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

To: Sir Auric Goldfinger who wrote (7498)	4/24/2000 12:47:00 PM
From: StockDung	Respond to of 10354

By: frisky Reply To: 19312 by CrimsThieves Monday, 24 Apr 2000 at 12:43 PM EDT Post # of 19316 I am tired of analyzing the idiotic financial statements with five revisions and different EPS, net income figures. What do one has to believe? The basic comparative balance sheets for 1999 and 1999 are still not presented. Because of the omission of 1998 balance sheet, the figures in the cash flow statement could not be traced back to 1999 income statement and the two balance sheets. SEC will reject this version period. ZSUN is hopeless. Again, ZSUN kept its mouth shut on earnings revision. If ZSUN were CMGI, the CEO would have issued an official apology through the press release. Summary of significant changes of the 10sb version 5 from version 4 and the annual report: Cost of good sold increased by $243,938. Amortization increased by $10,000. Weighted average diluted shares increased by 78,500 shares. Diluted EPS DROPPED from $.24 to $.23. Prepaid expenses were changed from $375,710 to $131,722. Additional paid in capital increased by $10,000. Retained earnings decreased from $3,473,213 to $3,219,275. Read the Note 10, ZSUN changed the figures of selling Titan, Chequemate, Larca. Although, they are minor adjustments, but can you believe that ZSUN did not even know the precise cost or the proceeds from selling its related parties? securities? When we file our tax returns, we must tie our schedule D proceeds to 1099, otherwise IRS will hit us a stiff penalty. Three strikes you are out. Now, ZSUN already had four strikes and is going to get five. Read the new 10sb yourself, you be the judge.