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Microcap & Penny Stocks : Zia Sun(zsun)
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To: Sir Auric Goldfinger who wrote (7579)4/28/2000 9:08:00 PM
From: StockDung  Read Replies (1) of 10354
 
Forensic Accountant Frisky sez "This is very simple."


By: frisky
Reply To: 19606 by smaaisback Friday, 28 Apr 2000 at 6:59 PM EDT
Post # of 19620


This is very simple. The SEC does not believe that the 10sb was truthful and/or that ZSUN did not full disclose its financials to the general public.

How can SEC trust ZSUN when its accountant, Jones & Jensen, issued unqualified opinions for all the five significant different versions of financial statements for the same time periods? There is only one option left to ZSUN: Hire one of Big-Five or at least Grant Thorton level of accounting firms to perform a thorough audit before SEC can reconsider the case.
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