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

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To: lakers17 who wrote (170)8/8/1998 9:34:00 PM
From: Stephen Goldfarb   of 1640
 
Why the stock dropped is anybody's guess. Liquidating the convertible instruments appears to have been a contributor. The company is also seeking to purchase a portion of Potomac Chemicals of Singapore. At last report, the deal is not completed. They own a company that deals with monitoring blood flow. The latter is said to be profitable. It reportedly keeps the holding company afloat while the company pursues its other ventures. Visit the holding company web site. There are some dated reports posted there.

Let us know what you uncover.

Steve
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