Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : CCAA- Fully Reporting -- Ignore unavailable to you. Want to Upgrade?

To: dale_murphy who wrote (65)	3/14/2001 5:41:34 PM
From: Due Diligence	Respond to of 72

CALA CORP has filed a Form SC 13D (General Statement of Beneficial Ownership) with the United States Securities and Exchange Commission. freeedgar.com Some Highlights from the filing: These purchases were made from personal funds without loans or other financing arrangements 1-Mr. Cala, during the course of 2000, purchased 1,894,000 shares for cash 2- purchased 2,800,000 shares by exchanging his rights in the Cascina restaurant lease in California 3-purchased 10,000,000 shares as partial payment by exchanging his rights to the Undersea Resort included in the acquisition of Cala Hotels, Inc. 4- purchased 85,856 shares by exchanging his services in lieu of salary 5- purchased 45,000 shares by exchanging convertible preferred shares he received at the time of his initial involvement with the company purchased 6- 14,750, 142 shares in exchange for notes payable by the company he acquired the rights to at the time of his initial involvement with the company. 7- Mr. Cala disposed of 5,600,000 shares by returning those shares for Mr. Modafferi and himself 8- gifting of 250,000 shares to a key employee of the company.