An interesting post from RB
By: ekurich
Reply To: 4870 by Francois_Goelo
Wednesday, 7 Jul 1999 at 1:18 PM EDT
Post # of 4946
I am a new kid on the block. Like you said, ZSUN has drawn interest from many potential
speculators (or suckers) after the lawsuits were filed. Read recent posts and feel that you
might be a hire-gun from the management or a de facto insider. You know all those super
positive inside info that we don't know. However, if no new speculators (or suckers) would
like to catch your hot potato, ZSUN will not go anywhere.
I have a few questions for you. First, just check the domain name of ZSUN's operations and
found out they all registered to the same server, WS1.MOMENTUM-HK.COM located in VG
BC, except I-advantage which is parked at an independent ISP, secure.net. In other words,
those great businesses and subsidiares are possible just a few web-pages in a UNIX-based
or NT-based server. Check their G&A expense in 1998, I speculated that ZSUN's total
emplyees were probably in a single digit to low teens. Can they handle the traffic flow of nine
separate businesses? Secondly, why a company who is targeting chinese customers does
not have a chinese web-page? Does the management expect that every chinese can read
English? If I were a chinese merchant, I would rather advertise my products or service in a
portal that my customers could understand. Thirdly, based on its "audited" 1998 financial
statements, ZSUN's EPS was mainly from two sources: realized gain and unrealized gain of
marketable securities. Is ZSUN in Internet business or in day-trading business? ZSUN's
trading profits in 1998 was over $500,000 and the paper-gain was over $700,000. ROI was
over 1,000% in a 1998. They are the best traders I have ever seen. George Soro needs to
take some lessons from ZSUN's management. I assume that all the great revnues and
earnings in 1999 are also from trading the securities. Therefore, if they are so good in
day-trading, why would they use their newly earned cash in 1999 to buy back their own risky
stock. It does not make any sense at all. They should keep trading to benefit their
shareholders.
It's a pity, nobody answers the real questions.Truthseeker, I am waiting for your new web site.
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