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Microcap & Penny Stocks : Kaire Holdings - $0.50 stock- $3 to $4 Book Value
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To: Author51 who wrote (608)10/27/1998 10:06:00 PM
From: Stephen Goldfarb  Read Replies (1) of 1640
 
I spoke to a Kaire Holdings official today. I learned the following:

1. The IPO for Kaire International is still anticipated. KI has received comments back from the SEC on their last submission. The date of the offering is unknown. It depends on when the SEC gives its final approval. The official was unwilling to say when that might be.

2. The acquisition of a portion of Potomac Chemicals is no longer operational.

3. No other acquisitions are in the works at this time. The company is looking at various (unspecified) possibilities. Nothing firm or reportable.

4. The official knows nothing and has no comment on the National Health Trends offer to acquire Kaire International.

5. The official has no knowledge about the price weakness of KAHI. He suggests that investors do not know of or do not believe that the Kaire International IPO will take place.

Steve
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