LATEST NEWS: Stock100.com predicts over $13.00...
or a 30%+ rise for ZSUN stock in the coming 5 days, which appears quite plausible: stock100.com and type in ZSUN...
Here is a RE-CAP:
The stock moved from $7.20 to $11.25 in a few days when there was a general call for the physical delivery of the Shares Certificates in an effort to break the Deadlock. While the stock settled back to just over $10.00, it is believed that the short position has now been somewhat reduced.
The market will probably remain controlled around this level until a bevy of Bullish news come out: filing of 10SB Form, latest Business developments, and release of the earnings for the first 6 months of 1999, all of it expected on or before 27th July. After filing of the 10SB, I anticipate professional coverage of the stock by one of the Brokerage that have been accumulating it all along, to begin.
Six months earnings are expected to be in the $3 to $4 Millions range, compared to $1.15 Million for the whole of 1998. For the whole of 1999, my estimate is a range of $9 to 10 Millions. I estimate that earnings of 32 cents per share for 1999 are quite feasible, giving a potential price range of $30.00 to $40.00 by end of 1999, using a PE of 100. PCNTF, in a comparable class has a PE of 200.
I should point out that the foregoing is the personal opinion of a biased long in the stock and that extensive Due Diligence is strongly advised.
Regards, F. Goelo + + +
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