What does ZSUN, a diversified holding company, own?
By: frisky $$$
Reply To: None Monday, 24 Jul 2000 at 3:54 PM EDT
Post # of 24210
What does ZSUN, a diversified holding company, own?
(1) TMOT: closed at $9/16 on July 21, 2000, an all-time low. It appears that the company is heading to a bankruptcy court.
(2) DDD: closed at $ 2 7/8 on July 21, 2000, a new 4-year low.
(3)LCAI: closed at $2 on July 19, 2000, an all-time low. It is bidding at $1.25. The stock trades haphazardly. You might have to make an appointment to sell the stock.
(4) BVEX: broke, worthless.
(5) AFSI: extremely thinly traded. The volume in this month is 300 shares. I have never seen the market makers ever changed the ludicrous bid and ask price. AFSI reported sales of $65,000, loss of $5,006,986 in 1999 and sales of $60,446, loss of $138,702 in the first quarter of 2000. However, it has an illiquid market cap of $120,000,000, LOL.
(6) Tigertooth.com: under construction for good.
(7) Momentum Internet, Momentum Asia: ZSUN has not figured out how to make money yet.
(8) Two newly acquired trashy subsidiaries, Asia Prepress.com and Asia Internet Services.com: It appears they are run by the same people. The picture of our staff in Subic, Philippines are almost identical in both web sites. I wonder if they are the same people who are working for Momentum Asia. IMO, these two acquisitions added no real value to ZSUN if they are the same workers from Momentum Asia. Whoever own these two web sites are making a killing.
(9) OIA: The day-trading seminar subsidiary contributes 85% t0 90% of ZSUN's total revenue and all the earnings. However, sales in the second quarter of 2,000 have declined from the first quarter of 2,000.
(10) A listed stock portfolio: ZSUN used some of the profit from selling LCAI, TMOT, DDD investing in a handful of listed stocks. The total market price of 12/31/99 was $378,283. ZSUN incurred an unrealized loss of $3,643. The unrealized gain of $114,795 reported in 10sb version 7 was mainly from holding LCAI and DDD. The prices of these two trashy stocks have tumbled. The unrealized gain from holding these two yo-yos has vanished. ZSUN must have incurred a paper loss now. In 1999, ZSUN did sell $54,044 listed stocks for $72,374 and realized $18,330 gain. The net performance for the listed stock portfolio excluding DDD was ($18,330-3,643)/($54,044+381,926) or 3.36%. They are better off to put their money in a money market mutual fund. If OIA people do not know how to manage their own money, how much could you learn from them? Besides, it would cost you between $2,995 to $3,995 a piece.
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