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Microcap & Penny Stocks : LifeOne, Inc. (LONE)
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To: Bobb who wrote (214)3/28/1999 1:53:00 AM
From: IBMikey  Read Replies (2) of 1834
 
LifeOne expects to build shareholder value quickly by placing certain acquisitions in subsidiary shells and then effecting spin outs of the acquisitions. The company has four seasoned shell subsidiaries that can be used to implement tax-free spin outs of new public companies. 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.

The key words in press statement are "proportional to their
percentage of Lifeone". IN MY OPINION this means (and this is
only a number I picked out of the sky) that if you own, say 10
shares of LONE you might get 4 shares of shell A...5 of shell B..
6 of shell C...and 1 of shell D. Now whether or not your original
10 shares have any value or if your 10 shares disappear will depend on whether LONE has any assets when all these "spin outs" are done. One other question we should all follow-up on is what are the 4 shells and will they be tradable or will all 4 shells be restricted stock.
By the way, if the original shares of LONE disappear I would con-
sider this a reverse split-UNLESS the value of 4 shells have equal
or greater value AND they are tradable. All the above is my opinion
only and I may be way off. Let the flames begin.
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