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

To: Sir Auric Goldfinger who wrote (7630)	4/30/2000 4:09:00 PM
From: StockDung	Respond to of 10354

Quote of the week: "When Hotmail sold to Microsoft for $400 million, I felt sick." -- Anthony L. Tobin, president and CEO of ZiaSun, on the advantages of his free and custom email service, PINmail (http://www.pinmail.com/), over its rivals. veniceinteractive.com ===================================================== scmp.com "Momentum created and owns shares in AsiaFocus International, which owns PINmail. The service was launched last week in Hong Kong and provides an e-mail address accessed from a Web site." "Hong Kong advertising agency Momentum has created an anonymous e-mail service for Internet users around the world. From: South China Morning News scmp.com Director Anthony Tobin said the service would act like a post office box, protecting anonymity. This form of confidentiality, inevitably raises issues of privacy and censorship. A Finnish Internet service offering anonymous e-mail was closed down recently because it was perceived to be condoning child pornography. Mr Tobin said PINmail (http://www. PINmail.com) was designed as an offshore address only for legitimate businesses, but the company could not necessarily control its users. 'We are very different from the Finnish site, which was cumbersome, slow and free,' Mr Tobin said. 'We also have a very different view of confidentiality. The guy in Finland said he would defend his users' confidentiality to the hilt. If there is proof of illegal activities, I would give up a name.' Momentum created and owns shares in AsiaFocus International, which owns PINmail. The service was launched last week in Hong Kong and provides an e-mail address accessed from a Web site. Unlike usual e-mail software, PINmail is not downloaded on to a user's hardware, but sits at a server site and can be accessed using Netscape 3.0. Momentum's general manager, Graham Daley, designed the program using a combination of CGI, an industry standard, and Javascript. He said because of inconsistencies between Netscape's and Internet Explorer's use of Javascript, the Microsoft version was delayed and is now due out before December. 'There are really no disadvantages to having your e-mail sit on a server rather than your PC,' he said. 'In many ways it's an advantage because you can access your e-mail from any site in the world as long as you are using the correct browser.' PINmail can also allow you to maintain an anonymous address. Momentum has set up three server sites in Hong Kong, California and Amsterdam to enable easier and more efficient access. PINmail costs US$19.95 a year.' And it is of course, for pinheads.

To: Sir Auric Goldfinger who wrote (7630)	4/30/2000 6:51:00 PM
From: StockDung	Respond to of 10354

*FORENSIC ACCOUNTANT FRISY SPEAKS AGAIN, SAYS "ZERO" * By: frisky Reply To: None Sunday, 30 Apr 2000 at 5:46 PM EDT Post # of 19717 How much is the chance that the E could be removed before June 2, 2000? ZERO. If one takes the audited balance sheet as of 12/31/1998 from 10sb version 3 (the last time ZSUN presented the balance sheet as of 12/31/98), the audited balance sheet as of 12/31/99 and income statement of 1999 from 10sb version 5, and try to recreate the cash flow statement of 1999 presented in 10sb version 5, one will discover that this is mission impossible. No wonder, ZSUN did not present the comparative balance sheets for every version of 10sb. You are not going to find any listed companies with a single audited balance sheet in conjunction with an audited cash flow statement. If one removes the unrealized and realized gain of marketable securities, ZSUN actually lost $300,000 in 1998 . Instead, ZSUN reported a profit of $.47 per share in 10sb version 1, a profit of $.11 per share in version 2 and version 3 , and a profit of $.04 per share in version 4 and version 5. Since those securities were from exchanging its own shares with the shares of the related parties, the gains should be reclassified as additional paid-in capital. One does not make money from selling ones own stock. Moreover, if one removes the one-time gain from selling Asia4sale, realized and unrealized gain of marketable securities and account for all the potential shares that will be issued to former OIA shareholder, one will discover that the diluted operating EPS of 1999 is in a single digit. ZSUN?s financial statements did not follow generally accepted accounting principles. Jones & Jensen did not follow generally accepted auditing standards. I do not believe that anyone in this board has ever seen a CPA firm offers unqualified opinions for all the five different versions of financial statements in two time periods. There are many more questionable items in the financial statements. ZSUN deserves to be in Pinksheet. IMO, Since 90% of ZSUN?s revenues and more than 100% of net income are from OIA, an investment education company like Wade Cook, it does not deserve a whopping 80 to 100 PE ratio (based on diluted operating EPS.) Listening to the touts is hazard for your wealth.