Well Lookie here;
Transactions Involving Capital Stock
tenkwizard.com.
In conjunction with the acquisition of NMMC, Loraca issued a total of
6,200,000 shares of its common stock during the year ended December 31, 1998.
In February 1998, Loraca issued 2,100,000 shares of its common stock ("Common
Stock") to Mr. Baca in exchange for 100 percent of the outstanding shares of
NMMC's common stock. In connection with the acquisition of NMMC, the Company
acquired $173,848 in cash. Loraca also issued 4,100,000 shares of Common Stock
to acquire 1,000,000 shares of the common stock of ZiaSun. The shares of ZiaSun
common stock acquired were valued at $2,125,000.
Sales of Marketable Securities
During the six months ended June 30, 1999 the Company sold 179,000 shares of
ZiaSun Common Stock, generating a gain on sale of $1,906,435. In addition, in
May 1999 the Company transferred 41,000 shares of ZiaSun common stock, with a
market value of $645,750, to Mr. Baca in exchange for forgiveness of a like
amount of the principal and accrued interest on the note payable to Mr. Baca.
As of June 30, 1999, the Company held 495,000 shares of ZiaSun common stock with
an approximate market value of $4,160,970. The Company may liquidate additional
investment securities, as needed, to fund its working capital needs
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