Kaire Holdings - $0.50 stock- $3 to $4 Book Value Message Board

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Microcap & Penny Stocks : Kaire Holdings - $0.50 stock- $3 to $4 Book Value

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To: Michael Graham who wrote (138)	8/4/1998 9:11:00 PM
From: JLP	Read Replies (2) of 1640

Mike, I manage to reach Klaire tonight. Had an interesting talk with them. Currently their are a large number of convertible debt instruments outstanding. The volume today was from folks converting and selling shares. It is also what is holding the price down. Currently there are 8.2 million shares issued (almost no insider holdings). When all the debt interments are converted the outstanding shares will be about 16 million (still no insiders). The company owns 23% of Klaire Int'l. When its IPO hits Klaire Holdings will gain about 1 million cash, a current 10k is supposted to be filed in about two weeks and financials through 2nd qtr in a month or so. No current investor package is available at this time. From one small investor to another, watch it for a while, or buy lightly. Wait for current info. Risk is high....

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