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

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To: Stephen Goldfarb who wrote (286)8/19/1998 10:04:00 AM
From: Redhook  Read Replies (1) of 1640
 
Stephen,
Your statement "One can speculate whether there was forethought given to forcing share price lower in anticipation of later buying before the I.P.O." is exactly what I have been thinking all along. I would bet that once the conversion is over, the share price will have hit bottom and trigger management and others close to the company to begin accumulating prior to the KI IPO. It makes sense.

What also excites me about this stock is that the price held fairly stable considering the amount of dilution that has taken place over the short period of time.

I am looking to load up much more in the next few days as I believe others will be doing as well.

Redhook
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