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


To: Francois Goelo who wrote (6167)12/20/1999 10:15:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
ATTENTION ZSUNE SHOPPERS!! FRANCOIS MAKES A FOOL out of himself yet again, frisky puts him in his place. a cold winter for francois in the k_mans. brrrrrr!!

By: frisky
Reply To: None Monday, 20 Dec 1999 at 7:53 PM EST
Post # of 14998


Shame on all the ZSUN touts! The 10qsb filed today is a revision of the overinflated 10qsb filed on 11/19/99. There is nothing to celebrate. Read it carefully. The goodwill was written off 5/6th from the original reported figure. It was written off against the additional-paid in capital and common stock. ZSUN readjusted the goodwill amortization back to earnings; ZSUN also adjusted down the weighted outstanding shares of common stock for calculating basic EPS (Nobody cares about basic EPS any way), therefore, the EPS looks nicer.

If ZSUN keeps changing its financial figures back and forth, it will be ZERO Sun soon



To: Francois Goelo who wrote (6167)12/20/1999 10:46:00 PM
From: Sir Auric Goldfinger  Respond to of 10354
 
The assets are all "Badwill" and FYI Frenchy: saying both $ and millions is, like all of your other posts, redundant. On the liabilities side, there is the unrecorded PLAyboy liability of $3 M as well as the one I pointed out the other day. As for the income, as we all very well know, all of those PR cheap stock giveaways must by SEC regulation, be charged through ZSUNEQ's income statement. Rest assured that these and many other comments will be forwarded to the SEC and the ZSUNEQ charade can go another round on it's endless treadmill......



To: Francois Goelo who wrote (6167)12/26/1999 10:11:00 PM
From: Q.  Read Replies (1) | Respond to of 10354
 
Book value cut in half: That's what the 10-Q/a filed filed Dec. 20 shows, when you compare it to the original 10Q. I just now got around to looking at these. My apologies is somebody upthread already dissected this.

Seems that ZSUN's accountant just waved his magic wand and POOF! More than half the book value of ZSUN disappeared. Seems the original claim was just an accounting shenanigan, with a whole lot of goodwill showing up as assets. Now most of that goodwill is gone, into the ether. Guess it was never real.

When they filed the 10Q on Nov. 18, they claimed shareholders equity was $22 M, thanks to all the goodwill. Now that they filed an amendment, it declined to a mere $10 M. Which works out to pennies per share.

Did ZSUN receive a comment from the SEC on its original filing?

Here's the new filing:
sec.gov

Here's the previous version with the funny goodwill:
sec.gov