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Microcap & Penny Stocks : LifeOne, Inc. (LONE)
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To: Sam Matz who wrote (368)4/21/1999 11:39:00 AM
From: MonteChristo  Read Replies (2) of 1834
 
Geez Sam, great news like this and your turning gun shy. Well, I can't say it any more clearly than the court docket. Case Closed

4/19/99 33 RULING denying [11-1] motion to dismiss appeal, granting
[18-1] motion to approve compromise, granting [18-2] motion
to dismiss involuntary bankruptcy petition, granting [20-1]
supplemental motion to [18-1] motion to approve compromise
and to dismiss involuntary bankruptcy petition; The
bankruptcy court's decision not to dismiss the involuntary
petition is REVERSED; The case is REMANDED with
instructions to DISMISS the involuntary petition so that
the litigants may arbitrate their claims; The stay of
proceedings currently in effect in the bankruptcy court is
DISSOLVED so that the bankruptcy court can comply with this
instruction. (signed by Judge F A Little Jr) NOE by: mll
(sem) [Entry date 04/20/99]


Docket as of April 20, 1999 9:05 pm Page 6

Proceedings include all events.
1:98cv2438 Life One Inc v. Black Sea Invst Ltd, et al CLOSED

4/19/99 -- Case closed (sem) [Entry date 04/20/99]

Remember, the Judge stated they have to go to arbitration, which is what should have been done all along. They don't want to go to arbitration though because LONE will win if they can prove a deliberate shorting of the stock. I believe they can. So they diverted it to bankruptcy court to try to get money out of the company without the ramifications of their trading activity.

Yes, this is what we have all waited for. Financials are next. I would also expect some type of lawsuit against Black Sea now and it may go to arbitration or they may settle. I'm sure that depends how strong LONE's hand is now with evidence. We shall see.
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