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

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To: Logistics who wrote (370)9/10/1998 10:45:00 PM
From: Stephen Goldfarb  Read Replies (1) of 1640
 
J.L.: I am a shareholder. I have also urged a measured view about this company. One company official reported the view that the success of the IPO for Kaire International was important (i.e., critical) for KAHI to go forward. Things can change, of course. I read the statement that the IPO will come out anywhere between $3 and $6 as a hedge. The original plan was to structure the IPO at $6. If they bring it out lower, that suggests reduced confidence in market acceptability. It is, in my view, an open question whether they can fully subscribe the offering. Of course, marketeers can do wonders. They've done wonders on me.

Steve
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