. RAP's portion of the expenses was $267,000 versus $786,000
in 2003. For ZAP the expenses increased from $687,000 to $4.1 million. As a
percentage of sales, general and administration expenses increased from 90% of
sales to 379% of sales.
Excerpt from:
sec.gov

I agree it's a poorly managed company.

Zap doubt about it. (g)
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