"Passing inside information to any individual without issuing an official press release to the public is a federal crime."
By: frisky
Reply To: 19983 by birdman! Wednesday, 3 May 2000 at 4:17 PM EDT
Post # of 20008
Passing inside information to any individual without issuing an official press release to the public is a federal crime.
Mark Harris should know better. All ZSUN has to do is to step out and issue a press release to clarify the status of E.
By: birdman!
Reply To: None Wednesday, 3 May 2000 at 3:00 PM EDT
Post # of 20008
Ziasun Information...I just talked with IR (Mark Harris) and I'll be frank with everyone here.
I'M IMPRESSED! Most of the posts here have been speculation, half-truths, etc. and I think if anyone wants any real information concerning this company, CALL. I did, because I wanted to know what was going on. Here is some of the recap.
First, concerning the 10SB. The reason it has taken so long are varied. Two important points that Mark brought up was that they are a large diversified holding company which makes things quite complex. Secondly, because they wanted to report Asia4Sale in 99 financials, this added to the complexity and longevity. They are in the 4th round of questions with the SEC. They received a handful of questions today, that are mainly accounting type questions, such as how credit card debt is disclosed. Mark said that they intend to respond to these 7 or so questions within 48 hours. He said that the SEC will do everything they can to make sure they don't go to the pinks. He mentioned the word, assured by the SEC, but that may be too strong. He did say that they will respond to the answers within a week (5 days). Right now, the questions are with the accounting and legal people within Ziasun. Even though they have already been invited to the AMEX, they will wait until SEC approval. To emphasize the complexity of the whole 10SB, he said the original document was over 700 pages, which is quite a lot.
I have to go out for a while, but when I come back, I'll let you know what he said about 2000 revenues, and future endevours. (Spelling may be off some???)
Hope this helps some of you that are hanging in the dark.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Buy)
By: birdman!
Reply To: None Wednesday, 3 May 2000 at 4:07 PM EDT
Post # of 20008
Part II, additional Ziasun info...
First, let me correct part of what I said in the first post. Mark said that the SEC assurred him that they would do everything in their power to make sure they don't get on the pinks. I may have left that unclear.
OK, next I talked about earnings and revenues. He was extremely optimistic about earnings, especially 1st quarter earnings. He said they were originally going to release earnings and 10SB approval together, but that has changed. He said 1st quarter was extremely strong and hinted that they will be over $.20/share just for the quarter. He said they were looking for $60 million gross revenue for the year and a 200% growth rate, so next year should be around $150 million.
They have $14 million in cash for future acquisitions and mentioned about a half dozen that they are looking seriously at. On top of that he mentioned a partnership with a San Fransico based internet company that they are looking into.
Other future revenue generating stuff includes major European Institutional Investors that are looking at Ziasun carefully, OIA penetrating the European community, expansion of Swifttrade, spin-offs of existing and in the works entities, and get this, a possible sale of the beverage business that was originally in place before the reverse merger into Ziasun. Evidently someone is looking at a purchase that will add some millions to the coffers. All in all, he seemed quite positive about the future growth of Ziasun.
I know some may question this information, but that's ok. I think it best that we have inquiring mind. As I said before, talk with IR if you want it from the horse's mouth. Anyway, that's about all I can remember. Hope this helps.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Buy)
By: birdman!
Reply To: None Wednesday, 3 May 2000 at 4:09 PM EDT
Post # of 20008
Part III...I forgot. Look for forthcoming information from the company within the next week or so.
(Voluntary Disclosure: ST Rating- Strong Buy; LT Rating- Buy)
By: birdman!
Reply To: None Wednesday, 3 May 2000 at 3:00 PM EDT
Post # of 20008
Ziasun Information...I just talked with IR (Mark Harris) and I'll be frank with everyone here.
I'M IMPRESSED! Most of the posts here have been speculation, half-truths, etc. and I think if anyone wants any real information concerning this company, CALL. I did, because I wanted to know what was going on. Here is some of the recap.
First, concerning the 10SB. The reason it has taken so long are varied. Two important points that Mark brought up was that they are a large diversified holding company which makes things quite complex. Secondly, because they wanted to report Asia4Sale in 99 financials, this added to the complexity and longevity. They are in the 4th round of questions with the SEC. They received a handful of questions today, that are mainly accounting type questions, such as how credit card debt is disclosed. Mark said that they intend to respond to these 7 or so questions within 48 hours. He said that the SEC will do everything they can to make sure they don't go to the pinks. He mentioned the word, assured by the SEC, but that may be too strong. He did say that they will respond to the answers within a week (5 days). Right now, the questions are with the accounting and legal people within Ziasun. Even though they have already been invited to the AMEX, they will wait until SEC approval. To emphasize the complexity of the whole 10SB, he said the original document was over 700 pages, which is quite a lot.
I have to go out for a while, but when I come back, I'll let you know what he said about 2000 revenues, and future endevours. (Spelling may be off some???)
Hope this helps some of you that are hanging in the dark.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Buy)
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