China Tracker - Safety/Risk Model (Stage One) for ZST Digital Networks (ZSTN)

 ZST Digital Networks
 Going Public
Market Segment:
Going Public: 2009-10-20IPO
RTO Advisor: WestPark Capital 
Lead Underwriter: Rodman & Renshaw 
 Auditor
Auditor: BDO China Li Xin Da Hua
Number of Auditors (since Jan 1, 2009): 3
Auditor Resignations (since Jan 1, 2009): none 
 Internal Controls
Internal Controls (Management): effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 3 
Number of CFOs (since Jan 1, 2009): 3
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Zhong Bo): Chairman, CEO 
Ownership Percentage: 43.80% 
 Analyst Coverage
Total Coverage: 2 Analyst(s) 
Tier 1 Firms: 0 Analyst(s) 
Tier 2/3 Firms: 1 Analyst(s) 
 Indicators
New Shares / Dilution (TTM): -0.02 million-0.19%
Short Interest (2010-06-30): 0.73 million12.70%
Account Receivables (MRQ): $21.25 million6,091.87%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): YES
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2010-04-15BDO China Li Xin Da HuaAppointment
2010-04-15Kempisty & CompanyDismissal
2009-04-20Kempisty & CompanyAppointment
2009-04-20AJ. Robbins, PCDismissal
 Senior Management Trail (since January 1, 2009)
2011-03-18Henry H. NganCFOAppointment
2011-03-18John ChenCFOResignation
2009-09-21John ChenCFOAppointment
2009-09-21Zeng Yun SuCFODismissal
2009-01-09Zeng Yun SuCFOAppointment
ZSTN
Telecommunications
SAFETY/RISK SCORE
27%
EXTREME RISK
Detailed Score: 267.1875/980
Current Price:  $0.03
F10k Day (2009-10-20): -99.61%$7.52
2009 Close: -99.66%$8.76
2010 Close: -99.57%$6.83
High (2012-07-11): -99.56%$6.75
Low (2012-04-26): -90.33%$0.31
Exchange: PNK
Market Capitalization: 0.35 mill
Total Shares: 11.63 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 33.80 mill
Net Income (MRQ): 5.23 mill
Op. Cash Flow (MRQ): 8.74 mill
all financial data provided without warranty