Perhaps I am stating the obvious, but I don't think it is a good idea to "present" a knife and then try to use it non-lethally.
By presenting a blade you have upped the ante, and your opponent is justified in using deadly force, including that pocket pistol he has not yet revealed.
I realize that punks in pool halls may do a certain amount of posturing where nobody gets hurts, but introducing a deadly weapon against a stranger carries self-evident risks.
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