UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No.1)
Under the Securities Exchange Act of 1934
LAHAINA ACQUISITIONS, INC.
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
507275105
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(CUSIP Number)
Graham M. Cooper c/o Paxford Investments, S.A., Peek Building, George Street
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NASSAU, BAHAMAS N8160 (242) 322-2504
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with a copy to:
Michael G. Platner, Esq., Gunster, Yoakley, Valdes-Fauli & Stewart, P.A.
500 East Broward Blvd., Suite 1400, Fort Lauderdale, Florida 33394,
(954) 462-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 7, 1998
(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 [ ].
The information required on 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).
The Exhibit Index is located on page 5.
Page 1 of 4
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
CUSIP No. 507275105 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
GRAHAM M. COOPER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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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) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
THE BAHAMAS
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ---------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
-0-
---------------------------------------------------
10 SHARES DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
-0-
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
<PAGE>
This Amendment 1 to Form 13D is being filed to report Paxford Investment, S.A.'s
sale of 750,000 shares of common stock of Lahaina Acquisitions, Inc.
ITEM 1. SECURITY AND ISSUER
Common Stock, no par value, Lahaina Acquisitions, Inc.
5459 South Iris Street
Littleton, Colorado 80123
ITEM 2. IDENTITY AND BACKGROUND
a. This statement is being filed by Graham M. Cooper.
b. Peek Building, George Street, Nassau, Bahamas N8160. (principal
business and office address)
c. Graham M. Cooper is the sole shareholder and a director of Paxford
Investments, S.A., a corporation organized in The Bahamas.
d. Not applicable.
e. Not applicable.
f. The Bahamas.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONDITIONS
On December 7, 1998, Paxford Investments, S.A. ("Paxford") transferred
all of the shares of Lahaina Acquisitions, Inc. ("Lahaina") beneficially owned
by it, constituting 750,000 shares of Common Stock of Lahaina, to Mongoose
Investments, LLC ("Mongoose") for Three Hundred Thousand and No/100 Dollars
($300,000) pursuant to an Irrevocable Stock Power dated December 4, 1998.
ITEM 4. PURPOSE OF TRANSACTION
See response to Item 3 above.
(a) - (j): Not applicable.
Page 3 of 4
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF ISSUER (as of December 7, 1998)
NUMBER OF PERCENTAGE
SHARES OWNERSHIP
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a. Graham M. Cooper -0- 0%
b. Graham M. Cooper is the sole shareholder and a director of Paxford
Investments, S.A. which, in turn, has sole voting and investment power
with respect to -0- shares.
c. See the description set forth in Item 3 above.
d. Graham M. Cooper, as the sole shareholder and a director of Paxford
Investments, S.A., has the power to direct the receipt of dividends
from, or the proceeds from the sale of, the 750,000 shares of Lahaina.
e. Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUERS
See response to Item 3 above.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1) Irrevocable Stock Power, by and between Paxford Investments, S.A.
and Mongoose Investments, LLC executed December 4, 1998.
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.
DECEMBER 29, 1998
Date
/s/ GRAHAM M. COOPER
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Graham M. Cooper
Page 4 of 4
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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1) Irrevocable Stock Power, by and between Paxford Investments, S.A. and
Mongoose Investments, LLC executed December 4, 1998
EXHIBIT 1
IRREVOCABLE STOCK POWER
FOR VALUE RECEIVED, the undersigned does hereby sell, assign and
transfer to Mongoose Investments, LLC, Seven Hundred Fifty Thousand (750,000)
shares of the common stock of Lahaina Acquisitions, Inc., a Colorado corporation
(the "Corporation"), standing in the name of the undersigned on the books of the
Corporation represented by certificate number 490.
The undersigned does hereby irrevocably constitute and appoint Gunster,
Yoakley, Valdes-Fauli & Stewart, P.A., their attorney-in-fact, to transfer the
said stock on the books of the Corporation, with full power of the substitution
in the premises.
DATED: December 4, 1998
PAXFORD INDUSTRIES, S.A.
/s/ IVYLYN CASSAR
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By: Ivylyn Cassar
Its: Director, Secretary
