Filing Details
- Accession Number:
- 0001144204-10-022789
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-04-28 13:00:00
- Reporting Period:
- 2010-04-19
- Filing Date:
- 2010-04-28
- Accepted Time:
- 2010-04-28 17:34:55
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1464766 | Loto Inc. | NONE | Services-Prepackaged Software (7372) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1470788 | Ltd. Investments Capital Mhalka | C/O Loto Inc. 20 Toronto Street, Suite 460 Toronto A6 M5C 2B8 | No | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2010-04-19 | 19,300,000 | $1.50 | 700,000 | No | 4 | S | Direct | |
Common Stock | Disposition | 2010-04-19 | 500,000 | $0.00 | 200,000 | No | 4 | J | Direct | |
Common Stock | Disposition | 2010-04-19 | 200,000 | $0.00 | 0 | No | 4 | J | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | J | Direct | |
No | 4 | J | Direct |
Footnotes
- On April 19, 2010, Mhalka Capital Investments Ltd. sold 19,300,000 shares of the Company's common stock to 2238646 Ontario Inc. pursuant to a Stock Purchase Agreement in which 2238646 Ontario Inc. agreed to pay the purchase price in the form of a note in the amount of $28,950,000, which shall accrue interest at the rate of prime rate plus 1.5%, and shall be due in three years.
- On April 19, 2010, Mhalka Capital Investments Ltd. entered into a into a Share Tender and Cancellation Agreement, pursuant to which Mhalka Capital Investments Ltd. agreed to the cancellation of 500,000 shares of the Company's common stock.
- On April 19, 2010, Mhalka Capital Investments Ltd. transferred 200,000 shares of its common stock in a transaction for no cash consideration.