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

To: Francois Goelo who wrote (4802)	10/10/1999 3:05:00 PM
From: StockDung	Respond to of 10354

By: frisky Reply To: None Sunday, 10 Oct 1999 at 2:52 PM EDT Post # of 11253 EGB2: Additional Info about 1998 Statement of Cash Flows: RE: Message 11220, 11218 and 111718 As I have pointed out that the beginning cash balance was reported in ZSUN's 1998 cash flow statement as $22,011 (page 59 and page 107 of the 10sb.) We all knew now that this figure was the same as Momentum Asia's cash balance as of 12/31/97, as reported by Momentum Asia and audited by Jones & Jensen. However, if you read page 31 of 10sb, you will find out ZSUN said "At December 31, 1997, the assets of the company included a cash balance of $73,029 and a license value $50,000 for the distribution of beverage center." The cash of $73,029 was not part of the beginning balance in the cash flow statement. It just vanished from the statement of cash flow. Another problem is ZSUN called recapitalization of $847,899. I know I have account for the increase of retained earnings of $1,152,210 which was from the net income. I have captured all the increase and decrease of operating assets, current liabilities, investing activities reported by ZSUN. I still could not account for $847,899. If I accept $50,000 increase in the inventory as reported by ZSUN on page 31 of 10sb. , I still cannot account the remaining $799,899. To ZSUN touts: Don't be too fool and say "This is no big deal. Everybody makes a mistake." An audited financial statement is a very serious document. Every investor counts on CPA's opinion to make his investment decision.