To: Mr. Jens Tingleff who wrote (1757 ) 3/10/2000 4:34:00 PM From: Puck Read Replies (2) | Respond to
After making a thorough list of questions touching all the topics I thought useful in attempting to understand LifeOne's current state, that of it's shareholders, and where we might go from here, I called Mr. Goldstein this afternoon hoping to get some answers that could be of benefit to us all. Instead of Mr. Goldstein, I managed to reach his assistant, whose name I don't really remember. He said that he would take my questions but warned me that he had been in contact with numerous other shareholders and that there was very little he could discuss publicly about LifeOne's condition. I asked him about many things, including the reverse merger, Communicata and its growth prospects, the progression of the lawsuits, former management and their current relation to the company, etc.. The warning I received from Mr. Goldstein's assistant was quite accurate unfortunately and essentially all I could get out of him were two things. More specifically, Mr. Goldstein is currently in charge of the company's day to day operations and Brent Chapel seems to be involved in LifeOne's strategic planning from his position on the board. Also that Mr. Goldstein is in regular contact with Brent Chapel. The other comment he made is more general. I asked him if things at LifeOne were moving behind the scenes that just couldn't be disclosed publicly at the present time or if things were more static. He said that there definitively is a significant amount of movement. He did also say that there were many details to be worked out regarding the reverse merger, including receiving judicial approval, and seemed to indicate progress was being made. I asked if LifeOne had to become current in its financial reporting before the reverse merger could happen and he said that they didn't yet know. I was really hoping to get an answer about how many shares outstanding there are and how many there will be in the new company subsequent to the merger, and he said that those details hadn't been worked out yet. I asked about the status of the escrow shares, and he said that they were still in escrow. He also didn't say anything when I queried him about the status of the convertible debentures. Basically, all I know is that Mr. Goldstein is trying to resolve these issues and that there is activity behind the scenes but no general expectations about when these issues might be resolved. I was very frustrated in not being able to get a solid answer for any of my questions but was expecting the worse. I was hoping that I would receive enough information to make a decision about whether or not to purchase more shares because I am very optimistic that the reverse merger will be very lucrative for those of us who have stuck it out. Instead I couldn't even learn how many shares there are and so I will just wait for more information to be released. I will call Mr. Goldstein again in a few months (May?) and ask him the same questions and will continue to do so at regular intervals until I receive satisfactory answers, which I will post here. Incidently, I did find out that Mr. Goldstein is acting as trustee for several other companies as well, for whatever it's worth.
