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

To: who cares? who wrote (5438)	11/3/1999 9:04:00 AM
From: StockDung	Respond to of 10354

Yes, that is what I am saying. And then there is the unknown person that Mr. Elder referred to that was unauthorized to pay those 50,000 shares. Lets see who it could have been. Bryant Cragun? Lynn Briggs? We have both of them tied to the offshore entities that controlled and sold ZSUN stock during the time of the press release and had everything to gain from the P.R. WE NEED ANSWERS!! "ZiaSun Chairman D. Scott Elder said the company did not authorize paying shares to the stock promoter and the executive who did so has since left the company" My guess is Cragun, but how can the CEO/Pres. of the company not be authorised to do so. Even more strange is ZSUNE does not even mention this material event in their SEC filing which the SEC would require them to do. techstocks.com The former bottling company has promoted its new business mix of Internet companies to investors in a press release headlined, "ZiaSun Takes CMGI Strategy to the Next Level," a reference to the well-known financier of such companies asLycos. A ZiaSun executive also paid 50,000 shares to a stock promoter called Interactive Business Channel to write a positive report about the company. The report compared ZiaSun's e-mail service, Pinmail, to Microsoft's Hotmail, and its financial Web site, Mfinance.com, to Marketwatch.com. Hotmail has 40 million users; Pinmail was just launched. Mfinance has six full and part-time employees in its Hong Kong office; Marketwatch.com has 50 full-time staff in New York, San Francisco, London, and Tokyo. In the weeks following the paid promotion, ZiaSun's shares got caught in the wave that drove up scores of Internet-related stocks. But then the message-board writers started to pummel the company. ZiaSun Chairman D. Scott Elder said the company did not authorize paying shares to the stock promoter and the executive who did so has since left the company. Interactive Business Channel, which is based in Irvine, Calif., did not return phone calls.