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Zongshen Pem Power Systems Inc T.ZPP



TSX:ZPP - Post by User

Comment by hf1234on Dec 19, 2008 8:21am
709 Views
Post# 15656480

RE: RE: News..Q4 update

RE: RE: News..Q4 updateYou unfortunately have no idea what 2009 sales will be for zpp.

Sales in 2009 could be very poor as most of the sales 70 % of total sales are low emmission fuel efficient gas bikes. These sales are heavily correlated to gas prices. Oil has dropped to $ 36/barrell now. This company has been so far out to lunch on business planning and sales targets it is scary.

Mr. Zou will likely take this company private after they basically sold us all a bill of goods on the private placement approximately 1 year ago at $ 3.06 per share.

They have enough cash to to buy the entire company at its current price. maybe the big guy would be so generous to give us perhaps 0.50 cents per share on going private. Then I would only have lost 85 % of my original investment when I bought the private placement at $ 3.06.

I am completely disgusted with this firm and its continued foolish behavior in sales guidance.

Do us all a break zpp - don't issue one more forward looking statement again because you have no idea what you are talking about.  

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