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ZOOM Technologies, Inc. Message Board

  • djhmk2 djhmk2 Apr 1, 2013 5:12 PM Flag

    Extension clear as mud. Management must hate investors

    Due to a sale (disposal) of all the equity interests the Company holds in its China based subsidiaries (except for SpreadZoom
    Technologies Co., Ltd.), which include 100% of the outstanding equity interest of Beijing Nollec Wireless Company, 80% of the
    outstanding equity interest of Tianjin Tongguang Group Digital Communication Company, Ltd., 100% of the outstanding equity interest
    of Profit Harvest Corporation, Ltd., and 100% of the outstanding equity interest of Celestial Digital Entertainment, Ltd., as disclosed on
    the Company's Current Report on Form 8-K filed on January 7, 2013, significant amounts of revenues and expenses from the disposed
    operations will not be included in revenue and expense line items in the financial statements for the fiscal year ended December 31,
    2012 but the net result of which will be separately listed under "discontinued operations". Together with write-down of
    certain assets in relations to the disposal, the Company expects to report a net loss for the fiscal year ended December 31, 2012.

 
ZOOM
2.70-0.0700(-2.53%)Aug 20 4:00 PMEDT

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