Abdul ladha - ownership by spouse investment history in Ableauctions com inc

Filed on 2009-07-29 by Abdul Ladha SEC CIK 1248301 Form 4

Accession 0001185185-09-000727.txt Sec File: edgar/data/1248301/0001185185-09-000727-index.htm

2009-07-27 Abdul Ladha (CIK 1248301) through Ownership By Spouse (Ceo Cfo)

Invested in Ableauctions Com Inc bought 1204021 shares at $0.432 remaining shares owned 2526889

Common Stock Ableauctions Com Inc Aac Transaction code: J Other acquisition or disposition (transaction described in footnotes)

f2 these shares are issued in the name of hanifa ladha, mr. ladha's spouse. mr. ladha disclaims beneficial ownership interest in these shares.


Filed on 2009-07-29 by Abdul Ladha SEC CIK 1248301 Form 4

Accession 0001185185-09-000727.txt Sec File: edgar/data/1248301/0001185185-09-000727-index.htm

2009-07-27 Abdul Ladha (CIK 1248301) through Ownership By Spouse (Ceo Cfo)

Invested in Ableauctions Com Inc bought 1204021 shares at $0.432 remaining shares owned 2526889

Common Stock Ableauctions Com Inc Aac Transaction code: J Other acquisition or disposition (transaction described in footnotes)

f1 on july 27, 2009 abdul ladha, our chief executive officer and a director, converted $500,000 in principal amount and $20,136.99 in interest into 1,204,021 shares of the company's common stock at a price of $0.432 per share. the loan was made to the company on october 6, 2008 by bullion reef holdings ltd., a corporation owned by the ladha family trust. the loan was made in conjunction with a development agreement, also dated october 6, 2008, among the company, mr. ladha, overture development corporation, surrey central city holdings ltd. and bullion reef holdings ltd. on april 30, 2009, bullion reef holdings ltd. assigned one half of the promissory note to mr. ladha and one half of the promissory note to his spouse, hanifa ladha.