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Microcap & Penny Stocks : Zia Sun(zsun)

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To: Coachman who wrote (6106)12/15/1999 10:57:00 PM
From: StockDung  Read Replies (1) of 10354
 
No semantics, Bryant D. Cragun was the President of Ziasun and so was Lynn Briggs. Bryant D. Cragun was Director of Oxford International Asset Management and a principal of the firm. Lynn Briggs is the President of IMA. Both were aware it was not a IPO. Cragun sold those shares to a company he controlled. There is much more but these are some of the main points. The shares were also restricted and there was no mention of it in the IPO memorandum. What kind of offering was it? "D"? "S"? "S.C.A.M.? you tell me.

Transaction #3:
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In July 1997 the Company authorized the private placement of 2,000,000
(post-split adjusted) shares of the Company's common stock at a price of
$2.50 per share. The Company sold a total of 259,988 (post-split adjusted)
shares and received $324,984 in cash from this private placement. No
underwriters were used. The securities were sold pursuant to an exemption
from registration provided under Section 4(2) of the Securities Act of 1933
and each of the purchasers of above referenced shares were accredited
investors had full access to information on the Company necessary for them
to make an informed investment decision. The certificate representing the
shares contained a restricted legend
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