SOme thoughts:
1) "LifeOne, Inc. (OTCBB:LONE), (the "Company"), announced today that it is repositioning the company to QUICKLY increase shareholder value once the petition for involuntary bankruptcy is withdrawn or judicially overturned"
I wonder what quickly means.
2) "The company's plans to accelerate shareholder value will attempt to make up for lost time for shareholders who have had to suffer from the stock manipulation of some of the company's debenture holders."
I wish the debenture holders were saying this.
3) "LifeOne expects to build shareholder value QUICKLY by placing certain acquisitions in subsidiary shells and then effecting spin outs of the acquisitions."
Again, I wonder what quickly means (days, weeks, months, or years)
4) "Shareholders holding LifeOne shares as of the record date (to be decided) would receive shares of the new companies proportional to their percentage of LifeOne."
When is the record date to be decided? IS this going to be an ongoing movement or will there be one day when they spinoff a number of companies?
5) "In addition, several senior life insurance executives who have affiliations with LifeOne have formed an acquisition partnership apart from LifeOne, but which will allow LifeOne to participate in larger acquisitions, companies with assets in the $200 million to $1 billion range."
$200 million - $1 billion, Holy Cow!
6) "As part of this strategy, Peter Huff has joined with the partnership where he can best match his skills and experience to acquisitions that would otherwise be out of reach for LifeOne."
Bye bye Mr. Huff. I wonder how much of an interest LONE will be for this acquisition partnership. If they are truly independent, then why have any concern for LONE?
7) "The partnership may buy LifeOne common shares on the open market if it deems the stock to be undervalued."
Hopefully they view LONE's stock right now to be extremely undervalued. Otherwise, we are in big trouble.
I am really curious to hear what you all have to say about this news. I also really hope that they do mean quickly when they say it.
Sam |
