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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp -- Ignore unavailable to you. Want to Upgrade?

To: Steven Messina,L.M.T. who wrote (871)	7/31/1998 4:14:00 PM
From: s martin	Read Replies (1) \| Respond to of 1028

To: +Arcane Lore (47979 ) From: +Arcane Lore Friday, Jul 31 1998 3:31PM ET Reply # of 50470 <Off Topic> Speaking of mythical "short squeezes", those allegedly orchestrated by Ravi Khan may be classics of the genre if the SEC account is correct: COMMISSION CHARGES STOCKBROKERS RAFI KHAN AND TIMOTHY TYRRELL WITH STOCK MANIPULATION The Commission filed a complaint in federal district court in Los Angeles charging Rafi M. Khan with fraud for manipulating the stocks of two companies, Future Communications, Inc. (FCMI), and The L. L. Knickerbocker Co., Inc. (KNIC). From June 30 to August 30, 1993, FCMI's stock price rose from $6.50 to $27.25. Two months later, the company declared bankruptcy. From July 3 to August 11, 1995, KNIC's stock price rose from $6 to $52 per share. The complaint alleges that Khan orchestrated these price runs using a variety of manipulative practices, including acquiring substantial control of the market for each stock, executing unauthorized trades, touting wildly exaggerated earnings projections, and promoting a "short squeeze" scheme. The complaint also alleges that Timothy J. Tyrrell participated in the FCMI manipulation by, among other things, orchestrating a collusive trading arrangement with another broker. The Complaint charges Khan and Tyrrell with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks permanent injunctions, disgorgement of improper trading profits with prejudgment interest, and civil penalties. [SEC v. Rafi M. Khan and Timothy J. Tyrrell, Civil Action No. CV-98-6143 MMM, SHx, C.D. Cal.] (LR-15827) sec.gov

To: Steven Messina,L.M.T. who wrote (871)	8/7/1998 9:12:00 AM
From: James Distefano	Read Replies (1) \| Respond to of 1028

L. L. Knickerbocker Signs Agreement With Debenture Holder to Redeem Balance Of $5 Million Convertible Debenture LAKE FOREST, Calif. -- The L. L. Knickerbocker Co., Inc. (Nasdaq: KNIC) announced today it has signed an agreement with the single institutional holder of its $5 million 6% Convertible Debenture to purchase for cash the remaining unconverted $3 million balance of the debt for 110% of face value. The Shemano Group in San Francisco, California acted as placement agent for the $5 million financing completed in September 1997. The Company will use the proceeds from the sale of a small percentage interest in one of its equity investments to make the purchase buy back which is expected to close by September 1, 1998. The L. L. Knickerbocker Co., Inc. is a diverse international company with operations in three strategic divisions: collectibles, jewelry and investments. The Company markets all of its products worldwide. Through its investments division, it has equity interests in Arkenol Asia, Inc., Pure Energy Corporation, Ontro, Inc. and Phoenix Environmental Ltd. For more information visit Knickerbocker's web site at www.knickerbocker.com. This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices, and other factors. The Company's actual results could differ materially from those projected in the forward-looking statements as a result of the factors described herein. /CONTACT: Louis L. Knickerbocker of The L. L. Knickerbocker Co., 714-595-7900; or Fran Daniels of Financial Sciences of America, 310-278-4413, for The L. L. Knickerbocker Co./ "Copyright(c) 1998, PR Newswire" "Provided by Dow Jones & Company, Inc."