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Microcap & Penny Stocks : LifeOne, Inc. (LONE)
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To: stockster who wrote (354)4/19/1999 7:22:00 AM
From: Sam Matz  Read Replies (1) of 1834
 
For those of us who don't know the story of the relationship between LONE and TK:

TK is a debenture holder who contracted to give LifeOne $2.5 million.
Subsequently, and before they could convert, LONE filed the RICO suit against them and others for illegal stock manipulation. They exercised the arbitration clause in the debenture contract. In the arbitration, they convinced the judge to force LONE to escrow 4 million shares as security for paying them back. As LONE discussed, the shares are restricted and that's the crux of the matter.

I did not know exactly who TK was and thought this might help others who are as slow as I am.

Sam
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