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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (5207)	10/20/1999 9:00:00 PM
From: StockDung	Respond to of 10354

Tonights humor, from LCAI filing In addition, we are aware that from time-to-time, chat groups may develop on the Internet and that participants in those groups may post statements about us. These statements may influence the market price of our Common Stock. We do not monitor statements about us that appear on the Internet, except for authorized statements made by us. We undertake no obligation of any kind whatsoever to monitor, correct, comment or respond to statements on the Internet or elsewhere by others, and it is our policy not to monitor, correct, comment on or respond to such statements. tenkwizard.com

To: Sir Auric Goldfinger who wrote (5207)	10/20/1999 9:09:00 PM
From: StockDung	Respond to of 10354

"The remaining 4,100,000 shares were sold to offshore investors pursuant to Regulation S under the Securities Act. The shares were issued at the effective price of $0.5183 per share, or $3,213,415 in the aggregate." On February 23, 1998, Loraca acquired all of the issued and outstanding shares of common stock of NMMC (formerly New Mexico Mortgage Company, Inc.) pursuant to an Agreement and Plan of Reorganization. Loraca was organized on March 11, 1996, and had no revenues or operations prior to the merger with NMMC. The acquisition was a transaction by an issuer not involving any public offering. The investment decision by Loraca was made by investors who were provided with access to information regarding Loraca and NMMC necessary to make an informed investment decision. In connection with its acquisition of NMMC, Loraca issued an additional 6,200,000 shares of Common Stock. Of such shares, 2,100,000 were issued pursuant to Section 4(2) of the Securities Act to Mr. Baca, an accredited investor, in exchange for all of the outstanding shares of NMMC held by Mr. Baca and his wife, Susan Baca. The remaining 4,100,000 shares were sold to offshore investors pursuant to Regulation S under the Securities Act. The shares were issued at the effective price of $0.5183 per share, or $3,213,415 in the aggregate.

To: Sir Auric Goldfinger who wrote (5207)	10/20/1999 9:15:00 PM
From: StockDung	Respond to of 10354

The total cost of the acquisition was $1,088,415, which exceed the fair value of the net assets of NMMC, Inc. by $460,836 NOTE 9 -- ACQUISITION On February 23, 1998, Loraca issued 2,100,000 shares of common stock for 100 percent of NMMC, Inc.'s outstanding shares of common stock valued at $1,088,415 in a business combination accounted for as a purchase. NMMC, Inc. primarily engages in mortgage broker services relating to single family residences in New Mexico. The results of operations of NMMC, Inc. are included in the accompanying consolidated financial statements since the date of acquisition. The total cost of the acquisition was $1,088,415, which exceed the fair value of the net assets of NMMC, Inc. by $460,836. The excess was recorded as goodwill and is being amortized over 15 years on the straight-line basis.

To: Sir Auric Goldfinger who wrote (5207)	10/20/1999 9:21:00 PM
From: who cares?	Read Replies (1) \| Respond to of 10354

Anthony Tobin seems bitter. Perhaps it's for getting replaced as top puppet at ZSUN by Scott Elder or perhaps it's the following. "In August 1998 the Company's subsidiary, Momentum Asia, Inc. made a loan of $70,000 to Vulcan Consultants Limited, a British Virgin Islands Corporation, which loan was due and payable in one year, in cash or securities acceptable to Momentum Asia, Inc. In December 1998, Vulcan Consultants delivered as full payment of said loan, 65,000 restricted shares of the Company which Vulcan Consultants received as the sole shareholder of Momentum Internet Incorporated, through the acquisition by the Company of Momentum Internet Incorporated Mr. Anthony L. Tobin, the President of the Company is the sole director of Vulcan Consultants Limited and has sole voting power over the shares owned by Vulcan." So Tony borrows $70,000 for a year. 5 months later, he pays it back with 65,000 shares of ZSUN, or put another way he sold the shares for $1.076 each(pre-split). Of course they were restricted and would have some discount to market, but gee, those shares would be worth $1,137,500 today, "if only he had held." I guess Tony didn't have a lot of confidence in ZSUN being in business by the time his stock got unlocked. You would think he might have at least waited a few more months into the loan agreement but I guess he knew the kind of rig the players here were running and he wanted the sure thing. CMB