Besides VoyK, if you did listen to the OIA tapes you should have known that you should have sold when it was $12. I know these CRIMs. They are selling a little each day because they need money for LCAI. Here is the reason why. You dont get this kind of education from a multi level marketing stock course. In ZSUN's case the dirty SSB's are themselves. This is from LCAI's own filing. Oh, when Harris was making those statements that the stock was in close hands they were selling to idiots. No 144s here
"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.
From time to time, the Company's Chief Executive Officer, Ronald R. Baca, has
made loans to Loraca and NMMC in order to fund the Company's working capital
needs, including payroll and other office expenses. In consideration of Mr.
Baca's capital contributions, the Company issued to Mr. Baca an unsecured demand
promissory note dated as of December 31, 1998 in the amount of $701,737 and
bearing interest at the rate of 8% per annum. During the first and second
quarters of 1999, the Company made net advances to Mr. Baca in the amount of
$919,299, including the transfer to Mr. Baca in May 1999 of 41,000 shares of the
common stock of ZiaSun Technologies, Inc., a publicly traded corporation
("ZiaSun"), with a market value of $645,750. As of June 30, 1999, all
outstanding principal and interest on the note had been fully repaid by the
Company, and Mr. Baca owed the Company $217,562.
Transactions Involving Capital Stock
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.
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