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.

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

To: Coachman who wrote (6115)	12/17/1999 1:07:00 AM
From: StockDung	Read Replies (2) \| Respond to of 10354

This should clear some of it up; BTW the 10sb failed and ZSUNE filed yet another amended 10sb today. Maybe the third time will be a charm. I dont think so. Oh, and I remember your post when ziasun filed the 10sb for the first time. You said they were "Perfect" Check page 17 on the Fortune City site. The trade ticket shows July 1997. However, if the "IPO" was before, that would make it even worse! So investors in the "IPO" buy at $5 (See Page 4 on the FortuneCity site), and shortly after the bogus crim "IPO" the company is selling shares in a "private placement" for only $1.24! Transaction #3: In July 1997 the Company authorized the private placement of 2,000,000 (post-split adjusted) shares of the Company's common stock at a price of $2.50 per share. The Company sold a total of 259,988 (post-split adjusted) shares and received $324,984 in cash from this private placement. No underwriters were used. The securities were sold to non-U.S> purchasers, pursuant to an exemption from registration provided by Regulation S and Section 4(2) of the Securities Act of 1933. Each of the purchasers of above referenced shares non-U.S. residents, were accredited investors and had and possession information on the Company necessary for them to make an informed investment decision. The certificate representing the shares contained a restricted legend. tenkwizard.com Please note 2 million shares and that they were restricted. Now I have more documents and letters on Cragun but I am not privy at this time to disclose them to you. As far as the offering memorandum and the statements they are one in the same. Did you see restricted mentioned in the IPO/offering memorandum? They were. No cut your bull since you have read post after post on IAM from foreign investors that got riped off from Cragun, Briggs, and OIAM and IAM on all the stocks Cragun was involved in. These posts were from 1998 way before anyone even heard of Ziasun.