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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH)

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To: RLM who wrote (549)10/12/1998 3:54:00 PM
From: Andrew H  Read Replies (1) of 2153
 
Well, no buying on the release. You think $2 will be enough for the AMEX listing?

BTW, here is an EM I received fom LEAH's President--sounds like things are going well. I have omitted a couple of items.

>>Dear Andrew,

Things are going well. The factory in Tyumen that
manufactures oil field equipment is running 24 hours a day. We see
further gains from Russia once things settle down, and they will.

In regard to the spin off, we felt this was the best way to reward
shareholders. We will follow with a further annoucemnt in regard to the people running the deal, which will enhance the outlook even more so, as these are well know industry professionals.

The audit is going well and as fast as possible. We will be posting the nine month results probably in the first week on November and they will include a book value based on proven oil reserves.

Please feel free to post this response or any part of it.<<

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