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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Capitalism who wrote (15)	4/18/1998 2:11:00 AM
From: Andrew H	Read Replies (1) of 1640

I had a good talk with Bruce today and asked a lot of questions.He will be leaving Monday for one week, to go to China to help get that project moving. Meanwhile, he is happy to talk to shareholders. Shares out = 4.4MM while float is about 2MM. There is likely to be more dilution before too long because the company has another acquisition in mind. He couldn't tell me how much but he did say it would be less than 100% and that it would add considerable value to the company for the cost. He said the current book value was about -4MM. However, KAHI owns 35% of this Chinese multi-level marketing company, which took in about 25MM in revenues last year and about 1.5MM in profits. He valued that company at about 12.5MM. KAHI also owns 63% of Kaire Intenational which took in about 3MM in revenues in February and March. He expects they will take in about 45MM total in revenues this year, through normal channels (4-500 thousand consumer-distributors) and with the additional 300 thousand Chinese copnsumer-distributors. All together, he expects KAHI to take in about 50MM in revenues this year and to break even or make a small profit. They are still putting the company on its feet after previous management left the company in pretty sorry shape. Next year should be highly profitable. They should be a fully reporting company by May 15. Bruce said that most companies in the industry sell for an average of 1 to 2 X revenues, while KAHI is selling for about 5% of revenues.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next