I love this guy!!
By: frisky
Reply To: None Thursday, 6 Apr 2000 at 8:09 PM EDT
Post # of 18818
Page 73 listed the performance of each ZSUN?s unit.
Momentum Asia:
1999 Sales : $1,791,528; operating loss: ($128,400)
1998 Sales: 312,195; operating loss: ($196,883)
Mementum Internet:
1999 Sales: $1,739,960; operating loss: ($482,428)
1998 Sales: 448,334; operating income $148,306
OIA:
1999 Sales: $23,562,420; operating income: $6,305,004
Asia4sale.com Ltd.:
1999 sales 69, 162; operating income $62,097
1998 sales 0; operating loss: 153,153
Unallocated loss
1999 ($1,196,316)
1998 (201,719)
It is inconceivable that Asia4sale.com Ltd. made a sale of $69,162 but earned $62,097 in 1999. IMO, some of the loss of Asia4sale.com Ltd. was hidden in the unallocated loss. This is why ZSUN dropped Asia4sale.com Ltd?s ownership from 27% to 19%. The revenues and the losses will be out of the picture.
BTW, do you believe that AFSI with a meager $69,162 sales and unknown loss is worth $300,000,000. You should be the judge.
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