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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (3687)	7/27/1999 11:17:00 AM
From: CMon	Respond to of 10354

But on a serious note, has anyone seen the financials that the press release indicated would be available on the website?

To: Francois Goelo who wrote (3687)	7/27/1999 12:35:00 PM
From: StockDung	Read Replies (1) \| Respond to of 10354

Lets see how Francois's other favorite stock is doing today; Starnet Sued by Las Vegas Casino, Inc. for One Billion Dollars PR Newswire - July 27, 1999 11:20 VANCOUVER, British Columbia, July 27 /PRNewswire/ -- Las Vegas Casino, Inc., an Internet-based online casino company that is Starnet's biggest licensee for its "turnkey" casino games, is suing Starnet Communications International, Inc. for $1 billion. Starnet Communications International Inc. (OTC Bulletin Board: SNMM) (Berlin: SNM) has a wholly owned subsidiary, Softec Systems Caribbean, Inc. which is also being sued. Starnet is also listed on the Berlin Stock Exchange on the Over-The-Counter market under the symbol SNM. Las Vegas Casino, Inc. is claiming damages for a very substantial number of breaches of agreement. According to a company spokesman from Las Vegas Casino, Inc., "This company also claims that Starnet has too many grave irregularities in their accounting systems, too many serious bugs in their software; their technical and e-cash support is extremely deficient, with very serious problems such as massive over-billing of credit card accounts. "Starnet is also refusing to supply the proper accounting records they must supply under the license agreement. The auditors simply cannot do their work in these deplorable conditions. Las Vegas Casino, Inc. has received thousands of complaints from its clients, saying that Starnet's software and the company itself, and its subsidiaries were the worst they have ever known. "Starnet's highest management has admitted in writing that these problems were real, and this evidence of numerous admissions will be presented to the courts as early as next week." In an e-mail received by Las Vegas Casino, Inc.'s management in December 1998, Chairman and Chief Financial Officer Jack Carley had responded to previous complaints made by Las Vegas Casino, Inc. as follows: "If I could, I'd fire them all (Starnet staff) and start over," a remark that failed to satisfy, lessen or ameliorate what appeared to be a number of severe problems that Starnet was experiencing with regard to the viability and integrity of the service it was purportedly offering to its clients. A spokesman for Las Vegas Casino. Inc. added that such problems, far from being overcome, were now actually worse than before. ABOUT LAS VEGAS CASINO, INC. Las Vegas Casino is owned and managed by a group of US corporations, including a finance company, and an international group of companies, who have been in business for more than 140 years. The company is the largest operator of casinos on the Internet. For more information about Las Vegas Casino, Inc. visit the company's Web site at lasvegascasino.com , or e-mail: legal@LasVegasCasino.com . SOURCE Las Vegas Casino, Inc. /CONTACT: Claude Levy of Las Vegas Casino, Inc., 604-638-3400, or 604-638-3393, or legal@LasVegasCasino.com / /Web site: lasvegascasino.com / (SNMM) Headlines Next Story

To: Francois Goelo who wrote (3687)	7/27/1999 12:37:00 PM
From: StockDung	Respond to of 10354

Francois, Iif my memory is failing me I remember you said FAHN was shorting SNMM too. If that is true they look like they are now solvent. SNMM - STARNET COMMS INTL INC Exchange: OTC issue Delay: at least 15 minutes Last Price: 12 at 12:18 EDT Change: Down 9 (-42.86%) High: 22.687 at 9:58 EDT Low: 10 at 12:07 EDT Open: 21 1/4 Previous Close: 21 on 7/26 Volume: 1,788,700 Shares Outstanding: 22,450,000 Market Cap.: 269,400,000 Currency Units: US Dollar Confirm all data with your broker or financial advisor before trading. Data by: S&P ComStock

To: Francois Goelo who wrote (3687)	7/27/1999 1:56:00 PM
From: who cares?	Read Replies (1) \| Respond to of 10354

Where oh where to begin. 1. Francois how come none of these major institutions ever appear on the OTC-BB market maker report? How come you can't name even a single one of these major institutions, or give us a source to check your fantasy with? Surely the big time firm wouldn't mind, if they would tell a blabbermouth like you surely it's not top secret. There is also precedence for a poster on SI releasing this info. Go back on the PCNTF thread, you'll see a post from Louis Riley(he of KTEL fame)where he talked to the analyst from a major firm that wrote an unreleased recommendation. Louis told all about what was to come.(and of course we all know how comparable ZSUN is to PCNTF, or at least Francois claims it to be.) 2. Where's all the crap we were promised? No conference call, no SEC filing, no audited anything. Of course Francois is comfortable with Jones Jensen but is anyone else? As was asked here months ago, why would you use an acocunting firm with a bad reputation for your SEC filings?(even though Francois said they were large and reputable before he found out about their past) Maybe ZSUN didn't know. Maybe crap. Tobin is partners in a NV business with one of the guys indicted by the SEC on the Golf Ventures bit, Golf Ventures used Jones Jensen as did other Cragun turdariffic companies. 3. People have been swallowing the "couple of more weeks" line for the SEC filing since the first of April. Amazing. 4. Like JJS64 said, what the hell is with that "bizzaro metric of EBITPS?" Maybe it's because they couldn't figure out the math, they seem to have real, real big trouble with simple math. EXAMPLE If you go here advisorinsight.com You'll see that as of March 30, after the OIA acquisition, the number of outstanding shares was 13,465,000. (or at least that is what ZSUN paid to have S&P print for them.) Next look at the mighty OIA buyout PR a week later on April 8. You'll see this "ZiaSun is now projecting $5 million in net profit for 1999, including its newest subsidiary. This equates to $0.33 to $0.35 per fully diluted share, a substantial increase over 1998 figures." Now divide $5,000,000 by $.33 you get 15,151,515 shares. Divide by $.35 and you get 14,285,714. So somehow between March 30 and April 8 an extra 820,714 to 1,686,515 shares magically appeared. Or did they. Look at todays announcement. "(EBIT) of $2,331,218. The Company's second quarter EBIT equates to $0.09 per fully diluted outstanding share" Divide $2,331,218 by $.09 and you get 25,902,422 for a float. Divide that to to account for the split and you get 12,951,211 shares. LOL, this is of course off from all three of the previous numbers. Kinda makes you wonder how many other numbers are out of kilter in that press release now don't it. One explanation is the number in the S&P paid report is correct. Double the 13,465,00, divide into this $2,331,218 EBIT number and you get .0865 cents/share which would round to 9 cents. However this still doesn't jive with the older press release. Use the smaller possible number from the old release and you'd get 8.16 cents/share, the bigger number gives you 7.7 cents/share. Looks like once again they have been caught with a discrepency. Gee, I sure hope I didn't just push back the SEC filing a couple of more weeks, I was so looking forward to seeing it. Mr. Burns