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

To: StockDung who wrote (735)	4/23/1999 12:10:00 PM
From: Francois Goelo	Read Replies (1) \| Respond to of 10354

Since none of the shorts have bothered answering, I'll post it again... This post originally answered a post from Bear Down but has general applications: 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. F. Goelo + + + Could you summarize all your ACTUAL and UNDISPUTED findings about ZSUN in a neat, orderly, logical manner, instead of this posting diarrhea of mostly irrelevant material?