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

To: Francois Goelo who wrote (68)	3/26/1999 8:38:00 PM
From: Dayuhan	Read Replies (2) \| Respond to of 10354

Francois, I took Gus' complaint seriously, as all complaints should be taken seriously, even though I never got a response to my request for details. I e-mailed Veritas, and they checked the phone logs. I'm not here to pursue arguments, but as we've heard one side of the story, it's only fair to post the other. Veritas says he talked to 2 people, not 6, in fact they don't have 6 people working on the ZSUN account. They have no record of the brother, though it is possible that he dealt with the other Veritas office. The reference to a merger stumped everyone, as nobody could imagine why anybody would mention that word in connection with ZSUN. It is possible that someone mentioned an acquisition that was under negotiation and expected to be consummated soon, referring to Pacific Barter. I am personally inclined to believe Veritas: I have passed written material to them before and had to run through repeated drafts before the lawyers were happy. Daniel asked me to check out the Raging Bull thread. I did, and saw several familiar people, as well as some new ones. A poster there raised legitimate questions on the status of audited financials. I am not in a position to report on what is going on at ZSUN headquarters, but I do know that we were knee deep in auditors for several weeks in February, and that they proceeded to HK from here. My guess is that the delay is because this is the first consolidated audit of ZSUN plus all holdings, and it is in preparation for SEC filing, which means it must be extremely thorough. The holdings are in a number of countries, and everything has to be brought into conformity with US standard. I think the original estimates of the time it would take were overly optimistic: I for one have never been through this process before, and I was amazed at how complicated it actually is. Let me stress that I am NOT on the financial side, I work for Momentum Asia, not at ZiaSun's main offices, and there is a lot that I don't know. The above is a guess, and there may very well be other factors involved. I've asked for more information and a firm date, and will pass on anything I hear. Steve