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: Sir Auric Goldfinger who wrote (7271)	4/4/2000 7:45:00 PM
From: StockDung	Respond to of 10354

SEC this way Smartire Systems Inc. (SMTR),---> Randy Berg Message 11305348 SEC Alleges Fraud By Two Internet Stock Promoters-A federal court judge on Tuesday agreed to grant a temporary restraining order against two men who allegedly used the Internet to fraudulently promote shares in dozens of microcap stocks. Named in the Securities and Exchange Commission case are Stephen Marek, 53 years old, known online as "BigProfitNews" and "Bulls-Eye Stocks," and Dominic Roelandt, a 22-year-old Belgian who uses the name "Coldstocks." The SEC claims the men touted stocks in 35 microcap companies to thousands of investors through free e-mail newsletters and on Internet Web sites. However, exactly how many of those investors followed the advice isn't clear. Online messages contained false and misleading statements about Marek's and Roelandt's track record for stock picks and didn't adequately disclose the fact that both men were paid to promote the stocks and planned to sell their own holdings after issuing a "buy" recommendation, the SEC added. "Typically, the stock would rise after their touts and they would sell into those touts," said Donald Hoerl, an associate regional administrator in the SEC's Denver office. Roelandt reaped $41,958 on his stock sales, and Marek pulled in $100,835 in profits, the SEC claimed. Stocks recommended by the promoters include Canceroption.com Inc. (CAOPE), Rockport Healthcare Group Inc. (RPHL) and Smartire Systems Inc. (SMTR), according to documents filed in federal court. The companies themselves weren't charged with any wrongdoing in the SEC complaint. The U.S. District Court in Phoenix agreed to an SEC request for a temporary restraining order that bars the two men violating from federal securities laws, freezes Marek's assets and requires him to account for and repatriate funds. Marek, formerly of Salome, Ariz., now lives near Victoria, Canada, and the SEC credited the British Columbia Securities Commission for its assistance in the case. Roelandt's whereabouts aren't known, according to the SEC. Neither Roelandt nor Marek are believed to be represented by attorneys and the two couldn't be reached directly for comment.

To: Sir Auric Goldfinger who wrote (7271)	4/4/2000 11:19:00 PM
From: StockDung	Read Replies (2) \| Respond to of 10354

By: frisky Reply To: None Tuesday, 4 Apr 2000 at 11:09 PM EDT Post # of 18758 Does ZSUN have something to hide? Why did ZSUN not release the 4th quarter EPS through the right channels? After the conference call, we still have no idea how much ZSUN?s 4th quarter diluted EPS was. Why does ZSUN not want to present the financial statements to the public? IMO, ZSUN does not want the public to know the ugly diluted EPS. ZSUN does not want the public to understand that the $5,000,000 profit from selling Asia4sale.com to uninformed foreigners is just a one time gain. ZSUN does not want the public to understand that the restricted shares of AFSI are illiquid. ZSUN does not want the public to understand that 85% of the revenues of 1999 was from OIA which was not even a unit of ZSUN until the second quarter of 1999. ZSUN does not want the public to understand that all its earnings were mainly from OIA and trading BB shares. ZSUN does not want the public to know that all its Internet businesses were very lousy. BTW, ZSUN cannot just give the shares to former OIA shareholders without deducting the federal, state income taxes and Medicare taxes. We are talking about tens of million dollars. If ZSUN does not withhold the taxes, the IRS will go after ZSUN. ZSUN must pay all the withholding taxes immediately after the former OIA shareholders exercise the options. Back in 1920s, the government could not prosecute Al Capone on murder, and drug-trafficking charge, but the government was able to lock Al Capone for life on tax invasion. ragingbull.com