Stockwatcher,
Francois won't answer me since i'm one of those "bashers" of ZSUN but maybe if you ask him he'll answer. How can he make a profit projection on ZSUN this year when they have refused to disclose how much they paid for OIA? This will likely be the single biggest expense item on any earnings report, without knowing it how can you project anything? Francoise's projections are based solely on a couple of lines about OIA's projected revenues in a ZSUN PRESS RELEASE not exactly an unbiased source of information.
In this press release OIA was claiming to be growing at an exponential rate and projected 99 profits north of $2 million on revenue of $15+ million. One would think one might have to pay a princely sum for such a company. Where would ZSUN get the money? As of the first of the year they only had a little over $4 million in assets and that was counting country club memberships, and they did just over $2 million in sales. How could they get financing to buy a much more expensive company?
If you look at the numbers that ZSUN has listed on their web site you'll see that over 95% of it's profit last year came from selling stock, not from day to day operations. The remaining bulk of it's profit likely came from it's succesful printing operation in Manila, not from it's internet properties.
Finally would the fact that one of ZSUN/Momentum's board members, who is also it's chief technolgy guy, used to run an illegal internet porn site that was shut down after it lost a trademark infringement case with Playboy be of importance? Another ZSUN/Momentum board member was a board member of the company that ran the illegal porn site. In fact that company apparently owned Pinmail, which is now owned by ZSUN. Please refer to this post for the details
Message 9910190
What generally happens is facts like these are brought up about a creme company like ZSUN. Someone like Francoise attacks the shorters and goes to any lengths to muddy the waters about what they post. They attack back, and all of a suddent they are evil bashers out to do in the company. I have no problem with someone stating facts supporting ZSUN as a great company, but just to pull stuff out of thin air, or a ZSUN press release, and then have the gall to pass it off as fact, GMAFB.
FWIW, ZSUN may very well spike if they ever manage to get first quarter numbers released in a PR. You see they have certain undisclosed stock holdings that they carry on the books, presumably a lot of their own stock since they're always giving it to tout sheets for payment(www.inchannel.com for one, 50k shares) If the stock goes up they book this as profit. Well the stock is on the books at $2.50 from the end of last year and it closed the first quarter at roughly $12.25ish, so they should be able to show a nice profit for Q1, tricking all the suckers into buying. Of course as soon as they have a quarter where the stock is down, such as this one, then the numbers turn real bad. Not to worry, they still haven't reported first quarter numbers, so there's at least 3 months, more likely 4 before they report 2nd quarter numbers.
Mr. Burns(evil basher) |
