CALA CORP has filed a Form SC 13D (General Statement of Beneficial Ownership) with the United States Securities and Exchange Commission.
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Some Highlights from the filing:
These purchases were made from personal funds without loans or other financing
arrangements
1-Mr. Cala, during the course of 2000, purchased 1,894,000 shares for cash
2- purchased 2,800,000 shares by exchanging his rights in the Cascina restaurant lease in
California
3-purchased 10,000,000 shares as partial payment by exchanging his rights to the Undersea
Resort included in the acquisition of Cala Hotels, Inc.
4- purchased 85,856 shares by exchanging his services in lieu of salary
5- purchased 45,000 shares by exchanging convertible preferred shares he received at the
time of his initial involvement with the company
purchased
6- 14,750, 142 shares in exchange for notes payable by the company he acquired the rights
to at the time of his initial involvement with the company.
7- Mr. Cala disposed of 5,600,000 shares by returning those shares for Mr. Modafferi and
himself
8- gifting of 250,000 shares to a key employee of the company. |
