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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Lahaina Acquisitions, Inc.
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
507275105
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(CUSIP Number)
Richard P. Smyth
Managing Member
Mongoose Investments, LLC
2900 Atlantic Avenue
Fernandina Beach, FL 32043
(904) 277-4438
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
8/23/99
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on the form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for 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).
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SCHEDULE 13D
<TABLE>
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<S> <C> <C> <C>
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CUSIP No. 507275105 Page 2 of 2 Pages
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1 NAME OR REPORTING PERSON Mongoose Investments, LLC
IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
N/A (B) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION US
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NUMBER OF 7 SOLE VOTING POWER 810,850
SHARES ---------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 0
OWNED BY ---------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 810,850
REPORTING ---------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 810,850
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9%
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14 TYPE OF REPORTING PERSON OO (Limited Liability Company)
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</TABLE>
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SEC 1746 (9-88) 2 OF 7
Item 1. Security and Issuer.
This Report relates to the Common and Preferred Stock of the Issuer.
The name and address of the principal executive officers of the Issuer are as
set forth below:
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Name Title Address
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<S> <C> <C>
L. Scott Demerau Chief Executive Officer 5895 Windward Parkway
and President Suite 220
Alpharetta, GA 30005
Betty Sullivan Vice President-Administration and 5895 Windward Parkway
Secretary Suite 220
Alpharetta, GA 30005
William Thurber Vice President-Finance and 5895 Windward Parkway
Treasurer Suite 220
Alpharetta, GA 30005
Sherry Sagemiller Assistant Secretary 5895 Windward Parkway
Suite 220
Alpharetta, GA 30005
</TABLE>
Item 2. Identity and Background.
The Reporting Person is a limited liability company.
(a) Name: Mongoose Investments, LLC.
(b) Business Address: 2900 Atlantic Avenue,
Fernandina Beach, FL 32034
(c) Principal Business: Resort Development
(d) & (e) Neither the Reporting Person nor any of its
members have, during the past five years (i) been
convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or
(ii) been a party to a civil proceeding of a
judicial or administrative body of competent
jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree of final
order in joining future violations of, or
prohibiting or mandating activities subject to
federal or state securities laws or finding any
violation with respect to such laws.
Item 3. Source and Amount of Funds and Other Consideration.
The Issuer redeemed 60,000 shares of Common Stock held by the
Registrant on June 30, 1999 in connection with the Registrant's purchase of the
assets of JP Concepts, Inc. The Issuer redeemed 1,910,000 shares of Series A
Preferred Stock held by the Registrant and issued 415,000 shares of Common Stock
to the Registrant in connection with the August 23, 1999 merger of LAHA No. 1,
Inc., a wholly-owned subsidiary of the Issuer, with and into the Accent Group,
Inc.
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Item 4. Purpose of Transaction.
See Item 3 above.
Item 5. Interest in the Securities of the Issuer.
The Reporting Person has given up 1,910,000 shares of Series A
Preferred Stock and 60,000 shares of Common Stock and acquired 415,000 shares of
Common Stock in connection with the August 23, 1999 Merger. On August 31, 1999,
the Reporting Person made nineteen gifts of shares of Common Stock in the
following amounts: 200,000 shares, 200,000 shares, 50,000 shares, 50,000 shares,
50,000 shares, 50,000 shares, 20,000 shares, 20,000 shares, 5,000 shares, 5,000
shares, 5,000 shares, 10,000 shares, 100,000 shares, 10,000 shares, 10,000
shares, 10,000 shares 10,000 shares, 10,000 shares and 565,025 shares. On August
31, 1999, the Reporting Person ceased to be the beneficial owner of more than
five percent of the Issuer's Common Stock. As a result of the above-described
transactions, the Reporting Person has beneficial ownership with respect to 4.9%
of the outstanding Common Stock of the Issuer. 810,850 shares are held with sole
voting power and sole dispositive power. Other than the acquisition reported
pursuant to this Report, through August 31, 1999, the date at which the
Reporting Person ceased to hold 5% or more of the Company's Shares, the
Reporting Person has not engaged in any transactions in any securities of the
Issuer. The Reporting Person is not a member of any group.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
requiring disclosure pursuant to this Item 6.
Item 7. Material to be Filed as Exhibits.
The following documents are filed as exhibits:
(i) Agreement and Plan of Merger, dated July 21, 1999, by and
among Lahaina Acquisitions, Inc. and LAHA No. 1, Inc.,
Mongoose Investments, LLC, The Accent Group, Inc. and Accent
Mortgage Services, Inc. (1/)
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(1/) Incorporated by reference to the Issuer's Current Report on Form 8-K dated
August 23, 1999.
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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.
MONGOOSE INVESTMENTS, LLC
8/31/99
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Date
By: /s/ Richard P. Smyth
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Richard P. Smyth
Managing Member
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