LifeOne, Inc. (LONE) | Stock Discussion Forums

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Microcap & Penny Stocks
LifeOne, Inc. (LONE)

An SI Board Since February 1999

Posts	SubjectMarks	Bans	Symbol
1834	7	0	LONE

Emcee: MonteChristo	Type: Unmoderated

Introduction Market Data Compact

LifeOne, Inc. (OTCBB:LONE) [formerly National Affiliated Corporation (NAAC)] is a Life and Health Insurance holding company committed to the acquisition and consolidation of insurance companies, mainly those with a clear potential for a high return on investment from immediate cost reductions, and timely marketing of profitable niche products.

In the Fall of 1997 they were trading well over $2.00, today the stock is just a little over a dime. So what has happened over the last year or so?

We haven't seen financials since February 1998. Audited 1997 annual statements have never been published due to a disagreement with and the eventual resignation of a newly hired auditing firm. They had no disagreements with their previous auditor (Deloitte & Touche LLP). In August 1998 they retained a new firm to audit the financials. The financials have been audited and are ready for release but have not been due to two lawsuits.

In July 1998 LifeOne filed a lawsuit in California against several entities and debenture holders for alleged stock manipulation and illegal shorting of the stock. In retaliation for this suit, three of these entities and debenture holders filed an involuntary bankruptcy suit in Louisiana against the company in August of 1998.

In February of 1999 it was announced that the company has settled with 2 of the 3 debenture holders who had initiated the involuntary bankruptcy suit. Details of the settlement have not been released yet.

On the positive side, this company's previously released financial showed great improvement with the merging and restructuring of their operations. LifeOne has several previously announced ERISA contracts that add greatly to their bottom line. They have the backing of First Madison Securities of New York and are being advised by Conseco Capital Management. Prior to the lawsuits they had been aggressively pursuing several acquisition candidates.

The stock price has been depressed for many months now. Many things are yet to be resolved, but this could be the bottom of the curve. Come on in and read more about the stock. There are many tales to tell and this stock has been interesting to say the least.

Other information can be found on the NAAC thread
(https://www.siliconinvestor.com/subject.aspx?subjectid=16886)
or the LifeOne website (http://www.life1.com).

You can contact investor relations at jayne@life1.com or at 888-984-0800.

Past SEC filings can be found at freeedgar.com

Come on in and join the fun!

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
1834	Ditto ;-) eom	Mr. Jens Tingleff	-	10/10/2000
1833	I hope there is still life in this dog. I want to be surprised.	PAFOOFNICK	-	10/10/2000
1832	cannot hurt trying - eom	Mr. Jens Tingleff	-	9/24/2000
1831	I just checked the Life1.com listing on Network Solutions WhoIs directory and fo	Puck	-	9/24/2000
1830	Thanks for the idea.	Puck	-	9/23/2000
1829	Puck: Check out IOM....B	Bernie Sturr	-	9/23/2000
1828	Their website doesn't say, and I haven't bothered to ask them directly.	Puck	-	9/23/2000
1827	Did Communicata continue to seek somewhere else ? Kr Jens	Mr. Jens Tingleff	-	9/23/2000
1826	Will do.	Puck	-	9/18/2000
1825	Keep in touch. Paf	PAFOOFNICK	-	9/18/2000
1824	I, too, would like to know why the lawsuit was dropped, as well as why the Commu	Puck	-	9/18/2000
1823	Bob&Puck & Walley: I wish I could discern all the info you and others ha	PAFOOFNICK	-	9/17/2000
1822	Hey daaan, LONE + FAMH = HOME LAFN' Might make an interesting custom licens	walleye	-	9/17/2000
1821	Puck, As always you offer a thoughtful and intelligent response. I too will pr	Bobb	-	9/17/2000
1820	There's no excuse for any of us to make any of the mistakes we might have ma	Puck	-	9/16/2000
1819	Well, well, well. I've always been curious what happens to company when thi	Bobb	-	9/16/2000
1818	Whereto from here?	Puck	-	9/16/2000
1817	You have had more contact with the management then I have. I will take your word	daaan	-	9/16/2000
1816	I talked to Brent and Jayne extensively during the first year of my investment w	Puck	-	9/16/2000
1815	For the record, LifeOne sold convertible debentures with a floating conversion p	Puck	-	9/16/2000
1814	Thanks for the good post. What I am wondering about is that a RICO suit is for	daaan	-	9/16/2000
1813	Good info, sour content - asked MC is he had time and interest in drawing the do	Mr. Jens Tingleff	-	9/16/2000
1812	Puck: Thank you for the excellent post which explains alot, but leaves one item	Bobb	-	9/15/2000
1811	I've attempted to reach the trustee several times over the course of the sum	Puck	-	9/15/2000
1810	OT: conseco thestreet.com	Mr. Jens Tingleff	-	8/16/2000

Go to reply# or date (mm/dd/yy):