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

To: who cares? who wrote (5524)	11/6/1999 1:33:00 AM
From: StockDung	Respond to of 10354

They have been spending way too much time in the mortgage business Mr. Burns. a good point. Where are those great earnings projections? Maybe they disappeared along with the financials on their web site that had different numbers then the ones they issued to the SEC. I wait to help ZSUN insiders in their new LORACA INTL INC venture. As you know I have been the top mortgage producer in every company I have ever worked for. Back in 1993 I worker for Weichert Realtors mortgage company Mortgage Access and was the top producer 6 out of 12 months and at the end of the year was the top Mortgage Producer of the Year out of 120 mortgage financial consultants and closed over 22 million dollars in loans. There is not one better than me when it comes to disclosures, Dept. of banking rules and regulations, correspondent lending sources, and origination's. LORACA INTL INC WITH NO FUNCTIONING WEB SITE AS OF JUNE 30TH 1999 HAD A MANIPULATED MARKET CAP OF APPROX $40,000,000 40 TIMES WHAT MR. BACA VALUED THE COMPANY IN 1998!! LCAI has approx. 7 million shares outstanding as of June 30, 1999. At today's price that is a market cap of approx. $40 million, FORTY TIMES what Mr. Baca himself valued his company at in 1998! This is RIDICULOUS From Loraca Form 10 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. So, this means Loraca, previously called Laraca, was organized AS A SHELL. It had (and has) no value as a business, apart from the value of NMMC. 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. So, LCAI acquired its operating business for 2.1 million shares valued at .5183 per share. This means that NMMC was sold by Mr. Baca for a paltry 1.08 million dollars. For the sake of argument, lets believe that Mr. Baca is some sort of business genious (ha, not likely, but for the sake of the idiot touts we will believe it), maybe NMMC is worth double that today. Lets assume NMMC is worth $2 million, that is a generous increase from its value when it was folded into the shell. LCAI has approx. 7 million shares outstanding as of June 30, 1999. At today's price that is a market cap of approx. $40 million, FORTY TIMES what Mr. Baca himself valued his company at in 1998! This is RIDICULOUS. We also know that the touts and SCUM have their cheap shares at this low price. The deal was done quite some time ago, so the shares are likely free trading. Notice also that they were Reg S shares, the very same type of stock that Cragun and his crim crew sold to unsuspecting European and Asian investors in Bestway USA aka ZSUN, as IPO stock. From inception until September 30, 1999, Loraca has granted options to purchase 425,000 shares of Common Stock. The option grants were all to employees in transactions exempt from registration pursuant to Rule 701 promulgated under the Securities Act. Pursuant to the Company's contract with its technology developer, J. A. Young & Co., the Company has agreed to issue shares of Common Stock with a market value equal to 40% of J. A. Young & Co.'s monthly invoice to the Company. J. A. Young & Co. is an accredited investor as defined under Rule 501(a) under the Securities Act, and the Company contemplates issuing Common Stock to J. A. Young & Co. pursuant to Section 4(2) of the Securities Act. This is very interesting stuff. LCAI is such a crappy company that JA Young, whom they hired, in a press release of 8.24.99, to develop a web presence, is getting an equity sweetener IN ADDITION to their monthly billings. Can't LCAI afford to pay JA Young their full fee in cash? Why isn't LCAI using Tony Tobin's team of talented, low-wage, Phillipino programmers at Momentum? Item 10. Recent Sales of Unregistered Securities. --------------------------------------- From its inception in March 1996, Loraca has issued 7,000,000 shares of its Common Stock, $0.001 par value per share. Approximately 800,000 of such shares were issued in a private placement in February 1997 in reliance upon Rule 504 of Regulation D promulgated under the Securities Act of 1933, as amended (the "Securities Act"). The shares were issued for nominal cash consideration ($0.1 per share and $80,000 in aggregate) in order to fund the incorporation expense and initial operations of Loraca, including 50,000 shares issued to Loraca's sole incorporator, David Spencer. All investors had access to all relevant information regarding Loraca that was necessary to make an informed investment decision. So, we know David Spencer is more than "just a little bit involved"

To: who cares? who wrote (5524)	11/6/1999 1:39:00 AM
From: StockDung	Respond to of 10354

Also Mr. Burns Laraca will need money for their new venture. Where are the form 144's Oh where Oh where can they be? Like Francois used to say. ZSUN stock was in friendly hands. 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

To: who cares? who wrote (5524)	11/6/1999 1:53:00 AM
From: StockDung	Respond to of 10354

