Zia Sun(zsun) Message Board

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Microcap & Penny Stocks : Zia Sun(zsun)

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To: R.E.B. who wrote (3222)	7/7/1999 12:49:00 AM
From: Francois Goelo	Read Replies (1) of 10354

R.E.B, #ZSUN# is a Holding Company, much like WCAP or CMGI.... This business model allow them to invest in securities of other Companies and profits or losses in securities sold or held, are correctly accounted as net income or losses. As a result, ZSUN made a profit in 1998, whether Burnsie likes it or not. In addition, they are preparing to report about $2.1 Millions net earnings for the second Quarter 1999 and a somewhat lower amount for the first Quarter, as OIA didn't yet contribute. My calculations show that ZSUN will earn 32 cents a share in 1999, based on a conservative PE of 100 and that the share price is likely to attain the $30 to $40 mark by year's end. We'll soon have a better understanding of the Company, since the 10SB and first and second Quarters financials should be filed around the 15th of July and no later than the 27th. The foregoing is of course the personal opinion of a biased long... F. Goelo + + +

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