Ex - 5.0
To Whom It May Concern:
Re: Lorelie Corporation
Lorelei Corporation (Lorelei) is a corporation duly incorporated and validly
existing and in good standing under the laws of the state of Delaware. Lorelei
has full corporate powers to own its property and conduct its business, as such
business is described in the prospectus. Lorelei is qualified to do business as
a foreign corporation in good standing in every jurisdiction in which the
ownership of property and the conduct of business requires such qualification.
This opinion is given in connection with the registration with the Securities
and Exchange Commission of seventy thousand (70,000) shares of common stock at a
price of 50(cent) per share, for sale in Lorelei's proposed public offering.
We have acted as counsel to Lorelei in connection with the preparation of the
Registration Statement on Form SB-2, pursuant to which such shares are being
registered and, in so acting, we have examined the originals and copies of the
corporate instruments, certificates and other documents of Lorelei and
interviewed representatives of Lorelei to the extent we deemed it necessary in
order to form the basis for the opinion hereafter set forth. In such examination
we have assumed the genuineness of all signatures and authenticity of all
documents submitted to me as certified or photostatic copies. As to all
questions of fact material to this opinion which have not been independently
established, we have relied upon statements or certificates of officers or
representatives of Lorelei.
All of the 70,000 shares being registered are now authorized but unissued
shares.
Based upon the foregoing, we are of the opinion that the 70,000 shares of common
stock of Lorelei being registered for sale by Lorelei, when issued and sold
pursuant to this Registration Statement will be legally issued, fully paid and
non-assessable and there will be no personal liability to the owners thereof.
The undersigned hereby consents to the use of this opinion in connection with
such Registration Statement and its inclusion as an exhibit accompanying such
Registration Statement.
Very truly yours,
SCHONFELD & WEINSTEIN, L.L.P.
SCHONFELD & WEINSTEIN, L.L.P.
Dated June 24, 2000
