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

To: Bear Down who wrote (678)	4/22/1999 5:19:00 PM
From: jjs64	Read Replies (2) \| Respond to of 10354

Did anyone peruse the list of criminals caught in the Golf Ventures sting? Did you see this name..."George Panagiotou", this name "Mark Savage" and this name "Dean Verrigni." Upon further DD, it turns out our friends Mr. Panagiotou, Mr. Savage and Mr. Verrigni have been involved with Peter Tosto aka Peter Lybrand of CTRN/ECTS/POLU/SMEK/IVHD fame! FG and other doubters....Study this document carefully, "He who does not learn from history is doomed to repeat it." U.S. Securities and Exchange Commission Securities Act of 1933 Release No. 33-7339 / September 26, 1996 Securities Exchange Act of 1934 Release No. 34-37734 / September 26, 1996 Administrative Proceeding File Number 3-9104 PUBLIC ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS INSTITUTED AGAINST PETER TOSTO AND OTHERS IN CONNECTION WITH KICKBACK SCHEME The Securities and Exchange Commission instituted cease-and-desist proceedings against Peter Tosto and his company, Investor Relations, Inc., and public administrative proceedings and cease-and-desist proceedings against three registered representatives (RRs), George Panagiotou, Mark Savage and Dean Verrigni, pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b), 19(h) and 21C of the Securities Exchange Act of 1934, in connection with a scheme in which each respondent RR received, or arranged for other RRs to receive, undisclosed kickbacks for selling San Diego Bancorp (SDB) stock to public customers. The Order Instituting Proceedings alleges that Tosto, individually and through his company, IRI, orchestrated a kickback scheme to sell SDB stock. Tosto was paid by a major SDB stockholder to generate this market activity in a stock which otherwise had a relatively illiquid market, to enable that shareholder to sell his stock. Tosto used some of the money to pay Panagiotou, Savage and Verrigni to generate buying activity. These individuals or RRs they recruited sold SDB stock to customers without revealing to the customers that the RRs were being paid to recommend the stock. The Order also alleges that Tosto made misrepresentations, individually and through IRI, in connection with placing purchase orders for that stock, thereby causing substantial losses to a broker-dealer. Panagiotou participated in the making of those misrepresentations to the broker-dealer. To translate....even the IR firm can be caught. Look at what this CRIMINAL IR firm did, is Veritas any better? Probably not. Buyer Beware!

To: Bear Down who wrote (678)	4/22/1999 7:13:00 PM
From: Francois Goelo	Respond to of 10354

Bear Down, thanks for your concern and it's truly nice to hear from you again... What you see as red flags, because you have a certain bias, I mostly do not, because I have the opposite bias, so the Truth, if it can be defined, must exist somewhere in the middle. I do agree on a limited number of points: the last release was not worded in a helpful manner and should have come with figures. It would have been far better if ZSUN had chosen a better known firm of Auditors, but I understand their reasoning: they are comfortable with that particular firm which probably give them a decent deal. In addition, ZSUN shouldn't bother to post its releases on the thread. There is not much difference in quality of Audit work between the larger firm and the medium sized ones. The main difference is in term of cost and flexibility. Any auditing firm will have members sued and found wanting in the way they executed their work. Any firm will unknowingly deal with customers who have broken or will break the Law. It's really no big deal. I have no reason to believe that the firm that did their Audit didn't do a creditable job, bearing in mind it will support ZSUN's application to list on NASDAQ. Flodyie and Co may well be right when they say that ZSUN evolved from Bestway/BEVEX/FTFR, I don't know exactly which. As I understand it, they had an ingenious product that failed to perform to expectation in the field and resulted in a serious set back. They must have regrouped and ZSUN was born. While you guys are looking into the past, I am only interested in the future and as far as I can tell, I do not believe that the past will prove to be a liability for ZSUN, in fact, I would say, quite the contrary. What do I see? Earnings for 1999 in the 45/55 cents range, with the Seminar Company pulling in tremendous revenues due to the overseas expansion, supported by the various ZSUN divisions that are also growing very fast, NASDAQ listing before year's end, share price between $50 and $80 by then and a potential acquisition by a major player one to two years down the road. You know me enough by now, Bear Down, to be well aware that, should I ever find out ZSUN is not all it's purported to be, I would have no hesitation to sell my shares immediately, even at a loss, and become one of its most ardent detractor, as I have done in the past when I found out the truth about DCHT. So, for the time being, I will remain on my side of the equation and wish you well on your side. Regards, F. Goelo + + +