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

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To: PAFOOFNICK who wrote (1756)6/24/2000 8:34:00 AM
From: Puck  Read Replies (2) of 1834
 
Mr. Goldstein has still proven elusive, but LONE did file an 8-K unfortunately announcing that Communicata has terminated its agreement in principle with LONE to engage in a reverse. This development is quite disappointing to me but not out of keeping with LONE's interminable history of failing to achieve just about every one of its goals after getting the bride to the alter so many times. Note that an entire month passed between when the trustee received notification from Communicata and when the 8-K was filed. This delay seems egregious to me given what a simple yet significant item of interest it is for LONE shareholders. I hate to be the bearer of bad news, but here goes:

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===============================================================================

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange

Act of 1934.

May 23, 2000

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Date of Report (Date of earliest event reported)

LIFEONE, INC.

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(Name of Small Business Issuer as specified in its charter)

Louisiana 0-13538 72-0947819

---------------- --------------------- -------------------

(State or other (Commission File No.) (I.R.S. employer

jurisdiction of identification No.)

incorporation or

organization

2 North Charles Street,

Baltimore, Maryland 21201

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(Address of principal executive offices)

Registrant's telephone no., including area code: (410) 454-6830

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Item 5. Other Events

On May 23, 2000, Communicata Limited terminated its non-binding letter of

intent to complete a reverse merger with LifeOne, Inc. ("LifeOne").

LifeOne is currently negotiating with another company to structure a

reverse merger. There can be no assurance that such negotiations will lead to an

agreement or that even if an agreement is reached that any transaction will be

consummated.

LifeOne, Inc., formerly National Affiliated Corporation, filed for

protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy

Court for the District of Maryland on December 3, 1999. On that date, the Office of the United States Trustee appointed Charles R. Goldstein as Chapter 11 trustee of the Company pursuant to the order of the United States Bankruptcy Court for the District of Maryland.

Item 7. Financial Statements and Exhibits

None.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: June 21, 2000 LifeOne, Inc.

By /s/ Charles R. Goldstein --------------------------- Charles R. Goldstein, Chapter 11 Trustee
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