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Microcap & Penny Stocks : LifeOne, Inc. (LONE) -- Ignore unavailable to you. Want to Upgrade?

To: Sipowitz who wrote (809)	5/23/1999 11:12:00 PM
From: MonteChristo	Read Replies (1) \| Respond to of 1834

Due to the lawsuits we haven't seen financials for 1998 or YTD 1999. That will change now that they are taken care of. Last reports show them earning .03/share. This is up from losses in the .40's. Release made last week adds .13/share to the bottom line. If you look back at older releases you will see releases on business they have gotten that we still haven't seen the benefits on yet because we haven't seen financials since they've kicked in. The unknown is of course the costs of legal fees for all this stuff that has been going on. Who knows. Read the releases, take a look at the SEC filings, look at the yahoo or any other profile. Tell us what your thinking tomorrow or the next day. Goodnight.

To: Sipowitz who wrote (809)	5/23/1999 11:49:00 PM
From: Puck	Read Replies (1) \| Respond to of 1834

I see that we attended the same alma matar. (Go to Hell Carolina!) Incidently, I am told that before LONE became stuck in the quagmire they're attempting to escape from, they were looking at forming a partnership with the endowments of several universities in order to attract additional investment capital to aid their acquisition strategy, just as Conseco did up until 1996 when Hilbert decided that Conseco had grown large enough to go it alone. UVA was organizing the outside investors of which the Duke Univ. endowment was one. LONE is 40% owned by the Southern Group, which purchased LONE's predecessor in 1996 and gave it a capital infusion to save it from being taken over by the LA insurance commission. The S. Group maintains a web site for LONE at southerngroup.com where you can find a complete listing of LONE's press releases to date. There you can see a skeleton sketch of LONE's recent history, disappointments and triumphs. The disappointments are plain to see in the stock price movement, but what is perhaps under appreciated is that in spite of all its trouble LONE is still alive today. The Classert class action lawsuit would have killed it if Brent hadn't come up with the financing to reach an equitable settlement, which is where the reg. S issues helped. Management was caught between a rock and a hard place; damned if you do and damned if you don't. In spite of the abuse LONE suffered consequent to the reg. S issuances, the debenture holders appear to have sown the seeds of their own destruction by, according to LONE management, illegally shorting the stock immediately upon purchasing the debentures instead of waiting until they had converted their shares (thirty days I think). If they had only waited they would have had a nice return on their investment for such a short period of time. Instead they decided to pursue a course of action that left them vulnerable to the RICO class action lawsuit that LONE initiated against them ten months ago seeking damages equal to loss of market capitalization and, by virtue of it being a RICO suit, treble damages. Because of its scope (involving a number of both plaintiffs and defendents), the suit is moving along slowly. Recently though a milestone was passed when the presiding federal judge threw out all of the defendents' motions to have the case dismissed, paving the way for the trial I presume. Cheers--