"You must have a difficulty to understand the word "fundamentals." All you have shown are the propaganda machine provided by ZSUN. One measures the fundamentals based on the financial strength, growth prospect and industry sentiment. ZSUN had zap."
By: frisky $$$
Reply To: 24374 by Frank_Ching $$$ Thursday, 27 Jul 2000 at 7:12 PM EDT
Post # of 24418
You must have a difficulty to understand the word "fundamentals." All you have shown are the propaganda machine provided by ZSUN. One measures the fundamentals based on the financial strength, growth prospect and industry sentiment. ZSUN had zap.
ZSUN’s financial statements content nothing but many garbage items. Let me analyze the unaudited financial statements of the first quarter 2000 released by ZSUN. (1) Cash: The cash of $15.7 million includes the payoff to Scott Elder et al. for $6 million. The net available cash is only $9.7 million. (2)The goodwill of $116.2 million is nothing but a garbage item. It represents the overpayment or giving free shares to OIA, Vulcan Consultants, Momentum Asia, Global Marketing Direct. The beneficiaries are all the inner circle of ZSUN. The gullible longs suffer. (3) Equity Investment of $241,856 has zero value because BVEVX has been out of business. If we exclude these three items, the total assets are only $14,412,789. (4) Let’s deduct the related party payable from the total liabilities. The net liabilities are $6,016,816. Therefore the real shareholders’ equity is only $8,395,973. ZSUN had 32,153,670 shares outstanding. The total market cap is $128,614,680. Why would any idiots pay $120,000,000 premium for a de facto day trading seminar company? We know the share prices of LCAI and DDD have been plummeted. The net equity would be even less.
ZSUN is losing a great deal of money in its Internet subsidiaries. The sector now is in disarray. Even the suckers are not willing to risk their money in the obscure Internet operations.
ZSUN is also losing money in its marketable securities like DDD, LCAI, TMOT. Even the listed stocks such as BAMM, CPQ, LU. EGRP, DELL, MSFT, T, UAL, AOL are doing very poorly. Do not brag about AFSI. The float of this trashy stock is so tightly controlled. The stock has no liquidity. I don't think that AFSI can be a going-concern entity, if it keeps losing huge money. You cannot run a company by simply issuing new shares. IMO, A year from today, AFSI will be in pennies.
The insiders are rushing out. This is not a very good sign for ZSUN either. This is why I believe that ZSUN is not worth more than $1.
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