Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JOI
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Investing
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Investing

The Journal of Investing

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JOI
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Primary Article

Chronology of Controversial Practices in a Microcap Company

A Case Study of Ziasun Technologies

Richard Chen
The Journal of Investing Fall 2002, 11 (3) 91-99; DOI: https://doi.org/10.3905/joi.2002.319516
Richard Chen
A professor of accounting in the department of accounting finance and information systems at Eastern Kentucky University in Richmond, Kentucky.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: accchen@acs.eku.edu
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Abstract

Microcap companies are thinly capitalized issues that are typically not qualified for listing in national exchanges. They are also referred to as penny stocks. A typical microcap issue has very few market makers. Moreover, trading in OTCBB and Pink Sheets is often sporadic and erratic. Thin trading of a stock ensures that a few market makers can easily control the market. The absence of rigorous listing requirements as well as the high possibility of price manipulation makes microcap issues easy targets for fraudulent activity. In this article, the author examines an obscure microcap, Ziasun Technologies Inc., whose practices are very controversial. At the time of this writing, the company has not officially been charged by the SEC for violating any securities laws. Although no attempts have been made to prove their activities as illegal in an official capacity, their practices are at best disingenuous to the general public. Any company engaging in these activities should raise red flags for prudent investors. An examination of their practices reveals many of the common activities that result in fraud. James J. Cramer, a hedge fund manager and co-founder of TheStreet.com, said “penny stocks are a joke, often a fraud, and a huge mistake to own.” The case of Ziasun Technologies offers great insight into the operations of these companies.

  • © 2002 Pageant Media Ltd

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Investing
Vol. 11, Issue 3
Fall 2002
  • Table of Contents
  • Index by author
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Investing.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Chronology of Controversial Practices in a Microcap Company
(Your Name) has sent you a message from The Journal of Investing
(Your Name) thought you would like to see the The Journal of Investing web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Chronology of Controversial Practices in a Microcap Company
Richard Chen
The Journal of Investing Aug 2002, 11 (3) 91-99; DOI: 10.3905/joi.2002.319516

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Chronology of Controversial Practices in a Microcap Company
Richard Chen
The Journal of Investing Aug 2002, 11 (3) 91-99; DOI: 10.3905/joi.2002.319516
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • How Many Mutual Funds Are Needed to Form a Well- Diversified Asset Allocated Portfolio?
  • Return Predictability and the P/E Ratio
  • Estimating the Risk of Guaranteed Products
Show more Primary Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 1068-0896 | E-ISSN: 2168-8613

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy