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


To: Lou Farrell who wrote (1815)5/18/1999 11:02:00 AM
From: Francois Goelo  Read Replies (1) | Respond to of 10354
 
Most interesting RB post on ZSUN from another New Zealander: Vlekpa...

"To GRUMMAN

I am like you. I bought into ZSUN without any research, relying on the broker's recommendation. I was a very happy man when it went up through the roof. Now I am less happy. My broker advises me to hold on. Apparently the short position is worth $8mln. They have to cover it some day. I bombarded Ziasun with my "I am very concerened" and "I demand some action" e-mails. Got a very nice reply from John Hirsch and many phone calls from my broker. They sound very confident. My stockholding is too small for them to keep me in. I am not worth their time and money spent on the phone calls.

I believe they have something in the making to surprise the shorters. And they are very confident that the second quarter financial results (showing profits from the onlone training company; I uderstand the $0.11 profit per share is generated by Swiftrade only) will be great.
There is one more thing which makes me hold on. You may have read those negative postings about John Cronin. Actually I have had a very good experience with him.

I applied for Swiftrade account on line. I got a phone call from John (I am in NZ). He spent good 45 minutes on the phone, giving me a lot of good advise. But what impressed me most was, that he advised me against opening a marigin account. In his opinion I was not ready to take such risks. My loss - his profit, and still ...
The rebuttal was very good, but much too late.

This stock will take off, the shorts themselve will push it up. With good financial reports and new announcements (Nasdaq ?) it should be a money maker. If it happens the shorts will not touch it again.
Have I helped?


Yes, you have helped a great deal in dispelling some innuendoes from another Kiwi.

Regards, F. Goelo + + +



To: Lou Farrell who wrote (1815)5/18/1999 4:59:00 PM
From: Francois Goelo  Read Replies (2) | Respond to of 10354
 
Lou, here is another enlightening post from well named: CITICORP....

The post can be found on Yahoo and RB, for those who want to ensure I didn't make it up:

"From: citicorp 05/14/1999 10:50:20 Top of Form 1 Msg: # of 36 Bottom of Form 1

Having read the above messages, I write to share with you what I see on ZSUN. Well, as listed on the BB, the company do not have to file quarterly return as stocks in NASDAQ (stricter). While the company was formed through acquiring other internet cos last year, they came up with the first formal audited accounts just a few days ago, that's understandable.

About abnormal trading, don't forget it's only traded on the BB, while given its small float, fluctuation is normal. About its profitability, there is no doubt. To become a successful co, it has to be special, the sites that Ziasun current manage do offer something other cos do not have, eg money charging training for on-line trading, asian focus, cheap support from the Philippines, etc, are its competitive and comparative advantages.

After the split, given significant business flow throught the internet in the coming years, Citicorp believes the stock could bring a 10-fold return in 3 years. Take a look at the price to NAV of AMZN, PCLN, and even YHOO, and compared with ZSUN, you see why ZSUN gains Citicorp's full support. I wo't tell people to get in to become a shareholder, but if you are already a shareholder, Citicorp will recommend you to 'hold' for the goods to come!


Here again, those are not my words, but pretty much confirm my own valuation of $60 to $80 by end of financial 1999.

Regards, F. Goelo + + +