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: starman who wrote (149)	8/5/1998 3:07:00 PM
From: Stephen Goldfarb	of 1640

There are two contradictory trends. This confuses the matter. On the one hand, it is expected that if Kaire International succeeds in going public, that will be good for Kaire Holdings. On the other, the conversion of substantial debt has apparently influenced, and continues to influence, the downward trajectory of the stock. A price chart is illustrative. Stocks can reverse in an instant. Perhaps returns will be ample. But, in view of many unknowns, this has to be considered very speculative. The last I heard, there was still substantial debt to be liquidated. The holders of the convertible instruments, just judging from price and direction, seem willing to convert down to the pennies. One estimate is that there are $300-400,000 to be liquidated. Depending on the terms of the convertible instrument, that could result in a substantial additional dilution at current prices. Steve

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