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

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To: IBMikey who wrote (215)3/28/1999 2:22:00 PM
From: Mr. Jens Tingleff  Read Replies (2) of 1834
 
RE: 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.

You see this as a reverse - it isn't quite that - it's a conversion.
The effect may or may not be dilutive - I'd say that getting a proportional number of shares in a company not threatened by (possible criminal) debenture holders is non dilutive.
I suppose the directors and board members also has some common shares to convert.
Though in my opinion we haven't got the full picture yet, do we ?

Kr
Jens
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