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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick J. Saunders who wrote (3662)	7/25/1999 5:45:00 PM
From: Francois Goelo	Respond to of 10354

PS, please, point out the News release you refer to. If the first and second Quarter 1999 are non-audited, which certainly would be likely, at least for the second Quarter, that would not worry me for three reasons: 1) ZSUN just completed a thorough Audit to be able to prepare and release its 10SB Form prior to applying for listing to NASDAQ or AMEX Exchanges, so we would only be looking at 6 months of unaudited results, at most. 2) Originally, ZSUN had announced its unaudited results for 1998 at an EPS of 11 cents. When these became audited, the results didn't vary, indicating that ZSUN is careful and professional in preparing its accounts. Naturally, I assume the same would hold true for the first 6 months of 1999. 3) I have been studying ZSUN's management long enough to come to the conclusion that they are of a high caliber and entirely trustworthy: sometime a little faith goes a long way... Obviously, this is the personal opinion of a biased long, for what it's worth... Regards, F. Goelo + + +

To: Patrick J. Saunders who wrote (3662)	7/25/1999 6:18:00 PM
From: Francois Goelo	Read Replies (1) \| Respond to of 10354

PJS, actually, I have a couple problems with the Flashw post I re-posted: 1) "TUESDAY: PRESS RELEASE for 2nd quarter earnings .08/share; and, from the last 12 months .34/share." While the 8 cents EPS are in line with my own projections, the 34 cents for the last 12 months (1998, I imagine) is clearly incorrect, as it should be 11 cents. 2) "UPCOMING PR: Filing for Nasdaq in about end of July; Accordingly, listing on Nasdaq expected to be complete and final in three months." There is a good chance that ZSUN may decide to list on the AMEX instead of NASDAQ and 3 months may be a little on the short side. (3) "COMPANY'S PRICE FORECAST: $15 -$30 in 3 months period and added that some argued it may reach $60". My own forecast is based on EPS of 32 cents for 1999, a PE of about 100 (approx. half of that of PCNTF), giving a share value in the $30.00 to $40.00 range by the end of 1999, bearing in mind I am a biased long. Regards, F. Goelo + + +