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ZOOM Technologies, Inc. Message Board

  • robchadwick robchadwick Jun 5, 2013 10:29 PM Flag

    Why I'm holding the bag at $4/pps

    Current assets of discontinued operations, held for sale 175,950,575 144,751,290

    I think the commas are further to the right than they should be - there is no way their assets are going to be worth anywhere near that & the company should back up the valuation they are claiming on these held assets.

    That's said, there's no point in selling this currently near-worthless stock except to take a loss, which can be done at $0.395 or $0

    I'm certainly not going to buy any more shares and wouldn't advise anyone else I knew to buy, but I don't see much point in selling at this point. Sometimes crazy #$%$ happens.

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