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Microcap & Penny Stocks : Zia Sun(zsun)
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To: Sir Auric Goldfinger who wrote (7277)4/5/2000 4:45:00 PM
From: StockDung  Read Replies (1) of 10354
 
By: frisky
Reply To: 18778 by frisky Wednesday, 5 Apr 2000 at 3:25 PM EDT
Post # of 18780


Correction: The one time gain of $4,778,596 is an ordinary gain because ZSUN did not hold Asia4sale.com Ltd over one year. After the ordinary income tax, the gain should be around $3,000,000. The impact to the diluted EPS should be about $.12 not .05. In other words, ZSUN's diluted EPS from operation is about $.11, from one-time gain is about $.12, and from other activities (trading securities etc.) is about $.01.

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