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

To: Sir Auric Goldfinger who wrote (5574)	11/9/1999 2:00:00 AM
From: Frank_Ching	Read Replies (1) \| Respond to of 10354

Like I said. Answer the question. You lot seem to ask questions all the time, so how about answering mine?? Frank Ching.

To: Sir Auric Goldfinger who wrote (5574)	11/9/1999 8:37:00 PM
From: StockDung	Respond to of 10354

1) While the Company's Common Stock was eligible to be traded over-the-counter starting June 30, 1997, Market Makers did not start quoting the security until January 1998. On September 30, 1999, the last sale price of the Common Stock, according to Nasdaq Historical Research was $5.375 per share, and there were approximately 7,000,000 shares of Common Stock outstanding held by 97 stockholders of record. Of the shares of Common Stock outstanding on September 30, 1999, approximately (i) 800,000 shares are freely tradable without restriction under the Securities Act; (ii) 2,100,000 shares (owned by Mr. Baca) will not be tradable pursuant to Rule 144 under the Securities Act until February 2000; and (iii) 4,100,000 may be traded in compliance with Rule 144 or pursuant to other exemptions from registration under the Securities Act. In addition, Loraca has granted options to purchase 425,000 shares of its Common Stock (vesting over a four-year period) to officers of the Company pursuant to its 1999 Stock Option Plan with a weighted average exercise price of $5.2978. The Company anticipates that all earnings subsequent to the filing of this Form 10, if any, will be retained to finance the growth and development of the business and, therefore, the Company does not anticipate paying cash dividends on its Common Stock in the foreseeable future. Future dividends, if any, will be determined by the Company's Board of Directors. Prior to its acquisition by Loraca, NMMC paid dividends to its S Corporation stockholders.