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Hey Steven, Tony, Cali, Tom,
Looks like Knic shareholders got their wish------FINALLY!!!!!!
Massive short squeeze begins today, BUY all you can, because the off-shore pirates and the MMs that helped them out, are now TOAST!!!!
Check out today's news:
Thursday January 16 8:31 AM EDT
L. L. Knickerbocker Suspends Conversion of its 7%
Convertible Debentures Pending Investigation of
Recent Trading Activity
Company Takes Action to Protect its Common Stockholders and
Debenture Holders
RANCHO SANTA MARGARITA, Calif., Jan. 16 /PRNewswire/ -- The LL
Knickerbocker Company Inc announced today it has filed a Form 8-K with the Securities
and Exchange Commission and the National Association of Securities Dealers reporting that it
has suspended conversion of its 7% Convertible Debentures issued in a Regulation D private
placement financing of $15.5 million ($14.8 million net to LLK) closed on September 25,
1996 pending the Company's investigation of recent trading activity, which the Company
believes is related to the conversion terms of the debenture financing.
The Company has taken this action to protect the interests of both its common stockholders
and the debenture holders.
The L. L. Knickerbocker Co., Inc. develops a line of celebrity endorsed products, contracts
for the manufacture of those products to the Company's specifications and sells them to
customers through diverse retail markets. In addition, the Company manufactures and sells its
own jewelry products through diverse markets and through its own worldwide sales force.
Through its equity interest in Pure Energy Corporation, the Company is actively involved in
the development of an alternative fuel. SOURCE L. L. Knickerbocker Co., Inc.
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