Not sure if you guys are familiar with accounting language or not, but I'm a CPA so I figure I'll give you guys some insight on what I found interesting in the CC:
If they say they can cover all their debt and have enough capital to expand their current operations, that only means that ZLUS has what MOST of these BS penny stocks aren't even close to having, and that's a positive shareholder equity on their balance sheet... (Basically the difference between assets and liabilities) and the equity of this company could be more than the market cap of the company based on the numbers divulged to the people on the conference call! Most companies trade at many multiples of their actual equity by the way.
If you guys were on CC, you heard the what seemed to be shock come out of the CEOs mouth while he was talking about the current Market cap of the company and I think it's because he knows this.
So now we know this for a FACT, the company has positive equity (which is more assets than liabilities).
Now, they are selling some of their operations and products off to focus on their website. Strategically, you will want to focus on your strongest and most profitable business model and by keeping a lean environment for the company (which the CEO said is part of their strategy on the CC), they are selling off the operations that aren't as valuable to them.
So lets go back to what he said about being able to pay off what worst case scenario would be $7 million of debt. On top of that this sale will be able to help expand operations of theadultspot.com. Through deductive reasoning of proper business strategy (which the CEO doesn't seem dumb by any means) and the sale of the assets and assumed amount to come in from the sale, I am going out on a limb and saying that their website ITSELF is worth over $10 million.
If you do research, you will see that other websites with similar traffic flow and/or members will sell for millions.
Take all this into account and look at our current market cap... I know that many OTC stocks tend to ignore the rules of financial statements, but there is definitely A LOT of merit for this company to have a market cap over $10 million.
BTW, after hearing the CEO in the CC, I feel better about buying up so many shares, he sounds intelligent and proficient in business models, business operations, financial statement literacy, and understanding of the markets which is what EVERY CEO should have IMO.
My $0.02
Pred
