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Technology Stocks : INTERNET ASIA + Indexes

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To: The Doctor who wrote (171)	4/8/1999 1:53:00 AM
From: Khris Smith	Read Replies (2) of 1567

ZICA Alright its late and I have a really bad headache......I can see why someone might have made mistakes looking at these financails. But here is the scoop: The shareholder equity is plus 1,156,013 that is 1.15 million not negative 12 million like you may have seen somewhere else-they are wrong. And this is for 1997. 1998 has not yet been reported and judging from the quarter reports should be astronomically better. The company is saving tons of cash by converting shares from an escrow account, and trading them for the license agreement that Jiejing held.This saves ZICA 22.5 million dollars a year in US currency. These shares have always been figured into the outstanding count-just held in escrow. By the way the financials are in Canadian dollars. The float: The outstanding shares are 28 million. The ceo holds 5 mil, board 9mil, and Jiejing another 5 mil. Do the math, the float is lower than I reported before. You may have also heard that the company might have trouble marketing their product...well. For one, they are hardly retail, they are going after the bundling market. Companies will approach them. Also the same people that made this claim, believed that the company could not raise cash due to share holder deficit-as stated above this is not true. They also have revenue from the Ericsson deal materializing in June. They also have revenue from the set top boxes made by IB (something I don't remember right now) shortly there after. I cannot remember all the facts but I did not see any "red flags"- This stock will fly. Give it time, and by all means -stop entering market orders at the bell--those will kill you. A good late night from, Nitetrade

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