ZSUN MAJOR COVERAGE. Was this what Franschwa was talking about since I do not see any big Wall Street Firms putting out any buy recommendations on ZSUN like he was telling us?
Stinky Stock Roundup
Sponsored by WallStreet Guru
Where are they now? July 2, 1999
The following table lists some of the companies which have been featured as "Stinky Stocks" on Stock Detective, and provides a quick update of these companies' latest shenanigans. Stock prices are as of the market close on July 1, 1999.
Click the company name to view the original Stock Detective report.
Company Symbol Date Featured Price Current Price Change
ZiaSun ZSUN 4/28/99 $11.07* $8.41 -24%
The company had nothing substantive to announce in June, so it resorted to making predictions on June 22 about its financial statements that didn't close until June 30. Like many previous ZiaSun statements, this one is short on facts: "the company anticipates reporting revenues of $9.0 million for the second quarter ended June 30, 1999. ZiaSun projects second quarter EBIT of $2.1 million and also expects a significant increase in net income and earnings per share for the quarter." ZiaSun also announced it had filed suit against FinancialWeb.com. Stay tuned for details.
* price adjusted for 2-for-1 split on 5/24/99
ImaginOn IMON 2/26/99 $5.93 $2.19 -63%
There was a slight uptick on insider selling in June, with six shareholders registering for sale more than 150,000 shares (valued at more than $500,000) restricted under Rule 144. The company also completed redeeming more than 1.7 million public warrants, which raised more than $2.6 million.
Millionaire.com MLRE 12/30/98 $21.63 $2.00 -91%
While the newsstand version of this .com company announced it was going from quarterly to monthly publication, one of MLRE's board members probably had other things on his mind. A.J. Nassar, CEO of the Maxim Group, Inc. has served on Millionaire.com's board of directors since March. Since mid-May, at least five separate class action lawsuits have been filed against Maxim. Allegations in the suit include manipulating the share price and overstating revenues and earnings.
PinkMonkey.com PMKY 12/03/98 $13.50 $1.63 -88%
While this company seems to be dead in the water, it apparently has hooked up with an old friend, Houston InterWeb Design, in the hopes of riding its coattails to fame and fortune. Along with sharing a board member with Houston InterWeb Design, PinkMonkey also holds more than 750,000 shares of Houston InterWeb stock, payment for some business consulting and the result of a 165-for-1 stock split. Houston InterWeb has filed with the SEC, but is not trading publicly - yet.
Great White Marine Recreation Inc. JAWS 10/29/98 $2.22 $1.78 -20%
Great White claims to be venturing into e-commerce, with promises of a site launch by Independence Day. With a mere four days to go, the site is not yet operational. Other than that announcement, and a few management appointments, the company was quiet in June.
DNA Medical Technologies DNAT 08/31/98 $1.03 $0.13 -87%
This company is now officially in the hands of a new owner, after Utah-based H.M.O. International Ltd. bought out Don Washburn's majority share. H.M.O. International advises shareholders to stay tuned for new developments.
Rhombic Corp. NUKE 06/22/98 $0.94 $0.61 -35%
The company had plenty to say this month, but not much investors really wanted to hear, apparently, which sent shares bouncing around inside an almost 100 percent price swing. Rhombic shares topped $1.14 on June 7, but plummeted to less than $0.58 on June 24. Why the swing? Perhaps it was the company's continued campaign of techno- gobbledygook that leaves all but the physicists in a haze: "use the Rhombic technology to purify the gallium nitride of the unintentional oxygen and silicon impurities incorporated into the structure, and to purify the silicon carbide wafers of the pollutants boron, nitrogen and oxygen."
Platforms International PLFM 05/20/98 $0.92 $0.51 -45%
Well, it's been more than a year since Howard Foote and Co. promised a telecommunications contract in Brazil and an initial filing with the SEC. So far, zero for two. OK, maybe the Brazil gig is a little out of his hands, but the SEC filing isn't. And now, if the message boards are to be believed, Foote is crying foul that Motorola broke a non-disclosure agreement with his firm. The solution? Apparently Foote is going to file a complaint with Congress, when just about any other American would head straight for the nearest courthouse. Oh, but wait, that might mean Platforms would have to open up its records.
ProNet Link PNLK 05/15/98 $6.37 $2.97 -53%
More than a year ago, ProNet Link predicted it would have 40,000 subscribers after its first 12 months of operations. That time has come and gone and there's really no hint as to how many people it's managed to sign up for $360 annual memberships. The company seems to announce even the tiniest bit of news - new management, continued stock lockup by the founder - so you'd think ProNet Link would be crowing about the hoards it's taken on.
Eventemp ETMP 05/06/98 $0.00 -100%
Delisted August 1998.
Zulu-tek ZULU 03/25/98 $5.40* $0.22 -96%
Zulu-tek, which last year billed itself as the next great Internet ad agency, seems to be fading into oblivion. So, let's review: First, Zulu-tek effected a stock swap with Enhanced Services that rescued the latter from being de-listed from Nasdaq. Then the two companies were going to be affiliates developing Internet advertising "solutions." Last fall, Enhanced Services failed to raise $50 million in a desperately needed private placement, and shortly thereafter lost its Nasdaq listing. Then Enhanced Services was going to acquire Zulu-tek through a 1-for-10 stock swap. But then Zulu-tek did a reverse split so the stock swap could be 1-for-1. And now Zulu-tek says it's acquiring two Enhanced Services subsidiaries through a stock swap, even though one of those companies - BrandsForLess.com (Holdings) Inc. - recently announced plans for an IPO. Our guess is that a new company will be reversed into Zulu-tek's shell, when is the big question.
* price adjusted for 1-for-10 stock split effective Dec. 31, 1998
Saf-T-Lok LOCK 02/27/98 $3.66 $2.47 -33%
Any rational person might think that the company claiming to have the only childproof gun-lock that you can open in the dark while under attack would be booming after the U.S. Congress passes legislation requiring that handguns be made safer and less accessible to children. Guess again. Since the bill was passed in mid-June, Saf-T-Lok shares have dropped as much as 25 percent. And now there are rumblings that the locks, once installed, can easily be removed with ordinary household tools. Stay tuned.
B.A.T. International BAAT 02/07/98 $1.63 $0.22 -87%
Just in time for their Pike's Peak race, the folks at B.A.T. apparently are out from under the SEC's gaze. The company says it recently received a letter from the commission informing it that its inquiry was completed and no action would be taken. But not everything has been rosy for the maker of armored vehicles with plastic windows. B.A.T. says its site was hacked shortly after its SEC announcement.
CopyTele COPY 02/06/98 $2.25 $1.63 -28%
Nothing new from the stock of the living dead: In business now for more than 25 years, and in the hole for more than $45 million, but they keep selling shares.
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