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

To: Tim Luke who wrote (9331)	8/17/2000 12:06:53 PM
From: StockDung	Respond to of 10354

"ZSUN has significantly overstated its earnings on the second quarter." By: frisky $$$ Reply To: 25144 by Zsunshine $$$ Thursday, 17 Aug 2000 at 11:55 AM EDT Post # of 25156 IMO, ZSUN has significantly overstated its earnings on the second quarter. I call this as cooking the book at its own best. ZSUN announced to the public that its EBITDA EPS was $.39. This is a good PR figure becaue the imbeciles have no idea what EBITDA meant. It then said it earned $.07 EPS on a diluted basis in form 10. If you carefully scrutinize the figure, you will discover that ZSUN actually has a lost per share of -$.045. The trick is to record unrealized gain marketable securities of $3,328,339. Most of the unrealized gain was from 1.9 million shares of AFSI. Of course, ZSUN has no guts to record at the tightly controlled market value of $10.43. It valued AFSI at the wholesale price of $2.00 per share. If you read the balance sheet carefully, you would find marketable securities of $3,966,413 in the other assets section. This represents the valuation of AFSI. If you read the Footnote 2 carefully, you will find that ZSUN said it had an unrealized gain of $3,800,000. You can easily figure out that ZSUN has unrealized loss in DDD, LCAI and the listed stock portfolio of $471,661. AFSI is a good hiding place for all those losses even its market value is meaningless. ZSUN has violated the generally accepted accounting principles. The restricted shares of AFSI are not marketable. ZSUN cannot classify the paper gain on AFSI as an income item in the income statement. According to FASB statement, ZSUN should classify AFSI as available for sale securities (long-term investment). Any paper gain on the long-term investment should simply be included in the total shareholders' equity. If you remove Remove the paper gain of $3,800,000 from AFSI, you will find that ZSUN has inflated its earnings by 11.5 cents ($3,800.000/32,358,670). ragingbull.altavista.com

To: Tim Luke who wrote (9331)	8/17/2000 12:42:33 PM
From: who cares?	Read Replies (1) \| Respond to of 10354

(ot) Timmy quit embarrassing yourself. You act like a big man making a big deal out of banning me from your precious wittle Tim Luke worship thread(even though I never even considered posting there), now you search for me all over SI. Why? Because I showed the world what kind of a whiny lil crybaby wacko you are. Message 14216359 Perhaps instead of spending your time following me around(but never really understanding anthing) or reading pm's from losers that buy into crap scam stocks that I help expose, you could spend it answering questions posed to you by your fellow EXDS longs. Oh wait, you can't answer them cuz you don't know what they're talking about. Message 14214268 Now run along to your lil self worship thread, there's work to be done exposing this POS even further(see front page of yesterday WSJ) and i'm burning daylight. CMB PS, Anyone that needs further proof of Tim's wackoness, please go read his old thread. You'll see him spin a yarn about being on vacation in the pacific with his gal, until someone points out there was no flights when he claimed to make one. Then Tim came clean that he had made it all up. You'll see Tim post in top secret code to his loyal flock, cuz he didn't want the evil MM's to short his wonderful picks. You'll see Tim leave SI for good never to return. Only to return. Actually you'll see that a couple of times. And so forth. Subject 23670