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

To: Sir Auric Goldfinger who wrote (7136)	3/27/2000 7:10:00 PM
From: StockDung	Respond to of 10354

By: frisky Reply To: 18445 by smallcappro Monday, 27 Mar 2000 at 6:54 PM EST Post # of 18466 You were right. However, it was ZSUN misled the public in its press release on January 19, 2000. ZSUN SHOULD NEVER include the sales of OIA before the merger on March 31, 1999 in that press release. Judging from the sales of OIA in the second and third quarter reported by ZSUN, we could estimate that OIA's quarterly sales is between $7.5 million to $8,000,000. This implies that the sales of the other units should be between $3 million to $4.5 million. OIA still contributes over 85% of ZSUN's revenue. OIA's profitability was about 25% of its sales. Therefore, OIA's after tax profit should be about $5 million. I estimated the before tax and interest earnings (EBIT) should be about $7 to $8 million. Meaning, all the other Internet subsidiaries lost money. Finally, nobody on the earth reports an EPS before tax and interest except ZSUN. Non-recurring prifit also must be excluded. Of course, the naive investors cannot tell the difference between the apple and the orange. I can do a much better job, if ZSUN ever releases the detail figures.