You see Mr. Burns ZSUN is not their main concern. Most ZSUN reg s shares were sold already and now they are working on the next one. Good to see Amber Global Ltd address is the same as Momentum associates LTD are the same techstocks.com The following table sets forth certain information, as of September 28, 1999, with respect to the beneficial ownership of Loraca Common Stock by (i) all persons known by Loraca to be the beneficial owners of more than five percent of the outstanding Loraca Common Stock, (ii) each director of Loraca, (iii) each executive officer of Loraca named in the Summary Compensation Table and (iv) all other executive officers of Loraca. Shares that May be Acquired within 60 days of Name and Address of Percentage of September Beneficial Owners Shares Owned Class (2) 28, 1999 -------------------------------------- ------------ ------------- ------------ Ronald R. Baca (1) 1,595,402 22.79% Bernard A. Guy (2) 0 0% Thomas G. Bowser (2) 0 0% John Trombello (1) 0 0% Harrison Gentry (1) 0 0% Amber Global Ltd. (3) 583,310 8.33% Aragon Agents Ltd. (4) 584,720 8.35% Chelsea International Ltd. (5) 569,000 8.13% Katori Consultants Ltd. (6) 585,700 8.36% New Age Publications (7) 582,300 8.32% PT Pasifika Pratama Investindo (8) 569,000 8.13% Sandford Enterprises Limited (9) 500,000 7.14% Shang Holdings (10) 584,900 8.35% Executive Officers and Directors as a 1,595,402 22.79% group (5 persons)...................... --------------------------------- 29 (1) The address of Mr. Baca, Mr. Trombello and Mr. Gentry is 5600 Wyoming Blvd NE, Suite 150, Albuquerque, NM 87109. (2) The address of Mr. Guy and Mr. Bowser is 6 Centrepointe Drive, Suite 360, Lake Oswego, OR, 97035. (3) Amber Global Ltd.'s address is Unit No A 12th Fl, 1st Pacific Bank Center, No 56 Gloucester Rd, Hong Kong. (4) Aragon Agents Ltd.'s address is Bldg. PT1-07, 1961 Area, Philexcel Compound, Clark Spec Economic, Pampango, Philippines. (5) Chelsea International Ltd.'s address is #1 Queens Row, Central Hong Kong. (6) The address of Katori Consultants Ltd. is P.O. Box 957, Offshore Incorporations Centre, Road Town Tortola, British Virgin Islands. (7) The address of New Age Publications is Bldg. 8584 Boton Wharf, Subic Bay, Freeport Zone, Olongapo City, 2222, Philippines. (8) The address of PT Pasifika Pratama Investindo is the Ascot Jakarta, #2 Jalan Kebon Raya, Jakarta, 10230, Indonesia. (9) The address of Sandford Enterprises Limited is Suite 1-3 16, F Kinwick Centre, 32 Hollywood Road, Central Hong Kong. The sole shareholder of Sandford Enterprises Limited is Nicola P. Ontiveros, Secretary of Loraca. (10) The address of Shang Holdings is P.O. Box 107, Oceanic House, Duke Street, Grand Turk, Turks & Caicos Islands. Item 5. Directors and Executive Officers. -------------------------------- Name Age Position(s) ---- ---- ----------- Ronald R. Baca 45 Chairman of the Board, Chief Executive Officer and Director of Loraca; Chairman of the Board of NMMC Bernard A. Guy 43 President and Director of Loraca; Chief Executive Officer and Director of NMMC D. Harrison Gentry 60 Director of Loraca and NMMC John S. Trombello 75 Director of Loraca and NMMC Thomas G Bowser 45 President and Director of NMMC Ronald R. Baca has served as the Chief Executive Officer and Chairman of the Board of Directors of Loraca since February 1998, and as the Chairman of the Board of NMMC since January 1991. Mr. Baca also served as the President of Loraca from February 1998 through September 1999, and as President of NMMC from January 1991 to November 1998. Mr. Baca is also the President and Chairman of the Board of Directors of Heartland Insurance Company of America, an Illinois- domiciled insurance company, positions he has held since 1996. In addition, Mr. Baca serves as the President and a Director of the Raeaca Corporation, New Mexico Consumer Finance, Home Credit Corporation, and Addaca, Inc., all of which are private corporations that are currently inactive.

To: who cares? who wrote (5524)	11/6/1999 2:04:00 AM
From: StockDung	Respond to of 10354

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