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Microcap & Penny Stocks : Zia Sun(zsun)
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To: Sir Auric Goldfinger who wrote (7678)5/3/2000 12:42:00 PM
From: StockDung  Read Replies (1) of 10354
 
By: frisky
Reply To: None Wednesday, 3 May 2000 at 12:31 PM EDT
Post # of 19949


How much is ZSUNE worth? One needs to compare ZSUNE with WADE. WADE had $84 million sales in 1999 and $3.7 million loss. The loss was primarily from high G&A expenses. Wade had net assets of $16 million and 63 million common shares outstanding as of 12/31/1999. It is a full reporting entity. Wade?s current stock price is around 25 cents. In the last 10k statement, WADE acknowledged that it had a difficulty to grow and now is concentrating its seminar activities in big cities. In fact, Wade?s sales declined from $118 million of 1998 to $84 million of 1999.

ZSUNE is pretty much a transplant of WADE because 85% to 90% of its revenues are from OIA. ZSUNE had $27 million revenues and $3 million profits (excluding one-time gain) in 1999. I have no idea how many diluted shares that ZSUNE has. My best estimate is between 45 to 60 million shares. It has not complied with SEC?s reporting standards.

ZSUNE?s other profitable business is exchanging its own penny shares with the related parties, TMOT, DDD, LCAI and "other"(???). It was a successful strategy in 1998 and 1999 by shifting the additional paid-in capital to realized and unrealized gain of marketable securities. Hence, the EPS was boosted. However, the stocks of those related parties performed very poorly this year.


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