LORACA INTERNATIONAL INC
Form: 10-Q Filing Date: 11/20/2000
Sales of Marketable Securities
During the nine months ended September 30, 2000, the Company sold 400,650 shares
of ZiaSun Common Stock, generating a gain on sale of $1,631,058. As of September
30, 2000, the Company held 850 shares of ZiaSun common stock with an approximate
market value of $1,568. In addition, the Company held an investment in a
mortgage-backed security with a fair market value of approximately $427,099 and
holds 5,860 shares of restricted stock in the Hartcourt Companies, Inc. with an
approximate fair market value of $30,897. The Company may liquidate additional
investment securities, as needed, to fund its working capital needs |
