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

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To: Fred Stalls who wrote (1762)3/8/2000 4:38:00 PM
From: Puck   of 1834
 
A reverse merger is just like any other merger between two companies in so far as shareholders are concerned. Communicata's privately held shares will be converted into LifeOne shares and thus added to the total amount of shares outstanding. As a result, the total number of shares of the new company will be the sum of LifeOne's legacy shares and Communicata's newly converted shares, and after the merger, ten percent of shares outstanding will be those of former LifeOne shareholders. At least what I have described is what has happened in all of the other reverse mergers that I've observed. I also think that the name of the new company will be changed to Communicata from LifeOne.
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