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
  1. 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.
  2. 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.
  3. On April 19, 2010, Mhalka Capital Investments Ltd. transferred 200,000 shares of its common stock in a transaction for no cash consideration.