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Microcap & Penny Stocks : LifeOne, Inc. (LONE)

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To: paper man who wrote (1545)8/12/1999 5:07:00 AM
From: Puck  Read Replies (2) of 1834
 
I called LONE late in the afternoon and, not wanting to demand Jayne's time every week, asked A.J. if he was aware of any significant corporate developments that might account for the sell-off. He said that he wasn't and that the company was not expecting to hear anything regarding their lawsuits in the near future. I'm going to presume that this selling pressure is simply a continuation of the tactics of LONE's adversaries who have attempted to create as much stress for the company as possible any way they can, or else its Glen unloading his shares. Remember there was a sell-off at the beginning of the year that pushed the asking price as low as $.085. Jens, I believe, and I both thought the deal was too good to pass up then, and I have the same feeling now. If the price falls another couple cents on no news, I will have to initiate another buy program.
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