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


To: Sir Auric Goldfinger who wrote (7673)5/2/2000 6:22:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
By: frisky
Reply To: None Tuesday, 2 May 2000 at 5:50 PM EDT
Post # of 19852


ZSUN has been awfully quiet in the last two days. I do not believe that it has any game plan. ZSUN is shooting its own feet without any clarification of the E issue.

It is unethical and may be illegal if someone asked Stockreporter to write a buy recommendation while he or she knew that the e was coming. I think that SEC likes to look this issue deeply.

If you see the last two 10sb filing dates, you will see something is not right. 10sb version 4 was filed on 4/5/2000; 10sb version 5 was filed on 4/24/2000. The press release of Stockreporter was on 4/20/2000. The management knew that the version 4 was rejected before 4/20/2000 and they still used the Stockreporter's pseudo-research as the company's official press release. It appears that the Stockreporter's press release was the last effort to sell ZSUN shares before the E day.

Section 17 (b) of Securities Act of 1934 and Rule 10b-5 thereunder prohibits any parties recommend a security without disclosing the amount of compensation. Section 17 (a) prohibits any parties to sell securities with deceptive devices. You be the judge.





To: Sir Auric Goldfinger who wrote (7673)5/2/2000 8:54:00 PM
From: StockDung  Respond to of 10354
 
My My a new one-->18 March 1999 SFC Takes Action Against Unregistered Dealer's Representative

hksfc.org
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18 March 1999

SFC Takes Action Against Unregistered Dealer's Representative



The Securities and Futures Commission announced that it had successfully prosecuted Kong York Hay (Kong) and Ng Henry Kai Wah (Ng) for acting as dealer's representatives of Amber Global Limited (AGL) whilst unregistered.

Kong and Ng today pleaded guilty before Ms Suzanna Remedios at Western Magistracy. Kong and Ng were fined $2,000 each and ordered to pay costs totalling $8,000 to the SFC.

The SFC investigation revealed that during the period 1 April to 30 July 1998, AGL acted as an agent in Hong Kong for Amber Securities Corporation (ASC), a company registered with the Securities and Exchange Commission of the United States as a securities broker. Sales staff of AGL, including Kong and Ng, were engaged in recruiting clients in Hong Kong to open accounts with ASC and then receiving securities trading instructions for onward transmission to ASC. AGL, Kong and Ng were not registered with the SFC in any capacity.