Zia Sun(zsun) Message Board

STOCKTALK

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Microcap & Penny Stocks : Zia Sun(zsun)

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To: Sir Auric Goldfinger who wrote (7181)	3/29/2000 3:46:00 PM
From: StockDung	of 10354

from rb By: frisky Reply To: None Wednesday, 29 Mar 2000 at 3:22 PM EST Post # of 18558 Do you know why ZSUN decided to pay 800,000 shares AFSI as liquidating dividend to ZSUN's shareholders and keeps 19,000,000 shares or 19% of AFSI's total outstanding shares? The reason is that ZSUN does not have to use the equity method of accounting anymore. Meaning, all the losses of AFSI do not have to be allocated to ZSUN's income statement. Since ZSUN is going to use the cost method, the investment in AFSI will be classified as either trading securities or available for sale securities. Suddenly, ZSUN creates a super balance sheet and income statement from nothing. The management can BS how much income they have increased from last year. ZSUN has done what I predicted in the past. These people are very smart.

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