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


To: StockDung who wrote (8947)7/24/2000 5:15:14 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 10354
 
Where did it all go: "AFSI reported sales of $65,000, loss of $5,006,986 in 1999" Equiring minds want to know.



To: StockDung who wrote (8947)7/24/2000 7:05:09 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
Addendum to my message 24207:

By: frisky $$$
Reply To: 24207 by frisky $$$ Monday, 24 Jul 2000 at 7:01 PM EDT
Post # of 24225


Addendum to my message 24207:
(1)I am sorry that I made a mistake about AFSI's sales in 1999. It was $70,024 not $65,000.

(2)AFSI's loss of $5,006,986 in 1999 was mainly from a goodwill write-off. The reason was that Taiwanese suckers paid ZSUN $5,000,000 to own 70% of Asia4sale Ltd. or 63% stake of AFSI which had no meaningful assets. In 1999, some of the operating loss of Asia4sale.com was hidden in ZSUN's unallocated G&A expenses. In 2000, all those expenses popped out. Hence, AFSI reported a net loss of $138,702 in the first quarter of 2,000.

(3)Who actually received $5,000,000? It is not very difficult to figure out. Scott Elder et al received $6,000,000 payout from the "super performance" of OIA in May 2000.

ragingbull.altavista.com



To: StockDung who wrote (8947)7/25/2000 4:49:03 AM
From: Frank_Ching  Read Replies (3) | Respond to of 10354
 
About ZiaSun Technologies, Inc.

ZiaSun Technologies, Inc. is a leading Internet technology holding company focused on international investor education and e-commerce and specialized online support services within North America, Asia and other international markets. The Company's portfolio includes: Online Investors Advantage (www.i-advantage.com), Momentum Asia, Inc. (www.momentumasia.com), ServiceLive (www.servicelive.com), Momentum Internet, Inc. (www.momentumplus.com),
PINmail (www.pinmail.com), MEDIAhits (www.mediahits.com), Swiftrade (www.swiftrade.com), AsiaEnet Ltd. (www.asiaenet.com), Tigertooth (www.tigertooth.com), Search Dragon (www.searchdragon.com), M Finance
(www.mfinance.com - a top-100 financial Web site), and a 19 percent equity position in Asia4Sale (www.asia4sale.com).