AFSI Asia4Sale: When is an IPO not an IPO? Message Board

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Microcap & Penny Stocks : AFSI Asia4Sale: When is an IPO not an IPO?

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To: Sir Auric Goldfinger who wrote (2)	2/21/2000 3:32:00 PM
From: Sir Auric Goldfinger	Read Replies (1) of 13

How was AFSI formed? See this Raging Bull post which describes the shell game that got this thing public: ragingbull.com " Lately, the management just made a very clever transaction. Someone starts Internet Venture Capital in Indonesia then sold IVC shares to foreign investors in Asia and Europe. IVC then acquired Asia4sale.com Ltd from ZSUN. ZSUN received $5,000,000 from IVC plus 30% of IVC shares. IVC distributed Asia4sale.com Ltd shares to all IVC shareholders. Therefore, ZSUN received back 30% of Asia4sale.com Ltd shares. ZSUN called this as a private party had acquired 70% of Asia4sale.com Ltd., LOL. Someone then started a shell corporation, Asia4sale.com Inc., in US. Asia4sale.com Inc acquired Asia4sale Ltd. in Asia. Asia4sale.com Inc. started trading in OTCBB under the ticker symbol AFSI on Feb. 10, 2000. I am interesting to see who are the mysterious person or persons behind this clever deal. The most critical issue now is whether SEC will approve the 10sb before May 16, 2000. If not the stock will be pinksheeted. The liquidity will be a serious problem."

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