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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:


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 Ltd from ZSUN. ZSUN received $5,000,000 from IVC plus 30% of IVC
shares. IVC distributed Ltd shares to all IVC shareholders. Therefore, ZSUN
received back 30% of Ltd shares. ZSUN called this as a private party had
acquired 70% of Ltd., LOL. Someone then started a shell corporation, Inc., in US. Inc acquired Asia4sale Ltd. in Asia.
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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