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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(AMENDMENT NO. )*
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Consolidated Capital of North America, Inc.
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(Name of Issuer)
Common Stock, par value $.0001 per share
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(Title of Class of Securities)
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 pages
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CUSIP No. Schedule 13G Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ProFutures Special Equities Fund, L.P. 74-2786952
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF
1,680,672
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
1,680,672
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,680,672
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.19%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 4 pages
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SCHEDULE 13G
Item 1(a) NAME OF ISSUER:
Consolidated Capital of North America, Inc.
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Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
410 17th Street - Suite 400, Denver, Colorado 80202
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Item 2(a) NAME OF PERSON FILING:
ProFutures Special Equities Fund, L.P.
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Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
1310 Highway 620 South - Suite 200, Austin, Texas 78734
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Item 2(c) CITIZENSHIP:
Delaware
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Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share
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Item 2(e) CUSIP NUMBER:
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Item 3 TYPE OF REPORTING PERSON:
PN
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Item 4 OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED: 1,680,672 shares
(b) PERCENT OF CLASS: 8.19%. This percentage is based on total
outstanding shares of 18,845,756 as of April 28, 1998 as reported
in the Company's Form 10-QSB for the quarter ended March 31,
1998, and on an assumed conversion price of $0.8925 per share. On
April 8, 1998, ProFutures Special Equities Fund, L.P. ("PSEF")
purchased directly from the Company in a private transaction
$1,000,000 of 10% Convertible Notes (the "Notes"), convertible
into shares of the Company's common stock. PSEF purchased an
additional $500,000 of Notes on June 10, 1998. The Notes may be
converted into common stock at any time at a price equal to the
lower of a fixed price or a percentage of the average of the
closing bid prices of the common stock for the five trading days
preceding the date of conversion.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
<TABLE>
<S> <C>
(i) Sole power to vote or to direct the vote: 1,680,672
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(ii) Shared power to vote or to direct the vote: 0
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(iii) Sole power to dispose or to direct the disposition of: 1,680,672
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(iv) Shared power to dispose or to direct the disposition of: 0
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</TABLE>
Page 3 of 4 pages
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Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable
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Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not applicable
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Item 7 IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARIES WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable
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Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
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Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable
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Item 10 CERTIFICATION:
Not applicable
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
PROFUTURES SPECIAL EQUITIES FUND, L.P.
DATED: July 3, 1998 By: ProFutures Fund Management, Inc.,
-------------------- a General Partner
By: /s/ Gary D. Halbert
------------------------------------
Gary D. Halbert
President
