Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : InvestRight Club Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (2547)	6/17/1999 12:17:00 PM
From: Francois Goelo	Respond to of 2662

BASHING BARBARIANS and other SHORT SELLING ICONOCLASTS,.... here is an interesting announcement from ZSUN: ZiaSun Files Lawsuit Against FinancialWeb.com SAN DIEGO, June 16 /PRNewswire/ -- ZiaSun Technologies Inc. (OTC Bulletin Board: ZSUN; www.ziasun.com) announced today that it filed a lawsuit in Florida against FinancialWeb.com alleging defamation. The suit also names Lynn Duke, the author of an article published by FinancialWeb.com on its internet site, stockdetective.com. This litigation was initiated after FinancialWeb.com made no response to ZiaSun's efforts to obtain a retraction, clarification, or even posting a rebuttal to the article ''Sunburn.'' In ZiaSun's opinion, the article's inaccuracies painted a very negative and inaccurate picture of ZiaSun. FinancialWeb.com's unwillingness to respond in any way made resort to the courts necessary. ZiaSun wishes to send a clear message that dissemination of defamatory misinformation regarding the company, its offices, or directors, will not be tolerated. You may contact the company if you wish the full text of the rebuttal that was offered to FinancialWeb.com to which they did not respond. ''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release. For more information please contact Investor Relations at (800) 773-7317. SOURCE: ZiaSun Technologies Inc. ===================================================== The BBS's (Bashing Short Sellers) have been proven WRONG, once again. I can still hear all of them, at one time or another, saying they and Stinky Stock Detective have nothing to fear from a Law Suit, since the ensuing Discovery process would bring up information that ZSUN would prefer to keep hidden. WELL, THAT WAS A BIG MISTAKE AND VERY POOR JUDGEMENT on their parts!!! ZSUN has nothing to hide, as it has done nothing illegal, which was the main contention supporting the short position. So, now that ZSUN has clearly demonstrated the fact that its affairs are in good order and that it has been a Law Abiding Corporate Citizen all along, I expect the remainder of the "naked short" position to be progressively and substantially covered. ZSUN's 10 SB Form is scheduled to be filed before month end and analyst coverage from a major entity is expected shortly thereafter. My post-split target of $30.00 to $40.00 by end of 1999, based on EPS of 65 cents and PE of 100 remains in place, bearing in mind I am a long and clearly biased investor. Regards, F. Goelo + + +