Frisky, you can add HRCT to the list of related party shares, as I believe they were on a reccommend list that Truthseeker posted from PT Dolok. I doubt it was all the high tech OIA methods that lead them to pick that crappy stock.
ragingbull.com
How good are those OIA investment advisors? Let?s check their performance in 1999. I am excluding TMOT, DDD and LCAI, because they are acquired through exchanging ZSUN?s own shares and the related parties. My discussion focuses on the blue chip shares that ZSUN acquired through open market. In 1999, ZSUN acquired $438,725 worth of securities. They sold $94,110 of securities and realized $25,446 profit. The unsold shares have a paper loss of $3643. We know 2000 has been a bad year. The paper loss will be extended further. You may find in the first quarter of 2000 income statement.
We can calculate the return on investment ($25,446-3643)/$438,725=5%. I have two mutual funds which I own for 15 to 20 years. One fund returned 36% last year. One fund returned 34% last year. As a matter of fact, these two funds have been returned between 22% to 41% in the last 10 years except 1994. Maybe OIA?s principals should put their money in mutual funds instead of timing the market themselves.
Are you willing to pay $3,995 or $2,995 a piece for OIA seminars? You be the judge.
BTW, someone kept criticizing Martykr for owing MSFT and RHAT. Surprisingly, the bosses also love those shares. Gain or loss on MSFT and RHAT will affect each ZSUN shareholder.
All the above info are from 10sb version 7, footnote 10.
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