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To: Don Pueblo who wrote (7892)5/17/1999 10:03:00 PM
From: who cares?  Read Replies (1) | Respond to of 12810
 
Have you seen ZSUN? They put out a PR about a month ago proclaiming that they had completed audited financials and of course there was the obligatory two for one split of the high priced $20 stock. Then no filings of financials. Their chief tout then posts that the financials were awaiting the signature of the CEO of the auditors(Jones Jenson, who has signed off on some shady companies books in the past) the audit dude was supposed to be in Russia and would sign just as soon as he got back. Time passes. Next the tout says they're done, the company tells him they're finally done and will be filed with the appropriate people Mon. or Tue. That was last week, no filings. On Wednesday they ran another PR announcing the availability of audited financials.... on their own website, lol. Goto www.zsun.com, right on the main page there's a link to "audited financials." Every other company in the world and you can just assume they've been audited, with this one it's news. Of course as of today they still haven't been filed with EDGAR. Still waiting.
Just for laughs read what they filed on their own website, i've done better things tinkering with Quickbooks than what this $120 million market cap company is showing.

Mr. Burns



To: Don Pueblo who wrote (7892)5/17/1999 11:20:00 PM
From: Little Engine  Read Replies (1) | Respond to of 12810
 
A unique business plan, apparently: #reply-9575262 , which is an explanation of how KWIN is making monstrous "unaudited earnings" on its new used car lot division (supposedly $1.8 million in pre-tax profits on a division they just purchased last year for about $800,000 worth of restricted stock).

Quoth our expert: "The interest rate is the max by law and it can be huge. Lets say 15%.(ed guess)The person puts down 500 dollars make 10 payments and can't pay anymore.The company gets the car and starts all over again."

Loaning to people who can't pay you back. Brilliant!